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 [...]
Yesterday the U.S. Attorney’s Office, Eastern District of Michigan announced that a licensed pharmacist from Dearborn Heights, Michigan, has been sentenced to two years in federal prison for her role in a $6.9 million scheme that defrauded Medicare, Medicaid, and Blue Cross Blue Shield of Michigan by submitting false claims [...]
Legal and Regulatory Developments SPOTLIGHT: Visa Wanted a Vast Empire. First, It Had to Beat Back Its Foes. The Wall Street Journal – October 19, 2024 (subscription may be required) Visa is winning the decadeslong battle for control over how U.S. consumers pay for everything. It got here in part [...]
The Constantine Cannon Whistleblower Team is pleased to announce the launch of its Fourth Law School Scholarship Essay Contest on the Importance of Whistleblowers. This is an opportunity for law school students—the future leaders of the Bar—to share their thoughts on what it means to be a whistleblower and the [...]
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an alert to financial institutions across the country, urging them to enhance efforts in identifying and reporting suspicious activity linked to Hizballah. This alert comes as part of a broader campaign by the Treasury Department to combat terrorist [...]
Raytheon Company (Raytheon), a subsidiary of RTX (formerly Raytheon Technologies Corporation), has agreed to pay over $950 million to settle civil and criminal cases stemming from multiple federal investigations, including $428 million to settle claims brought by a whistleblower under the False Claims Act (FCA). The government alleged that Raytheon [...]
Legal and Regulatory Developments SPOTLIGHT: Australia’s Pesky Fee for Debit Card Purchases May Be About to Disappear. What Happens Next? The Guardian – October 15, 2024 It might be chump change when it comes to buying a coffee, but the surcharge on debit purchases adds up to billions of dollars [...]
A Houston, Texas man, Mohamad Mokbel (59-years old), was convicted on Tuesday for orchestrating a complex fraud scheme that stole more than $160 million from Medicare by billing for unnecessary medications, the DOJ reported. A federal jury found Mokbel guilty on all 15 charges, including healthcare fraud, mail fraud, money [...]
Last week the DOJ announced that Teva Pharmaceuticals USA Inc. (Teva USA) and Teva Neuroscience Inc. have agreed to pay $450 million to resolve allegations that they violated the Anti-Kickback Statute (AKS) and the False Claims Act (FCA). The settlement addresses two distinct schemes related to illegal payments and price fixing, representing one of the largest settlements of [...]
Last Thursday (October 10), the Department of Justice (DOJ) announced that TD Bank pleaded guilty and agreed to pay roughly $1.8 billion in penalties to resolve DOJ charges of money laundering and other violations of the Bank Secrecy Act (BSA). This is on top of the roughly $1.3 billion the [...]
