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...

Irina Dilkinska, a 42-year-old Bulgarian national, the “head of legal and compliance” 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...

According to an article in CNN, China has created what it says is the world’s most fastest most advanced internet network. It can apparently travel at about 1.2 terabits (or 1,200 gigabits) each second several times...

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. Recent research has found that resident outcomes are significantly worse at private equity-owned nursing homes. A recent study found that residents in nursing homes acquired by private...

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 “stand-alone,”...

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 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...

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 company’s finances. Soberal and Olguin have agreed to resolve the charges against them. The...

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...

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...