Former Equifax employee sentenced for insider trading

Jun Ying, the former Chief Information Officer of Equifax U.S. Information Solutions, has been sentenced to federal prison for insider trading.

“Ying thought of his own financial gain before the millions of people exposed in this data breach even knew they were victims,” said U.S. Attorney Byung J. “BJay” Pak.  “He abused the trust placed in him and the senior position he held to profit from inside information.” read more »

What is Odebrecht? Who is Involved?

The Odebrecht scandal has toppled presidents, other politicians, business figures and lawyers in Latin America and the Caribbean. The scandal came to light in 2014 with Brazil’s Operation Car Wash (Operação Lava Jato) investigation into money laundering, bribery and bid-rigging in connection with public works contracts awarded at inflated prices in a dozen countries. One of the nine Brazilian prosecutors who initially investigated the case, Carlos Lima, has described it as a “thing of criminal beauty.” read more »

Encompass Health Agrees to Pay $48 Million to Resolve False Claims Act Allegations Relating to its Inpatient Rehabilitation Facilities

Encompass Health Corporation (formerly known as HealthSouth Corporation), the nation’s largest operator of inpatient rehabilitation facilities (IRFs), has agreed to pay $48 million to resolve allegations that some of its IRFs provided inaccurate information to Medicare to maintain their status as an IRF and to earn a higher rate of reimbursement, and that some admissions to its IRFs were not medically necessary.

The lawsuits were filed under the qui tam, or whistleblower, provisions of the False Claims Act, which permit private individuals to sue on behalf of the government for false claims and to share in any recovery. Here, the whistleblowers collective share of the settlement will be $12.4 million. read more »