Thursday, December 9, 2021

U.S

Och-Ziff agrees $29 million shareholder accord over Africa bribery probes

Och-Ziff Capital Management Group LLC (OZM.N) has reached a $28.75 million class-action settlement with shareholders who said the company misled them about U.S. probes into its involvement in alleged bribery in five African countries. The settlement with one of the largest...

Mychal Kendricks pleads guilty to insider trading

Four years ago, Mychal Kendricks was involved in insider trading during his time with the Philadelphia Eagles. The linebacker admitted as much in a statement Wednesday after he received federal charges for a scheme that reportedly netted Kendricks and Black-ish writer Damilare Sonoiki nearly $1.2 million. On Thursday,...

Eleven face charges in marijuana-linked money laundering scheme

Federal prosecutors say a group of people worked together to launder more than $2 million in drug money from shipping a ton of marijuana from California to warehouses in Lake and Cuyahoga counties. Those charged include: Aaron Eisenberg, 39, of...

Ex-Reading mayor guilty of all counts in bribery trial

The jury in Vaughn Spencer's federal bribery trial has found the former Reading mayor guilty of all charges in a case of pay-to-play politics that rocked City Hall. The jurors announced their verdict in federal court in Philadelphia shortly after...

Former Fiat Chrysler official gets 5½ years in union bribery case

A former Fiat Chrysler executive was sentenced to 5½ years in federal prison Monday in a scheme to curry favor with union officials by showering them with cash and gifts. Former head of labor relations Alphons Iacobelli admitted that he...

SEC fines Legg Mason funds for Libyan bribery scheme

Federal regulators slapped fund giant Legg Mason with a $32.6 million fine for “paying bribes” to Libyan officials under dictator Muammar Gaddafi — the latest Wall Street firm ensnared in a probe into bribes of the terrorist regime. In the...

Former City of Cleveland Chief of Demolition Department Federally Charged for Bribery

Rufus Taylor, the ex-Chief of the City of Cleveland's Demolition Bureau, was today charged in federal court with soliciting and accepting a series of bribes from 2013 through 2016 from two contractors. Taylor, as the Feds laid out in today's...

Ex-Julius Baer executive pleads guilty in billion-dollar money laundering scheme

A former Julius Baer Group wealth manager admitted to participating in a billion-dollar scheme to launder money embezzled from Venezuela's state-owned oil company, less than a month after he was arrested for his alleged role in the plot. Matthias Krull,...

Former Knight Oil Tools executive pleads guilty to bribery, corruption

Mark Knight, 61, pleaded guilty Monday to charges of public bribery and corrupt influencing, the 15th Judicial District Attorney's Office announced. Knight was charged with having a Lafayette Parish sheriff's deputy and Louisiana State Police trooper arrange the arrest of...

Retired NYPD Lieutenant Pleads Guilty to Bribery Conspiracy in Connection With Alleged Gun License Scheme

Retired NYPD Lt. Paul Dean, 44, once the second in command of the NYPD’s License Division, pleaded guilty in Manhattan federal court Wednesday to participating in a scam to expedite gun permit requests in return for paid vacations, food,...

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