Federal grand jury returns indictment on CEO of SEG Armor for illegally selling US Government Chinese made body armor through GSA

  The Chief Executive Officer of Surveillance Equipment Group (SEG) and SEG Armor, Arthur Morgan of Virginia has been indicted by a federal grand jury for selling ballistic vests, helmets, riot gear and other items that were made in Mainland China. Morgan is alleged to have certified that the products were made in the United […]

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Gordon Pederson of Utah posing as medical doctor to sell baseless cure for COVID-19 indicted on fraud charges

Utah resident Gordon H. Pedersen has been indicted for posing as a medical doctor to sell a baseless treatment for coronavirus (COVID-19).  According to the indictment returned by a federal grand jury in Salt Lake City late last week, Pedersen fraudulently promoted and sold ingestible silver-based products as a cure for COVID-19 despite having no […]

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Cordant Health Solutions, drug testing lab pays $12 million to settle charges it paid kickbacks for referrals of drug tests paid by Medicare

The U.S. Department of Justice and Sterling Healthcare Opco, LLC d/b/a/Cordant Health Solutions (Cordant), today settled a civil suit alleging Cordant illegally paid kickbacks to generate urine testing business from government insured consumers.  Cordant has agreed to pay various government healthcare programs $11,942,913 to settle the allegations.  Twenty percent of the settlement will go to […]

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YouPlus Silicon Valley startup claiming machine learning tools to analyze videos on the net charged by SEC with defrauding investors

The Securities & Exchange Commission has filed a Complaint against  Shaukat Shamim, the founder and CEO of YouPlus,purporting to have developed a machine-learning tool to analyze videos on the internet,of misrepresenting the company’s financial condition.  According to the complaint, Shamim falsely told investors that YouPlus earned millions of dollars in annual revenue and had more […]

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FCPA - Foreign Corrupt Practices Act book

An Overview of the Foreign Corrupt Practices Act

The Foreign Corrupt Practices Act (FCPA) is a federal law that prohibits companies from bribing foreign government officials to benefit their business interests. Specifically, it prohibits companies and their officers from offering things of value to foreign officials to secure business, such as: Cash and payments; Travel, gifts, and entertainment; and Charitable contributions. In addition, […]

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UBS Financial Services Inc. pays $10 million to settle charges that it broke rules on giving priority to small investors in bond purchases

UBS Financial Services Inc. allocated municipal bonds meant for retail investors to so-called “flippers,” who then immediately resold the bonds to other broker-dealers for gain between 2012 to 2016, according to the Securities & Exchange Commission. UBS Financial Services Inc. has agreed to pay more than $10 million to resolve charges that it circumvented the priority […]

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Boston based Alexion Pharmaceuticals pays $21.5 million to settle charges of foreign bribes in Turkey, Russia and Brazil to sell their drugs

Boston-based Alexion pharmaceutical company, agreed to pay $21.5 million to settle charges it violated the Foreign Corrupt Practices Act (FCPA). A settlement, announced by the Securities and Exchange Commission (SEC), alleges that the company’s foreign subsidiaries in Turkey and Russia paid government officials to promote their drugs and that their Brazilian and Columbian subsidiaries contracted […]

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Graph of international stocks

An Overview of Tariff and Customs Fraud

When importers intentionally fail to pay the required tariffs on goods that they bring into the country, this is a form of fraud. Not only does this type of activity deprive the government of valuable revenue, but it undermines our country’s trade policy and gives cheating companies an unfair advantage over their law-abiding competitors. Unfortunately, […]

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Mental health professional taking notes

What Is Mental Health Facility Fraud?

Mental health facility fraud is a major problem in the United States. Not only does mental health facility fraud have financial consequences, but it jeopardizes the well-being of patients. Mental health facility fraud can occur in mental health facilities such as residential facilities, nursing homes, and community mental health centers, and it may involve psychologists, […]

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Ten indicted in $1.4 Billion scheme allegedly billing for fraudulent lab tests

Ten people have been indicted in connection to a scheme of using rural hospitals across multiple states to allegedly bill private insurance companies for fraudulent laboratory testing claims.Those charged in an indictment filed in the Middle District of Florida include defendants Jorge Perez, 60, of Miami-Dade County, Florida; Seth Guterman, 54, of Chicago, Illinois; Ricardo […]

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