Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company's former executives were charged for their roles in facilitating the payment of millions of dollars in a bribe to an Indian government official.
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The allegations resolved by the settlement were brought in a lawsuit filed under the qui tam, or whistleblower, provisions of the False Claims Act.
It is known as the "largest kleptocracy case in the world", a tangled tale of Hollywood celebrities, Malaysian politicians, luxury yachts, Picasso paintings, power and mind-boggling amounts of stolen money.
One of banking's most wanted whistleblowers, Frenchman Herve Falciani, has picked unlikely new weapons to fight money-laundering and fraud - cryptocurrency and the blockchain technology behind it.
Greenway Health LLC (Greenway), a Tampa, Florida-based developer of electronic health records (EHR) software, will pay $57.25 million to resolve allegations in a complaint filed by the United States under the False Claims Act alleging that Greenway caused its users to submit false claims to the government by misrepresenting the capabilities of its EHR product "Prime Suite" and providing unlawful remuneration to users to induce them to recommend Prime Suite, the Justice Department announced today.
And according to documents prepared for the court hearing, suddenly it turns out that a company widely seen as Canada's biggest cryptocurrency trader, a company that described itself as a "leading bitcoin exchange" was really just a guy with a computer.
About $190m in cryptocurrency has been locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him.
The allegations stem from three lawsuits that were filed under the qui tam, or whistleblower, provisions of the False Claims Act, which permit private citizens to bring suit on behalf of the United States for false claims and share in any recovery.
That sent the recipient "over the moon," according to Angelo Agrizzi, a businessman — and now whistle-blower — who detailed, at a continuing government inquiry into public corruption, extravagant bribes doled out to members of the party, the African National Congress, at the highest levels of government.
To become a whistle-blower, Darren Sewell had filed what is known as a "qui tam" complaint the term comes from a Latin phrase that translates as "he who brings an action for the king as well as for himself."
The Food and Drug Administration is sacrificing American lives by continuing to approve new high-strength opioid painkillers, and manipulating the process in favor of big pharma, according to the chair of the agency's own opioid advisory committee.
How did the world's youngest self-made female billionaire lose it all in the blink of an eye?
John Varley, the former chief executive of Barclays, is the first bank boss in the world to face a jury trial over alleged crimes during the global financial crisis a decade ago.
Once again, in fiscal year 2018 health care fraud cases represented the overwhelming majority of successful qui tam cases filed under the federal False Claims Act. Nearly 90% of the money recovered under the False Claims Act last year a total of $2.51 billionwas recovered in health care fraud cases.
Mitsubishi Motors has joined Nissan in accusing Carlos Ghosn of financial wrongdoing, saying on Friday that he secretly received compensation of 7.8 million euros, or almost $9 million, from a joint venture of the two automakers.
Goldman Sachs' new CEO is apologizing for the role of a former banker in Malaysia's multi-billion dollar embezzlement scandal.
Attorney general nominee William Barr reversed his position on the False Claims Act, a law used to fight fraud against the government that serves as a key tool for whistleblowers.
Pacific Gas and Electric said on Monday that it would seek bankruptcy protection as "the only viable option" as the giant California utility faces billions of dollars in liability claims from two years of deadly wildfires.
Every whistleblower should be concerned over President Donald Trump's nomination of William Barr as Attorney General.
The former chief executive of Insys Therapeutics Inc pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness.
