Former Tesla employee indicted for alleged $9.3-million embezzlement scheme

The U.S. Securities and Exchange Commission said on Wednesday it has obtained an asset freeze against 18 traders over a market-manipulation scheme through which they reaped over $31 million in illicit profits......»»

Deputies have arrested a man accused of operating his Pinellas County business as a Ponzi scheme, costing his victims $1.5 million, according to a Fox 13 News report. The Pinellas County Sheriff's Office said a monthslong investigation revealed that .....»»

A Country Club of Birmingham employee has agreed to plead guilty to one count of wire fraud after being arrested for allegedly stealing close to half a million dollars from the club. According to court documents, the club’s management information s.....»»

A former Vanguard Group employee was sentenced Thursday to four years in prison for a fraud scheme in which he stole more than $2 million from the accounts of dead or inactive customers before state treasurers could assume custody of the unclaimed f.....»»

JPMorgan Chase & Co. has agreed to pay $5 million to resolve a discrimination claim filed by a male employee who alleged the bank’s parental leave policy was biased against dads......»»

New Mexico reached a $5.65 million settlement and dropped its "pay to play" suit against Kansas City Chiefs owner Clark Hunt and other defendants.  The suit alleged that Hunt secured hundreds of millions of dollars in state investment money by lever.....»»

The SEC has accused Daniel Pacheco of running a $26 million Ponzi scheme disguised as a cryptocurrency......»»

Palo Alto-based Tesla Inc. has agreed to pay a former janitor $13 million in damages after another employee crushed her legs in a workplace accident in Fremont, leaving her permanently disabled, lawyers say. Tesla settled the case last week, one .....»»

Large pharmaceutical firms Amgen and Astellas Pharma agreed to pay $125 million in fines to resolv.....»»

The Commodity Futures Trading Commission filed charges on Monday against Florida-based Oasis International Group, Limited, Oasis Management, LLC, Satellite Holdings Company, and principals Michael J. DaCorta, Joseph S. Anile, II, Raymond P. Montie, III, F.....»»

Federal authorities have arrested Christopher O’Hara, the owner and operator of 1stCare MD and ProfitsCentric, in connection with an alleged health care fraud, bribery and kickback scheme. The arrest follows an April 3 indictment by a federal gra.....»»

One of three defendants in an alleged $360 million Ponzi scheme that affected at least 400 people, mostly in Maryland, has reached a plea deal with federal prosecutors......»»

John Salangsang/Invision/AP Private equity firm TPG has placed William 'Bill' McGlashan on leave after he was among dozens of people indicted by the FBI Tuesday in an alleged scheme to get students into elite colleges. McGlashan founded TP.....»»

A slew of CEOs and two high-profile actresses are among more than 40 people charged in a $25 million cheating scheme to help wealthy students to gain admission to top colleges, law enforcement officials say......»»

A slew of CEOs and two high-profile actresses are among more than 40 people charged in a $25 million cheating scheme to help wealthy students to gain admission to top colleges, law enforcement officials say......»»

A Wisconsin contractor was indicted in a fraud and money laundering scheme to capture more than $200 million in federal contracts targeted to benefit small, disadvantaged businesses......»»

The U.S. Attorney for the Southern District of New York said it's arrested a hedge fund founder, portfolio manager and a trader with mismarking securities by over $200 million. The three arrested were Anilesh Ahuja, the CEO of Prem.....»»

The website’s four alleged owners stand accused of running a “pay-for-removal scheme” attempting to profit from arrestees’ humiliation......»»

Kevin Schuler, a former executive with Buffalo, N.Y. general contractor LPCiminelli, pleaded guilty to fraud and conspiracy for his part in an alleged bid-rigging scheme......»»

After raising concerns about unsafe working conditions and underreported workplace injuries. Tesla disclosed plans on Tuesday to lay off 9% of its workforce. But there may be more bumps in the road ahead for the electric car manufacturer and its .....»»