The U.S. Office of Foreign Assets Control (OFAC) has issued a fine of $968,618,825 against Binance Holdings Ltd. for 1,667,153 apparent violations of multiple sanctions programs, including dealing with users in Cuba, Russia, Syria and Iran. The company has paid the full fine. According to the feds, Binance did business for more...
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OneCoin compliance head pleads guilty in $4 billion crypto fraud scheme
Irina Dilkinska, a 42-year-old Bulgarian national, the āhead of legal and complianceā for OneCoin, pleaded guilty in Manhattan federal court to conspiracy to commit wire fraud and one count of conspiracy to commit money laundering in what the government says was a...
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China brags it has built the world’s fastest internet network says China’s maker Huawei
According to an article in CNN, China has created what it says is the worldās most fastest most advanced internet network. It can apparently travel at about 1.2 terabits (or 1,200 gigabits) each second several times...
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CMS creates new stronger rules on disclosure of ownership of skilled nursing facilities and nursing homes
The Center for Medicare and Medicaid has issued new rules requiring the disclosure of ownership of nursing homes and skilled nursing facilIties, including ownership by private equity firms. RecentĀ research has found that resident outcomes are significantly worse at private equity-ownedĀ nursing homes. AĀ recent studyĀ found that residents in nursing homes acquired by private...
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SEC imposed over $5 Billion in financial fines and more than $600 million in whistleblower rewards
The Securities and Exchange Commission filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or āstand-alone,ā...
Former healthcare company owner convicted for $47 million in hospice fraud
A federal jury has convicted former Canon Healthcare owner Shiva Akula for False Claims Act violations totalling nearly $47 million. Canon Healthcare was a New Orleans-based hospice provider that also served the Baton Rouge and Covington, Louisiana, markets,...
XTO Energy pays $16 million to settle has royalty underpayments to the U.S. from federal and Native American lands
XTO Energy Inc. has agreed to pay $16 million to resolve False Claims Act allegations that it knowingly underpaid royalties owed on natural gas produced from federal and Native American lands. The settlement resolves allegations that the company improperly deducted costs necessary to put the gas in marketable...
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SEC charges former co-CEO’s of tech start-up Bitwise for falsifying documents while raising $70 million from investors
The Securities and Exchange Commission has charged Jake Soberal and Irma Olguin, Jr., the former co-CEOs of California-based private technology services startup Bitwise Industries Inc., for misleading investors about the companyās finances. Soberal and Olguin have agreed to resolve the charges against them.
The...
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Since 1980 U.S. has given Egypt $50 Billion in military aid and $30 Billion in economic aid according to the WSJ, it is sending 150 helicopter engines to Russia
Here is something to ponder. Since 1980 to the present, the United States has given (not loaned) $50 Billion in military aid and $30 Billion in economic aid to Egypt. In 2020. the U.S. House of Representatives passed its foreign affairs appropriations bill for Fiscal Year...
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GE Aerospace pays $9.4 Million to settle False Claims case for uninspected parts sold to Army and Navy
GE Aerospace, an operating division of the General Electric Company, has agreed to pay $9,413,024 to resolve allegations that its Lynn, Mass. manufacturing plant (GEA Lynn) sold parts to the United States Army and the United States Navy that were either not properly inspected or were nonconforming, in violation of the False...
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