Friday, January 21, 2022

Trending

Former San Francisco Public Works head Mohammed Nuru pleads guilty to fraud

Mohammed Nuru, the former director of San Francisco Public Works, officially pleaded guilty Thursday to a federal fraud charge, marking perhaps the most definitive development to date in the City Hall corruption scandal that has ensnared department heads and...

Judge rejects former L.A. councilman Jose Huizar request to drop charges in corruption case

A federal judge denied Jose Huizar’s request to sharply scale back a sweeping Los Angeles City Hall corruption case, ruling Friday that prosecutors can move ahead with a trial of the former councilman on charges that include bribery and...

Airbus Investors Sue for €300 Million Over Bribery Scandal

Airbus SE is facing a 300 million euro ($340 million) lawsuit from a group of investors over allegations it failed to properly disclose a sprawling corruption scandal and subsequent settlement. The lawsuit, filed in the Netherlands, was served against the...

Estonia former interior minister detained over bribery allegations

The police on Tuesday detained a former interior minister on suspicion of bribery. The alleged bribes, totaling €100,000, were aimed at heading off bankruptcy proceedings or obtaining a favorable decision in same, potentially to the detriment of creditors. The former...

Mexico attorney general seeks up to 39 years prison for ex-Pemex boss

Mexico's attorney general has requested a prison sentence of up to 39 years for the former chief executive of state oil company Petroleos Mexicanos (Pemex) for his role in a corruption scandal, two judicial sources said on Wednesday. Emilio Lozoya...

Prestigious law firm Mishcon de Reya fined record sum for breaching money-laundering rules

Mishcon de Reya, one of the UK’s most prestigious law firms, has been fined a record amount for committing “serious breaches” of money-laundering rules. The London-based firm has agreed to pay a fine of £232,500, plus a further £50,000 towards...

Former Theranos CEO Holmes convicted of fraud and conspiracy

In a case that exposed Silicon Valley’s culture of hubris and hype, Elizabeth Holmes was convicted Monday of duping investors into believing her startup Theranos had developed a revolutionary medical device that could detect a multitude of diseases and...

Former GSK Scientist Pleads Guilty to Conspiring to Steal Trade Secrets

A third former GlaxoSmithKline scientist has admitted her guilt in a conspiracy to steal secrets from the company to benefit a company in China. In the Eastern District of Pennsylvania, Lucy Xi, 44, filed her plea on Monday. She formerly worked on...

Florida man accused of orchestrating $4.2M COVID relief fraud scheme

A South Florida man tried to obtain more than $4.2 million in COVID-19 relief funds by filing false loan applications, federal prosecutors said. Valesky Barosy, 27, made his first appearance last week in Fort Lauderdale federal court, according to court...

Swedbank ex-CEO faces fraud charges over Baltic scandal

Sweden’s Economic Crime Authority said on Tuesday it had charged former Swedbank CEO Birgitte Bonnesen with gross fraud stemming from a Baltic money laundering scandal. The 65-year-old Danish-born former CEO was also charged on a secondary count of serious market...

Latest News