The health technology company, Semler Scientific, concluded a provisional settlement agreement with the United States Ministry of Justice (DoJ), revealing in a depositor on Tuesday that he was ready to pay a fine of 29.75 million dollars in order to settle all complaints linked to potential violations of an anti-Fraude federal law linked to its marketing of Quantaflo, its flagship product.
Last month, Semler Scientific revealed that he had received a request for a civil investigation, or CID – essentially, an assignment to appear from a federal agency which generally precedes a trial – of the DoJ in 2017. In a file with the Securities and Exchange Commission (DRA) Scientific, Scientific was in accordance with several sub -spaces of sub -space in the following years and started the first discussions Doj.
The survey on the marketing of Quantaflo by Semler Scientific is not linked to its Bitcoin holdings.
In his deposit Tuesday 8 -k with the SEC, Semler Scientific – a large Bitcoin holder, said that he had signed an agreement with Crypto Exchange Coinbase allowing him to borrow cash and digital assets, using his Bitcoin as guarantee. If the company’s settlement agreement with the DoJ is approved, he declared in the file, Semler Scientific “intends to borrow under the main loan agreement of Coinbase and to use these products (with his money in hand) to pay the proposed settlement with the DoJ.”
The SEMLER Scientific settlement agreement with the DoJ is in principle, which means that it is not yet placed in stone. In its Tuesday depot, the company warned investors that if the parties are unable to achieve a final agreement, there is always a risk that the DOJ can file a complaint against the company “asking for damages higher than this amount of regulation agreed”.
“If the parties could not reach a regulation and file a complaint, Semler SCI intends to defend themselves vigorously in such an action,” said the cabinet in his file.
Semler Scientific is currently holding 3,192 bitcoins, a stock worth around $ 267 million at today.
