Corporate crime

April 24, 2019 - 7:25 am
BEIJING (AP) — China's foreign ministry has complained the country is unfairly accused of stealing technology after a former General Electric Co. engineer and his Chinese business partner were charged with industrial spying. The foreign ministry said Wednesday that it had no details of the case...
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April 22, 2019 - 6:56 pm
NEW YORK (AP) — A jury was selected Monday to hear evidence in the trial of an aspiring agent and a former amateur coach charged with bribing big-school coaches to boost their business prospects with amateur basketball players. Opening statements by lawyers were scheduled to occur Tuesday morning...
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April 18, 2019 - 8:26 pm
LAS VEGAS (AP) — Two former investment executives from Japan pleaded not guilty in Las Vegas on Thursday to criminal fraud charges in what prosecutors have called a $1.5 billion international Ponzi scheme. Junzo Suzuki, 70, and his son, Paul Suzuki, 40, arrived in custody in the U.S. on Wednesday,...
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FILE - In this Jan. 19, 2017 file photo Martin Winterkorn, former CEO of the German car manufacturer 'Volkswagen', arrives for a questioning at an investigation committee of the German federal parliament in Berlin, Germany. (AP Photo/Michael Sohn, file)
April 15, 2019 - 9:42 am
FRANKFURT, Germany (AP) — German prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offenses in connection with the company's massive, multi-year effort to cheat on diesel emissions testing. Prosecutors said Monday that Winterkorn knew about the...
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The sun rises over the buildings of the banking district in Frankfurt, Germany, Thursday, April 11, 2019. (AP Photo/Michael Probst)
April 11, 2019 - 7:54 am
BERLIN (AP) — German prosecutors have searched over a dozen offices and homes across the country as part of their investigation into a massive tax fraud going back more than a decade, officials said Thursday. The scheme involved so-called cum-ex transactions in which participants would lend each...
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FILE-In this Tuesday, Feb. 21, 2017 file photo, investigator Heidi Laramie, of the N.H. Dept. of Corrections, shows a confiscated drug Suboxone, a oral narcotic film, which were found after a smuggling attempt at the New Hampshire State Prison in Concord, N.H. Federal prosecutors in Virginia filed fraud charges Tuesday, April 9, 2019 against Indivior, which makes Suboxone film strips that dissolve under the tongues of people addicted to opioids, easing their withdrawal symptoms. (AP Photo/Charles Krupa, File)
April 10, 2019 - 2:28 pm
RICHMOND, Va. (AP) — Shares in a British company that makes an opioid addiction-withdrawal drug lost about 70% of their value Wednesday after its executives were accused of lying about the product for years to boost profits. Federal prosecutors in Virginia filed fraud charges Tuesday against...
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FILE - In this May 20, 2015 file photo, Paul Murray of Santa Barbara, Calif., demonstrates with others outside Adelanto Detention Facility in Adelanto, Calif. For nearly eight years, Adelanto has joined with a private prison company and federal officials to run California's largest immigration detention facility. Now, the city of Adelanto is backing out of its contract to run the 1,900 bed facility amid complaints of shoddy conditions and inadequate medical care. But ending the deal won't necessarily shutter the center and rather, could pave the way for its expansion. (James Quigg/The Victor Valley Daily Press via AP, File)
April 08, 2019 - 7:59 pm
SANTA ANA, Calif. (AP) — A Southern California desert community has backed out of a contract for the state's largest immigration detention facility in a move that won't necessarily close its doors but rather could open them to an expansion. The city of Adelanto took steps late last month to end its...
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FILE - In this July 5, 2018 file photo, Cho Yang-ho, the chairman of Korean Air Lines Co., arrives for hearing to review the prosecution's request for an arrest warrant on charge of embezzlement at the Seoul Southern District Court in Seoul, South Korea. Korean Air says on Monday, April 8, 2019, its chairman, Cho Yang-ho, has died in the United States because of an unspecified illness. (AP Photo/Ahn Young-joon, File)
April 08, 2019 - 11:14 am
SEOUL, South Korea (AP) — Korean Air's chairman, whose leadership included scandals such as his daughter's infamous incident of "nut rage," has died due to illness, the company said Monday. Cho Yang-ho had been indicted on multiple charges, including embezzlement and tax evasion, and his death came...
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Cars are seen during an opening ceremony of the Mercedes Benz automobile assembly plant outside Moscow, Russia, Wednesday, April 3, 2019. Germany's Daimler AG has opened a new Mercedes factory in Russia, part of a 250 million euro ($281 million) investment it says will create 1,000 jobs. (AP Photo/Pavel Golovkin, Pool)
April 05, 2019 - 10:11 am
BRUSSELS (AP) — European Union authorities said Friday that German automakers BMW, Daimler and Volkswagen colluded to limit the development of emissions-cleaning technology in cars. The finding adds to the car industry's woes after Volkswagen in 2015 admitted to cheating on emissions tests in the U...
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April 04, 2019 - 9:38 pm
BOSTON (AP) — Some of the nation's top research universities are cutting ties with Chinese tech giant Huawei as the company faces allegations of bank fraud and trade theft. Colleges including the Massachusetts Institute of Technology, Princeton University and the University of California, Berkeley...
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