February 7, 2010 |
When it comes to securities fraud, 2009 was either the best of times or the worst. Both arguments are made in the statistics. Last year, the Securities and Exchange Commission, the nation's top investment regulator: Sought 71 temporary restraining orders to halt misconduct and prevent further harm to investors. That was up 82% from 2008. Doubled the number of formal investigations of securities violations. Ordered wrongdoers to disgorge some $2.1 billion in ill-gotten gains, up 170% from the previous year.
April 3, 2009 |
In one of the nation's largest settlements in a whistle-blower case, Northrop Grumman Corp. has agreed to pay the federal government $325 million to resolve claims that TRW, which it acquired in 2002, provided defective parts for a spy satellite program in the 1990s.
December 17, 2011 |
Pharmacy and prescription drug management company CVS Caremark Corp. has agreed to pay nearly $20 million to settle three lawsuits involving allegations that it defrauded pension systems in three states, including California's giant pension fund, attorneys said. The whistle-blower lawsuits, filed by two former CVS Caremark pharmacists, accused the company of reselling returned drugs, changing prescription orders to make them more expensive and submitting false reports about how long it took to fill prescriptions.
February 22, 2013 |
In the same week that Lance Armstrong announced that he would not cooperate with the anti-doping agency that uncovered the deception he used to win seven Tour de France titles, the Justice Department on Friday opted to press him for the millions he took from former sponsor the U.S. Postal Service. By joining a whistle-blower lawsuit first filed by Armstrong's former cycling teammate Floyd Landis, the Justice Department alleges Armstrong and teammates violated sponsor agreements by using banned substances and methods, including blood doping, testosterone and human growth hormone.
July 26, 2013 |
FT. MEADE, Md. - Young, naive and well-intentioned, wanting to save lives in a combat zone, feeling responsible for U.S. soldiers and Iraqi citizens and hoping they all make it home safely - that is the true Bradley Manning, his lawyer asserted Friday as deliberations began on the fate of the 25-year-old private. Army Col. Denise Lind, the judge who is hearing the case without a jury at Manning's request, must decide whether Manning is guilty of espionage and aiding the enemy in providing more than 700,000 confidential records, videos and other material to WikiLeaks.
January 20, 2013 |
When Michael Woodford in 2011 became president of Olympus Corp., the Japanese optical equipment maker, he told his secretary there was no need to walk backward each time she left his office. In the executive suite of a Japanese company, where fawning deference to those at the top is the norm, this counted as a radical egalitarian gesture. But, as Woodford discovered, he was not really at the top at all. Although he had been promoted to the presidency, becoming the first foreigner to assume that role since the company was established in 1919, he was kept out of the inner circle.
CALIFORNIA | LOCAL
April 24, 1994 |
Almost 20 years have passed since plutonium plant whistle-blower Karen Silkwood died in a car crash on an Oklahoma highway, but her father can't put her mysterious death behind him. Even if Bill Silkwood wanted to let go of the past, events won't let him. He learned recently that Los Alamos National Laboratory in New Mexico had several bone fragments left behind from post-mortem testing done on his 28-year-old daughter, who thought she...
May 9, 2011 |
CompUSA Chief Executive Gilbert Fiorentino has agreed to resign and return $11 million in assets to the electronics retailer's parent company in the wake of a whistle-blower investigation. Systemax Inc., parent of Miami-based CompUSA and TigerDirect, announced Monday that it had reached an agreement with Fiorentino that calls for the surrender of 1.13 million shares of Systemax stock he owns and a payment of $480,000 in cash. The agreement also requires Fiorentino to disclose his and his immediate family's personal assets and forfeit undisclosed assets discovered by Systemax.
CALIFORNIA | LOCAL
April 3, 2012 |
A fugitive in the Los Angeles Memorial Coliseum corruption case said he was in "the jungles of Brazil" and will not return to face trial in an alleged kickback scheme because he shouldn't have been charged. "Let 'em come over here and get me," Tony Estrada, a former Coliseum janitorial contractor who portrays himself as a whistle-blower done wrong, told The Times in a telephone interview. Estrada, who has been charged with embezzlement and conspiracy, said Monday he came forward more than a year ago with canceled checks and other evidence that showed he was making secret payments to the stadium's then-general manager, Patrick Lynch.
November 19, 2013 |
Ensign Group Inc., a Mission Viejo company that operates nursing homes in several states, has agreed to pay $48 million to resolve allegations that it billed Medicare for unnecessary procedures performed on its patients. Two former Ensign Group therapists had accused the company in whistle-blower lawsuits of performing the unnecessary rehabilitation therapy at six skilled-nursing facilities in California. Although the lawsuits were filed in 2006, the government contended that the fraud lasted from 1999 to 2011.