Medicare Fraud of $251 Million, 94 Suspects Indicted
On Friday, July 16, the Department of Justice (DOJ) and Department of Health and Human Services (HHS) announced that the joint DOJ-HHS Medicare Fraud Strike Force has charged 94 people […]
Entries by admin_fidj
Safe Cosmetics Act of 2010: New Bill Would Increase Cosmetics Regulations
The U.S. Food and Drug Administrations (FDA) current regulation of cosmetics is relatively lax compared to the way the Agency regulates drugs, biologics, medical devices, and other FDA-regulated industries. However, […]
Indoor Tanning Industry under FDA and IRS Scrutiny
Indoor tanning has drawn the attention of both the Internal Revenue Service (IRS) and the U.S. Food and Drug Administration (FDA) recently. Both administrative bodies are taking action that will […]
“Theft of Honest Services” Fraud Statute Narrowed by Supreme Court
A number of high profile white collar criminal prosecutions have included fraud charges based on the “theft of honest services ” fraud statute, 18 U.S.C. Sec. 3146. This statute provides […]
Newly Released Mexican Regulations Imposing Restrictions on Mexican Banks for Transactions in U.S. Currency
The Department of the Treasury, Financial Crimes Enforcement Network (FinCEN) issued guidance on June 21, 2010 regarding the newly released Mexican Regulations, which are likely to impact financial institutions in […]
IRS Associate Chief Counsel Musher on FATCA Guidance, Withholding,
IRS associate chief counsel (international), Steven Musher, told tax practitioners on June 21, 2010, that the IRS will attempt to balance the needs of taxpayers and their advisers when issuing […]
Qualified Health Claim Approval May become easier for Dietary Supplement Marketers
On May 27, 2010, the United States District Court of the District of Columbia granted a summary judgment in the matter of Alliance for Natural Health US v. Sebelius, suggesting […]
Miami-Based Trade is Booming (So is Enforcement)
WorldCity, a Miami, Florida, media company focused on the impact of global trade “ and a strategic partner of Fuerst Ittleman “ reported on June 16, 2010 that import and […]
UBS Deal with U.S. Threatened by Vote in Swiss Lower House
Switzerlands lower house voted on June 8 to reject a bill that would have allowed the Swiss government to provide the United States with names of UBS account holders allegedly […]
Severe Tax Penalties to be Imposed for Violation of Newly Codified Economic Substance Doctrine
The realm of tax law has been significantly changed by the recent codification of the economic substance doctrine in the Health Care and Education Reconciliation Act of 2010(i) supplementing the […]
