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...
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Category: Fraud
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,...
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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...
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Feds arrest blood testing firm President on fraud charges for submitting $69 million in fraudulent claims for allergy and COVID-19 tests
Mark Schena, the president of a California company called Arrayit has been arrested on fraud charges for allegedly misleading investors and paying for patient referrals for the company's blood tests for allergy and COVID-19 detection. The charges were that he and Arrayit allegedly misled investors, manipulated the company's stock price, and conspired to commit...
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Federal court orders halt to sale of silver product fraudulently touted as COVIN-19 cure
A federal court in Utah has entered an injunction halting the sale of a fraudulent coronavirus (COVID-19) treatment, the Department of Justice announced today.
In response to a civil complaint and accompanying court papers filed on...
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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...
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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...
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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...
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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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