Monday, January 18, 2021

financial crime

Samsung heir Jay Lee gets to two years prison sentence for bribery

Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic setback for the world’s biggest electronics company as it tries to move beyond a years-long scandal that inflamed outrage over...

Connecticut man accused of defrauding investors in beverage company

A Connecticut man has been charged with defrauding investors in an alcoholic beverage company and diverting hundreds of thousands of dollars for his personal use, federal authorities announced. Brian Hughes, 56, of Madison, is charged with seven counts of wire...

New York appeals court upholds bribery convictions of NCAA insiders

The prosecution case against three NCAA insiders who bribed families of college basketball players was a slam dunk, a federal appeals court in New York City announced Friday. In a 2-1 decision. the 2nd Circuit Court of Appeals upheld the...

UK fraud office drops bribery probe into British American Tobacco

The Serious Fraud Office today dropped its investigation into allegations of bribery at British American Tobacco’s East African operations but said it would continue assisting other law enforcement in their investigations. A whistleblower who worked for BAT for 13 years...

Rhode Island government contractor jailed for paying bribes to secure U.S Army contracts

A former government contractor was sentenced today for his role in a bribery and kickback scheme where he paid bribes to secure U.S. Army contracts. David P. Burns, Acting Assistant Attorney General of the Justice Department’s Criminal Division; Kenji M....

Mississippi pharmacy mogul gets 18 years in prison for health care fraud

A Mississippi businessman was sentenced today for his role in a multimillion-dollar scheme to defraud TRICARE, the health care benefit program serving U.S. military, veterans, and their respective family members, as well as private health care benefit programs. Wade Ashley...

Capital One fined $390 million for breaching U.S. anti-money laundering law

Credit card firm Capital One Financial Corp has been fined $390 million for engaging in what the U.S. government called willful and negligent violations of the Bank Secrecy Act, an anti-money laundering law, a Treasury Department bureau said on...

Former Japan farm minister Yoshikawa indicted on bribery charges

Former agriculture minister Takamori Yoshikawa was indicted Friday by prosecutors without arrest for alleged bribery charges, after receiving ¥5 million from the former president of Akita Foods, a Hiroshima Prefecture-based egg producer, over several years. Yoshikawa, 70, resigned as a...

Former Petrofac senior executive pleads guilty to bribery charges

The bribery scandal at Petrofac deepened last night when a former senior executive at the oil services group pleaded guilty to three offences related to $3.3 billion of work that it secured in the United Arab Emirates. The Serious Fraud...

Mexico drop corruption charges against ex-defence minister arrested in the US

The authorities in Mexico say they will bring no charges against a former top military official who was arrested in the United States last year on drug-trafficking and corruption charges, only to be sent home at the request of...

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Samsung heir Jay Lee gets to two years prison sentence for bribery

Samsung Electronics Co. heir Jay Y. Lee was sentenced to 30 months in prison over bribery charges, a dramatic...
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