has
agreed to pay $4.41 Million to settle allegations that it violated the
False Claims Act by giving false statements to the U.S. Department of
Veterans Affairs (VA)
and the U.S. Department of Defense (DoD). Yesterday's settlement was the third federal lawsuit against the company
since the company moved its headquarters from Minnesota to Dublin,
Ireland in January.
Both Governor Lael Brainard and Chair Janet Yellen provided some entertainment at the "Economic Mobility: Research
and Ideas on Strengthening Families, Communities, and the Economy"
Ninth Biennial Federal Reserve System Community Development Research
Conference, held in Washington, D.C. The discussion blamed income inequality on everything from race and geography, to education and sales tax. It was a great event. Thanks to the St. Louis Fed for organizing.
The United States District Court for the
District of New Mexico entered a final judgment against Charles R.
Kokesh ordering him to pay civil penalties of $2,354,593 as well as
disgorgement and prejudgment interest totaling $53,004,432. The case went to five-day trial; the jury ultimately found Kokesh guilty of securities fraud by misappropriating and
misusing millions of dollars from at least 1995 through July 2007.
Historical Echoes: Pop Culture Sold Savings Bonds
This article, published yesterday, was written by Megan Cohen a research librarian in the Federal Reserve Bank of New York's Research and Statistics Group. The article reflects on the use of icons such as Lucille Ball to sell U.S. savings bonds. "Unfortunately for pop culture aficionados" Cohen writes, "big-name promotions for U.S. savings bonds died down in more recent decades." U.S. savings bonds are no longer available at your bank as they were prior to 2012, but they are still available for purchase online through the U.S. Treasury.
5/11 - OFAC Spring Symposium In DC, Registration Is Free
OFAC invites you to join their 2015 Symposia which is to take place in Washington, D.C. The Spring Symposium is scheduled for May 11, 2015, and the Fall Symposium will be held in September 22, 2015.
OFAC invites you to join their 2015 Symposia which is to take place in Washington, D.C. The Spring Symposium is scheduled for May 11, 2015, and the Fall Symposium will be held in September 22, 2015.
Historical Echoes: Pop Culture Sold Savings Bonds
This article, published yesterday, was written by Megan Cohen a research librarian in the Federal Reserve Bank of New York's Research and Statistics Group. The article reflects on the use of icons such as Lucille Ball to sell U.S. savings bonds. "Unfortunately for pop culture aficionados" Cohen writes, "big-name promotions for U.S. savings bonds died down in more recent decades." U.S. savings bonds are no longer available at your bank as they were prior to 2012, but they are still available for purchase online through the U.S. Treasury.