Category: corporate corruption

NEW YORK (AP) — The top legal adviser to New York City Mayor Eric Adams resigned abruptly over the weekend, the latest sign of instability in the Democrat’s administration as it deals with multiple federal investigations. City Hall announced Lisa Zornberg’s departure late Saturday night. She had advised Adams and other city officials on legal strategy for over a year and often parried legal questions from the press on his behalf. She was not his personal lawyer. “It has been…

The founder and chief executive officer of the messaging service Telegram was detained at a Paris airport on an arrest warrant alleging his platform has been used for money laundering, drug trafficking and other offences, French media reported Sunday. Pavel Durov, a dual citizen of France and Russia, was arrested at Paris-Le Bourget Airport on Saturday evening after landing in France from Azerbaijan, according to broadcasters LCI and TF1. Investigators from the National Anti-Fraud Office, attached to the French customs…

NEW YORK, August 26. /TASS/. French authorities have ‘crossed a red line’ after they decided to detain Telegram messenger founder Pavel Durov, Chris Pavlovski, the CEO of Rumble online video platform, said on Monday. “France has threatened Rumble, and now they have crossed a red line by arresting Telegram’s CEO, Pavel Durov, reportedly for not censoring speech,” Pavlovski wrote on his X social network account. “Rumble will not stand for this behavior and will use every legal means available to…

The Justice Department announced today that it has opened an investigation into the conditions at Trousdale Turner Correctional Center, a Tennessee Department of Correction facility operated by the private correctional management company CoreCivic. Trousdale Turner, located approximately an hour outside of Nashville, is Tennessee’s largest correctional facility. Based on an extensive review of publicly available information and information gathered from stakeholders, the department has found significant justification to open this investigation, including state audits that have flagged dangerous understaffing and…

Former U.S. Rep. George Santos is due in court Monday afternoon, where a person familiar with the matter has said the New York Republican is expected to plead guilty to multiple counts in his federal fraud case. The person could not publicly discuss details of the plea and spoke to The Associated Press on condition of anonymity. Santos and his attorneys did not return requests for comment. The case has been set to go to trial early next month. The…

OFSI has updated General Licence INT/2022/1280876 which permits certain UK, EU and Guernsey subsidiaries of VTB and Sberbank (Russian banks) to make payment for basic needs, reasonable fees or service charges arising from routine holding and maintenance of its frozen funds and the payment of legal fees and insolvency-related services. § 5.2 of the GL has been amended to change the Insolvency Proceedings that apply to EU subsidiary, OWH SE. All UK GLs are on the UK Licensing.

A dual citizen of the United States and Ghana will make his initial appearance today in the Eastern District of New York to face charges related to his participation in a scheme to bribe Ghanaian officials to obtain and retain business from the Republic of Ghana. Asante Kwaku Berko, 50, was extradited yesterday from the United Kingdom to the United States. According to court documents, between December 2014 and March 2017, Berko, an executive director in the Investment Banking Division…

(Reuters) – Similac baby formula maker Abbott is expected to face a trial on Monday over claims that its formula for preterm infants used in neonatal intensive care units causes a potentially deadly bowel disease, the second trial out of hundreds of similar lawsuits in the United States. Lawyers for the company and for Illinois resident Margo Gill will make their opening statements to jurors in St. Louis, Missouri, and the trial is expected to last most of the rest…

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s Justice Department announced Tuesday that it is suing at least 30 ex-government officials accused of corruption to recover more than $30 million in public funds. Among those sued are three former legislators, including María Milagros Charbonier, who was sentenced in May to eight years in federal prison after being found guilty of theft, bribery and a kickback scheme. “We are going to recover the Puerto Rican people’s money and claim an amount…

MOSCOW (Reuters) -Russia-China trade options have narrowed since the U.S. imposed sanctions last week on the only Russian bank branch in China, but President Vladimir Putin’s Chinese visit last month has helped ensure the two countries have payment alternatives for now, three sources said. Since Putin’s visit, specially authorised banks have been set up in border regions which allow Russian firms to open non-resident accounts (NRA) with Chinese banks, a step that has become more important since VTB’s Shanghai branch…

USS Helena, a Los Angeles-class boat, arrived on Thursday for a “routine port visit,” the US Southern Command said in a statement.  “The vessel’s location and transit were previously planned,” SOUTHCOM added, noting that the Helena is “conducting its global maritime security and national defense mission.” AP described the submarine’s arrival as “a show of force” by Washington, in response to the presence of Russian ships so close to US shores. A four-vessel task force of the Russian Navy’s Northern…

The Warsaw-based facility will detect “deceptive narratives” on the Ukraine conflict, the US State Department has said. The United States and Poland have launched an international group based in Warsaw to counter what they describe as Russian disinformation on the Ukraine conflict, the US State Department has announced. The Ukraine Communications Group (UCG) is designed to detect “deceptive narratives” from Russia targeting Kiev and “amplify Ukrainian voices,” the State Department said in a statement on Monday. James Rubin, the head…

Johnson & Johnson has agreed to pay $700m to settle lawsuits in the United States that accused the pharmaceutical giant of deceiving customers about the safety of its talcum-based powder products. J&J’s payout resolves an investigation by more than 40 US states into the marketing of baby powder and other talc-based products that contained traces of cancer-causing asbestos. “Targeting communities with cosmetic products that contain dangerous substances is not just illegal, it is very cruel,” New York Attorney General Letitia…

NEW YORK – Terraform Labs and its co-founder Do Kwon will pay US$4.47 billion (S$6 billion) to resolve a US Securities and Exchange Commission (SEC) lawsuit over the company’s 2022 collapse, which wiped out US$40 billion in investor assets and shook the cryptocurrency world. The SEC on June 12 asked a federal judge in New York to approve the settlement. The deal was reached after a jury in April found Terraform and Kwon liable for fraud following a two-week civil…

The lead manager in a funds scandal that led to a $6bn settlement between Germany’s Allianz and US authorities has pleaded guilty to investment adviser fraud, two years after two other managers pleaded guilty for their roles in the scheme. The scandal at one of its US asset management units rocked Allianz, one of the world’s biggest insurance groups, casting doubt over its control functions and triggering an apology from its chief executive. Gregoire Tournant pleaded guilty on Friday to…

WASHINGTON – Federal regulators have reached a deal that allows them to proceed with antitrust investigations into the dominant roles that Microsoft, OpenAI and Nvidia play in the artificial intelligence industry, in the strongest sign of how regulatory scrutiny into the powerful technology has escalated. The Justice Department and the Federal Trade Commission struck the deal over the past week, and it is expected to be completed in the coming days, according to two people with knowledge of the matter,…