Company: APM
Filing Date: 2025-12-05
Form Type: 424B5
Source: 0001213900-25-118752
Chunk: 175

Company: Aptorum Group Ltd
Filing Date: 2025-12-05
Form: 424B5
Chunk 175
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 decreasing or concealing an obligation to pay money to the federal government. Further, a violation of the federal Anti-Kickback Statute     
 can serve as a basis for liability under the federal civil False Claims Act. The qui tam provisions of the False Claims Act allow private    
 individuals to bring actions on behalf of the federal government and to share in any monetary recovery. There is also the federal Criminal   
 False Claims Act, which is similar to the federal Civil False Claims Act and imposes criminal liability on those that make or present        
 a false, fictitious or fraudulent claim to the federal government.                                                                           |

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| ● | The federal Stark law, which prohibits physicians from referring                                                                                
 patients to receive “designated health services” payable by Medicare or Medicaid from entities with which the physician or                      
 an immediate family member has a financial relationship, unless an exception applies. Financial relationships include both ownership/investment 
 interests and compensation arrangements. Violation of the federal Stark law can result in significant civil monetary penalties and exclusion    
 from participation in the federal healthcare programs.                                                                                          |

| ● | The Eliminating Kickbacks in Recovery Act, which makes it a                                                                           
 federal crime to knowingly and willfully solicit or receive any remuneration (including kickbacks, bribes, or rebates) in return for  
 referring a patient to a recovery home, clinical treatment facility, or laboratory where the services are covered by a “health        
 care benefit program,” which includes private payers, or pay or offer any remuneration to induce such a referral or in exchange       
 for an individual using the services of a recovery home, clinical treatment facility, or laboratory. Violations of the law may result 
 in penalties per occurrence and imprisonment.                                                                                         |

| ● | Federal criminal statutes created by HIPAA impose criminal liability                                                                        
 for, among other things, knowingly and willfully (i) executing (or attempting to execute) a scheme to defraud any health care benefit       
 program, including private payers, or (ii) falsifying, concealing or covering up a material fact or making any materially false,            
 fictitious or fraudulent statement in connection with the delivery of or payment for items or services under a health care benefit program. |

| ● | HIPAA, as amended by the Health Information Technology for Economic                                                                      
 and Clinical Health Act of 2009, which also restricts the use and disclosure of protected health information, mandates the               
 adoption of standards relating to the privacy and security of protected health information, and