Strategies, Tools & Talent for What’s Next! In our final session of the series, we’ll focus on setting your organization – and your career – up for success in the year ahead. We’ll discuss how compliance drives business impact, how…
Justice: Florida Man Sentenced for $5M Biochemical Wire Fraud Scheme
Justice: Florida Man Sentenced for $5M Biochemical Wire Fraud Scheme
August 7, 2024/
Pen Yu was sentenced in Tampa to three years, eight months in federal prison for conspiracy to commit wire fraud. He ordered biochemical products from Millipore Sigma (subsidiary of Merck), falsely representing that he was affiliated with a Florida university's research lab. He got nearly $5 million in discounts and other benefits not available to the public. The products were shipped to the university stockroom, where an employee held them for Yu, who then repackaged them and sent them to China. Millipore's compliance personnel ID'd suspicious orders, which led to the discovery of the scheme.
Related Posts
CBP: Agency Opens CTPAT Pilot Program to Both Asset- and Non-Asset-Based 3PLs as December 2025 Launch Nears
Although this was announced earlier this year, CBP has put out another notice as this CTPAT pilot program is about to begin. In 2008, CBP expanded CTPAT membership to include third party logistics providers (3PLs) that meet the eligibility requirements and minimum security criteria set forth by the Program. There are two types of 3PLs:…
FMC: Maritime Regulator Collects $1.35 Million in Penalties Over Tariff Violations
The Federal Maritime Commission (FMC) collected 1.35 million in civil penalties from a vessel-operating common carrier (VOCC) and a non-vessel-operating common carrier (NVOCC) The VOCC, Hyundai Glovis, paid 1.3 million and was accused of: 1) providing service in the liner trade that was not in accordance with the rates, charges, classifications, rules, and practices contained…
USTR: Expanded Reciprocal Tariff Exclusions for Agricultural Products
Effective November 13th more exclusions were added for reciprocal tariffs came into effect for certain agricultural products including: coffee and tea; tropical fruits and fruit juices; cocoa and spices; bananas, oranges, and tomatoes; beef; and additional fertilizers (some fertilizers have never been subject to the reciprocal tariffs). IMPORTANT: Annex II applies to all countries and…
CBP: Upcoming Discontinuation of DIS for Outbound Cargo Declarations
On December 1, 2025, U.S. Customs and Border Protection (CBP) will discontinue the use of the Document Image System (DIS) for submitting outbound cargo declarations. This includes the CBP Form 1302A: Cargo Declaration, supplemental form CBP 168, and any associated documents that comprise the outbound cargo manifest. Beginning on December 1, carriers and vessel agents…