JPMorgan to pay a third of $1.86B swaps settlement — JPMorgan Chase & Co is set to pay almost a third of a $1.86 billion settlement to resolve claims that a dozen big banks conspired to limit competition in the credit-default swaps market, with Morgan Stanley, Barclays Plc and Goldman Sachs Group paying about $230 million, $175 million and $164 million, respectively. Reuters
Strata Pathology resolves Kickback case — Massachusetts-based Strata Pathology Laboratory, Inc., has agreed to pay $558,793 to resolve allegations that it violated the False Claims Act by inducing physicians to refer Medicare and Medicaid patients to Strata by paying kickbacks in the form of sham consulting fees and providing unlawful discounts to physicians. DOJ
SEC halts $32M pyramid scheme — The SEC today announced it has filed fraud charges and obtained asset freezes against the operator of a worldwide pyramid scheme that falsely promised investors would profit from a venture purportedly backed by the company’s massive amber holdings. SEC
Cambodia to get whistleblower law — The head of Cambodia’s Anti-Corruption Unit said Thursday that the body’s jurist group had begun drafting a new law to protect witnesses and whistleblowers who come forward with information about graft and other crimes. Cambodia Daily
Two more sentenced to prison for roles in salmonella-tainted peanut butter—Two former officials of the Peanut Corporation of America were sentenced to prison for their roles in a conspiracy to defraud their customers by knowingly shipping salmonella-positive peanut products – the sentences follow last week’s sentencing of PCA’s former president who received 28 years in prison. DOJ
* * *If you would like more information or would like to speak to a member of Constantine Cannon’s whistleblower lawyer team, please click here.