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.
Regulatory Enforcement
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
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
FCA warns firms to tighten non-financial misconduct compliance after Crispin Odey’s lifetime ban upheld
The U.K. financial regulator has warned firms that it won’t tolerate a “slapdash” approach to ethics and non-financial misconduct.
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.
Posted inData Privacy
Grindr agrees $35 million settlement for U.K. complaint over serious data breaches
The tech company behind gay dating app Grindr has agreed to make a $35.2 million settlement over allegations that it shared sensitive personal medical information—including whether people were HIV positive—with third parties.
Posted inRegulatory Enforcement
Alcohol distributor pays $12.5M and ups compliance game in DOJ non-prosecution
A U.S. alcohol distributor has agreed to pay $12.5 million and make substantial compliance improvements to resolve allegations that the company and its executives made improper payments to retailers as bribes for business, the DOJ has announced.
Posted inSanctions
OFSI fines Citibank over Russian sanctions violations
Citibank has been handed a £4.7 million fine after its London branch violated the U.K.’s Russian sanctions regime by processing nearly £20 million in illegal payments to designated individuals and organizations.
Posted inData Privacy
Uber’s driver-blocking algorithm draws nearly $1 billion Dutch privacy penalty
The Dutch data protection authority has fined Uber $959.2 million for using automatic decision-making tech to deactivate drivers’ accounts if they received poor customer reviews.