Executives at IBM IBM, -0.16% referred to the company’s older workers as “dinobabies” in internal email correspondence, according to a new age-discrimination lawsuit. These emails were submitted as ev...
Tag: Corporate crime
Companies founded by Martin Shkreli will pay in Daraprim case
Ex-pharmaceutical executive Martin Shkreli arrives at the U.S. District Court for the Eastern District of New York in June, 2017. Getty Images Companies founded by notorious “Pharma Bro” M...
‘No one is above the law’: Oil tycoon tried to stiff his ex-wife in a bitter divorce — now he’s going to prison for tax evasion
Todd Kozel made his riches in the oil fields of Kurdistan and now will have to pay the price. The once-jet-setting co-founder and chief executive of Gulf Keystone Petroleum is headed to prison for fiv...
Opinion: ‘Better than a 401(k)’? Scammer blew through more than $5 million of investors’ money earmarked for retirement
According to the Securities and Exchange Commission, Marco “Sully” Perez of Midland, Texas, used to tell his clients that his investment scheme was better than a 401(k). Now the U.S. District Court in...
Moderna and Novavax Stocks Get Whacked by Supreme Court’s Vaccine Decision
Text size A nurse takes a Moderna Covid-19 vaccines ready to be administered at a vaccination site Apu Gomes/AFP via Getty Images Novavax stock and shares of other vaccine makers fell Friday after the...
Student-Loan Processor Navient to Cancel $1.7 Billion of Debts
One of the nation’s largest student-loan processors will cancel the debt of 66,000 borrowers, totaling $1.7 billion, in an agreement with 40 state attorneys general. The agreements resolve all six out...
Founder of nationwide tax-prep firm sentenced to prison for skimming $70 million in exorbitant fees over a 5-year period
Talk about a tax burden. The founder of a nationwide tax preparation chain has been sentenced to a year and a day in prison for running a tax refund advance scheme that fleeced customers with $70 mill...
How Many Years Could Elizabeth Holmes Face in Prison? Decades, in Theory
Elizabeth Holmes’s potential prison term for defrauding investors, like her company’s blood-testing technology, will likely fall short of what is advertised, according to an analysis of federal data b...