- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
You already know that sometimes when you are convicted of a massive securities fraud, and you owe tens of billions of dollars to thousands of victims, that the U.S. Marshals Service will come to your (former) home(s), seize each and every item you own, and sell it at an auction.
But did you know that sometimes the person who buys 16 pairs of your pants at the auction will then chop them up, make iPad covers out of them, and offer them for sale? Well, sometimes that happens, too.
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Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
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