In a call for accountability, a bipartisan trio of U.S. Senators, including Chuck Grassley (R-Iowa), Elizabeth Warren (D-Mass.), and Raphael Warnock (D-Ga.), sent a letter to the Financial Crimes Enforcement Network (FinCEN) Director, Andrea Gacki, urging an explanation for the notable delays in the full implementation of the Anti-Money Laundering [...]
In a massive takedown called the “largest single-day bribery takedown in the history of the Justice Department,” the DOJ recently unsealed “bribery and extortion charges against 70 current and former employees of the New York City Housing Authority (‘NYCHA’).” According to the DOJ, the NYCHA provides housing “to 1 in [...]
The Vatican wants to hear from whistleblowers. This comes from the Vatican’s recent release of a new Whistleblower Procedure, which outlines the Vatican’s official enlistment of Church insiders to help keep the Holy House in order when it comes to financial fraud and corruption. According to a post in Vatican [...]
Legal and Regulatory Developments SPOTLIGHT: Payments Regulation and Legislation Abound in 2024 Payments Dive – January 30, 2024 An odd pair of payments trends will drive increased regulatory and legislative scrutiny of the industry this year. Antitrust concerns are leading regulators and lawmakers to crack down on payments plays by [...]
Here are some of the developments in antitrust news this past week that we found interesting and are following. Yale, Duke and Columbia Among Elite Schools to Settle in Price-Fixing Case. For almost a quarter of a century, a coterie of the nation’s most elite universities had a legal [...]
It was another big year for DOJ enforcement under the False Claims Act, the government’s primary fraud-fighting tool. As usual, most of the recoveries were in the healthcare space with seven of the Top Ten recoveries involving various schemes to defraud Medicare and Medicaid. See our Top Ten FCA and [...]
This past year was another big year for DOJ enforcement under the False Claims Act, the government’s primary fraud-fighting tool. And as we noted in our recent Top Ten listing of False Claims Act recoveries for 2023, all but 3 of the Top Ten recoveries were in the healthcare space [...]
This week’s Department of Justice (DOJ) Catch of the Week goes to New York-Presbyterian Hospital. Yesterday (January 25), the hospital agreed to pay $801,000 to settle charges it violated the False Claims Act by billing Medicare, Medicaid and TRICARE for medically unnecessary images for radiation therapy treatments provided to cancer [...]
Legal and Regulatory Developments SPOTLIGHT: ‘More Than Enough’ Amex Evidence for Visa, Mastercard Trial Law360 – January 23, 2024 (subscription required) Visa and Mastercard appear bound for trial on antitrust claims over network rules forcing merchants to accept the companies’ cards without the ability to steer consumers to cheaper swipe [...]
It was an active year for fraud enforcement at the Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC). Though by no means was it a record year for either regulator in terms of big-ticket wins. Aside from the CFTC’s $1.7 billion recovery from South African crypto company [...]
