Press Releases

DOJ: Investigation into Automobile Maritime Shipping Racket Continues, Fourth Charge Made

Cinnaminson, NJ- Following investigation multi-corporation shipping racket with emphasis on the fixture of the roll-on, roll-off cargo (automobiles) market, the fourth individual indictment has been made. Mauricio Javier Garrido Garcia, of South American CSAV, has been charged for consciously fixing trade routes, rigging bids, and adjusting prices

Read more

SEC: Two Companies Settle via NPAs, Admit to Bribery of Chinese Subsidiaries

Cinnaminson, NJ- Per FCPA, two companies to agree to SEC non-prosecution agreements.   Akami Technologies (MA) and Nortek Inc. (RI) have both faced unconnected allegations of ill-gotten gains from bribery of Chinese subsidiaries. The companies are agreeing to forfeit $652,452 and $291,403, respectively, for confession to bribing and

Read more

Fourth Individual in NYPA Big-Rigging Scandal Comes Forward, Faces up to Three Years and $250,000

Cinnaminson, NJ- The joint DOJ-IRS-New York Inspector General investigation of bid rigging and fraud within the New York Power Authority ciation has charged its fourth individual. John Simonlacaj of White Plains, NY confessed to a one-count felony charge of aiding NYPA authorities in filing a false tax

Read more

Genentech Inc, OSI Pharmaceuticals Face $67 Million Settlement Fine, $10 Million to Whistleblower

Cinnaminson, NJ- Genentech Inc. (San Francisco, CA) and OSI Pharmaceuticals LLC (Farmingdale, NY) are to jointly pay $67 million following allegations of distorting effectiveness of a drug under the False Claims Act. The drug, Tarceva, was endorsed by both companies for its treatment of non-small cell lung

Read more

Hitachi Chemical Reaches Next Step in Plea: $3.8 Million Fine, Probation, More

Cinnaminson, NJ- Hitachi Chemical, of an ongoing investigation into bid rigging and price fixing, has reached a next step in its plea agreement. The company is the majority supplier of electrolytic capacitors to American automotive companies but has come under investigation for market fixture so as to

Read more

AAG Leslie R. Caldwell Headlines Conference to Fight Cybercrime (Speech)

Cinnaminson, NJ- Assistant Attorney General, Leslie R. Caldwell, spearheads Criminal Division’s efforts to re-strategize ways to investigate and combat cybercrime. A wholly international, and extremely passive, realm of crime, Caldwell advocates for cooperation from all fields- researchers, officials, officers, and more- to best protect Americans from cybercrime.

Read more

Nashville Firm, CEO Alleged to Have Fraudulently Collected Extra Fees from Hedge Funds

Cinnaminson, NJ- Nashville-based Hope Advisors Inc. and CEO, Karen Bruton, facing allegations of fraudulent fee collection per SEC. Although no conviction has been made, the company is currently facing a freezing of $7 million in assets while investigation ensues.  The original article is reproduced below with its

Read more

Deloitte Consulting LLP to Pay $11.38 Million in Damages for Contract Negligence

Cinnaminson, NJ–  New York-based consulting firm, Deloitte, has agreed to pay $11.38 million in reparations for failure to lower its prices per General Service Administration (GSA) contracting, costing government consumers millions from 2006-2012. The article is reproduced below with the original link following.   Deloitte Consulting LLP

Read more

Virginia Construction Company Owner Faces 18 Months in Prison for Tax Fraud

Cinnaminson, NJ- Michael Manning, 52, of Manning Construction has been convicted of embezzling employment taxes, leading the IRS to sentence him to 18 months in prison and charge $677,350.39 in reparations.   The article is reproduced below with original link following.   Virginia Business Owner Sentenced to

Read more

Three Navy Officers Indicted Following Multi-Year Bribery Scheme

Read more
Page 10 of 13« First...89101112...Last »


FormerFeds LLC
141 I Route 130 South
Suite 303
Cinnaminson, NJ 08077
Phone: (888) 486-FEDS


Important: FormerFeds, LLC is not a law firm. We do not provide legal advice. Our PerfectShield™ compliance solution should always be administered with the advice and under the guidance of legal counsel. Read more