Fraud

Guidehouse Inc., headquartered in McLean, Virginia, has paid $7,600,000 and Nan McKay and Associates (Nan McKay), headquartered in El Cajon, California, has paid $3,700,000 to resolve allegations that they violated the False Claims Act by failing to meet cybersecurity requirements in contracts intended to ensure a secure environment for low-income New Yorkers to apply online for federal rental assistance...

A federal jury convicted a New Jersey doctor last week for causing the submission of over $5.4 million in fraudulent claims to Medicare for orthotic braces ordered through a telemarketing scheme. According to court documents and evidence presented at trial, Adarsh Gupta, M.D., 51, of Sewell, signed thousands of prescriptions for orthotic braces for over 2,900 Medicare beneficiaries whom he...

  A Canadian man was sentenced to 10 years in prison in the Eastern District of New York for perpetrating a massive psychic mass-mailing fraud scheme that stole more than $175 million from more than 1.3 million victims in the United States. Following a two-week trial, a federal jury convicted Patrice Runner, 57, a Canadian and French citizen, in June 2023...

A New York man has been resentenced to nine years in prison and ordered to pay $39 million in restitution for his role in a multimillion-dollar health care kickback and tax avoidance conspiracy, after his previous sentence was vacated. According to court documents, Aleksandr Pikus, 48, of Brooklyn, orchestrated a scheme to refer Medicare and Medicaid beneficiaries to health care...

A New Jersey doctor has been sentenced to two years in prison and barred from practicing medicine for unlawfully distributing addictive opioids without performing necessary patient assessments. According to court documents and statements made in court, Felicia E. Gonzalez, 65, of Toms River, prescribed oxycodone to three patients without conducting any physical examinations, developing treatment plans, or assessing the patients...

A Florida man was sentenced today to one year and one day in prison for using his hedge fund management company as part of a years-long, multimillion-dollar Ponzi scheme. According to court documents, Michael Wayne Williams, 48, of Miami, was the founder and operator and investment manager of Highguard Capital and its affiliated entities, Guardian Opportunity Fund and Guardian Opportunity...

An Indian national was sentenced today to five years in prison for selling controlled substances on dark web marketplaces and ordered to forfeit approximately $150 million. According to court documents and in statements made in court, Banmeet Singh, 40, of Haldwani, India, created vendor marketing sites on dark web marketplaces, such as Silk Road, Alpha Bay, Hansa, and others, to...

A federal jury in New York convicted a man residing in Puerto Rico today of commodities fraud, commodities market manipulation, and wire fraud in connection with the manipulation on the Mango Markets decentralized cryptocurrency exchange. According to court documents and evidence presented at trial, Avraham Eisenberg, 28, engaged in a scheme to fraudulently obtain approximately $110 million worth of cryptocurrency...

Spouse purchased stock using non-public information about planned merger Washington D.C. — The Securities and Exchange Commission this week charged Tyler Loudon of Houston, Texas, with insider trading ahead of a February 2023 announcement that London-based oil and gas company BP p.l.c. agreed to acquire TravelCenters of America Inc., a full-service truck stop and travel center company headquartered in Ohio....

Six Texas men were sentenced a few days ago for their roles in a conspiracy to fraudulently obtain more than $20 million in forgivable Paycheck Protection Program (PPP) loans that the Small Business Administration (SBA) guaranteed under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Hamza Abbas, 31, Ammas Uddin, 31, and Arham Uddin, 27, all of Richmond, were...