SEC Obtains Emergency Asset Freeze, Charges Businessman With Operating a Ponzi-Like Scheme

SECURITIES AND EXCHANGE COMMISSION

The Securities and Exchange Commission today announced that it filed an emergency enforcement action and obtained a temporary restraining order and asset freeze against Illinois resident Kenneth D. Courtright, III and his company, Todays Growth Consultant Inc., in connection with an alleged Ponzi-like scheme that raised at least $75 million from more than 500 investors throughout the United States and abroad. read more »

Roche misrepresented flu drug's ability to contain influenza pandemic, claims whistleblower lawsuit

THE PHARMA LETTER

Swiss pharma giant Roche bilked US federal and state governments out of $1.5 billion. read more »

Air Force agents raid military landlord's Oklahoma office, seize computers

REUTERS

Air Force investigators raided the Oklahoma City offices of a major military landlord Tuesday morning, seizing computers and other material, in what the company said was part of an investigation into asbestos contamination.

The landlord, Balfour Beatty Communities, has been the focus of Reuters reports describing how it falsified maintenance records at several bases, allowing the company to collect millions in incentive bonus payments while military families awaited repairs. One of the bases Reuters described was Tinker Air Force in Oklahoma, the subject of Tuesday's raid. read more »