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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: embezzlement

embezzlement stories: 17 news summaries

Saudi Family Feud
Rocks World Banks

Saudi economy suffers as in-laws squabble over business

Oct 22, 09 8:03 AM CDT
(Newser) - A bitter dispute between two of Saudi Arabia's richest families is damaging the world banking industry, dragging down the Saudi economy, and causing deep discomfort over Ramadan party invites. The Gosaibi clan accuse their son-in-law Ma'an al Sanea of embezzling $10 billion from the family business, while Sanea says the... More »

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Saudi Arabia • embezzlement • banking • financial crisis

 Mistrial Looms 
 in Astor Trial 
 After 19 
 Weeks 

Jury showing signs of strain after 19 Weeks

Oct 6, 09 2:51 PM CDT
(Newser) - After a 5-month trial, the jury deciding the fate of Brooke Astor’s son may be at the breaking point. One juror wants out because she fears for her personal safety, the judge revealed today, a day after he felt compelled to deliver a pep talk in court urging jurors... More »

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fraud • jury • Brooke Astor • embezzlement • Anthony Marshall • deliberations

 Danielle Steel 
 Aide 'Fesses to 
 $400K Ripoff 

Author claims assistant stole $2.7M

Sep 29, 09 6:46 AM CDT
(Newser) - A long-time assistant has pleaded guilty to embezzling $400,000 from best-selling romance queen Danielle Steel. Kristy Watts admitted depositing checks for Steel into her own bank account and using the author's credit card points to obtain gifts and airline tickets. Steel, who has written 76 best-selling novels, claims Watts... More »

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novelist • author • writer • romance • embezzlement • novel • best seller • Danielle Steele

Ex-Taiwan Prez Convicted of Corruption, Sentenced to Life

Chen Shui-bian and wife both found guilty of embezzlement, taking bribes

Sep 11, 09 4:25 AM CDT
(AP) - The former president of Taiwan was convicted of corruption and sentenced to life imprisonment today, marking a watershed event in the island's turbulent political history. Chen Shui-bian, president from 2000 to 2008, was charged with embezzling $3.15 million from a special presidential fund, receiving bribes worth at least $9... More »

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Taiwan • bribery • corruption • money laundering • embezzlement • Chen Shui bian

Nevada Deals 20 Years to
Thieving Chinese Bankers

Embezzlers tried to launder stolen $500M through Vegas casinos

May 7, 09 4:34 AM CDT
(Newser) - Two managers who scammed the Bank of China for nearly $500 million and fled to the US have been sentenced to more than 20 years each by a Nevada court, the BBC reports. The men's wives—who helped them launder the cash through Las Vegas casinos—were given 8-year sentences.... More »

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China • fraud • Las Vegas • money laundering • Nevada • embezzlement • bank fraud • Bank of China

 Va. Repairman 
 Swiped $170K 
 From Meters 

William Fell made off with a sixth of city's total meter revenue

Apr 22, 09 1:02 PM CDT
(Newser) - A repairman stole $170,000 in coins from parking meters in Alexandria, Va., during the past 12 months, the Washington Post reports. William Fell, 61, looted meters in the early hours of the morning before his maintenance shifts, police say. Wary of depositing his ill-gotten gains, Fell kept the coins... More »

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theft • embezzlement • parking meters • Department of Transportation • maintenance • public service • Alexandria

(Newser) - A former California bookkeeper has been charged with embezzling nearly $10 million to bankroll her lavish shoe collection and gambling habit, the San Diego Union-Tribune writes. Annette Yeomans, 51, stole about $100,000 a month from a woodworks company in San Marcos, Calif., sheriff's investigators say. Among her alleged indulgences... More »

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California • crime • credit card • embezzlement

Dane Cook's
Bro Busted for
Embezzling

Funnyman's brother-manager accused of skimming millions

Dec 31, 08 3:51 AM CST
(Newser) - Comedian Dane Cook's half-brother and manager has been arrested and charged with stealing millions from the entertainer, the Boston Globe reports. On one occasion, Darryl McCauley—who has managed his younger brother's business affairs since the early '90s—forged Cook's signature on a $3 million check and deposited it into... More »

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brother • embezzlement • comedian • Dane Cook

Taiwan's
Ex-President Chen Indicted

He's accused of taking millions in bribes; faces life in prison

Dec 12, 08 7:25 AM CST
(AP) - Taiwanese prosecutors indicted former President Chen Shui-bian on graft charges today, a stunning blow for a man who rose to power in 2000 on promises to reform the island's corrupt political culture. Chen has been jailed since Nov. 12 on accusations of money laundering and other offenses, and he mounted... More »

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Taiwan • corruption • embezzlement • Chen Shui bian • corruption charges

Russian Pardon Effort Tests Medvedev

Thousands sign online petition to free woman jailed by mentor Putin

Nov 17, 08 9:22 AM CST
(Newser) - A grassroots effort to pardon a convicted lawyer could allow Russian President Dmitry Medvedev to bolster the liberal image he's worked to create, but to issue the reprieve he must stand up to Vladimir Putin. Svetlana Bakhmina was arrested during one of Putin’s crackdowns on corruption at state oil... More »

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Russia • Vladimir Putin • pardon • embezzlement • Dmitry Medvedev • Yukos • Svetlana Bakhmina

Dad Penned Apology Before Killing Family

Shame 'too much to bear' for suicide dad facing money trial

Mar 26, 08 5:24 AM CDT
(Newser) - An Iowa man left a note in his kitchen and voice mail messages for friends and ex-colleagues apologizing before killing his wife and four young children, the Chicago Tribune reports. Steven Sueppel then killed himself in a fiery highway crash. The former bank executive was facing trial on embezzlement charges,... More »

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Iowa • murder • Iowa City • embezzlement • killings • beatings

Mother and 4 Kids Killed in
Iowa Home

Fatal car crash
nearby linked
to husband

Mar 25, 08 5:31 AM CDT
(Newser) - A mother and her four children were found dead in their Iowa City home yesterday by police who received an anonymous tip, reports the Daily Iowan. Minutes later, cops responded to a nearby highway crash involving a car belonging to the father of the family, Stephen Sueppel. The dead driver... More »

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Iowa • crime • theft • cocaine • murder • car crash • Iowa City • embezzlement • killings • shooting • Stephen Sueppel

 $1M Embezzled From GOP 

Former committee treasurer under scrutiny

Mar 14, 08 7:07 AM CDT
(Newser) - One of the Republican Party's former top bureaucrats is suspected of embezzling up to $1 million from the party's campaign coffers, reports the Washington Post. The former National Republican Congressional Committee treasurer allegedly diverted money into his personal accounts for four years. The news is a tough hit for... More »

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FBI • fraud • GOP • Republican Party • embezzlement • Federal Election Commission • Peter King • Tom Cole • NRCC • National Republican Congressional Committee • financial irregularities • Covington & Burling • Christopher J. Ward • Robert K. Kelner

Conrad Black Starts 6½-Year Prison Term

Ex-media tycoon surrenders in Fla.
as he appeals ruling

Mar 3, 08 6:54 PM CST
(Newser) - Ex-newspaper mogul Conrad Black arrived at a Florida prison today to start his 6-and-1/2 year term for fraud and obstruction of justice, Reuters reports. He stayed mum as his wife drove him in, but is appealing the ruling that he helped bilk his former company of $6.1 million. "... More »

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Florida • newspaper • prison • appeal • Conrad Black • embezzlement • sentence

Chirac Faces Pilfering Probe

Ex-prez grilled for 3 hours about funds for friends, allies during years as mayor

Nov 22, 07 3:12 PM CST
(Newser) - A French magistrate launched a probe yesterday into claims that former President Jacques Chirac skimmed funds while in office, the Independent reports. Chirac, who turns 76 next week, is accused of using tax money to back friends and allies during his reign as mayor from 1977 to 1995. More accusations... More »

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Jacques Chirac • France • embezzlement • probe

'NSync Mogul Accused of Sleeping With Boy Singers

'If the truth came out, it would ruin careers'

Oct 13, 07 8:27 AM CDT
(Newser) - Boy band "svengali" Lou Pearlman is accused of scamming more than $300 million, but some ex-singers and moms say there's more: The 'NSync and Backstreet Boys mogul pressured his underage wannabe stars for sex. One ex-assistant has gone on record with Vanity Fair, saying, "There was one guy... More »

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music industry • pedophile • embezzlement

'Time' Loses Suharto Lawsuit

Sep 10, 07 7:57 PM CDT
(Newser) - Time must pay former Indonesian dictator Suharto $106 million over a 1999 article that defamed him, that country's highest court ruled today. The ruling, over a story that claimed Suharto stole some $73 billion during his bloody rule that spanned four decades, comes after lower courts twice ruled in Time's... More »

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Indonesia • lawsuit • defamation • Suharto • Time magazine • human rights abuse • embezzlement

17 Stories


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