Paragon Systems to Pay $52 Million to Settle DOJ Charges of Fraudulently Securing Government Security Contracts Set Aside for Veteran- and Female-Owned Businesses
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Paragon Systems to Pay $52 Million to Settle DOJ Charges of Fraudulently Securing Government Security Contracts Set Aside for Veteran- and Female-Owned Businesses

Paragon Systems to Pay $52 Million to Settle DOJ Charges of Fraudulently Securing Government Security Contracts Set Aside for Veteran- and Female-Owned Businesses

By |2024-11-15T17:01:43+00:00November 15, 2024|ICOs|

On November 12, the Department of Justice (DOJ) announced that Virginia-based contractor Paragon Systems agreed to pay $52 million to settle DOJ and whistleblower charges of violating the False Claims Act by fraudulently securing government security contracts set aside for small businesses owned by women and veterans.  Paragon is one [...]

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DOJ Hits University of Colorado Health with $23 Million Penalty for Allegedly Upcoding Emergency Services
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DOJ Hits University of Colorado Health with $23 Million Penalty for Allegedly Upcoding Emergency Services

DOJ Hits University of Colorado Health with $23 Million Penalty for Allegedly Upcoding Emergency Services

By |2024-11-15T15:06:31+00:00November 15, 2024|ICOs|

On November 12, University of Colorado Health (UCHealth) agreed to pay $23 million to settle Department of Justice (DOJ) and whistleblower charges of violating the False Claims Act by fraudulently billing Medicare and Tricare for certain emergency department services. According to the government, UCHealth used an automatic coding system where [...]

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Payments News Update – November 15, 2024
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Payments News Update – November 15, 2024

Payments News Update – November 15, 2024

By |2024-11-15T14:02:36+00:00November 15, 2024|ICOs|

Legal and Regulatory Developments SPOTLIGHT: Swipe Fees Get Renewed Washington Focus in Aftermath of Election American Banker – November 12, 2024 (subscription required) Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., will hold a long-awaited hearing on pending swipe fee legislation. Executives from Visa and Mastercard, the two card networks [...]

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CFTC Makes $4 Million Whistleblower Award
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CFTC Makes $4 Million Whistleblower Award

CFTC Makes $4 Million Whistleblower Award

By |2024-11-14T15:59:50+00:00November 14, 2024|ICOs|

On November 12, the Commodity Futures Trading Commission (CFTC) announced a $4 million award to two whistleblowers under the CFTC Whistleblower Program.  With this award, the agency has now issued roughly $390 million in whistleblower awards since its first award under the program in 2014.  These awards have been associated [...]

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Payments News Update – November 8, 2024
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Payments News Update – November 8, 2024

Payments News Update – November 8, 2024

By |2024-11-08T14:08:39+00:00November 8, 2024|ICOs|

Legal and Regulatory Developments SPOTLIGHT: Is Visa a Debit Monopolist? Digital Transactions Magazine – November 1, 2024 Lawsuits alleging anti-competitive practices are nothing new to Visa Inc. After all, the network, as well as MasterCard Inc., have been sued by the Department of Justice, merchants, and state attorneys general for [...]

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Payments News Update – November 1, 2024
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Payments News Update – November 1, 2024

Payments News Update – November 1, 2024

By |2024-11-01T13:58:21+00:00November 1, 2024|ICOs|

Legal and Regulatory Developments SPOTLIGHT: Chopra Defends CFPB Open Banking Rule in Face of Lawsuit Payments Dive – October 28, 2024 Consumer Financial Protection Bureau Director Rohit Chopra said on Sunday that a lawsuit filed over the agency’s open banking rule finalized earlier this month is an obstacle to increasing [...]

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Former Kentucky Pharmacist Sentenced for Healthcare Fraud Scheme & How Whistleblowers Can Help Cases Like This
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Former Kentucky Pharmacist Sentenced for Healthcare Fraud Scheme & How Whistleblowers Can Help Cases Like This

Former Kentucky Pharmacist Sentenced for Healthcare Fraud Scheme & How Whistleblowers Can Help Cases Like This

By |2024-10-30T17:58:46+00:00October 30, 2024|ICOs|

In a recent case out of Corbin, Kentucky, former pharmacist Stephanie Collins was sentenced to 20 months in prison after being found guilty of defrauding Medicare and Medicaid by billing for medications and medical supplies she never provided to her customers, violating the False Claims Act. Operating as Stephanie’s Down Home [...]

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Constantine Cannon Partner Gordon Schnell Published In Washington Technology On DOJ’S Enforcement Crusade Against Cybersecurity Fraud
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Constantine Cannon Partner Gordon Schnell Published In Washington Technology On DOJ’S Enforcement Crusade Against Cybersecurity Fraud

Constantine Cannon Partner Gordon Schnell Published In Washington Technology On DOJ’S Enforcement Crusade Against Cybersecurity Fraud

By |2024-10-30T14:59:49+00:00October 30, 2024|ICOs|

On Wednesday (October 28), government contracting magazine Washington Technology published a commentary by Constantine Cannon whistleblower partner Gordon Schnell on the recent string of False Claims Act enforcement actions DOJ has brought against government contractors for cybersecurity failures. As Schnell points out, the most recent of these actions is last [...]

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West Virginia Business Owner Sentenced for COVID Relief Fund Fraud
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West Virginia Business Owner Sentenced for COVID Relief Fund Fraud

West Virginia Business Owner Sentenced for COVID Relief Fund Fraud

By |2024-10-29T16:58:56+00:00October 29, 2024|ICOs|

It appears there is a new name on the list of COVID relief fraudsters—Mark William Bailey, a business owner who evidently couldn’t resist misusing taxpayer-funded pandemic relief for personal luxuries, according to the DOJ this week. After misappropriating approximately $451,237.51 in COVID-19 relief funds guaranteed by the Small Business Administration [...]

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