Propex Derivatives Pty Ltd Agrees to Pay $1 Million in Connection with Spoofing Scheme

DEPARTMENT OF JUSTICE

Propex Derivatives Pty Ltd (Propex), a Sydney, Australia-based proprietary trading firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to a spoofing scheme involving thousands of instances of unlawful trading activity in U.S. commodities markets by a former Propex trader

The CFTC announced today a separate settlement with Propex in connection with a related, parallel proceeding. read more »

SEC Files Charges Against Scheme to Sell Fictitious Interests in Marijuana Company

SECURITIES AND EXCHANGE COMMISSION

The Securities and Exchange Commission today announced charges against Guy S. Griffithe and Robert W. Russell, and three companies they controlled, for an alleged scheme that defrauded investors who thought they were purchasing interests in a Washington-licensed recreational cannabis company out of approximately $4.85 million. read more »

New York Doctor Pays $1.1 Million to Settle Kickback Allegations

BLOOMBERG LAW

A New York physician will pay $1.1 million to settle allegations that he paid kickbacks and submitted false claims to Medicare for services provided to elderly patients in long-term care facilities, the Department of Justice said.

Dr. Rajendra Bhayani paid cash tips, excessive rent, and other improper remuneration to medical management companies to obtain exclusive access to residents of adult homes, the DOJ said in a statement released Tuesday. read more »

Brazil charges ex-Vale CEO with homicide for dam disaster

REUTERS

Brazilian state prosecutors on Tuesday charged Fabio Schvartsman, the former chief executive of mining giant Vale SA, and 15 other people with homicide for a dam disaster last year that killed more than 250 people. read more »