Thursday, October 28, 2021

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Former USC dean pleads not guilty in bribery case involving LA councilman Mark Ridley-Thomas

The former USC dean who is accused of paying bribes to secure millions of dollars in Los Angeles County contracts for the university pleaded not guilty Monday to federal criminal charges in the latest scandal to hit USC. Marilyn Louise...

Former Georgetown tennis coach pleads guilty in college admissions bribery scandal

A former Georgetown University tennis coach pleaded guilty Monday in Boston federal court in the college admissions bribery case. Gordon Ernst was accused of accepting more than $2 million to help the children of wealthy parents get into the school...

Credit Suisse to pay $475 million in Mozambique bribery scandal

Credit Suisse has been fined nearly £350m by global regulators, pleaded guilty to wire fraud, and agreed to forgive hundreds of millions of dollars worth of debt owed by Mozambique in an attempt to draw a line under the long-running “tuna bonds”...

Slovak central bank governor Peter Kazimir charged with bribery

Slovak central bank governor Peter Kazimir has been charged with bribery, his lawyer confirmed to Reuters on Tuesday, adding that he denies the charges. Kazimir, who also sits on the European Central Bank governing council, is the most high-profile figure...

Honeywell set aside $160 million to settle bribery probes in U.S., Brazil

Aerospace and industrial conglomerate Honeywell International Inc. said on Friday it has recorded a charge of $160 million to cover an expected loss related to bribery investigations by U.S. and Brazilian authorities. The Charlotte, N.C.-based company, which first disclosed the probes in 2019, is...

Malta fines NBG Bank over money-laundering breaches

A Malta-based bank has been fined €337,422 for a series of money laundering regulations breaches, including weak oversight over a “very well-known” businessman’s multi-million US Dollar transactions. In an announcement made on October 19, the Financial Intelligence Analysis Unit said that...

Former Boston Grand Prix CFO pleads guilty to fraud, money laundering

The former chief financial officer of the ill-fated Boston Grand Prix pleaded guilty in federal court in Boston Thursday to more than 30 charges related to schemes to defraud equipment providers, small business financing firms, and the federal government,...

Nebraska Rep. Jeff Fortenberry indicted for lying to FBI about campaign contributions

Rep. Jeff Fortenberry, R-Neb., was charged on Tuesday with lying to the FBI about contributions to his 2016 re-election campaign to him from a Lebanese-Nigerian billionaire. A federal grand jury in Los Angeles indicted Fortenberry, 60, on one count of "scheming to...

Alex Saab, ally of Venezuela’s President Maduro extradited to US

A fugitive businessman accused of acting as a money launderer for Venezuelan President Nicolas Maduro's regime was extradited Saturday (Oct 16) to the United States from Cape Verde, his legal team told AFP. Manuel Pinto Monteiro, a lawyer for Saab...

Former Wake Forest volleyball coach offered $50,000 fine to drop charges in college admissions scandal

Federal prosecutors have promised to drop their case against a former Wake Forest University coach charged in the college admissions bribery scandal if he pays a $50,000 fine and follows certain conditions, according to court documents unsealed Tuesday. A deferred...

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