SEC Charges AT&T and Three Executives with Selectively Providing Information to Wall Street Analysts SEC
Millions earmarked for public health emergencies were used to pay for unrelated projects, inspector general says WASHINGTON POST Federal officials repeatedly raided a fund earmarked for biomedical research in the years leading up to the covid-19 pandemic, spending millions of dollars on unrelated salaries, administrative expenses and even the cost of removing office furniture, according to the findings of an investigation into a whistleblower complaint shared with The Washington Post.
Space Force delays deal to ‘further evaluate’ contractor found to have acted fraudulently WASHINGTON POST
New law cracks down on shell companies to combat corruption ABC A watershed reform of U.S. money laundering laws could allow investigators to uncover the proceeds of foreign bribery, drug trafficking and terrorism in just a few keystrokes The new legislation quietly passed by Congress last month after a decade-long fight is the most sweeping banking reform of its kind since passage of the Patriot Act, in the aftermath of the Sept. 11, 2001, terrorist attacks.
Boeing agrees to pay $2.5B+ to settle criminal fraud charges over 737 MAX SEATTLE TIMES Boeing has agreed with the U.S. government to pay more than $2.5 billion to defer prosecution and resolve a charge of “criminal misconduct” in its certification of the 737 MAX, the Department of Justice announced Thursday.
Luckin Coffee Agrees to Pay $180 Million Penalty to Settle Accounting Fraud Charges SEC
U.S., states file sweeping antitrust lawsuits against Facebook, setting stage for potential breakup WASHINGTON POST
Former U.S. Senator and anti-fraud law co-sponsor Paul Sarbanes dies at 87 REUTERS Paul Sarbanes, a Maryland Democrat who served in the U.S. Congress for more than three decades, helped clean up the Chesapeake Bay and corporate scandals and pressured Richard Nixon to resign as president, died on Sunday at 87. After the crash of Enron and other companies in corporate scandals in 2001 and 2002, Sarbanes, as chairman of the Senate Banking Committee, advocated sweeping regulatory changes.
SEC Charges the Cheesecake Factory for Misleading COVID-19 Disclosures SEC The Securities and Exchange Commission today announced settled charges against The Cheesecake Factory Incorporated for making misleading disclosures about the impact of the COVID-19 pandemic on its business operations and financial condition. The action is the SEC's first charging a public company for misleading investors about the financial effects of the pandemic.
Workrite Companies to Pay $7.1 Million to Settle Alleged Furniture Overcharges DOJ Ergonomic office furniture maker Workrite Ergonomics LLC, a Delaware company, and its parent, Knape & Vogt Manufacturing Co. (collectively, Workrite), have agreed to pay $7.1 million to resolve allegations under the False Claims Act that they overcharged the federal government for office furniture under General Services Administration (GSA) contracts, the Department of Justice announced today.
Stock Sales by Leaders at Coronavirus Testing Company Raise Legal Concerns NPR Early on in the coronavirus pandemic, as governments scrambled to find rapid and reliable coronavirus tests, three states ended up turning to a small public company that just months earlier had no major customers and was losing millions of dollars.
The Commodity Futures Trading Commission (CFTC) today announced that Judge Brian J. Davis of the Middle District of Florida has ordered Defendants Maverick International, Inc. (Maverick), and its principals Edward Rubin and Wesley Allen Brown to pay $8,605,274.92 in combined restitution and civil monetary penalties for commodity futures fraud, commodity pool fraud, and related violations of federal commodity laws.
The Supreme Court is set to decide whether corporate whistle-blowers are protected from being fired if they disclose wrongdoing to company officials rather than to the Securities and Exchange Commission.
"The Justice Department will "double down" on its efforts to prosecute individuals culpable for corporate crimes, the agency's acting No. 2 official said today. Speaking
Whistleblowers contacted the Securities and Exchange Commission about corporate disclosures and financials more than anything else in fiscal 2012, according to
About 36% of the almost $16 billion recovered by the Justice Department in health care whistle-blower fraud cases has come since 2009, records show, which reflects
Now is the time, if ever, for Congress to pass legislation that would reinstate aiding and abetting liability for accountants, lawyers, and others who help corporate executives commit securities fraud that harm investors. The public is outraged from watching all those who assisted in the market meltdown walk away with their huge bonuses.