Cinnaminson, NJ- Connecticut cardiologist Dr. Edward Kosinski has been charged with insider trading surrounding two negative news developments on a drug he invested in. Prior to news breaking regarding patients having life-threatening reactions to REG-1 (the drug), Kosinski sold all 40,000 shares he owned, dodging a $160,000 loss. One
Read more →
Cinnaminson, NJ- Victor Antolik, owner of a commercial janitorial service that operated under over five different company names, has been convicted in the Western District of Texas for four counts of filing false tax returns and impeding the IRS. Apart from underreporting income in tax years of 2004, 2007, and 2008,
Read more →Cinnaminson, NJ- Owners of a North Carolina-based online sales business have been charged with one count of filing a false return and two counts of making false statements on a loan application. As the owners of Southern Shores Online, Daniel Balson (51) and Renee Balson (53), failed to
Read more →
Cinnaminson, NJ- After stashing over $21 million in untaxed revenue in Israeli bank accounts, Masud Sarshar, a Los Angeles retailer, has been charged with “one count of conspiracy to defraud the United States and one count of corruptly endeavoring to impair and impede the due administration of the internal
Read more →
Cinnaminson, NJ- Contracted by the U.S. Government for freight housing and maritime transport, respectively, Jacintoport International LLC and Seaboard Marine Ltd have agreed to pay $1.075 million jointly for False Claims allegations. Jacintoport, a warehousing and stevedoring firm, and Seaboard Marine, a cargo shipping company, were purchase by
Read more →
Cinnaminson, NJ- The U.S. Government has now filed a civil suit under the False Claims Act against former Louis Berger International CEO Derish M. Wolf and CFO Salvatore J. Pepe. While Wolff already faces a year in confinement following confession to a criminal procurement suit, the new civil
Read more →
Cinnaminson, NJ- Chilean airline LATAM has agreed to pay a $12.75 million fine as part of a DPA in its FCPA investigation. The private group operated a shell company that provided faulty contracts, which were virtually bribes, to Argentine officials, in turn leading to their neighboring country’s contracting of
Read more →
Cinnaminson, NJ- Acclarent Inc, a Califonia-based medical devise manufacturer, has paid $18 million to settle DOJ False Claims case. The Johnson and Johnson subsidiary wrongfully marketed their sinus spacer devise to be used with certain post-surgical medicines, a combination not cleared by the FDA, but profitable due to their common
Read more →Cinnaminson, NJ- In a CartelCapers piece written by Robert Connolly (shown below), Microsoft is reported to have won a SCA case against the DOJ for their attempts to seize documents from an Irish email server. The Stored Communication Act (SCA) is a 1986-signed law that protects private email data and
Read more →
Cinnaminson, NJ- Philip Esformes, 47, the owner of over 30 assisted living facilities, has been charged along with Odette Barcha, 49, and Arnado Cormouze, 56, in a billion-dollar Medicare Fraud scheme. Esformes and his cohorts would take advantage of the nursing homes’ residents’ Medicare ties by admitting them
Read more →