The Kobe Steel scandal: What we know so far

It's the latest big scandal to rock corporate Japan.

Kobe Steel a century-old industrial giant, has admitted to falsifying data on products sold to top customers like Boeing and Toyota.

It says as many as 500 companies could be affected, including manufacturers of Japan's famous bullet trains.

Here's the lowdown on the crisis that's rippling through major industries around the globe. read more »

Government Contractor Pays $2.6M to Settle False Claims Act Suit

Triple Canopy, Inc. located in Reston, has agreed to pay $2.6 million to settle civil False Claims Act allegations that the company submitted false claims for payment to the Department of Defense for unqualified security guards stationed in Iraq. read more »

Former Indiana County financial adviser sentenced to prison for $1.2 million Ponzi scheme

Federal marshals on Monday led former Indiana County financial adviser Bernard Parker out of a courtroom in handcuffs to begin his sentence for betraying trusted clients and friends by ripping them off for $1.2 million in a six-year Ponzi scheme.

"I am totally responsible," Parker, 57, told U.S. District Judge Reggie Walton. "These people liked me and trusted me and I should have respected that." read more »

Scana Gets SEC Subpoena Related to Canceled Nuclear Project

Probe follows claims of nondisclosure to state regulators. Company faces federal grand jury, state investigation

Scana Corp., already the target of federal and state investigations, said it received a subpoena from the U.S. Securities and Exchange Commission in connection with an abandoned nuclear power project.

Scana may be blocked from collecting billions it spent on the unfinished project, a prospect that could lead it to write down billions or sell itself. The company may have “failed to disclose information that should have been disclosed” when it sought rate increases to fund the project, state regulators said in a filing last month. read more »