Brazilian President Dilma Rousseff will replace the chief executive and other senior managers at state-run oil company Petrobras this month in an effort to turn the page on a widening corruption scandal, Bloomberg reports.
A Florida man could spend up to 30 years in prison after pleading guilty to taking part in a million-dollar, years-long shipping and kickback scheme involving his former employer Macy’s.
The 46-year-old man pleaded guilty on Friday to charges including money laundering and mail fraud, Cincinnati.com reports.
Google EarthDETROIT (Reuters) - Federal officials on Tuesday charged 13 current and former Detroit Public School (DPS) principals with engaging in a long-running kickback scheme in which prosecutors said they submitted fraudulent invoices to a vendor in exchange for prepaid gift cards, cash and checks that totaled more than $900,000.
The Consumer Financial Protection Bureau has begun proceedings against PHH Corporation for its involvement in a 15-year-long mortgage insurance kickback scheme that collected hundreds of millions of dollars from homeowners.
Like the other inmates who fight for survival inside Pavilion Six, the crowded, disease-ridden building reserved for foreigners at Panama’s notorious La Joya prison, Arthur Porter scrounges for food and fends off rats. But that’s about all he has in common with the local population, mainly drug traffickers and the odd killer.
Another day, another round of selling of Valeant stock, which tumbled at the open on a report that the US has announced criminal charges in connection to a Valeant probe and that the ex-CEO of Valeant's "secret pharmacy" Philidor, Andy Davenport as well as another executive, Greg Tanner, have been arrested "for engaging in a multi-million dollar fraud and kickback scheme."
EX-VALEANT EXECUTIVE GARY TANNER, EX-PHILIDOR CEO ANDREW DAVENPORT CHARGED IN COMPLAINT FILED IN MANHATTAN FEDERAL COURT
The stock is promptly down: