Page 34 - Fraud Section News Today

To close out 2022 in Foreign Corrupt Practices Act (FCPA) enforcement actions, the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) both announced settlements of...

On December 2, 2022, ABB Ltd. ("ABB"), a Swiss multinational electrification, automation, motion, and robotics technologies firm, resolved its third FCPA case since 2004. ABB entered...

Alexandra Stchastlivtseva of New York allegedly paid kickbacks, bribes to telemedicine companies in exchange for doctors’ orders of medically unnecessary orthotic braces, sham invoices, glucose monitor Medicare paid $17.3 million based on false and fraudulent claims

A Texas woman pleaded guilty today in the Eastern District of Texas for a scheme to embezzle at least $29 million from her employer – a charitable foundation and several other companies run by a Dallas family.

American Conference Institute’s 39th International Conference on the Foreign Corrupt Practices Act David Last, Chief of the FCPA Unit of Department of Justice, Fraud Section, and David Fuhr, the Unit’s Assistant Chief, reflected on the year’s most pressing enforcement issues.

SEC announced charges against eight social media influencers in $100 million securities fraud scheme. Seven defendants claimed they were successful traders, amassed social media following of hundreds of thousands, allegedly engaging in pump-and-dump scheme.

In the past several years there has been a significant decrease in Foreign Corrupt Practices Act (FCPA) enforcement efforts. Reports suggest that corporate criminal cases have decreased...

Authorities probed payments offered to a high-ranking official at Brazil’s state-owned oil company.

On December 14, 2022, the Securities and Exchange Commission (“SEC” or the “Commission”) announced charges against eight social media influencers in a $100 million securities fraud...

Authorities probed payments offered to a high-ranking official at Brazil’s state-owned oil company.