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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2022-11-29T13:39:00
The Department of Justice (DOJ) requested Rennova Health repay Covid-19 relief funds it received in 2020 as part of a whistleblower lawsuit against the healthcare services provider.
Rennova, based in Tennessee, has been under investigation following a qui tam whistleblower lawsuit filed in July 2021 claiming the company received more than $12.2 million in Covid-19 relief funds and used the money to pay “ineligible expenses and transfer funds to ineligible recipients.” The complaint cited violations of the False Claims Act and was filed in U.S. District Court for the Southern District of Florida.
The complaint alleged between April 2020 and July 2020, $9.5 million of the federal government loans received by Rennova was used to pay Chief Executive Seamus Lagan’s compensation and for other nonrelief purposes. The suit seeks treble damages plus other fees.
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2023-01-25T17:19:00Z By Aaron Nicodemus
The Federal Reserve Board fined New York-based Popular Bank $2.3 million for processing Paycheck Protection Program loans despite finding significant indications of possible fraud in the loan applications.
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A Florida-based investment fund will pay approximately $22,000 as part of a settlement resolving the first False Claims Act whistleblower case involving a Paycheck Protection Program loan in which the United States intervened.
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Houston-based Prosperity Bank will pay approximately $18,700 to resolve allegations it processed a Paycheck Protection Program loan for an ineligible recipient in what is believed to be a landmark False Claims Act settlement.
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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.
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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.
2024-07-26T13:36:00Z By Adrianne Appel
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.
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