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Olympus Pays Record Anti-Kickback Penalty For Device Case

The endoscope-maker resolved a federal investigation into kickbacks with a $600-million-plus payment, as well as a deferred prosecution agreement and a corporate integrity agreement that come with serious commitments to improving compliance.

Olympus Corp. is making a record payment and implementing stricter internal compliance controls and monitoring to avoid prosecution on kickback allegations.

The largest distributor of endoscopes and related equipment in the US will pay $623.2 million to the federal and state governments, and to a whistleblower to settle criminal charges and...

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