University of San Francisco Agrees to Pay over $2.5M for Alleged False Claims in Its Administration of AmeriCorps Grants

DOJ

The University of San Francisco (USF) has agreed to pay $2,561,727 to resolve allegations under the False Claims Act that it knowingly presented false and fraudulent claims to the Corporation for National and Community Service (CNCS) in order to secure federal grant funds under the AmeriCorps State and National Program. CNCS is an independent federal agency that administers the AmeriCorps national service program.

The allegations resolved by this settlement were first raised in a lawsuit filed against USF under the qui tam, or whistleblower, provisions of the False Claims Act.  read more »

Ex-Coutts Banker on Trial Over $700 Million Transfer From 1MDB to Jho Low

BLOOMBERG

A decade after billions of dollars were wired to Swiss banks, the country is holding its first trial into whether a local banker failed to stop a $700 million transfer into an account controlled by Low Taek Jho, the alleged mastermind behind the 1MDB scandal. read more »