Wells Fargo to pay $3 Billion settlement with DOJ and SEC foropening millions of accounts without customer authorization

Wells Fargo & Company and its subsidiary, Wells Fargo Bank, N.A., have agreed to pay $3 billion to resolve their potential criminal and civil liability stemming from a practice between 2002 and 2016 of pressuring employees to meet unrealistic sales goals that led thousands of employees to provide millions of accounts or products to customers […]

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China’s telecom giant Huawei charged with racketeering conspiracy and conspiracy to steal U.S. trade secrets

Huawei, China’s giant and the world’s largest telecom company has been indicted on charges of racketeering conspiracy and conspiracy to steal U.S. trade secrets. In addition, charges have also been filed showing Huawei’s Business in North Korea and Assistance to the Government of Iran in Performing Domestic SurveillanceAs revealed by the government’s independent investigation and […]

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U.S. Treasury report says lack of requirement to disclose company beneficial ownership the critical vulnerability in U.S. financial system

The U.S. Treasury has issued a new report which says that a lack of requirements to disclose a company’s beneficial ownership information is one of the most critical vulnerabilities in the U.S. financial system, the U.S. Treasury Department said in a new report. The Treasury’s Financial Crimes Enforcement Network, or FinCEN, in 2018 issued a […]

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Top Harvard University scientist Charles Lieber and Chair of chemistry arrested and accused of lying about his ties to China

Charles Lieber, the well-recognized chair of Harvard University’s Department of Chemistry and Chemical Biology, was arrested and criminally charged with making “false, fictitious and fraudulent statements” to the U.S. Defense Department about his ties to a Chinese government program to recruit foreign scientists and researchers. The Justice Department alleges that  Lieber, 60, lied about his […]

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Johns Hopkins study finds that taking Tylenol while pregnant increases child risk for ADH or autism spectrum disorder by 3 times

A study from researchers at the Johns Hopkins found that exposure to acetaminophen (Tylenol) in the womb may increase a child’s risk for attention deficit hyperactivity disorder or autism spectrum disorder. The researchers analyzed data from the Boston Birth Cohort, a 20-year study of early life factors influencing pregnancy and child development. They found that children […]

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Generic form of heartburn drug Zantac still on shelves despite warnings that it may contain known carcinogen

The manufacturer  of a generic form of the heartburn drug Zantac, Novartis,  will cease distribution of the medicine after investigations suggested that generic and branded versions contain a known carcinogen. A distribution halt is not the same as a full recall, and generic Zantac (ranitidine) remaining on store shelves can still be sold, CBS News reported. In […]

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University of Kansas researcher criminally charged with fraud for failing to disclose full-time employment with Chinese University

A researcher at the University of Kansas (KU) has been indicted on federal charges of hiding the fact he was working full time for a Chinese university while doing research at KU funded by the U.S. government. Feng “Franklin” Tao, 47, of Lawrence, Kansas, an associate professor at KU’s Center for Environmentally Beneficial Catalysis (CEBC), is […]

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Defense contractor executive charged criminally for selling the military cheap knockoff aluminum illegally obtained from Chinese company

Defense contractor Vista Machining Co. has been charged with making false claims about the aluminum he provided for U.S. military aircraft landing gears. Ross Hyde, owner of the company faces up to five years in prison if convicted. But inspectors said many of his products were cheap replacements, some illegally obtained from China, which he […]

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Man Targets Public Employees Retirement Association for $300,000 Health Care Fraud Scheme

Michael Bang, of Mesa, Arizona, was indicted on 20 counts of health care fraud, aggravated identity theft, and wire fraud following the investigation of a health care fraud scheme targeting the Colorado Public Employees Retirement Association (COPERA). According to the Department of Justice, Bang was able to steal around $300,000 through his health care fraud scheme. […]

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U.S. Department of Health alerts public of fraud scheme concerning genetic testing

The U.S. Department of Health and Human Services Office of Inspector General is alerting the public about a fraud scheme involving genetic testing. Scammers are offering Medicare beneficiaries cheek swabs for genetic testing to obtain their Medicare information for identity theft or fraudulent billing purposes. Fraudsters are targeting beneficiaries through telemarketing calls, booths at public […]

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