A Massachusetts Institute of Technology professor was charged Thursday with hiding work he did for the Chinese government while he was also collecting U.S. dollars for his nanotechnology research. The Associate Press reports: Gang Chen, 56, was arrested by federal agents at his home in Cambridge on charges including wire fraud, officials said. While working for MIT, Chen entered into undisclosed…
Tag: wire fraud
Ticketmaster Pays $10 Million Criminal Fine for Invading Rival’s Computers
Ticketmaster will pay a $10 million criminal fine to avoid prosecution on U.S. charges it repeatedly accessed the computer systems of a rival whose assets its parent Live Nation Entertainment Inc later purchased. From a report: The fine is part of a three-year deferred prosecution agreement between Ticketmaster and the U.S. Department of Justice, which was disclosed at a Wednesday hearing…
Billionaire CEO of Software Company Indicted For Alleged $2 Billion Tax Evasion Schemes
The billionaire chief executive of Ohio-based Reynolds and Reynolds Co, Robert Brockman, has been indicted on charges of tax evasion and wire fraud conducted over “decades.” ZDNet reports: The scheme, in which roughly $2 billion was hidden away in offshore accounts and through money laundering, took place between 1999 and 2019, the US Department of Justice (DoJ) said on Thursday. According…
At Least 10 Amazon Employees Took Bribes from Sellers, Indictment Alleges
CBS News reports: Six people allegedly conspired to bribe Amazon employees and contractors in order to gain a competitive advantage on the retailer’s marketplace, federal prosecutors announced Friday. According to the U.S. Department of Justice, those charged posed as consultants and worked with third-party sellers whose products had previously been removed from Amazon Marketplace get the items back on the platform….
Texas A&M Professor Accused of Secretly Collaborating With China Amid NASA Work
CNBC reports:
A Texas A&M professor was charged with conspiracy, making false statements and wire fraud on allegations that he was secretly collaborating with the Chinese government while conducting research for NASA, the Department of Justice (DOJ) said Monday… “Once again, we have witnessed the criminal consequences that can arise from undisclosed participation in the Chinese government’s talent program,” Assistant Attorney General…
With DOJ Charges, Former VC Mike Rothenberg Could Now Be Facing Serious Jail Time
Connie Loizos writing via TechCrunch: While some in Silicon Valley might prefer to forget about investor Mike Rothenberg roughly four years after his young venture firm began to implode, his story is still being written, and the latest chapter doesn’t bode well for the 36-year-old. While Rothenberg earlier tangled with the Securities and Exchange Commission and lost, it was a civil…
Newly Obtained Documents Show Huawei Role In Shipping Prohibited US Gear To Iran
An anonymous reader quotes a report from Reuters: China’s Huawei, which for years has denied violating American trade sanctions on Iran, produced internal company records in 2010 that show it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. Two Huawei packing lists, dated December 2010, included computer equipment made by Hewlett-Packard Co and destined for…
Jury Convicts Ex-Microsoft Worker in Digital Currency Scheme
A jury on Tuesday convicted a former Microsoft worker of wire fraud and other charges in what prosecutors described as a scheme to steal $10 million in digital currency. From a report: The U.S. Attorney’s Office in Seattle said 25-year-old Ukrainian citizen Volodymyr Kvashuk helped test Microsoft’s online retail sales platform. He was accused of stealing digital currency such as…