New Jersey CEO pleads guilty to $212 million investor fraud scheme tied to healthcare company
NEWARK, N.J. – The former CEO of a publicly traded healthcare services firm pleaded guilty to conspiracy to commit securities fraud in a scheme that defrauded investors out of hundreds of millions…
New York CEO Convicted of Securities Fraud Over COVID-19 Rapid Test Claims
NEWARK, N.J. – The former CEO of SCWorx Corp. (SCWorx), Marc Schessel, was convicted today on two counts of securities fraud. A federal jury found Schessel guilty of misleading investors about the…
CEO of PPP Lender MBE Capital Pleads Guilty to Fraudulent Loan and Lender Applications
NEW YORK – Rafael Martinez, CEO of MBE Capital Partners, pled guilty today to conspiring to commit wire fraud in connection with loan and lender applications submitted through the Paycheck Protection Program…
Former Google CEO Is Quietly Bankrolling Dozens Of White House Jobs
Former Google CEO Is Quietly Bankrolling Dozens Of White House Jobs Alexa Schwerha on December 22, 2022 Former Google CEO Eric Schmidt helped fund over two dozen Biden administration jobs through a fellowship…
PETER ROFF: If Musk Quits As Twitter CEO, What Next?
PETER ROFF: If Musk Quits As Twitter CEO, What Next? Peter Roff on December 19, 2022 Maverick corporate innovator Elon Musk appeared ready to step down as CEO of Twitter Monday after…
If Musk Quits As Twitter CEO, What Next?
PETER ROFF: If Musk Quits As Twitter CEO, What Next? Peter Roff on December 19, 2022 Maverick corporate innovator Elon Musk appeared ready to step down as CEO of Twitter Monday after…
Twitter Users Vote For Elon Musk To Step Down As CEO
Twitter Users Vote For Elon Musk To Step Down As CEO Laurel Duggan on December 19, 2022 Twitter users voted for owner and CEO Elon Musk to step down from his leadership…
Former CEO of St. Gabriel Health Clinic Convicted of $1.8 Million Medicaid Fraud Scheme
After a week-long trial, a federal jury convicted the former CEO of St. Gabriel Health Clinic Inc. for conducting a multi-year, multi-million-dollar scheme to defraud the Louisiana Medicaid Program. According to court…
Former CEO Of Email Security Company Pleads Guilty To $50 Million Scheme To Defraud Investors And Lenders
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ROBERT BERNARDI, the founder, and former Chief Executive Officer of the Virginia-based email security company GigaMedia…
CEO Of Security Company Pleads Guilty To International Boiler Room Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that ROGER RALSTON, the CEO of DirectView Holdings, Inc. (“DirectView”), a Florida-based video surveillance and security company, pled…
Investors swipe left on Match after Tinder CEO departure, poor forecast
(Reuters) – Match Group Inc was on track to shed a fifth of its value following the sudden departure of its Tinder unit head and a downbeat revenue forecast for the current…
Southern CEO Fanning to exit, hunt on for successor – Bloomberg News
(Reuters) – U.S. utility Southern Co Chief Executive Tom Fanning is expected to step down by the end of this year and the company has launched a search for his successor, Bloomberg…
AstraZeneca CEO Soriot says to work with new chairman for many years
FRANKFURT – Long-serving AstraZeneca boss Pascal Soriot said on Friday he expects to work with the new chairman-designate of the London-listed drugmaker, who will take over in 2023, for many years to…
How Spirit Airlines CEO Christie did his JetBlue deal U-turn
By Anirban Sen (Reuters) – Spirit Airlines Inc Chief Executive Ted Christie had been dismissive of the possibility that regulators would allow his low-cost U.S. airline to be sold to JetBlue Airways…
Exclusive-Mexico’s Pemex expects rare annual profit – CEO
By Ana Isabel Martinez MEXICO CITY – Mexican state oil company Pemex expects to post a rare annual profit this year, with two consecutive quarters already in the black and a boost…
CEO of Reality TV Production Companies Sentenced to One Year in Federal Prison for Defrauding Private Lender Out of $2 Million
LOS ANGELES – The CEO of two Hollywood production companies that specialize in reality-television programming was sentenced today to 12 months and one day in federal prison for fraudulently obtaining a…
L’Oreal may continue to raise prices in a targeted manner, CEO says
By Mimosa Spencer PARIS – L’Oreal may continue to raise prices in the second half of the year to offset rising production costs, but would do so in a very targeted manner,…
Fasten your seatbelts for a bumpy ride, Euronext CEO warns
By Huw Jones LONDON – Investors should get ready for a bumpier ride as markets adjust to prolonged inflation, hefty interest rate rises and a fall in the euro to parity with…
Santander Chile CEO to step down in August
MEXICO CITY – Santander’s Chile chief executive, Miguel Mata Huerta, will step down on August 1, the banking unit said in a filing Wednesday to the Chilean stock market. Roman Blanco Reinosa…
Restructuring whiz Koerner lands in Credit Suisse CEO hot seat
By Oliver Hirt ZURICH – Ulrich Koerner, a Porsche fan and rally driver, will need all his navigation skills to steer loss-making Credit Suisse towards profitability as the Swiss bank embarks on…
Credit Suisse names Koerner as CEO, sets strategic review
ZURICH – Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as…
Credit Suisse to name Ulrich Korner as its next CEO – FT
(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday. Credit Suisse did not immediately respond to…
Logitech CEO sees semiconductor chip shortage over by end of 2022
ZURICH – Logitech International is seeing the impact of the global semiconductor chip shortage moderating, Chief Executive Bracken Darrell said on Tuesday, saying he expects problems to be overcome by the end…
Weber replaces CEO, warns of layoffs as inflation bites into business
(Reuters) – Weber Inc on Monday replaced top boss Chris Scherzinger with an insider and warned that mounting inflationary and supply chain pressures could hit the grill maker’s financials and workforce, sending…
Steelmaker Voestalpine builds up gas reserve to tackle shortfalls – CEO
ZURICH – Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies, the Austrian steelmaker’s chief executive said in an article…
Airbus mulls fighter options but focuses on FCAS – CEO
By Tim Hepher FARNBOROUGH, England – Europe’s Airbus, locked in a dispute with Dassault Aviation over the next stage of a Franco-German-Spanish fighter project, is thinking about other options but is focused…
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