Weeklong trips to Japan. Winery tours, ballooning excursions, and spa treatments. Unrestricted grants for "research," doled out by sales representatives. Federal prosecutors said Tuesday it was all part of an illegal effort by Olympus Corp. of the Americas, based in Center Valley, Pa., near Allentown, to...
Olympus Corp. of the Americas, Nation’s Largest Distributor of Endoscopes, Also Agrees to Reforms and Subsidiary Admits to Foreign Bribery The United States’ largest distributor of endoscopes and related equipment will pay $623.2 million to resolve criminal charges and civil claims relating to a scheme to...
For years health care compliance officers have worried about personal liability for the misdeeds of the companies they serve. And why not? Health care is the most heavily regulated of all major industries, and the compliance officer is charged with assuring compliance with the regulatory...
Worried about investor fraud? There's an app for that! The Securities and Exchange Commission's new mobile friendly database puts the ability to check the qualifications of would-be investment advisors just a couple of clicks away on any smartphone, tablet or desktop, the agency announced this week. A new public service campaign warning investors...
Sprint Nextel Corp. appealed a New York state tax decision to the U.S. Supreme Court, asking it to decide whether the state’s sales tax on interstate mobile voice services is preempted by the federal Mobile Telecommunications Sourcing Act (Sprint Nextel Corp. v. New York, U.S., No....
College accreditors have come under scrutiny recently for allowing for-profit schools to collect billions in federal aid despite low graduation and high default rates. Accreditors are supposed to be watchdogs for college quality. They are not government agencies but colleges need an accreditor’s seal of approval...
LONDON — A Belgian magistrate judge is investigating whether the Swiss bank UBS engaged in fraud, money laundering and other crimes in an effort to help wealthy individuals avoid taxes, the Brussels prosecutor’s office said on Friday. UBS is suspected of having directly approached Belgian customers,...
Two-thirds of fraud cases in 2010 involved more than one scheme, including fraudulent billing, falsified patient records and kickbacks, according to a new report released by the Government Accountability Office (GAO). Of the 739 fraud cases the GAO reviewed, 61 percent included two to four schemes, and...
Wells Fargo continues to face federal and state mortgage probes, even after the $1.2 billion settlement it reached in early February to resolve claims of misconduct related to mortgages insured by the Federal Housing Administration. Wells Fargo, in its annual 10-K filing released on Wednesday, said...
Former federal prosecutor Amy Easton has joined whistleblower law firm Phillips & Cohen in Washington, D.C. During her twelve years with the Justice Department, Easton investigated and litigated False Claims Act cases, focusing primarily on health care fraud matters involving upcoding, Stark Act violations, kickbacks, medical...