The Semler Scientific health technology firm has reached an tentative settlement agreement with the United States Department of Justice (DOJ), revealing in a presentation on Tuesday that it was prepared to pay a fine of $ 29.75 million to resolve all claims linked to possible violations of a federal anti-fraud law related to its commercialization of how much, its flagship product.
Last month, Semler Scientific revealed that he had received a lawsuit for civil research, or CID, essentially, a citation of a federal agency that generally precedes a lawsuit, from the Department of Justice in 2017. In a presentation before the Securities and the United States Securities Commission (SEC) Semler Scientific, he said he had complied with several subsequent subpones during the following years and began the initial discussions of the Commission (SEC) DOJ.
Research on the marketing of Semler Scientific de Quantaflo is not related to its Bitcoin holdings.
In his presentation on Tuesday 8-K before the SEC, Semler Scientific, a large corporate head of Bitcoin, said he had signed an agreement with Crypto Exchange Coinbase, which allowed him to borrow both effective and digital assets, using his Bitcoin holdings as a guarantee. If the company’s conciliation agreement is approved with the DOJ, he said in the presentation, Semler Scientific “intends to borrow under the Master Loan Agreement of Coinbase and use said income (along with his cash) to pay the proposed agreement with the Department of Justice.”
The Semler Scientific solution agreement with the Department of Justice is in principle, which means that it is not yet in stone. In its presentation on Tuesday, the company warned investors that if the parties cannot reach a final agreement, there is still the risk that the Department of Justice may present charges against the company “looking for damage to said agreed amount of liquidation.”
“If the parties cannot reach the liquidation and the DOJ present a complaint, Semler Sci intends to defend itself vigorously in any action of this type,” said the firm in its presentation.
Semler Scientific currently has 3,192 bitcoins, a reserve that is worth approximately $ 267 million at today’s price.
