Mississippi Department of Health Services Agrees to Pay $5 Million to Resolve False Claims Act Liability in Connection with SNAP Quality Control

DOJ

The Mississippi Department of Health Services (MDHS) has agreed to pay the United States $5 million to resolve allegations that it violated the False Claims Act in its administration of the U.S. Department of Agriculture’s (USDA) Supplemental Nutrition Assistance Program (SNAP), the Department of Justice announced today.  Until 2008, SNAP was known as the Food Stamp Program. read more »

JPMorgan, Barclays settle Mexican bond rigging litigation

REUTERS

JPMorgan Chase & Co and Barclays Plc will pay $20.7 million to resolve investors’ claims they conspired to rig the Mexican government bond market, the first of nine banks in the proposed class-action litigation to settle.

In a Monday night filing with the U.S. District Court in Manhattan, lawyers for the investors said the “ice breaker” settlements could be a catalyst for settlements with the other bank defendants. read more »

UM professor pleads guilty to laundering $2 million from Venezuelan corruption money

MIAMI  HERALD

University of Miami professor Bruce Bagley pleaded guilty on Monday to two counts of money laundering after being charged with using bank accounts in his name and in the name of a company he created in Florida to launder over $2 million in proceeds from a Venezuelan bribery and corruption scheme.

“Bruce Bagley (…) went from writing the book on crime — literally writing a book on drug trafficking and organized crime — to committing crimes,” said Geoffrey S. Berman, the United States Attorney for the Southern District of New York, in a press release. “Professor Bagley admitted today to laundering money for corrupt foreign nationals — the proceeds of bribery and corruption, stolen from the citizens of Venezuela. Bagley now faces the possibility of a long tenure in prison.” read more »