A former employee at a Florida TD Bank branch has pleaded guilty to laundering about $4.8 million for Colombians involved in criminal activity in exchange for small bribes.
DOJ
Posted inWhistleblowers
Whistleblower program coming to DOJ’s fraud division, McDonald says in memo
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.
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 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 Policy
DOJ revisions to Justice Manual address False Claims Act enforcement
The DOJ recently revised the Justice Manual to reinstate previous agency policy on how it will enforce FCA cases moving forward, and when it will seek to dismiss whistleblower actions.
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.
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 inRegulatory Enforcement
Compliance implications of the National Fraud Enforcement Division
Eight months after the Trump Administration announced the establishment of a whole-of-government National Fraud Enforcement Division, many in the legal and compliance community are still left speculating about its purpose and scope of enforcement authority.