A federal grand jury has indicted Linwei Ding, aka Leon Ding, charging him with four counts of theft of trade secrets in connection with an alleged plan to steal from Google LLC (Google) proprietary information related to artificial intelligence (AI) technology. The announcement was made by Attorney General...
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Generic pharmaceutical maker KVK research Inc. pleads guilty to distributing adulterated drugs and pays $1.5 Million crminal penalty and $2 million to settle False Claims Act case
KVK Research Inc., a generic drug manufacturer in Bucks County, Pennsylvania, pleaded guiltyto criminal charges that it introduced adulterated drugs into interstate commerce. In a criminal information filed in federal court in Philadelphia charged KVK Research and its corporate affiliate, KVK Tech Inc., with two misdemeanor...
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Advanced Micro Devices will reportedly need export license for AI Chips tailored for China
Advanced Micro Devices (AMD) has been told by U.S. officials that the chips it has designed are still too powerful to sell to China and that the company will have to obtain a license from the Commerce Department to sell the...
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Russian international money launderer pleads guilty to procuring U.S. manufactured military grade microelectronics for Russian entities
Defendant Maxim Marchenko Participated in Overseas Illicit Procurement Network That, After Russia’s Invasion of Ukraine, Illegally Procured Large Quantities of Dual-Use, Military Grade Organic Light-Emitting Diode (OLED) Micro-Displays which have application for riflescopes, night vistion goggles, thermal optics and other weapons systems.
Maxim...
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Gunvor Group unit largest energy commodity trading firm to pay $661 Million after guilty plea in bribery scheme
A Gunvor Group, unit the world’s largest energy commodity trading firms, will pay $661 million after it admitted to bribing Ecuadorean officials. From 2012 to 2020, Gunvor and co-conspirators paid more than $97 million to intermediaries who would use some of the money...
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SEC charges advisory firm HG Vora for disclosure failures before Ryder acquisition HG to pay $950,000
The Securities and Exchange Commission announced settling charges against New York-based investment adviser HG Vora Capital Management LLC for its failure to make timely ownership disclosures in the lead-up to its May 2022 acquisition bid for trucking fleet company Ryder System Inc. HG Vora agreed to pay a...
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Four Chinese nationals arrested in Georgia over pot farm with potential value of $22 Million
Four Chinese nationals in connection with a Marijuana grow operation with an estimated street value of $22.3 million.
The four Chinese nationals—identified as Zhu Sheng Bing, Jinpeng Ma, Chenhui Shu, and Wei Sheng Deng—were arrested and booked last...
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Pharmacy owner and operations manager convicted by jury of $2.3 Million Medicaid fraud
A federal jury convicted an Ohio pharmacist Nathanial Thompson and his operations manager, Sanam Ahmad pharmacy of the Thompson Pharmacies for conspiring to defraud Ohio’s Medicaid program.
According to court documents and evidence presented at trial, Thompson, and...
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Ontario Securities Commission issues award of $1.5 Million to whistleblower
The Ontario Securities Commission (OSC) issued an award of CAD $1,500,000 to a whistleblower who provided information which allowed the OSC to act swiftly to protect investors from harm.
The whistleblower was an insider and submitted very specific and discrete non-public information to the OSC that broadened the scope...
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SEC charges former Alfi Uptix 12 CEO Paul Pereira with fraud for false statements on social media about their revenue
The Securities and Exchange Commission has charged Paul A. Pereira, the former CEO and co-founder of Alfi, Inc., a/k/a Uptix-12 with making materially false and misleading statements on social media about the company’s financial and performance metrics in an attempt to boost the now defunct company’s...
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