3M will pay more than $9.6 million to settle an investigation by the U.S. Treasury Department into sales to an Iranian entity controlled by Iran's law enforcement forces. The Treasur said that between September 2016 and September 2018, a 3M subsidiary...

The SEC has charged investment adviser Concord Management and its owner for operating as an unregistered investment adviser for one client, Russian Oligarch Roman Abramovich who, according to news reports may have ties to entities and individuals in Russia that destabilized Ukraine. According to the SEC’s complaint, Matlin...

The Commodity Futures Trading Commission today announced whistleblower awards totaling over $15 million to two whistleblowers who provided significant information and assistance that led the CFTC to bring separate successful enforcement actions. Because the whistleblowers immediately provided reliable information, the CFTC opened the respective investigations shortly after each whistleblower submitted a...

The Securities and Exchange Commission has charges CBRE, Inc. (CBRE), a Dallas-based commercial real estate services and investment firm and subsidiary of publicly traded CBRE Group, Inc., for using an employee release that violated the SEC’s whistleblower protection rule. According to the SEC’s order,...

Maxim Marchenko, 51, a Russian citizen who has resided in Hong Kong, was charged today in connection with conspiring to defraud the United States and with smuggling, wire fraud, and money laundering offenses based on his alleged participation in a scheme to unlawfully procure U.S.-sourced, dual-use microelectronics with military applications on behalf...

Oliver Street Dermatology Management LLC, dba U.S. Dermatology Partners which manages and operates dermatology practices, surgical centers, and pathology laboratories across the United States has agreed to pay the United States $8.9 million to resolve allegations of violations of the Physician Self-Referral Law (the Stark Law) and the...

The U.S. Securities and Exchange Commission (SEC) brought an enforcement action against broker-dealer, Virtu Americas LLC, alleging that it failed to properly guard against information leakage between its institutional trading business and prop trading arm.The SEC charged the firm and...

The United States General Accounting Office estimates that the amount of fraud in unemployment insurance programs during the COVID-19 pandemic is likely between $100-$135 Billion. GAO says that the full amount of the fraud during the pandemic will likely never be known. Unemployment insurance overpayment happens when individuals receive benefits to which...

The New York Times has published an article which says that an advisory panel to the FDA agreed that a common decongestant ingredient in many over the counter cold medicines in not effective. The drug is called phenylephrine and is found in products such as Tylenol, Mucinex and Benadryl and about 247...

The Commodity Futures Trading Commission announced Judge David A. Ezra of the U.S. District Court for the Western District of Texas entered a consent order against Mirror Trading International Proprietary Limited (MTI) on September 6, finding it liable for fraud in connection with retail foreign currency (forex)...