Thursday, October 28, 2021

financial crime

Baltimore County Police officer accused of accepting bribes in exchange for handgun licenses

Indicted Tuesday by a federal grand jury, a Baltimore County Police officer faces six counts of honest services wire fraud for allegedly accepting cash payments to certify people to own and operate handguns without completing the required training. William R....

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...

Real estate investor pleaded guilty to bribing Taylor Mayor Rick Sollars

A real estate investor pleaded guilty Friday to bribing the mayor of Taylor with cash, appliances and home upgrades in exchange for getting dozens of foreclosed properties. Shady Awad replied "yes" when a judge recited the payoffs and asked if...

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”...

Former San Francisco Public Utilities Commission GM Harlan Kelly faces additional bank fraud charges

Former San Francisco Public Utilities Commission (SFPUC) General Manager Harlan Kelly is now facing additional charges of bank fraud in the bribery and corruption scandal that forced him to resign his post, last November. A federal indictment, filed Tuesday, alleges...

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,...

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Baltimore County Police officer accused of accepting bribes in exchange for handgun licenses

Indicted Tuesday by a federal grand jury, a Baltimore County Police officer faces six counts of honest services wire...