racketeering News

Allstate Sues Florida Pain Clinics, Alleging Millions in Fraudulent Billings

After an Allstate Insurance investigation alleged that a well-known Florida pain clinic had conspired with an injury law firm and had fraudulently billed the auto insurer for unnecessary surgeries and risky procedures, Allstate took the unusual step of striking an …

Alleged Leader of Restoration Racket Wants Judge to Toss Cellphone Evidence

The former gang member accused of commanding a violent extortion ring that allegedly took control of the New York City restoration industry is trying to exclude audio and video recordings taken off his cellphone from the evidence that federal prosecutors …

Alleged Leader of Extortion Crew Wants out of Jail to Prepare for Speedy Trial

The alleged leader of a gangland extortion ring that took control of the New York City fire restoration industry can be heard on recordings threatening to kill competitors and ordering an attack on a rival firm’s employee, federal prosecutors say …

Prosecutors Say Criminal Gang Took Control of Emergency Mitigation Industry in NYC

Federal prosecutors have charged nine individuals in an alleged racketeering conspiracy that they say took control of a Brooklyn damage restoration company and used violence and threats to intimidate competitors and dominate the emergency mitigation industry in New York City. …

Billionaire Sues Rape Accuser and Law Firm, Alleging Defamation and Racketeering

NEW YORK — Billionaire investor Leon Black has escalated his battle against a former model who accused him of rape, filing a lawsuit on Thursday accusing her and her law firm of defamation and racketeering conspiracy. In the complaint, lawyers …

Aggrieved Bettor Gets $20,000 in Unique Horse-Doping Lawsuit

NEW YORK — An aggrieved harness-racing bettor received $20,000 in the settlement of a first-of-its-kind lawsuit in which he claimed he was cheated out of his winnings when a doped horse won a race in New Jersey in 2016. After …

11th Circuit Dismisses Suit Alleging Conspiracy to Deflate Auto Body Repair Changes

A federal appellate court affirmed a decision to throw out a racketeering lawsuit brought by a group of 126 auto body collision repair shops against seven of the largest U.S. insurers. The 11th Circuit Court of Appeals in Atlanta agreed …

JPMorgan Inherited ‘Spoof’ Method From Bear Stearns, U.S. Says

When JPMorgan Chase & Co. took over Bear Stearns more than a decade ago, it got two traders with a new trick. Their strategy: Use multiple fake orders to manipulate the prices of precious metals futures. The maneuver, adopted by …

Drugmaker Insys Wins Bankruptcy Court Approval to Sell Off Opioid

Drugmaker Insys Therapeutics Inc on Thursday won court approval to sell its flagship fentanyl spray to a buyer who agreed to only market the drug for use by cancer patients, in response to concerns about the product’s role in fueling …

Opioid Manufacturer Insys Files for Bankruptcy after Kickback Probe

Drugmaker Insys Therapeutics Inc filed for bankruptcy protection on Monday amid mounting expenses driven by a U.S. Justice Department probe into claims it paid doctors bribes to prescribe a powerful opioid medication. The Chapter 11 bankruptcy filing marked a first …