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Financial Crime Weekly: DaVita Agrees To Pay $34.5M For Kickbacks, Hospice Provider Doles Out $19.4M For False Claims
Friday, July 19, 2024 - 2:35pm | 863Read More...DaVita Inc. (NYSE:DVA), a Colorado-based kidney dialysis provider, agreed to pay $34.5 million for allegedly paying kickbacks to a competitor for making referrals to DaVita Rx, a former subsidiary that provided pharmacy services for dialysis patients. DaVita also allegedly paid kickbacks to...
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Crypto Titan Changpeng Zhao Steps Back, But Will He See The Inside Of A Prison Cell?
Wednesday, November 22, 2023 - 1:29pm | 501Read More...Changpeng Zhao, the founder and former CEO of Binance (CRYPTO: BNB), was released on a $175 million personal recognizance bond. Earlier on Tuesday, Zhao admitted in court to breaching the Bank Secrecy Act. U.S. authorities accused him of instructing Binance to permit American customers to...
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Spy Movie In Real Life: How Terra Founder Do Kwon's Golden Passport Scheme Crashed And Burned
Friday, June 16, 2023 - 1:30pm | 447Read More...Terra founder Do Kwon refuted allegations of possessing a counterfeit passport during a court session in Montenegro, claiming that the Costa Rican passport in question was procured via a Singapore agency. In the court, Kwon was quoted as, “We applied for these passports through...
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Sam Bankman-Fried Strikes Back: FTX Mastermind's Bold Move To Crush Accusations
Tuesday, May 9, 2023 - 12:32pm | 439Read More...Late Monday, Sam Bankman-Fried, the co-founder of cryptocurrency exchange FTX (CRYPTO: FTT), filed pretrial motions to dismiss the majority of charges he is facing. Set to go on trial this fall, Bankman-Fried faces more than a dozen charges, including wire, securities and...
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Terraform Labs Collapse: Eight People Connected To The Scandal Have $160M Worth Of Assets Seized
Tuesday, April 4, 2023 - 1:04pm | 298Read More...South Korean authorities have reportedly confiscated approximately $160 million worth of assets from eight individuals associated with the collapse of Terraform Labs (Terra) (CRYPTO: LUNA), including co-founder Daniel Shin. The Seoul Southern District Prosecutor's Office seized around 210...
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'Pharma Bro' Martin Shkreli Is Chilling At A Halfway House After Being Released From Prison
Wednesday, May 18, 2022 - 4:32pm | 412Read More...Well-known fraudster Martin Shkreli is hanging out at a halfway house after he was released from federal prison on Wednesday. What To Know: According to several reports, citing Shkreli's lawyer, the "Pharma bro" was released from prison after serving a little more than four ...
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Legacies of Shame: The White Collar Crime Epidemic in America
Saturday, February 2, 2013 - 4:17pm | 2713Read More...On Thursday, two prominent fraudsters were sentenced to lengthy prison terms, underscoring the seemingly epidemic levels of white collar crime in America. The prior day, former Illinois governor George Ryan was released from a federal penitentiary in Terre Haute, Indiana after serving more than 5...
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House Republicans Try to Create the World's Worst Criminogenic Environment
Monday, June 11, 2012 - 10:43am | 1955Read More...In criminology, we recognize that one of the leading restraints on the effectiveness of law enforcement is “systems capacity.” Indeed, my mentor, Henry Pontell (UC Irvine), defined the concept. In the context of crimes of the street (other than Wall Street), there is normally no lobby trying to...
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Wall Street's Broken Windows
Sunday, March 4, 2012 - 7:01pm | 2526Read More...James Q. Wilson was a political scientist who often studied the government response to blue collar crime. The public knows him best for his theory called “broken windows.” The metaphor was what happens to a vacant building when broken windows are not promptly repaired. Soon, most of the...
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Greenspan's Laissez Fairy Tale
Monday, January 9, 2012 - 8:37am | 2636Read More...We continue to witness remarkable developments in the intersection of the related fields of economics, finance, ethics, law, and regulation. Each of these five fields ignores a sixth related field – white-collar criminology. The six fields share a renewed interest in trust. The key questions...
