Fraud, Corruption | featured news

New York State Sen. Malcolm Smith and five other politicians pleaded not guilty Tuesday to corruption charges in connection with an alleged plot to buy a line on New York City's mayoral ballot. The allegations revived public concerns about a documented culture of exploitation in Albany that has prompted officials to seek legal recourse to induce change.

Fear of embarrassment and budget cuts led California parks officials to intentionally conceal millions of dollars in a department account, according to an investigation conducted by the state attorney general's office.

As much as $60 billion in U.S. tax dollars has been lost to waste and fraud in Iraq and Afghanistan over the past decade due to lax oversight of contractors, poor planning and corruption, according to an independent panel....

Panicked as the FBI closed in Friday morning, Prince Georges County Executive Jack Johnson and his wife Leslie raced to find a $100,000 check for an alleged kickback and flush it down the toilet.

Two ex-Blackwater Worldwide employees allege the company charged the government for a prostitute and strippers and kept incompetent personnel for financial reasons, part of what they call a systematic pattern to defraud authorities.

Barrett Wissman is the first investment executive to be implicated in an investigation of corruption at the New York state pension fund.