The president of a company based in Miami, as well as one of its former sales representatives, hoped to gain access to more work and receive payment of past due invoices by bribing officials at Venezuela’s state energy company.
The two men involved are Rafael Enrique Pinto Franceschi, referred...
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Category: Fraud
Danish Coatings Company Pays $33.4 Million to Enforcement Agencies in Denmark and Germany to Resolve Bribery Allegations
Hempel A/S, a coating supplier based in Denmark, has decided to settle allegations of bribery with a payment of $33.4 million to enforcement agencies in Denmark and Germany.
In April of 2017, Hempel A/S self-reported a number of illegal sales practices that were discovered in Germany, as well as...
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Canadian Honey Industry Takes Action Against Fake Honey By Introducing the Government to New Forms of Testing
Honey producers in western Canada have been showing concern for the way the Canadian Food Inspection Agency chooses to address increasing incidences involving fake honey. Producers believe that the current mainstream way of testing is failing to detect certain types of fake honey, and so a British Columbia beekeeper has spent $1...
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College admission scandal including two Actresses, many parents, athletic directors, and test administrators leads to multiple criminal charges and is expected to open up similar scandals nationwide
Parents of college-bound students have been accused of being involved in a college admission scheme worth millions, including two prominent actresses, Felicity Huffman and Lori Loughlin. This scheme was set into place in the hopes of helping ensure their children had a better chance of getting into prominent universities by fabricating their...
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Military Contractor in Afghanistan Settles Fraud Investigation by Forfeiting $25 Million to U.S. after Proof of Corruption and Falsified Documents revealed in investigation
The United States Department of Justice pressed a civil forfeiture case involving wrongfully acquired assets retained by Hikmatullah Shadman, a government contractor in Afghanistan. The DOJ settled the case with forfeiture of $25 million to the United States as recompense for the unlawful acquisition of United States assets for himself.
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Lumber Liquidators settles Securities Fraud case with payment of $33 Million Penalty over false statements on the chemical quality of its Chinese made wood laminates
Lumber Liquidators lied to investors after a"60 Minutes" Episode and has agreed to pay a total penalty of $33 million. The payment is for filing a materially false and misleading statement to investors regarding the sale of its laminate flooring from China to its customers in the United States about the chemicals used in...
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Securities and Exchange Commission agrees to settlement with Oyster Bay Municipality which Avoids Fines on case alleging financial fraud
The New York town of Oyster Bay has been granted a settlement by the Securities and Exchange Commission (SEC) that will allow for no fines relating to a 2017 SEC lawsuit involving alleged financial fraud. This agreement is contingent on the assurance that the town hire a municipal finance consultant to review...
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Former Pharmacy Representative from San Antonio Pleads Guilty to a Healthcare Fraud Scheme Amounting to $8.8 Million
Holly Blakely, a former San Antonio pharmaceutical rep in Texas, plead guilty and confessed her involvement in an $8.8 million healthcare fraud scheme.
Initially, Holly Blakely was charged in a 30-count indictment. This allegedly means that she paid more than $400,000 in bribes and kickbacks to clinicians for prescribing compounded medications. Compound medication is basically...
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Police Discover a Taiwan-Based Criminal Operation with Links to China Involving The Selling of Counterfeit Smartphones and Accessories
Taiwan law enforcement has uncovered a business operation in Taiwan that was selling counterfeit iPhone and Samsung phones to unsuspecting buyers. This potentially criminal operation has also been revealed to have ties to China as more details come to the surface.
Police in Taiwan were given a tip that a store located in the northern...
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Securities and Exchange Commission reveals whistleblowers are the key to exposing illegal insider trading
According to the Securities and Exchange Commission's 2018 Annual Report, 262 tips were received from whistleblowers regarding insider trading and resulted in a total of 56 charges throughout the year. As one of the SEC's most successful years in combating insider trading, it is evident that the combination of whistleblower...
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