The Securities and Exchange Commission announced that BIT Mining Ltd., formerly known as 500.com Limited, agreed to pay a $4 million civil penalty to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) from 2017 to 2019 by engaging in a widespread bribery scheme...

The new administration has stated its intention to reduce the size of our Government to reduce expenditures by its many agencies. My fervent hope is that the new leaders will also turn their attention to our economy by reducing our $35 trillion debt. While the stock market may continue to remain strong,...

China presently produces 60% of the worlds rare earth elements and 85% of processing those minerals. These roughly 17 minerals are used in many of our military systems, our cell phones, batteries, catalytic converters. It’s an issue that reveals a vulnerability within the United States’ supply chain and includes national...

Ethos Laboratories (Ethos), has agreed to pay $6.5 million to resolve allegations that it submitted false claims for payment to Medicare for urine drug testing (UDT) and for its proprietary test for chronic pain, known as the Foundation Pain Index (FPI). According to the settlement...

Kishore Dattapuram pleaded guilty in federal court this week to visa fraud and conspiracy to commit visa fraud. Dattapuram, 55, and two other defendants, Kumar Aswapathi, 55, and Santosh Giri, 48, were each charged in an indictment filed Feb. 28, 2019, with one count of...

Medisca Inc. (Medisca), has agreed to pay $21.75 million to settle allegations that it inflated its true Average Wholesale Prices (AWPs) for two ingredients used in compound prescriptions. Medisca’s pricing scheme allegedly caused pharmacies that purchased those ingredients to submit false prescription claims to the Defense Health Agency, which administers the...

The Securities and Exchange Commission has charged Willow Grove, Pennsylvania resident Carlos Sacanell with insider trading ahead of an announcement that CVS Health Corporation, Inc. had agreed to acquire Oak Street Health, Inc. According to the SEC's complaint, Sacanell was in a long-term relationship with a...

China, which produces almost all of the world's supply of rare ear minerals needed by our advanced semiconductor manufacturers. In addition, the last two foreign owned rare earth refineries in China are being acquired by three state owned companies that operate refineries in China. This issue impacts the creation of semiconductors used...

The Financial Crimes Enforcement Network (FINCEN) has fined a California casino over alleged willful violations of anti-money-laundering regulations, its first enforcement action against a casino in six years.  Lake Elsinore Hotel and Casino has agreed to pay about $900,000 to settle allegations that it failed to comply with the Bank...

Yuksel Senbol, 36, of Orlando, Florida, was sentenced today to 15 months in prison for conspiracy to defraud the United States, conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, money laundering, conspiracy to violate the Export Control Reform Act, violating the Export Control Reform Act, and violating the...