Whistleblower News: $12.7M To Resolve Allegations Of False Claims For Anti-Overdose Drug, Lab Director Pleads Guilty To Major Fraud On USA, SEC Charges Partner At Global Consulting Firm With Insider Trading, Bay Area Man Orchestrated $1B Ponzi Scheme

Kaléo Inc. Agrees to Pay $12.7 Million to Resolve Allegations of False Claims for Anti-Overdose Drug

DOJ

kaléo Inc., a Virginia-based pharmaceutical manufacturer, has agreed to pay the United States $12.7 million to resolve allegations that kaléo caused the submission of false claims for the drug Evzio, an injectable form of naloxone hydrochloride indicated for use to reverse opioid overdose. Evzio was the highest-priced version of naloxone on the market, and insurers frequently required the submission of prior authorization requests before they would approve coverage for Evzio. read more »

Former metallurgist lab director pleads guilty to major fraud on USA

DOJ

The former Director of Metallurgy at Bradken Inc. pleaded guilty today in U.S. District Court in Tacoma to defrauding the United States by falsifying test results that measure the strength and toughness of steel used in U.S. Navy submarines, announced U.S. Attorney Nick Brown.  Elaine Thomas, 67, of Auburn, Washington, pleaded guilty to major fraud on the United States.  She faces up to 10 years in prison and a $1 million fine when sentenced by U.S. District Judge Benjamin H. Settle on February 14, 2022. read more »

SEC Charges Partner at Global Consulting Firm With Insider Trading

The Securities and Exchange Commission today charged Puneet Dikshit, a partner at a global management consulting firm, with illegally trading in advance of a corporate acquisition by one of the firm’s clients in September. read more »

Bay Area man orchestrated $1 billion Ponzi scheme, the region’s ‘largest criminal fraud,’ feds say

WASHINGTON POST

The lavish lifestyle was part of the con. Jeff Carpoff and his wife, Paulette, wanted to give investors the illusion their solar energy company in the San Francisco Bay area was thriving. read more »