The U.S. Customs and Border Protection has uncovered a scheme to evade tariffs and dumping laws regarding quartz surface products from Mainland China. Simpli Home Ltd. is alleged to have evaded existing tariffs to import and sell quartz surface products.. By importing bathroom vanities from Vietnam that incorporate quartz...
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California Hospital, Its CEO, and A Physician Pay $37.5 Million to Resolve False Claims Act Kickback Claims
On July 19, 2021, the United States Department of Justice and the California Department of Justice announced that they reached a $37.5 million settlement with a California hospital company, Prime Healthcare Services, its CEO, and a physician to resolve a variety of allegations, including that the hospital company paid kickbacks to the...
False Claims Act Case Brought by Patient Leads to $27 Million Settlement against Pacemaker Manufacturer St. Jude Medical
On July 8, 2021, the Department of Justice announced that pacemaker manufacturer St. Jude Medical (now owned by Abbott Laboratories) agreed to pay $27 million to resolve a False Claims Act qui tam action alleging that the company sold defective heart devices. Between 2014 and 2016, according to the government, St. Jude...
S.E.C. Chairman Gensler tells Congress crypto needs much more regulation
Regulated exchanges are required by law to have rules that prevent fraud and promote fairness but crypto exchanges have no such standards, Gensler said. "[Y]ou don't know whether the order book is accurately reporting the bids and offers. You don't know if there is front-running. You don't know whether some of the...
S.E.C. using advanced data analytics to detect “front Running” stock purchases
The Securities and Exchange Commission has pressed fraud charges against Sean Wygovsky in connection with a long-running and lucrative front-running scheme, netting more than $3.6 million in illicit gains. According to his LinkedIn Profile, Sygovsky is a Senior Analyst/Trader/Associate in Polar Asset Management Partners in Toronto.
The SEC’s complaint...
New Alzheimer’s drug could mean copayments of about $11,500 per year
A new Biogen Alzheimer's drug, which could cost $56,000-a-year, could require Medicare patients to pay copayments of about $11,500 annually, according to a new research report. The drug, Aduhelm, was approved by the Food and Drug Administration and quickly sparked controversy over its price-tag and questionable benefits. The...
Decline in U.S.-China trade deficit caused by massive tariff evasion says Fed Reserve
A major decline in the U.S.-China trade deficit is being directly caused by major tariff evasion for imported Chinese goods say economists at the Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System. While U.S. trade data appeared to show a narrowing of trade volume between...
DOJ Files Case Alleging that Nursing Home Owner Used Medical Directorship Payments as Guise for Kickbacks to Induce Referrals
On June 14, 2021, the Department of Justice filed a complaint in intervention against Paksn, Inc., a nursing home operator, Prema Thekkek, Paksn’s owner, and seven nursing home companies that Paksan operated and Thekkek owned. The complaint alleged that the defendants paid physicians ostensibly to serve as medical directors of the nursing...
Pharmaceutical Manufacturer Incyte Becomes Latest To Settle Co-Pay Foundation Kickback Allegations
On May 4, 2021, the Department of Justice announced that Incyte Corporation, a Delaware-based pharmaceutical company, agreed to pay $12.6 million to resolve allegations that it used a foundation, Chronic Disease Fund dba Good Days (“CDF”), to funnel kickbacks to Medicare patients taking its own drug. Incyte sells Jakafi, a drug that, through...
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Former DOJ Fraud Prosecutor Gregg Shapiro Joins Jeffrey Newman Law To Form New Whistleblower Law Firm, Newman & Shapiro
BOSTON, MA, April 12, 2021 – After a 16-year career in the Boston United States Attorney’s Office, where he was one of the nation’s most successful fraud prosecutors and recovered billions of dollars for American taxpayers, Gregg Shapiro has joined Jeffrey Newman Law to form Newman & Shapiro, a new whistleblower...
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