Category: corporate corruption

An indictment was unsealed today in the District of Connecticut charging a Connecticut man and a foreign national with conspiracy, multiple counts of violating the Foreign Corrupt Practices Act (FCPA), and money laundering in connection with an alleged scheme to pay bribes to Brazilian officials to win contracts with Brazil’s state-owned and state-controlled energy company, Petróleo Brasileiro S.A. – Petrobras (Petrobras).  

For journalistic integrity, we note that podcaster Shawn Ryan has commented on this article: This is typical media today. How can people not see how biased this article is? The Canadian SOF unit was the only one offered a statement, neither Dallas nor myself was contacted in any way, shape or form. @ShawnRyanShow https://t.co/L1mfeppZ8y — Shawn Ryan (@ShawnRyan762) February 16, 2023 The Canadian…

On January 24, 2023, the Federal Reserve Board (“FRB”) assessed a second-tier[1] civil penalty of $2.3 million against New York-based Popular Bank (or the “Bank”) for unsafe and unsound practices related to six Paycheck Protection Program (“PPP”) loans.  According to the FRB, the Bank processed and funded these loans despite detecting significant indicia of fraud……

Michael S. Flynn was sentenced on Feb. 10 in Bridgeport, Connecticut to fifteen months’ imprisonment and restitution of $1,062,155 for his participation in bid-rigging and fraud schemes targeting public and private entities in Connecticut. This is the seventh sentencing arising out of the investigation into the insulation contracting industry.

London, United Kingdom – The Metropolitan Police Force’s Commissioner, Sir Mark Rowley, is certainly banking on the expectation that it can. Many would say it’s an almost insurmountable task. But the alternative is unthinkable. The force is the first port of call for law enforcement and prevention of crime in the United Kingdom’s capital – with unique responsibilities and challenges. But…

An anonymous source tells the Associated Press that Pence has been subpoenaed in ongoing investigations into Donald Trump. Former United States Vice President Mike Pence has been subpoenaed by the special counsel overseeing investigations into efforts by then-President Donald Trump and his allies to overturn the results of the 2020 election, according to a person with direct knowledge of the…

Several banks are now offering super-long-term mortgages in response to soaring interest rates, but experts warned that the offers come with a $300,000 hidden cost. Forty-year mortgages are now being offered by banks, to supposedly help alleviate some of the pressure as surging interest rates force the average Australian to spend an additional $12,000 a year in mortgage repayments. But…

Prosecutors arrested a former operations executive at the Tokyo Olympics organizing committee and three others on Wednesday over bid-rigging allegations, as yet another corruption scandal surfaces in the wake of the global sports event. Tokyo prosecutors arrested the former executive, Yasuo Mori, on suspicion he played a leading role in rigging bids for contracts related to games test events in…

Court documents were unsealed this week charging 23 Michigan residents for their alleged involvement in two illegal schemes to defraud Medicare of more than $61.5 million by paying kickbacks and bribes and billing Medicare for unnecessary medical services that were never provided. “As alleged, the defendants and their co-conspirators repeatedly paid illegal bribes and kickbacks so they could submit claims…

A federal jury convicted two men today for engaging in a scheme to defraud Medicare Advantage and Medicaid managed care plans of over $3.8 million. According to court documents and evidence presented at trial, Ikechukwu Udeokoro, 47, of North Bergen, New Jersey, owned Meik Medical Equipment and Supply (Meik), a durable medical equipment supplier that was located in the Bronx, New York. Ayodeji Fasonu, 56, of Bridgeport, Connecticut, was Meik’s manager. Through Meik, Udeokoro and Fasonu billed Medicare Advantage and Medicaid managed care plans for hundreds of expensive patient support systems that were never provided to patients or caregivers. These support systems included large devices that were designed to assist with lifting immobile patients and patients in nursing homes. In reality, Udeokoro and Fasonu provided patients with recliner chairs that had a seat lift feature. Between December 2010 and February 2014, Udeokoro and Fasonu fraudulently billed Medicare Advantage and Medicaid managed care plans more than $3.8 million and were paid approximately $2.4 million.

European investigators have shut down an encrypted communication service that was used as a secure channel for organized crime, particularly in the drug trade, and arrested 48 people, German authorities said Monday. More than 70 properties were searched in Germany, the Netherlands, Belgium and Poland on Friday, when the arrests were made, the criminal police office in the western German…

More than 27 months since it was greenlighted by Congress, the panel established to investigate the inner workings of the U.S. Olympic structure has yet to conduct a formal interview because of bureaucratic red tape and slow action from the same lawmakers who had expressed a pressing need for better oversight. Two Olympics — the Summer Games in Tokyo and…

An NGO boss who was among four suspects held in pre-trial detention as part of a Belgian probe into alleged bribery in the European Parliament linked to Morocco and Qatar has been released. Niccolo Figa-Talamanca, an Italian who led the “No Peace Without Justice” NGO before being stripped of his position after his arrest in December, was ordered freed on…

  U.S. Department of Justice FOR IMMEDIATE RELEASE Friday, February 3, 2023 Food and ingredient manufacturing company Kerry Inc. pleaded guilty today to a charge that it manufactured breakfast cereal under insanitary conditions at a facility in Gridley, Illinois, that was linked to a 2018 salmonellosis outbreak. Pursuant to a plea agreement filed with a criminal information in federal court…