First Reported FCA Cares Act Settlement Announced

Weekly Newsletter | January 22, 2021 | Subscribe

Biden Administration

----------------------------------------------------------------------------------- CNN: Biden names acting agency heads as key Cabinet nominees remain unconfirmed As President Biden’s Cabinet nominees await their confirmation hearings and Senate votes, the President named acting agency heads at several departments.

NPR: Biden Taps Veteran Financial Regulators to Lead SEC, CFPB Along with appointing Gary Gensler to lead the SEC, President Biden selected Rohit Chopra to head the Consumer Financial Protection Bureau. Chopra currently serves as a commissioner on the FTC.

COVID-19 Related Fraud


National Law Review: First Reported FCA Cares Act Settlement Announced The DOJ announced the first civil settlement to resolve allegations of fraud against the Paycheck Protection Program of the CARES Act. SlideBelts Inc. and its president and CEO have agreed to pay the U.S. a combined $100,000 in damages and penalties for alleged violations of the False Claims Act and FIRREA.

Dept. of Justice: Man Charged with $5 Million COVID-Relief Fraud A Texas man has been charged in the Eastern District of Texas with allegedly filing bank loan applications seeking more than $5 million dollars in forgivable loans guaranteed through the CARES Act.

Case Settlements & Opinions


Dept. of Justice: Compounding Pharmacy Mogul Sentenced for Multimillion-Dollar Health Care Fraud Scheme A Mississippi businessman was sentenced today for his role in a multimillion-dollar scheme. Between 2012 and 2016, Wade Ashley Walters, 54, orchestrated a scheme to defraud TRICARE and other health care benefit programs by distributing compounded medications that were not medically necessary.

Dept. of Justice: DOJ and Florida company settle allegations it imported roofing materials without required country of origin markings In The Western District of Washington, a Florida-based corporation agreed to pay more than $160,000 to resolve allegations it imported roofing underlayment product manufactured in China without country of origin markings. 11th Circuit Revives False Claims Act Lawsuit Over Hundreds of Millions in Improper VA-Backed Loans The U.S. Court of Appeals for the Eleventh Circuit revived a long-running whistleblower action accusing a now-defunct mortgage company and its president of adding illegal fees to mortgage loans to veterans, reversing the lower court’s decision.

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