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Olympus to pay $623.2 million for kickback scheme

Jaclyn Jaeger | March 1, 2016

Olympus Corporation of the Americas (OCA), a distributor of endoscopes and related equipment and a wholly-owned subsidiary of Japan-based Olympus, will pay $623.2 million to the government to resolve criminal charges and civil claims relating to a scheme to pay kickbacks to doctors and hospitals—the largest total amount paid in U.S. history for violations involving the Anti-Kickback Statute by a medical device company.

OCA was charged in a criminal complaint filed today in federal court in New Jersey with conspiracy to violate the Anti-Kickback Statute (AKS), which prohibits payments to induce purchases paid for by federal health care programs. OCA will pay a $312.4 million criminal penalty and an additional $310.8 million to the federal government the states to settle civil claims under the federal and various state False Claims Acts....

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