On the same day that people linked to the three politically connected Gupta brothers were granted bail by a South African court after appearing on graft charges, one of the siblings, Ajay Gupta, was declared a fugitive.
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The CBOE Volatility Index, known as the VIX, has been "suspect for at least seven years," says Bart Chilton, former CFTC commissioner. The whistleblower allegation of VIX manipulation "rings true to me," Chilton says.
Philanthropic heirs to OxyContin fortune have a 'moral duty to help make this right' says the widow of one of Purdue Pharma's founders The Sackler Drug Rehab Facility, unlike the prestigious Sackler art galleries of New York and London does not exist. Yet. If lawyers have their way, however, or public opinion pricks a few consciences, it may soon.
Consumers from Massachusetts today filed a class-action lawsuit against Nestle for allegedly regularly importing cocoa beans from suppliers in the Ivory Coast using the worst forms of child labor as recognized by the UN, including dangerous child labor and the slave labor of trafficked children, according to Hagens Berman.
The Business Times and The Straits Times reported on Feb 11 and Feb 12 respectively that Keppel Corp said it has not yet been served with the court papers relating to a new racketeering lawsuit brought against Keppel Offshore & Marine (Keppel O&M) by certain funds managed by EIG Global Energy Partners in the United States.
Dutch lender Rabobank's California subsidiary agreed Wednesday to forfeit $369 million after a long-running investigation concluded the unit was used to launder millions of dollars in Mexican drug money. The subsidiary, Rabobank National Assn., also pleaded guilty to one count of conspiracy to defraud the United States.
Whether they know it or not, investors should also be thanking Dodd-Frank whistleblowers for playing a central role in policing both traders and exchanges.
For all of the attention on US and international cases, Europe has been home to some of the world's most spectacular whistleblower revelations in recent years.
Honest investors in public markets which one way or another refers to most Americans expect the government to make sure traders and the very exchanges on which they trade are not breaking the rules to rip them off. Whether they know it or not, investors should also be thanking Dodd-Frank whistleblowers for playing a central role in policing both traders and exchanges.
Digital currencies such as bitcoin were in the spotlight again on Tuesday as lawmakers in the U.S. Senate questioned top markets watchdogs over how to better regulate the highly volatile and risky emerging asset class.
Corporate scandals are often the impetus for greater regulation. The Enron, Worldcom, and Arthur Andersen revelations led to the Sarbanes-Oxley Act, and the excesses of the financial sector paved the way for the Dodd-Frank Wall Street Reform and Consumer Protection Act. Regulators on both sides of the Atlantic made changes in the wake of the Volkswagen emissions scandal.
"Haven knowingly submitted false claims to the Medicare and Medicaid programs for medically unnecessary hospice care for certain patients who had lengths of stays greater than three years," Acting U.S. Attorney W. Stephen Muldrow in Jacksonville said in a prepared statement.
ONI operates independent diagnostic testing facilities (IDTFs) in Delaware and Maryland. The lawsuit alleges that ONI and Pfarr knowingly submitted false claims to Medicare
The U.S. Securities and Exchange Commission obtained a court order freezing the assets of a Texas-based initial coin offering that claimed to have raised more than $600 million.
The Commodity Futures Trading Commission today announced, in conjunction with the Department of Justice and Federal Bureau of Investigation's Criminal Investigative Division, criminal and civil enforcement actions against three banks and six individuals involved in commodities fraud and spoofing schemes.
Prosecutors on Wednesday asked a federal judge to side with a magistrate judge and let them add more claims to a whistleblower's allegation that Fresenius Medical Care Holdings Inc. violated the False Claims Act by billing Medicare for unnecessary hepatitis B tests.
False Claims Act (FCA) whistleblowers have enabled the federal government to recover nearly $30 billion, and in 2017 alone, qui tam cases filed by whistleblowers generated $898 million in recoveries.
Drs. Aytac Apaydin and Stephen Worsham, urologists based in Northern California, will pay $1.085 million to resolve allegations that they submitted and caused the submission of false claims to Medicare for image guided radiation therapy (IGRT) that was referred and billed in violation of the physician self-referral law (commonly known as the "Stark Law") and the Anti-Kickback Statute.
Allegations in a whistleblower lawsuit claimed that the San Diego-based health system improperly billed government-sponsored health plans for physical therapy services. Scripps Health will pay $1.5 million to resolve False Claims Act allegations related to improper billing for physical therapy services, the Department of Justice announced.
The former head of Barclays Capital Inc.'s (Barclays) New York foreign exchange trading operation was charged yesterday in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as "front-running." The charges relate to the manipulation of foreign exchange options in advance of an exceptionally large trade by the Palo Alto, California-based Hewlett-Packard Company.
