Financial graph monitoring cryptocurrency stocks.

What Is Cryptocurrency?

Cryptocurrency is a popular digital medium of exchange. Cryptocurrency is not controlled by a central authority, such as the Federal Reserve. This theoretically makes cryptocurrencies immune to government control and interference, which is an attractive feature to cryptocurrency investors. In addition, cryptocurrencies can be transferred directly between two parties via the use of public and […]

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Medical diagnostics giant in Boston PerkinElmer under investigation for unnecessary genetic cancer tests

Boston’s medical diagnostics giant PerkinElmer Inc is the focus of a federal investigation about alleged Medicare fraud involving tens of thousands of unnecessary genetic cancer tests. Investigators are probing whether PerkinElmer enabled a scheme by some its laboratory clients. PerkinElmer ran high volumes of tests for those clients. Investigators are examining whether the firm knew […]

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Securities & exchange Commission orders Morningstar Credit Ratings to pay $3.5 million for conflict of interest violations

The Securities and Exchange Commission today charged New York-based credit rating agency Morningstar Credit Ratings LLC for violating a conflict of interest rule designed to separate credit ratings and analysis from sales and marketing efforts. Morningstar has agreed to pay $3.5 million to settle the charges. The SEC’s order finds that from mid-2015 through September […]

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As COVID-19 tanks stock market, cryptocurrency interest accounts drawing investors some high as 15% ; but better read the small print

As the stock market has sustained a direct hit by the CORONA-19 Virus, investors are seeking alternatives like precious metals and cryptocurrencies like BITCOIN and now cryptointerest accounts some of which are offering up to 12% interest on stable coins. One company, Crypto.com offers investors earning up to 6.5% on Bitcoin, 12% on stablecoins and […]

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The Internal Revenue Service hiring independent consults to help find cryptocurrency tax evaders

The  IRS sent out a statement of work (SOW) on May 12 requesting help from independent consultants to crack down on cryptocurrency tax non-compliance. According to the SOW, the IRS is seeking help from technology companies with crypto tax software to reconcile taxpayers’ reported cryptocurrency gains and losses on the tax returns. The process includes […]

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UTC Laboratories genetic testing to pay $42.6 million to end charges of unnecessary pharmacogentic testing and kickbacks for lab referrals

 UTC Laboratories, Inc. (RenRX) has agreed to pay $41.6 million, and its three principals, Tarun Jolly, M.D., Patrick Ridgeway, and Barry Griffith, have agreed to pay $1 million to resolve allegations that they violated the False Claims Act by paying kickbacks in exchange for laboratory referrals for pharmacogenetic testing and for furnishing and billing for […]

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Genova Diagnostics Inc. Lab pays up to $43 million to settle charges of Medicare fraud on clinically unnecessary lab gastro effects tests

Genova Diagnostics had agreed to pay up to $43 million to settle allegations that it had fraudulently billed the federal government for unnecessary lab services. The complaint filed with the federal court in May 2018, Genova allegedly sought and received payment for fecal, blood and urine tests that have not been scientifically proven to diagnose any […]

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Herbalife discloses potential $123 million settlement with DOJ and SEC over allegations of bribed in China

Herbalife Nutrition Ltd. said in its recent financial report Thursday that it has “reached an understanding” to pay up to a combined $123 million to settle regulatory investigations by the Securities and Exchange Commission and U.S. Justice Department. Those investigations were about Herbalife’s China business activities and “the adequacy of and compliance with the company’s […]

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