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Crime Corporate Fraud

  • Among the payments Watkins Brashear received were $260,000 in cash from a partner of the watershed corporation's special project manager and $177,000 from an internet research consultant. The 2014 state auditor's report said Watkins Brashear wrote dozens of checks to herself totaling about $200,000, which the corporation couldn't justify, and received...

  • WASHINGTON, Sept 21- The U.S. Commodity Futures Trading Commission has filed civil fraud charges against a New York man and his company over an alleged Bitcoin investment scheme, the agency said in a statement on Thursday. The CFTC said it had charged Nicholas Gelfman and Gelfman Blueprint Inc with fraud, misappropriation and issuing false account statements...

  • NEW YORK, Sept 19- A former partner and part-owner of Mexico's InvestaBank SA pleaded guilty on Tuesday to a U.S. charge that he and others fraudulently obtained $21 million in tax refunds from the Mexican government. The deal includes an order that Djemal forfeit $21 million, and he agreed to sell a mural in his Mexico home to help make that payment.

  • NEWARK, N.J.— A New Jersey man accused of trying to sell trade secrets while working for a company that distributes "As Seen On TV" products has pleaded guilty to wire fraud. The 38- year-old West Long Branch man faces up to 20 years in prison when he's sentenced in January. Authorities say Mandil offered to give up his employer's business information to federal...

  • NEW YORK, Sept 18- A Peruvian man was sentenced to 12 years in prison on Monday after he pleaded guilty to U.S. charges of defrauding investors out of more than $1.2 million, using a video pitch that featured the Trump Building in downtown Manhattan, where he had an office. Pedro Jaramillo, 49, was sentenced by U.S. District Judge Laura Taylor Swain in Manhattan,...

  • VIENNA, Sept 18- Airbus denied any wrongdoing in a submission on Monday to Austrian prosecutors investigating allegations of fraud and wilful deception over a $2 billion fighter deal and threatened the country's defense minister with legal action. Europe's largest aerospace company, which has repeatedly denied the allegations, said Austria's Defence...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • VIENNA, Sept 18- Airbus has filed a legal submission to Austrian prosecutors denying any wrongdoing in response to allegations of fraud and wilful deception linked to a $2 billion fighter deal. Vienna prosecutors are investigating Airbus, the Eurofighter consortium and individuals including Airbus chief Tom Enders following a legal complaint from the...

  • PARIS/ LONDON, Sept 15- Airbus faces years of investigation by French and UK authorities into allegations of corruption over jet sales, people familiar with the case said on Friday, playing down a newspaper report of a potentially rapid settlement. The report quoted a source close to Britain's Serious Fraud Office as saying SFO head David Green hoped to agree a...

  • PARIS/ LONDON, Sept 15- A newspaper said Airbus could face a "1 billion pound-plus" fine from British and French prosecutors over corruption allegations, but people familiar with the case said it was premature to talk about a settlement in an inquiry expected to drag on for years. It quoted a source close to Britain's Serious Fraud Office as saying SFO head David...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive offered a $5,000 reward for a strand of Hillary Clinton's hair. He had been free on a $5 million bail since his December 2015 arrest. District Judge Kiyo Matsumoto ruled that...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company offered a $5,000 reward for a strand of Hillary Clinton's hair. Shkreli, who had been free on $5 million bail since his December 2015 arrest, was silent and stony-faced as U.S. marshals led out...

  • NEW YORK— The Latest on former pharmaceuticals company CEO Martin Shkreli:. A defense attorney says he's disappointed in a judge's decision to revoke bail for former pharmaceuticals company CEO Martin Shkreli and jail him in New York while he awaits sentencing in a securities fraud case. A judge who revoked the bail of former pharmaceuticals company CEO...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive nicknamed the "Pharma Bro" offered a $5,000 reward for a strand of Hillary Clinton's hair. District Judge Kiyo Matsumoto in Brooklyn said the Sept. 4 post, which prompted a call from...

  • BEIJING— The founder of a Chinese online peer-to-peer lender has been sentenced to life in prison on charges he defrauded investors of $7.7 billion in one of China's biggest financial scams. 1 Intermediate People's Court for "fundraising fraud," according to the official Xinhua News Agency. Two companies affiliated with Ezubo were fined a total of 1.9 billion...

  • NEW YORK— A judge jailed former pharmaceuticals company CEO Martin Shkreli on Wednesday after finding that he violated his bail on a securities fraud conviction with a social media posting she agreed posed a threat to Hillary Clinton. Defense attorneys had argued at a hearing in federal court in Brooklyn that the post by Shkreli, offering a $5,000 bounty to...

  • Sept 12- Former drug company executive Martin Shkreli on Tuesday apologized for a Facebook post that offered his followers a $5,000 reward for obtaining a strand of Hillary Clinton's hair, a post that led U.S. prosecutors to ask that he be jailed while he awaits sentencing for securities fraud. District Judge Kiyo Matsumoto, Shkreli, 34, said he did not mean to...

  • NEW YORK, Sept 12- Bitcoin "is a fraud" and will blow up, Jamie Dimon, chief executive of JPMorgan Chase& Co, said on Tuesday. Speaking at a bank investor conference in New York, Dimon said, "The currency isn't going to work. "Like it or not, people want exposure to bitcoin," Edward Tilly, chairman and CEO of exchange group CBOE Holdings Inc., said at the same conference.