Avis Budget Group to Pay $10.1 Million to Settle False Claims Act Allegations for Overcharging United States on Rental Vehicles

DOJ

NEWARK, N.J. – Avis Budget Group Inc. (Avis Budget), which includes its wholly-owned brands Avis Car Rental, Budget Car Rental, and Payless Car Rental, will pay $10.1 million to resolve allegations that it violated the False Claims Act by overcharging the United States in connection with rental vehicles, Acting U.S. Attorney Rachael A. Honig announced today. read more »

'Beat them up': Toshiba and Japan colluded against foreign investors, probe finds

REUTERS

Toshiba Corp (6502.T) and Japan's government colluded to lean on foreign investors to back company management in a key vote, according to an investigation which alleged one executive said they would ask the trade ministry to "beat up" a hedge fund. read more »

Former Managers at Major Property Management Firm Plead Guilty to Defrauding U.S. Air Force

An Arizona man and a Texas woman have pleaded guilty to major fraud against the United States, and conspiracy to commit wire fraud, respectively, for their roles in a scheme to defraud the U.S. Air Force in connection with privatized military housing contracts between approximately 2013 and 2016. read more »