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Jersey Shore Healthcare Company To Pay $3.15M For Improperly Taking Pandemic Loan: Feds Jersey Shore Healthcare Company To Pay $3.15M For Improperly Taking Pandemic Loan: Feds
Jersey Shore Healthcare Company To Pay $3.15M For Improperly Taking Pandemic Loan: Feds An Atlantic County healthcare system will pay more than $3 million for improperly receiving a loan from a COVID-19 pandemic program, authorities said. Shore Memorial Health System has agreed to pay the federal government $3.15 million, New Jersey's U.S. Attorney Philip Sellinger said in a news release on Wednesday, Aug. 14. The settlement comes from Shore Memorial Physicians’ Group receiving $2.78 million in a Paycheck Protection Program (PPP) loan. The physicians' group wasn't eligible for a PPP loan because it isn't a small business since it's an affiliate of Shore Mem…

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by Chris Spiker
Police & Fire
South Korean Clothing Manufacturer Admits Customs Fraud, Agrees To Pay US $2 Million South Korean Clothing Manufacturer Admits Customs Fraud, Agrees To Pay US $2 Million
South Korean Clothing Manufacturer Admits Customs Fraud, Agrees To Pay US $2 Million A South Korean company has agreed to reimburse the United States $2 million for defrauding Customs officials about the value of imported clothing and apparel. Principals with Anyclo International Inc. admitted this week that the company evaded duties on clothing and apparel that it manufactured abroad and imported into the U.S. for nearly seven years, beginning in October 2012, U.S. Attorney for New Jersey Philip R. Sellinger said. The fraud involved preparing two invoices for the same shipments, the U.S. attorney said. One invoice bore the true value of the merchandise, Sellinger said. Th…

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by Jerry DeMarco
News
Historic Guilty Plea By Oxycontin Maker Purdue Pharma: What It Means Historic Guilty Plea By Oxycontin Maker Purdue Pharma: What It Means
Historic Guilty Plea By Oxycontin Maker Purdue Pharma: What It Means Oxycontin maker Purdue Pharma pleaded guilty in federal court in Newark on Tuesday in exchange for not only the largest penalties ever levied against a pharmaceutical manufacturer for its role in creating the nation’s opioid crisis. The company, which declared bankruptcy last year, also will be dissolved and its assets used to establish a new "public benefit company,” federal authorities said. US District Judge Madeline Cox Arleo approved the deal after Purdue Pharma Board Chairman Steve Miller pleaded guilty during a teleconference to three criminal charges on behalf of the company. “Purd…

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by Jerry DeMarco