Corporate crime

May 23, 2019 - 12:19 pm
LAS VEGAS (AP) — The former head of a Tokyo and Las Vegas investment firm has been sentenced to 50 years in a U.S. prison for bilking thousands of Japanese victims in what prosecutors called a $1.5 billion international Ponzi scheme. Chief U.S. District Judge Gloria Navarro dismissed as offensive...
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May 23, 2019 - 3:02 am
BERLIN (AP) — German prosecutors have fined auto components and technology company Robert Bosch GmbH 90 million euros ($100 million) over its role in the diesel emissions scandal that erupted at Volkswagen in 2015. Prosecutors in Stuttgart said Wednesday that Bosch was fined for a negligent...
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FILE - This combination of Sept. 27, 2012, file photos, show Jay Peak Resort co-owner Ariel Quiros, left, and Jay Peak Resort co-owner and CEO Bill Stenger at a news conference in Newport, Vt.  Fraud charges were filed Wednesday, May 22, 2019, against former Jay Peak owner Ariel Quiros, of Florida, and former president, William Stenger, of Newport. The pair are accused in a multimillion-dollar fraud case on multiple federal charges over a failed plan to build a biotech facility using foreign investors' money. (Robin Smith/Caledonian-Record via AP, File)
May 22, 2019 - 12:09 pm
BURLINGTON, Vt. (AP) — The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case have been indicted on multiple federal charges over a failed plan to build a biotechnology plant using foreign investors' money. The fraud charges against former Jay Peak...
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May 14, 2019 - 2:22 am
TOKYO (AP) — Japanese automaker Nissan, reeling from the arrest of its former chairman, Carlos Ghosn, has seen annual profit nose-dive to less than half of what it earned in the previous year. It's forecasting even dimmer results going forward. Nissan Motor Co. reported Tuesday that its profit for...
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May 13, 2019 - 3:36 pm
NEW YORK (AP) — A businessman described by prosecutors as the "gravitational center" of a conspiracy to bribe New York police officers in one of the worst scandals to hit the department in recent decades was sentenced to four years in prison Monday. Jeremy Reichberg, 45, was also fined $50,000 for...
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Actress Felicity Huffman arrives with her brother Moore Huffman Jr., at federal court Monday, May 13, 2019, in Boston, where she is scheduled to plead guilty to charges in a nationwide college admissions bribery scandal. (AP Photo/Steven Senne)
May 13, 2019 - 12:17 pm
BOSTON (AP) — The Latest on the plea of actress Felicity Huffman in the college admissions bribery scheme (all times local): 3:15 p.m. A California businessman has pleaded guilty to paying $250,000 in bribes to get his son into the University of Southern California as a fake water polo recruit...
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May 10, 2019 - 3:50 am
NASHVILLE, Tenn. (AP) — Four Tennessee pain management clinics have abruptly closed amid state and federal health insurance fraud investigations. The Tennessean reports the clinics formerly with PainMD and rebranded under the name Rinova officially closed Wednesday. Federal authorities last year...
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May 09, 2019 - 4:38 pm
LAS VEGAS (AP) — A federal judge reversed a magistrate's decision and ordered a father and son from Japan to remain jailed pending trial on fraud charges in what prosecutors call a $1.5 billion international Ponzi scheme. Attorney Richard Wright, representing former MRI International Inc...
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Huawei Chief Financial Officer Meng Wanzhou, back right, who is out on bail and remains under partial house arrest after she was detained Dec. 1 at the behest of American authorities, is accompanied by a private security detail as she leaves her home to attend a court appearance in Vancouver, British Columbia, Wednesday, May 8, 2019. (Darryl Dyck/The Canadian Press via AP)
May 08, 2019 - 12:31 pm
VANCOUVER, British Columbia (AP) — The lawyer for a senior executive of Chinese tech giant Huawei who was arrested in Canada on a U.S. extradition warrant said Wednesday he'll try to prevent the case from going ahead by arguing that comments by President Donald Trump suggest the case against her is...
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FILE - This Jan. 28, 2015, file photo, shows the Federal Trade Commission building in Washington. Federal privacy regulators are under scrutiny in Congress as they negotiate a record fine with Facebook to punish the company for alleged violations of its users' privacy. (AP Photo/Alex Brandon, File)
May 08, 2019 - 12:40 am
WASHINGTON (AP) — Federal privacy regulators are under scrutiny in Congress as they negotiate a record fine with Facebook to punish the company for alleged violations of its users' privacy. The Federal Trade Commission is considering a rare action holding CEO Mark Zuckerberg personally accountable...
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