Catch of the Week Archives - Page 12 of 31

Catch of the Week — Yukom Communications and Others Face CFTC Claims of Binary Options Fraud

Posted 08/16/19

The Commodity Futures Trading Commission filed suit against five entities and four individuals on August 12, 2019, in the Northern District of Illinois for running a $103 million fraudulent binary options scheme. The defendants, led by Israeli company Yukom Communications Ltd.,which marketed binary options using two websites known as BinaryBook and BigOption. In recent years, the CFTC has targeted fraudulent binary...

Tagged in: Catch of the Week, Financial and Investment Fraud, Fraud in CFTC-Regulated Markets, Market Manipulation and Trading Violations, Misrepresentations,

DOJ Catch of the Week — Beaver Medical Group

Posted 08/9/19

Yesterday, California-based Beaver Medical Group and one of its physicians, Dr. Sherif Khalil, agreed to pay roughly $5 million to resolve allegations they violated the False Claims Act by reporting invalid diagnoses to Medicare Advantage plans causing those plans to receive inflated payments from Medicare. It is the latest example of what has become a strong government commitment to pursuing fraud in the Medicare...

Tagged in: Catch of the Week, FCA Federal, Healthcare Fraud, Medical Billing Fraud, Medicare, Whistleblower Case, Whistleblower Rewards,

Catch of the Week — Comprehensive Pain Specialists Targeted for Urine Drug Testing Fraud

Posted 07/26/19

Laboratory sample vial lying on procedure coding form

Our Catch of the Week goes to Comprehensive Pain Specialists (CPS), a now-shuttered pain-management chain that was once one of the largest in the nation, treating as many as 48,000 pain patients a month at about 60 clinics across 11 states. CPS shut down in 2018 with little warning to patients and employees. On Monday, July 22, the United States and the State of Tennessee announced their partial intervention in...

Tagged in: Anti-Kickback and Stark, Bundling and Unbundling, Catch of the Week, FCA Federal, Healthcare Fraud, Improper Medical Personnel, Laboratory and IDTF, Lack of Medical Necessity, Medical Billing Fraud, Whistleblower Case,

Catch of the Week — Overstock.com Ordered to Pay $7.27M in Whistleblower’s Unused Gift Card Case

Posted 07/12/19

In a final order made public this week, a Delaware judge ordered internet retailer Overstock.com to pay $7.27 million in treble damages and civil penalties for failing to report and transfer to the state nearly $3 million in unredeemed gift card balances.

Update, July, 2020: Interpreting the Delaware False Claims Act, on June 26, 2020, the Delaware Supreme Court issued an order reversing the judgment of the trial...

Tagged in: Catch of the Week, FCA State, Government Programs Fraud, Importance of Whistleblowers, Whistleblower Case, Whistleblower Rewards,

Catch of the Week — Merrill Lynch Commodities Inc.

Posted 06/28/19

Merrill Lynch Commodities Inc (“Merrill”), a commodity trading subsidiary of Bank of America Corporation, agreed on June 25th to two $25 million settlements with both the Department of Justice (“DOJ”) and the Commodity Futures Trading Commission (“CFTC”) to resolve allegations it conducted deceptive trading practices in United States commodities markets.

DOJ Criminal Violations

This settlement resolved...

Tagged in: Catch of the Week, CFTC Whistleblower Reward Program, FCA Federal, Importance of Whistleblowers, Market Manipulation and Trading Violations, Whistleblower Eligibility, Whistleblower Rewards,

Catch of the Week — Wound Care Device Manufacturer ACell Inc.

Posted 06/14/19

Our Catch of the Week goes to ACell Inc., a Maryland-based medical device manufacturer that pleaded guilty to violating the Federal Food, Drug, and Cosmetic Act (FDCA) by failing to report that it had partially removed its wound-care product, MicroMatrix, from the market because it was contaminated with endotoxins, placing treated patients in danger of serious infection, even death, without informing the FDA that it...

Tagged in: Catch of the Week, FCA Federal, FDA Fraud, Medical Devices and DME, Whistleblower Case,

Catch of the Week — Princess and Carnival Cruise Lines

Posted 06/7/19

Carnival Cruise Lines and subsidiary Princess will pay $20 million in criminal penalties for environmental transgressions and violations of probation. Princess and parent Carnival are just over two years into a five-year probation term that stems from Princess’s April 2017 felony conviction for deliberately dumping oil-contaminated wastewater into the open ocean and then engaging in an intentional coverup of its...

Tagged in: Catch of the Week, Ocean Dumping,

DOJ Catch of the Week — Dr. Joseph Galichia

Posted 05/31/19

Paper Ripped Uncovering Medical Necessity Wording

This week's DOJ Catch of the Week goes to Kansas cardiologist Joseph Galichia. Yesterday, he agreed to pay $5.8 million to resolve allegations that he and his company, Galichia Medical Group, violated the False Claims Act by billing federal health care programs for medically unnecessary cardiac stent procedures. This is the government's third False Claims Act settlement with Dr. Galichia. Which may explain why he also...

Tagged in: Catch of the Week, FCA Federal, Healthcare Fraud, Lack of Medical Necessity, Provider Fraud, Whistleblower Case, Whistleblower Rewards,

Catch of the Week — Bosch Fined $100 Million Over Volkswagen Diesel Emissions Scandal

Posted 05/23/19

German prosecutors fined Bosch $100 million for its role in the 2015 Volkswagen diesel emissions scandal. The fine was imposed for negligent violation of supervisory obligations resulting from the use of Bosch software to mask illegal pollution levels in diesel-engine vehicles. Bosch, the world’s largest automotive supplier, developed the engine management control software used to provide emissions testers with...

Tagged in: Catch of the Week, Environmental Fraud,

Catch of the Week — Pharmaceutical Company Allegedly Bribed Doctors with Trips to the Kentucky Derby

Posted 05/8/19

Cartoon of Sick Monkey and Horse Doctor Doing Check-Up

A recent settlement between the Department of Justice and US WorldMeds (“USWM”), show how creative, and how luxurious, kickbacks allegedly paid to physicians can be. The company, a pharmaceutical manufacturer, agreed to pay $17.5M to resolve claims that it violated the False Claims Act by paying kickbacks to patients and doctors by boosting sales of two of their drugs, Apokyn (a drug used to treat Parkinson’s...

Tagged in: Anti-Kickback and Stark, Catch of the Week, Importance of Whistleblowers, Whistleblower Case, Whistleblower Rewards,

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Catch of the Week

Catch of the Week — Yukom Communications and Others Face CFTC Claims of Binary Options Fraud

DOJ Catch of the Week — Beaver Medical Group

Catch of the Week — Comprehensive Pain Specialists Targeted for Urine Drug Testing Fraud

Catch of the Week — Overstock.com Ordered to Pay $7.27M in Whistleblower’s Unused Gift Card Case

Update, July, 2020: Interpreting the Delaware False Claims Act, on June 26, 2020, the Delaware Supreme Court issued an order reversing the judgment of the trial...

Catch of the Week — Merrill Lynch Commodities Inc.

DOJ Criminal Violations

Catch of the Week — Wound Care Device Manufacturer ACell Inc.

Catch of the Week — Princess and Carnival Cruise Lines

DOJ Catch of the Week — Dr. Joseph Galichia

Catch of the Week — Bosch Fined $100 Million Over Volkswagen Diesel Emissions Scandal

Catch of the Week — Pharmaceutical Company Allegedly Bribed Doctors with Trips to the Kentucky Derby

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