An indictment was announced of Laura PERRYMAN, the former Chief Executive Officer (“CEO”) of STIMWAVE LLC, a medical device company, in connection with a scheme to create and sell a non-functioning dummy medical device for implantation into patients suffering from chronic pain, resulting in millions of dollars in...

 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...

The Securities and Exchange Commission charged global mining and metals company, Rio Tinto plc, for violations of the Foreign Corrupt Practices Act (FCPA) arising from a bribery scheme involving a consultant...

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...

Ericsson will plead guilty to the original charges it faced following its Breach of a deferred prosecution agreement, of 2019.. That year the company paid more than $1 Billion, including a criminal penalty, to resolve investigations into a bribery scheme that ran...

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.

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...

 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...

Chipmakers receiving US federal funds are barred from expanding in China for ten under a new rule from the Commerce Department. Companies that received funding must not engage in joint research ‘with a foreign entity of concern’ “Recipients will be required to enter into an agreement...

TD Bank agreed to pay $1.2 billion to settle claims arising from a giant Ponzi scheme involving Stanford Financial. Stanford Financial collapsed in February 2009 after investigations by the Securities and Exchange Commission questioned whether the returns on the company’s C.D.s were too good to be true.