Bribery, Fraud & Tax Evasion
The founder of the credit counseling firm AmeriDebt on Monday agreed to pay $35 million to settle suits filed by regulators and former customers over $172 million in allegedly hidden fees the company collected from financially strapped debtors.
Investigators probing the accounts of collapsed energy giant Enron are examining what happened to more than $5 billion in loans and investments the company made to subsidiaries kept off its balance sheet. The scale of the black hole opening up looks as if it could dwarf previous estimates.
Two years after Congress enacted the sweeping corporate-accountability act known as "SOX," corporate officials are hoping their complaints will take the teeth out of the legislation's power to regulate.
Why would "criminals" set fire to millions worth in mine equipment? How was it that these "intruders" had an estimated 3,000 people backing them up? In what appears to be a spontaneous civilian movement against Barrick Gold, the world's largest gold miner, thousands of people invaded Barrick`s North Mara Gold Mine this week in Tarime District and destroyed equipment worth $15 million.
To understand the pervasive corruption in Greek politics, it is necessary to examine the company that has probably paid the biggest bribes to both major parties: Siemens from Munich, Germany, a company with contracts in practically every ministry from culture to telecommunications.
While the Bush administration was drafting its national energy policy, a leading lobbyist for Enron Corp. was plotting strategy to turn the plan into a political weapon against Democrats, according to a newly obtained memo.
Prince Bandar, the head of the Saudi national security council, and son of the crown prince, was alleged in court to be the man behind the threats to hold back information about suicide bombers and terrorists. He faces accusations that he himself took more than Â£1bn in secret payments from the arms company BAE.
Bank of America leads the list of companies that have paid over $1 billion in penalties and fines to the U.S. government in the last six years. Violation Tracker, a new corporate misconduct database maintained by Good Jobs First, estimates that the North Carolina bank has paid $56 billion.