- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-07-24T18:51:00
Consulting firm Booz Allen Hamilton Holding Corp. agreed to pay approximately $377.5 million as part of a settlement with the Department of Justice (DOJ) regarding alleged False Claims Act violations stemming from improper billing of commercial and international costs in government contracts.
Booz Allen allegedly charged the government in contracts where the costs did not have a direct nexus to the contract’s objective, resulting in use of taxpayer funds for nongovernment-related work, the DOJ said in a press release Friday.
The settlement total is one of the largest in procurement fraud settlements history, said U.S. Attorney Matthew Graves in the release. It includes nearly $210 million in restitution, according to the settlement agreement.
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Lincare Holdings, a provider of oxygen equipment and subsidiary of Linde, agreed to pay $29 million to resolve allegations it violated the False Claims Act by fraudulently overbilling Medicare.
Martin’s Point Health Care will pay nearly $22.5 million to settle allegations it violated the False Claims Act by knowingly submitting inaccurate diagnosis codes for Medicare enrollees to increase reimbursements.
Electronic health record technology vendor NextGen Healthcare agreed to pay $31 million as part of a settlement announced by the Department of Justice for allegedly misrepresenting the capabilities of its software.
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
