• Former Volkswagen CEO to face charges of organized commercial fraud

    Former Volkswagen CEO to face charges of organized commercial fraud

    Former Volkswagen Chief Executive Martin Winterkorn will face charges of conspiracy to commit organized commercial fraud with a high likelihood of conviction, a court probing the carmaker’s diesel emissions scandal said on Wednesday. A court in Braunschweig, Germany, near where Volkswagen is headquartered, expanded the list of charges beyond fraud to include organized commercial fraud, …
  • Hedge fund founder charged with fraud tied to Neiman Marcus bankruptcy

    Hedge fund founder charged with fraud tied to Neiman Marcus bankruptcy

    The founder of a New York hedge fund was criminally charged Thursday over an alleged scheme to pressure a rival not to bid for assets related to Neiman Marcus’ bankruptcy so he could buy them at a lower price, the US Department of Justice said. Daniel Kamensky, principal of Marble Ridge Capital, which has more …
  • Samsung heir indicted over controversial 2015 merger

    Samsung heir indicted over controversial 2015 merger

    South Korean prosecutors on Tuesday indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up what could be a protracted legal battle to determine whether the 52-year-old billionaire illegally cemented his control over the business giant. Lee’s attorneys denied the charges, which were also filed against 10 other …