The Securities and Exchange Commission has charged three top executives at a New York-based publicly-traded fund being regulated as a business development company (BDC) with overstating the... Read more
Baylor University Medical Center will pay $907,355 to settle whistleblower allegations that it submitted false claims for radiation oncology services, including intensity modulated radiation... Read more
The Justice Department has filed a False Claims Act lawsuit against Kellogg, Brown & Root Services Inc. (KBR) and First Kuwaiti Trading Company for submitting inflated claims for the de... Read more
It has been suggested, after a horrific fire at a factory in Bangladesh that killed 112 workers last year, that we should boycott American companies that make their brand name apparel in Ban... Read more
Orthofix International will pay $30 million to settle allegations that an Orthofix unit – Blackstone Medical – paid illegal kickbacks to physicians in order to induce use of the company’s pr... Read more
Federal officials have filed a $1 billion lawsuit against Bank of America for defrauding the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation... Read more
The Financial Industry Regulatory Authority (FINRA) has fined Guggenheim Securities, LLC of New York $800,000 for failing to supervise two collateralized debt obligation (CDO) traders who en... Read more
ReadyOne Industries Inc. has agreed to pay $5 million to resolve allegations that it violated the False Claims Act by knowingly submitting false certifications regarding the annual percentag... Read more
JP Morgan Chase Bank (JPMCB) will pay $600,000 to settle Commodity Futures Trading Commission (CFTC) charges that it exceeded speculative position limits in Cotton No. 2 futures contracts tr... Read more
A federal judge in Virginia has fined Abbott Laboratories $500 million after the pharmaceutical giant pled guilty to unlawfully promoting the prescription drug Depakote for uses not approved... Read more
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