The Citadel Consulting Group, LLC d/b/a Citadel Care Centers LLC and TCPRNCLLC d/b/a Plaza Rehab and Nursing Center will pay $7.85 Million to settle the False Claims Act case filed by Relator Wendy Morales concerning her grandfather. She observed that the Plaza personnel intentionally disenrolled her grandfather from his Medicare Advantage Plan...

UBS Financial Services Inc has agreed to pay $25 million to settle SEC fraud charges relating to a particular investment strategy called Yield Enhancement Strategy. According to the SEC’s...

There is a fascinating article in the Wall Street Journal raising questions about preset trading plans by company insiders. It suggests that some executives are benefitting when sales happen quickly after the plans’ adoption. It also says academics and the SEC say some corporate insiders might be using nonpublic information to game...

A Florida woman, Martha Hippolyte, was sentenced today to 30 months in prison for a scheme to solicit and receive illegal kickbacks and bribes in exchange for referring residents of her sober home to a substance abuse treatment center, which billed insurance companies $4.5 million for medically unnecessary drug testing and purported...

New England Prescription Opioid Strike Force to Combat Unlawful Prescribing Amidst Continuing Opioid Epidemic The United States Justice Department’s Criminal Division is announcing the formation of the New England Prescription Opioid (NEPO) Strike Force, a joint law enforcement effort that brings together the resources to identify and investigate...

The Securities and Exchange Commission (SEC) has opened an investigation into Ericsson’s handling and reporting of its ongoing Iraq corruption issues. The investigation is the latest by the SEC into the Ericsson following its payment of $1.06 Billion The SEC probe relates to Ericsson admitting to...

The Securities and Exchange Commission charged Ernst & Young LLP (EY) for cheating by its audit professionals on exams required to obtain and maintain Certified Public Accountant (CPA) licenses, and for withholding evidence of this misconduct from the SEC’s Enforcement Division during the Division’s investigation of the matter. EY admits the facts...

Carnival Cruise Line has agreed to pay a $1.25 million settlement over a case brought by 45 state attorneys general and the District of Columbia over a 2019 data breach that involved the personal information of 180,000 Carnival employees and customers nationwide. In March 2020, Carnival, through subsidiaries reported the...

Finra fined National Securities Corporation $9 million for alleged regulatory violations, including that the broker-dealer attempted to artificially influence the market for public offerings it underwrote. Finra accused the firm of negligently omitting material information to investors, making inaccurate representations to Finra, and...

Because investment banks are positioned between corporations and financial markets, they help clients issue shares of stock leading into initial public offerings. They also help high-net-worth individuals invest their funds., Because of this, they gather sensitive and valuable financial information about the corporations they serve. According to security intelligence companies, the banking...