Crime Racketeering

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  • SAO PAULO, Dec 14- Brazilian prosecutors on Monday charged Jose Carlos Bumlai, a friend of former President Luiz Inacio Lula da Silva, with taking out a fraudulent loan from Schahin bank that they allege benefited the ruling Workers' Party. "Jose Carlos Bumlai was an operator for a political party, an operator for the Workers' Party," lead prosecutor Deltan Dallagnol...

  • SAO PAULO, Sept 21- A massive corruption and political kickback scheme at Brazil's state-run oil company Petrobras started with former president Luiz Inacio Lula da Silva's chief of staff, a lead prosecutor said on Monday. Prosecutor Carlos Fernando dos Santos Lima said the bribery scheme at Petroleo Brasileiro SA, as Petrobras is formally known, had the same...

  • RIO DE JANEIRO/ NEW YORK, Aug 18- Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo Brasileiro SA, as the company is formally known, expects to face the largest penalties...

  • Chesapeake Energy charged with alleged fraud Thursday, 5 Jun 2014 | 2:23 PM ET

    Michigan's AG filed felony racketeering and fraud claims against Chesapeake Energy, alleging the firm canceled land leases under false pretenses.

  • Former Detroit mayor gets 28-year prison sentence Thursday, 10 Oct 2013 | 4:32 PM ET
    Detroit Mayor Kwame Kilpatrick reads a statement September 4, 2008 at his office in Detroit, Michigan.

    Former Detroit Mayor Kwame Kilpatrick was sentenced to 28 years in jail for corruption and fraud that added to the Motor City's fiscal woes.