Corporate crime

Prosecutor Anne Leiding informs the media about the "latest developments" in their Wirecard probe during a statement in Munich, Germany, Wednesday, July 22, 2020. Wirecard AG had repeated contact with Angela Merkel's chancellery in the months before its collapse, according to a chronology of events by her office. (AP Photo/Matthias Schrader)
July 22, 2020 - 9:26 am
BERLIN (AP) — Two more former executives at bankrupt German payment company Wirecard were arrested on Wednesday in the fraud scandal that brought down the one-time tech star and its former CEO was taken back into custody after the case against him was expanded, prosecutors said. The two newly...
Read More
July 21, 2020 - 3:33 pm
PROVIDENCE, R.I. (AP) — A California company and its CEO are facing conspiracy, money laundering and other federal charges for allegedly attempting to illegally export chemicals to a Chinese company with military ties, federal prosecutors said. U.S. Attorney for Rhode Island Aaron Weisman said Tao...
Read More
July 09, 2020 - 10:09 am
LONDON (AP) — Privacy watchdogs in Britain and Australia have opened a joint investigation into facial recognition company Clearview AI over its use of personal data “scraped” off social media platforms and other websites. Thursday's announcement by the U.K.'s Information Commissioner’s Office and...
Read More
July 02, 2020 - 4:27 pm
DOVER, Del. (AP) — A Superior Court judge has ordered an Arkansas poultry processing company and two Delaware subsidiaries to pay more than $28,000 in sanctions for repeatedly refusing to provide information to plaintiffs suing the company over wastewater violations in southern Delaware. The judge...
Read More
File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 01, 2020 - 4:04 am
BERLIN (AP) — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to the arrest of the company's longtime CEO and forced the firm to file for bankruptcy protection. Twelve...
Read More
June 30, 2020 - 12:20 pm
RIO DE JANEIRO (AP) — The governor of Brazil’s Amazonas state was targeted by a police raid on Tuesday over allegations of corruption related to COVID-19 spending. Federal police ordered the preventive detention of eight people and raided more than a dozen addresses of people linked to Gov. Wilson...
Read More
June 26, 2020 - 7:19 pm
SAN JOSE, Calif. (AP) — A federal judge has convicted a Chinese national of economic espionage, stealing trade secrets and engaging in a conspiracy for the benefit of his country's government. U.S. District Judge Edward Davila found Hao Zhang, 41, guilty of the three counts Friday after a four-day...
Read More
FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)
June 25, 2020 - 7:40 am
FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate titans. Some...
Read More
June 24, 2020 - 4:31 pm
ATLANTA (AP) — A reality television star who appeared on the show “Love & Hip Hop: Atlanta” was indicted Wednesday for allegedly using coronavirus relief funds intended to help small businesses survive to pay for luxuries such as a Rolls-Royce and custom jewelry, federal officials said. In a...
Read More
FILE - In this Thursday, April 25, 2019 file photo, Markus Braun, CEO of financial services company wirecard, attends the earnings press conference in Munich, Germany. Prosecutors in Germany say that the former CEO of the payments company Wirecard has been arrested in an accounting scandal that centers on a missing sum of 1.9 billion euros, or 2.1 billion dollars. Markus Braun resigned on Friday after the company disclosed that auditors couldn't find accounts containing the money.(AP Photo/Matthias Schrader, file)
June 24, 2020 - 3:02 pm
FRANKFURT, Germany (AP) — An accounting scandal at one of Germany’s fastest-growing blue-chip companies has raised doubts about the national financial watchdog and, coming on top of other high-profile cases of fraud, led to questions about the country’s ability to oversee its corporate titans. Some...
Read More

Pages