Saturday, September 18, 2021

financial crime

San Francisco trash disposal company fined $36m for bribery

The trash disposal companies that serve San Francisco have agreed to pay a $36 million criminal penalty for their role in a wide-ranging federal public corruption probe involving the city’s former public works director. The three subsidiaries of Recology Inc....

Prince Charles’ charity investigated over donations from Russian banker

A Scottish regulator said it was investigating one of Prince Charles' charities after a UK newspaper reported that a Russian banker had tried to donate a six-figure sum to the future king's foundation. The Sunday Times reported that Prince Charles...

Former Tallahassee Mayor Scott Maddox sentenced to five years in prison for fraud

Former city commissioner who once ran the Florida Democratic Party was sentenced to five years in federal prison for taking money from Uber and undercover FBI agents in exchange for his influence. Former Tallahassee Commissioner Scott Maddox pleaded guilty in...

Former Kansas state Rep. Michael Capps charged with COVID relief fraud

A federal grand jury on Thursday indicted former Kansas state Rep. Michael Capps on 19 counts alleging that he tried to defraud federal, state and county government organizations out of more than $450,000 in coronavirus relief funding. The U.S. Attorney’s...

China Development Bank senior executive detained in corruption probe

China’s top anti-corruption agency has detained a senior banker from a leading policy bank for investigation, it said. The Communist Party’s Central Commission for Discipline Inspection (CCDI) said on Thursday that He Xingxiang, vice-president of China Development Bank (CDB) and a...

US charges ex-Ericsson employee in bribery case

U.S. authorities on Wednesday charged a former employee of Swedish telecommunications equipment maker Ericsson (ERICb.ST) with scheming to bribe Djibouti government officials in order to win business with a state-owned telecommunications company. The U.S. Department of Justice said Afework Bereket,...

German prosecutors raided finance, justice ministries in money laundering probe

German prosecutors raided the finance and justice ministries on Thursday as part of an investigation into the government’s anti-money laundering agency, putting a spotlight on Germany's failings in tackling financial crime. The probe into the Financial Intelligence Unit, an agency...

Two execs of Spine implant firm SpineFrontier charged with kickback scheme

Two executives of Massachusetts spinal implant company SpineFrontier Inc were arrested Tuesday on charges of bribing surgeons to use their products by paying them sham consulting fees, federal prosecutors announced. SpineFrontier founder and chief executive officer Kingsley Chin, 57, of...

Armenia ex-Prosecutor General accused of bribery, embezzlement

The Special Investigation Service of Armenia has detained ex-Prosecutor General and the former head of the Investigative Committee Aghvan Hovsepyan. According to evidence obtained by the Special Investigation Service, Hovsepyan, while holding the position of the Prosecutor General from March 18,...

Georgia district attorney Mark Jones indicted on bribery charges

A district attorney in Georgia on Tuesday was indicted on charges of bribery and misconduct that occurred while in office. Chattahoochee Circuit District Attorney Mark Jones was indicted by a grand jury on nine charges, including bribery, influencing witnesses and violation of...

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Kenyan court sentenced former sports minister to six years for corruption

A Kenyan court on Thursday sentenced a former sports minister to six years in prison after finding him guilty...