Singapore Post Terminated Three Executives Over Mishandling Whistleblower’s Allegations

By |2024-12-23T21:02:51+00:00December 23, 2024|ICOs|

On December 22, Singapore Post announced it terminated three individuals including the CEO and two senior executives following an internal investigation that determined the company mishandled allegations about employees’ misconduct in business operations. According to Reuters, a whistleblower came forward with complaints about several workers in the company’s international e-commerce [...]

AAR Corp. to Pay $55 Million to Settle FCPA Foreign Bribery Charges

By |2024-12-23T17:02:28+00:00December 23, 2024|ICOs|

On December 19, AAR Corp. agreed to pay $55 million to settle Department of Justice (DOJ) and Securities and Exchange Commission (SEC) charges of violating the Foreign Corrupt Practices Act (FCPA) by paying bribes to secure business from state-owned airlines in Nepal and South Africa.  Apparently, the Illinois-based aviation services [...]

Channeling the Whistleblower In Bob Dylan: His Top Ten Lyrics On Standing Up for Truth

By |2024-12-23T16:02:27+00:00December 23, 2024|ICOs|

With hundreds of songs, thousands of concerts, tens of millions of album sales, and an artistic career spanning more than half a century and counting, Bob Dylan’s influence and contributions to the greater good have been boundless.  His litany of accolades offers just a taste of his grand accomplishment — [...]

In Their Own Words… Principal Associate Deputy Attorney General Marshall Miller

By |2024-12-20T19:13:39+00:00December 20, 2024|ICOs|

“We’ve given good actors more avenues to help us go after the bad guys . . . .  Whistleblowing. We know it works. Whistleblower reports to the government lead to prosecutions and civil enforcement actions. Internal reports help companies address misconduct before it gets out of hand. And support for [...]

Another Tragic Whistleblower Death – OpenAI Whistleblower Suchir Balaji

By |2024-12-20T15:32:12+00:00December 20, 2024|ICOs|

As widely reported in the press last week, former OpenAI researcher and whistleblower Suchir Balaji, 26, died by suicide a few weeks ago. The San Francisco police found his body on November 26 after they were called to his apartment prompted by concerns of his wellbeing. Sadly, Balaji adds to [...]

Payments News Update – December 20, 2024

By |2024-12-20T14:04:51+00:00December 20, 2024|ICOs|

Legal and Regulatory Developments SPOTLIGHT: FTC Cracks Down on Hotel Junk Fees Hotel Dive – December 17, 2024 The Federal Trade Commission on Tuesday announced a final Rule on Unfair or Deceptive Fees, or “Junk Fees Rule,” that targets “bait-and-switch pricing” for short-term lodging and live-ticket events. The rule requires [...]

SEC Slaps Becton Dickinson with $175 Million Penalty for Misleading Investors About Alaris Infusion Pump

By |2024-12-18T17:12:15+00:00December 18, 2024|ICOs|

On December 16, the Securities and Exchange Commission (SEC) announced New Jersey-based medical device maker Becton Dickinson agreed to pay $175 million to settle charges of (i) misleading investors regarding its Alaris infusion pump, and (ii) overstating its income by ignoring the costs of fixing multiple software flaws with the [...]

Hold the Phone: Telemarketer Sent to Prison for $67M Health Care Fraud and Money Laundering Scheme

By |2024-12-18T01:11:19+00:00December 18, 2024|ICOs|

In December 2024, Jose Goyos, (38, from West Palm Beach, Florida) was sentenced to 15 years in prison for defrauding Medicare by falsely billing over $67 million for medically unnecessary genetic tests. Goyos and his co-conspirators worked at a telemarketing call center that roped thousands of unsuspecting Medicare beneficiaries and [...]

Fraud alert! California Hospital Pays $10.25M to Resolve Whistleblower Suit Alleging Medically Unnecessary Inpatient Admissions and Kickbacks

By |2024-12-16T15:59:51+00:00December 16, 2024|ICOs|

On December 12, the DOJ announced that California’s Oroville Hospital will pay $10,250,000 to the United States and the State of California to resolve allegations that it submitted false claims to Medicare and Medicaid for medically unnecessary inpatient hospital admissions, a kickback and physician self-referral scheme, and the use of [...]

Payments News Update – December 13, 2024

By |2024-12-13T15:04:21+00:00December 13, 2024|ICOs|

Legal and Regulatory Developments SPOTLIGHT: Europe Wants UK to Reconsider Proposal to Cap Credit Card Fees Bloomberg – December 12, 2024 (subscription may be required) A top UK regulator is facing pushback from European lawmakers as it continues to weigh new rules to restrict how much British merchants must pay [...]

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