Tag

Corporate Crime

All articles tagged with #corporate crime

world-news1 month ago•77 min saved

Hong Kong charges seven people and two firms in deadly 168-death apartment fire tied to renovation fraud

Hong Kong authorities charged seven individuals and two companies in connection with the Wang Fuk Court apartment fire that killed 168 people, alleging a broader fraud network tied to a HK$300 million renovation contract and deceptive practices around inspections and bids. Police said 35 people have been arrested during the probe, and investigations into the renovation scheme and its links to the deadly blaze are ongoing.

via AP News|

#corporate-crime #fires #hong-kong

politics1 month ago•21 min saved

Trump pardons former Indiana congressman in insider-trading case amid GOP pushback

President Trump issued a full pardon for Steve Buyer, a former Indiana GOP congressman convicted in 2023 of insider trading, following appeals from fellow Republicans who claimed his case reflected weaponized justice; Buyer allegedly profited more than $300,000 from illegal trades.

via The Washington Post|

#corporate-crime #donald-trump #fraud

technology1 month ago•18 min saved

Google engineer charged with insider-trading tied to Polymarket bets

A Google software engineer allegedly used confidential company information to place a string of bets on the Polymarket prediction market, earning about $1.2 million, according to a DOJ criminal complaint; the account involved was named AlphaRacoon.

via The Washington Post|

#corporate-crime #fraud #google

business1 month ago•14 min saved

Adani Fraud Charges Dropped by U.S. Authorities

The U.S. has dropped fraud charges against Gautam Adani, chairman of the Adani Group, effectively ending the criminal investigation and shifting focus to regulatory and market implications for the conglomerate.

via AP News|

#adani-group #business #corporate-crime

corporate-crime2 years ago•2 min saved

"Boeing Whistleblower's Mysterious Death Amid Depositions"

Boeing whistleblower John Barnett was found dead in his truck at a hotel in Charleston, South Carolina after a break in depositions in a whistleblower retaliation lawsuit. Barnett, who had been with Boeing for almost three decades, had been speaking out about production issues and alleged pressure to bypass procedures at Boeing's plant in Charleston. His lawyer reported that Barnett was found dead from an "alleged" self-inflicted gunshot, raising questions and concerns about the circumstances surrounding his death.

via Corporate Crime Reporter|

#boeing #charleston #corporate-crime

corporate-crime2 years ago•4 min saved

eBay Inc. Fined $3 Million for Cyberstalking Campaign Targeting Couple

eBay Inc. has agreed to pay a $3 million criminal penalty for a 2019 harassment and intimidation campaign targeting a Massachusetts couple in retaliation for their online coverage of eBay, and for obstructing the investigation that followed. The company admitted to the conduct and will be required to retain an independent corporate compliance monitor for three years and make extensive enhancements to its compliance program. Seven former eBay employees or contractors have been convicted, with the ringleader sentenced to 57 months in federal prison.

via Department of Justice|

#corporate-crime #criminal-penalty #cyberstalking