Conflicts of interest are marring a $364 million program to overhaul the Defence Department’s IT systems, with contractors involved in decisions increasing the value of their company’s contracts, the national auditor says. The Australian National Audit Office has raised the alarm about Defence’s handling of the program, saying the company,…
To several U.S. senators, it looked wasteful, even outrageous. Every year, taxpayers pay for at least $750 million worth of expensive pharmaceuticals that are simply thrown away. Companies ship many of the drugs in “Costco”-size vials, one lawmaker said, that once opened usually cannot be resealed or saved for other…
A real estate broker hired by the San Diego Housing Commission to locate housing for the homeless during the COVID-19 pandemic was sued by the city Tuesday for allegedly violating conflict-of-interest disclosure laws in the acquisition of two hotels in Mission Valley and Kearny Mesa. The lawsuit alleges real estate…
The COI Program has released a UFOLIO patch that now gives all users access to historical “snapshot” views of disclosures. When updates are made to the UFOLIO e-forms, the e-forms on previously submitted disclosures are changed along with any new disclosures. For example, if a required question is newly added…
Washington D.C., July 26, 2021 — The Securities and Exchange Commission today announced that 21 investment advisers and 6 broker-dealers have agreed to settle charges that they failed to timely file and deliver their client or customer relationship summaries – known as Form CRS – to their retail investors.
CLEVELAND — A federal criminal case alleging that a former Cleveland Clinic doctor failed to disclose his ties to China has been dismissed by federal prosecutors. Dr. Qing Wang was a respected medical reseacher who was arrested in May, 2020 following an FBI investigation into his relationship with Chinese authorities…
PARIS, July 16 (Reuters) – French Justice Minister Eric Dupond-Moretti has been put under formal investigation in connection with a judicial investigation into alleged conflicts of interest, his lawyers said on Friday. They said…
Akron General Health System (AGHS), a regional hospital system based in Akron, Ohio, will pay $21.25 million to resolve allegations under the False Claims Act of improper relationships with certain referring physicians, resulting in the submission of false claims to the Medicare program. AGHS was acquired at the end…
Sonny Perdue bought a grain plant in South Carolina from one of the biggest agricultural firms in the nation at a small fraction of its estimated value shortly after Donald Trump tapped him to be U.S. Secretary of Agriculture, The Washington Post reported. The investigation found that Archer-Daniels-Midland sold the…
The COI Program is excited to announce that we have recently added a new discloser population to UFOLIO. Any UFIRST users who are “active” or “in-process” key personnel who did not already have access to UFOLIO have now been added to the UFOLIO system and should submit disclosures of outside…
