Bribery, Fraud & Tax Evasion
Farmers in North Carolina are regretting the day that they put their trust in the Egg King - Oleg Bakhmatyuk - a billionaire agricultural investor from the Ukraine. Over 100 farmers are suing a subsidiary of his global empire for almost $10 million for reneging on chicken sales contracts.
The indictment is the first instance of a law firm with national reach facing criminal charges, and it could prove to be a fatal blow for the firm. The lawsuits cited in the indictment spanned two decades, occurring as recently as 2005, and generated some $216 million in legal fees for the firm.
An Army Reserve lieutenant colonel was arrested Thursday on charges she was part of a conspiracy to steer Iraqi reconstruction contracts to a businessman in exchange for money and gifts, including a Cadillac SUV.
Countrywide Financial made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering. So it may come as a surprise that a dozen former top Countrywide executives now stand to make millions from the home mortgage mess, buying up delinquent home mortgages that the government took over, sometimes for pennies on the dollar, at newly-formed PennyMac.
Public relations giant Omnicom has received almost a quarter of a billion dollars in contracts from the federal government for public relations work. At least one has been labeled "covert propaganda," another involved paying off a journalist and opinion-maker.
Taiwanese company AU Optronics and its U.S. subsidiary were fined $500 million by a U.S. judge for conspiring to artificially inflate the prices of liquid crystal display (LCD) screens in a verdict handed down last month. Two former AU Optronics executives were also given three-year prison sentences.
Mutual fund manager Fidelity Investments yesterday settled allegations that more than a dozen of its current and former employees, including star executive Peter Lynch, accepted such perks as sports tickets, tropical vacations and a $160,000 bachelor party from brokers seeking to win business.
Tony Clarke, looks at how Enron, the largest service provider in the world, uses its clout to shape WTO talks on cross-border trade in services.