Monday, July 26, 2021

U.S

Ex-CEO of social media startup admits to defrauding investors using forged documents

The former chief executive of a social media startup that pitched itself as a Facebook for small businesses has pleaded guilty to swindling investors using forged documents claiming a “Shark Tank” investor was a backer and that e-commerce platform...

Deutsche Bank accused of enabling fraudulent investments scheme

Deutsche Bank AG is accused of turning a blind eye to a years-long Ponzi scheme that involved fraudulent investments in Florida, expanding the growing list of legal and compliance headaches for Chief Executive Officer Christian Sewing. Liquidators of two now-bankrupt Cayman Islands investment...

Former Richardson Mayor and developer husband convicted for bribery and tax evasion

Former Richardson Mayor Laura Maczka, now Laura Jordan, and her developer husband Mark Jordan, were found guilty Friday, July 23 of bribery and tax evasion. The federal jury found them not guilty on conspiracy to commit wire fraud and honest...

FirstEnergy agrees $230m settlement for role in Ohio bribery case

The energy giant at the center of a $60 million bribery scheme in Ohio admitted Thursday to new details of its role in the conspiracy as part of a deal with federal prosecutors, including how it used dark money...

Former Georgia insurance commissioner Jim Beck convicted in $2.5m embezzlement case

It took less than two hours Thursday for jurors to decide that Georgia’s suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2.5 million...

US DoJ probes commodity trader Freepoint over alleged bribe payments

The U.S. Justice Department is investigating Connecticut-based trading house Freepoint Commodities over whether payments to employees of Brazil’s state-run oil company broke U.S. laws, two sources with knowledge of the matter told Reuters this week. The criminal probe, which is...

US bars Honduran ex-president Lobo, family over alleged corruption

The United States has blocked former Honduran President Porfirio Lobo Sosa and his immediate family from travel to the US, alleging that he accepted bribes from drug traffickers, the US State Department announced on Tuesday. “While in office, President Lobo...

US DoJ charges Tom Barrack with acting as agent of UAE

Tom Barrack, who chaired former President Donald Trump’s 2017 inaugural committee, was arrested Tuesday on charges that he unlawfully influenced the foreign policy positions of the campaign and administration to advance the interests of the United Arab Emirates, the Department...

Chicago banker convicted in bribery scheme linked to Paul Manafort

A Chicago banker who arranged $16 million in loans for former Trump campaign chairman Paul Manafort was found guilty Tuesday on charges of seeking to trade the loans for positions on the Trump campaign and in the Trump administration. A...

Former California cop to plead guilty to taking bribes to escort illegal drug shipments

A former Montebello police officer has agreed to plead guilty to accepting at least $14,000 in bribes to escort illegal drug shipments and access federal databases, enabling a gang member to remain under the radar of law enforcement. Documents filed...

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