Will the games stop? SEC mulls crackdown on trading apps

REUTERS

A year after the "meme stock" rally humbled hedge funds and roiled Wall Street, U.S. regulators are studying ways to crack down on psychological prompts used by Robinhood Inc (HOOD.O) and other commission-free brokers to promote frequent stock trading on smartphone apps. read more »

Pharmacist Sentenced for $180 Million Health Care Fraud Scheme

DOJ

A Mississippi pharmacist was sentenced today to five years in prison in the Southern District of Mississippi for a multimillion-dollar scheme to defraud TRICARE and private insurance companies by paying kickbacks to distributors for the referral of medically unnecessary prescriptions. The conduct resulted in more than $180 million in fraudulent billings, including more than $50 million paid by federal health care programs. read more »

$14M Medicaid fraud scheme collected urine samples from Charlotte-area kids, feds say

CHARLOTTE OBSERVER

A Greensboro businessman pleaded guilty on Tuesday for his role in a sweeping urine-testing conspiracy in Charlotte and across the state that defrauded North Carolina’s Medicaid program out of some $14 million. read more »

Community Health Owes Attorneys’ Fees in $98 Million Fraud Case

BLOOMBERG

A group of 7 whistleblowers may receive attorneys’ fees for helping federal prosecutors reach a “global” $98 million False Claims Act settlement in 2014 with Community Health Systems Inc. for alleged improper hospital admissions, the U.S. Court of Appeals for the Sixth Circuit ruled. read more »