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Thursday, February 27, 2020

Jeremy Johnson case sets bank fraud precedent in negative option billing schemes

Jeremy Johnson, creator of iWorks, is currently serving more than 11 years in prison for providing false information to banks to acquire Visa/Mastercard merchant...

Microsoft to pay $25M to settle alleged violations of Foreign Corrupt Practices Act

Microsoft Corporation (NASDAQ: MSFT) agreed to pay a total of $25 million to settle allegations that its four subsidiaries violated the Foreign Corrupt Practices...

Federal Judge Once Again Dismisses Lawsuits over Clinton E-Mails

A federal judge dismissed for the second time the lawsuits involving the e-mails of former Secretary of State Hillary Clinton. The complaints were filed...
Trump Calls FBI Raid on Cohen Disgraceful

Trump Calls FBI Raid on Cohen “Disgraceful” and “Total Witch Hunt”

President Donald Trump condemned the Federal Bureau of Investigation (FBI) for raiding the home, hotel room, and office of his longtime personal lawyer Michael...
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SEC revokes registration of investment adviser engaged in $60 million securities fraud

The Securities and Exchange Commission (SEC) decided to revoke the registration of an investment adviser allegedly engaged in $60 million securities fraud. In a lawsuit...

Former WellCare General Counsel Defrauds Medicaid; Gets Prison Sentence

The former general of a company received a prison sentence for his role in defrauding the Medicaid for over $35 million. According to the DOJ,...
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Tesla under investigation over possible defect in Model S and Model X battery packs

The U.S. National Highway Traffic Safety Administration (NHTSA) launched an investigation into Tesla over a potential defect in the battery packs of its Model...

U.S. Transportation Department Orders Audit of Boeing 737-Max 8 Certification

The U.S. Department of Transportation directed its Inspector General to perform an audit of Boeing 737 Max 8 certification from the Federal Aviation Administration’s...

Johnson & Johnson to pay $20.4 million to settle opioid lawsuits in Ohio

Johnson & Johnson reached a settlement agreement with Ohio counties that filed lawsuit in connection with its role in creating the opioid crisis nationwide....

Alleged Municipal Bond ‘Flipping’ and Kickback Scheme Unraveled by SEC

The Securities and Exchange Commission charged two firms and 18 individuals in a scheme to inappropriately divert new issue municipal bonds to broker-dealers at...

Must Read

Perplexed by how to contain virus, countries take tough steps

Saudi Arabia cut travel to Islam’s holiest sites, South Korea toughened penalties for those breaking quarantines and airports across Latin America looked for signs...