McDonald’s ex-CEO fired after affairs with workers is fined $400K by SEC

The Securities and Exchange Commission on Monday charged former McDonald’s chief executive Stephen Easterbrook with making false and misleading statements to investors about the circumstances of his 2019 termination. The SEC hit Easterbrook with a five-year officer and director bar and a $400,000 civil penalty. McDonald’s fired Easterbrook in November 2019 for exercising “poor judgment”…

Philip Esformes’ conviction in $1.3B fraud case, $44M in penalties, upheld by appeals court

The 11th U.S. Circuit Court of Appeals on Friday upheld the criminal conviction of assisted living community and skilled nursing facility owner Philip Esformes in a healthcare fraud case that the federal government valued at $1.3 billion and described as “the largest healthcare fraud scheme charged by the US Justice Department.” Esformes’ 20-year prison sentence…