PUBLISHED: December 27, 2023 at 11:53 a.m.| UPDATED: December 27, 2023 at 3:02 p.m.. Maryland's bar counsel, which investigates wrongdoing by attorneys, has moved to suspend former Baltimore State's Attorney Marilyn Mosby's law license. Thomas M. DeGonia, the state's recently appointed bar counsel, cited Mosby's November perjury convictions in a petition…
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NAIC ‘greatly disappointed’ in DOL diss of state annuity sales rules
The National Association of Insurance Commissioners reminded the DOL that states have the right to regulate insurance and the fiduciary rule is a bad fit.
The SEC is accusing him and his real estate investment company, ArciTerra, with fraud in what it called a $35 million scheme. "ArciTerra Companies LLC and its CEO, Jonathan M. Larmore, in a multi-year scheme to misappropriate millions of dollars of investor funds from investment vehicles that ArciTerra managed," the SEC stated in a news release.
DOL fiduciary rule comments number 14,000+ as opposing views harden
Federal regulators are releasing a steady trickle of the more than 14,000 public comments on the Department of Labor’s contentious fiduciary rule proposal.
In the Vatican, as in Italy, prosecutors can appeal verdicts at the same time as defendants. In this case, Diddi filed a three-page motion on Dec. 19 asking the Vatican appeals court to convict each defendant for the full set of charges that he originally laid out, even though the tribunal ruled that many of the alleged crimes simply didn’ t occur.
RALEIGH, N.C.— A Nash County woman has been charged by the N.C. Department of Insurance with felony insurance fraud and felony attempting to obtain property by false pretense. According to the arrest warrant, Windolyn Annjeannett Turner, 55, of Middlesex, gave false statements to State National Insurance Company concerning a car accident on Feb. 11, 2022,…
"George Iakovou's financial scheme and lies harmed people, causing irreparable damage to his victims," U.S. Attorney Peter D. Leary said in a news release. "George Iakovou's greed will have an everlasting effect on the victims he defrauded," Resident Agent in Charge Clint Bush of the U.S. Secret Service's Albany Resident Office said. " According to court documents, in…
Illinois court rejects federal ruling in freeing insurers from privacy coverage
A state appellate court sided with two insurers Tuesday, ruling that they are not responsible for part of a $19 million settlement in a biometric privacy case.
WOODBRIDGE, NJ— A physician from Colonia, and the manager of his Perth Amboy medical office, are now charged with conspiracy to defraud a patient's insurance company, reportedly to conceal the doctor's other alleged crimes. Gurvindra Sinh Johal, 56, affiliated with Amboy Urgent Care in Perth Amboy, and his office manager Rani Patel, 32, of Carteret, were slapped…
The office of the U.S. Attorney for the District of New Jersey issued the following news release on Dec. 18, 2023:. The former co-owners of a New Jersey marketing company were each sentenced today to 12 months and one day in prison for their roles in a scheme to defraud public and private health benefits programs of at least $8.8 million for the billing of medically…
The U.S. Attorney for the District of New Jersey, Philip R. Sellinger, issued the following news release on Dec. 14, 2023:. A Maryland man was sentenced today to 41 months in prison for illegally obtaining more than $2 million in COVID-19 relief funds, U.S. Attorney Philip R. Sellinger announced today. -U.S. Attorney Philip R. Sellinger.
The office of the U.S. Attorney for the District of Massachusetts issued the following news release:. "Dr. Oladipo is no longer just one of the top prescribers of highly addictive opioids in Massachusetts– he is now a convicted felon–for cheating federally funded health care programs, taxpayers, and patients, for work he did not do," said Jodi Cohen, Special Agent in…
What’s next for the Department of Labor fiduciary rule proposal?
Now that the Department of Labor’s two-day public hearing is over, Jan. 2 is the next big date for its controversial fiduciary rule proposal.
Scott Solomon, 37, of Albany, was the former owner of popular Saratoga Saratoga Springs restaurants Siro's, near Saratoga Race Course, and Pig' N Whistle restaurant, which was briefly open on Broadway. U.S. Attorney Carla B. Freedman and Special Agent in Charge Craig L. Tremaroli, of the FBI' s Albany Field Office, made the announcement about Solomon's case Monday.
Fed stands pat; markets jump
After incrementally doubling interest rates to the highest levels in 22 years, the Fed, for the third month in a row, decided to stand pat.
DOL officials push redefinition of ‘trust and confidence’ in fiduciary hearing clash
Department of Labor officials potentially previewed its legal strategy during a pointed exchange Wednesday morning over the details of its controversial fiduciary rule proposal.
The 42- year-old man from Woodstock faces charges of insurance fraud and forgery, according to Georgia Insurance and Safety Fire Commissioner John F. King. While working at State Farm, the agent received a $3,500 premium payment from a client and deposited the check into his personal bank account, investigators said. McClatchy News reached out to State Farm for…
DOL fiduciary rule ‘unnecessary’ and ‘likely to be vacated,’ speaker says
Department of Labor officials kicked off a two-day public hearing with lavish praise and withering criticism of its polarizing fiduciary rule package.
DOL receives over 4k comments on fiduciary rule as public hearing looms
The Department of Labor (DOL) is readying for an avalanche of industry criticism on its fiduciary rule proposal during a two-day public hearing that kicks off Tuesday.
Misty and Jaime Ornelas were charged by a federal grand jury with conspiracy to commit mail fraud in a scheme that allegedly involved phone calls between the mother and her son, who was an inmate at High Desert State Prison in Susanville, court records say. The indictment says that from June 2020 to September 2020 the two conspired to defraud California’ s…
