Saturday, June 19, 2021

embezzlement

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...

Former directors of DC Children and Youth Investment Trust Corp charged in a fraud scheme

Edward Davies, 49, and Earl Hamilton, 50, the former executive director and director of operations and finance of the DC Children and Youth Investment Trust Corporation (“DC Trust”), have been charged with using DC Trust funds to make hundreds...

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...

Mozambique sues its former finance minister over $2 billion debt loan

Mozambique filed provisional embezzlement, money laundering and abuse of office charges on Monday against former finance minister Manuel Chang over $2 billion in state-guaranteed debt borrowed during his term in office. Chang has been in custody in South Africa since...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail term for bribery and embezzlement offences. The conservative Lee, who served as president from 2008 to...

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Former Scranton police officer pleads guilty to bribery charges for soliciting sex

Thomas McDonald plead guilty today in federal court to federal bribery charges for soliciting sex and sexual favors from...