Tag: corporate crime

‘They’ve been silent’: Many companies are on the sidelines about the new Texas abortion law — will they stay there?

Texas’ new abortion law has touched off a wave of criticism, including from President Joe Biden, scathing dissents from the U.S. Supreme Court’s liberal wing...

‘I am (likely) the world’s most stupid person’: Former Microsoft and Amazon executive sentenced to 2 years for filing over $5 million in fake PPP loans

A one-time executive at both Microsoft MSFT MSFT, +0.21% and Amazon AMZN, +1.01% has been sentenced to two years in prison for falsely filing for...

DoorDash and Grubhub sued by city of Chicago, which alleges deceptive fees and predatory practices

The city of Chicago filed a wide-ranging lawsuit against DoorDash Inc. and Grubhub Inc. on Friday, accusing the meal-delivery platforms of engaging in deceptive and...

Judge shoots down law that kept Uber and Lyft drivers from being employees

A judge late Friday shot down a law that would have allowed app-based companies to continue treating drivers as contractors instead of employees in California,...

How college closures affect taxpayers and students: ‘You stole my money and I’m $188,000 in debt and for what?’

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week, I wrote about the collapse...

Apple’s hot antitrust autumn: Storm clouds are forming from multiple directions

A decision in a landmark antitrust legal case could come by the end of the month, but that is far from the only concern bearing...

A Gold Mine Takeover Highlights Increasing Mining-Sector Risk

Canada’s Centerra Gold Inc. invested more than $3 billion over nearly three decades to turn a remote gold prospect in Kyrgyzstan into a prosperous gold...

Fake Covid Vaccination Cards Are on the Rise in the U.S., Europe

MILAN—As Covid-19 vaccine mandates proliferate in the U.S. and Europe, so are swindlers selling bogus vaccination certificates. The U.S. government has said federal workers must...

U.S. Investor Michael Calvey Found Guilty of Embezzlement by Russian Court

MOSCOW—A Russian court found American private-equity investor Michael Calvey guilty of embezzlement more than two years after he was arrested in a case that shook...

Mexico Sues Major Gun Makers in U.S. Court

MEXICO CITY—Mexico’s government is suing a group of U.S.-based weapons manufacturers in U.S. federal court, arguing that the companies actively facilitate the trafficking of guns...

Scarlett Johansson Sues Disney Over ‘Black Widow’ Streaming Release

Scarlett Johansson, star of the latest Marvel movie “Black Widow,” filed a lawsuit Thursday in Los Angeles Superior Court against Disney, DIS -0.42% alleging her...

Activision Blizzard CEO admits ‘tone deaf’ response to allegations, ahead of employee walkout

Facing an employee revolt ahead of the videogame company’s quarterly earnings report, Activision Blizzard Inc. Chief Executive Bobby Kotick went into damage-control mode Tuesday. Responding...

Covid-19 Vaccine Scams Hit India as Country Struggles With Immunizations

NEW DELHI—One morning in late May, hundreds of people from an upscale housing complex in a Mumbai suburb lined up to receive their first dose...

Biden Administration Blames Hackers Tied to China for Microsoft Cyberattack Spree

WASHINGTON—The Biden administration Monday publicly blamed hackers affiliated with China’s main intelligence service for a far-reaching cyberattack on Microsoft Corp. email software this year, part...

Identity thief used burner phones and Apple Pay to buy diamond-encrusted bitcoin medallion — and actual bitcoin too

It was almost every kind of modern-day financial swindle rolled into one. The mastermind behind an elaborate stolen credit-card scam that used bitcoin, burner phones...

The 5 most eye-popping disclosures in Robinhood’s long-awaited IPO filing

Wall Street is finally getting a peek under the hood of Robinhood ahead of the most anticipated public debut since WeWork, and while the no-fee...

Opinion: John McAfee was one of the original genius-but-bizarre CEOs — and Elon Musk should take note

The fantastical story of antivirus-software entrepreneur John McAfee in his later years should be a cautionary tale to other genius CEOs, especially Elon Musk. McAfee,...

Carlos Ghosn Fallout: American Father, Son Plead Guilty to Role in Escape

TOKYO—Americans Michael Taylor and Peter Taylor pleaded guilty to the charge of helping former Nissan Motor Co. NSANY 0.54% chief Carlos Ghosn escape Japan in...

Tim Cook to be Apple’s star witness Friday as antitrust trial wraps up

Apple Inc. is saving its most powerful witness for last. Chief Executive Tim Cook is scheduled to take the stand Friday to wrap up Apple’s...

Epic takes aim at Apple’s financial advantage in App Store model

Define the market, then follow the money. This was the crux of Epic Games Inc.’s legal argument much of Monday, and in all likelihood most...

Apple vs. Epic: Why cloud gaming became a hot topic at landmark antitrust trial

The headlines in week one of the Epic Games Inc.-Apple Inc. trial were mostly about exorbitant commission fees charged by the App Store. But a...

Opinion: Uber investors finally see the costs of treating drivers as employees, and the stock is falling

Uber Technologies Inc. has spent and fought to keep its drivers from becoming classified as employees instead of contractors, and investors finally got a glimpse...

Opinion: How to prevent fraud from ruining your retirement

It’s a costly problem. The Federal Trade Commission in 2020, for instance, said consumers lost $1.9 billion due to fraud in 2019. And in 2015,...

Student loan servicer Navient illegally deceived borrowers, judge finds

Student loan servicer Navient NAVI, +2.06% illegally deceived borrowers, parents, grandparents and others who put their credit on the line when they co-signed their relatives’...

Tesla CEO Elon Musk calls Robinhood CEO ‘Vlad the Stock Impaler’ and grills him over the GameStop saga

“ ‘The people demand an answer, and they want to know the truth.’ ” That was Elon Musk, the chief executive officer of electric-car maker...