The DOJ’s Corporate Enforcement Section will oversee businesses’ compliance with criminal resolutions, and the department’s fraud division will create a whistleblower program to encourage substantial tips about business fraud.
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
Smart ring founder faces years in prison for lying to investors
The founder of a “smart ring” startup company was found guilty of lying to investors to further her nearly $2 million Ponzi scheme, the DOJ announced.
Posted inRegulatory Enforcement
Loan fraud involving former CEO and his friends allegedly led to collapse of Oklahoma’s First National Bank of Lindsay
A former borrower of the First National Bank of Lindsay conspired with the bank’s former chief executive concerning loans, which contributed to the Oklahoma bank’s collapse in 2024, the DOJ said.
Posted inData Privacy
New California law expands personal data deletion mandate for businesses
Businesses will soon have to honor requests by California residents to delete personal data no matter who collected the information originally.
Posted inHealthcare
Nursing home group, its owner, and an exec agree to pay $1M to settle false claims allegations
A New England nursing home group, its owner, and an executive agreed to pay $1 million to settle allegations first brought by a whistleblower that they billed Medicare and Medicaid for unnecessary care, the DOJ announced last Wednesday.
Posted inRegulatory Enforcement
OTC Link pays $575,000 to SEC to settle alleged compliance failures
Broker-dealer OTC Link LLC has agreed to pay $575,000 to settle allegations that it repeatedly failed to create and enforce compliance policies and procedures for one of its trading platforms, which handles over-the-counter stocks, the SEC announced.
Posted inTop Stories
SEC’s Woodcock: Enforcement division aims to aggressively enforce fraud
The SEC’s overarching priority is to “get back to basics,” David Woodcock, the commission’s director of the Division of Enforcement, said.
Posted inTop Stories
Fuel card company agrees to pay $100M over improper fee allegations
A company that sells fuel cards to businesses and its chief executive have agreed to pay $100 million to resolve allegations that customers were charged hidden fees.
Posted inTop Stories
Abbott to pay almost $385M in DOJ settlement over infant formula plant allegations
Abbott Laboratories will pay nearly $385 million to settle allegations, first brought by whistleblowers, that two of its infant formula plants had unsanitary conditions that did not comply with federal and state regulations, the DOJ announced.
Posted inRegulatory Enforcement
Former NY home care owner faces more than 6 years for Medicaid fraud
The former owner of a New York home health care company and two adult day care centers will pay $61 million and was sentenced to more than six years in prison for Medicaid fraud, the DOJ National Fraud Enforcement Division announced.
