Violating "Made in USA Laws"
Michael P. Casey of Poquoson, Virginia, pleaded guilty today in federal court on charges stemming from his participation in a lucrative conspiracy to falsely label millions of dollars-worth of foreign crab meat as "Product of USA."Ā
"By illegally mislabeling hundreds of...
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Category: Fraud
Novartis sets aside $700 million for possible settlement over DOJ charges of millions paid to docs for sale if its drugs
Pharmaceutical drugmaker Novartis announced it has set aside $700 million for a possible settlement of a Department of Justice lawsuit in which it is charged that the company paid hundreds of millions of dollars in kickbacks to doctors to induce them into prescribing drugs to patients to boost their sales. It is not...
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For profit Salter College pays over $1.6 million to settle charges it misled students on job placement numbers and deceptive enrollment acts
For-profit College recruitment fraud
Salter College a for profit institution in Massachusetts and its parent company will pay over $1.6 million in debt relief following allegations that it did not provide "critical information" on job placement, loan repayment and graduation rates at its now-shuttered Fall River campus and others...
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Heritage Pharmaceuticals Inc. Will Pay Over $7 Million in Civil Suit Following Allegations of Price Fixing
Heritage Pharmaceuticals Inc., a New Jersey-based company, has been ordered to pay more than $7 million after being charged with conspiring with its competitors to fix prices, rig bids, and allocate customers.
According to theĀ Department of Justice, Heritage Pharmaceuticals Inc. was part of an antitrust conspiracy which involved several...
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Reckitt Bensiger Group PLC, to pay $1.4 billion to settle charges on fraud relating to sales of Suboxone or opioids
Consumer goods maker to pay $1.4 billion to settle US investigation over Opioid sales
Ā The Reckitt Benckiser Group PLC will pay $1.4 billion to settle U.S. charges that its former pharma unit engaged in fraud to increase sales, according to the Wall Street Journal. Federal prosecutors had charged...
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Container ship financed by JP Morgan seized with 18 tons of cocaine worth $1.3 billion street value
A container ship financed by JPMorgan was seized by US customs officials this week after authorities found nearly 18 tons of cocaine with an estimated street value of $1.3 billion on the vessel.
The MSC Gayane is operated by the Switzerland-based Mediterranean Shipping Co., but JPMorgan helped...
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Substance abuse treatment center owner pleads guilty to $57 million money laundering scheme on urine screens
The owner of a substance abuse treatment center pleaded guilty today for his role in a $57 million money-laundering conspiracy associated with a pass-through billing scheme involving laboratory testing services. Kyle Ryan Marcotte, 36,Ā pleaded guilty to a one-count information charging him with conspiracy to commit money laundering.Ā As part of his...
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CEO and CFO of Guaranteed Returns pharmaceutical distributor convicted of fraud and will serve time in prison and will pay $115 million
CEO and CFO Will Face Time in Prison Following Massive Pharmaceutical Scheme Resulting in Millions of Stolen Funds
Guaranteed Returns, a reverse pharmaceutical distributor, and the company's senior management have been convicted in trial following allegations of wire fraud, mail fraud, obstruction of justice, theft of government property, money laundering, and false statements...
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Bitcoin Stock Drops $3,000 in 24 Hours After Reaching a 17-Month High Just One Day Earlier
Although Bitcoin continuously tries to shed its turbulent reputation, the cryptocurrency platform watched their 17-month high drop by $3,000 in just twenty-four hours.
In 2017, Bitcoin reached its all-time high of about $20,000. However, has been unable to come close to this number over the past two years. Although...
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New Report Shows That Elder Financial Fraud is Rapidly Increasing, Resulting in $2.9 Billion in Losses Each Year
According to a report by the Consumer Financial Protection Bureau, elder financial fraud has quadrupled from 2013 to 2017. The report also found that the average amount that is defrauded on an individual basis is substantial, with seniors ages 70 to 79 years old averaging $43,000 each in losses. However, this number is...
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