BRASILIA, July 4- Brazil's federal police served five arrest warrants and conducted search and seizure operations in three states on Monday, in the latest round of a sweeping corruption probe around state-run oil firm Petroleo Brasileiro SA. Part of the funds allegedly embezzled were directed to the leftist Workers Party, the ruling party in Brazil from 2003... » Read More
NEW YORK, March 31- A former executive pf QBE Insurance Group was sentenced on Thursday to 1-1/ 2 years in prison for conspiring to embezzle $2.6 million from the insurance company, some of which he used to buy a house and luxury vehicles. Shea, who was also ordered to forfeit $1.81 million and jointly with a co-defendant pay $2.65 million in restitution to QBE, in...
Federal prosecutors say a horse breeder, who was the comptroller of Dixon, Ill., stole more than $30 million from the town since 2006.
Some celebrities, including Lauryn Hill, fell out of good standing with the IRS, and paid dearly for it. Read ahead to see some of the celebrities who just didn’t get that return in on time.
In China, courses such as the 36-hole Qinghe Bay Country Sports Club, located within view of the Olympic Bird’s Nest stadium in Beijing, reflect surging private fortunes. But facilities such as this have also become a potent symbol of the hypocrisy and corruption inherent in Communist party rule. The FT reports.
China’s high-speed railway system, the largest-ever transportation infrastructure project in history, is presenting opportunities for global investors, says Jerry Lou, China Strategist at Morgan Stanley.
Lenny Dykstra, an outfielder for the New York Mets and Philadelphia Phillies known by the nickname "Nails," has been indicted for bankruptcy fraud and embezzlement from the bankruptcy estate.
Investigators have found evidence that nearly $30 million of funds budgeted for China’s Beijing-Shanghai high-speed rail line was misappropriated last year, in another blow to the country’s scandal-plagued high-speed rail sector. The FT reports.