Two Brooklyn landlords pled guilty to scheme to defraud and unlawful eviction for forcing or attempting to force rent-stabilized tenants out of their homes by destroying their apartments and making them uninhabitable in order to collect significantly higher market-rate. The Governor’s Tenant Protection Unit initiated the investigation concerning allegations of extreme harassment and intimidation in many of the approximately ten buildings owned and managed by Joel and Amrom (a
JPMorgan Chase & Co. agreed to pay more than $264 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA) in the Asia-Pacific region by giving jobs and internships to government officials' relatives and friends, who were typically unqualified. According to an SEC order, investment bankers at JPMorgan’s subsidiary in Asia created a client referral hiring program that bypassed the firm’s normal hiring process and rewarded job candidates referred by c
The Federal Trade Commission warns consumers that homeopathic products on pharmacy are not back by scientific evidence to support their claims. Specifically, the FTC states: -Homeopathic medications are not evaluated for safety or effectiveness by the FDA. -Traditional homeopathic products lack reliable scientific evidence for their claims of effectiveness. -Homeopathy is based on a theory from the 1700’s that is not generally accepted within today’s scientific community.The
The Securities and Exchange Commission awarded a whistleblower more than $20 million, the third highest award, for promptly coming forward with valuable information that enabled the SEC to take an enforcement action against wrongdoers before they could squander investors' money. The SEC program has now awarded more than $130 million to whistleblowers (10-30% of money recovered-not taken from harmed investors) who voluntarily provided the SEC with unique and useful information
A UPS customer filed a class action lawsuit against UPS for placing a delivery area surcharge on its retail customers of almost double the company’s published rates of $1.50 to $4 per package. UPS account-holding customers receive the published rates, while customers at its 16,000 independently owned and operated retail stores receive an inflated rate through its iShip software. Have you ever received an inflated surcharge for a UPS delievery? Click here to read more.