The owner of Expansion Media (Expansion) and Hybrid Management Group (Hybrid) pleaded guilty in connection with a $110 million telemedicine fraud scheme involving medically unnecessary durable medical equipment (DME), including orthotics such as back and knee braces. Steven Richardson, 40, of Parkland, Fla., pleaded guilty to one count of conspiracy to commit health...

British billionaire Joe Lewis, was sentenced to three years of probation Thursday after pleading guilty to insider trading in New York and admitting to sharing business secrets with personal friends. The sentence also includes a $5 million fine and restrictions on his business activities for years...

A new report issued by the US Cyber Safety Review Board examining the damaging cyber attacks committed by Storm-0558 from China, which caused enormous loss of data was preventable but was not halted due to Microsoft's security systems and culture were was inadequate and requires an overhaul. “The board finds that Microsoft...

The Credit-rating agency Standard & Poor's will pay $77 million to settle with U.S. and state regulators over "fraudulent misconduct." The SEC and state attorneys general alleged that the company publicly misrepresented the methodology it was using to rate six different CMBS products in 2011. In...

The owner of two California-based hospice companies, and his biller and consultant, were sentenced yesterday for their respective roles in a scheme that resulted in stealing over $9 million from Medicare in false and fraudulent claims for hospice services. Gayk Akhsharumov, 40, of Glendale, California, the manager and...

There is an interesting article in the Wall Journal dated today, March 29, 2024 which says that the U.S. Commerce Department has sent letters to more than 20 U.S. companies with a list of 600 foreign parties that appear to be selling restricted technology to Russia. The full article is here:

The United States Cybersecurity and Infrastructure Security Agency has released draft of the rules explaining how critical infrastructure companies must report cyberattacks to the government. Companies owning and operating infrastructure will need to report significant cyberattacks within 72 hours and report ransom payments within 24 hours. The rules target any company...

Cybersecurity The U.S. Securities and Exchange Commission is actively probing technology and telecom companies on how they responded to the SolarWinds cyber attack in 2020, according to Bloomberg. The hack of SolarWinds, was one of deepest and most sophisticated cyber...

A Florida man Robert M. Clark, pleaded guilty today to his role in a scheme to defraud Medicare by billing for over-the-counter COVID-19 test kits and genetic tests that were ineligible for reimbursement and procured by paying illegal kickbacks and bribes.  Clark,of Pompano Beach, was...

The Securities and Exchange Commission has issued insider trading charges against Andreas “Andy” Bechtolsheim, the founder and Chief Architect of Silicon Valley-based technology company Arista Networks, Inc. To settle the SEC’s charges, Bechtolsheim agreed to pay a civil penalty of nearly $1 million. and will be barred from...