Theranos founder Elizabeth Holmes is denied a bid for a new trial

Theranos founder Elizabeth Holmes is denied a bid for a new trial

A federal judge rejected Elizabeth Holmes’ bid for a new trial, the latest setback for the Theranos Inc. founder, who was convicted of fraud in January. U.S. District Judge Edward Davila, who supervised Ms. Holmes’ trial, which began last year, said in a ruling late Monday that the arguments in her three motions for a … Read more

Justice Department announces seizure of Bitcoin, once valued at $3.36 billion

Justice Department announces seizure of Bitcoin, once valued at $3.36 billion

The Justice Department said Monday it had seized cryptocurrency once worth $3.36 billion from a Georgia man who pleaded guilty to stealing bitcoin from the Silk Road online marketplace. The seizure of cryptocurrency, which took place in November 2021 and had not been made public, is the second largest in the history of the Department … Read more

Tyson Foods CFO arrested after authorities say he fell asleep in the wrong home

Tyson Foods CFO arrested after authorities say he fell asleep in the wrong home

John R. Tyson, Tyson Foods Inc.’s TSN -0.07% chief financial officer and son of the meat giant’s chairman, was arrested over the weekend after authorities said he fell asleep in the wrong house. Mr. Tyson, 32 years old, was found asleep in a woman’s bed at her home in Fayetteville, Ark., on Sunday morning, according … Read more

Ex-Green Beret son returns to US after prison sentence over Carlos Ghosn escape

Ex-Green Beret son returns to US after prison sentence over Carlos Ghosn escape

Michael Taylor, in bright top, was seen at Istanbul Airport after helping Carlos Ghosn escape from Japan. Photo: Associated Press The American father and son who helped former Nissan Motor Co. Ltd. chairman Carlos Ghosn to flee Japan, has returned to the United States after spending 20 months in Japanese prisons. Michael Taylor, a 62-year-old … Read more

Former MoviePass executives charged in securities fraud case

Former MoviePass executives charged in securities fraud case

MoviePass, a Netflix-like subscription service for movie theaters, made a splash in 2017 when it debuted. Photo: Andrew Harrer/Bloomberg News Updated November 5, 2022 at 7:30 PM ET Former executives at MoviePass and its predecessor The parent company was indicted in a securities fraud case, accused of defrauding investors, the Justice Department said Friday. Former … Read more

Deutsche Bank faces threat of fines for money laundering controls

Deutsche Bank faces threat of fines for money laundering controls

Deutsche Bank, which is based in Frankfurt, has until the middle of next year to implement money laundering controls ordered by a German regulator. Photo: Alex Kraus/Bloomberg News Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it does not implement anti-money laundering controls by a deadline, suggesting the watchdog is not satisfied … Read more

Vonage will pay $100 million to settle FTC allegations of trapping consumers in subscriptions

Vonage will pay $100 million to settle FTC allegations of trapping consumers in subscriptions

Ericsson ERIC -1.65% AB subsidiary Vonage will pay $100 million to settle Federal Trade Commission allegations that it created a web of obstacles for its customers to cancel Internet-based phone service and charged unexpected termination fees. The agreement, filed in federal court Thursday, represents the largest settlement of its kind in the FTC’s enforcement push … Read more

SEC Auditor Warns of Increased Fraud Risk Amid Recession Fears, Market Selloff

SEC Auditor Warns of Increased Fraud Risk Amid Recession Fears, Market Selloff

Wall Street’s top watchdog warns that a market selloff and fears of a recession could prompt more companies to cook their books, putting pressure on accountants to catch them. “The current economic environment is subject to significant uncertainties and, historically, often leads to increased risk of fraud,” Paul Munter, acting chief accounting officer at the … Read more

Glencore faces further bribery penalties in UK

Glencore faces further bribery penalties in UK

LONDON – British prosecutors are demanding over $200 million in fines from Glencore GLNCY -3.60% PLC to resolve an investigation into bribery in Africa, and they said they now want to prosecute a number of the commodities giant’s former executives. Britain’s Serious Fraud Office asked a court on Wednesday to impose the sanctions, which it … Read more

Kroger-Albertsons Merger Draws Questions From Politicians, Workers

Kroger-Albertsons Merger Draws Questions From Politicians, Workers

Elected officials, independent grocers and union groups are expressing concerns and in some cases pushing back on the proposed deal between Kroger co. NOK -1.19% and Albertsons ACI 0.71% Cos. as antitrust officials are set to begin reviewing the supermarket megamerger. Kroger announced in October that it would acquire Albertsons, saying a deal would help … Read more