Ericsson telecom pays over $1 Billion to DOJ and SEC for foreign bribes to foreign officials in China, Vietnam, Indonesia and Kuwait

  Ericsson agreed to pay the DOJ and SEC over $1 billion in one of the biggest Foreign Corrupt Practices Act enforcement actions ever. Telefonaktiebolaget LM Ericsson will pay the DOJ a criminal penalty of over $520 million and nearly $540 million to the SEC in disgorgement and interest. An Ericsson subsidiary from Egypt pleaded […]

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SEC charges Iconix Brand Management Group and 3 former execs with accounting fraud creating fake revenue to meet analyst estimates

The Securities and Exchange Commission today charged brand-management company Iconix Brand Group Inc. and three of its former top executives with fraud. Iconix and two of its former executives have agreed to settle. The SEC’s litigation is proceeding against Iconix’s former CEO. The SEC’s complaint against former Iconix CEO Neil Cole and former Chief Operating Officer Seth Horowitz […]

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Hospitals pay $20 million to settle allegations of false claims to Medicare, Medicaid and TRICARE and for unnecessary spinal surgeries

Sanford Health, Sanford Medical Center and the Sanford Clinic (collectively, Sanford)  have agreed to pay $20.25 million to resolve False Claims Act (FCA) allegations that they knowingly submitted false claims to federal health care programs, including Medicare, Medicaid and TRICARE, resulting from violations of the Anti-Kickback Statute and medically unnecessary spinal surgeries. The Anti-Kickback Statute […]

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Framingham Massachusetts Lab pays $26.67 Million to resolve allegations of payment kickbacks for patient referrals and improper billing

Laboratory Boston Heart Diagnostics Corporation (Boston Heart), of Framingham, Massachusetts, has agreed to pay $26.67 million to resolve False Claims Act allegations involving payments for patient referrals in violation of the Anti-Kickback Statute and the Stark Law, as well as claims otherwise improperly billed to federal healthcare programs for laboratory testing, the Department of Justice […]

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SEC wins verdict in federal court jury case against trading firm Avalon FA Ltd in Ukraine for manipulative “layering” trading schemes

Today, jurors in New York federal court returned a verdict in the Securities and Exchange Commission’s favor against a trading firm headquartered in Kiev, Ukraine, and two individuals for their roles in an unlawful trading scheme that generated more than $25 million in illicit profit. The SEC’s evidence at trial showed that Nathan Fayyer and […]

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Pharmacy Plus Specialty pays $10 million to resolve Medicare fraud False Claims Act case for medications billed despite no medical need

Pharmacy Plus and Pharmacy Plus Specialty (collectively, Jewish Hospital), of Louisville, Kentucky, have agreed to pay $10,101,132 to resolve False Claims Act allegations that they knowingly submitted false claims to the Medicare program, the Department of Justice has announced. “Healthcare providers will be held accountable when then knowingly submit false claims for prescription drugs that […]

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FDA investigating rotting yellow fin tuna resulting from Vietnamese company resulting in 47 people getting sick

The Food and Drug Administration is investigating an outbreak of food poisoning linked to yellowfin tuna from Vietnam that has resulted in 47 people nationwide getting sick and one person being hospitalized. Yellowfin is also known as ahi. The FDA said it has placed yellowfin tuna Truong Phu Xanh Co, LTD of Vietnam on Import Alert […]

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LA Times investigation shows dangerous nuclear radiation leaks in Marshall Islands from our storage worse than Fujikima as the sea levels rise

The United States has deposited more than 3.1 million cubic fees of radioactive soil and debris including plutonium to the Runit Dome in the Marshall Islands and now the dome, called “the Tomb is a major risk of collapsing from rising seas and other effects of climate change. Officials in the Marshall Islands have sought […]

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SEC awards over $260,000 to whistleblower over top on fraud

The Securities and Exchange Commission today announced an award to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors.  The information led to a successful enforcement action.  The whistleblowers, who were themselves harmed investors, will collectively receive a payment of over $260,000 based on current collections. “Because […]

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