The U.S. department of Justice has announced that an Indonesian jewelry company, its Indonesian co-owner, and two other Indonesian and Italian employees were charged last week with engaging in a scheme to illegally evade more than $86 million in customs duties and tariffs on more than $1.2 billion in jewelry imports into...

By Jeffrey A. Newman Esq. A small insurance company, Wright USA which sells liability insurance to FBI and CIA agents was sold to the Fosun Group in 2015. Concerns over this sale to a Chinese company relates to the fact that the personal details of our nation's secret service...

The Department of Justice has announced that medical device company Aesculap Implant Systems in Pennsylvania has agred to pay $38.5 million to settle allegations under the False Claims act that it sold knee replacement devices that it knew would fail prematurely at higher than acceptable rate resulting in false claims to Medicare...

By Jeffrey Newman Esq. Congressman Keith Self, who is the U.S. representative for Texas' 3rd Congressional District, a military veteran and former judge, has introduced the ECRA Penalty Increase Act which is designed to enhance the enforcement under the Export Control Enforcement Act of 3018 by raising financial penalties...

By Jeffrey A. Newman Esq. According to news reports of Securities and Exchange Commission filings, Michael Burry, who shorted the US housing market before its collapse in 2008, has bet over $1 billion that the stock share prices of artifical intelligence chip maker Nvidia and software company Palantis...

A startup company Quantum Motion has built the world's first silicon based quantum computer which was manufactured using the same transistor technology used in all modern digital electronics. The chips are made using metal oxide semicondutor chips fabircationprocess just like those used in smarphones. Here is what the company...

Reuters has issued a special report based on its investigation which revealed that Meta projected 10% of its 2024 revenue of $16 Billion came from ads for scams and bassed goods. The social media giant estimates that it shows users 15 billion scams daily. Reuters also pointed out that Meta has failed...

By Jeffrey A. Newman Esq. Around late September of this year, IBM and asset management company Vanguard announced that they had completed a joint study about quantum computing applications to optimize your investment portfolios. It revealed that the quantum computers can outperform conventional ways of solving portfolio otpimization problems....

The Department of Justice has reported that Canyon Anthony Amarys, 28, of Alamogordo, New Mexico, was arrested on October 28 in connection with his indictment for the attempted violation of the Export Control Reform Act. According to the indictment, in February 2025, at an in-person meeting between Amarys and someone he believed to...

By Jeffrey A. Newman Esq. The U.S. Department of Treasury's financial Crimes Enforcement Network ("FINCEN") has issued a Financial Trend Analysis which has identified $9 billion of potential Iranian shadow banking activity based on reporting from U.S. financial insitutions. FINCEN's analysis has revealed aspects of the complex financial and...