SEC Awards Approximately $3 Million to Two Whistleblowers

SEC

The Securities and Exchange Commission today announced an aggregate award of approximately $3 million to two whistleblowers whose information and assistance led to a successful SEC enforcement action.  The whistleblowers separately and independently provided SEC staff with valuable information and ongoing assistance, which included participating in multiple interviews with the staff and providing helpful documents. read more »

Private Inequity: How a Powerful Industry Conquered the Tax System

NEW YORK TIMES

The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance. read more »

Attorney General Bonta Announces $2 Million National Settlement Against Medicrea to Resolve Alleged Kickback Scheme

CALIFORNIA AG

California Attorney General Rob Bonta today announced a $2 million national settlement against medical device maker Medicrea USA, Inc. and its corporate parent company, Medicrea International (collectively “Medicrea”). The $2 million settlement resolves allegations that Medicrea violated the federal Open Payment Program and unlawfully paid physicians – through travel expenses, meals, beverages, and entertainment – to induce them to use Medicrea medical devices in surgical procedures, in violation of federal Anti-Kickback Statute and State False Claims Law. read more »