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Press Releases

Will President Trump Revive Section 2 of the Sherman Act?

CartelCapers by Robert Connolly

By Bradford L. Geyer [1] When I concluded by summer of 2015 that our next President would be Donald Trump, my closest friends and associates were skeptical. Having grown up in the New York media market and reading the “Art of the Deal” after college, I studied

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EXIM Bank Reinstates Financing of Argentina

Cinnaminson, NJ-  The Export-Import Bank of the United States (EXIM) has reinstated its program of financing Argentina’s public and private business sectors following a 15 year suspension.   The EXIM Bank post:   Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States

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Ten California Real Estate Investors Face Sentencing for Bid-Rigging Scandal

Cinnaminson, NJ-  Ten California men have been exposed for their role in a large scale bid-rigging racket revolving around foreclosed home auctions.  All of the real estate investors have been sentenced to pay restitution fees ranging from $5,000 to $1 million while seven of the men face imprisonment.

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Justice Department Announces New Plan to Induce Transparency, Professionalism in its Forensics Department

Cinnaminson, NJ-  In efforts to increase transparency and reduce evidence mistreatment, the Department of Justice has announced its plans to ensure the furthering of “professional responsibility” among its forensic practitioners. The DOJ announcement:   Justice Department Announces New Steps to Advance and Strengthen Forensic Science Changes Include New Code

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False Claims Allegations Find Two Medical Equipment Company CEOs Forfeiting $12 Million

Cinnaminson, NJ- Two medical equipment companies and their brother-CEOs will forfeit a grand total of $12 million to settle False Claims allegations. Both companies, U.S. Healthcare Supply LLC and Oxford Diabetic Supply Inc., made unrequested phone calls to Medicare beneficiaries , seeking to sell them unnecessary medical

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New Jersey Electronics Companies Owner Sentenced to 70 Months for Smuggling Sensitive Material to Russia

Cinnaminson, NJ-  From 2008 to 2014, Alexander Brazhnikov of Newark, NJ made over $4 million in undeclared profits and amassed $600,000 in assets as owner of four microelectronics companies.  Brazhnikov smuggled over $65 million worth of sensitive electronics to Russia, using his four companies as shells.  Following sentencing in a federal

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Former MCC Construction Owner Pleads Guilty to Conspiracy to Defraud, MCC Made Over $70 Million in Fraudulent Gains

Cinnaminson, NJ-  From 2008 to 2011, MCC Construction Company worked with two other construction firms to acquire illegally fulfill their contracts, resulting in over 27 ill-gotten contracts and $70 million in fraudulent profit.  Walter Crummy, former CEO of the construction firm, has now pleaded guilty to a federal charge

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Three More Companies Plead Guilty to Fixing Prices of Electrolytic Capacitors

Cinnaminson, NJ-  In a recent development in a deepening global scheme to fix prices of electrolytic capacitors, highly specialized capacitors central to the automotive industry, three more companies have agreed to plead guilty to conspiracy to alter the market.  The U.S. District Court in San Francisco reports

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EDLA: New Orleans Businesswoman Schemes over $2 million from Medicare, Facing 80 months

Cinnaminson, NJ-  Charged with 18 counts of healthcare fraud, Tracy Richardson Brown, 46, is facing 80 months in prison, along with a $2,004,391.63 recitation fee.  The New Orleans native owned Psalms 23 DME LLC paid patient recruiters for names and medical statuses of Medicare beneficiaries and fraudulently billed Medicare for their

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California Man Runs Phony Investment Firm, Embezzles $800,000 from First Duped Client

Cinnaminson, NJ-  Nicholas M. Mitsakos, of San Francisco, faces fraud charges in the Southern District of New York for falsely advertising his investment firm, duping his first customer.  Mitsakos ran Matrix Capital Markets, a customer-free startup that Mitsakos marketed as a firm run by experienced money managers with millions

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