Page 79 - Fraud Section News Today

Monday, March 8, 2021 On February 24, 2021, DOJ’s Criminal Division Fraud Section published its annual year-end summary (available here).  The Fraud Section focuses on prosecuting white-collar crime.  The report summarizes enforcement activity in the past year and discusses notable cases from the Fraud Section’s three litigation units:  (1) the Health Care Fraud (HCF) Unit; (2) the Foreign Corrupt Practices Act (FCPA) Unit; and (3) the Market Integrity and Major Frauds (MIMF) ...

Couples $1.1M Farming PPP Scheme Foiled A Florida couple claimed to generate $1.2 million in combined income and employ 15 individuals on their yard-based farms — none of which existed. Mar 9th, 2021 iStock A Florida couple pleaded guilty for their participation in a scheme to file four fraudulent loan applications seeking more than $1.1 million in forgivable Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL) loans guaranteed by the Small Business Administration (SBA)...

Nearly one year ago, in response to the COVID-19 pandemic and related economic downturn, the Small Business Administration-backed Paycheck Protection Program (PPP) provided loans to...

The chief executive officer of a Michigan and Ohio-based group of pain clinics and other medical providers was sentenced today to 15 years in prison for developing and approving a corporate policy to administer unnecessary back injections to patients in exchange for prescriptions of over 6.6 million doses of medically unnecessary opioids. Mashiyat Rashid of West Bloomfield, Michigan, was the CEO of the Tri-County Wellness Group of medical providers in Michigan and Ohio. In addition to the priso...

DOJ and SEC officials will kick off the day to update you on the current enforcement landscape. The topics will include: The agencies’ views on subsidiary liability in light of the Novartis settlement Deficiencies that led to the first FCPA recidivist in the pharma industry Deterring improper influence over foreign healthcare providers through sponsorship and hospitality Fostering a culture of compliance and adapting your anti-bribery/corruption program to the pandemic context Download the A...

The US Department of Justice’s Criminal Division Fraud Section (DOJ) released its annual Year in Review reporton February 24, covering 2020. This year’s report highlights DOJ’s sustained aggressive enforcement efforts despite the global pandemic. In 2020 we saw record-setting dollar figures, the ongoing trend of cooperation with foreign authorities, DOJ’s quick ramp-up in prosecuting Paycheck Protection Program fraud, and emphasis on corporate compliance programs—or the lack thereof�...

United Airlines to Pay $49m to Settle False Data Claim United Airlines Inc. has agreed to pay $49m to resolve criminal charges and civil claims that it was defrauding the United States Postal Service. The worlds third largest airline entered into International Commercial Air (ICAIR) contracts to transport mail internationally on behalf of the postal service. Under the contracts, United was entitled to full payment only if accurate barcode scans were provided f...

The former chief of Antiguas Financial Services Regulatory Commission (FSRC) was sentenced today to 10 years in prison for his role in connection with a $7 billion Ponzi scheme involving the Stanford International Bank (SIB). Leroy King of Dickerson Bay, Antigua, pleaded guilty on January 30, 2020, to one count of conspiracy to obstruct justice and one count of obstruction of justice for his role in obstructing the Securities and Exchange Commission (SEC) investigation into SIB. He was extradi...

United Airlines to Pay $49 Million to Settle Mail Fraud Charges TheStreet 2/26/2021 © TheStreet United Airlines to Pay $49 Million to Settle Mail Fraud Charges United Airlines agreed to pay more than $49 million to resolve criminal charges and civil claims relating to fraud on Postal Service contracts for transportation of international mail, federal officials said Friday. Popular Searches Shares of the Chicago air carrier at last check were up 1.7% to $52.66. The U.S. Justice Department ...

The former chief of Antigua’s Financial Services Regulatory Commission (FSRC) was sentenced today to 10 years in prison for his role in connection with a $7…