History Of Tax Havens: New Jersey’s Easy Incorporation Laws
To better understand the current state of tax havens, and perhaps to predict in some way where they are headed in the future, it is helpful to look at the history of their development. While the term tax haven can be rather ambiguous, there are certain key features that underlie them: secrecy, low taxation, and […]
Subacute Nursing Home Provides Substandard Care
A small-town nursing home in New Jersey recently agreed to pay a sum of $888,000 to resolve allegations that they had provided substandard or “worthless” care to patients over the course of a two-year Medicaid fraud scheme. From July 2010 to December 2012, Andover Subacute and Rehab Center Services Two Inc. billed New York Medicaid […]
First Federal Case of Its Kind Unveils $1.4 Million “Spoofing” Scheme
The conception of the Dodd-Frank Wall Street Reform and Consumer Protection Act has come to fruition in the uncovering of a large-scale commodities exchange scheme, resulting in an estimated loss of $1.4 million. This scheme directly violated the anti-spoofing provision of the Dodd-Frank Act, and is being called the first of its kind to be […]
Celgene Pays $280 Million for Off-Label Marketing of Cancer Drugs
Celgene, a pharmaceutical manufacturer based out of New Jersey, paid $280 million following a whistleblower suit which claimed they promoted their popular cancer drugs for unapproved purposes. The two drugs in question, Thalomid and Revlimid, are Celgene’s highest-grossing products, together accounting for $8.4 billion in annual revenue – an astounding 75% of the company’s profits. […]