# Corruption
Latest news and articles about Corruption
Total: 3 articles found
Procurement Scandal Triggers Rare South Korean Raid on U.S. Air Force Base
South Korean prosecutors have raided Kunsan Air Base to investigate a local employee suspected of a $175,000 procurement fraud scheme. The case highlights jurisdictional complexities and the risks of corruption within the civilian workforce supporting U.S. military operations.
The Crypto Mirage: Ohio Brothers Jailed for Posing as Emirati Royalty to Defraud Chinese Investors
Two Ohio brothers were sentenced to over 20 years in prison for a $21 million fraud scheme where they posed as UAE royalty to scam international investors. Their largest victim, a Chinese investor, lost $18 million in a fake cryptocurrency mining operation facilitated by a corrupt East Cleveland city official.
China’s Regulatory Irony: Former CSRC Vice Chairman Prosecuted for the Very Crimes He Vowed to Crush
Former CSRC Vice Chairman Wang Jianjun is being prosecuted for taking massive bribes and abusing his power over IPO approvals and corporate financing. The case highlights a stark contrast between his public 'tough on crime' stance and his alleged role in systemic corruption within China's top securities watchdog.