Neurosurgical Associates, LTD and Dignity Health, D/B/A St. Joseph's Hospital, Paid $10 Million to Resolve False Claims Allegations

DOJ

Acting United States Attorney Glenn McCormick announced today that Neurosurgical Associates, LTD and Dignity Health, d/b/a St. Joseph’s Hospital, agreed to pay $10 million to resolve civil allegations that they violated the federal False Claims Act (FCA). read more »

Inside one of Hollywood’s most audacious Ponzi schemes

LA TIMES

What’s the old saying? “Hollywood couldn’t have written this script.” Zachary Horwitz came to L.A. to make it as a movie star. But after a slow start to his career, he began a small-time production company. He allegedly swindled nearly 700-million dollars from investors, in one of the most daring Ponzi schemes in the history of Hollywood. read more »

U.S. SEC chair says reviewing short-selling, swap rules after GameStop, Archegos sagas

REUTERS

The U.S. securities regulator is considering measures to require big investors to disclose more about short positions, or bets that stocks will fall, use of derivatives to bet on other stock moves and to protect small investors from trading apps that use features common to video games in order to boost risky trading activity. read more »

Court Authorizes Service of John Doe Summons Seeking Identities of U.S. Taxpayers Who Have Used Cryptocurrency

DOJ

A federal court in the Northern District of California entered an order today authorizing the IRS to serve a John Doe summons on Payward Ventures Inc., and Subsidiaries d/b/a Kraken (Kraken) seeking information about U.S. taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency during the years 2016 to 2020. The IRS is seeking the records of Americans who engaged in business with or through Kraken, a digital currency exchanger headquartered in San Francisco, California. read more »