Treasury Financial Crimes Enforcement Network issues alert to financial institutions on investments in commercial real estate by sanctioned Russians and family members

 The US Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued an alert to financial institutions regarding potential investments in the US commercial real estate (“CRE”) sector by sanctioned Russian individuals, their family members, and entities through which they act (“Alert”). The alert identifies sanctions-evasion vulnerabilities specific to the CRE market, including...
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Sherwin-Williams agree to pay $1 million settling False Claims Act case of fraud on federal Disadvantaged Business Enterprise program and contract to paint the George Platt Bridge

The Sherwin-Williams Company has agreed to pay $1 million to resolve False Claims Act allegations that it participated in a scheme to defraud the federal Disadvantaged Business Enterprise (DBE) program in connection with a contract to paint the George C. Platt Memorial Bridge in Philadelphia. Governed by statutes and...
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Recovery Connection Centers of America in Massachusetts and Rhode Island closed after federal government charges of overbilling insurers

Recovery Connection Centers of America has been charged with fraud resulting in millions of dollars paid for addiction treatment services. According to U.S. Attorney Zach Cunha of Rhode Island, not provided to patients. The company is headquartered in Providence, and half its patients are from Rhode Island and half from Massachusetts.
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Securities and Exchange Commission charges Terren S. Peizer, Executive Chairman of Ontrak Inc., a healthcare group of insider trading

The Securities and Exchange Commission has charged Terren S. Peizer, Executive Chairman of the Santa Monica, California-based healthcare treatment company Ontrak Inc., with insider trading for selling more than $20 million of Ontrak stock between May and August 2021 while in possession of material nonpublic negative information related...
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University of Pittsburgh Medical Center and head of cardiothoracic surgery to pay $8.5 million to settle claims of fraudulent Medicare billing on booking multiple surgeries at the same time

 The University of Pittsburgh Medical Center and the head of its cardiothoracic surgery department have agreed to pay $8.5 million to settle claims that they fraudulently billed Medicare and Medicaid for complex surgeries. The settlement resolves a 2019 whistleblower lawsuit by a former UPMC doctor, claiming that UPMC regularly...
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