South CarolinaUniversity, will pay $2.5 million to settle federal claims under the False Claims Act of submitting false claims to the U.S. Department of Education in violation of the federal ban on incentive-based compensation, the Justice Department announced today.Ā The settlement resolves allegations that between 2014 and 2016, NGU hired Joined Inc., a...
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Category: Whistleblower Laws
General Electric says it reached tenative agreement with Department of Justice to pay $1.5 Billion for subprime loans
General Electric said this week that it reached a tentative agreement with the Department of Justice that it would pay a fine of $1.5 billion for the lending activities of its shuttered subprime lending unit, WMC Mortgage. Last year, the company booked a reserve of $1.5 billion that may be used as a settlement with...
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Skilled nursing facility pays $1.5 million to settle claims of illegal kickbacks and Medicare and Tricare patient referral schemes
A skilled nursing facility and its administrator have agreed to pay $1.5 million to settle a False Claims Act case alleging illegal kickbacks and a referral scheme for Medicare and Tricare patients. The United States alleged that these financial arrangements violated the physician self-referral law, commonly known as the āStark Law,ā and...
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Two Chinese hackers acting with China Ministry of State Security charged by U.S. with global computer intrusion of confidential company info
Two Chinese hackers Zhu Hua (ę±å), aka Afwar, aka CVNX, aka Alayos, aka Godkiller; and Zhang Shilong (å¼ å£«é¾), aka Baobeilong, aka Zhang Jianguo, aka Atreexp, both nationals of the Peopleās Republic of China (China), were charged with conspiracy to commit computer intrusions, conspiracy to commit wire fraud, and aggravated identity theft according...
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Investigation into a Fishy Situation by New York Attorney General’s Office Uncovers Fraud in the Seafood Industry due to Misleading Marketing Tactics
Food fraud is the act of mislabeling an edible item in order to sell cheap alternatives for a higher price, and it costs the industry around $35 billion a year. Out of all food items for sale, the easiest victim of fraud is the seafood market. This is not only due to...
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U.S. increasingly vulnerable to Chinese espionage for electronics and software made in China sold in U.S. new study says
A Chinese company, Sinovel Wind Group Co., has been ordered to pay American SuperConducter Inc. (AMSC) $57.5 million after being convicted of multiple charges regarding the theft of proprietary software. This theft resulted in substantial losses for AMSC, including $800 million in revenue and $1 billion in stock market value. Today, the...
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Chinese export companies rush to build factories in other countries including Cambodia and Vietnam to evade U.S. trade tariffs
Chinaās key export companies are pushing to build and expand their factories overseas, in Cambodia and Vietnam, according to Epoch Times and other media sources. One of them, KingClean Electric Co. is a company that creates cleaning appliances and garden tools and it says its overseas business accounted for 67 percent, according to...
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Plantronics Inc. Polycom unit pays $36 million to settle China bribes charges
Plantronics Inc's Polycom unit, will pay $36 million in penalties to settle claims of bribery charges relating to Chinese officials.
The maker of communications products said that the misconduct had occurred before Plantronics' acquisition of Polycom in July, and before Polycom went private in 2016. Polycom's Chinese subsidiary had...
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The top 5 healthcare fraud settlements in the U.S. in 2018 totalling $2.5 Billion
U.S. Healthcare companies paid the bulk of all False Claims Act whistleblower settlements in 2018 accounting for $2.5 billion. These came from drug and medical device manufacturers, managed care providers, hospitals, pharmacies, hospice care organizations, hospitals, pharmacies, and laboratories.
The five largest settlements in 2018 are:
AmericourseBergen Corp and some subsidiaries paid $625 million to...
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BNY Mellon pays over $54 Million for improper handling of pre-released American Depositary Receipts
The Bank of New York Mellon will pay more than $54 million to settle charges of improper handling of "pre-released" American Depositary Receipts (ADRs). ADRs are U.S. securities that represent foreign shares of a foreign company and these require a corresponding number of foreign shares to be held in...
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