- 3 ex-TEPCO execs to face criminal charges in nuclear crisis Updated: Jul-31-15 10:44 am
TOKYO - A Japanese judicial committee has decided that three former utility executives should face criminal charges and stand trial for their alleged negligence in the Fukushima nuclear disaster.
- Businessmen accused of defrauding investors with lies Updated: Jul-31-15 3:10 am
CAZENOVIA, New York - Two New York businessmen are accused of misleading investors by lying about the investments' prospects.
- 2 sentenced to prison for mob-controlled takeover of company Updated: Jul-30-15 6:55 pm
CAMDEN, New Jersey - Two Texas men have been sentenced to prison for their roles in a mob scheme to take control of a financial company.
- Appeals court upholds convictions in Petro America case Updated: Jul-30-15 4:34 pm
KANSAS CITY, Missouri - A federal appeals court panel has upheld the convictions of five people for bilking mostly poor investors out of millions of dollars with promises that they could become wealthy beyond their wildest dreams by spending as little as $100.
- Prosecutors ask justices to review insider trading case Updated: Jul-30-15 12:40 pm
WASHINGTON - The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading.
- Ex-software engineer gets 2 years prison for insider trading Updated: Jul-29-15 7:50 pm
NEW YORK - A former software engineer at a prominent California law firm was sentenced Wednesday to two years in prison for insider trading by a judge who noted that he should have realized the dangers of what he was doing when one of his firm's lawyers was arrested on the same charges in a separate prosecution.
- Former head of investment firm sentenced on bankruptcy fraud Updated: Jul-29-15 6:28 pm
JACKSON, Mississippi - A Ridgeland man has been sentenced to five years in federal prison after pleading guilty to one count of bankruptcy fraud.
- Investment adviser pleads guilty in $1.2B Ponzi scheme Updated: Jul-29-15 4:26 pm
FORT LAUDERDALE, Florida - An investment adviser on Wednesday become the latest of more than two dozen people to plead guilty in the $1.2 billion Ponzi scheme operated by disbarred attorney Scott Rothstein that collapsed more than five years ago.
- Judge rejects claim that bourbon was falsely advertised Updated: Jul-29-15 4:01 pm
LOUISVILLE, Kentucky - Chalk up another round for Maker's Mark distillery in fending off claims of misleading marketing for promoting its Kentucky bourbon as handmade.
- By nearly any measure, sunny South Florida is tops in fraud Updated: Jul-29-15 4:52 am
MIAMI - Psssst - Need a phony ID? A fraudulent tax refund? Insurance money from a sham car crash? Florida may have just what you're looking for.
- Mead Johnson paying $12M to settle US bribery charges Updated: Jul-28-15 3:19 pm
WASHINGTON - Mead Johnson has agreed to pay $12 million to settle federal civil charges that its Chinese subsidiary bribed hospital professionals to recommend its infant formula to new or expecting mothers who were patients.
- 2 Canadian men get 12-year sentences in Ponzi scheme Updated: Jul-28-15 2:56 pm
TORONTO - A judge has sentenced two men to 12 years in prison for one of the largest Ponzi schemes in Canadian history.
- Ex-leasing company official sentenced for cheating clients Updated: Jul-27-15 4:43 pm
TRENTON, New Jersey - A man who used his position at an office equipment leasing company to cheat clients out of more than $600,000 has been sentenced to 30 months in prison.
- Man gets prison, must pay $1.8M for tax fraud in Houston Updated: Jul-27-15 3:28 pm
HOUSTON - A Houston businessman who for more than five years skipped paying employment taxes is going to prison and must repay more than $1.8 million
- State revokes registration of broker who stole from clients Updated: Jul-26-15 1:13 pm
TRENTON, New Jersey - State officials have revoked the registration of a former securities broker who they say stole hundreds of thousands of dollars from at least eight clients.
- New Yorker rises from school teacher to FBI boss Updated: Jul-26-15 11:37 am
NEW YORK - The first Hispanic to run the FBI's largest field office almost never got there.
- NY CEO accused of defrauding investors out of $1.6 million Updated: Jul-24-15 7:13 am
CAZENOVIA, New York - A central New York business executive is accused of defrauding investors out of $1.6 million.
- CFO indicted on charges of stealing $1.6M from 3 employers Updated: Jul-23-15 8:22 pm
GREENBELT, Maryland - A man who worked as a chief financial officer for three companies has been indicted on charges of stealing $1.6 million from those companies.
- Man gets more than 6 years in prison in NC Ponzi scheme Updated: Jul-23-15 12:28 pm
CHARLOTTE, North Carolina - Authorities say a man who used money from about 25 Charlotte investors to pay for dinners, jewelry, electronics, furniture and hotel stays has been sentenced to more than six years in prison after pleading guilty last year to securities fraud.
- Prosecutors want guilty plea hearing for WVa exec in spill Updated: Jul-22-15 3:04 pm
CHARLESTON, West Virginia - Federal prosecutors want a judge to schedule a guilty plea hearing for the top executive charged in a massive chemical spill that contaminated West Virginia's biggest drinking water supply last year.
- Prosecutors want guilty plea hearing for WVa exec in spill Updated: Jul-22-15 2:47 pm
CHARLESTON, West Virginia - Federal prosecutors are asking a judge to schedule a guilty plea hearing for the top executive charged in a massive chemical spill last year.
- Hampshire County company founder pleads guilty to tax charge Updated: Jul-22-15 7:38 am
MARTINSBURG, West Virginia - The founder of a Hampshire County company faces up to three years in prison after pleading guilty to a tax charge.
- Iowa punishes companies for environmental law violations Updated: Jul-21-15 8:56 am
OSAGE, Iowa - The state Natural Resources Department has punished three companies in northern Iowa, saying they violated environmental laws.
- Man gets 28 years in prison for running $4.4M Ponzi scheme Updated: Jul-20-15 6:37 pm
DENVER - A Wheat Ridge man has been sentenced to 28 years in prison for bilking 28 investors out of $4.4 million.
- Correction: Insider Trading story Updated: Jul-20-15 12:49 pm
PHILADELPHIA - In a story July 16 about a former partner at a Philadelphia law firm being charged with insider trading, The Associated Press misspelled the man's surname. It is Sudfeld, not Sudfield.