A former Intelligence Community contractor pleaded guilty to conspiring to commit offenses against the United States by soliciting and accepting kickbacks.
The defendant, David Duggin, 55, of Orrtanna, Pennsylvania, was a former Senior Systems Engineer and on-site contractor at a U.S. government Intelligence Community...
Continue reading…
Ahold Delhaize USA Inc. to Pay $40M for Allegedly Reporting Inflated Drug Prices on Claims to Federal Healthcare Programs
The Department of Justice has settled a False Claims Act case against Ahold Delhaize USA Inc. (Ahold Delhaize), headquartered in Quincy, Massachusetts, which agreed to pay the United States and participating states a total of $40 million to resolve allegations that it violated the False Claims Act and state...
Continue reading…
The SpaceX IPO and the Starlink factor
By Jeffrey A. Newman, Esq. MBA
Just a few words about the SpaceX IPO. It is Starlink that I have my eye on as it is and has been making money and the revenue is on a subscription basis. In addition, Musk has broader plans afoot, including a massive...
Continue reading…
Government contractors and execs pay $21.3 M to settle fraud scheme about service disabled veteran owned small business contracts
By Jeffrey A. Newman, Esq. MBA
Broadway Electric Inc. (Broadway), Cornerstone Contracting Inc. (Cornerstone), Chief Executive Officer John Oehler, and President Christian Blake agreed to pay $21.3 million to resolve False Claims Act allegations that they improperly obtained federal contracts reserved for service-disabled veteran-owned small businesses and...
Continue reading…
U.S. adds to list of Chinese tech companies it says are helping China’s military
By Jeffrey A. Newman, Esq. MBA
The U.S. has now identified Chinese businesses as aiding Beijing’s military and has designated around two dozen including tech giants Alibaba Group and Baidu, limiting their operations in America. The additions include Chinese consumer and tech companies,...
Continue reading…
AI– what is the pathway to profitability?
A 24- to 26-Month Outlook for the Commercial Maturation of Artificial Intelligence
By Jeffrey A. Newman Esq. MBA, with the help of AI
I have been studying the significant advances of AI technology with...
Continue reading…
$549.5 million tariff fraud False Claims Act Settlement
By Jeffrey A. Newman Esq. MBA
The Department of Justice (“DOJ”) announced a $549.5 million settlement with Perfectus Aluminum Acquisitions LLC (“Perfectus Aluminum”) and four affiliated companies (collectively, ending resolve allegations that they violated the False Claims Act (“FCA”) by evading customs duties.[1] The settlement is the largest trade-related...
Continue reading…
House Judiciary Committee passes bipartisan legislation to prosecute tariff and duty evasion, import and export restriction violations by Chinese companies
By Jeffrey A. Newman, Esq. MBA
The House Judiciary Committee has passed bipartisan legislation targeting Chinese companies that abuse our nation’s trade laws, including tariff evasion, evasion of import and export sanctions, and money laundering. The legislation would create a new Department of Justice task...
Continue reading…
Aspiration Partners Co-Founder Sentenced to 14 years in prison for $248M Scheme to Defraud Investors
By Jeffrey A. Newman, Esq. MBA
Joseph Sanberg, co-founder and former board member of Aspiration Partners Inc., a financial technology and sustainability services company, was sentenced yesterday to 14 years in prison for a five-year scheme to defraud multiple lenders and investors of at least $248 million. According to...
Continue reading…
Dept of State announces new reward of up to $15 million for info disrupting finances of Iran’s Revolutionary Guard
By Jeffrey A. Newman, Esq. MBA
The U.S. Department of State announced that it is now offering rewards for information on the sources of revenue for the IRGC, IRGC-QF, its branches or its key financial facilitation mechanisms. Rewards for Justice is offering a reward of up to $15 million...
Continue reading…
