Durable medical equipment maker Resmed to pay #37.5 million for paying kickbacks to DME suppliers, sleep labs and others

ResMed Corp., a manufacturer of durable medical equipment (DME) based in San Diego, California, has agreed to pay more than $37.5 million to resolve alleged False Claims Act violations for paying kickbacks to DME suppliers, sleep labs and other health care providers, the Department of Justice announced today. “Paying any type of illegal remuneration to […]

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Fomer Countrywide Exec awarded $57.6 million in whistelblower case involving mortgage fraud. One of the largest awards ever

Edward O’Donnell, a former executive at mortgage lender Countrywide Financial, is set to collect a cool $57.6 million from Bank of America (BAC), for his role in exposing fraudulent activity at the firm. A  federal grand jury ruled that Countrywide Financial, which is now owned by Bank of America, had defrauded government-backed firms Fannie Mae and Freddie […]

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Caldwell University pays more than $4.8 Million to settle charges of defrauding vets and the VA education program

Caldwell University must pay the United States more than $4.8 million to resolve allegations that it engaged in a fraudulent scheme to defraud a federal education benefit program, U.S. Attorney Craig Carpenito announced. “Caldwell University tried to hoodwink the Department of Veterans Affairs and, worse, veterans themselves, by claiming to offer online classes developed and […]

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Securities and Exchange Commission investigating BMW for possible “punching” sales numbers to falsely inflate company value

The Securities and Exchange Commission investigating   Bayerische Motoren Werke AG (BMW) for possible manipulation of  sales figures, according to The Wall Street Journal. The SEC is specifically looking into whether BMW has been engaging in a practice known as sales punching in the U.S.,  which  is when a company boosts sales figures by having dealers […]

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U.S. Government joins healthcare fraud suit against Omnicare and CVS for billing invalid prescriptions to elderly and disabled

[T]he United States has filed a civil healthcare fraud lawsuit against OMNICARE, INC., and its parent company, CVS HEALTH CORPORATION.  The Government’s Complaint seeks damages and civil penalties under the False Claims Act for fraudulently billing federal healthcare programs for hundreds of thousands of non-controlled prescription drugs dispensed based on stale, invalid prescriptions to elderly […]

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Federal agencies raid three offices of Caterpillar relating to export filings and tax evasion investigation by the IRS

Federal law enforcement officials from three federal agencies raided three central Illinois facilities of manufacturer Caterpillar as part of an investigation the company said may be related to business with its Swiss subsidiary CSARL. Officials from the IRS, Department of Commerce and the Federal Deposit Insurance Corporation Office of Inspector General searched the Peoria, Illinois, […]

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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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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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