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  • Article

    Deadline For DRA Compliance Is January 1, 2007: Are You Ready?

    Section 6032 of the Federal Deficit Reduction Act of 2005 ("DRA") requires entities that make or receive annual Medicaid payments of $5 million or more to provide in written policies applicable to employees, contractors and agents detailed information about the False Claims Act, any state laws that pertain to civil or criminal penalties for making false claims and statements, and whistleblower protection.
    United StatesStrategy
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    Federal Court Dismisses Illinois Consumer Fraud Act Case For Alleged Over-Collection Of Illinois Sales Tax

    The U.S. District Court for the Northern District of Illinois also observed that if the store had not collected the high rate of tax and was later determined to be wrong, it would have to pay the difference...
    United StatesTax
Duane Morris LLP
Duane Morris LLP
  • Article

    IRS Report Announces Major Increase In Criminal Investigations For 2013

    IRS Criminal Investigation announced the release of its 2013 annual report, which reflected a significant increase in criminal investigations.
    United StatesTax
    BakerHostetler
    BakerHostetler
  • Article

    Senate Budget Committee Calls For More IRS Criminal Referrals To The DOJ

    According to Law360, the Senate Budget Committee recently held a hearing regarding offshore tax evasion where senators made clear that, in their view, the IRS is not making enough criminal referrals to the Department of Justice.
    United StatesTax
    Katten
    Katten
  • Article

    COVID-19 Cybercriminals Are Stealing $billions Using Business Email Compromise (BEC)!

    AARP reported that "BEC attacks targeted more than 30,700 organizations in the first quarter of 2020, according to security company Symantec.
    United StatesTechnology
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    It's Not Just About Personal Health Information: DOJ Reaches Third Civil Cyber-Fraud Settlement With Cooperating DOD Contractor

    Verizon Business Network Services LLC is the first DOD contractor (to our knowledge) to resolve FCA allegations that it failed to follow cybersecurity standards that were unrelated to personal health records.
    United StatesTechnology
    Arnold & Porter
    Arnold & Porter
  • Article

    NASAA Survey Finds Millenials Most Vulnerable To FinTech Fraud

    Millennials are most vulnerable to FinTech fraud, according to a new North American Securities Administrators Association Pulse Survey of securities regulators.
    United StatesTechnology
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    Notable Litigation – January 2024

    Notable litigation filed during January 2024 includes: (1) Bajuri v. Shiba Prop, LLC, et al. and (2) SEC v. Lee, et al.
    United StatesTechnology
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    Nothing Cryptic About It: Crypto And Private Funds High On Government's Enforcement Priorities, As Government Also Continues To Stress Self-Reporting

    Day one of the ABA White Collar Crime Conference concluded with a compelling panel on securities enforcement priorities, and the message is clear: crypto and private fund activity
    United StatesTechnology
    Arnold & Porter
    Arnold & Porter
  • Article

    Treasury FinCEN Releases Financial Trend Analysis Of Ransomware Trends In 2021

    On October 15, 2021 the Financial Crimes Enforcement Network (FinCen) of the Treasury Department issued a financial trend analysis on...
    United StatesTechnology
    Alston & Bird
    Alston & Bird
  • Article

    Unlicensed Money Transmitter Sentenced, P2P Exchange Retreats From Iran And A Benevolent 51% Attack

    According to a press release published this week, Morgan Rockcoons of Las Vegas, Nevada, has been sentenced to 21 months in prison for wire fraud and operating a bitcoin exchange
    United StatesTechnology
    BakerHostetler
    BakerHostetler
  • Article

    U.S. Government Brings Parallel Cases Alleging Insider Trading Of Cryptocurrency

    Both actions could have sweeping implications in a rapidly evolving area of the law.
    United StatesTechnology
    Cahill Gordon & Reindel LLP
    Cahill Gordon & Reindel LLP
  • Article

    Wow - Cryptocurrency Thefts, Fraud Was $1.2 Billion In The 1st Quarter Of 2019

    Reuters interviewed Dave Jevans (CEO of CipherTrace) who said that "Crypto crime has gotten worse because regulations are still weakly enforced.
    United StatesTechnology
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    Anti-Corruption Regulation Survey Of 41 Countries 2017–2018

    In 2017 and 2018 to date, there has continued to be an increasing awareness among multinational companies of the significance of anti-corruption regulations in foreign countries and...
    GlobalCriminal Law
    Jones Day
    Jones Day
  • Article

    UK Bribery Act's Impact on Private Equity

    The United Kingdom's Bribery Act, which takes effect on July 1, 2011, poses significant compliance requirements and potential financial ramifications for private equity and venture capital investors in the United States.
    GlobalFinance and Banking
    Duane Morris LLP
    Duane Morris LLP
  • Article

    DOJ Nabs Two More In Real Estate Bid Rigging Conspiracy

    Two real estate investors pleaded guilty to participating in a conspiracy to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia.
    United StatesAntitrust/Competition Law
    McDermott Will & Emery
    McDermott Will & Emery
  • Article

    5-Year Statute Of Limitations Applies To SEC Disgorgement

    The Supreme Court issued a unanimous opinion in Kokesh v. Securities and Exchange Commission, resolving a circuit split and holding that the 5-year statute of limitations for civil penalties...
    United StatesCorporate/Commercial Law
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    Compliance With The UK Bribery Act For Private Equity Firms

    Leading professionals on the UK Bribery Act, Vivian Robinson, QC (Partner, McGuireWoods) and Sterl Greenhalgh (Head of Anti-Bribery & Corruption, Grant Thornton) discuss why private equity firms and private equity backed businesses should take note of the recent developments to the UK Bribery Act.
    United StatesCorporate/Commercial Law
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    DOJ Announces Record Year Of $5 Billion In False Claims Act Recoveries

    2014 was a banner year for federal recoveries under the False Claims Act ("FCA").
    United StatesCorporate/Commercial Law
    Proskauer Rose LLP
    Proskauer Rose LLP
  • Article

    Investment Banker And Plumber Charged With Insider Trading

    The SEC charged an investment banker and his "close friend," a plumber, with insider trading. In a parallel action, the U.S. Attorney's Office for the Southern District of New York announced criminal charges against the two men.
    United StatesCorporate/Commercial Law
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
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