Freight Carriers Agree to Pay $6.85 Million to Resolve Allegations of Knowingly Presenting False Claims to the Department of Defense

DOJ

YRC Freight Inc. (YRC), Roadway Express Inc. and Yellow Transportation Inc. (collectively the YRC defendants), have agreed to pay approximately $6.85 million to resolve allegations under the False Claims Act that they knowingly presented false claims to the U.S. Department of Defense (DOD) by systematically overcharging for freight carrier services and making false statements to hide their misconduct. read more »

Electric Last Mile shares plunge on SEC probe

REUTERS

Electric Last Mile Solutions Inc's (ELMS.O) shares fell more than 45% on Monday after the electric vehicle startup disclosed a probe by the U.S. Securities and Exchange Commission and withdrew all its previously issued business outlook. read more »

German prosecutors charge 3 with fraud in Wirecard collapse

AP

German prosecutors have charged the former CEO of payments company Wirecard and two other ex-managers with fraud and false accounting in connection with the firm’s collapse last year amid allegations that much of its revenue and assets were faked. read more »