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Compliance News
Compliance News
SEC Charges Andrew Left and Citron Capital for $20 Million Fraud Scheme
By SEC Press Releases on Friday, July 26, 2024.
The Securities and Exchange Commission today announced charges against activist short seller Andrew Left and his firm, Citron Capital LLC, for engaging in a $20 million multi-year scheme to defraud followers by publishing false and misleading statements.
Matt Rasmussen and Ryan Frye on Retrieving Phone Data [Podcast]
By The Compliance & Ethics Blog on Thursday, July 25, 2024.
Mobile devices are terrible if you need to retrieve information from them. Employees hate handing them over and there are a ton of apps in which data disappears automatically. All in all, it's just a nightmare.
SEC Charges Virginia Engineer with Orchestrating $30 Million Offering Fraud
By SEC Press Releases on Thursday, July 25, 2024.
The Securities and Exchange Commission today charged Babu Ramaraj, a resident of Aldie, Virginia, with defrauding more than 70 investors of approximately $31 million through his company, DAB Inspection and Consulting Services LLC.
Substance Use Disorder Treatment Clinics to Pay More than $850,000 to Resolve Allegations They Knowingly Overbilled Medicaid for Office Visits
By U.S. Department of Justice on Thursday, July 25, 2024.
The United States and the Commonwealth of Virginia have reached an $863,934 civil settlement with certain substance use disorder treatment clinics serving patients from Virginia to resolve allegations that these clinics submitted false and fraudulent claims to the Medicaid program
United States Obtains $26M in False Claims Act Judgments Against Laboratory Companies and Their Owner
By U.S. Department of Justice on Thursday, July 25, 2024.
On July 18, the U.S. District Court for the District of Maryland entered default judgments for the United States totaling $26,341,951.38 against Patrick Britton-Harr and multiple laboratory companies owned by him for violations of the False Claims Act.
UnitedHealth Group Abandons Two Acquisitions Following Antitrust Division Scrutiny
By U.S. Department of Justice on Thursday, July 25, 2024.
Assistant Attorney General Jonathan Kanter of the Justice Department's Antitrust Division released the following statement after UnitedHealth Group abandoned its proposed acquisitions of Stewardship Health Inc. and a related company following scrutiny from the Antitrust Division.
Admera Health Agrees to Pay Over $5M to Settle False Claims Act Allegations of Kickbacks to Third Party Marketers
By U.S. Department of Justice on Wednesday, July 24, 2024.
Admera Health LLC (Admera) has agreed to pay the United States $5,389,648 to resolve allegations that it violated the False Claims Act by paying commissions to third party independent contractor marketers in violation of the Anti-Kickback Statute (AKS). Admera will pay an additional $147,851 to individual states for claims paid to Admera by state Medicaid programs.
Deborah Spanic and David Gebler on What the Board Should be Asking [Podcast]
By The Compliance & Ethics Blog on Tuesday, July 23, 2024.
"What else should the board be asking?" It's a good question in general and the tile of a session at the SCCE Compliance & Ethics Institute, which will be held September 22-25, 2024 in Grapevine, TX.
SEC Awards More Than $37 Million to a Whistleblower
By SEC Press Releases on Wednesday, July 17, 2024.
The Securities and Exchange Commission today announced an award of more than $37 million to a whistleblower who provided information not previously known to the SEC and which significantly contributed to a successful enforcement action.
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