International Vitamins Corporation (“IVC”), a United States-based company that imports and sells vitamins and nutritional supplements from China has agreed to pay $22.8 million to settle a case alleging that   for years, IVC defrauded the United States by misclassifying more than 30...

T-Mobile has said in a regulatory filing that its most sensitive records such as credit card numbers, social security numbers, birth dates and billing addresses of about 37 million of its customers have been accessed by cyber hackers. Accordibng to the company, its systeks weren't breached but someone was improperly obtaining data...

The Securities and Exchange Commission today announced three awards totaling approximately $18 million to three whistleblowers whose information and assistance led to a successful enforcement action. The first whistleblower provided the SEC with detailed and significant information that led to the opening of an investigation into a fraudulent scheme....

The Securities and Exchange Commission has filed a case against Covington & Burling, one of the largest law firms in the United States, seeking an Order of the Court to compell it to comply with an SEC investigative subpoena relating to a Russian cyber attack around November 2020. According to the Government...

A new study,published by a professor of finance at the University of Toronto, reveals that 10 percent of public companies are committing securities fraud which is damaging 1.6 percent of equity value each year equal to about $830 billion in 2021. The study is published in the Review of Accounting Studies...

U.S. Customs and Border Protection has stated that there is a reasonable suspicion that an importer is evading the antidumping and countervailing duty orders on forged steel fittings from China by transshipping subject goods through Indonesia, Sri Lanka, and Thailand. As a result, CBP is requiring that for any imports of forged...

Two Texas men and a Louisiana man for conspiracy to defraud the United States and to pay and receive health care kickbacks, resulting the submission of over $107 million in false and fraudulent genetic testing claims to Medicare.

The Securities and Exchange Commission has awarded more than $37 million to a person who reported information about a bribery scheme in a large European healthcare company. That's one of the largest awards paid to an individual by the SEC. The agency did not name the company or the identity of the...

Until recently, federal healthcare regulations required that nonphysician personnel who performed diagnostic tests for an independent diagnostic testing facility (“IDTF”) must have a state license or certification to do such work. 42 C.F.R. § 410.33(c) (2021). On December 20, 2022, the United States Attorney’s Office for the Eastern District of Pennsylvania announced...

Wells Fargo has agreed to pay $3.7 billion in a deal with regulators to resolve allegations that it harmed more than 16 million people with deposit accounts, auto loans and mortgages. The Government alleged that the bank illegally assessed fees and interest charges on loans for cars...