Oak Street Health, headquartered in Chicago and a wholly-owned subsidiary of CVS Health since 2023, has agreed to pay $60 million to resolve allegations that it violated the False Claims Act by paying kickbacks to third-party insurance agents in exchange for recruiting seniors to Oak Street Health’s primary care clinics.

Prager Metis CPAs LLP, (collectively, the Prager Entities) agreed to pay $1.95 million to resolve two actions alleging misconduct in its audits of the now-defunct crypto asset trading platform, FTX, and auditor independence violations. In one of the actions, the SEC alleges that Prager misrepresented its compliance with auditing...

The Securities and Exchange Commission announced that Prager Metis CPAs, LLC (Prager) and its California professional services firm, Prager Metis CPAs LLP, (collectively, the Prager Entities) agreed to pay $1.95 million to resolve two actions alleging misconduct in its audits of the now-defunct crypto asset trading platform, FTX, and auditor independence violations.

Former CFO and Audit Committee Chair also Charged The Securities and Exchange Commission has filed charges against Paul D. Roberts, the former Chair, CEO, and president of Kubient Inc.; Joshua A. Weiss, the company’s former chief financial officer; and...

The United States has filed a civil lawsuit against Repwire LLC, a Florida Corporation that imports wire and cables. The lawsuit alleges that Repwire made false statements to customs officials in importing aluminum wire into the United States. The lawsuit also names as defendants Repwire’s manager, Jose Pigna, and insurer, American Alternative...

 Electric Utility First Energhy settled a Securities and Exchange Commission investigation and will pay a $100 million civil penalty. The agency said the company participated in a “multi-year political corruption scheme,” made misrepresentations to investors and failed to disclose material related-party transactions. In 2021,...

The Securities and Exchange Commission t charged now-defunct digital pharmacy startup Medly Health Inc’s. co-founder and former CEO, Marg Patel, former CFO, Robert Horowitz, and former Head of Rx Operations, Chintankumar Bhatt, with defrauding investors in connection with capital raising efforts that netted the company over...

The Securities and Exchange Commission announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its...

Press Release A federal jury convicted four pharmacy owners yesterday for conspiracy to commit health care fraud and wire fraud. According to court documents and evidence presented at trial, Raef Hamaed, of Maricopa County, Arizona; Kindy Ghussin, of Greene County, Ohio; Ali Abdelrazzaq,...

Morgan Stanley agreed to pay $2 million to settle the investigation by the Massachusetts securities regulator. The Massachusetts Securities Division investigation found that Morgan Stanley failed to ensure that First Republic’s then-Executive Chairman James Herbert II, whose trades matched details in the consent order,...