Author: 5amResearch

Jul 13, 2022. Diabetes giants Sanofi, Eli Lilly and Novo Nordisk, plus a trio of pharmacy benefit managers will have to face racketeering charges over claims they systematically hiked the price of insulin drugs. U.S. District Judge Brian Martinotti on Friday denied motions by the defendants—which also include PBM bigwigs OptumRx, Caremark and Express Scripts—to scrap claims under the Racketeer Influenced and Corrupt Organizations (RICO) Act. Martinotti did drop antitrust claims under the Robinson-Patman Act, meant to stop distributors from…

Jun 28, 2022. Violating antifraud provisions of the Advisers Act – File No. 3-20897 ADMINISTRATIVE PROCEEDING. The Securities and Exchange Commission today charged three Charles Schwab investment adviser subsidiaries for not disclosing that they were allocating client funds in a manner that their own internal analyses showed would be less profitable for their clients under most market conditions. The subsidiaries agreed to pay $187 million to harmed clients to settle the charges. According to the SEC’s order, from March 2015…

June 17, 2022. In a blow to press freedom, the United Kingdom has approved the extradition of WikiLeaks founder Julian Assange to the United States to face espionage charges related to the publication of classified documents exposing U.S. war crimes. Home Secretary Priti Patel signed off on the transfer after the U.K. Supreme Court denied Assange’s appeals earlier this year, part of a years-long legal battle that rights groups have decried as an attack on journalism and free speech. Assange…

Jun 6, 2022. A former human resources officer at Eli Lilly and Co sued the drugmaker on Monday, alleging she was terminated after pointing out poor manufacturing practices and data falsification involving one of its blockbuster diabetes drugs. The plaintiff, Amrit Mula, alleges violations of an employee protection law and seeks unspecified damages. The U.S. Department of Justice last year launched a criminal investigation into alleged manufacturing irregularities at an Eli Lilly plant in New Jersey following a Reuters story…

June 1, 2022. A former Congressional candidate pleaded guilty today for using COVID-19 relief funds for personal expenditures and for falsifying records to conceal thousands of dollars of in-kind contributions by employees in a report to the Federal Elections Commission (FEC). According to court documents, in 2020, Nicholas Jones, 36, of Boise, Idaho, a small business owner, applied for and received COVID-19 relief funds, including through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), totaling $753,600. Despite…

May 24, 2022

May 9, 2022. Americans are more likely today than they were a year ago to report being “very” or “moderately worried” about several aspects of their finances, reversing the improvement seen last year. People’s concern has increased in relation to paying monthly bills, maintaining their standard of living, paying rent or mortgage, making minimum payments on credit cards and having enough money for retirement. Americans’ financial anxieties increased in 2020 during the unprecedented economic shutdown that occurred at the start…

May 7, 2022. The U.S. government wants $33 billion more for the War in Ukraine and is telling its people that Russia is a threat not only to Ukraine, but to Americans. The enormous aid package is twice the size of a provision approved by Congress last month. It would eclipse all the spending by the United States so far on the war. -NYT, Apr. 28, 2022 How is the U.S. government working for the people who elected it? It’s…

Bill Hwang secured billions in dollars in financing from leading Wall Street banks with lies that ranged from assurances he could quickly exit his positions to claims he had large holdings of easily traded stocks like Apple and Google, according to US authorities. The banks apparently took Hwang’s words at face value as they entered into leveraged derivatives trades with Hwang’s family office, Archegos Capital Management. These deals enabled him to hide the size of his enormous positions in a…

The premier of the British Virgin Islands was arrested by US agents on drug trafficking and money laundering charges at an airport in Miami on Thursday, sending shockwaves across the UK-administered Caribbean tax haven. The islands’ governor, John Rankin, confirmed in a statement that Drug Enforcement Administration agents had arrested Andrew Fahie, the elected premier of the BVI, and called for calm. “I realise this will be shocking news for people in the territory,” he said. Liz Truss, UK foreign…

Leaked PDF: Roe vs Wade Decision A majority of the Supreme Court is prepared to overturn the right to abortion established nearly 50 years ago in Roe v. Wade, according to a leaked draft of the opinion published Monday by Politico. That conclusion seemed a possibility in December when the court considered a Mississippi law that would ban abortions after 15 weeks. But the disclosure Monday by Politico of a draft opinion that it said was circulated by Justice Samuel…

Two Russian oligarchs were found dead last week, within 48 hours of each other. They were found alongside their families in what investigators are labelling murder-suicides. Since the start of 2022, four other Russia-connected oligarchs have mysteriously died by suicide. Here is a list of the Russian oligarchs who have met a mysterious end in 2022 — so far, as reported by several mainstream sources cited below. 1. Sergey Protosenya [Novatek – natural gas] found hanged outside Spanish villa, bodies…

“Elect me, I will charge you less.” “You have to do what the special interest groups require.” Lauren Windsor of The Undercurrent caught GOP Rep Mo Brooks on video saying that says prime committee chairmanships cost a minimum of $1 million and are paid by special interest groups as “a quid pro quo” for favored legislation. NEW: GOP Rep Mo Brooks says prime committee chairmanships cost a minimum of $1 million and are paid by special interest groups as "a…

Litigation Release No. 25369 / April 15, 2022 Securities and Exchange Commission v. Damon Elliott, et al., Civil Action No. 1:20-cv-10860 (District of Massachusetts, Filed May 6, 2020) Final judgments against defendant Damon Elliott, United Kingdom citizen and French resident Civil action charged that Elliott engaged in a Ponzi scheme and misappropriated money from investors, as well as against multiple relief defendants. Among other things, Elliott has been ordered to pay a total of $6,445,837. The court also recently entered judgments…

The Justice Department has filed a complaint against two laboratory CEOs, one hospital CEO and other individuals and entities, alleging False Claims Act violations based on patient referrals in violation of the Anti-Kickback Statute and the Stark Law, as well as claims otherwise improperly billed to federal healthcare programs for laboratory testing. According to the United States’ complaint, laboratory executives and employees at True Health Diagnostics LLC (THD) and Boston Heart Diagnostics Corporation (BHD) allegedly conspired with small Texas hospitals,…