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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Whistleblower case says Huntington Ingalls biggest US military ship builder falsified tests on submarine coating placing American lives at risk

A whistleblower has filed a False Claims Act in Federal Court alleging that the sound-dampening coating was improperly affixed  causing the coating to “de-bond” and slip off the submarines while underway. According to the complaint, “since the inception of the program, Virginia-class submarines have been plagued with problems with their exterior hull coating system,” including […]

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Blockchain tech company Block.one must pay $24 Million for unregistered initial coin offering of digital tokens raising several billion

The Securities and Exchange Commission ordered blockchain technology company Block.one to pay $24 million to settle charges it conducted an unregistered initial coin offering of digital tokens (ICO) raising the equivalent of several billion dollars over approximately one year.  The company agreed to pay. According to the SEC’s order, Block.one, which has operations in Virginia […]

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BMO Harris Financial and BMO Asset Management Corp to pay SEC over $37 million for failing to disclose conflicts and management fees

The Securities and Exchange Commission today announced that two BMO advisers have agreed to pay over $37 million to settle charges regarding their failure to tell clients about certain aspects of how the advisers selected investments in their retail investment advisory program, known as the Managed Asset Allocation Program (MAAP), which included the selection of more […]

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Swedish telecom giant Ericsson sets $1.23 billion in reserves to cover fines relating to foreign bribes in China, Greece, Vietnam and more

Ericsson, the Swedish multinational networking and telecommunications company has reserved $1.23 billion to cover fines associated with foreign bribes made by the company in China, Djibouti, Indonesia, Kuwait, Saudi Arabia and Vietnam, based on an investigation. Ericson has a 35% share in the 2-5G mobile market network and is the major competitor to Huaweri, the […]

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SEC charges Price Waterhouse with violating auditor independence rules and PWC agrees to pay $7.9 million to settle the case

Accounting firm PricewaterhouseCoopers LLP was charged by the Securities & Exchange Commission with improper professional conduct in connection with 19 engagements on behalf of 15 SEC-registered issuers and violating auditor independence rules in connection with engagements for one issuer where the firm performed prohibited non-audit services. The SEC also charged PwC partner Brandon Sprankle with […]

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Furniture business exec who falsified documents evading $1.4 million in duties on Chinese goods sentenced to one year home detention

A furniture business executive who falsified documents to avoid more than $1.4 million in import duties on the Chinese goods he sold was sentenced to a year of home detention Monday. Jeff Zeng, president of Blue Furniture Solutions, was also sentenced to spend two additional years on supervised release for his role in mislabeling customs […]

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Defense contractor International SOS Assistance pays $940,000 settling case on not giving discounts to TRICARE military health insurance

International SOS Assistance, Inc., International SOS Government Services, Inc., International SOS, LP, Air Rescue Americas, Inc. Arnaud Vaissié; and Pascal Rey-Herme (collectively, “International SOS”), will pay $940,000 settling allegations that it overcharged TRICARE, the health care insurance system for members of the military services and their families. The overcharges related to aeromedical evacuation services by […]

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US imposes new sanctions on Irans shipping network selling oil and offers reward of $15 million for info that disrupts the operations

The United States has imposed new sanctions on Irans complex and extensive shipping that it uses to sell oil, and the U.S. will pay $15 million to anyone with information that disrupts the scheme. The reward could be rendered to individuals living within or outside the United States. The Treasury Department placed sanctions on 26 […]

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U.S.agencies allow international whistleblowers from any country to reveal fraud under various U.S. whistleblower reward programs

Individuals who are citizens of any country inside or outside the United States, who have information concerning fraudulent billing, foreign bribes, securities fraud, tax evasion or military contract fraud may become whistleblowers under U.S. laws and may be eligible for rewards for revealing the fraud.  For example, in May of this year, a former orthopedic […]

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