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CFTC secures $18.5m in penalties over silver leasing fraud
The scheme promised more than 60 investors insured vault storage and fixed monthly returns, and left them with $8m in losses.
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DOJ asserts ‘equal playing field for US businesses,’ secures CEO conviction under FCPA
DOJ targets CEO whose role in allegedly winning corrupt contracts from the Honduran government led to FCPA and money laundering charges.
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DOJ charges Chinese tech executive and financial adviser over $100m pump-and-dump scheme
The alleged operation involved impersonating investment advisors and creating false Whatsapp boards to lure investors in.
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DOJ’s top antitrust official calls out tech firms and BigLaw over ‘gamesmanship’
Gail Slater cited examples showcasing egregious conduct, and announced special task force.
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DOJ and DHS partner on cross-agency Trade Fraud Task Force
DOJ said it invites the “vital contributions of whistleblowers who can help identify fraud schemes involving an array of imported products.”
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Troy Health’s AI-driven enrolment fraud draws DOJ scrutiny
The North Carolina insurer admitted to misusing proprietary software and an AI platform to enroll seniors without consent.
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DOJ signals hard line on duty evasion as tariff regime firms up
Settlement of $12.4m under False Claims Act shows tariff evasion will be pursued as fraud.
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Podcast: Matt Galvin on leveraging AI and data analytics in compliance programs
Our guest this week is Matt Galvin, co-founder of Gentic Global Advisors and former counsel in the DOJ’s Compliance and Data Analytics Unit.