Bribery, Fraud & Tax Evasion
As Bank of America's board meets next week, shareholders have turned up the pressure on CEO Kenneth D. Lewis. Their scrutiny has also turned an unusual spotlight on the oversight role played by the bank's board members.
A key witness has admitted under oath that he lied on behalf of Chevron, the California oil multinational, when the company sued to overturn a $9.5 billion verdict for pollution of the Ecuadorian Amazon.
Fresh from settling a lawsuit over last year's fatal explosion at its Texas City oil refinery, BP looks set to become embroiled in a legal battle in Alaska over royalties paid on oil production in Prudhoe Bay.
The investigation into the corruption scandal at Volkswagen, Europe's biggest carmaker, tightened today with the arrest of Klaus Volkert, the firm's former head of the works council.
New York Atty. Gen. Eliot Spitzer said Monday that federal regulators were negotiating behind his back with radio station groups to settle allegations of illegal payments for airplay, potentially helping the companies avoid serious punishment.
US anti-bribery investigators are targeting a former Halliburton subsidiary over its work on a key Royal Dutch Shell project in Nigeria, widening a corruption probe into the country's troubled oil industry.
Americans know that corporate excess is about more than flawed accounting. It corrupts democracy, drives a wedge between rich and poor, degrades the environment, and disrupts communities. So what might we the people do?
While the nation's economy flounders, business is booming for The GEO Group Inc., a private prison firm paid millions by the U.S. government. Behind the financial success and expansion of the for-profit security company, there are increasing charges of negligence, civil rights violations, abuse and even death.