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U.S.-based investment management firm Legg Mason Inc. ("Legg Mason") agreed to disgorge over $34 million in profits and prejudgment interest to settle SEC charges that it violated the Foreign Corrupt Practices Act ("FCPA").

Just in the last six months, the U.S. Securities and Exchange Commission has brought a series of groundbreaking cases alleging securities fraud by municipal bond issuers and public officials.

The past has a way of repeating itself.

As all of you have read, the SEC and the Department of Justice (DOJ) are conducting a nationwide series of insider trading investigations relating to the use by hedge funds and other investors of third-party research firms (so-called "expert networks").

Victims of Ponzi schemes are increasingly seeking to recover their losses from the financial institutions used by Ponzi scheme perpetrators to hold victims’ funds before misappropriating them.

On October 25, 2016, the Secure Payments Task Force, a 160-member task force convened by the US Federal Reserve Board to advance the safety, security and resiliency of the national payment system...

On July 1, 2015, the United States for the District of Columbia sued the estate and trusts of the late Layton P. Stuart – the former owner of One Financial Corporation and its subsidiary One Bank & Trust...

The U.S. Department of Justice announced on March 28 that Medical Transport, a Virginia-based ambulance service provider, agreed to pay $9 million to resolve allegations ...

On August 2, 2017, U.S. Attorney General Jeff Sessions announced the creation of the Opioid Fraud and Abuse Detection Unit, a Department of Justice pilot program designed to combat the opioid-addiction epidemic ravaging parts of the country.

This is arguably a more stringent standard than federal criminal health care fraud liability in the excluded provider context."

The healthcare sector's exponential growth continues and the latest projections from the Centers for Medicare and Medicaid Services Office of the Actuary are that expenditures will reach a $7.7 trillion by 2032.

A medical doctor and one of the owners of several infusion clinics pleaded guilty to conspiracy to commit healthcare fraud in violation of 18 U.S.C. Section 1349...

Federal health fraud recoveries for FY 2016 totaled $3.3 billion, according to the latest HCFAC program annual report.

Every tax season is plagued with scams to defraud individuals and companies for money from tax returns.

In United States v. Nora, No. 18-31078, 2021 WL 716628 (5th Cir. Feb. 24, 2021), the court of appeals ruled that the evidence was insufficient to support a finding that the defendant acted...

In fact, the affidavit of the person who claimed the most familiarity with that process, did not claim to have witnessed the submission to the government of any actual false claims.

The Food and Drug Administration has adopted Guidance for industry and FDA staff regarding potential or planned medical device submissions.

The maxim "those who cannot remember the past are condemned to repeat it" (George Santayana) is also a good rule to keep in mind when it comes to fraud and abuse laws.