An AI startup company and its former chief executive officer have settled charges that they misrepresented projected revenue, according to the SEC.
Adrianne Appel
Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government.
Email: adrianne.appel@complianceweek.com
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Posted inTop Stories
Florida health group pays $541M to settle false claims allegations
A large health provider group in Florida has agreed to pay $541 million to resolve allegations it inflated patient diagnosis codes in order to boost its reimbursement through a Medicare program. The Villages Health System (TVH) intentionally made patients appear sicker on bills it filed from 2020 through 2024 to three private insurers that […]
Posted inTop Stories
Zillow and Redfin settle with FTC over alleged anticompetitive violations
Zillow and Redfin have settled with the Federal Trade Commission (FTC) and five states over allegations they engaged in anticompetitive activity. Zillow and Redfin, two separate businesses based on online platforms that post apartment rentals and real estate for sale, made an illegal agreement in 2025 to dismantle Redfin’s apartment rental listing business, the FTC […]
Posted inRegulatory Enforcement
TikTok pays $400M to settle children’s privacy allegations, but agreement terms kept secret
TikTok has agreed to pay $400 million to the Department of Justice (DOJ) to settle long-running complaints that the company has repeatedly violated children’s privacy. The DOJ sued TikTok’s predecessor, Musical.ly, in 2019 for allegedly not complying with the Children’s Online Privacy Protection Act (COPPA), which prohibits the collection, use and disclosure of personal data […]
Posted inAML
End of BOI rule doesn’t mean end of BOI responsibilities for banks, small businesses
The Financial Crimes Enforcement Network (FinCEN) ended the requirement that small businesses report beneficial ownership information (BOI) but neither businesses nor banks should consider themselves off the hook about BOI, experts said. FinCEN announced Aug. 11 it was killing the BOI rule, a mandate that certain small businesses report information about any persons holding […]
Posted inTop Stories
SEC charges former execs of auto subprime lender giant Tricolor with fraud, falsifying loan documents
Two former executives and a former manager at subprime auto lender Tricolor Holdings falsified documents in pursuit of a $1.9 billion fraud against investors and banks including JPMorgan Chase, according to the Securities and Exchange Commission (SEC). Tricolor, which formed in 2007 and had dealerships in California, Illinois and Texas, provided subprime car loans to […]
Posted inAML
FinCEN analysis finds smuggling transactions in SARs reached nearly $5 billion
Banks and money services businesses (MSB) reported nearly $5 billion in transactions over three years with suspected links to human smuggling and trafficking, according to an analysis by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN). The federal Bank Secrecy Act (BSA) requires banks and MSBs, which include currency exchangers, check cashing businesses and […]
Posted inPharmaceuticals
Pharma company pays $46M and promises extensive compliance improvements to settle kickback charges
A drug manufacturer will pay more than $46 million and implement significant compliance program improvements to settle allegations that it offered kickbacks to doctors who prescribed its kidney drug.
Posted inRegulatory Policy
FinCEN ends beneficial ownership reporting for most small businesses
Tens of millions of U.S. small businesses will not be required to disclose who owns their businesses, under a final FinCEN decision killing beneficial ownership information reporting.
Posted inTop Stories
Texas genetics lab, former CEO and businessman pay $36.4M to settle kickback allegations
A Texas genetic testing laboratory agreed to a corporate integrity agreement that requires it to hire a compliance officer as part of a $36.4 million settlement of charges related to a kickback scheme. The company, Access DX, of Houston, signed a five-year corporate integrity agreement (CIA) with the Office of Inspector General of the Department […]
