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  • MIL-OSI Security: National Health Care Fraud Takedown Results in 324 Defendants Charged in Connection with Over $14.6 Billion in Alleged Fraud

    Source: United States Attorneys General

    Largest Justice Department Health Care Fraud Takedown in History
    More than Doubles Prior Record of $6 Billion

    The Justice Department today announced the results of its 2025 National Health Care Fraud Takedown, which resulted in criminal charges against 324 defendants, including 96 doctors, nurse practitioners, pharmacists, and other licensed medical professionals, in 50 federal districts and 12 State Attorneys General’s Offices across the United States, for their alleged participation in various health care fraud schemes involving over $14.6 billion in intended loss. The Takedown involved federal and state law enforcement agencies across the country and represents an unprecedented effort to combat health care fraud schemes that exploit patients and taxpayers.

    Demonstrating the significant return on investment that results from health care fraud enforcement efforts, the government seized over $245 million in cash, luxury vehicles, cryptocurrency, and other assets as part of the coordinated enforcement efforts. As part of the whole-of-government approach to combating health care fraud announced today, the Centers for Medicare and Medicaid Services (CMS) also announced that it successfully prevented over $4 billion from being paid in response to false and fraudulent claims and that it suspended or revoked the billing privileges of 205 providers in the months leading up to the Takedown. Civil charges against 20 defendants for $14.2 million in alleged fraud, as well as civil settlements with 106 defendants totaling $34.3 million, were also announced as part of the Takedown.

    Today’s Takedown was led and coordinated by the Health Care Fraud Unit of the Department of Justice Criminal Division’s Fraud Section and its core partners from U.S. Attorneys’ Offices, the Department of Health and Human Services Office of Inspector General (HHS-OIG), the Federal Bureau of Investigation (FBI), and the Drug Enforcement Administration (DEA). The cases were investigated by agents from HHS-OIG, FBI, DEA, and other federal and state law enforcement agencies. The cases are being prosecuted by Health Care Fraud Strike Force teams from the Criminal Division’s Fraud Section, 50 U.S. Attorneys’ Offices nationwide, and 12 State Attorneys General Offices.

    “This record-setting Health Care Fraud Takedown delivers justice to criminal actors who prey upon our most vulnerable citizens and steal from hardworking American taxpayers,” said Attorney General Pamela Bondi. “Make no mistake – this administration will not tolerate criminals who line their pockets with taxpayer dollars while endangering the health and safety of our communities.”

    “As part of making healthcare accessible and affordable to all Americans, HHS will aggressively work with our law enforcement partners to eliminate the pervasive health care fraud that bedeviled this agency under the former administration and drove up costs,” said Secretary Robert F. Kennedy Jr. of the Department of Health and Human Services.

    “The Criminal Division is intensely committed to rooting out health care fraud schemes and prosecuting the criminals who perpetrate them because these schemes: (1) often result in physical patient harm through medically unnecessary treatments or failure to provide the correct treatments; (2) contribute to our nationwide opioid epidemic and exacerbate controlled substance addiction; and (3) do all of that while stealing money hardworking Americans contribute to pay for the care of their elders and other vulnerable citizens,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The Division’s Health Care Fraud Unit and U.S. Attorneys’ Offices stand united with our law enforcement partners in this fight, and we will continue to use every tool at our disposal to protect the integrity of our health care programs for the American people.”

    “The scale of today’s Takedown is unprecedented, and so is the harm we’re confronting. Individuals who attempt to steal from the federal health care system and put vulnerable patients at risk will be held accountable,” said Acting Inspector General Juliet T. Hodgkins of HHS-OIG. “Our agents at HHS-OIG work relentlessly to detect, investigate, and dismantle these fraud schemes. We are proud to stand with our law enforcement partners in protecting taxpayer dollars and safeguarding patient care.”

    “Health care fraud drains critical resources from programs intended to help people who truly need medical care,” said FBI Director Kash Patel. “Today’s announcement demonstrates our commitment to pursuing those who exploit the system for personal gain. With more than $13 billion in fraud uncovered, this is the largest takedown for this initiative to date. Together, the FBI and our law enforcement partners will continue to hold those accountable who steal from the American people and undermine our health care systems.”

    Transnational Criminal Organizations

    29 defendants were charged for their roles in transnational criminal organizations alleged to have submitted over $12 billion in fraudulent claims to America’s health insurance programs.

    For instance, a nationwide investigation known as Operation Gold Rush resulted in the largest loss amount ever charged in a health care fraud case brought by the Department. These charges were announced in the Eastern District of New York, the Northern District of Illinois, the Central District of California, the Middle District of Florida, and the District of New Jersey against 19 defendants. Twelve of these defendants have been arrested, including four defendants who were apprehended in Estonia as a result of international cooperation with Estonian law enforcement and seven defendants who were arrested at U.S. airports and the U.S. border with Mexico, cutting off their intended escape routes as they attempted to avoid capture.

    The organization allegedly used a network of foreign straw owners, including individuals sent into the United States from abroad, who, acting at the direction of others using encrypted messaging and assumed identities from overseas, strategically bought dozens of medical supply companies located across the United States. They then rapidly submitted $10.6 billion in fraudulent health care claims to Medicare for urinary catheters and other durable medical equipment by exploiting the stolen identities of over one million Americans spanning all 50 states and using their confidential medical information to submit the fraudulent claims. As alleged, the organization exploited the U.S. financial system by laundering the fraudulent proceeds and deploying a range of tactics to circumvent anti-money laundering controls to transfer funds into cryptocurrency and shell companies located abroad. The arrests announced today also include a banker who facilitated the money laundering of fraud proceeds on behalf of the organization through a U.S.-based bank.

    The Health Care Fraud Unit’s Data Analytics Team and its partners detected the anomalous billing through proactive data analytics, and HHS-OIG and CMS successfully prevented the organization from receiving all but approximately $41 million of the approximately $4.45 billion that was scheduled to be paid by Medicare. HHS and CMS intend to seek to return the $4.41 billion in escrow to the Medicare trust fund for needed medical care. The scheme nonetheless resulted in payments of approximately $900 million from Medicare supplemental insurers. To date, law enforcement has seized approximately $27.7 million in fraud proceeds as part of Operation Gold Rush.

    In another action involving foreign influence, charges were filed in the Northern District of Illinois against five defendants, including two owners and executives of Pakistani marketing organizations, in connection with a $703 million scheme in which Medicare beneficiaries’ identification numbers and other confidential health information were allegedly obtained through theft and deceptive marketing. The defendants allegedly used artificial intelligence to create fake recordings of Medicare beneficiaries purportedly consenting to receive certain products. According to court documents, the beneficiaries’ confidential information was then illegally sold to laboratories and durable medical equipment companies, which used this unlawfully obtained and fraudulently generated data to submit false claims to Medicare. Certain defendants controlled dozens of nominee-owned durable medical equipment companies and laboratories that allegedly submitted fraudulent claims for products and services the beneficiaries did not request, need, or receive. Certain defendants also allegedly conspired to conceal and launder the fraud proceeds from bank accounts they controlled in the United States to bank accounts overseas. In total, the defendants caused approximately $703 million in alleged fraudulent claims to Medicare and Medicare Advantage plans, which paid approximately $418 million on those claims. The government seized approximately $44.7 million from various bank accounts related to this case.

    Finally, a defendant based in Pakistan and the United Arab Emirates who owned a billing company allegedly orchestrated a scheme to prey upon vulnerable individuals in need of addiction treatment by conspiring with treatment center owners to fraudulently bill Arizona Medicaid approximately $650 million for substance abuse treatment services. According to court documents, some of the services billed were never provided, while other services were provided at a level that was so substandard that it failed to serve any treatment purpose. As part of the conspiracy, treatment center owners allegedly paid illegal kickbacks in exchange for the referral of patients recruited from the homeless population and Native American reservations. The defendant received at least $25 million of ill-gotten Arizona Medicaid funds as a result of the conspiracy and is charged with a money laundering offense for his alleged use of those funds to purchase a $2.9 million home located on a golf estate in Dubai.

    Fraudulent Wound Care

    Charges were filed in the District of Arizona and the District of Nevada against seven defendants, including five medical professionals, in connection with approximately $1.1 billion in fraudulent claims to Medicare and other health care benefit programs for amniotic wound allografts. As alleged, certain defendants targeted vulnerable elderly patients, many of whom were receiving hospice care, and applied medically unnecessary amniotic allografts to these patients’ wounds. Many of the allografts allegedly were applied without coordination with the patients’ treating physicians, without proper treatment for infection, to superficial wounds that did not need this treatment, and to areas that far exceeded the size of the wound. Certain defendants allegedly received millions in illegal kickbacks from the fraudulent billing scheme.

    “Today’s unprecedented enforcement action demonstrates that CMS and our federal partners are united in our mission to protect the integrity of Medicare and Medicaid by crushing waste, fraud, and abuse,” said CMS Administrator Dr. Mehmet Oz. “Every dollar we prevent from going to fraudsters is a dollar that stays in the system to serve legitimate beneficiaries. Through advanced data analytics, real-time monitoring, and swift administrative action, CMS is leading the fight to protect Medicare, Medicaid, and the trust Americans place in these vital programs. We’re not waiting for fraud to happen—we’re stopping it before it starts.”

    Prescription Opioid Trafficking

    74 defendants, including 44 licensed medical professionals, were charged across 58 cases in connection with the alleged illegal diversion of over 15 million pills of prescription opioids and other controlled substances. For example, five defendants associated with one Texas pharmacy were charged with the unlawful distribution of over 3 million opioid pills. As alleged, the defendants conspired to distribute massive quantities of oxycodone, hydrocodone, and carisoprodol, which were subsequently trafficked by street-level drug dealers, generating large profits for the defendants. This coordinated action is a continuation of the Health Care Fraud Unit’s systematic approach to stopping drug trafficking organizations and their pharmaceutical wholesale suppliers, which together have fueled an epidemic of prescription opioid abuse for nearly a decade.

    DEA also announced today that in the last six months, DEA charged 93 administrative cases seeking the revocation of pharmacies, medical practitioners, and companies authority to handle and/or prescribe controlled substances.

    “Health care fraud isn’t just theft — it’s trafficking in trust. Today’s announcement shows that when doctors become drug dealers and treatment centers become profit-driven fraud rings, DEA will act,” said Acting Administrator Robert Murphy of the DEA. “We’re targeting the entire ecosystem of fraud — from pill mills in Texas to kickback clinics exploiting Native communities. If you abuse your medical license to push poison or pad your pockets, we will hold you accountable.”

    Telemedicine and Genetic Testing Fraud

    In today’s Takedown, 49 defendants were charged in connection with the submission of over $1.17 billion in allegedly fraudulent claims to Medicare resulting from telemedicine and genetic testing fraud schemes. For example, in the Southern District of Florida, prosecutors charged an owner of telemedicine and durable medical equipment companies with a $46 million scheme in which Medicare beneficiaries were allegedly targeted through deceptive telemarketing campaigns and then fraudulent claims were submitted to Medicare for durable medical equipment and genetic tests for these beneficiaries. The Department continues to focus on eliminating health care fraud schemes that depend on telemedicine, including schemes involving fraudulent claims for genetic testing, durable medical equipment, and COVID-19 tests.

    Other Health Care Fraud Schemes

    The other cases announced today charge an additional 170 defendants with various other health care fraud schemes involving over $1.84 billion in allegedly false and fraudulent claims to Medicare, Medicaid, and private insurance companies for diagnostic testing, medical visits, and treatments that were medically unnecessary, provided in connection with kickbacks and bribes, or never provided at all. For example, in the Western District of Tennessee, prosecutors charged three defendants, including business owners and a pharmacist, with a $28.7 million scheme to defraud the Federal Employees’ Compensation Fund by allegedly billing for medications for injured United States Postal Service employees that were never prescribed by a licensed practitioner and largely were not dispensed as claimed. And in the Western District of Washington and the Northern District of California, prosecutors charged medical providers with allegedly stealing fentanyl and hydrocodone, respectively, that was meant for the providers’ patients, including child patients in need of anesthesia.

    “VA’s Integrated Veteran Care Programs provide critical community-based health care to our nation’s disabled veterans and their dependents,” said Acting Inspector General David Case of the Department of Veterans Affairs Office of Inspector General (VA-OIG). “Robust oversight of VA’s health care system is one of VA-OIG’s highest priorities. VA-OIG is committed to holding accountable those who defraud government benefits programs intended to care for our nation’s heroes.”

    Breaking Down Silos in the Fight Against Health Care Fraud

    In connection with the coordinated nationwide law enforcement operation, the Department is announcing that it is working closely with HHS-OIG, FBI, and other agencies to create a Health Care Fraud Data Fusion Center to bring together experts from the Department’s Criminal Division, Fraud Section, Health Care Fraud Unit Data Analytics Team; HHS-OIG; FBI; and other agencies to leverage cloud computing, artificial intelligence, and advanced analytics to identify emerging health care fraud schemes. The Health Care Fraud Unit’s Data Analytics Team was established in 2018 to enhance the Unit’s ability to detect, investigate, and prosecute complex health care fraud schemes. Joining forces with data analysts from HHS-OIG, FBI, and other partners will increase efficiency, detection, and rapid prosecution of emerging health care fraud schemes. It will also implement the President’s Executive Order Stopping Waste, Fraud, and Abuse by Eliminating Information Silos (Exec. Order No. 14243, 3 C.F.R. 294 (2025)) by reducing duplicative data teams, increasing operational efficiency through a whole-of-government approach, and leveraging cloud computing, artificial intelligence, and other agency resources.

    Principal Assistant Deputy Chief Jacob Foster, Assistant Deputy Chief Rebecca Yuan, Trial Attorney Miriam L. Glaser Dauermann, and Data Analyst Elizabeth Nolte, all of the Health Care Fraud Unit of the Criminal Division’s Fraud Section, led and coordinated this year’s Takedown. The cases are being prosecuted by the Health Care Fraud Unit’s National Rapid Response, Florida, Gulf Coast, Los Angeles, Midwest, New England, Northeast, and Texas Strike Forces; U.S. Attorneys’ Offices for the District of Arizona, Central District of California, Northern District of California, Southern District of California, District of Columbia, District of Connecticut, District of Delaware, Middle District of Florida, Northern District of Florida, Southern District of Florida, Middle District of Georgia, District of Idaho, Northern District of Illinois, Eastern District of Kentucky, Western District of Kentucky, Eastern District of Louisiana, Middle District of Louisiana, District of Maine, District of Massachusetts, Eastern District of Michigan, Western District of Michigan, Northern District of Mississippi, Southern District of Mississippi, District of Montana, District of Nevada, District of New Hampshire, District of New Jersey, Eastern District of New York, Northern District of New York, Southern District of New York, Western District of New York, Eastern District of North Carolina, Western District of North Carolina, District of North Dakota, Northern District of Ohio, Southern District of Ohio, Northern District of Oklahoma, Western District of Oklahoma, District of Oregon, Eastern District of Pennsylvania, District of South Carolina, Middle District of Tennessee, Western District of Tennessee, Northern District of Texas, Southern District of Texas, Western District of Texas, District of Vermont, Eastern District of Virginia, Western District of Washington, and Northern District of West Virginia; and State Attorneys General’s Offices for California, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Missouri, New York, Ohio, Pennsylvania, South Carolina, and Wisconsin. The Health Care Fraud Unit’s Data Analytics Team used cutting-edge data analytics to identify and support the investigations that led to these charges.

    In addition to FBI, HHS-OIG, DEA, and CMS, HSI, VA-OIG, IRS Criminal Investigation, Defense Criminal Investigative Service, Department of Labor, United States Postal Service Office of Inspector General, Office of Personnel Management Office of Inspector General, and other federal, state, and local law enforcement agencies participated in the operation. The Medicaid Fraud Control Units of California, the District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Massachusetts, Michigan, Missouri, New York, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and Wisconsin also participated in the investigation of many of the federal and state cases announced today.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Forces. Prior to the charges announced as part of today’s nationwide Takedown and since its inception in March 2007, the Health Care Fraud Strike Force, which operates in 27 districts, charged more than 5,400 defendants who collectively billed Medicare, Medicaid, and private health insurers more than $27 billion.

    The following materials related to today’s announcement are available on the Health Care Fraud Unit’s website through these links:

    •  Graphics and Resources

    •  Case Descriptions

    •  Court Documents

    An indictment, information, or complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: Head of the Criminal Division Matthew R. Galeotti Announces Results of Health Care Fraud Takedown

    Source: United States Attorneys General

    Good morning.

    Thank you all for joining us today as we announce the largest coordinated health care fraud takedown in the history of the Department of Justice.

    Today marks a decisive moment in our fight to protect American taxpayers from fraudsters and to defend the integrity of our nation’s health care system.

    We are announcing charges against 324 defendants for their alleged participation in health care fraud schemes involving approximately $14.6 billion in false claims submitted to Medicare, Medicaid, and other health care programs.

    In a takedown this large, I can’t possibly describe all of the work that went into dismantling each scheme, but there are four key points that bear emphasizing.

    First, let me be clear about what these health care fraud schemes mean for every hardworking American family: These criminals didn’t just steal someone else’s money — they stole from you.  Every fraudulent claim, every fake billing, every kickback scheme represents money taken directly from the pockets of American taxpayers, who fund these essential programs through their hard work and sacrifice. And when criminals defraud these programs, they’re not just committing theft — they’re driving up our national deficit and threatening the long-term viability of health care for seniors, disabled Americans, and our most vulnerable citizens.

    This enforcement action involves the seizure of cash, as well as luxury vehicles and properties, returning real money to American taxpayers and to our government health care programs.

    Second, we are seeing a disturbing trend of transnational criminal organizations engaging in increasingly sophisticated and complex criminal schemes that defraud the American health care system.

    As part of this takedown, we’ve identified and charged defendants operating from Russia, Eastern Europe, Pakistan, and other foreign countries who have infiltrated our health care system to steal American taxpayer dollars.

    As one example, we dismantled a scheme involving a sophisticated operation run from Russia and Eastern Europe that strategically bought dozens of medical supply companies in the United States and submitted more than 10 billion dollars in fraudulent health care claims to Medicare. To make matters worse, these perpetrators used the stolen identities of more than one million Americans, spanning all 50 states, to submit these false claims.

    But I’m pleased to report that federal agents intercepted and arrested key members of that organization at U.S. airports and at the U.S.-Mexico border, cutting off their intended escape routes.

    The days of transnational criminal organizations using American health care programs as their personal piggy banks are over.

    Third, this takedown resulted in criminal charges against 74 defendants, including medical professionals, who fueled America’s deadly opioid epidemic for personal profit. These are not isolated instances of poor judgment. These are calculated schemes designed to exploit Americans struggling with addiction while enriching the very people who were duty-bound to help them heal.

    We charged pill mill operators who prescribed unnecessary opioids.  We dismantled networks of corrupt pharmacies that existed solely to distribute drugs to addicts and dealers, feeding the addiction crisis that has devastated so many American communities.

    This is not health care; it is a staggering breach of trust.  And under my leadership, the Criminal Division will prosecute these criminals as aggressively as we would prosecute any drug dealer — because that’s exactly what they are.

    Fourth, many of the defendants charged as part of this takedown specifically targeted some of our most vulnerable citizens: elderly Americans in nursing homes, individuals with disabilities, those battling serious illnesses, and more.  For example, our prosecutors charged seven defendants, including five medical professionals, in connection with approximately $1 billion in fraudulent claims to Medicare and other health care benefit programs for performing medically unnecessary skin grafts on dying patients as they were seeking to spend their final days with dignity and grace.

    That conduct is exactly as callous and disturbing as it sounds. Patients and their families trusted these providers with their lives.  Instead of receiving care, they became victims of elaborate criminal schemes.

    Today’s takedown marks a historic day. In addition to the tireless work of our Fraud Section’s Health Care Fraud Unit, this extraordinary effort would not have been possible without the law enforcement agencies with me here today: Health and Human Services (HHS), Centers for Medicare & Medicaid Services (CMS), Federal Bureau of Investigation (FBI), Drug Enforcement Administration (DEA).

    And of course, countless other partners across the federal, state, and local law enforcement community and dozens of United States Attorneys’ Offices. Thank you to all who made today possible.

    Despite these historic achievements, we aren’t resting on our laurels. We’re making advancements to stay ahead of criminals and their illicit schemes.

    That is why, today, I am also announcing that we are working with our partners at FBI, HHS-OIG, and other federal agencies to create a Health Care Fraud Data Fusion Center to revolutionize how we detect, investigate, and prosecute health care fraud.  These efforts will be led by the Criminal Division, specifically, the Fraud Section’s Health Care Fraud Unit and comprised of data specialists from the Unit’s Data Analytics Team. The Fusion Center will break down information silos, using coordinated data analysis to enable our investigative teams to quickly identify and dismantle emerging fraud schemes.

    This takedown represents the largest health care fraud takedown in American history.

    But it’s not the end—it’s the beginning of a new era of aggressive prosecution and data-driven prevention.

    Thank you.

    I will now turn it over to Acting Inspector General Juliet T. Hodgkins, Department of Health and Human Services Office of Inspector General.

    MIL Security OSI –

  • MIL-OSI Security: Head of the Criminal Division Matthew R. Galeotti Announces Results of Health Care Fraud Takedown

    Source: United States Attorneys General

    Good morning.

    Thank you all for joining us today as we announce the largest coordinated health care fraud takedown in the history of the Department of Justice.

    Today marks a decisive moment in our fight to protect American taxpayers from fraudsters and to defend the integrity of our nation’s health care system.

    We are announcing charges against 324 defendants for their alleged participation in health care fraud schemes involving approximately $14.6 billion in false claims submitted to Medicare, Medicaid, and other health care programs.

    In a takedown this large, I can’t possibly describe all of the work that went into dismantling each scheme, but there are four key points that bear emphasizing.

    First, let me be clear about what these health care fraud schemes mean for every hardworking American family: These criminals didn’t just steal someone else’s money — they stole from you.  Every fraudulent claim, every fake billing, every kickback scheme represents money taken directly from the pockets of American taxpayers, who fund these essential programs through their hard work and sacrifice. And when criminals defraud these programs, they’re not just committing theft — they’re driving up our national deficit and threatening the long-term viability of health care for seniors, disabled Americans, and our most vulnerable citizens.

    This enforcement action involves the seizure of cash, as well as luxury vehicles and properties, returning real money to American taxpayers and to our government health care programs.

    Second, we are seeing a disturbing trend of transnational criminal organizations engaging in increasingly sophisticated and complex criminal schemes that defraud the American health care system.

    As part of this takedown, we’ve identified and charged defendants operating from Russia, Eastern Europe, Pakistan, and other foreign countries who have infiltrated our health care system to steal American taxpayer dollars.

    As one example, we dismantled a scheme involving a sophisticated operation run from Russia and Eastern Europe that strategically bought dozens of medical supply companies in the United States and submitted more than 10 billion dollars in fraudulent health care claims to Medicare. To make matters worse, these perpetrators used the stolen identities of more than one million Americans, spanning all 50 states, to submit these false claims.

    But I’m pleased to report that federal agents intercepted and arrested key members of that organization at U.S. airports and at the U.S.-Mexico border, cutting off their intended escape routes.

    The days of transnational criminal organizations using American health care programs as their personal piggy banks are over.

    Third, this takedown resulted in criminal charges against 74 defendants, including medical professionals, who fueled America’s deadly opioid epidemic for personal profit. These are not isolated instances of poor judgment. These are calculated schemes designed to exploit Americans struggling with addiction while enriching the very people who were duty-bound to help them heal.

    We charged pill mill operators who prescribed unnecessary opioids.  We dismantled networks of corrupt pharmacies that existed solely to distribute drugs to addicts and dealers, feeding the addiction crisis that has devastated so many American communities.

    This is not health care; it is a staggering breach of trust.  And under my leadership, the Criminal Division will prosecute these criminals as aggressively as we would prosecute any drug dealer — because that’s exactly what they are.

    Fourth, many of the defendants charged as part of this takedown specifically targeted some of our most vulnerable citizens: elderly Americans in nursing homes, individuals with disabilities, those battling serious illnesses, and more.  For example, our prosecutors charged seven defendants, including five medical professionals, in connection with approximately $1 billion in fraudulent claims to Medicare and other health care benefit programs for performing medically unnecessary skin grafts on dying patients as they were seeking to spend their final days with dignity and grace.

    That conduct is exactly as callous and disturbing as it sounds. Patients and their families trusted these providers with their lives.  Instead of receiving care, they became victims of elaborate criminal schemes.

    Today’s takedown marks a historic day. In addition to the tireless work of our Fraud Section’s Health Care Fraud Unit, this extraordinary effort would not have been possible without the law enforcement agencies with me here today: Health and Human Services (HHS), Centers for Medicare & Medicaid Services (CMS), Federal Bureau of Investigation (FBI), Drug Enforcement Administration (DEA).

    And of course, countless other partners across the federal, state, and local law enforcement community and dozens of United States Attorneys’ Offices. Thank you to all who made today possible.

    Despite these historic achievements, we aren’t resting on our laurels. We’re making advancements to stay ahead of criminals and their illicit schemes.

    That is why, today, I am also announcing that we are working with our partners at FBI, HHS-OIG, and other federal agencies to create a Health Care Fraud Data Fusion Center to revolutionize how we detect, investigate, and prosecute health care fraud.  These efforts will be led by the Criminal Division, specifically, the Fraud Section’s Health Care Fraud Unit and comprised of data specialists from the Unit’s Data Analytics Team. The Fusion Center will break down information silos, using coordinated data analysis to enable our investigative teams to quickly identify and dismantle emerging fraud schemes.

    This takedown represents the largest health care fraud takedown in American history.

    But it’s not the end—it’s the beginning of a new era of aggressive prosecution and data-driven prevention.

    Thank you.

    I will now turn it over to Acting Inspector General Juliet T. Hodgkins, Department of Health and Human Services Office of Inspector General.

    MIL Security OSI –

  • MIL-OSI Security: Justice Department Announces Coordinated, Nationwide Actions to Combat North Korean Remote Information Technology Workers’ Illicit Revenue Generation Schemes

    Source: United States Attorneys General

    Law Enforcement Actions Across 16 States Result in Charges, Arrest, and Seizures of 29 Financial Accounts, 21 Fraudulent Websites, and Approximately 200 Computers

    The Justice Department announced today coordinated actions against the Democratic People’s Republic of North Korea (DPRK) government’s schemes to fund its regime through remote information technology (IT) work for U.S. companies. These actions include two indictments, an arrest, searches of 29 known or suspected “laptop farms” across 16 states, and the seizure of 29 financial accounts used to launder illicit funds and 21 fraudulent websites.

    According to court documents, the schemes involve North Korean individuals fraudulently obtaining employment with U.S. companies as remote IT workers, using stolen and fake identities. The North Korean actors were assisted by individuals in the United States, China, United Arab Emirates, and Taiwan, and successfully obtained employment with more than 100 U.S. companies.

    As alleged in court documents, certain U.S.-based individuals enabled one of the schemes by creating front companies and fraudulent websites to promote the bona fides of the remote IT workers, and hosted laptop farms where the remote North Korean IT workers could remote access into U.S. victim company-provided laptop computers. Once employed, the North Korean IT workers received regular salary payments, and they gained access to, and in some cases stole, sensitive employer information such as export controlled U.S. military technology and virtual currency. In another scheme, North Korean IT workers used false or fraudulently obtained identities to gain employment with an Atlanta, Georgia-based blockchain research and development company and stole virtual currency worth approximately over $900,000.

    “These schemes target and steal from U.S. companies and are designed to evade sanctions and fund the North Korean regime’s illicit programs, including its weapons programs,” said Assistant Attorney General John A. Eisenberg of the Department’s National Security Division. “The Justice Department, along with our law enforcement, private sector, and international partners, will persistently pursue and dismantle these cyber-enabled revenue generation networks.”

    “North Korean IT workers defraud American companies and steal the identities of private citizens, all in support of the North Korean regime,” said Assistant Director Brett Leatherman of FBI’s Cyber Division. “That is why the FBI and our partners continue to work together to disrupt infrastructure, seize revenue, indict overseas IT workers, and arrest their enablers in the United States. Let the actions announced today serve as a warning: if you host laptop farms for the benefit of North Korean actors, law enforcement will be waiting for you.”

    “North Korea remains intent on funding its weapons programs by defrauding U.S. companies and exploiting American victims of identity theft, but the FBI is equally intent on disrupting this massive campaign and bringing its perpetrators to justice,” said Assistant Director Roman Rozhavsky of the FBI Counterintelligence Division. “North Korean IT workers posing as U.S. citizens fraudulently obtained employment with American businesses so they could funnel hundreds of millions of dollars to North Korea’s authoritarian regime. The FBI will do everything in our power to defend the homeland and protect Americans from being victimized by the North Korean government, and we ask all U.S. companies that employ remote workers to remain vigilant to this sophisticated threat.”

    Zhenxing Wang, et al. Indictment, Seizure Warrants, and Arrest – District of Massachusetts

    Today, the United States Attorney’s Office for the District of Massachusetts and the National Security Division announced the arrest of U.S. national Zhenxing “Danny” Wang of New Jersey pursuant to a five-count indictment. The indictment describes a multi-year fraud scheme by Wang and his co-conspirators to obtain remote IT work with U.S. companies that generated more than $5 million in revenue. The indictment also charges Chinese nationals Jing Bin Huang (靖斌 黄), Baoyu Zhou (周宝玉), Tong Yuze (佟雨泽), Yongzhe Xu (徐勇哲 andيونجزهي أكسو), Ziyou Yuan (زيو) and Zhenbang Zhou (周震邦), and Taiwanese nationals Mengting Liu (劉 孟婷) and Enchia Liu (刘恩) for their roles in the scheme. 

    “The threat posed by DPRK operatives is both real and immediate. Thousands of North Korean cyber operatives have been trained and deployed by the regime to blend into the global digital workforce and systematically target U.S. companies,” said U.S. Attorney Leah B. Foley for the District of Massachusetts. “We will continue to work relentlessly to protect U.S. businesses and ensure they are not inadvertently fueling the DPRK’s unlawful and dangerous ambitions.”

    According to the indictment, from approximately 2021 until October 2024, the defendants and other co-conspirators compromised the identities of more than 80 U.S. persons to obtain remote jobs at more than 100 U.S. companies, including many Fortune 500 companies, and caused U.S. victim companies to incur legal fees, computer network remediation costs, and other damages and losses of at least $3 million. Overseas IT workers were assisted by Kejia Wang, Zhenxing Wang, and at least four other identified U.S. facilitators. Kejia Wang, for example, communicated with overseas co-conspirators and IT workers, and traveled to Shenyang and Dandong, China, including in 2023, to meet with them about the scheme. To deceive U.S. companies into believing the IT workers were located in the United States, Kejia Wang, Zhenxing Wang, and the other U.S. facilitators received and/or hosted laptops belonging to U.S. companies at their residences, and enabled overseas IT workers to access the laptops remotely by, among other things, connecting the laptops to hardware devices designed to allow for remote access (referred to as keyboard-video-mouse or “KVM” switches).

    Kejia Wang and Zhenxing Wang also created shell companies with corresponding websites and financial accounts, including Hopana Tech LLC, Tony WKJ LLC, and Independent Lab LLC, to make it appear as though the overseas IT workers were affiliated with legitimate U.S. businesses. Kejia Wang and Zhenxing Wang established these and other financial accounts to receive money from victimized U.S. companies, much of which was subsequently transferred to overseas co‑conspirators. In exchange for their services, Kejia Wang, Zhenxing Wang, and the four other U.S. facilitators received a total of at least $696,000 from the IT workers.

    IT workers employed under this scheme also gained access to sensitive employer data and source code, including International Traffic in Arms Regulations (ITAR) data from a California-based defense contractor that develops artificial intelligence-powered equipment and technologies. Specifically, between on or about Jan. 19, 2024, and on or about April 2, 2024, an overseas co-conspirator remotely accessed without authorization the company’s laptop and computer files  containing technical data and other information. The stolen data included information marked as being controlled under the ITAR.

    Simultaneously with today’s announcement, the FBI and Defense Criminal Investigative Service (DCIS) seized 17 web domains used in furtherance of the charged scheme and further seized 29 financial accounts, holding tens of thousands of dollars in funds, used to launder revenue for the North Korean regime through the remote IT work scheme.

    Previously, in October 2024, as part of this investigation, federal law enforcement executed searches at eight locations across three states that resulted in the recovery of more than 70 laptops and remote access devices, such as KVMs. Simultaneously with that action, the FBI seized four web domains associated with Kejia Wang’s and Zhenxing Wang’s shell companies used to facilitate North Korean IT work.

    The FBI Las Vegas Field Office, DCIS San Diego Resident Agency, and Homeland Security Investigations San Diego Field Office are investigating the case.

    Assistant U.S. Attorney Jason Casey for the District of Massachusetts and Trial Attorney Gregory J. Nicosia, Jr. of the National Security Division’s National Security Cyber Section are prosecuting the case, with significant assistance from Legal Assistants Daniel Boucher and Margaret Coppes. Valuable assistance was also provided by Mark A. Murphy of the National Security Division’s Counterintelligence and Export Control Section and the U.S. Attorneys’ Offices for the District of New Jersey, Eastern District of New York, and Southern District of California.

    Kim Kwang Jin et al. Indictment – Northern District of Georgia

    Today, the Northern District of Georgia unsealed a five-count wire fraud and money laundering indictment charging four North Korean nationals, Kim Kwang Jin (김관진), Kang Tae Bok (강태복), Jong Pong Ju (정봉주) and Chang Nam Il (창남일), with a scheme to steal virtual currency from two companies, valued at over $900,000 at the time of the thefts, and to launder proceeds of those thefts. The defendants remain at large and wanted by the FBI.

    “The defendants used fake and stolen personal identities to conceal their North Korean nationality, pose as remote IT workers, and exploit their victims’ trust to steal hundreds of thousands of dollars,” said U.S. Attorney Theodore S. Hertzberg for the Northern District of Georgia. “This indictment highlights the unique threat North Korea poses to companies that hire remote IT workers and underscores our resolve to prosecute any actor, in the United States or abroad, who steals from Georgia businesses.”

    According to the indictment, the defendants traveled to the United Arab Emirates on North Korean travel documents and worked as a co-located team. In approximately December 2020 and May 2021, respectively, Kim Kwang Jin (using victim P.S.’s stolen identity) and Jong Pong Ju (using the alias “Bryan Cho”) were hired by a blockchain research and development company headquartered in Atlanta, Georgia, and a virtual token company based in Serbia. Both defendants concealed their North Korean identities from their employers by providing false identification documents containing a mix of stolen and fraudulent identity information. Neither company would have hired Kim Kwang Jin and Jong Pong Ju had they known that they were North Korean citizens. Later, on a recommendation from Jong Pong Ju, the Serbian company hired “Peter Xiao,” who in fact was Chang Nam Il.

    After gaining their employers’ trust, Kim Kwang Jin and Jong Pong Ju were assigned projects that provided them access to their employers’ virtual currency assets. In February 2022, Jong Pong Ju used that access to steal virtual currency worth approximately $175,000 at the time of the theft, sending it to a virtual currency address he controlled. In March 2022, Kim Kwang Jin stole virtual currency worth approximately $740,000 at the time of theft by modifying the source code of two of his employer’s smart contracts, then sending it to a virtual currency address he controlled.

    To launder the funds after the thefts, Kim Kwang Jin and Jong Pong Ju “mixed” the stolen funds using the virtual currency mixer Tornado Cash and then transferred the funds to virtual currency exchange accounts controlled by defendants Kang Tae Bok and Chang Nam Il but held in the name of aliases. These accounts were opened using fraudulent Malaysian identification documents.

    The FBI Atlanta Field Office is investigating the case.

    Assistant U.S. Attorneys Samir Kaushal and Alex Sistla for the Northern District of Georgia and Trial Attorney Jacques Singer-Emery of the National Security Division’s National Security Cyber Section are prosecuting the case.

    21 Searches of Known or Suspected U.S.-based Laptop Farms – Multi-District

    Between June 10 and June 17, 2025, the FBI executed searches of 21 premises across 14 states hosting known and suspected laptop farms. These actions, coordinated by the FBI Denver Field Office, related to investigations of North Korean remote IT worker schemes being conducted by the U.S. Attorneys’ Offices of the District of Colorado, Eastern District of Missouri, and Northern District of Texas. In total, the FBI seized approximately 137 laptops.

    Valuable assistance was provided by the U.S. Attorney’s Offices for the District of Connecticut, the Eastern District of Michigan, the Eastern District of Wisconsin, the Middle District of Florida, the Northern District of Georgia, the Northern District of Illinois, the Northern District of Indiana, the District of Oregon, the Southern District of Florida, the Southern District of Ohio, the Western District of New York, and the Western District of Pennsylvania.

    ***

    The Department’s actions to combat these schemes are the latest in a series of law enforcement actions under a joint National Security Division and FBI Cyber and Counterintelligence Divisions effort, the DPRK RevGen: Domestic Enabler Initiative. This effort prioritizes targeting and disrupting the DPRK’s illicit revenue generation schemes and its U.S.-based enablers. The Department previously announced other actions pursuant to the initiative, including in January 2025 and prior, as well as the filing of a civil forfeiture complaint in early June 2025 for over $7.74 million tied to an illegal employment scheme.

    As the FBI has described in Public Service Announcements published in May 2024 and January 2025, North Korean remote IT workers posing as legitimate remote IT workers have committed data extortion and exfiltrated the proprietary and sensitive data from U.S. companies. DPRK IT worker schemes typically involve the use of stolen identities, alias emails, social media, online cross-border payment platforms, and online job site accounts, as well as false websites, proxy computers, and witting and unwitting third parties located in the U.S. and elsewhere.

    Other public advisories about the threats, red flag indicators, and potential mitigation measures for these schemes include a May 2022 advisory released by the FBI, Department of the Treasury, and Department of State; a July 2023 advisory from the Office of the Director of National Intelligence; and guidance issued in October 2023 by the United States and the Republic of Korea (South Korea). As described the May 2022 advisory, North Korean IT workers have been known individually to earn up to $300,000 annually, generating hundreds of millions of dollars collectively each year, on behalf of designated entities, such as the North Korean Ministry of Defense and others directly involved in the DPRK’s weapons programs.

    The U.S. Department of State has offered potential rewards for up to $5 million in support of international efforts to disrupt the DPRK’s illicit financial activities, including for cybercrimes, money laundering, and sanctions evasion.

    The details in the above-described court documents are merely allegations. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: Durable Medical Equipment Owner Sentenced to 12 Years for $61 Million Medicare Fraud Scheme

    Source: United States Attorneys General

    A Florida man was sentenced today to 12 years in prison and three years of supervised release for conspiring to defraud Medicare with false reimbursement claims for durable medical equipment (DME). He was also ordered to pay $21,195,540.18 in restitution and forfeiture in the amount of $2,514,040.

    According to court documents, Peter Roussonicolos, 64, of Port Saint Lucie, Florida, owned and operated five DME suppliers as a silent partner. Roussonicolos hid his involvement in the companies from Medicare because he had one or more felony convictions, making him ineligible to enroll with the government program. To further conceal his involvement, he recruited and paid co-conspirators to serve as nominee owners of the DME suppliers and caused others to falsify Medicare enrollment forms, bank records, and other documents to conceal the true ownership and control of the DME suppliers. He also knew that a co-conspirator paid kickbacks and bribes to patient recruiters in exchange for beneficiary referrals. As part of the scheme, the DME companies submitted approximately $61.5 million in false and fraudulent claims to Medicare for medically unnecessary DME that was ineligible for reimbursement and were paid approximately $26.7 million of these claims.

    “Through lies and deceit, the defendant and his co-conspirators orchestrated a $61 million fraud on Medicare,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The defendant’s fraud drained critical government resources that could have been used to help vulnerable Americans. Today’s sentencing demonstrates the Department’s steadfast commitment to protecting taxpayer dollars and ensuring accountability for those who seek to defraud our health care programs.”

    “Today’s sentence underscores HHS-OIG’s firm commitment to thoroughly investigating individuals who engage in illegal kickback schemes to prescribe medically unnecessary durable medical equipment for their own personal financial gain,” said Deputy Inspector General for Investigations Christian J. Schrank with the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “We remain steadfast in our mission to protect the integrity of Medicare and other federal healthcare programs as well as the people served by those programs.”

    “This defendant and his co-conspirators orchestrated an elaborate scheme to steal millions from Medicare through kickbacks and sham billing,” said Assistant Director Jose A. Perez of the FBI Criminal Investigative Division. “Today’s sentencing demonstrates that those who exploit our healthcare system for personal gain will be held accountable. The FBI is committed to working with our partners to protect taxpayer dollars and ensure the integrity of healthcare programs.”

    In November 2024, Roussonicolos pleaded guilty to conspiracy to commit health care fraud and wire fraud.

    The FBI and HHS-OIG investigated the case.

    Trial Attorney Jennifer Burns and Assistant Chiefs Jamie de Boer and Emily Gurskis of the Criminal Division’s Fraud Section prosecuted the case. Trial Attorneys Joanna Bowman and Lindita Ciko Torza of the Special Matters Unit assisted in the prosecution.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of 9 strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with the Office of the Inspector General for the Department of Health and Human Services, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www. justice. gov/criminal-fraud/health-care-fraud-unit.

    MIL Security OSI –

  • MIL-OSI Banking: RBI appoints Shri Kesavan Ramachandran as new Executive Director

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has appointed Shri Kesavan Ramachandran as Executive Director (ED) with effect from July 01, 2025.

    Prior to being promoted as ED, Shri Kesavan Ramachandran was serving as Principal Chief General Manager in Risk Monitoring Department.

    Shri Kesavan Ramachandran has experience of over three decades in areas relating to currency management, Banking and Non-Banking supervision, training and administration. He also served as Principal of the Reserve Bank Staff College during his career. He served as, RBI’s nominee on the Board of Canara Bank for over five years and on the Auditing and Assurance Standards Board of ICAI for two years.

    As Executive Director, Shri Kesavan Ramachandran will look after Department of Regulation (Prudential Regulation Division).

    Shri Kesavan Ramachandran is a post-graduate with an MBA in Banking and Finance and holds a diploma in International Financial Reporting from ACCA, UK. He is also a Certified Associate of the IIBF.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/639

    MIL OSI Global Banks –

  • MIL-OSI: Installment Loans for Bad Credit Announced as Key Feature in Honest Loans in 2025

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, July 01, 2025 (GLOBE NEWSWIRE) — Access guaranteed installment loans for bad credit through Honest Loans—no credit check, flexible terms, and fast approvals from direct lenders in 2025. Get the emergency funds you need, securely and stress-free.

    Honest Loans has introduced a groundbreaking solution for individuals facing financial stress by launching guaranteed installment loans for bad credit—a core offering in 2025. This initiative aims to connect borrowers with direct lenders who offer flexible, fast, and secure installment loans, even for those with poor or limited credit histories.

    Meeting the Rising Demand for Guaranteed Installment Loans in 2025

    As more Americans face unexpected financial burdens—including inflation, medical expenses, and urgent bills—the need for accessible and fast financial solutions has grown significantly. In response, installment loans for bad credit have emerged as a preferred option, offering structured repayment terms and no hard credit checks.

    Unlike traditional payday loans, installment loans provide longer repayment periods, fixed interest rates, and manageable payments, making them more sustainable for borrowers. Honest Loans answers this demand by streamlining access to licensed direct lenders offering these loans with guaranteed approval.

    Why Borrowers Are Choosing Honest Loans in 2025

    Honest Loans’ installment loan platform stands out by offering a seamless and transparent digital experience. Borrowers gain access to a broad network of trusted lenders who specialize in bad credit financing, all without needing to step into a storefront or complete burdensome paperwork.

    Key Benefits of Honest Loans’ Installment Loans for Bad Credit:

    • Guaranteed Approval: Even applicants with poor credit are matched with lenders offering high approval rates.
    • No Hard Credit Check: Applications avoid traditional credit pulls that can negatively impact credit scores.
    • Flexible Repayment Terms: Borrowers choose from various loan sizes and durations based on their needs.
    • Same-Day Processing: In many cases, funds are deposited as soon as the same business day.
    • Licensed Direct Lenders Only: All partners are verified, ensuring a safe and compliant borrowing experience.

    >> SECURE YOUR INSTALLMENT LOAN TODAY << 

    How It Works: Quick, Secure, and Transparent

    Honest Loans simplifies the process of getting installment loans by leveraging technology to reduce friction and boost approval speed. Here’s how it works:

    1. Online Application: Applicants complete a secure digital form with basic personal and income details.
    2. Instant Matching: Honest Loans uses advanced algorithms to pair users with suitable direct lenders instantly.
    3. Loan Check & Offer: Borrowers review terms like interest rates, repayment schedules, and loan amounts before committing.
    4. Electronic Transfer: Once accepted, funds are usually deposited directly into the borrower’s bank account within hours.

    >> CHECK OUT INSTALLMENT LOAN OPTIONS FOR BAD CREDIT <<

    2025: The Shift Toward Digital Installment Lending

    The landscape of short-term lending is evolving. Traditional payday loans—often criticized for high fees and short repayment windows—are being replaced by installment options that are more borrower-friendly. Honest Loans is at the forefront of this shift, offering a mobile-first, paperless experience.

    Borrowers can enjoy faster processing, often receiving decisions within minutes. They benefit from transparent loan terms—APR, repayment schedules, and fees are clearly disclosed upfront. With access to a large network of lenders, applicants can compare multiple offers to find the one that fits their situation. And most importantly, the entire process is available online—no need for in-person visits.

    Technology & Privacy First

    Honest Loans uses secure servers and end-to-end encryption to protect personal and financial data. All partners operate under strict compliance guidelines, ensuring secure sharing and responsible lending practices.

    Eligibility Requirements

    To qualify for an installment loan with Honest Loans, applicants must meet the following criteria:

    • Be at least 18 years old
    • Have a valid checking or savings account
    • Provide proof of income
    • Be a U.S. resident

    These minimal requirements help expand access to those traditionally underserved by the financial system.

    Final Thoughts

    Honest Loans is reshaping emergency lending in 2025 by making installment loans for bad credit accessible, transparent, and safe. Whether you’re facing an urgent expense or simply want a smarter borrowing option, Honest Loans offers a proven digital path to relief.

    With a strong lender network, guaranteed approval, and fast online processing, borrowers can rely on Honest Loans to deliver emergency cash with long-term repayment options—all without the stress of credit denials or surprise fees.

    FAQs About Installment Loans for Bad Credit

    What is the easiest type of loan to get approved for with bad credit?
    The easiest loans to get approved for are installment loans or no credit check personal loans from direct lenders. These loans typically feature quick application processes and high approval rates, especially when accessed through platforms like Honest Loans.

    How can I borrow $500 immediately with bad credit?
    To access $500 fast, consider applying for a guaranteed installment loan through Honest Loans. With no hard credit check and same-day approvals, funds may be deposited into your account within hours—making it a reliable option for urgent needs.

    Is it possible to get $1000 today without good credit?
    Yes. Honest Loans connects borrowers to a wide network of licensed lenders offering bad credit installment loans. If eligible, you can receive up to $1000 or more via electronic transfer, often on the same business day.

    What is a hardship loan and who qualifies?
    A hardship loan is designed for individuals facing financial strain from unexpected events like job loss, medical bills, or emergencies. These loans often offer more flexible repayment terms. Honest Loans can help match you with lenders offering installment loans that fit your situation, even with bad credit.

    Contact Information

    Company: Honest Loans
    Email: support@onlineloannetwork.com
    Phone: 888-718-9134
    Address: Springates Building, Lower Government Road, Charlestown, Saint Kitts and Nevis

    Disclaimer and Affiliate Disclosure

    This content is intended for informational and commercial purposes only and should not be construed as financial, legal, or professional advice. It does not constitute an endorsement of any specific loan provider.

    While every effort has been made to ensure the accuracy and relevance of the information presented, no guarantees are made regarding its completeness, accuracy, or timeliness. Readers are advised to conduct independent research and consult qualified professionals—such as licensed financial advisors or legal experts—prior to making any financial decisions.

    Please note the following:

    • Loan products and services mentioned may not be suitable for everyone.
    • Terms, conditions, and eligibility criteria vary by lender and location.
    • Approval is not guaranteed and may depend on various factors, including income, creditworthiness, residency status, identity verification, and compliance with applicable laws.

    This article may contain affiliate links. If you press on a link and apply for or purchase a product or service, the publisher and its partners may earn a commission at no additional cost to you. This compensation does not affect the content’s objectivity or the impartiality of any recommendations. All opinions are general in nature and do not reflect the views of any specific lender unless clearly stated.

    By engaging with this content, you acknowledge that the publisher, its authors, affiliates, and third-party partners are not liable for any errors, omissions, outdated information, or financial outcomes resulting from use of the material. This includes—but is not limited to—loan denials, disputes, or issues arising from contractual agreements with lenders.

    References to companies such as “Honest Loans” are for informational comparison only and do not imply any formal endorsement, partnership, or legal relationship. For questions about specific loan offerings, please contact the respective lender directly using official contact details.

    All trademarks, service marks, and brand names mentioned remain the property of their respective owners.

    Attachment

    The MIL Network –

  • MIL-OSI: Installment Loans for Bad Credit Announced as Key Feature in Honest Loans in 2025

    Source: GlobeNewswire (MIL-OSI)

    Houston, TX, July 01, 2025 (GLOBE NEWSWIRE) — Access guaranteed installment loans for bad credit through Honest Loans—no credit check, flexible terms, and fast approvals from direct lenders in 2025. Get the emergency funds you need, securely and stress-free.

    Honest Loans has introduced a groundbreaking solution for individuals facing financial stress by launching guaranteed installment loans for bad credit—a core offering in 2025. This initiative aims to connect borrowers with direct lenders who offer flexible, fast, and secure installment loans, even for those with poor or limited credit histories.

    Meeting the Rising Demand for Guaranteed Installment Loans in 2025

    As more Americans face unexpected financial burdens—including inflation, medical expenses, and urgent bills—the need for accessible and fast financial solutions has grown significantly. In response, installment loans for bad credit have emerged as a preferred option, offering structured repayment terms and no hard credit checks.

    Unlike traditional payday loans, installment loans provide longer repayment periods, fixed interest rates, and manageable payments, making them more sustainable for borrowers. Honest Loans answers this demand by streamlining access to licensed direct lenders offering these loans with guaranteed approval.

    Why Borrowers Are Choosing Honest Loans in 2025

    Honest Loans’ installment loan platform stands out by offering a seamless and transparent digital experience. Borrowers gain access to a broad network of trusted lenders who specialize in bad credit financing, all without needing to step into a storefront or complete burdensome paperwork.

    Key Benefits of Honest Loans’ Installment Loans for Bad Credit:

    • Guaranteed Approval: Even applicants with poor credit are matched with lenders offering high approval rates.
    • No Hard Credit Check: Applications avoid traditional credit pulls that can negatively impact credit scores.
    • Flexible Repayment Terms: Borrowers choose from various loan sizes and durations based on their needs.
    • Same-Day Processing: In many cases, funds are deposited as soon as the same business day.
    • Licensed Direct Lenders Only: All partners are verified, ensuring a safe and compliant borrowing experience.

    >> SECURE YOUR INSTALLMENT LOAN TODAY << 

    How It Works: Quick, Secure, and Transparent

    Honest Loans simplifies the process of getting installment loans by leveraging technology to reduce friction and boost approval speed. Here’s how it works:

    1. Online Application: Applicants complete a secure digital form with basic personal and income details.
    2. Instant Matching: Honest Loans uses advanced algorithms to pair users with suitable direct lenders instantly.
    3. Loan Check & Offer: Borrowers review terms like interest rates, repayment schedules, and loan amounts before committing.
    4. Electronic Transfer: Once accepted, funds are usually deposited directly into the borrower’s bank account within hours.

    >> CHECK OUT INSTALLMENT LOAN OPTIONS FOR BAD CREDIT <<

    2025: The Shift Toward Digital Installment Lending

    The landscape of short-term lending is evolving. Traditional payday loans—often criticized for high fees and short repayment windows—are being replaced by installment options that are more borrower-friendly. Honest Loans is at the forefront of this shift, offering a mobile-first, paperless experience.

    Borrowers can enjoy faster processing, often receiving decisions within minutes. They benefit from transparent loan terms—APR, repayment schedules, and fees are clearly disclosed upfront. With access to a large network of lenders, applicants can compare multiple offers to find the one that fits their situation. And most importantly, the entire process is available online—no need for in-person visits.

    Technology & Privacy First

    Honest Loans uses secure servers and end-to-end encryption to protect personal and financial data. All partners operate under strict compliance guidelines, ensuring secure sharing and responsible lending practices.

    Eligibility Requirements

    To qualify for an installment loan with Honest Loans, applicants must meet the following criteria:

    • Be at least 18 years old
    • Have a valid checking or savings account
    • Provide proof of income
    • Be a U.S. resident

    These minimal requirements help expand access to those traditionally underserved by the financial system.

    Final Thoughts

    Honest Loans is reshaping emergency lending in 2025 by making installment loans for bad credit accessible, transparent, and safe. Whether you’re facing an urgent expense or simply want a smarter borrowing option, Honest Loans offers a proven digital path to relief.

    With a strong lender network, guaranteed approval, and fast online processing, borrowers can rely on Honest Loans to deliver emergency cash with long-term repayment options—all without the stress of credit denials or surprise fees.

    FAQs About Installment Loans for Bad Credit

    What is the easiest type of loan to get approved for with bad credit?
    The easiest loans to get approved for are installment loans or no credit check personal loans from direct lenders. These loans typically feature quick application processes and high approval rates, especially when accessed through platforms like Honest Loans.

    How can I borrow $500 immediately with bad credit?
    To access $500 fast, consider applying for a guaranteed installment loan through Honest Loans. With no hard credit check and same-day approvals, funds may be deposited into your account within hours—making it a reliable option for urgent needs.

    Is it possible to get $1000 today without good credit?
    Yes. Honest Loans connects borrowers to a wide network of licensed lenders offering bad credit installment loans. If eligible, you can receive up to $1000 or more via electronic transfer, often on the same business day.

    What is a hardship loan and who qualifies?
    A hardship loan is designed for individuals facing financial strain from unexpected events like job loss, medical bills, or emergencies. These loans often offer more flexible repayment terms. Honest Loans can help match you with lenders offering installment loans that fit your situation, even with bad credit.

    Contact Information

    Company: Honest Loans
    Email: support@onlineloannetwork.com
    Phone: 888-718-9134
    Address: Springates Building, Lower Government Road, Charlestown, Saint Kitts and Nevis

    Disclaimer and Affiliate Disclosure

    This content is intended for informational and commercial purposes only and should not be construed as financial, legal, or professional advice. It does not constitute an endorsement of any specific loan provider.

    While every effort has been made to ensure the accuracy and relevance of the information presented, no guarantees are made regarding its completeness, accuracy, or timeliness. Readers are advised to conduct independent research and consult qualified professionals—such as licensed financial advisors or legal experts—prior to making any financial decisions.

    Please note the following:

    • Loan products and services mentioned may not be suitable for everyone.
    • Terms, conditions, and eligibility criteria vary by lender and location.
    • Approval is not guaranteed and may depend on various factors, including income, creditworthiness, residency status, identity verification, and compliance with applicable laws.

    This article may contain affiliate links. If you press on a link and apply for or purchase a product or service, the publisher and its partners may earn a commission at no additional cost to you. This compensation does not affect the content’s objectivity or the impartiality of any recommendations. All opinions are general in nature and do not reflect the views of any specific lender unless clearly stated.

    By engaging with this content, you acknowledge that the publisher, its authors, affiliates, and third-party partners are not liable for any errors, omissions, outdated information, or financial outcomes resulting from use of the material. This includes—but is not limited to—loan denials, disputes, or issues arising from contractual agreements with lenders.

    References to companies such as “Honest Loans” are for informational comparison only and do not imply any formal endorsement, partnership, or legal relationship. For questions about specific loan offerings, please contact the respective lender directly using official contact details.

    All trademarks, service marks, and brand names mentioned remain the property of their respective owners.

    Attachment

    The MIL Network –

  • MIL-OSI: Combined General Meeting of July 22, 2025 Conditions for Obtaining the Preparatory Documents

    Source: GlobeNewswire (MIL-OSI)

    COMBINED GENERAL MEETING
    OF JULY 22, 2025

    CONDITIONS FOR OBTAINING THE PREPARATORY DOCUMENTS

    Bernin (Grenoble), France, on July 1, 2025 – Soitec (Euronext Paris) reminds that the Company’s shareholders are invited to attend the Annual General Meeting to be held on Tuesday July 22, 2025 at 9:30 a.m. (Paris time), in the Auditorium of the VERSO conference Center located at 52 rue de la Victoire, 75009 Paris, France.

    The preliminary meeting notice serving as convening notice as provided for in Article R. 225-73 of the French Commercial Code, including the agenda and the draft resolutions to be submitted to the shareholders’ vote during this Annual General Meeting as well as the information on how to attend and vote at the Annual General Meeting, has been published in the French legal gazette (Bulletin des Annonces Légales Obligatoires (BALO)) of June 13, 2025, bulletin No 71.

    The convening notice for this Annual General Meeting will be published in the French legal gazette “Les Affiches de Grenoble et du Dauphiné” on July 4, 2025.

    All the documents related to this Annual General Meeting are available on the Company’s website (www.soitec.com), in the section Investors/Shareholders & Analysts/Shareholders’ General Meetings/ 2025 Annual General Meeting, in accordance with laws and regulations in force.

    In accordance with article R. 225-88 of the French Commercial Code, shareholders may also obtain the documents provided for in articles R. 225-81 and R. 225-83 of the French Commercial Code, on written request made no later than five days before the date of the General Meeting, i.e. no later than Thursday July 17, 2025. This request shall be sent to the Company’s registered office by post, to the attention of the General Secretary, “AG 22 juillet 2025” Parc Technologique des Fontaines – Chemin des Franques – 38190 Bernin – France, or by e-mail to the following address: shareholders-gm@soitec.com. Requests from bearer shareholders must be accompanied by a shareholding certificate delivered by their financial intermediary mentioned in Article L. 211-3 of the French Monetary and Financial Code.
        
    Shareholders are invited to consult regularly the section dedicated to the 2025 Annual General Meeting on the Company’s website.

    This General Meeting will be broadcast live on Soitec’s website and will also be available for replay.

    # # #

     

    Agenda

    First-quarter 2025-2026 revenue: July 22, 2025, after market close.

    # # #

    About Soitec

    Soitec (Euronext – Tech 40 Paris), a world leader in innovative semiconductor materials, has for more than 30 years developed cutting-edge products that combine technological performance and energy efficiency. From its global headquarters in France, Soitec is expanding internationally with its unique solutions. The company occupies a key position in the semiconductor value chain, serving three strategic markets: mobile communications, automotive and industry, and smart devices. Soitec draws on the talent and diversity of its 2,300 employees, of 50 different nationalities, across its sites in Europe, the United States and Asia. More than 4,100 patents have been registered by Soitec.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: https://www.soitec.com/en/

    # # #

                             

    Investor Relations: Media contacts:

    Attachment

    The MIL Network –

  • MIL-OSI: eXp Realty selects Cloze’s AI-powered real estate platform for CRM of Choice program

    Source: GlobeNewswire (MIL-OSI)

    WELLESLEY, Mass., July 01, 2025 (GLOBE NEWSWIRE) — Cloze, the AI-powered real estate platform for sphere selling, today announced its inclusion in eXp Realty’s new CRM of Choice program. Beginning today, eXp Realty agents across the U.S., Canada, and Puerto Rico will be able to select Cloze as their preferred CRM — at no additional cost — as part of their monthly tech package.

    According to the National Association of Realtors (NAR), the typical REALTOR® earned 41% of their business through referrals and repeat clients, with high-performing agents often seeing a much higher percentage. Yet, 88% of the people an agent interacts with never make it into their CRM. Cloze is the only CRM that tracks calls and texts automatically from an agent’s own phone number, enabling the platform to capture an agent’s entire sphere, not just the 12% that are entered into a traditional CRM. With every communication captured in one place, Cloze’s AI keeps contact info fresh and surfaces relationships—so that agents can capitalize on their entire sphere of influence.

    Designed for agents and teams whose growth is powered by real relationships, Cloze offers agents and team leaders tools that deepen client connections, maximize productivity, and drive repeat and referral business. Cloze uses AI to surface the right outreach and follow-ups—so agents get more from their sphere with less effort—thanks to deep integrations with Canva, SkySlope, eXp Access, and more.

    “CRM of Choice represents a new chapter in how we support our agents’ growth at eXp,” said Kendall Bonner, Vice President, Industry Relations and Strategic Partnerships, eXp Realty. “Cloze’s use of AI to personalize automation and recommendations for relationship-driven selling gives agents a smarter way to turn everyday connections into lasting business.”

    A platform designed around how agents work

    At the heart of Cloze is the Cloze Intelligence Engine, which uses AI to automatically build and maintain each agent’s database by capturing real-world activity — emails, calls, texts, and meetings — without requiring manual data entry. The built-in personal assistant then nudges agents to follow up, surfaces action items from conversations, and helps prioritize the relationships that are most likely to drive future deals.

    Cloze is uniquely designed to help agents make the most of their sphere of influence:

    • Stay organized, automatically—Cloze automatically logs calls, texts, emails, and meetings, pulling in full history, even from the past, to discover warm opportunities
    • Focus on what drives Gross Commission Income (GCI)—Cloze AI reminds agents to reconnect and follow-up, surfacing key action items, deadlines, and milestones, including reaching out to past contacts, so agents hit their goals
    • Simplify and scale personal outreach—With one platform for both personal and automated outreach, agents can seamlessly move between 1:1 messages, automated marketing, and mail-merged mass outreach without switching tools
    • Stay productive while on the go—Cloze’s best-in-class mobile experience through both iOS and Android apps offer full functionality so that agents can run every part of their business from anywhere

    Easy, polished marketing—powered by AI and Canva

    Cloze’s Canva integration provides a one-click experience to create polished, eXp-branded materials — flyers, postcards, videos, social posts, and more — pre-filled with listing details. Agents can customize and send materials directly from within Cloze, ensuring brand consistency without the design hassle.

    In addition, Cloze’s real estate-savvy generative AI can ghostwrite listing descriptions, newsletters, agent bios, one-off emails, and multi-step campaigns — all from a single platform.

    Agents and teams who sell to clients that speak different languages can use Cloze’s multi-lingual marketing, which can automatically detect the language of every client to ensure everyone receives marketing materials in their language of choice, automatically.

    Embedded into the eXp ecosystem

    In addition to Canva, Cloze connects with other tools agents already use, such as eXp-supported systems like SkySlope, Dotloop, Slack, DialSafe, and eXp Access, as well as over 100 additional applications, so that agents can be more productive, all while seamlessly capturing all interactions in one place without manual entry.

    Built to support every agent—solo or on a team

    Cloze is designed to adapt to how agents actually work—whether they’re growing a solo business or working as part of a team. Shared communication history, lead routing, and visibility keep teams coordinated and on track, while personal contacts and conversations stay private by default. Agents get the structure they need without giving up control, and team leaders gain the visibility they need to support performance and accountability.

    “Cloze was built from the ground up to support sphere-based selling — and it’s why agents who use Cloze consistently outperform,” said Dan Foody, CEO and Co-Founder of Cloze. “Our new relationship with eXp Realty will bring these capabilities to even more agents across North America.”

    About Cloze

    Cloze is an AI-powered sales and marketing platform that helps real estate brokerages, agents, and teams strengthen relationships, automate outreach, and manage lead routing. Real estate leaders like Windermere, Baird & Warner, Brown Harris Stevens, and Sotheby’s International Realty use Cloze’s open platform to create a sales and marketing hub that future-proofs their tech stack. By integrating deeply with existing tools, Cloze makes it easy to add, change, or update those tools whenever needed. For more information on Cloze, visit cloze.com.

    Media Relations Contact:
    Cloze, Inc.
    Alex Coté
    press@cloze.com

    About eXp World Holdings, Inc.

    eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) is the holding company for eXp Realty® and SUCCESS® Enterprises. eXp Realty is the largest independent real estate brokerage in the world, with nearly 81,000 agents across 27 countries. As a cloud-based, agent-centric brokerage, eXp Realty provides real estate agents industry-leading commission splits, revenue share, equity ownership opportunities, and a global network that empowers agents to build thriving businesses. For more information about eXp World Holdings, Inc., visit: expworldholdings.com.

    SUCCESS® Enterprises, anchored by SUCCESS® magazine, has been a trusted name in personal and professional development since 1897. As part of the eXp ecosystem, it offers agents access to valuable resources to enhance their skills, grow their businesses, and achieve long-term success. For more information about SUCCESS, visit success.com.

    Media Relations Contact:
    eXp World Holdings, Inc.
    mediarelations@expworldholdings.com

    Investor Relations
    Denise Garcia
    investors@expworldholdings.com

    The MIL Network –

  • MIL-OSI: PROACTIS SA – PR ( update on BoD members) 01.07.2025

    Source: GlobeNewswire (MIL-OSI)

    Press release

    Evolution of PROACTIS SA Governance

    PARIS, France – (1st July 2025) — Under the terms of the Board of Directors of the company PROACTIS SA (ISIN code : FR0004052561) held on the 25th of June, Mr Andrew REARDON has been appointed as Director in replacement of Mr Monsieur Adrian MCSHANE-CHAPMAN, resigning.
    Shareholders will be asked to approve this appointment at the next Annual General Meeting called to approve the financial statements.

    Andrew Reardon joined the group Proactis in January 2025 as Group Chief Operating Officer. He has considerable experience in the fields of operational leadership, complex transformational change management, large scale project management and revenue growth programs whose leadership skills and management aptitude have been repeatedly tested under the most demanding circumstances.

    As a result of these changes, the Board of Directors of PROACTIS SA is now composed as follows:

    Member Functions Mandate expiry date
    Stephen LINE Chairman of the Board of Directors
    Chief Executive Officer    		 Annual General Meeting to approve the financial statements for the year ending January 31, 2028
    Lucy FOX Director Annual General Meeting to approve the financial statements for the year ending January 31, 2028
    Bonnie MITCHELL Director Annual General Meeting to approve the financial statements for the year ending January 31, 2030
    Andrew REARDON Director Annual General Meeting to approve the financial statements for the year ending January 31, 2028

    Contacts
    Tel: +33 (0)1 53 25 55 00
    E-mail: investorContact@proactis.com

    * * * *

    Attachment

    The MIL Network –

  • MIL-OSI Economics: ICC Principles for Sustainable Trade and Trade Finance

    Source: International Chamber of Commerce

    Headline: ICC Principles for Sustainable Trade and Trade Finance

    Trade underpins economic growth, connects markets and supports development. But if global trade is to continue delivering these benefits in the long term, and ensure resilient global economies and a healthy planet, it must also support sustainability.  

    Yet, assessing sustainability within international trade and trade finance remains a major challenge. Trade transactions – which connect numerous parties across the globe – remain highly fragmented and complex in nature. This is further compounded by a lack of consistent, standardised definitions across countries for assessing the sustainability of transactions. Without clarity, efforts to promote sustainable trade risks being undermined. Crucially, it also makes it more difficult to align global trade with the goals of the Paris Agreement and mobilise the finance needed to deliver them.  

    The growing interest in environmental, social and corporate governance (ESG) provides a beacon of hope for change. Yet, interest alone isn’t enough – clear, consistent definitions on sustainable international trade and trade finance are needed to turn ambition into action.  

    With this in mind, the ICC, together with input and endorsement from major trade banks, have developed the Principles for Sustainable Trade and Trade Finance, providing the clarity and common ground needed to help global trade play its part in delivering on sustainability goals and in meeting the Paris Agreement’s 1.5°C target.  

    The Sustainable Trade Finance Principles sit under the broader Trade, which provide a frame to assess both the environmental sustainability of a transaction, and how it supports socio-economically sustainable development. 

    The first sustainability framework for the trade finance market

    The ICC Principles for Sustainable Trade 

    The Sustainable Trade Principles, currently in its third iteration (Wave 3), aim to define standards for sustainable trade to accelerate the shift to a more sustainable economy. It provides a framework to assess sustainability of trade across four key components – the ‘use of proceeds’, ‘seller’, ‘buyer’, and ‘distribution’ – against two critical dimensions, namely environmental and socio-economically sustainable development.  

    The ICC Principles for Sustainable Trade include:  

    • High-level principles for banks to utilise and base their internal methodologies on  
    • Guidance on methodology for how the principles can best be utilised in a common framework, with practical advice on assessments across different components  
    • A framework providing nuanced sustainability assessments based on sector-specific evidence  
    • A Sustainable Credential Library to consolidate recognised standards, conventions, and ESG scorers  
    • Clear guidance on acceptable forms of evidence, to ensure the framework is more accessible and less burdensome, including for SMEs  
    • The integration of any regional taxonomies, where appropriate, allowing for greater applicability across diverse markets  
    • The Principles for Sustainable Trade Finance (PSTF), which enhance the Use of Proceeds assessment of the Principles for Sustainable for Trade by setting thresholds and assessments within trade finance to ensure alignment with established frameworks whilst enabling more flexibility in evidencing sustainability  

    The Sustainable Trade Finance Principles 

    Together with industry leaders, ICC further developed the Sustainable Trade Finance Principles, currently in its second iteration (Wave 2). The Principles include a sub-set of principles and guidelines, including:  

    1. The Principles for Green Trade Finance (PGTF)  

    Set of detailed, fully implementable principles that provide a common language and set of processes for banks to utilise when conducting a Use of Proceeds-based assessment for green-labelled Trade Finance products. These principles are closely aligned with the Loan Market Association (LMA) Green Loan Principles (GPLs) but allow assessment based on the purpose of a transaction or its goods in addition to purpose-based evaluations. 

    What has been newly added in the Sustainable Trade Finance Principles (Wave 2)? 

    1. ICC’s Principles for Social Trade Finance (PSoTF) 

    Comprehensive framework for Use of Proceeds-based assessment for socially sustainable-labelled TF products, aligned to the LMA Social Loan Principles.  

    1. ICC’s guidance on Sustainability-linked Trade Finance  

    Tailored advice for sustainability linked assessments in trade finance, aligned to LMA Sustainability-Linked Loan Principles.  

    1. ICC’s guidance on Sustainability-linked Supply Chain Finance  

    Additional clarity on Sustainability-Linked Supply Chain Finance programmes, aligned to LMA SLLPs 

    Previous milestones 

    Principles for Sustainable Trade Finance (2024) 

    ICC developed the first-ever industry taxonomy to define what constitutes a sustainable trade finance transaction — filling a major gap in existing practice within the financial sector. The Standards for Sustainable Trade and Sustainable Trade Finance positioning paper was launched in 2021 as an initial step to developing a tool that is both robust and workable from an industry perspective.  

    Learn more

    Principles

    Principles for Sustainable Trade: Wave 2 (2023) 

    A minimum viable ‘Wave 1’ framework was launched in November 2022 and assessed both the environmental sustainability of a transaction, and how it supports socio-economically sustainable development. In tandem, a pilot scheme was launched in the textiles industry, with participants applying the framework to real transactions to understand what works and what could be improved in future versions of the framework. 

    Learn more

    Principles

    Wave 1 Framework for Sustainable Trade and Sustainable Trade Finance (2022) 

    The Wave 2 Principles were designed with usability in mind, while simultaneously improving reach, applicability, and rigour. Relative to Wave 1, Wave 2 has focused on expanding the scope to include three new sectors, adding rigour through a more granular grading system, allowing easier automation, by incorporating machine-readable sources of evidence and including a “distribution” component. 

    Learn more

    Principles

    Positioning paper on Standards for Sustainable Trade and Trade Finance (2021) 

    Developed in collaboration with BCG and leading trade banks in 2024, ICC provides a consensus set of principles that define sustainable trade finance products, offering clear, transparent, and consistent guidelines to enable banks, corporates and investors to effectively channel capital towards sustainable and inclusive trade finance facilities while mitigating the risks associated with greenwashing. These principles fit within the broader Principles for Sustainable Trade. 

    Learn more

    Positioning paper

    What’s next? 

    Alongside the launch of the Principles, ICC is launching a consultation where participants are invited to pilot and test the principles in their trade finance operation, and provide feedback and contributions.  This collaborative approach collaborative approach will ensure that the principles remain practical, scalable, and reflective of industry needs.  

    Industry professionals may provide their further insights and feedback in the survey link provided.  

    Please  reach out to the ICC team for further details.  

    MIL OSI Economics –

  • MIL-OSI USA: ICYMI: Bipartisan Warren, Scott (Fla.) Letter Questions Biden Defense Secretary’s Decision to Launch Lobbying Firm

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    July 01, 2025
    Austin publicly promised Warren in 2021 he would not become a lobbyist after leaving government service
    “When our highest-ranking government officials and military officers treat their positions as steppingstones to personal enrichment, they corrupt the very institution they swore to defend.” 
    Text of Letter (PDF)
    Washington, D.C. — U.S. Senators Elizabeth Warren (D-Mass.) and Rick Scott (R-Fla.), both members of the Senate Armed Services Committee, wrote to former Secretary of Defense Lloyd Austin seeking an explanation and further information on his recent decision to start a strategic advisory firm. Austin had publicly promised Senator Warren during his 2021 confirmation process that he would not become a lobbyist after his government service ended. 
    On June 3, 2025, Politico reported that Austin was launching Clarion Strategies, along with other former Biden defense and national security officials, to help clients “navigate geopolitical upheaval…, advancements in defense technology…, [and] global trade shifts and emerging alliances among U.S. adversaries like Russia, China, North Korea and China.” This new venture undermines his promises to Senator Warren to “ensure that the public has no reason to question my impartiality” and “[had] no intent to be a lobbyist.” 
    “The revolving door between the Pentagon and K Street has been spinning for years during both Democratic and Republican administrations. In your case, this move is particularly disappointing because you made a clear promise during your nomination hearing to uphold the public trust,” wrote the senators. 
    Austin’s pledges helped secure similar commitments from other defense nominees, including Air Force Secretary Frank Kendall, Under Secretary of Defense for Research and Engineering Heidi Shyu, and Under Secretary of the Army Gabriel Camarillo. 
    Austin appears to have found a loophole by serving as an “adviser” rather than a registered lobbyist. 
    “[That] undermines the very purpose of the promise that you made to the American people: to close the revolving door of government officials cashing in on their public service by lobbying, advising…” wrote the lawmakers.
    The senators demanded clarity on Austin’s new role by July 14, 2025, including whether he’ll register to lobby on behalf of any company; if any current or prospective clients have contracts with the Defense Department; if he’ll work on behalf of any foreign government; if he’ll recuse from any matters involving any companies he worked with as Defense Secretary; and whether any clients would benefit from his security clearance. 
    As leaders of the Senate Armed Services Subcommittee on Personnel, Senators Warren and Scott held a hearing on the dangers of the revolving door. Both have also introduced legislation to tackle the revolving door, with Senator Warren introducing the Department of Defense Ethics and Anti-Corruption Act and Senator Scott introducing the Banning Lobbying and Safeguarding Trust (BLAST) Act to ban members of Congress from lobbying.
    Senator Warren has long sought to protect servicemembers and national security by pushing defense nominees to resolve their conflicts of interest: 
    In May 2025, Senator Warren pressed Mr. Michael Obadal, nominee for Under Secretary of the Army, on his refusal to divest from major defense contractors.
    In April 2025, Senator Warren secured a commitment from Lieutenant General John D. Caine, President Trump’s nominee to be the next Chairman of the Joint Chiefs of Staff, not to work for any major defense contractors—or companies affected by his official actions—after leaving government service. 
    In March 2025, ahead of his confirmation vote, Senator Elizabeth Warren wrote to Deputy Defense Secretary Nominee Stephen Feinberg, urging him to recuse himself from all matters related to Ligado Networks, which has a pending $39 billion lawsuit against the DoD. 
    In March 2025, Senator Elizabeth Warren wrote to Mr. Emil Michael, nominee for Under Secretary of Defense for Research and Engineering, with concern over his history of inappropriate behavior at work, his attacks on journalists and public accountability, and his ties to technology companies that may seek contracts with the Department of Defense. 
    In February 2025, ahead of his confirmation hearing before the Senate Armed Services Committee, Senator Elizabeth Warren wrote to Mr. Stephen Feinberg, nominee for Deputy Secretary of the Department of Defense, pressing him to explain his “serious conflicts of interest” and his track record of mismanagement.
    In January 2025, Senator Elizabeth Warren wrote to Mr. Michael Duffey, nominee for Under Secretary of Defense for Acquisition and Sustainment of the Department of Defense, ahead of his confirmation hearing, with serious concerns about his record, which include violating the law, disregarding Congressional authority, and his involvement in Project 2025. 
    In January 2025, Senator Elizabeth Warren wrote to Mr. Pete Hegseth, nominee for Secretary of the Department of Defense, regarding his ethics conflicts ahead of the Senate’s consideration of his nomination. Mr. Hegseth’s household’s ownership of stock in several defense contractors and his unwillingness to commit to the same post-employment restrictions he previously advocated for were particularly troubling for a prospective Secretary of Defense.
    In March 2024, Senator Elizabeth Warren secured ethics commitments from Douglas Schmidt, ahead of his confirmation to be the Director of Operational Test and Evaluation (DOT&E) for the Department of Defense.
    In July 2023, Senator Elizabeth Warren secured a commitment from General Charles Q. Brown, Jr., President Biden’s nominee to be the next Chairman of the Joint Chiefs of Staff, not to become a defense industry lobbyist or receive compensation from a defense contractor for four years after leaving government service. 
    In June 2023, Senator Elizabeth Warren and representative Andy Kim reintroduced the Department of Defense Ethics and Anti-Corruption Act, to limit the influence of contractors on the military, constrain foreign influence on retired senior military officers, and assert greater transparency over contractors and their interaction with DoD.
    In July 2021, Senator Elizabeth Warren secured agreements to four-year recusals from former clients’ and employers’ party matters from then-Secretary of the Air Force Frank Kendall and then-USD(R&E) Heidi Shyu.

    MIL OSI USA News –

  • MIL-OSI USA: Governor Phil Scott Appoints 83 to Boards and Commissions

    Source: US State of Vermont

    Montpelier, Vt. – Governor Phil Scott’s office today announced a range of appointments made in the second quarter of 2025.

    Boards and commissions serve an important role in state government, giving Vermonters numerous opportunities to serve their state and communities. The Governor’s office is currently soliciting applications to fill vacancies and upcoming term expirations. All those interested in serving on board or commission should visit the Governor’s website at https://governor.vermont.gov/boards-commissions to apply.

    Appointments made in the second quarter of 2025 are listed below.

    ACT 264 Advisory Board

    • Alice Maynard, Underhill
    • Cynthia Smith, Fair Haven
    • Heather Freeman, Hyde Park
    • Laurie Mulhern, Bennington

    Board of Pharmacy

    • Kate-lyn Trucott, Lyndonville
    • Marvene Martinez, Vergennes

    Board of Professional Engineering

    • William Nourse, Essex

    Building Bright Futures Council

    • Dimitri Garder, North Bennington
    • Libby Daghlian, Winooski
    • Sharron Harrington, Burlington
    • Xusana Davis, Montpelier

    Caledonia County Sheriff

    • Brandon Thrailkill, Lyndonville

    Caledonia County Assistant Judge

    • Joe Benning, Lyndonville

    Capitol Complex Commission

    • Jireh Billings, Plymouth
    • John Hollar, Montpelier

    Clinical Utilization Review Board

    • Coleen Horan, M.D., Montpelier
    • Jennifer Chambers, Baltimore, MD

    Council for Equitable Youth Justice

    • Honorable Katherine Hayes, Brattleboro
    • Mercedes King, White River Junction
    • Peter Brown, Manchester, NH

    Department of Financial Regulation Commissioner

    • Kaj Samsom, Montpelier

    Deaf, Hard of Hearing, And Deaf/Blind Advisory Council

    • Amelie Briggs, Shelburne
    • Dr. Linda Hazard, Moretown
    • Julie Porter, Colchester
    • Kate Parrish, Hanover, MA
    • Rebecca Lalanne, Vernon
    • Sharon Henry, Hinesburg
    • Tracy Hinck, Norwich
    • Anne Daly, Brattleboro
    • Katharina Cahill, Waterbury Center

    Franklin County Assistant Judge

    • Jay Sweeny, St. Albans

    Human Rights Commission

    • Aditeei Lagu, Essex Junction

    Justice of the Peace

    • Krista M Rodrigue, Canaan
    • Justin Wright, St. Albans

    Northeast Forest Fire Protection Commission

    • Jay Hooper, Randolph Center

    Nuclear Decommissioning Citizens’ Advisory Panel

    • J. Randall Pratt, Wolcott

    Parole Board

    • Angela A. Chicoine, Essex Junction

    Passenger Tramway Board

    • Parker Riehle, South Burlington
    • Scott J. Reeves, Stowe

    State Infrastructure Bank Board

    • Dani Delaini, Brattleboro

    State Labor Relations Board       

    • Gwenna Peters, Duxbury

    State Rehabilitation Council

    • Ana Russo, Middlesex
    • Andrea Bacchi, Shaftsbury
    • Helena Kehne, Adamant
    • Krista Siringo, Bristol
    • Laura Flint, Waterbury
    • Sarah Launderville, Williamstown
    • Sherrie Brunelle, Colchester
    • William Garrison Meirs, Essex Junction

    State Veterinary Board 

    • Anne Murphy, Weybridge
    • Danielle Teehan, Newport
    • Jessica Alexander, Jericho

    Substance Misuse Prevention Oversight and Advisory Council

    • Amy Brewer, Williston

    Vermont Apprenticeship Advisory Board

    • Chris Damato, Derby Line
    • Greg Gove, Danville
    • Jeff Wimette, Fairfax
    • Jerry Baake, Pewaukee, WI
    • Pam Benoit, Barre

    Vermont Aviation Advisory Council

    • John Connor, Berlin
    • Victor Rivas, Bondville

    Vermont Commission on Native American Affairs

    • Alana Ojibway, Wilder
    • Charles Calley, Newbury
    • Linda Savoca, Cabot

    Vermont Community Development Board

    • David Riegel, Barton

    Vermont Economic Development Authority

    • Sarah Furman, Rutland

    Vermont Economic Progress Council

    • Heather Chase, Chester
    • Mark Nicholson, West Danville
    • Michael Keane, North Bennington
    • Mike Donohue, Shelburne
    • Rachel Smith, St. Albans

    Vermont Humanities Council

    • Candace Lewis, Georgia
    • Joseph Antonioli, Williston
    • Kathryn Santiago, Burlington

    Vermont Milk Commission

    • Harold Howrigan, Fairfield
    • Kiersten Bourgeois, St. Albans
    • Nicole Foster, Bridport
    • Rob Howe, Tunbridge

    Vermont Rail Advisory Council

    • Mark McKeon, Chester

    Vermont State Board of Nursing

    • Andrew D. Kehl, Hinesburg
    • Krystal Disorda, Brandon

    Vermont Veterans Home Board of Trustees

    • Steve Deal, Swanton

    Working Lands Enterprise Board

    • Stephanie Pope, Bridport
    • Susie Walsh Daloz, Middlesex

    ###

    MIL OSI USA News –

  • MIL-OSI: Ageas completes the acquisition of Saga’s Underwriting Business

    Source: GlobeNewswire (MIL-OSI)

    Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga’s Underwriting Business, have been obtained and the transaction has been completed.

    The completion of the acquisition of AICL represents the first milestone towards the establishment of a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers, as communicated on 16 December 2024 (read the press release).

    The acquisition and the distribution agreement with Saga, the UK specialist provider of products and services to people aged over 50, aligns perfectly with Ageas’s Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already have real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK.

    The overall consideration for the acquisition is approximately GBP 67 million – consistent with prior communications, and to be paid out between acquisition and the operational start date of the partnership. The overall Solvency II impact, including the Affinity Partnership, remains aligned with the previously communicated – 5%.

    Ageas is a Belgian rooted listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    Attachment

    The MIL Network –

  • MIL-OSI: Ageas completes the acquisition of Saga’s Underwriting Business

    Source: GlobeNewswire (MIL-OSI)

    Ageas announced today that all necessary regulatory approvals for the acquisition of Acromas Insurance Company Limited (AICL), Saga’s Underwriting Business, have been obtained and the transaction has been completed.

    The completion of the acquisition of AICL represents the first milestone towards the establishment of a 20-year partnership with Saga Services Limited (SSL) for the distribution of personal lines Motor and Home insurance products to Saga’s customers, as communicated on 16 December 2024 (read the press release).

    The acquisition and the distribution agreement with Saga, the UK specialist provider of products and services to people aged over 50, aligns perfectly with Ageas’s Elevate27 strategy, to capitalise on its robust Non-Life presence across Europe, while accelerating solutions targeted at an ageing population, a rapidly expanding customer segment where the Group and Ageas UK already have real strength and expertise. Furthermore, it presents Ageas with the opportunity to enhance its position as a leading personal lines insurer in the UK.

    The overall consideration for the acquisition is approximately GBP 67 million – consistent with prior communications, and to be paid out between acquisition and the operational start date of the partnership. The overall Solvency II impact, including the Affinity Partnership, remains aligned with the previously communicated – 5%.

    Ageas is a Belgian rooted listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    Attachment

    The MIL Network –

  • MIL-OSI: Coface SA: Disclosure of total number of voting rights and number of shares in the capital as at June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of total number of voting rights and number of shares in the capital as at June 30, 2025

    Paris, July 1st, 2025 – 17.45

    Total Number of
    Shares Capital    		 Theoretical Number of Voting Rights1 Number of Real
    Voting Rights2
    150,179,792 150,179,792 149,327,732

    (1)   including own shares
    (2)   excluding own shares

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust. You can check the authenticity on the website www.wiztrust.com.
     

    About Coface

    COFACE SA is a société anonyme (joint-stock corporation), with a Board of Directors (Conseil d’Administration) incorporated under the laws of France, and is governed by the provisions of the French Commercial Code. The Company is registered with the Nanterre Trade and Companies Register (Registre du Commerce et des Sociétés) under the number 432 413 599. The Company’s registered office is at 1 Place Costes et Bellonte, 92270 Bois Colombes, France.

    At the date of 31 December 2024, the Company’s share capital amounts to €300,359,584, divided into 150,179,792 shares, all of the same class, and all of which are fully paid up and subscribed.

    All regulated information is available on the company’s website (http://www.coface.com/Investors).

    COFACE SA. is listed on Euronext Paris – Compartment A
    ISIN: FR0010667147 / Ticker: COFA

    Attachment

    The MIL Network –

  • MIL-OSI Video: How pro basketball and theoretical physics shaped one health tech CEO

    Source: World Economic Forum (video statements)

    Non-communicable diseases like stroke and heart disease have swapped spots with infectious diseases as top global killers. Improving health access – whether in the developed or emerging world — can save the lives of billions. CEO Bernd Montag explains how Siemens Healthineers is partnering with providers around the world to deliver technologies and help reduce the complexities that can stand in the way of efficient treatment. He’ll also share his own unique background – as a professional basketball player and later theoretical physicist – and how it shaped how he makes decisions and leads.

    This interview was recorded January 2025 at the World Economic Forum Annual Meeting in Davos, Switzerland.

    About this episode:
    https://www.siemens-healthineers.com/

    Transcript:
    https://www.weforum.org/podcasts/meet-the-leader/episodes/bernd-montag-siemens-healthineers

    Related podcasts:
    Bridging the gap in women’s health technology, policy and more:

    Kearney:
    https://tinyurl.com/3jmahwwj

    Tackling these surprising blindspots can bridge gender gaps in health, opportunity and more: https://open.spotify.com/episode/0HfUaxq69cJBZfVgGctVMB?go=1&sp_cid=974f0d02895cc3e5dc6ee274371893a7&utm_source=embed_player_p&utm_medium=desktop&nd=1&dlsi=38d6c85af7df484e

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
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    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=ECEgJAlM72A

    MIL OSI Video –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 1.7.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  1.7.2025
         
         
    Siili Solutions Plc: Share Repurchase 1.7.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           1.7.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 000 Shares
    Average price/ share    6,4020 EUR
    Total cost            6 402,00 EUR
         
         
    Siili Solutions Plc now holds a total of 21 318 shares
    including the shares repurchased on 1.7.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    The MIL Network –

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 1.7.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  1.7.2025
         
         
    Siili Solutions Plc: Share Repurchase 1.7.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           1.7.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             1 000 Shares
    Average price/ share    6,4020 EUR
    Total cost            6 402,00 EUR
         
         
    Siili Solutions Plc now holds a total of 21 318 shares
    including the shares repurchased on 1.7.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    The MIL Network –

  • MIL-OSI Africa: Africa: Coalition commits to Action Plan to increase private investment mobilization for developing countries by end of 2027


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    A coalition of governments, international development partners and private sector groups including the UN Capital Development Fund, UN Economic Commission for Africa, African Union Commission, Organisation for Economic Cooperation and Development (OECD), Global Investors for Sustainable Development (GISD) Alliance, Ministry for Foreign Affairs of Finland, Norway Ministry of Foreign Affairs (MFA) and Norad, Switzerland SECO and Convergence Blended Finance, are announcing the development of an Action Plan to increase mobilize private sector capital at scale in developing countries.

    The Action Plan, announced at the Fourth Financing for Development Conference (FFD4) in Seville, Spain, seeks to tackle poverty, economic growth and climate risks by deploying public sector resources through blended finance to mobilize private investment in underserved markets, which, over the last decade, has remained weak even as global wealth has ballooned. The Action Plan will include a dedicated Least Developed Countries (LDCs) and Africa-focused track to advance context-specific blended finance approaches and support scalable investment opportunities in key sectors.

    FFD4 is a once-in-a-decade gathering of development partners seeking to build a renewed global financing framework to urgently unlock greater volumes of capital to close the financing gap of developing countries. Government-sourced Official Development Assistance (ODA) declined last year by over 7% compared with 2023, according to the Organisation for Economic Cooperation and Development (OECD), one of the co-proposers of the Action Plan.

    “The world has the resources – the money we need – to eradicate poverty and ensure every person can live a life free from poverty. Much of those resources lie with the private sector in the world’s most developed nations and they will likely remain there until the real and perceived risks that act as a barrier to investment in underserved markets are tackled head-on,” said Pradeep Kurukulasuriya, Executive Secretary of the UN Capital Development Fund, which provides catalytic and blended finance solutions for underserved markets.

    “Blended finance models that are tailored to country needs have the potential to de-risk markets, plug the international development finance gap and transform the lives of hundreds of millions of people living in the world’s underserved markets and Least Developed Countries,” Mr Kurukulasuriya added.

    “Bridging Africa’s investment gap demands bold, coordinated action. This Action Plan marks a turning point, a practical blueprint to shift global capital toward sustainable development in countries that need it most. The UN Economic Commission for Africa is committed to ensuring that Africa is not only part of the conversation, but central to the solution” added Claver Gatete, Executive Secretary, UN Economic Commission for Africa.

    “As traditional streams of overseas development assistance dry up, more people than ever are talking about the promise of blended finance,” shared Joan Larrea, Chief Executive Office of Convergence. “At FFD4, with this joint proposal, we have made a significant step towards making that promise a reality.”

    “Norway is proud to collaborate with this global coalition on developing the Action Plan to mobilize private investment for sustainable development. Addressing the financing gaps in Least Developed Countries and underserved markets is critical to tackling poverty, hunger, and climate challenges. By leveraging blended finance and fostering innovative partnerships, we aim to contribute to transformative change and create a foundation for equitable and inclusive growth,” said Åsmund Aukrust, Norway’s Minister of Development.

    “Mobilization of private capital for financing sustainable development is an integral part of Finland’s foreign and development policy”, says Ville Tavio, Finland’s Minister for Foreign Trade and Development. “Financing for Development Conference will increase the clarity and formality of private capital mobilization as part of the financing sustainable development for the next decade. We believe that developing a common action plan and standardizing the proven blended finance models will help us scale up private capital mobilization to deliver on the commitments agreed here in Seville.”

    While global assets have doubled to $482 trillion over the last decade, private sector investment to and within low- and middle-income countries has remained stubbornly weak. Only 5% of those global assets are invested in developing countries, excluding China, according to the Financial Stability Board, an international body that monitors the global financial system. Of that 5%, only a tiny proportion reaches the most underserved markets and the world’s 44 Least Developed Countries, which are collectively home to some 880 million people.

    The world stands at a crossroads for financing sustainable development with an estimated annual financing gap of $4 trillion – up from $2.5 trillion pre-pandemic. The OECD reports that all “official development finance” activity mobilized an average of $57 billion in private investment annually over the last five years – just 1% of the $6-7 trillion needed each year if the Sustainable Development Goals (SDGs) are to be met.

    At the same time, domestic financial resources in developing countries are insufficient and cross-border private investment flows from developed to developing countries has been low over the past decade.

    Blended finance has the potential to transform private investment flows and positively contribute to the FfD4 Outcome Document mobilization objectives and to the SDGs.

    Signatories of the Joint Initiative have committed to develop an “effective, efficient, fair and practical action plan” through the remainder of 2025 and into 2026 to identify how to use a blend of public sector and philanthropic resources to mobilize and crowd-in larger amounts of private sector finance for development results at scale.

    The Action Plan will describe practical measures to mobilize private investment using standardized and replicable blended finance models tailored to country contexts, with an emphasis on alignment with national priorities and global development goals with the following measurable results:

    • At least 16 OECD DAC countries will agree to or endorse the Action Plan by March 31, 2026.

    • At least 27 African countries and 27 non-African developing countries will also endorse the Action Plan by the same date.

    • At least 16 developed and 54 developing countries will commit to implementing the plan starting June 30, 2026.

    The Action Plan is one of a series being submitted to conference organisers that seek to turn the objectives outlined in the FFD4 outcome document into a pathway for action.

    Distributed by APO Group on behalf of United Nations Economic Commission for Africa (ECA).

    MIL OSI Africa –

  • MIL-OSI Africa: World Bank Group Appoints New Division Director for Mozambique, Madagascar, Mauritius, Comoros and Seychelles


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    The World Bank Group has appointed Fily Sissoko as the new Division Director for Mozambique, Madagascar, Mauritius, Comoros, and Seychelles, effective today. He succeeds Idah Pswarayi-Riddihough, who held the position for the past four and a half years.

    In this new role, Mr. Sissoko will lead the World Bank Group’s engagement with government counterparts, development partners, and other stakeholders, advancing initiatives aligned with national priorities and the World Bank’s vision of a world free of poverty on a livable planet.

    An Ivorian national, Mr. Sissoko brings over 23 years of development experience across Africa, East Asia, South Asia, and the Pacific. Most recently, he served as the World Bank Country Manager for Togo, based in Lome. Prior to that, he was  the manager for the Governance Global Practice for the East Asia and Pacific region. He began his career at the World Bank in 2002 as a Financial Management Specialist in Dakar, Senegal, and has since held several leadership roles in financial management.

    Based in Maputo, Mr. Sissoko will oversee a portfolio of 63 projects totaling $8.5 billion in commitments across the five countries. This support spans key sectors including education, energy, health, social protection, infrastructure, agriculture, governance, and private sector development.

    Distributed by APO Group on behalf of The World Bank Group.

    MIL OSI Africa –

  • MIL-OSI USA: Protecting Consumers from Proposed Rate Hikes

    Source: US State of New York

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    July 1, 2025

    Albany, NY

    Governor Kathy Hochul today announced that she is demanding the Department of Public Service scrutinize the proposed rate hikes the New York State Electric and Gas (NYSEG) and the Rochester Gas and Electric Corporation (RG&E) are seeking, protecting consumers from sky-high utility costs that are making New York State less affordable.

    “At a time when New Yorkers are struggling to meet everyday costs, New York State Electric and Gas (NYSEG) and the Rochester Gas and Electric Corporation (RG&E) must find a way to avoid these unacceptably high rate hikes,” Governor Hochul said. “I am calling on the Department of Public Service to scrutinize these proposals to ensure these companies have the resources to keep our energy grid going but are not making additional profit off the backs of ratepayers.”

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    The State of New York does not imply approval of the listed destinations, warrant the accuracy of any information set out in those destinations, or endorse any opinions expressed therein. External web sites operate at the direction of their respective owners who should be contacted directly with questions regarding the content of these sites.

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    MIL OSI USA News –

  • MIL-OSI: Neptune Maritime Leasing Completes Refinancing of Golden Energy Offshore Services ASA Fleet

    Source: GlobeNewswire (MIL-OSI)

    The GEOS vessel ENERGY SWAN

    ST HELIER, Jersey, July 01, 2025 (GLOBE NEWSWIRE) — Neptune Maritime Leasing Limited (“Neptune Leasing” or the “Company”) is delighted to announce that it has entered into a new USD 95,000,000 sale and leaseback facility for the seven-vessel fleet of Golden Energy Offshore Services ASA (“GEOS”) (OSLO: GEOS) in June 2025. Neptune Leasing is pleased to announce that yesterday GEOS drew six of the seven tranches available under the facility for each of the vessels Energy Duchess, Energy Empress, Energy Pace, Energy Passion, Energy Partner and Energy Paradise. Financing of the 7th vessel is expected to be completed in July 2025.

    Harris Antoniou, Founder and CEO of Neptune Leasing stated: “We are very pleased that this facility is a major step forward in strengthening Golden Energy Offshore Services’ position within the offshore industry and will allow GEOS to actively pursue its stated objective of growth and shareholder value creation. This year 2025 is yet another year of growth for Neptune Leasing. As communicated in the past, we continue to expand our fleet, as well as to grow our sector coverage to include offshore vessels and our geographic coverage to include Norway, the Middle East and Asia.”

    About Golden Energy Offshore Services ASA

    www.geoff.no/investors-geos

    GEOS ASA is an offshore service company based in Ålesund, Norway. The Company operates supply and service vessels to the offshore industry. The Company fleet is used within the Oil & Gas and Renewable Offshore industry. The Company is listed on Euronext Growth in Oslo Stock Exchange under the ticker “GEOS”.

    About Neptune Maritime Leasing

    www.neptuneleasing.com

    Neptune Maritime Leasing was established in 2021. It is a growth-oriented maritime leasing platform with the mission to providing shipowners with access to a flexible financing tool and investors with secure access to an under-invested asset class with attractive real yield. Our strategy is to buy high quality assets and build a portfolio of long-term contracts through sale and leaseback transactions in diverse maritime sectors. We are committed to delivering attractive, long-term, risk-adjusted, and responsible returns to our investors, by advancing global trade and economic growth through supporting the maritime industry, and by making a positive contribution to the environment and to society as a whole.

    For more information please contact:

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc90c6b9-e56e-487c-a7e1-ecf9bce7e1af

    The MIL Network –

  • MIL-OSI United Kingdom: New Permanent Secretary at Department for Transport 

    Source: United Kingdom – Executive Government & Departments

    News story

    New Permanent Secretary at Department for Transport 

    Jo Shanmugalingam has been appointed as the new Permanent Secretary of the Department for Transport, taking over from Bernadette Kelly

    The Cabinet Secretary, with the approval of the Prime Minister, has announced the appointment of Jo Shanmugalingam as the new Permanent Secretary of the Department for Transport (DfT).

    Jo is currently the department’s Second Permanent Secretary, and has been serving as the Interim Permanent Secretary since Bernadette Kelly stepped down last month. 

    Jo started her career at the Department for Trade and Industry and spent six years at the Shareholder Executive (now UKGI). Her previous roles include Director General for Science, Innovation and Growth at the Department of Science, Innovation and Technology, and the Department for Business, Energy & Industrial Strategy.

    She will lead the department as the government rebuilds Britain through growth and investment under the Plan for Change, transforming transport infrastructure across the country and making it easier to build new roads and railways.

    Secretary of State for Transport, Heidi Alexander, said:

    I’m delighted to have Jo appointed as Permanent Secretary for the Department for Transport. Having worked closely with her since taking up my role, I know she will provide exemplary leadership as we deliver for this government and the public. 

    I’d like to once again thank Bernadette Kelly for her many years of public service – I can think of no one better to take over the reins from Bernadette than Jo, and I look forward to working with her to deliver this government’s ambitious Plan for Change.

    Cabinet Secretary, Sir Chris Wormald, said:

    I congratulate Jo Shanmugalingam on her appointment as Permanent Secretary at the Department for Transport. Jo’s valuable experience and impressive track record in delivery make her well suited to lead the department at such an important moment of infrastructure renewal under the Plan for Change – building transport services across the country that boost opportunity and growth for working people.

    I would also like to thank Bernadette Kelly for her dedicated service over 39 years in the Civil Service, in particular for her eight years leading the Department for Transport.

    Jo Shanmugalingam said:

    I am honoured to be appointed Permanent Secretary at the Department for Transport. Transport is fundamental to everything we do, connecting people to friends and family, jobs and training. 

    As a department we have a huge part to play at this critical time in driving economic growth. I’m incredibly fortunate to continue working with the talented team in DfT and across the transport system, who I know are all just as dedicated to delivering changes that make a real difference to people’s lives.

    The appointment follows an external recruitment competition overseen by the independent Civil Service Commission.

    Updates to this page

    Published 1 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Emma Honey shines in national Trading Standards awards 1 July 2025 Emma Honey shines in national Trading Standards awards

    Source: Aisle of Wight

    An Isle of Wight Trading Standards officer has been hailed as one of the UK’s brightest new talents in the battle against counterfeit goods.

    Emma Honey has been awarded the prestigious ‘Rising Star’ accolade by the Anti-Counterfeiting Group (ACG), recognising her exceptional work tackling intellectual property (IP) crime — despite still being in training.

    Emma’s investigations have already led to the seizure of fake clothing, jewellery, electronics, and tobacco products, protecting both consumers and local businesses.

    Her leadership, innovation, and passion for enforcement have also seen her deliver training to police officers and chair the regional apprentice network.

    Reflecting on the award, Emma said: “I’m incredibly honoured to receive this recognition.

    “It’s been a real team effort, and I’ve learned so much from my colleagues and partners. I’m passionate about protecting people from the harms of counterfeit goods and supporting our local businesses, and I’m excited to keep building on this work.”

    James Potter, Trading Standards and community safety manager at the Isle of Wight Council, praised Emma’s achievement

    He said: “Emma’s recognition as a ‘Rising Star’ is not only a personal triumph but also a shining example of the vital work being done by Isle of Wight Trading Standards to keep the community safe from counterfeit crime.

    “Her dedication, professionalism and instinct for enforcement are truly impressive. She’s made a real impact not just on the Island but across the region. This award is richly deserved and a sign of even greater things to co

    MIL OSI United Kingdom –

  • MIL-OSI USA: Federal Court Orders Chicago Commodity Pool Operators, Owner, Former Chief Portfolio Manager to Pay More Than $6M in Fraud Action

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — The Commodity Futures Trading Commission today announced the U.S. District Court for the Northern District of Illinois entered a consent order imposing permanent injunctive relief, civil monetary penalties, disgorgement, and equitable relief against Chicago commodity pool operators LJM Partners Ltd and LJM Management Ltd (collectively, LJM); former LJM chairman, owner, and registered associated person Anthony J. Caine of Colorado; and former LJM chief portfolio manager and registered AP Anish Parvataneni of Illinois. 
    The consent order requires Caine and Parvataneni to pay civil monetary penalties of $500,000 and $200,000, respectively. Additionally, the consent order requires LJM and Caine to pay $4,624,271 in disgorgement, jointly and severally, which includes pre-judgment interest, and Parvataneni to pay $721,093 in disgorgement, which includes pre-judgment interest. It also imposes registration bans of three years for Caine and one year for Parvataneni and enjoins them from managing or advising the trading for or on behalf of any third parties for three years and one year, respectively, except for themselves, their wives, or children. The order permanently enjoins the defendants from further violations of the Commodity Exchange Act and CFTC regulations, as charged.   
    Case Background
    The consent order stems from a CFTC complaint filed against defendants LJM, Caine, and Parvataneni in May 2021. [See CFTC Press Release No. 8392-21]. 
    The CFTC’s complaint alleged from at least June 2016 through February 2018, LJM managed several commodity pools, a mutual fund, and individual managed client accounts and made several false and misleading statements to prospective and existing pool participants and others in connection with its short options trading strategies. According to the complaint, the defendants made misleading statements related to LJM’s maximum daily loss, risk management, and the failure to disclose changes to LJM’s risk profile, including changes in late 2017 and early 2018 that dramatically increased the portfolio’s vulnerability to loss in certain scenarios.
    According to the complaint, in January 2018, LJM had more than $1 billion in assets under management; however, on Feb. 5 and 6, 2018, LJM’s portfolios suffered over 80% trading losses when the Chicago Board Options Exchange’s Volatility Index spiked over 20 points. Shortly thereafter, LJM closed its business. 
    The CFTC previously ordered LJM’s former Chief Risk Officer Arjuna Ariathurai to pay $247,444 in civil monetary penalties, disgorgement, and pre-judgment interest for failing to disclose certain information when speaking to prospective and existing pool participants about LJM’s risk management. [See CFTC Press Release No. 8392-21].
    The court also entered an order resolving the Securities and Exchange Commission’s related charges against the same defendants. 
    The CFTC acknowledges and appreciates the cooperation and assistance of the SEC, National Futures Association, and Financial Industry Regulatory Authority.
    The Division of Enforcement staff responsible for this action are W. Derek Shakabpa, Patrick Daly, Nicole Buseman, David Oakland, Michael Cazakoff, Elizabeth May, Jordon Grimm, Lenel Hickson, Manal Sultan, Charles Marvine, and former employee David Acevedo.
    CFTC’s Commodity Pool Fraud Advisory
    The CFTC has issued several customer protection fraud advisories, including the Commodity Pool Fraud Advisory, which warns customers about a type of fraud involving individuals and firms, often unregistered, offering investments in commodity pools. 
    The CFTC also strongly urges the public to verify a company’s registration with the CFTC at NFA BASIC before committing funds. If unregistered, a customer should be wary of providing funds to that entity.
    Suspicious activities or information, such as possible violations of commodity trading laws, can be reported to the Division of Enforcement via a toll-free hotline 866-FON-CFTC (866-366-2382) or file a tip or complaint online or contact the Whistleblower Office. Whistleblowers are eligible to receive between 10 and 30 percent of the monetary sanctions collected, paid from the Customer Protection Fund financed through monetary sanctions paid to the CFTC by violators of the CEA.

    MIL OSI USA News –

  • MIL-OSI USA: Statement of Commissioner Kristin N. Johnson Regarding CFTC Settlement with LJM Funds Management Ltd.

    Source: US Commodity Futures Trading Commission

    Today, the Commodity Futures Trading Commission (Commission or CFTC) and the Securities Exchange Commission (SEC) announced settlement agreements with LJM Funds Management Ltd., LJM Partners Ltd. (together with LJM Funds Management Ltd., LJM), Anthony J. Caine (Caine), and Anish Parvataneni (collectively, Defendants). As described in the Complaint,[1] the Defendants violated multiple provisions of the Commodity Exchange Act (CEA) and the Commission’s Regulations by engaging in deceptive and manipulative practices in connection with transactions involving commodities over an extended period of time.[2]
    As stated more comprehensively in the Complaint, Defendants’ violations of the CEA and Regulations were rooted in deceptive and manipulative practices.[3] Defendants made intentional and reckless decisions to make false or misleading statements when describing their risk management practices to prospective and existing commodity pool participants.[4] In doing so, Defendants significantly downplayed worst-case losses by stating they were, in the most aggressive analysis, capped at 40%, when internal emails show that one of LJM’s controlling persons, Caine, knew that losses could reach 100%.[5] Further, Defendants advertised that their risk management included historical analysis when their risk management did not, committing a series of acts which put investors’ hard-earned funds at levels of risk they were not adequately informed of.[6] 
    Further, Defendants continuously misled investors about the risk profile of its portfolio over the course of two years by maintaining that its risks remained consistent with historical practices.[7] Instead, Defendants’ risk profile had significantly deviated from their traditional norms and nearly doubled the size of potential losses associated with a significant drop in the S&P and an upward spike in volatility – which is exactly what happened. None of these changes were disclosed to investors and, eventually, it was the investors who paid the price, suffering substantial losses due to the Defendants’ conduct as LJM collapsed.
    Careful risk management enables market participants to detect and address the kinds of volatility that led to LJM’s collapse. Effective risk management oversight enhances the integrity and stability of global derivatives markets.
    Where risk management fails or is completely neglected, we must endeavor through enforcement actions to achieve greater accountability, reduce repeated compliance failures through both general and specific deterrence,[8] and enable the Commission to maximize the use of limited resources.
    LJM’s Implosion
    In late 2017, Defendants knew that LJM’s portfolio risk was increasing and that their investment strategies left investor assets vulnerable to a market move. Defendants were also aware that the risk profiles for certain of their investment strategies were becoming increasingly risky but made no efforts to reduce the risk levels of their investment strategies or disclose to investors that their risk of loss was skyrocketing. Instead of telling investors the truth and revealing the risks that investors faced, Defendants intentionally misrepresented the rising risk levels that threatened investors’ assets. 
    LJM’s high-risk investment strategies imploded on February 5-6, 2018, when the Chicago Board Options Exchange (CBOE) Volatility Index (VIX) spiked more than 20 points. LJM lost almost $1 billion in customer assets and LJM shuttered its doors. 
    Deterring Deceptive and Manipulative Practices
    LJM intentionally deceived commodity pool and mutual fund investors. The penalties imposed should reflect our commitment to protecting investors and serve to deter future misconduct by the Defendants and dissuade any future bad actors from electing to deceive investors by misrepresenting risk levels associated with their investment strategies.
    Many hard-working investors who suffered significant losses as a result of LJM’s misrepresentations may question whether today’s settlement achieves these goals. I continue to have questions regarding the Commission’s calculation of civil monetary penalties, particularly in enforcement matters that involve intentional, willful deception of vulnerable investors. I have previously raised my concerns regarding the methodology for calculating civil monetary penalties and urged CFTC staff leadership and my fellow Commissioners to provide greater clarity and transparency regarding the Commission’s civil monetary penalty calculation methodology. In addition, I have consistently questioned the impact of lower penalties. Reduced penalties may not achieve deterrence, which is a foundational goal of our enforcement regime. 
    It has been suggested that we can distinguish the poor risk management decisions at LJM from a sham business that was created solely for the purpose of separating unwitting investors from their money. I disagree. Investors in LJM’s commodity pools and mutual funds selected their investment based on what was represented to them as a lower risk profile. Defendants’ choice to then expose investors’ assets to excessive risk levels violated the compact of trust and confidence that the investors had with LJM. Even if the risk management decisions could be excused, the affirmative acts of deception should not be overlooked. 
    Promoting Customer Protection Through Disclosure and Supervision
    If our mission is to protect investors from the devastating effects of fraud, the businesses that set out to engage in fraud cannot be distinguished from those that start out well-intentioned but later adopt deception as a mantra. A well-heeled firm that has gained the public’s trust and confidence by demonstrating the ability to operate in accordance with the rigorous compliance and reporting obligations of U.S. financial markets regulation that later transforms into a vehicle of garden-variety fraud is, perhaps, more concerning than the fly-by-night fraudster selling snake-oil from the trunk of his car. 
    Disclosure has served as a foundation in U.S. financial markets regulation for almost a century for a reason. Creating sunlight in contexts where conflicts of interest and asymmetries of information flourish in the shadows is one of most time-tested means of protecting customers, preserving investor capital, and fostering healthy markets.   
    Moreover, supervision is a cornerstone of customer protection. From its inception in the 1970s, the Commission has emphasized that supervision is a linchpin in our regulatory framework. Under Regulation 166.3, each Commission registrant “must diligently supervise the handling by its partners, officers, employees and agents (or persons occupying a similar status or performing a similar function) of all commodity interest accounts carried, operated, advised or introduced by the registrant and all other activities of its partners, officers, employees and agents (or persons occupying a similar status or performing a similar function) relating to its business as a Commission registrant.”[9] 
    I commend the Division staff who investigated and resolved this case and worked with the SEC on a parallel case.

    [1] Complaint, CFTC v. LJM Funds Management Ltd, et al., No. 1:21-cv-02863 (N. D. Ill. May 25, 2021), ECF No. 1 (Complaint).

    [2] Complaint ¶¶ 95-112.

    [3] Id. The deceptive and manipulative practices and failure to supervise described in the Complaint violated Sections 4o(1)(A)-(B); 4c(b); and 6(c)(1) of the CEA and Regulations 33.10, 180.1(a), and 166.3. 

    [4] Specifically, Section 4o(1)(A)-(B) of the CEA states that it is unlawful for a commodity pool operator (CPO) or a commodity trading advisor (CTA) to “employ any device, scheme, or artifice to defraud any client or pool participant or prospective pool participant.” 7 U.S.C. § 6o(1)(A)-(B). Section 4c(b) of the CEA and Regulation 33.10 make it unlawful for a person to enter into a transaction that involves any commodity regulated under the CEA known as an “option” contrary to any other rule or regulation of the Commission which would prohibit such transaction and makes it unlawful to directly or indirectly cheat, defraud, or deceive any other person in connection with such transactions. 7 U.S.C. § 6c(b); 17 C.F.R. § 33.10. Further, Section 6(c)(1) of the CEA makes it unlawful to use “any manipulative or deceptive device, in contravention of such rules and regulations as the Commission shall promulgate” in connection with the contract of sale of commodity or future delivery of a commodity in interstate commerce. 7 U.S.C. § 9(1); see also 17 C.F.R. § 180.1(a).

    [5] Complaint ¶¶ 46-79. In an internal email, Caine admitted “In extreme cases, theoretically we model to 100% loss.” Complaint ¶ 55.

    [7] Complaint ¶¶ 71-79.

    [8] References to general deterrence describe the effect on the general public of observing consequences of compliance failures or misconduct and the impact of such observations on their future conduct. Specific deterrence refers to the impact of a consequence on the future behavior or conduct of a party that has engaged in conduct that leads to a penalty.

    [9] 17 C.F.R. § 166.3. See also Adoption of Customer Protection Rules, 43 Fed. Reg. 31886, 31889 (July 24, 1978)(“the basic purpose of the rule is to protect customers by ensuring that their dealings with the employees of Commission registrants will be reviewed by other officials in the firm.”).

    MIL OSI USA News –

  • MIL-OSI: How to use ALL4 Mining’s cloud mining strategy simple guide provides direction and goals

    Source: GlobeNewswire (MIL-OSI)

    Chicago, IL, July 01, 2025 (GLOBE NEWSWIRE) — Traditionally, savings have been dominated by traditional means such as stocks, bonds, and savings accounts. But in today’s digital world, an intriguing player has emerged: cryptocurrency cloud mining. As people increasingly look at digital assets as investments, a question arises: Is cryptocurrency cloud mining a viable option for achieving long-term financial goals?

    This article explores how to incorporate cryptocurrency cloud mining into your long-term financial strategy. Despite its volatility, cryptocurrency offers opportunities for growth and diversification. We will discuss how to align cryptocurrency investing with your long-term goals, learn about these assets, and how ALL4 Mining can simplify your investment process. Join us as we explore the role of cryptocurrency cloud mining in planning your financial future.

    Potential benefits of investing in ALL4 Mining:
    Seamless mobile mining: The new mobile app offers a user-friendly interface that allows you to easily monitor your mining contracts, track daily earnings, and manage your investments.
    Enhanced security: The app is protected by top-tier security from McAfee® and Cloudflare®, ensuring your digital assets are protected wherever you are.
    Instant bonus: New users who sign up through the app receive an instant $15 sign-up bonus, and daily logins earn an additional $0.60.
    Diverse contract options: From one-day contracts starting at $15 to long-term investments, users can choose from a variety of mining plans to suit different budgets and goals.
    24/7 reliability: With 100% uptime and 24/7 technical support, the mobile app ensures that you can mine without interruption.

    How to start your investment journey with limited funds requires several key steps to ensure that you are on the right track:

    Step 1: Choose ALL4 Mining as your provider: ALL4 Mining’s mining method is simple and straightforward, and users only need a minimum deposit to start mining. The platform ensures that everyone can participate by providing daily returns on mining contracts and flexible withdrawal methods.

    Step 2: Register an account: Visit the ALL4 Mining official website all4mining.top, create an account with your email address, log in to access the control panel and start mining immediately.

    Step 3: Purchase a mining contract: ALL4 Mining offers a variety of contract options to meet different budgets and goals. Users can choose from the following options:

    • BTC basic computing power: investment amount: $100, contract period: 2 days, daily income of $4.0, expiration income: $100 + $8
    • LTC [classic computing power contract]: investment amount: $600, contract period: 6 days, daily income of $7.26, expiration income: $600 + $43.56
    • BTC [classic computing power contract]: investment amount: $3,000, contract period: 20 days, daily income of $42.9, expiration income: $3,000 + $858
    • DOGE [classic computing power contract]: investment amount: $5,000, contract period: 30 days, daily income of $75, expiration income: $5,000 + $2,250
    • BTC [advanced computing power contract]: investment amount: $10,000, contract period: 40 days, daily income of $166, maturity income: $10,000 + $6,640
    • BTC [Advanced Computing Power Contract]: Investment amount: $50,000, contract period: 48 days, daily income: $910, maturity income: $50,000 + $43,680
    • BTC [Super Computing Power Contract]: Investment amount: $150,000, contract period: 50 days, daily income: $2,925, maturity income: $150,000 + $146,250

    Now, with ALL4 Mining, saving for future financial goals (whether it’s retirement, your children’s education, or your dream home) can become more systematic and goal-oriented.

    ALL4 Mining is designed to help you set and achieve specific financial goals. You can deposit more than 10 different cryptocurrencies in it: such as (BTC, ETH, XRP, SOL, DOGE).

    ALL4 Mining encourages you to dive deeper into the world of cryptocurrency and explore its potential for long-term financial growth.

    ALL4 Mining offers a wealth of tutorial guides to help you further your understanding and improve your skills. In addition, ALL4 Mining simplifies and secures your long-term cryptocurrency savings. Join the cloud mining revolution today by visiting the official website https://all4mining.top/ or downloading the ALL4 Mining mobile app. Explore now and move towards a more diversified and rewarding financial future.

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    The MIL Network –

  • MIL-OSI: Jean Barbagelata Joins Tech CU’s Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., July 01, 2025 (GLOBE NEWSWIRE) — Today, Tech CU (Technology Credit Union) announced the appointment of Jean Barbagelata to its Board of Directors, serving on both the Compensation Committee and the Nominating and Governance Committee. With more than 30 years of experience in senior leadership roles, Jean brings deep expertise in scaling technology companies, guiding organizational governance, and fostering inclusive, high-performance cultures.

    “We’re thrilled to welcome Jean to our Board of Directors,” said Todd Harris, CEO of Tech CU. “Her experience building and leading high-performing teams at both Fortune 500 companies and innovative startups adds an important perspective to our board.”

    Jean most recently served as Chief People Officer at Matterport, Inc. (NASDAQ: MTTR), where she was part of the executive team that grew revenue by 400% and led the company through its initial public offering in 2021. Prior to that, she held the same position at The RealReal (NASDAQ: REAL) and senior leadership roles at Salesforce and Gap Inc.

    Throughout her career, Jean has helped guide companies through major inflection points by aligning talent strategy with business goals, championing equity and inclusion, and building enduring leadership teams. She is also passionate about the responsible use of technology to expand financial access and create long-term value.

    She holds a bachelor’s degree in business and retailing from the University of Wisconsin-Madison.

    About Tech CU
    Tech CU is a $4.7 billion Bay Area credit union. As a federally insured not-for-profit organization, Tech CU has invested its resources to deliver superior rates, lower fees, and outstanding service and member benefits for more than 60 years while also supporting quality of life in local communities. It serves more than 200,000 members throughout the United States and provides financial products for all stages of its members’ lives, including personal banking, wealth management, private banking, commercial lending, and business banking. To learn more, please visit www.techcu.com.

    Contact:
    Linden Kohtz
    Public Relations, Tech CU
    lkohtz@techcu.com

    The MIL Network –