Accounting fraud

FILE - In this Jan. 2, 2014 file photo, a Fiat logo pictured on a car in Milan, Italy. Fiat Chrysler has agreed to pay $40 million to settle a complaint by securities regulators that it misled investors by overstating monthly sales numbers. (AP Photo/Antonio Calanni, File)
September 27, 2019 - 1:54 pm
DETROIT (AP) — Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period. The Italian-American company inflated sales by paying dealers to report fake numbers from 2012 to...
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FILE - In this May 8, 2009 file photo, Liu Zhongtian, the Chinese billionaire chairman of the China Zhongwang Holdings Limited, celebrates at the company's listing ceremony in the Hong Kong Stock Exchange. Liu has been charged in Los Angeles in a complex scheme to avoid $1.8 billion in aluminum tariffs, U.S. prosecutors said, Wednesday, July 31, 2019. Liu and the aluminum company he previously headed, were charged with conspiracy, wire fraud and money laundering. (AP Photo/File)
July 31, 2019 - 4:45 pm
LOS ANGELES (AP) — A Chinese billionaire has been charged in Los Angeles in a complex scheme to avoid $1.8 billion in aluminum tariffs, federal prosecutors announced Wednesday. Zhongtian Liu, the founder of China Zhongwang Holdings Limited, and the aluminum company he previously headed, were...
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FILE - In this Jan. 27, 2018, file photo, honoree Jay-Z speaks onstage at the 2018 Pre-Grammy Gala And Salute To Industry Icons at the Sheraton New York Times Square Hotel in New York. Jay-Z’s business entities have sued a New York City licensing firm, claiming it cheated the companies as part of a “colossal accounting scandal.” The lawsuit, filed on Thursday, July 4, 2019, in Manhattan, accuses Iconix Brand Group Inc. of lying about its finances when it made deals with the rapper’s Roc Nation apparel company. (Photo by Michael Zorn/Invision/AP, File)
July 05, 2019 - 12:52 pm
NEW YORK (AP) — Jay-Z's business entities sued a New York City licensing firm, claiming it cheated the companies as part of a "colossal accounting scandal." The lawsuit accuses Iconix Brand Group Inc. of lying about its finances when it made deals with the rapper's Roc Nation apparel company. There...
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May 10, 2019 - 6:50 am
NASHVILLE, Tenn. (AP) — Four Tennessee pain management clinics have abruptly closed amid state and federal health insurance fraud investigations. The Tennessean reports the clinics formerly with PainMD and rebranded under the name Rinova officially closed Wednesday. Federal authorities last year...
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Former Nissan Chairman Carlos Ghosn, center, leaves his lawyer's office in Tokyo, Wednesday, April 3, 2019. Ghosn, facing financial misconduct charges in Japan, says he will hold a news conference on April 11. (Sadayuki Goto/Kyodo News via AP)
April 03, 2019 - 7:07 am
TOKYO (AP) — Former Nissan Chairman Carlos Ghosn, facing financial misconduct charges in Japan, says he will hold a news conference on April 11. Ghosn said Wednesday on his new verified Twitter account that "I'm getting ready to tell the truth about what's happening." Ghosn was arrested in November...
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FILE - In this April 20, 2018, file photo, then Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. Japan's court has denied the prosecutor's request to extend detention of ex-Nissan chair Carlos Ghosn. Ghosn, facing financial misconduct charges in Japan, says he will hold a news conference April 11. Ghosn said Wednesday on his new verified Twitter account he is getting ready to tell the truth. (AP Photo/Kin Cheung, File)
April 03, 2019 - 1:56 am
TOKYO (AP) — Nissan's former Chairman Carlos Ghosn, facing financial misconduct charges in Japan, says he will hold a news conference on April 11. Ghosn said Wednesday on his new verified Twitter account that "I'm getting ready to tell the truth about what's happening." Ghosn was arrested in...
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Co-chairs of the Special Committee for Improving Governance, Seiichiro Nishioka, left, and Sadayuki Sakakibara, right, attend a press conference in Yokohama, near Tokyo Wednesday, March 27, 2019. Nissan’s committee, set up to strengthen corporate governance after the arrest of former Chairman Carlos Ghosn, is recommending the Japanese automaker add more independent outside directors on its board and better oversee compensation and auditing. (AP Photo/Eugene Hoshiko)
March 27, 2019 - 9:06 am
YOKOHAMA, Japan (AP) — A Nissan committee set up to strengthen corporate governance after the arrest of former Chairman Carlos Ghosn said Wednesday an investigation found he had wielded too much power and recommended the scandal-hit Japanese automaker add more independent outside directors to its...
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Co-chairs of the Special Committee for Improving Governance, Seiichiro Nishioka, left, and Sadayuki Sakakibara, right, attend a press conference in Yokohama, near Tokyo Wednesday, March 27, 2019. Nissan’s committee, set up to strengthen corporate governance after the arrest of former Chairman Carlos Ghosn, is recommending the Japanese automaker add more independent outside directors on its board and better oversee compensation and auditing. (AP Photo/Eugene Hoshiko)
March 27, 2019 - 8:29 am
YOKOHAMA, Japan (AP) — A Nissan committee set up to strengthen corporate governance after the arrest of former Chairman Carlos Ghosn said Wednesday an investigation found he had wielded too much power and recommended the scandal-hit Japanese automaker add more independent outside directors to its...
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FILE - In this Aug. 21, 2018, file photo, Michael Cohen leaves Federal court, in New York. Newly released documents show the FBI was investigating President Donald Trump's former personal attorney and fixer for nearly a year before agents raided his home and office. A search warrant released Tuesday, March 19, 2019 shows the federal inquiry into Cohen had been going on since July 2017, far longer than had previously been known. (AP Photo/Mary Altaffer, File)
March 19, 2019 - 2:39 pm
NEW YORK (AP) — Special counsel Robert Mueller began investigating President Donald Trump's former lawyer, Michael Cohen, for fraud in his personal business dealings and for potentially acting as an unregistered foreign agent at least nine months before FBI agents in New York raided his home and...
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FILE - In this Aug. 21, 2018, file photo, Michael Cohen leaves Federal court, in New York. Newly released documents show the FBI was investigating President Donald Trump's former personal attorney and fixer for nearly a year before agents raided his home and office. A search warrant released Tuesday, March 19, 2019 shows the federal inquiry into Cohen had been going on since July 2017, far longer than had previously been known. (AP Photo/Mary Altaffer, File)
March 19, 2019 - 11:23 am
NEW YORK (AP) — Special counsel Robert Mueller began investigating President Donald Trump's former lawyer, Michael Cohen, for fraud in his personal business dealings and for potentially acting as an unregistered foreign agent at least nine months before FBI agents in New York raided his home and...
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