Thursday, February 25, 2021

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Cisco Systems probes former employees of China unit over embezzlement allegations

Cisco Systems Inc. is investigating an alleged embezzlement scheme by former employees in China that may have involved payments to Chinese state-owned firms, the company said. The networking-equipment firm voluntarily disclosed the matter to the U.S. Department of Justice and...

Chinese social media giant Tencent fires 100 employees over bribery, embezzlement allegations

Tencent Holdings Ltd. fired more than 100 employees on suspicion of graft after a series of investigations over the past year, offering a rare glimpse into an anti-corruption campaign within China’s most valuable corporation. The social media and gaming giant said...

Former head of Vatican bank sentenced to 9 years in prison for money laundering, embezzlement

A former head of the Vatican bank has been convicted of embezzlement and money laundering and sentenced to nearly nine years in prison. Angelo Caloia, 81, was president of the bank – officially known as the Institute for Works of Religion (IOR) – between...

Romania prosecutors probe ex-minister Costel Alexe over bribery and embezzlement allegations

The National Anticorruption Directorate (DNA) announced that the prosecutors have officially started the criminal investigation against the former Liberal environment minister Costel Alexe for bribery and incitement to embezzlement. DNA prosecutors say that, in March-April 2020, Alexe, who was environment...

UAW agrees deal with US prosecutors to end bribery and embezzlement scandal

The United Auto Workers (UAW) and the U.S. attorney's office in Detroit say they have reached a settlement with the goal of reforming the union in the wake of a wide-ranging bribery and embezzlement scandal. Terms of the agreement will...

Former town IT director arrested for embezzlement, now on the run after cutting ankle monitor

A former employee of the Town of Vail who has been charged with child prostitution and assault of a police officer, in addition to embezzling half a millions dollars from the town, removed his GPS ankle monitor Friday, according...

Former Honda facilities manager jailed for fraud, embezzlement

A former facilities manager at Honda’s Marysville plant has been sentenced for stealing money from the automaker and another company. Charles Michael Stratton, 63, was sentenced in U.S. District Court to 42 months in prison for wire fraud and money...

Son of Brazil’s president charged with money laundering, embezzlement

Jair Bolsonaro’s eldest son has been formally accused of embezzlement, money laundering, misappropriation of funds and directing a “criminal organisation” as sleaze allegations continue to swirl around the family of Brazil’s far-right president. Prosecutors in Rio de Janeiro announced late on Tuesday...

Son of Brazilian President Flavio Bolsonaro charged for embezzlement, money laundering – Report

Brazilian state prosecutors in Rio de Janeiro on Monday brought charges against the president’s son, Flavio Bolsonaro, for alleged embezzlement, laundering and running a criminal organization, domestic newspaper O Globo reported. The indictments ratchet up pressure in a long-running probe...

General Motors sues former director Joe Ashton for embezzlement

General Motors Co. is suing a former company director to recoup money embezzled in what it called a criminal scheme that saddled the Detroit automaker with billions of dollars in increased labor costs. The federal lawsuit against former GM director...

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Chicago political operative Roberto Caldero charged in bribery probe

For decades, Roberto Caldero was an influential behind-the-scenes player in politics at all levels in Chicago and Illinois, with...
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