Mortgage Insurers Funneled Kickbacks to Lenders, Alleges CFPB
On Thursday, the Consumer Financial Protection Bureau filed complaints against four mortgage insurers who the CFPB claimed had paid millions in kickbacks to mortgage lenders.
kickbacks
Government Recoups $4 Billion from Health Care Fraud Cases
The government recouped a staggering $4 billion in fiscal 2010 that was stolen from federal health care programs, the departments of Justice and Health and Human Services announced Monday -- the highest annual amount ever. More than half of the fraud money recovered came from drug companies.
Former Car Czar Steve Rattner to Pay SEC $6.2 Million for 'Pay-to-Play' Scheme
The Securities and Exchange Commission charged former Quadrangle Group principal Steven Rattner with participating in a "pay-to-play" kickback scheme with New York's largest pension fund. Rattner has agreed to pay $6.2 million in fines.
HP Shares Rise On News of Kickbacks Settlement Agreement
Hewlett-Packard shares rose in after-hours trading after the company agreed to settle a lawsuit from the Justice Department, which claimed the company paid kickbacks to get recommendations for government work. The settlement will cost 2 cents per share.
The Big 401(k) Rip-Off May Finally Be Ending
A recent court decision could stop a common investment industry practice that robs millions of 401(k) plan participants of higher returns by choosing fund versions with expense ratios that are some 40% greater.
Johnson & Johnson Fights Charges of Recalls and Kickbacks
Johnson & Johnson shares are rebounding as the drug maker recovers from federal charges it paid kickbacks to a pharmacy company to boost sales of its drugs to nursing-home patients. Meantime, the Food and Drug Administration accused it of being too slow with its product recall during a Tylenol scare.
