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Crime Business

All articles tagged with #crime business

crime-business1 year ago

"High-Stakes Justice: Vietnam's Executions Shake Business Elite"

Vietnamese real estate tycoon Truong My Lan has been sentenced to death for her involvement in a $12.5 billion fraud case, which is nearly 3% of the country's 2022 GDP. She is accused of using a bank as her cash cow, illegally controlling it, and using "ghost companies" to give loans to herself and her allies. Her arrest is part of an anti-corruption drive in Vietnam, raising concerns about the country's economic outlook and foreign investor confidence.

via The Associated Press|
#corruption#crime-business#death-sentence
crime-business1 year ago

"Vietnamese Tycoon Lan Sentenced to Death for $12 Billion Fraud"

Truong My La Lan, one of the world's richest women, has been sentenced to execution by a Vietnamese court after being convicted of embezzling $44 billion from the country's largest bank. The trial exposed the lavish lifestyle of Vietnam's elite and involved 85 co-conspirators, including her husband and banking regulators. Lan, who built her empire through property and shell companies, has been ordered to repay $27 billion, but much of the money is feared to be unrecoverable. The case has shed light on widespread corruption and bribery in Vietnam, and the verdict is seen as a warning to others involved in similar schemes.

via The Daily Beast|
#corruption#crime-business#execution
crime-business1 year ago

"Inside the SBF Saga: The Haunting Sentencing and Crypto Court Cases"

Sam Bankman-Fried, the former CEO of FTX, received a 25-year prison sentence for wire fraud and money laundering. His mother, Barbara Fried, described him as a reserved and selfless individual influenced by utilitarianism, but his colleagues testified that he directed them to commit crimes. Despite his philanthropic ambitions, his company's collapse impacted charitable projects. Bankman-Fried's mother pleaded for a lenient sentence, but he was ultimately sentenced to 25 years in prison.

via Fortune|
#crime-business#cryptocurrency#ftx
crime-business1 year ago

"CEO Angela Chao's Fatal Texas Crash Linked to High Blood-Alcohol Level"

Foremost Group CEO Angela Chao was found to be intoxicated when she drove her Tesla into a pond at a ranch she owned, resulting in her death. The police report revealed that her blood-alcohol concentration was nearly three times the legal limit in Texas. Chao, who was the sister-in-law of Senate Minority Leader Mitch McConnell, made a distressing phone call to a friend as water entered her vehicle. The incident has been deemed an unfortunate accident by authorities.

via CNBC|
#angela-chao#crime-business#fatal-car-accident
crime-business1 year ago

"Heidi's of Gresham: Restaurant Owner Confronts 2nd Arson in 3 Years"

The owner of 'Heidi’s of Gresham' in Oregon woke up to a fire at the restaurant, marking the second arson incident in three years. The damage has forced the closure of the beloved 55-year-old establishment, known for its bakery, gift shop, and banquet space. The owner, Sam Hinshaw, expressed gratitude that the fire didn't cause more extensive damage and is determined to reopen with the support of the community. The investigation is ongoing, and anyone with information is urged to contact the police.

via Fox 12 Oregon|
#arson#community#crime-business
crime-business1 year ago

"Oakland Pizza Shop Employees Fight Off 4 Robberies in a Year"

Employees at Cybelle's Pizza in Oakland, California, have been forced to fend off robbery suspects using a hammer and recycling bin after the restaurant was broken into and robbed four times in the last month. The owner, Elizabeth Sanchez, is considering shutting down the Oakland location due to the frequent crimes, which have also led to a drop in sales and difficulty retaining workers. The city officials are working on strengthening security in the area, but small business owners like Sanchez are calling for more support and assistance.

via WLS-TV|
#california#crime-business#oakland