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…
Russia’s Avtovaz names ex-transport minister as CEO after Renault exit
(Reuters) – Russia’s top carmaker Avtovaz said on Monday it had appointed former transport minister Maxim Sokolov as its new president and CEO after its main shareholder Renault withdrew from the Russian…
Founder And CEO Of Off-Shore Cryptocurrency Derivatives Platform Sentenced For Violating The Bank Secrecy Act
Damian Williams, the United States Attorney for the Southern District of New York, announced that Arthur Hayes was sentenced today to six months of home detention, in connection with his violation of…
Thyssenkrupp CEO Merz gets 5-year contract extension
FRANKFURT – Martina Merz, who has been chief executive of Germany’s Thyssenkrupp since 2019, has received a five-year contract extension until March 2028, the company said on Thursday. “On behalf of the…
Exclusive-Major Credit Suisse shareholder calls for new CEO
By Oliver Hirt and Brenna Hughes Neghaiwi ZURICH – Credit Suisse should start looking for a new CEO to replace Thomas Gottstein, top-ten shareholder Artisan Partners told Reuters, becoming the first major…
Is JPMorgan slipping? Analysts will be asking CEO Dimon at conference
By David Henry NEW YORK – Concerned that JPMorgan Chase & Co might be starting to lose its profit advantage over competitors, analysts and investors are lining up questions for long-time CEO…
CEO Of Renewable Energy Company Charged With Fraud, Identity Theft, Money Laundering, And Obstruction Offenses
SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that James Abrams, age 39, of Easley, South Carolina, was indicted yesterday by a federal grand jury on…
Shasta County-Based “Joined Inc.” CEO Pleads Guilty in Retirement Fund Embezzlement Scheme
SACRAMENTO, Calif. — Maurice “Buddy” Shoe, 59, formerly of Palo Cedro, pleaded guilty today to one count of embezzlement from his employees’ retirement funds, U.S. Attorney Phillip A. Talbert announced. According to…
Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’
WASHINGTON – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise…
Golden Globes organizer mulls bid from interim CEO Boehly
(Reuters) – The organizer of the Golden Globe awards is exploring strategic options including a takeover offer from interim Chief Executive Todd Boehly, the non-profit organization said on Friday. Boehly’s proposal comes…
CEO Of Private Equity Fund Sentenced To 97 Months For $133 Million Bank And Securities Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that defendant ELLIOT SMERLING was sentenced to 97 months in prison for a multi-year bank and securities fraud…
Twitter executive changes aimed at building ‘a stronger Twitter’, CEO says
(Reuters) – Twitter Chief Executive Parag Agrawal said on Friday that he had announced leadership changes and a hiring freeze in order to “build a stronger Twitter,” even as the company is…
CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation, announced…
Lucid CEO concerned about chip supplies from China due to COVID-19
By Hyunjoo Jin SAN FRANCISCO -The chief executive of Lucid Group Inc on Wednesday expressed concern about chip supplies from China due to COVID-19 pandemic-related lockdowns, adding that the U.S. electric vehicle…
Aircastle CEO sees contested insurance talks over Russia jets
DUBLIN – U.S. aircraft lessor Aircastle is bracing for tough discussions with insurers over aircraft it cannot recover from Russia, the chief executive of the Marubeni Corp and Mizuho Leasing Co Ltd…
IBM unsure how long it will keep Russia-based staff on payroll, CEO says
By Paresh Dave and Jeffrey Dastin (Reuters) – International Business Machines Corp is not sure how much longer it can pay its employees in Russia in light of escalating sanctions on the…
CEO of Mining Capital Coin Indicted in $62 Million Cryptocurrency Fraud Scheme
Miami, Florida – An indictment was unsealed yesterday charging the CEO of Mining Capital Coin (MCC), a purported cryptocurrency mining and investment platform, for allegedly orchestrating a $62 million global investment fraud…
Inflation eating into Gold Fields’ Chile project, CEO says
By Promit Mukherjee and Helen Reid CAPE TOWN – Surging inflation is eating into gold miner Gold Fields’ contingency cost buffer for its Salares Norte project in Chile, Chief Executive Officer Chris…
Suncor CEO Little faces scrutiny after activist Elliott takes aim
By Nia Williams and Svea Herbst-Bayliss (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy, issued a mea culpa. In January two trucks…
Italy’s Fincantieri reports sales rise as CEO prepares to leave
MILAN -Italy’s Fincantieri said sales rose 18% from a year earlier in the first quarter to 1.7 billion euros ($1.8 billion) driven by a strong performance of its core shipbuilding business. The…
Musk expected to serve as temporary Twitter CEO after deal closes – CNBC
(Reuters) – Elon Musk is expected to serve as Twitter Inc’s temporary chief executive officer for a few months after he completes his $44 billion acquisition of the social media firm, CNBC…
Charter School CEO Says Teachers Should Push ‘Social Justice’ On Students: REPORT
Charter School CEO Says Teachers Should Push ‘Social Justice’ On Students: REPORT Kendall Tietz on May 4, 2022 The CEO of a nonprofit charter school organization said educators want to work for…
StanChart CEO says bank’s global focus still valid amid calls for HSBC break-up
By Iain Withers LONDON – Standard Chartered Chief Executive Bill Winters said the merits of a UK-based, Asia-focused bank remain valid in the face of “unpredictable” geopolitical tensions. Speaking to Reuters on…
Allianz CEO wants to resolve fund debacle soon
FRANKFURT – Allianz wants to resolve investigations into its Structured Alpha investment funds soon, Chief Executive Oliver Baete told shareholders on Wednesday. The demise of the funds has been under investigation by…
Europe needs more gas from Norway, Equinor CEO says
OSLO – Europe needs more gas from Norway, and from Equinor, as the continent tries to wean itself from Russian gas, Equinor Chief Executive Anders Opedal said on Wednesday. “We see that…
Match Group’s Shar Dubey to step down as CEO
(Reuters) – Match Group’s Shar Dubey will step down as chief executive officer, the Tinder owner said on Tuesday, and will be succeeded by Bernard Kim, mobile gaming maker Zynga’s president, effective…
Breaking News
