Thursday, December 9, 2021

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Elias Chalet, ousted Bloomfield councilman, gets 5 years for taking ‘bag of cash’

A former Bloomfield councilman is set to serve five years in prison for accepting $15,000 in bribes, a portion of which he attempted to flush down the toilet as federal investigators moved to arrest him at his business. Elias Chalet,...

Malta’s FIAU breached anti-money laundering rules over Pilatus Bank

The European Banking Authority has issued a number of recommendations to Malta’s Financial Intelligence Analysis Unit, after it found that the Authority had breached money-laundering rules in relation to its supervision of Pilatus Bank. The recommendations came following a preliminary enquiry...

Saudi defense ministry official arrested on bribery charges

Saudi Arabia has arrested a defense ministry official on charges of receiving a 1 million riyal ($267,000) bribe and abusing his position, the SPA state news agency reported on Tuesday. “The official sought to facilitate irregular procedures for the disbursement...

Sentencing set for U.S Senator Jon Woods, co-defendants in corruption case

Former state Sen. Jon Woods is set to be sentenced Sept. 5 on his May conviction of 15 charges of public corruption for taking kickbacks from state grants he directed to nonprofit groups. Woods' co-defendant, Randell Shelton Jr., will be...

Feds charge ousted Troy city manager with bribery

A controversial former Troy city manager was charged with bribery in federal court Friday and accused of pocketing more than $20,000 from a city contractor. The bribery charge against Brian Kischnick comes four months after he was fired from the $161,000-a-year...

Puerto Rico mayor indicted for fraud and money laundering

The mayor of Sabana Grande, Puerto Rico, Miguel Ortiz, has been indicted and arrested for his participation in a conspiracy to “steal federal funds involving fraudulently obtained contracts” from the island’s Education Department, U.S. Attorney Rosa Emilia Rodríguez Vélez,...

Ex-Delgado official charged with taking student bribes for financial aid eligibility

A former financial aid officer at Delgado Community College in New Orleans was charged this week with soliciting and accepting bribes from three students to ensure they were deemed eligible for financial aid. Davin Thomas, 32, who lives and coaches...

Credit Suisse to Pay $77 Million to Settle Bribery Case

Credit Suisse Group AG reached a $77 million settlement Thursday of charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials. The Securities and Exchange Commission issued the order against Credit Suisse under the Foreign Corrupt Practices...

Timeline: Danske Bank Money Laundering Scandal

Danske Bank DANSKE.CO is embroiled in a money laundering scandal that has triggered criminal investigations, forced out its CEO and chairman and rattled investors in Denmark's largest bank. An internal investigation, published in September, charted how 200 billion euro ($229 billion) flowed...

Brazilian ex-billionaire Batista sentenced to 30 years in jail for bribery

Brazilian Eike Batista, the former oil and mining billionaire who lost his fortune and spent time in jail last year for alleged corruption, will have to hang about behind bars for the next 30 years. After a corruption trial, the outspoken entrepreneur...

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