India Seeks Details From Embraer About U.S. Investigation

India is seeking information from Embraer SA following reports that a U.S. investigation into the aircraft maker’s dealings may also include the South Asian country’s 2008 purchase of three surveillance jets.

The Ministry of Defense will ask for an explanation and details and may take further steps once it receives a reply, spokesman Nitin Wakankar tweeted on Saturday.

Embraer has been under investigation by U.S. authorities over business dealings with the Dominican Republic; that probe expanded to include the Brazilian aircraft maker’s involvement with more countries, including India, Folha de S.Paulo reported last week. In 2008, Embraer announced the sale of three EMB-145 airborne early-warning and control aircraft to the Indian government. read more »

‘Flash crash’ trader takes extradition case to appeal

The Hounslow trader who is fighting the United States’ claims that he placed spoof bets on the market is to take his appeal against extradition to the High Court next month.

Navinder Singh Sarao, 37, was first arrested in April 2015 on charges linked to his trading activity from the bedroom of his family home in west London.

The FBI and US markets watchdog allege that he made illusory trades designed to nudge the market in his favour as far back as 2009.

His case has attracted particular attention over the claim that he made major high-speed bets in the minutes before the “flash crash” in 2010, which sent the Dow Jones stock index on a hair-raising 1,000-point swing. read more »

BOK Financial, Senior Executive Charged With Turning Blind Eye to Investment Scheme

The Securities and Exchange Commission today announced that a subsidiary of Oklahoma-based BOK Financial Corporation has agreed to pay more than $1.6 million to settle charges that it concealed numerous problems and red flags from investors in municipal bond offerings to purchase and renovate senior living facilities. 

The agency also filed a complaint in federal court against a former senior vice president at the bank, Marrien Neilson, who allegedly was chiefly responsible for the failures of the bank’s corporate trust department while overseeing what turned out to be fraudulent bond offerings managed by Christopher F. Brogdon, an Atlanta-based businessman.  Brogdon has since been charged with fraud and ordered by the court to repay $85 million to investors. read more »

Security Co. Fights Doc Request In Blackwater FCA Row

Blackwater successor Academi on Thursday pushed back on expanded discovery of False Claims Act allegations that the company falsified firearms qualifications for contractors providing U.S. Department of State security in Afghanistan, claiming that documents sought from third parties would exponentially multiply the case.

Since winning expanded discovery on the FCA allegations earlier in the summer, former marksmen Lyle Beauchamp and Warren Shepherd have pushed for more documents from third parties such as fellow State Department contractor Triple Canopy. Triple Canopy and Academi have both pushed back on requests for firearms training scorecards, and last month Triple Canopy filed a motion to quash the document requests, claiming that they run too far afield from the actual issues in the case. read more »

Florida Doctor Indicted for Role in $13.8 Million Medicare Fraud Scheme

The medical director of a clinic in Orlando, Florida, was charged in a superseding indictment filed today for his alleged participation in a $13.8 million health care fraud scheme involving claims for expensive prescription drugs and physical therapy. 

Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, U.S. Attorney A. Lee Bentley III of the Middle District of Florida and Special Agent in Charge Shimon R. Richmond of the U.S. Department of Health and Human Services-Office of Inspector General’s (HHS-OIG) Miami Regional Office made the announcement. read more »

L.A. Nursing Home, Two Physicians Pay over $3.5 Million to Resolve Allegations They Participated in Illegal Patient-Transfer Scheme

A Los Angeles nursing home and two physicians who worked at the facility have paid $3,563,140 to resolve civil allegations that they participated in a scheme to improperly transfer patients recruited from the “Skid Row” district to a hospital for medically unnecessary services, and then transfer the patients from the hospital to the nursing home for medically unnecessary stays. read more »