Legal and Regulatory Developments SPOTLIGHT: FTC Holds off on Enforcing ‘Click to Cancel’ Subscription Rule PYMNTS – May 11, 2025 What if canceling a subscription were as easy as signing up for one? That was the thinking behind the Negative Option Rule — more popularly known as the “click to [...]
By the Constantine Cannon Whistleblower Team On May 5, the DOJ announced that Credit Suisse Services AG pleaded guilty and agreed to pay over $510 million to resolve allegations that it conspired to help wealthy Americans evade taxes through secret offshore accounts from 2010 through 2021. The whistleblowers who revealed the [...]
By the Constantine Cannon Whistleblower Team On April 23, the government announced that Genexe LLC, its marketing company Immerge, Inc., and two of its owners, Jason Green and Jason Gross, will pay $6 million to settle allegations that they violated the False Claims Act and Anti-Kickback Statute. The now-defunct Genexe once [...]
By the Constantine Cannon Whistleblower Team On April 22, 2025, the Securities and Exchange Commission charged Ramil Palafox, the founder of PGI Global, with orchestrating a $198 million fraud scheme that preyed upon international investors. He also allegedly misappropriated over $57 million of investor funds to purchase luxury items, including Lamborghinis. [...]
Legal and Regulatory Developments SPOTLIGHT: D.C. Bill Latest Attempt to Nix Credit Card Swipe Fees on Tips and Taxes Forbes – May 2, 2025 A Washington D.C. bill is the latest to hit back at credit card swipe fees. The Fair Swipe Act of 2025, introduced by D.C. Councilmember Charles [...]
By the Constantine Cannon Whistleblower Team On May 1, the Department of Justice (DOJ) settled its latest cybersecurity enforcement action, showing the Government’s continued commitment to using the False Claims Act go after cybersecurity fraud. Under the settlement, RTX subsidiary Raytheon Company and Nightwing Group agreed to pay $8.4 million [...]
By the Constantine Cannon Whistleblower Team On April 29, the Department of Justice (DOJ) announced that California-based pharmaceutical giant Gilead Sciences agreed to pay $202 million to settle charges of violating the False Claims Act and Anti-Kickback Statute. Specifically, the government alleged Gilead provided financial inducements to physicians to speak [...]
On April 30, a New Jersey-based drug and alcohol rehabilitation facility, Summit BHC New Jersey, LLC, d/b/a Seabrook, agreed to pay $19.75 million to resolve allegations that it violated the False Claims Act by billing for services it was not authorized to provide. This case was initiated by a former [...]
Legal and Regulatory Developments SPOTLIGHT: Durbin to Keep Pushing Card Bill Payments Dive – April 28, 2025 Sen. Dick Durbin is retiring, but that doesn’t mean he’s done with credit card reform efforts. The Illinois Democrat announced last week that he wouldn’t seek re-election next year and his four-decade congressional career [...]
Despite a memorandum signaling the DOJ under Trump Administration will scale back certain enforcement actions involving cryptocurrency and digital assets, federal prosecutors in the Eastern District of New York recently reaffirmed the DOJ’s intent to pursue criminal fraud charges against Braden John Karony, the former CEO of the cryptocurrency and [...]
