Crime Corporate Fraud

  • Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi, longtime Takata executives who left the company in 2015, were indicted on wire fraud and conspiracy charges for allegedly convincing automakers to buy "faulty, inferior, non-performing, non-compliant or dangerous inflators" through false reports. Attorney Barbara McQuade in Detroit will hold a press...

  • Shinichi Tanaka, Hideo Nakajima and Tsuneo Chikaraishi, longtime Takata executives who left the company in 2015, were indicted on wire fraud and conspiracy charges for allegedly convincing automakers to buy "faulty, inferior, non-performing, non-compliant or dangerous inflators" through false reports. Attorney Barbara McQuade in Detroit will hold a press...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialog and the transmission of...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialog and the transmission of...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialogue and the transmission of...

  • BRASILIA, Jan 13- The Prosecutors General of Brazil and Peru on Friday signed an agreement to increase cooperation between the two countries in the "fight against corruption" as probes into bribery and fraud involving Brazilian companies spread to other Latin American countries where they operate. "We will establish dialogue and the transmission of...

  • PARIS— French authorities are investigating carmaker Renault for suspected fraud in its diesel emissions controls, denting the company's share price as the global fallout spreads from revelations of emissions cheating at Volkswagen. Renault insisted Friday that its cars are not equipped with pollution cheating software, and that the company complies...

  • NEW YORK, Jan 12- Japan's Takata Corp is expected to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department over its handling of air bag ruptures linked to 16 deaths worldwide, sources said. The settlement includes a $25 million criminal fine, $125 million in victim compensation and $850 million to...

  • NEW YORK, Jan 12- Japanese auto parts manufacturer Takata Corp is expected to agree to plead guilty to fraud charges as early as Friday as part of a $1 billion settlement with the U.S. Justice Department to resolve the government's investigation into deadly air bag ruptures, sources said. The settlement is also expected to include restitution to some victims and...

  • District Judge Katherine Polk Failla in Manhattan to pay a $10,000 fine and jointly with the plumber forfeit $76,000 after pleading guilty in July to conspiracy and securities fraud charges. In court, McClatchey saying he had provided the insider tips to ingratiate himself with the plumber, Gary Pusey, in hopes of getting a "simpler, less stressful" job outside...

  • Secretary-General Ban Ki- moon were charged in an indictment unsealed Tuesday with plotting to bribe a Middle East official to influence the $800 million sale of a building complex in Vietnam. Magistrate Judge Kevin Nathaniel Fox that Bahn was willing to do anything to succeed in business, including trying to pay $2.5 million in bribes to rescue the failed...

  • WASHINGTON— The IRS is delaying tax refunds for more than 40 million low-income families this year as the agency steps up efforts to fight identity theft and fraud. But a new law requires the IRS to delay tax refunds for people claiming these credits until Feb. 15. The IRS estimates that it issued $3.1 billion in fraudulent tax refunds to identity thieves in 2014.

  • NEWARK, N.J.— Prosecutors say a former union official and an insurance broker have been charged after they defrauded a health care plan of about $6.6 million. Sergio Acosta, the former president of United Auto Workers Local 2326, and broker Lawrence Ackerman, were charged Monday with conspiring to defraud Horizon Blue Cross Blue Shield and the union's own plan.

  • MIAMI/ DETROIT Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office...

  • MIAMI/ DETROIT Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions cheating and the automaker was accused of concealing the cheating from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office...

  • DETROIT, Jan 9- Volkswagen AG suffered a new setback on Monday when an executive was charged with conspiracy to defraud the United States over the company's diesel emissions scandal and the automaker was accused of concealing the scandal from regulators. Oliver Schmidt, who was general manager in charge of VW's environmental and engineering office in...

  • DETROIT— The Volkswagen executive who once was in charge of complying with U.S. emissions regulations was arrested during the weekend in Florida and accused of deceiving federal regulators about the use of special software that cheated on emissions tests. Schmidt, 48, a resident of Germany, is the second VW employee to be arrested in an ongoing federal...

  • NEW YORK, Jan 9- A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York- based hedge fund's closure last year. Jury selection is set to begin on Wednesday in Manhattan federal court in the case of Stefan Lumiere, Visium founder Jacob Gottlieb's former...

  • WASHINGTON, Jan 4- Volkswagen AG and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company's diesel emissions cheating scandal, a U.S. judge ruled on Wednesday. District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities fraud lawsuits tossed...

  • The German bank hid tax liabilities from the Internal Revenue Service in 2000.