The New York Attorney General Letitia James has ordered two cryptocurrency lending platforms to stop operating in the state and sent three other platforms letters with questions about their operations.
According to Bloomberg, Nexo Financial LLC in a statement confirmed it had received a cease-and-desist letter, and that...
The United States settled a civil fraud lawsuit against QUEEN APPAREL NY, INC. (“QUEEN”), a defunct manufacturer and importer of apparel, and HANK HYUNHO CHOI (“CHOI”), the sole owner of QUEEN, for defrauding the United States by knowingly evading customs duties owed on imported goods. Specifically, the Government alleges that for years...
Three generic pharmaceutical manufacturers, Taro Pharmaceuticals USA, Inc., Sandoz Inc. and Apotex Corporation, have agreed to pay a total of $447.2 million to resolve alleged violations of the False Claims Act arising from conspiracies to fix the price of various generic drugs. These conspiracies allegedly resulted...
In a 32-page decision issued late yesterday, Southern District of New York Judge Mary Kay Vyskocil granted summary judgment for the government in a case where pharmaceutical giant Pfizer challenged an HHS-OIG Advisory Opinion finding that Pfizer could violate the anti-kickback statute (AKS) if it went ahead with a proposal to provide...
Front-running is trading stock or any other financial asset by a broker who has inside knowledge of future transactions about to affect its price substantially. A broker may also front-run based on insider knowledge that their firm is about to issue a buy or sell recommendation to clients that will almost certainly...
Criminal and civil charges have been levied by the United States against GEORGE ILOULIAN, a/k/a “George Illulian,” the CEO of an apparel company located in New York, New York. ILOULIAN was charged with participating in a years-long scheme to defraud CBP by submitting invoices to CBP that...
A federal jury in the Eastern District of Michigan convicted a Michigan doctor Francisco Patino today for his role in masterminding and executing a scheme to defraud Medicare and other health insurance programs by administering medically unnecessary spinal injections in exchange for prescriptions of high doses...
A news release issued Monday, upon the U.S. stock market opening claimed to be from Walmart and said that the nation’s largest retailer would begin accepting payment in Litecoin, a digital currency.
Several media outlets wrote it up thinking it was real. the twitter account for the Litecoin Foundation,...
On September 9, 2021, a judge in the United States District Court for the District of Massachusetts denied Teva Pharmaceuticals' motion to dismiss the United States' complaint alleging that Teva paid hundreds of millions of dollars in kickbacks to Copaxone patients via two foundations, Chronic Disease Fund dba Good Days (CDF)...
A group of South Carolina healthcare providers, laboratories, and testing facilities owned or managed by chiropractor Daniel McCollum will pay a total of $140 million to the U.S. government after failing to defend against charges of kickback schemes and unnecessary testing brought forth by a whistleblower complaint. According to the U.S. Department...
