Friday, January 21, 2022

embezzlement

UAW local official charged with embezzling $2million from the union

An official at a suburban Detroit branch of the United Auto Workers took $2 million from the union and spent it on cars, guns, luxury clothing, and gambling, federal investigators said Wednesday. Tim Edmunds, secretary-treasurer of UAW Local 412, was...

Florida medical supplier embezzles $12 million meant for masks and gloves

A Florida medical supply salesman embezzled more than $12 million he’d been given for masks and rubber gloves during the mad scramble for PPE in the early days of the COVID-19 pandemic and used it to buy a waterfront mansion,...

Former Georgia insurance commissioner Jim Beck convicted in $2.5m embezzlement case

It took less than two hours Thursday for jurors to decide that Georgia’s suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2.5 million...

Brazil’s Bitcoin Banco Group president arrested for embezzling $300m crypto funds

Claudio Oliveira, former head of Brazil-based crypto brokerage firm Bitcoin Banco Group, was arrested on Monday for embezzling $300 million worth of investors’ funds. What Happened: According to a press release from Brazil’s federal police, authorities issued arrest warrants for Oliveira and several...

Lebanon’s central bank chief, brother accused of embezzling $300 million from the bank

Switzerland’s attorney-general is investigating allegations that Lebanon’s central bank governor and his brother embezzled more than $300 million (CHF275 million) from that institution through transactions to a mysterious offshore company. “Since April 2002 at least, it appears the central bank...

Ukraine probes former officials of its central bank for suspected embezzlement

Ukrainian authorities have opened an investigation into current and former central bank officials suspected of embezzlement, the Prosecutor General’s office said on Friday. Its statement came after the Kyiv Post newspaper and other local media reported that a top central...

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...

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...

Church elder jailed for 4 years for embezzling $7.5 million in church funds

A 64-year-old Cupertino man has been sentenced to four years in prison for embezzling more than $7.5 million in donations to his church, authorities announced Friday. The sentence comes more than a year after a jury convicted Jonathan Chang on...

Former Diocese of Steubenville comptroller jailed for embezzling $300,000 in diocesan funds

The former Diocese of Steubenville comptroller who admitted fudging the books as well as his tax return has been sentenced to a year in prison and ordered to pay more than $1.3 million in restitution. David A. Franklin, 67, had...

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Ex-Detroit Councilman Andre Spivey Sentenced To Two Years In Prison For Bribery

A federal judge sentenced former Detroit City Councilman Andre Spivey on Wednesday to two years in prison for bribery, capping the first case...