NewzIntel.com

Category: Business

  • MIL-OSI Security: Raleigh Man Pleads Guilty to Seven-Figure Fraud Against COVID Relief Program

    Source: US FBI

    RALEIGH, N.C. – Raleigh businessman Wilson Alfredo Olivera Borda pled guilty to nine counts of defrauding the Paycheck Protection Program (PPP) for over $1 million. At sentencing, Olivera faces a statutory maximum of 30 years imprisonment and a fine of up to $1,000,000.

    According to court documents and other information presented in court, in 2020 and 2021, Borda received nine PPP loans for five separate companies. To obtain those loans, Olivera submitted applications falsely claiming that each business had substantial employees and operations. Olivera bolstered those falsehoods by submitting fabricated tax returns supporting his applications.

    In truth, two of the companies, The Insurance Centers.Com and The Insurance Centers LLC, were not separate businesses, but trade names used by a different company for which Borda had already applied for and received COVID relief funding. The other three, Realty Vestors LLC, US-Kaizen LLC, and Ecobuild LLC, had little or no operations and no employees. After obtaining the loans, Borda made additional false statements to obtain forgiveness. All nine loans were fully forgiven and paid off by the U.S. Small Business Administration.

    “This businessman pocketed over $1 million in PPP relief funds by submitting bogus tax returns suggesting his business had legitimate operations and employees.  When the FBI dug in, the house of cards came tumbling down,” said U.S. Attorney Michael F. Easley, Jr.  “We should be proud to live in a nation that cares for the needy and moves quickly to handle the greedy.  Law enforcement is working daily to root out fraud on public programs.”

    Michael F. Easley, Jr., U.S. Attorney for the Eastern District of North Carolina made the announcement after the arraignment by United States District Judge Terrence Boyle. The Federal Bureau of Investigation investigated the case.

    Assistant United States Attorney Chris Cogburn prosecuted the case for the government.

    Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 5:24-CR-215-BO.

    MIL Security OSI –

  • MIL-OSI Security: Six Defendants Indicted in Multi-State Identity Theft Ring

    Source: US FBI

    TUCSON, Ariz. – On February 28, 2024, a federal grand jury returned a five-count indictment against Armani R. Purandah, 24, Rashawn L. Gray, 27, Tyshaun D. Ripley, 25, Awilda Reyes, 51, Richard M. Bah, 20, of Bronx, NY, and Harley D. Stuscavage, 41, of Phoenix. The defendants were each charged with one count of Conspiracy to Commit Bank Fraud and four counts of Aggravated Identity Theft. 

    The indictment alleges that the co-conspirators engaged in a scheme to defraud individuals and banks across the United States including in Arizona, Colorado, and California. The co-conspirators unlawfully used victims’ personal identifying information and fraudulent identifications to open fake business accounts linked to the victims’ legitimate bank accounts. They transferred the victims’ funds from the victims’ legitimate bank accounts to the fraudulent business bank accounts. Once the victims’ funds were transferred to the business accounts, the co-conspirators withdrew the funds in cash at financial institutions and tribal casinos. The co-conspirators also made other unauthorized transactions from the accounts.  

    Conspiracy to Commit Bank Fraud carries a maximum penalty of 30 years in prison and a fine of up to $1,000,000. Aggravated Identity Theft carries a two-year mandatory minimum prison sentence.

    An indictment is simply a method by which a person is charged with criminal activity and raises no inference of guilt. An individual is presumed innocent until evidence is presented to a jury that establishes guilt beyond a reasonable doubt.

    The Federal Bureau of Investigation conducted the investigation in this case. The U.S. Attorney’s Office, District of Arizona, Tucson, is handling the prosecution.
     

    CASE NUMBER:           CR-24-00927-JCH-MSA
    RELEASE NUMBER:    2024-027_Purandah, et al.

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.

    2024-027_Purandah, et al.

    MIL Security OSI –

  • MIL-OSI Security: Serial Bank Robber Sentenced to More Than Seven Years in Prison

    Source: US FBI

    TUCSON, Ariz. – James Valentine Siehien, 53, of Tucson, was sentenced on February 27, 2024, by United States District Judge Raner C. Collins to 87 months in prison, followed by five years of supervised release. Siehien pleaded guilty to one count of Bank Robbery and two counts of Armed Bank Robbery on March 16, 2023, for a series of bank robberies he committed in Tucson. 

    Siehien admitted that, on October 21, 2021, he robbed approximately $4,000 from Chase Bank. He also admitted that, on October 26, 2021, he robbed approximately $2,740 from PNC Bank, with what was later determined to be a fake explosive device. Siehien further admitted that, on November 5, 2021, while possessing an axe, he robbed approximately $2,200 from First Convenience Bank.

    The Federal Bureau of Investigation and the Tucson Police Department, as part of the Southern Arizona Violent Crime and Gang Task Force, conducted the investigation in this case. Assistant U.S. Attorney, Adam D. Rossi, District of Arizona, Tucson, handled the prosecution.
     

    CASE NUMBER:           CR-21-03071-TUC-RCC
    RELEASE NUMBER:    2024-029_Siehien

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.

    MIL Security OSI –

  • MIL-OSI Security: FBI Cleveland Seeks Public’s Assistance to Identify Individuals in Connection with ATM and U-Haul Heist

    Source: US FBI

    [Cleveland, OH] The FBI Cleveland Division is seeking the public’s assistance to identify three unknown subjects associated with the theft of the PNC ATM located at 7101 Broadway Avenue, Cleveland, and the theft of a 15’ U-Haul truck, (identified with a “Boats and Pennsylvania” mural on its side) in connection with the incident on June 9, 2024, between 2:48 a.m. until approximately 4:00 a.m.

    The three unknown subjects are described as:

    UNKNOWN SUBJECT 1:

    • Driver of the U-Haul
    • White male
    • Heavy build
    • Approximately 5’8” tall
    • Jeans, short-sleeved black shirt, and white head covering.

    UNKNOWN SUBJECT 2:

    • Male
    • Heavy build
    • Approximately 5’10″ tall
    • Wearing a Cleveland Guardians baseball cap, face covering, and sweatshirt (face covered).

    UNKNOWN SUBJECT 3:

    • White Male
    • Dark hair and facial hair
    • Thin build
    • Approximately 5’10” tall
    • Black t-shirt with Martian emblem, red sweatpants (face exposed).

    At approximately 2:48 a.m., unknown subjects 2 & 3 approached the ATM with an ax and pulled the ATM from the bank using a chain attached to the U-Haul. The unknown subjects abandoned the ATM pulled from the PNC Bank in the drive-thru lane shortly thereafter.

    The unknown subjects returned at 3:54 a.m. where they successfully hooked and dragged the ATM away from the bank. The ATM was dragged behind the U-Haul (South) on East 71st Street to (West) on Fleet Ave., to (North) on East 65th Street to (West) on Heisley Avenue to an abandoned lot. The ATM was recovered from the woods at the Mound Elementary School with an undetermined amount of money missing.

    Anyone with information is asked to contact the FBI confidentially at 1-877-FBI-OHIO. PNC bank is offering a reward of $5000 for information leading to the identification, arrest, and/or conviction the unknown subjects.

    MIL Security OSI –

  • MIL-OSI Security: International Investigation Leads to Shutdown of Ransomware Group

    Source: US FBI

    “Radar/Dispossessor” servers and domains successfully dismantled

    On August 12, FBI Cleveland announced the disruption of “Radar/Dispossessor”—the criminal ransomware group led by the online moniker “Brain”—and the dismantling of three U.S. servers, three United Kingdom servers, 18 German servers, eight U.S.-based criminal domains, and one German-based criminal domain.

    Since its inception in August 2023, Radar/Dispossessor has quickly developed into an internationally impactful ransomware group, targeting and attacking small-to-mid-sized businesses and organizations from the production, development, education, healthcare, financial services, and transportation sectors. Originally focused on entities in the United States, the investigation discovered 43 companies as victims of the attacks, from countries including Argentina, Australia, Belgium, Brazil, Honduras, India, Canada, Croatia, Peru, Poland, the United Kingdom, the United Arab Emirates, and Germany. During its investigation, the FBI identified a multitude of websites associated with Brain and his team.

    Ransomware is a type of malicious software, or malware, that encrypts data on a computer making it unusable. A malicious cybercriminal holds the data hostage until the ransom is paid. If the ransom is not paid, the victim’s data remains unavailable. Cybercriminals may also pressure victims to pay the ransom by threatening to destroy the victim’s data or to release it to the public.

    Radar Ransomware follows the same dual-extortion model as other ransomware variants by exfiltrating victim data to hold for ransom in addition to encrypting victim’s systems. Simply, the ransomware identifies and attacks new victims and, re-victimizes current victims.

    Radar/Dispossessor identified vulnerable computer systems, weak passwords, and a lack of two-factor authentication to isolate and attack victim-companies. Once the criminals gained access to the systems, they obtained administrator rights and easily gained access to the files. The actual ransomware was then used for encryption. As a result, the companies could no longer access their own data. Once the company was attacked, if they did not contact the criminal actor, the group would then proactively contact others in the victim company, either through email or phone call. The emails also included links to video platforms on which the previously stolen files had been presented. This was always with the aim of increasing the blackmail pressure and increasing the willingness to pay.

    Finally, the compromise was announced by the attackers on a separate leak page and a countdown set until public release of the victim data if no ransom was paid.

    As ransomware can have many variants, such as this case, the total number of businesses and organizations affected is yet to be determined. The FBI encourages those with information about Brain or Radar Ransomware—or if their business or organization has been a target or victim of ransomware or currently paying a criminal actor—to contact its Internet Crime Complaint Center at ic3.gov or 1-800-CALL-FBI. Your identity can remain anonymous.

    The investigation and joint takedown were conducted in conjunction with the the U.K.’s National Crime Agency, Bamberg Public Prosecutor’s Office, Bavarian State Criminal Police Office (BLKA), and U.S. Attorney’s Office for the Northern District of Ohio.

    MIL Security OSI –

  • MIL-OSI Security: January Federal Grand Jury 2024-B Indictments Announced

    Source: US FBI

    United States Attorney Clint Johnson today announced the results of the January Federal Grand Jury 2024-B Indictments.

    The following individuals have been charged with violations of United States law in indictments returned by the Grand Jury. The return of an indictment is a method of informing a defendant of alleged violations of federal law, which must be proven in a court of law beyond a reasonable doubt to overcome a defendant’s presumption of innocence.

    Bradley Andrew Friend. Coercion and Enticement of a Minor; Production of Child Pornography; Receipt and Distribution of Child Pornography; Possession of Child Pornography. Friend, 40, of Oologah, is charged with enticing and persuading a minor child to engage in sexual activity. He is further charged with producing, possessing, receiving, and distributing materials that depict the sexual abuse of children. The Homeland Security Investigations is the investigative agency. Assistant U.S. Attorney Stacey P. Todd is prosecuting the case. 25-CR-013

    Gary Syd Goldberg. Possession of Child Pornography. Goldberg, 76, of Mannford, is charged with possessing visual images and videos depicting the sexual abuse of children under 12 years old. The Oklahoma State Bureau of Investigation and the Mannford Police Department are the investigative agencies. Assistant U.S. Attorney Mallory Richard is prosecuting the case. 24-CR-253

    Shawn Ray Murnan. Bank Fraud (Counts 1 through 4); False Statements (Counts 5 through 8); Unlawful Monetary Transactions (Counts 9 through 14). Murnan, 56, of Windemere, Florida, is charged with fraudulently submitting 14 applications on behalf of his various businesses seeking more than $2.7 million in CARES Act Funds. Of those applications, Murnan received more than $1.6 million in PPP and EIDL loans. After receiving CARES Act funds, Murnan requested loan forgiveness. More than $1.3 million was forgiven. Two of the PPP loans were funded by a bank located within the NDOK. Each application submitted by Murnan contained false representations and inaccurate accounting regarding employees’ wages, including that he owned no other businesses. The FRB-CFPB Office of the Inspector General, the SBA Office of the Inspector General, and TIGTA are the investigative agencies. Assistant U.S. Attorneys David D. Whipple and Cheryl Baber are prosecuting the case. 25-CR-014

    Xavion Eugene Paggett. Attempted Bank Robbery; Felon in Possession of a Firearm and Ammunition. Paggett, 24, of Broken Arrow, is charged with using a firearm to rob a bank in Nov. 2024. He is further charged with possessing a firearm and ammunition, knowing he was previously convicted of felonies. The FBI and the Tulsa Police Department are the investigative agencies. Assistant U.S. Attorney Shakema M. Onias is prosecuting the case. 25-CR-012

    Anthony Clay Russell. First Degree Murder in Indian Country; Carrying, Using, Brandishing, and Discharging a Firearm During and in Relation to a Crime of Violence; Assault with a Dangerous Weapon with Intent to do Bodily Harm in Indian Country (superseding). Russell, 32, of Tulsa and a member of the Osage Nation, is charged with maliciously killing Tasha Shepard on Oct. 22, 2024. He is further charged with discharging a firearm during a crime of violence and intentionally assaulting a second victim with a dangerous weapon. The FBI and Tulsa Police Department are the investigative agencies. Assistant U.S. Attorneys Adam D. McConney and John Brasher are prosecuting the case. 24-CR-365

    Marcos Javier Suazo-Otero; Marcos Javier Suazo-Mancilla. Drug Conspiracy (Count 1); Possession of Methamphetamine with Intent to Distribute (Counts 2 and 3); Possession of Cocaine with Intent to Distribute (Count 4); Maintaining a Drug-Involved Premises (Counts 5 and 6); Unlawful Reentry of a Removed Alien (Count 7); Possession of Firearms in Furtherance of a Drug Trafficking Crime (Count 8); Alien Unlawfully in the United States in Possession of Firearms (Count 9) (superseding). Suazo-Otero, 46, and Suazo-Mancilla, 23, both Mexican nationals, are charged with conspiring to distribute methamphetamine from Jan. 2024 through Nov. 2024. They are further charged with maintaining a residence for drug distribution. Suazo-Otero knowingly possessed methamphetamine with intent to distribute and is additionally charged with unlawfully reentering the United States after having been previously removed in Aug. 2018. Lastly, Suazo-Mancilla knowingly possessed cocaine with intent to distribute, possessed firearms while drug trafficking, and knowingly did so while being an alien illegally in the United States. The Drug Enforcement Administration, the Tulsa Police Department, and the Tulsa County Sheriff’s Office are the investigative agencies. Assistant U.S. Attorney David A. Nasar is prosecuting the case. 24-CR-397

    MIL Security OSI –

  • MIL-OSI Security: Hot Springs Man Sentenced to 27 Months for Pandemic Funds Fraud

    Source: US FBI

                Hot Springs, Arkansas – David Clay Fowlkes, United States Attorney for the Western District of Arkansas, announced that on May 26, 2022, James Heritage, 39 of Hot Springs, Arkansas, was sentenced to 27 months in prison and ordered to pay $469,082.73 in restitution after pleading guilty to two counts relating to fraud committed against the United States Small Business Administration’s Paycheck Protection Program (PPP) and numerous state unemployment benefits administrators.

    According to plea documents in the case, Heritage applied for and received a PPP loan for $183,937.32, using falsified employee and payroll data.  In addition, Heritage applied for and received Pandemic Unemployment Assistance, a supplemental form of unemployment benefits, from thirty different states, by falsely representing to those states’ benefits administrators that he was eligible for the benefits.

    Both the Paycheck Protection Program and Pandemic Unemployment Assistance program are parts of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a federal law passed in March 2020, designed to provide emergency financial assistance to the millions of Americans who are suffering the economic effects caused by the COVID-19 pandemic.

    The case was investigated by the Department of Labor Office of the Investigator General, the Federal Bureau of Investigations, the United States Postal Inspection Service, and the Small Business Administration Office of the Inspector General. Assistant United States Attorney Hunter Bridges prosecuted the case for the United States.

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud.  The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts.  For more information on the Department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI –

  • MIL-OSI Security: Tigard Repeat Offender Sentenced to Federal Prison for Transporting a Victim Across State Lines for Illegal Sexual Activity and Laundering Proceeds Through a Bottled Water Company

    Source: US FBI

    PORTLAND, Ore.—A Tigard, Oregon man with a lengthy criminal history was sentenced to federal prison today for transporting an adult victim across state lines for illegal sexual activity and laundering the proceeds through a Portland-based bottled water company.

    Johnell Lee Cleveland, 42, was sentenced to 108 months in federal prison and seven years’ supervised release. He was also ordered to pay $32,115 in restitution to the Oregon Department of Employment. The sum of restitution Cleveland must pay to his adult victim will be determined at a later date.

    “In the summer of 2020, Johnell Cleveland received a rare early release from federal prison he could have used as an opportunity to chart a new path away from criminality. Unfortunately, he did the exact opposite, diving headfirst into a remarkable series of crimes,” said Steven T. Mygrant, Chief of the Narcotics and Criminal Enterprises Unit of the United States Attorney’s Office for the District of Oregon. “We thank the FBI, IRS, and PPB for their efforts in holding Cleveland accountable and securing this nine-year prison sentence.” 

    “Johnell Cleveland has demonstrated a flagrant disregard for the law,” said Douglas A. Olson, Special Agent in Charge of the FBI Portland Field Office. “Even after serving a prison term, Cleveland continued his chronic criminal behavior with money laundering, wire fraud, and transporting an adult victim for illegal sexual activity. The FBI, along with our partners, is dedicated to maintaining the safety of our communities, and with Cleveland behind bars, our community is more secure.”

    “30 days is long enough to form positive habits; it is also more than long enough to return to bad ones, as Mr. Cleveland unfortunately chose to do,” said Special Agent in Charge Adam Jobes, IRS Criminal Investigation (CI), Seattle Field Office. “Given a second chance, Mr. Cleveland did not choose to better himself. Instead, he proceeded to cause immense harm to the people and to the communities around him. This sentencing shows that CI, along with our partners in law enforcement, will bring justice to repeat offenders as many times as needed, as Mr. Cleveland is finding out today.”

    According to court documents, in July 2019, Cleveland was sentenced to 57 months in federal prison for distributing cyclopropyl fentanyl, possessing a machine gun and money laundering. In the summer of 2020, nineteen months before his original projected release date, Cleveland sought and was granted a compassionate release from prison based on health risks associated with the COVID-19 pandemic.

    Less than 30 days following his release from prison, Cleveland and an associate submitted a fraudulent insurance policy application for nine pieces of jewelry previously seized by law enforcement. Approximately four months after Cleveland and his associate were issued an insurance policy worth more than $100,000, his associate submitted a false burglary report to the Las Vegas Police Department claiming her Mercedes-Benz sedan and various personal property, including the nine pieces of insured jewelry, had been stolen. Seeking reimbursement, Cleveland quickly notified his insurance company of the purported jewelry theft.

    While his insurance fraud scheme was ongoing, in October 2020, Cleveland devised a separate scheme to fraudulently obtain COVID relief program funds. On October 14, 2020, he applied for Pandemic Unemployment Assistance (PUA) benefits for a five-month period beginning in April 2020, claiming he was unemployed because of the COVID-19 pandemic. In reality, Cleveland was unemployed during this time because he was in federal prison. Despite his false claims, Cleveland’s application was approved, and he began receiving PUA benefits.

    Investigators later learned that during this same time period, Cleveland transported for illegal sexual activity an adult woman he had, in August 2020, commenced a romantic relationship with. Cleveland told the woman that he needed money to get his business ventures off the ground and fund their future together. Over time, Cleveland became less friendly and more menacing toward the woman, demanding she travel frequently and engage in more commercial sex. Meanwhile, Cleveland kept all the money the woman earned and threatened her with various punishments he claimed to have used on other women, including locking her in a dog cage.

    To conceal and disguise the nature of his victim’s proceeds, Cleveland used the money to pay business expenses for the bottled water company, including costs for bottling and manufacturing, rental of corporate office space in Portland, merchandising, and a monthly retainer with a modeling agency.

    On November 3, 2021, Cleveland was arrested without incident in Portland. The same day, investigators seized Cleveland’s vehicle. A subsequent search of the vehicle resulted in the discovery of a secret compartment in the driver-side door that concealed a loaded handgun.

    On October 19, 2021, a federal grand jury in Portland returned an indictment charging Cleveland and his insurance fraud associate with conspiring to commit and committing wire fraud. Later, in on March 10, 2022, Cleveland was indicted a second time for sex trafficking by force, fraud, and coercion; illegally possessing a firearm as a convicted felon; and money laundering. 

    On February 4, 2024, Cleveland pleaded guilty to both counts of his fraud indictment and a three-count superseding criminal information charging him with transportation for illegal sexual activity, illegally possessing a firearm as a convicted felon, and money laundering.

    This case was investigated by the FBI, IRS CI, and the Portland Police Bureau Human Trafficking Unit. It was prosecuted by Peter Sax and Nicole Bockelman, Assistant U.S. Attorneys for the District of Oregon.

    If you or someone you know is in danger, please call 911. If you are a human trafficking victim or have information about a potential human trafficking situation, please call the National Human Trafficking Resource Center at 1-888-373-7888 or by texting 233733. Calls and texts are answered 24 hours a day, seven days a week.

    Human trafficking is a serious federal crime where individuals are compelled by force, fraud, or coercion to engage in commercial sex, labor, or domestic servitude against their will. Traffickers exploit and endanger some of the most vulnerable members of our society and cause unimaginable harm. In February 2022, Attorney General Merrick B. Garland launched a new national strategy to combat human trafficking that aims to prevent all forms of trafficking, prosecute trafficking cases, and support trafficking victims and survivors.

    MIL Security OSI –

  • MIL-OSI Asia-Pac: Winnie Ho concludes Paris visit

    Source: Hong Kong Information Services

    Secretary for Housing Winnie Ho concluded her visit to Paris, France, yesterday by meeting a representative of a social housing association, a renowned urban planner and government officials there.

     

    In the morning, Ms Ho met a representative of CDC Habitat, a social housing association in France, to learn more about the mode of operation, development strategies, and challenges of social housing there. She also devoted time to highlight Hong Kong’s situation and the various housing initiatives being implemented by the Housing Bureau.

     

    Ms Ho then visited an integrated residential and commercial community comprising social housing, which was transformed from the Olympic Athletes’ Village, to learn about sustainable urban development.

     

    While meeting a renowned urban planner, IAE Paris Sorbonne Business School Associate Professor Carlos Moreno, Ms Ho shared her vision and thoughts on sustainable urban planning and design.

     

    Prof Moreno put forward the urban planning concept of the “15-minute city”, which aims to enable residents in a community to meet their daily needs for food, clothing, housing and transport within a 15-minute walking or cycling distance and enhance environmental sustainability.

     

    Ms Ho pointed out that this coincides with the planning concept of the Housing Authority’s new public housing estates and cited Queen’s Hill Estate as an example, demonstrating the planning of a resident-oriented, self-sufficient community that embraces cultural heritage and blends with nature to create a sustainable community. Prof Moreno expressed his wish to have the opportunity to visit Hong Kong in the future.

     

    In the evening, Ms Ho met Advisor to the Mayor on housing, urban planning, architecture, land development Renaud Paque, and Director of Housing & Habitat Doan Lebel to exchange views on public housing policies and experiences on sustainable urbanisation and urban planning concepts.

     

    Concluding the trip, Ms Ho stated that this visit tied in with the Housing Bureau’s Housing•I&T initiative this year, introducing the latest developments of advanced technology companies from Hong Kong and the Mainland in the areas of construction technologies, public housing, green building, etc, as well as demonstrating to the world the application of technologies such as Modular Integrated Construction and construction robots that help enhance construction efficiency and safety.

     

    The housing chief emphasised that the Government will actively make reference to overseas experiences on decarbonisation and energy-saving technologies, and fully capitalise on Hong Kong’s unique advantages, reinforce connectivity, and play the role as a “super connector” and a “super value-adder”.

     

    “I expect that the two cities will maintain liaison and strengthen exchanges in areas such as innovative building technologies, public housing construction, green buildings, well-being communities, and enhancing the housing ladder to give new impetus to public housing construction,” Ms Ho added.

    MIL OSI Asia Pacific News –

  • MIL-OSI: VIRTUNE ACCELERATES EUROPEAN EXPANSION WITH XRP ETP DEBUT ON DEUTSCHE BÖRSE XETRA

    Source: GlobeNewswire (MIL-OSI)

    Frankfurt, 23 May 2025 – Swedish regulated crypto asset manager Virtune brings its flagship Virtune XRP ETP to Germany’s premier trading venue Deutsche Börse Xetra, extending its regulated digital asset offerings to Europe’s largest economy.

    With strong traction and consistent inflows across the Nordic region – driven by growing interest and adoption of crypto – expanding into Germany through the listing on Xetra marks a strategic milestone for Virtune. Since its inception in May 2023, Virtune has experienced rapid growth in the Nordics, listing 16 products and attracting over 140,000 investors in just two years.

    The key success factors have been Virtune’s educational focus, transparent market approach, and regulated status. This expansion not only responds to growing investor interest but also strengthens Virtune’s presence across the European market.

    Virtune XRP ETP is a 100% physically backed investment product, providing investors with secure, regulated, and easy exposure to XRP, one of the globally leading crypto assets. Virtune XRP ETP was initially listed on Nasdaq Stockholm in Sweden in July 2024 and has since attracted over 50,000 investors and more than USD 125 million in assets under management, making it the most popular ETP in Virtune’s product suite. Coinbase serves as the product’s crypto custodian, providing institutional-grade security with the underlying XRP held in cold storage.

    Virtune has actively listed ETPs on Nasdaq Stockholm, Nasdaq Helsinki, and other regulated European markets. Its goal is to provide seamless access to crypto assets through regulated ETPs, with a strong focus on transparency, education, and investor protection – ultimately driving crypto adoption among both retail and institutional investors.

    Christopher Kock, CEO of Virtune:

    “We are proud to launch our XRP ETP on Xetra and expand our footprint in Germany. XRP has long been one of the most actively traded and recognized digital assets globally, and our physically backed ETP provides a robust and secure way to gain exposure to it. This listing underscores our commitment to broadening access to crypto assets across Europe.”

    Key Product Information:

    – Exposure to XRP
    – 100% physically backed by XRP
    – 1.49% annual management fee

    Virtune XRP ETP:

    – Trading Currency: EUR
    – First Day of Trading: Friday, 23rd of May 2025
    – Xetra Exchange Ticker: VRTX
    – Bloomberg Ticker: VIRXRP
    – ISIN: SE0021486156
    – WKN: A4AKW5
    – Exchanges: Deutsche Börse Xetra, Nasdaq Stockholm, Nasdaq Helsinki

    For further inquiries, please contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Mobile: +46 70 073 45 64
    Email: christopher@virtune.com

    About Virtune AB (Publ):

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network –

  • MIL-OSI Security: Brazilian Man Charged with Making Extortionate Threats to Publicize Stolen Data Obtained by Unlawful Computer Intrusion

    Source: US FBI

    Newark, N.J. – A citizen and resident of Brazil was charged with making extortionate threats to publicize data stolen from the Brazilian subsidiary of a New Jersey company, U.S. Attorney Philip R. Sellinger announced.

    Junior Barros De Oliveira, 29, of Curitiba, Brazil was charged with four counts of extortionate threats involving information obtained from protected computers in violation of Title 18, United States Code, Section 1030(a)(7)(B) and four counts of threatening communications in violation of Title 18, United States Code, Section 875(d) in an indictment unsealed today in Newark federal court.

    According to the Indictment:

    In March 2020, De Oliveira gained unauthorized access and exceeded authorized access to the computer systems of Victim 1-Brazil, the Brazilian subsidiary of a New Jersey company.  Exploiting this access, De Oliveira obtained confidential customer information relating to approximately 300,000 customers of Victim 1-Brazil.  In September 2020, De Oliveira began contacting U.S. representatives of Victim 1, including its CEO, in an attempt to extort money from Victim 1-Brazil.  De Oliveira demanded over approximately $3,000,000 in Bitcoin in exchange for keeping the stolen data confidential and not publicizing it.

    Each of the four counts of making extortionate threats in relation to information obtained from protected computers carry a maximum prison term of 5 years, and a maximum fine of $250,000 or twice the value of any gain or loss, whichever is greater.  Each of the four counts of threatening communications carry a maximum prison term of 2 years, and a maximum fine of $250,000 or twice the value of any gain or loss, whichever is greater.

    U.S. Attorney Sellinger credited special agents of the Federal Bureau of Investigation (“FBI”)’s Newark Field Office, under the direction of Acting Special Agent in Charge Nelson I. Delgado.

    The government is represented by Assistant U.S. Attorney David E. Malagold of the Cybercrime Unit in Newark.

    The charges and allegations contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –

  • MIL-OSI Security: Chief Science Officer of Publicly Traded Health Care Company Charged for Insider Trading Scheme Utilizing 10b5-1 Trading Plans

    Source: US FBI

    Second Indictment Stemming from Fraud Section’s Data-Driven Initiative to Identify 10b5-1 Trading Plan Abuses

    Note: View a copy of the indictment here.

    An indictment was unsealed today charging a former U.S. citizen with engaging in an insider trading scheme involving the stock of Humanigen Inc., a publicly traded biopharmaceutical company. Dale Chappell, 54, who was formerly the chief scientific officer and member of the Board of Directors of Humanigen, was arrested on Dec. 20 in Switzerland based on the U.S. criminal charges. The United States will seek Chappell’s extradition to stand trial in the District of New Jersey.

    According to court documents, between June and August of 2021, Chappell avoided more than $38 million in losses by selling millions of shares of Humanigen stock while in possession of material nonpublic information about Humanigen’s application to the Food and Drug Administration (FDA) for approval of a drug to treat COVID-19 called Lenzilumab. Chappell — who sold the Humanigen shares through funds that he controlled — is alleged to have engaged in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Humanigen stock.

    The indictment alleges that, in March 2021, Humanigen announced that it planned to seek emergency use authorization (EUA) for Lenzilumab. However, between April and May 2021, FDA staff allegedly informed Humanigen that Humanigen was unlikely to meet the criteria for issuance of an EUA. As alleged, knowing that this information was not disclosed publicly by Humanigen, Chappell sold the funds’ Humanigen stock, and later also implemented Rule 10b5-1 plans to trade more Humanigen stock holdings. After Humanigen publicly announced that the FDA had declined EUA approval for Lenzilumab, Humanigen’s stock price declined approximately 50%.

    Chappell is charged with one count of engaging in a securities fraud scheme and four counts of securities fraud for insider trading. If convicted, he faces a maximum penalty of 25 years in prison on the securities fraud scheme charge and 20 years in prison on each of the insider trading charges. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The case is part of a data-driven initiative led by the Criminal Division’s Fraud Section to identify executive abuses of 10b5-1 trading plans. Chappell’s alleged trading was identified by the Fraud Section through its data-analytics tools. A Rule 10b5-1 trading plan, which allows a corporate insider of a publicly traded company to set up a plan for selling company stock, can offer an executive a defense to insider-trading charges. However, the defense is unavailable if the executive is in possession of material nonpublic information at the time he or she enters into the 10b5-1 trading plan. Additionally, a plan does not protect an executive if the trading plan was not entered into in good faith or was entered into as part of an effort or scheme to evade the prohibitions of Rule 10b5‑1.

    Principal Deputy Assistant Attorney General Brent Wible, head of the Justice Department’s Criminal Division; U.S. Attorney Philip R. Sellinger for the District of New Jersey; and Assistant Director Chad Yarbrough of the FBI’s Criminal Investigative Division made the announcement.

    The FBI is investigating the case. The Justice Department’s Office of International Affairs is handling the request for Chappell’s extradition.

    Trial Attorneys David Austin and Matthew Reilly of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Katherine Romano for the District of New Jersey are prosecuting the case.

    An indictment 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: Trussville Man Charged in Multi-Million-Dollar Kickback and Health Care Fraud Case

    Source: US FBI

    BIRMINGHAM, Ala. – Another individual has been charged in a series of related cases involving multi-million-dollar health care fraud conspiracies, announced U.S. Attorney Prim F. Escalona, Federal Bureau of Investigation Special Agent in Charge Carlton L. Peeples, and U.S. Department of Health and Human Services, Office of Inspector General, Special Agent in Charge Tamala E. Miles. 

    A federal grand jury yesterday week returned a five-count indictment against John Alan Robson, 40, of Trussville, on charges of health care fraud conspiracy, kickback conspiracy, and kickbacks. According to the indictment, Robson was a sales rep who marketed to doctors’ offices various health care products and services, including prescription drugs from specialty pharmacies, durable medical equipment (DME), and electro-diagnostic testing. Robson was paid fees for the prescriptions, DME, and tests he generated from doctors. From at least 2014 through 2018, Robson allegedly conspired with others to pay and receive kickbacks to induce medical providers to issue medically unnecessary prescriptions and order medically unnecessary goods and services, which were then billed to Medicare and other health insurers.

    One of those services was electro-diagnostic testing provided by a Huntsville-based electro-diagnostic testing company called QBR, or Diagnostic Referral Community. Robson received per-patient payments from QBR for inducing medical providers to order tests from QBR. According to the indictment, medical providers received payments from QBR too; the payments were disguised as hourly payments for the ordering physician’s time and staff’s time, but in reality they were per-patient kickbacks.

    The case against Robson is related to several other cases that have resulted in convictions in the last year. Dr. Eric Beck, 64, of Huntsville, pleaded guilty last year to health care fraud conspiracy for his role in the QBR scheme. John Hornbuckle, 53, of Huntsville, pleaded guilty to health care fraud and kickback conspiracy offenses for his role, as QBR’s CEO, in orchestrating the fraud. James Ewing Ray, 52, of Gadsden, pleaded guilty to health care fraud and kickback conspiracy for his role as a sales rep who marketed QBR’s scheme to medical practices and received kickbacks per test ordered.

    Early last year, a jury convicted Dr. Mark Murphy, 65, and his wife Jennifer Murphy, 66, both of Lewisburg, Tennessee, of drug distribution, fraud, and kickback crimes. The Murphys operated North Alabama Pain Services, which closed its Decatur and Madison offices in early 2017. According to court documents and evidence presented at trial, the Murphys took kickbacks from QBR of more than a million dollars. In return, Dr. Murphy ordered electro-diagnostic tests from QBR for his patients, regardless of whether there was a medical need for those tests. Dr. Murphy also pre-signed prescriptions for expensive specialty topical creams, sprays, and patches, which patients then received whether they wanted the products or not. Before the Murphys went to trial, a co-defendant, Brian Bowman, 42, of Gadsden, pleaded guilty to health care fraud conspiracy. According to Bowman’s plea agreement, Bowman marketed QBR’s electro-diagnostic testing to medical providers, and was paid a fee for each test they ordered. Bowman received nearly a million dollars in fees from QBR. Bowman also marketed high-reimbursing specialty prescription drugs to the Murphys and other providers and received payments for the prescriptions he generated.

    Beck, Hornbuckle, Ray, Mark Murphy, Jennifer Murphy, and Bowman are all awaiting sentencing. Other co-conspirators have already been sentenced.

    The maximum penalty for conspiracy to commit health care fraud is ten years in prison; the maximum penalty for conspiracy to receive kickbacks is five years in prison; each kickback count also carries up to ten years.

    The FBI and HHS-OIG investigated the case, and Assistant U.S. Attorneys J.B. Ward and Don Long are prosecuting it. 

    An indictment contains only charges.  Each defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –

  • MIL-OSI Security: Medical Billing Company Owner Pleads Guilty to Health Care Fraud

    Source: US FBI

    ALBANY, NEW YORK – Scott Newcombe, age 40, of Plattsburgh, New York, pled guilty today to health care fraud. 

    United States Attorney Carla B. Freedman; Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI); and Naomi Gruchacz, Special Agent in Charge, U.S. Department of Health and Human Services, Office of Inspector General (HHS-OIG), New York Regional Office, made the announcement.

    Newcombe admitted that from approximately April 2020 through April 2023, he acted as the office manager and health care claims biller for two physicians’ practices in Plattsburgh through a company that he formed called SJ Healthcare Management Services, LLC (SJHMS).  SJHMS charged a fixed monthly fee under which Newcombe performed various management, administrative, and billing services for the practices.  He admitted that he submitted false and fraudulent claims to public and private insurers on behalf of those practices for services that, in some instances, were never provided and, in other instances, were provided at lower reimbursement rates than the amounts billed.  For example, Newcombe admitted that he submitted claims to insurers for medical procedures that were purportedly performed by a provider on him but which, in fact, never occurred. 

    Newcombe is scheduled for sentencing on February 28, 2025.  He faces up to 20 years in prison and a term of post-imprisonment supervised release of up to 3 years.  A defendant’s sentence is imposed by a judge based on the statute the defendant violated, the U.S. Sentencing Guidelines, and other factors.

    The FBI and HHS investigated this case.  Assistant U.S. Attorneys Michael D. Gadarian and Adam J. Katz are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Alaska Couple Charged in $700,000 Investment Fraud Scheme Based on Fictitious Alaska Marijuana ‘Bud and Breakfast’

    Source: US FBI

    FAIRBANKS – A federal grand jury in Alaska returned an indictment charging a husband and wife from Delta Junction, Alaska, with conspiracy and wire fraud for perpetrating a years’ long scheme that defrauded nearly two-dozen investors out of over $700,000 dollars.

    According to court documents, from 2017 until 2020, Brian Keith Corty, 52, and his wife Candy Corty, 47, used false and fraudulent claims to solicit investors to buy shares of stock in Ice Fog Holdings, LLC, a company purportedly established to grow, extract, develop, manufacture, and sell products in the medical and recreational marijuana markets in Alaska and other future markets. The defendants purchased the Midway Lodge along the Richardson Highway near Delta Junction, Alaska, and represented to investors that their money would be used to turn it into a “Bud and Breakfast” that would be a “marijuana theme park” and include glass ceilings so Ice Fog’s customers could lie in bed and watch the northern lights. Defendants also represented that they would grow, cultivate, and sell marijuana from the location.

    The defendants and their co-conspirators made numerous material misrepresentations to Ice Fog investors, including that Ice Fog was already generating income via contracts for security services, that Ice Fog would make over $3.85 million in annual sales by year one; over $13.05 million in annual sales by year two; and over $23.24 million by year three with an expected return to investors of 30 times their initial investment. The defendants also represented that inspectors from the Alaska Marijuana Control Office had performed inspections on the Midway Lodge to create the impression that their application to become a licensed marijuana grow and dispensary was in the final stages of approval. Defendants made these representations while knowing that Ice Fog had no meaningful current or prospective revenue stream and little to no prospect to obtain a license from the Alaska Marijuana Control Office.

    Over the course of the scheme, the defendants caused at least 22 individuals to invest in Ice Fog, and raised approximately $722,000 dollars through the sale of “shares” in Ice Fog Holdings, the majority of which the defendants misappropriated for their own personal use.

    U.S. Attorney S. Lane Tucker of the District of Alaska made the announcement.

    The Federal Bureau of Investigation is investigating this case with assistance from investigators at the Alaska Department of Law. Assistant U.S. Attorneys Ryan Tansey and Tom Bradley for the District of Alaska are prosecuting the case.

    An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • PM Modi inaugurates Rising North East Investors Summit 2025

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi inaugurated the Rising North East Investors Summit 2025 at Bharat Mandapam in New Delhi today, reaffirming the government’s commitment to the holistic development of the North Eastern region. Addressing a gathering of dignitaries, industry leaders, and stakeholders, the Prime Minister expressed pride and confidence in the region’s vibrant future.
     
    Welcoming participants to the summit, the Prime Minister recalled the recently held Ashtalakshmi Mahotsav at the same venue, saying that today’s event is not just a meeting of minds but a celebration of investment and opportunity in the Northeast.
     
    Highlighting the enthusiastic participation of industry leaders, PM Modi praised the collaborative efforts of ministries and state governments in creating an investor-friendly environment. “The presence of so many industry leaders reflects the growing interest in the Northeast’s potential,” he said, extending his best wishes to all stakeholders involved.
     
    Describing India as the world’s most diverse country, the Prime Minister said that the Northeast represents the most diverse part of this diversity. He underlined the region’s strengths across sectors—trade, tradition, textiles, and tourism—and identified it as a hub of bio-economy, bamboo, tea, petroleum, sports, skill development, eco-tourism, organic products, and energy.
     
    Referring to the Northeast as Ashtalakshmi, symbolising prosperity and opportunity, he said that each Northeastern state is now asserting itself as ready for investment and leadership.
     
    Underscoring the strategic importance of Eastern India in the mission to build a Viksit Bharat (Developed India), the Prime Minister said, “For us, EAST is not just a direction—it is a vision: Empower, Act, Strengthen, and Transform. This is the guiding framework of our policy for Eastern India.”
     
    The Prime Minister also highlighted the transformation witnessed in the Northeast over the past 11 years. He stressed that this progress is not confined to statistical achievements but is visible in real, on-ground development. He said the government’s engagement with the region goes beyond policy—it is rooted in an emotional connection with its people.
     
    “Infrastructure projects in the region are not just about roads and bridges; they are about emotional connectivity,” he said.
     
    He further stated that the government’s transition from a “Look East” to an “Act East” policy has brought tangible results. “The Northeast was once seen as a frontier region; today, it is emerging as a front-runner in India’s growth story,” the Prime Minister concluded.
     
    The Rising North East Investors Summit 2025 is a two-day event being held on May 23 and 24. The agenda for the two-day summit includes ministerial sessions, Business-to-Government (B2G) and Business-to-Business (B2B) meetings, and a dedicated exhibition zone. 
     
    Key sectors identified for focused investment promotion include Tourism and Hospitality, Agro-Food Processing and allied industries, Textiles, Handloom and Handicrafts, Healthcare, Education and Skill Development, IT and IT-enabled Services, Infrastructure and Logistics, Energy, as well as Entertainment and Sports.

  • MIL-OSI United Kingdom: Economists launch free toolkit to help thyroid sufferers stay in work Workers suffering from thyroid conditions can get help to reclaim their professional lives through a new free toolkit which provides practical advice for them and their employers.

    Source: University of Aberdeen

    Posing serious implications for the physical, mental and emotional life of those affected, thyroid conditions put patients at a greater risk of experiencing long-term sick leave and impaired working ability.

    Workers suffering from thyroid conditions can get help to reclaim their professional lives through a new free toolkit which provides practical advice for them and their employers.
    Thyroid disorders affect millions of people worldwide. In the UK, one in 20 people have a thyroid problem, with women disproportionately impacted. Posing serious implications for the physical, mental and emotional life of those affected, thyroid conditions put patients at a greater risk of experiencing long-term sick leave and impaired working ability.
    Beyond a physical and emotional toll, the conditions often come with hidden consequences for careers and workplace engagement.
    Launched to mark World Thyroid Day on May 25, the new Thyroid Workplace Toolkit is believed to be the first of its kind, supporting both employees and employers/line managers though evidence-based insights and practical resources.
    Developed by researchers at the University of Aberdeen’s Business School with input from national charity the Thyroid Trust, the toolkit is now being made openly available. A large local authority in England has already agreed to adopt it.
    “The effects of thyroid dysfunctions don’t stop at the doctor’s door, they extend into the workplace, influencing productivity, career progression and overall wellbeing. Many employees struggle silently, unsure of how to communicate their needs or seek adjustments that could help them overcome the challenges posed by the condition,” said Professor Catia Montagna of the University’s Centre for Labour Market Research.
    “Our toolkit is designed to bridge this gap by fostering awareness, encouraging open conversations and providing practical solutions to support those living with thyroid conditions at work.”

    We’re proud to have collaborated with the University of Aberdeen Business School and others to develop this much needed Workplace Toolkit which we believe will make a real difference to both employees and employers, as well as educational settings.” Louise Sellar, Director at The Thyroid Trust

    It is built around three objectives: to raise awareness and educate both employers and employees about how the condition can impact work performance and wellbeing; to empower open communications and help foster an environment where health conversations are welcomed and supported; and to provide a range of practical workplace adjustments that employers can implement.
    “Understanding thyroid disease and its impact on employees is essential for fostering an inclusive and supportive workplace. By offering reasonable adjustments, cultivating a culture of empathy, and promoting overall wellbeing, employers can empower individuals with thyroid conditions to thrive both personally and professionally,” added Centre director Professor Alexandros Zangelidis.
    “This toolkit aims to help with this, improving employees’ morale and engagement, reducing sick leave and enhancing productivity and performance.”
    Louise Sellar, Director at The Thyroid Trust, said: “We’re proud to have collaborated with the University of Aberdeen Business School and others to develop this much needed Workplace Toolkit which we believe will make a real difference to both employees and employers, as well as educational settings.
    “Thyroid disease is often an invisible chronic illness, and many patients struggle with feeling isolated or misunderstood. Symptoms can be easily dismissed and people often don’t know how to talk to their employer for fear of being judged or even losing their job. This leaves too many without the support they need to stay well and contribute fully at work.
    “This toolkit provides a vital bridge-helping to open up those conversations, raise awareness and empower patients to remain active, engaged and productive in the workplace. It’s a critical step forward in ensuring those living with thyroid disease are better supported at work and beyond.
    “We hope this resource encourages more understanding, compassion and flexibility – because when patients are supported properly, everyone benefits.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Topping out ceremony marks milestone for affordable homes in Marston 

    Source: City of Oxford

    A traditional topping out ceremony has marked a major milestone in the construction of 40 new affordable homes in Marston. 

    The low-carbon development will be delivered in partnership by Oxford City Council’s housing company, OX Place, and Lucy Developments.  

    Representatives from the organisations gathered this week to celebrate the reaching the highest point of development at the former paddock off Butts Lane in Old Marston.  

    An ancient tradition 

    Topping out is a long-standing tradition in the construction industry, with roots going back to Saxon times, celebrating a building reaching its highest point. In keeping with tradition, a yew tree branch, a symbol of growth and prosperity, was fixed in place at the top of Marston Paddock. 

    Affordable and sustainable homes for Oxford 

    Due for completion in Autumn 2025, Marston Paddock will offer 40 affordable homes. This includes 21 council homes let at social rent for people on the housing register and 19 shared ownership homes. 

    Social rent levels mean council tenants will typically pay around 40% of the rent a private landlord would charge for the same home. Shared ownership is a flexible option which helps a range of people onto the housing ladder in one of the UK’s most unaffordable cities.  

    The new homes have been designed to go 56% beyond national carbon reduction targets, using a fabric-first approach, air source heat pumps, and mechanical ventilation heat recovery. 

    The development promotes sustainable travel with secure cycle storage, electric vehicle charging, and a new cycle link to the A40 path. 

    Comment 

    “Topping out is a proud moment in any development and it’s brilliant to celebrate this milestone at Marston Paddock. This is a beautiful, sustainable development that will deliver 40 genuinely affordable homes for people in Oxford who need them most.” 

    Councillor Nigel Chapman, Cabinet Member for Citizen Focused Services and Council Companies 

    “OX Place is proud to be working with Lucy Developments to deliver these much-needed homes. From affordability to sustainability, Marston Paddock shows what’s possible when we build with people and the planet in mind.” 

    Kevin Lowry, Interim Managing Director, OX Place 

    “We’re proud to be partnering with OX Place on a project that demonstrates how quality, sustainability, and affordability can go hand in hand. Reaching this milestone at Marston Paddock is a testament to the shared commitment of our teams to deliver homes that will have a lasting positive impact on the community and environment.” 

    Greg Hilton, Head of Lucy Developments 

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Business leaders: MBA students graduated from the State University of Management

    Translation. Region: Russian Federal

    Source: State University of Management – Official website of the State –

    On May 21, 2025, the Higher School of Business and Technology of the State University of Management hosted the graduation of students of the Master of Business Administration (MBA) program. For the State University of Management, this is already the 57th graduation of students of the MBA program.

    The MBA program of the State University of Management is aimed at developing management competencies, strategic thinking and decision-making skills. The target audience of the MBA program is business owners, entrepreneurs working on expanding their business and entering new markets, top and middle managers. The MBA program is based on the principles of developing management skills, forming new interaction chains, developing new technological solutions, flexible response and introducing new knowledge. The main focus of the MBA program is the joint development of applied business solutions by the best practitioners in their industry, faculty and students. It is on this paradigm that the practice of training at the Higher School of Business and Technology of the State University of Management is based.

    The graduates highly appreciated the quality of the program, the organization of the educational process, thanked the entire university staff for the knowledge, skills and abilities they had received, and received MBA diplomas. Over the two years of study, MBA students studied various disciplines reflecting the practical foundations of organizing and running a business, managing a modern organization, managing finances, marketing and human resources, strategic management and change management, digital transformation of business, personal development of managers, and various business technologies.

    With the completion of the MBA program, graduates begin a new interesting chapter in their lives, associated not only with professional and personal growth, but also with a significant increase in income. And, according to tradition, having thrown their confederate caps into the sky from the steps of the main academic building of the State University of Management, the graduates of the MBA program made their wishes.

    The staff of the State University of Management wishes each graduate professional achievements, personal growth and sincerely hopes to meet again – on other programs and joint projects.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Russia: G7 finance ministers call for solidarity in tackling global challenges

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    OTTAWA, May 23 (Xinhua) — Finance ministers and central bank governors of the Group of Seven (G7) countries called for unity to address current global challenges on Thursday following their annual meeting in Banff, Canada.

    According to a press release from the Department of Finance Canada, a communiqué was issued following the meeting, stressing the importance of G7 unity in the face of complex global challenges.

    The meeting of finance ministers and central bank governors took place ahead of the June G7 summit in Kananaskis, Alberta, Canada. The participants had productive and frank discussions on the global economy, unsustainable global imbalances, development assistance and productivity, the press release said.

    “Canada approaches this 50th meeting with clear priorities, such as stimulating growth and restoring stability to the global economy,” said Finance Minister Francois-Philippe Champagne.

    The G7 is an informal grouping of major global economies designed to coordinate responses to global crises. It includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

    The Group of Seven finance ministers and central bank governors meet annually to discuss key economic policy issues. –0–

    MIL OSI Russia News –

  • MIL-OSI Economics: Joint Statement of the Special AEM-Closer Economic Relations (CER) Consultation

    Source: ASEAN – Association of SouthEast Asian Nations

    1. The Special AEM-Closer Economic Relations (CER) Consultation was held on 20 May 2025 via videoconference. The Consultation was co-chaired by H.E. Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry of Malaysia; Senator the Honourable Don Farrell, Minister for Trade and Tourism, Australia; and the Honourable Todd McClay, Minister for Trade and Investment, New Zealand. The Meeting also welcomed the participation of H.E. Filipus Nino Pereira, Minister of Commerce and Industry, Democratic Republic of Timor-Leste as an observer.
     
    2. The Meeting exchanged views on recent regional and global economic developments and their implications for trade, investment, and economic integration, and discussed ways to strengthen ASEAN-CER economic partnership amid the emerging global economic landscape.
     
    Download the full statement here
    The post Joint Statement of the Special AEM-Closer Economic Relations (CER) Consultation appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Joint Statement of The Special AEM-METI Consultation

    Source: ASEAN – Association of SouthEast Asian Nations

    1. The Special ASEAN Economic Ministers- Ministry of Economy, Trade and Industry (AEM-METI) Consultation was held on 20 May 2025 virtually. The Consultation was co-chaired by H.E. Tengku Datuk Seri Utama Zafrul Aziz, Minister of Investment, Trade and Industry of Malaysia, and H.E. Muto Yoji, Minister of Economy, Trade and Industry, Japan. The Meeting also welcomed the participation of H.E. Filipus Nino Pereira, Minister of Commerce and Industry, Democratic Republic of Timor-Leste as an observer.
     
     
    2. The Meeting expressed our deepest condolences to the people of Myanmar and Thailand for the tragic loss caused by the devastating earthquake on 28 March 2025. The Meeting extended heartfelt thoughts to the affected communities during this difficult time, and we stand in solidarity with them as they recover and rebuild.
     
    Download the full statement here.
    The post Joint Statement of The Special AEM-METI Consultation appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Security: Tuscaloosa Man Sentenced to Seven Years on COVID-19 Program Fraud Charges

    Source: US FBI

    BIRMINGHAM, Ala. – A federal judge today sentenced a Tuscaloosa man for defrauding the Small Business Administration’s Paycheck Protection Program (PPP), announced U.S. Attorney Prim F. Escalona and Federal Bureau of Investigation  Acting Special Agent in Charge Felix A. Rivera-Esparra. 

    Chief U.S. District Court Judge L. Scott Coogler sentenced Quincy T. Doss, age 41, to 60 months in prison for the underlying PPP loan fraud and an additional 24 months for having committed the offense while on supervised release for other unrelated federal crimes.   Doss will serve his terms consecutively, resulting in a total custodial sentence of 84 months followed by three years of supervised release.  Doss pleaded guilty to wire fraud in June 2022. 

    According to the plea agreement, between April 2021 and November 2021, Doss submitted false and fraudulent PPP loan applications and received two separate PPP loans totaling more than $220,000.  In the loan applications, Doss falsely represented that his business was in operation and had employees for whom it paid salaries, that the funds would be used to retain workers, and that the information provided in the loan applications was true and accurate. 

    “The defendant defrauded a program intended to assist small business owners and their hard-working employees who suffered as a result of the COVID-19 pandemic,” U.S. Attorney Escalona said.  “My office remains committed to investigating, prosecuting, and seeking stiff custodial sentences for those who took advantage of a national crisis to line their own pockets.” 

    “Greed drove Doss to enrich himself by defrauding a government program intended to provide relief  and ease the pain of COVID-19 economic restraints on working Americans,” Acting SAC Rivera said. “The sentence handed down today should serve as a message that the FBI and our partners will not relent in holding accountable those who exploit the PPP and other federal programs for personal gain.”

    FBI investigated the case.  Assistant U.S. Attorney Jonathan “Jack” Harrington prosecuted the case. 

    Throughout the country, federal, state, and local law enforcement are on high alert to investigate reports of individuals and businesses engaging in a wide range of fraudulent and criminal behavior related to coronavirus assistance programs.  For more information about these scams visit https://www.justice.gov/coronavirus/combatingfraud.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI –

  • MIL-OSI Security: Assault on Border Patrol Agents Results in Lengthy Sentence

    Source: US FBI

    TUCSON, Ariz. – Jorge Zazueta-Miranda, 51, of Agua Prieta, Sonora, Mexico, was sentenced last week by United States District Judge Rosemary Márquez to 90 months in prison. The sentence is to run consecutive to a previous Illegal Re-Entry of a Removed Alien conviction and sentence from New Mexico. Zazueta-Miranda pleaded guilty to Assault on a Federal Officer with a Dangerous Weapon on June 23, 2023.

    On April 1, 2020, U.S. Border Patrol agents near Douglas observed two yellow, cloned “construction” trucks with construction company logos on the sides. Agents stopped one truck, which contained 19 undocumented non-citizens. The second truck, driven by Zazueta-Miranda, failed to stop and sped up. Zazueta-Miranda drove at high speeds through the city of Douglas to the airport area, then continued along the border road into the rugged desert area. A Border Patrol agent attempted to intercept the truck, but Zazueta-Miranda deliberately turned towards the agent’s vehicle and collided with it striking the rear quarter panel. Zazueta-Miranda backed up and then drove towards a break in the U.S. border wall, striking a second agent’s vehicle. Zazueta-Miranda and several undocumented non-citizens jumped out of the truck and fled through the break in the border wall, successfully fleeing into Mexico. Agents recovered a latent print from the driver’s side door belonging to Zazueta-Miranda. A witness, who had been abandoned in the second cloned construction truck, identified Zazueta-Miranda, by a photo, as the driver, and an arrest warrant was issued. Almost two years later, on February 9, 2022, Zazueta-Miranda was arrested in New Mexico after being caught near the New Mexico – Mexico border.

    The Federal Bureau of Investigation, Sierra Vista field office, with assistance from Customs and Border Protection’s United States Border Patrol, conducted the investigation in this case. Assistant U.S. Attorneys Serra M. Tsethlikai and Evan N. Wesley, District of Arizona, Tucson, handled the prosecution.
     

    CASE NUMBER:           CR-22-00681-TUC-RM
    RELEASE NUMBER:    2023-206_Zazueta-Miranda

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on Twitter @USAO_AZ for the latest news.

    MIL Security OSI –

  • MIL-OSI Security: Serial Bank Robber Sentenced to 109 Months

    Source: US FBI

    PHOENIX, Ariz. – Vivian A. Earle, 42, of Phoenix, was sentenced yesterday to 109 months in prison by United States District Judge G. Murray Snow. Earle was convicted on five counts of Bank Robbery by a jury on June 30, 2023.

    Between April and August of 2019, while in Phoenix, Earle robbed five banks, including Wells Fargo, Chase, and Bank of America, taking over $34,000. After the last robbery, a bank customer followed Earle’s vehicle from the parking lot and called 911. Phoenix Police responded and followed Earle until they apprehended him.  

    The Federal Bureau of Investigation and the Phoenix Police Department conducted the investigation in this case. Assistant United States Attorneys Gayle Helart and Anthony Church, District of Arizona, Phoenix, handled the prosecution.
     

    CASE NUMBER:           CR-19-01121-PHX-GMS
    RELEASE NUMBER:    2023-207_Earle

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on Twitter @USAO_AZ for the latest news.

    MIL Security OSI –

  • MIL-OSI Security: Serial Bank Robber Arrested After String of Robberies

    Source: US FBI

    PHOENIX, Ariz. – Justin Eric Lindsay, 28, was arrested Saturday morning by the Federal Bureau of Investigation for a string of bank robberies committed between August 12, 2023, and January 6, 2024. Lindsay was charged by federal criminal complaint with committing five bank robberies and one attempted bank robbery.

    The complaint alleges that, since August 2023, Lindsay has robbed five banks, including branches of Chase and U.S. Bank. According to the complaint, Lindsay would enter a bank and hand a teller a demand note for money. At four of the robberies, Lindsay claimed he had a gun, although no firearm was ever shown. On Saturday, Lindsay was arrested shortly after robbing a U.S. Bank branch in Mesa.  

    A complaint is simply a method by which a person is charged with criminal activity and raises no inference of guilt. An individual is presumed innocent until evidence is presented to a jury that establishes guilt beyond a reasonable doubt. The United States will have up to 30 days from arrest to seek an indictment of Lindsay.

    The Federal Bureau of Investigation conducted the investigation in this case, with assistance from the Mesa and Tempe police departments. Assistant United States Attorney Ben Goldberg, District of Arizona, Phoenix, is handling the prosecution.
     

    CASE NUMBER:           24-09042MJ
    RELEASE NUMBER:    2024-004_Lindsay

    # # #

    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/
    Follow the U.S. Attorney’s Office, District of Arizona, on Twitter @USAO_AZ for the latest news.

    MIL Security OSI –

  • MIL-OSI Security: Two Arkansas Men Sentenced to More Than 23 Years Combined in Federal Prison for Fraud and Money Laundering in Connection with Proposed Elm Springs, Arkansas Wind Farm

    Source: US FBI

    FAYETTEVILLE – Two Arkansas men were sentenced today to federal prison for Wire Fraud, Aiding and Abetting Wire Fraud, Money Laundering and Aiding and Abetting Money Laundering in connection with the development of a wind turbine that was never operational and a proposed wind farm project in Elm Springs, Arkansas, that was never constructed. The Honorable Judge Timothy L. Brooks presided over the sentencing hearings in the United States District Court in Fayetteville.

    Jody Douglas Davis, 47, of Searcy, Arkansas, was sentenced to 180 months in prison followed by three years of supervised release and ordered to pay $1,138,845.28 in restitution and Phillip Vincent Ridings, 64, of North Little Rock, Arkansas, was sentenced to 97 months in prison followed by three years of supervised release and ordered to pay $1,138,845.28 in restitution.

    “This case represents some of the most important work that we do,” said United States Attorney Clay Fowlkes.  “These defendants developed a scheme for the purposed of stealing large sums of money from innocent investors.  The defendants in this case used lies and misrepresentations to trick investors into paying them large amounts of money that they converted for their own, personal use.  We will continue to work with our Federal Law Enforcement partners at the FBI and the IRS to investigate and prosecute cases like this.  We will also continue to work tirelessly to protect others from similar schemes to defraud.” 

    “Mr. Davis and Mr. Ridings callously defrauded members of our community through a fictional investment opportunity,” said FBI Little Rock Special Agent in Charge James A. Dawson. “Even after being federally indicted, these men continued to advance their criminal scheme through blatant falsehoods and deceit. Today’s sentencings send a clear message to other fraudsters: preying upon our Arkansas communities will not stand.”

    “Davis and Ridings stole money from investors and used it for their personal use with no intention of building the wind farm project.,” said Special Agent in Charge Christopher J. Altemus Jr., IRS-CI Dallas Field Office. “This sentencing should detour criminals from committing similar crimes.”

    According to court documents and evidence presented at trial, Davis, and Ridings, formed a limited liability company in Texas in 2014 called Dragonfly Industries International, LLC (“Dragonfly”) and Arkansas Wind Power (“AWP”), an Arkansas limited liability company located in Springdale, Arkansas, to develop what they told investors was a revolutionary wind turbine design that was to be installed on a 311-acre wind farm proposed for construction in Elm Springs, Arkansas.  

    According to the superseding indictment, Davis and Ridings conspired with Cody Fell of Springdale, Arkansas, and others, beginning as early as June 2014 and continuing through and including March 2018, to obtain money from investors who were told that the investors’ money would be used to build a prototype of the wind turbine and develop wind farms in Elm Springs, Arkansas, in Iowa, and other states.  The evidence presented at trial showed that Davis and Ridings used most of the $700,000 they obtained from investors for Davis’ and Ridings’ personal use.  Specifically, evidence at trial revealed that investors were told that Dragonfly’s wind turbine could produce more energy than the traditional three-blade wind turbines commonly used on existing wind farms;  that nationally recognized engineering firms and a University of Memphis mechanical engineering professor had “validated” the Dragonfly wind turbine’s design; that the Department of Defense has expressed strong interest in acquiring Dragonfly’s wind turbines for use in combat zones; that a prototype of the wind turbine was nearing completion; that leaders of underdeveloped countries were ready to buy Dragonfly’s wind turbines; and that a $10 million grant from the Department of Energy was soon to be awarded to Dragonfly, when in truth and fact, none of these representations were true.

    A federal jury convicted Davis and Ridings on September 3, 2021.

    The case was investigated by the Federal Bureau of Investigation and the Internal Revenue Service – Criminal Investigation.

    Assistant U.S. Attorneys Kyra Jenner and Kenneth Elser prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Friend and Business Partner of GirlsDoPorn Owner Michael Pratt Sentenced to 14 Years in Prison

    Source: US FBI

    NEWS RELEASE SUMMARY – March 19, 2024

    SAN DIEGO – Matthew Isaac Wolfe was sentenced in federal court today to 14 years in prison for his role in a conspiracy with Michael Pratt, owner of the website GirlsDoPorn, and others, to deceive and coerce young women into appearing in pornographic videos. A restitution hearing is scheduled for May 7, 2024 at 10 a.m.

    The conspiracy included recruiting the victims from throughout the United States and Canada using internet advertisements for clothed modeling jobs. Even after the victims learned the gig involved an adult video-shoot, Wolfe admitted to persuading women to appear in the videos by telling them that the videos would never be posted online, that the videos would never be released in the United States, and that no one who knew the women would ever find out about the videos, representations he knew to be false. In truth, the videos were exclusively marketed and distributed on the internet. Not only did Wolfe lie to the women, he also instructed others to do so. Wolfe told co-defendant Theodore Gyi, the cameraman on hundreds of GirlsDoPorn video shoots, that if asked, he should lie to the women and tell them the videos would not be posted on the internet.

    Most of the video shoots took place in San Diego – at local hotels and short-term rental units.  Although the women were promised that the video shoots would be brief, they often took hours. Once the video productions began, some women were not permitted to leave the shooting locations until the videos were completed; some were threatened with lawsuits or cancelled flights home if they did not complete the videos; and others were allegedly forced to perform certain sex acts, which they had earlier declined to do.

    After the victims returned home, still believing that they would remain anonymous, clips of the videos were posted on heavily trafficked adult film sites, like Pornhub, meant to funnel viewers to the full-length versions of the videos on Pratt’s website, GirlsDoPorn. Pratt charged visitors to GirlsDoPorn a subscription fee and generated more than $17 million in revenue. 

    Wolfe pleaded guilty to the conspiracy on July 26, 2022, admitting he moved to the United States from New Zealand in 2011 to work for Pratt and had a wide range of responsibilities. He filmed approximately 100 videos; uploaded finished videos onto the internet; oversaw the company’s financial books; and operated various business entities that were used to promote the business. Wolfe worked at GirlsDoPorn from 2011 until his arrest in October 2019.

    During hearings today and on January 22, 2024, approximately 30 survivors asked a federal judge to impose a significant sentence, describing how the actions of Wolfe and his co-defendants destroyed their lives. Survivors, many of them college students at the time, described answering what they thought were legitimate modeling ads and flying to San Diego for paid modeling gigs, only to be forced to perform sexual acts on camera.

    The women spoke of struggling with substance and alcohol abuse, anxiety and depression, suicidal thoughts and attempts, and post-traumatic stress syndrome in the aftermath of their videos going viral. Some spoke of lost relationships with friends and family; others dropped out of school; and others went into hiding.

    One of the women said: “I was robbed of my privacy, my dignity, and my peace of mind… But worst of all, I was robbed of my identity. I was once viewed as a beautiful, fun-loving and strong woman who was known for her athleticism and ability to make just about anyone laugh. I was a caring friend and a daughter my parents were proud of. Mr. Wolfe shattered who I was…Today I’m taking my identity back. I am not a victim. I’m a survivor.”

    One woman recalled the day she learned that her pornographic video received more than 300 million views on Pornhub, one of the most-visited websites in the world.

    “That ad seemed harmless, but it wrecked my entire life. In an instant, the life I had was gone: My hopes gone, my relationships gone, everything was gone…The fall-out from the videos spread to every part of my life like cancer, and that cancer remains to this day, making it virtually impossible for me to start a new life. I lost my modeling career, my college years, my whole twenties, my name, my career path, my friends, and my family. Everything I had built was gone, and so too was my future. Doors that were once opened were slammed in my face…Matthew Wolfe stole my life, and it wasn’t just my life. He stole hundreds of lives. What kind of price do you put on a life? Mr. Wolfe deserves a jail sentence that accounts for each and every life he has stolen.”

    Another woman told the court: “It’s been nearly 3,650 days of living in a tortuous purgatory, but today marks a major milestone in my recovery. Today there’s a shift in the winds. Today is the day all the survivors get their voices back. Today is the day we get to be heard.”

    Wolfe also admitted he was aware that personal identifying information and social media accounts for some women were being posted on pornwikileaks.com, a site controlled by Pratt and dedicated to “exposing” the true identities of individuals appearing in pornographic videos, causing the victims to be subjected to severe harassment. Even after Wolfe became aware of this, he and others continued to assure prospective models that no one would ever find out about their video shoot or learn their identity.

    “We applaud all survivors who courageously speak out in pursuit of justice,” said U.S. Attorney Tara McGrath. “Their voices rang out in the courtroom today, and we stand beside them in holding Mr. Wolfe accountable for the incredible pain and suffering he caused.”

    “Matthew Wolfe’s willingness to use deception, coercion and intimidation to exploit young women paints a sordid picture of the lengths some people will go just to make money,” said FBI San Diego Special Agent in Charge Stacey Moy. “Wolfe’s sentencing today, and any past or future sentencings related to this case, are small slivers of justice for the victims, but ultimately don’t fully heal the deep pain spawned by Mr. Wolfe and the other defendants.”

    Co-defendant Michael Pratt made his first appearance today after being extradited from Spain following more than three years as an international fugitive. In 2022, Pratt was named to the FBI’s Top Ten Most Wanted list.

    Ruben Andre Garcia, the recruiter and male model, was sentenced to 20 years in prison on June 14, 2021. Theodore Gyi was sentenced to four years in prison on November 9, 2022. Valorie Moser, the office manager, is set for sentencing on August 9, 2024.

    DEFENDANTS                                             Case Number 19cr4488                       

    Michael James Pratt                                        Age:       36                 Unknown

    Matthew Isaac Wolfe                                      Age        37                     San Diego, CA

    Ruben Andre Garcia                                       Age:       31                      San Diego, CA

    Theodore Gyi                                                  Age,       46                        Solana Beach, CA  

    Valorie Moser                                                 Age:       37                       San Diego, CA

    CHARGES

    Count 1

    Conspiracy to Commit Sex Trafficking by Force, Fraud and Coercion, 18 U.S.C. § 1594

    Maximum Penalty:  Life in prison, $250,000 fine.

    INVESTIGATING AGENCIES

    FBI – Southern District of California

    U.S. Marshals Service

    *The charges and allegations contained in an indictment or complaint are merely accusations, and the defendants are considered innocent unless and until proven guilty.

    MIL Security OSI –

  • MIL-OSI Security: International Trafficker of Counterfeit Apple Products Sentenced to Prison

    Source: US FBI

    NEWS RELEASE SUMMARY – March 25, 2024

    SAN DIEGO – Zhiwei “Allen” Liao was sentenced in federal court today to 51 months in prison for his role as an organizer and leader of an international conspiracy to traffic in counterfeit Apple products. The defendant was also ordered to forfeit two residences along with $120,370 in U.S. currency and more than 200 Apple devices seized during the investigation.

    According to court documents, Zhiwei Liao and his brothers, Zhimin Liao and Zhiting Liao, led an international exchange fraud scheme involving more than 10,000 counterfeit iPhones and iPads. The Liaos imported counterfeit iPhones and iPads from China that looked genuine and included identification numbers (IMEI and serial numbers) matching identification numbers on real iPhones and iPads that were under warranty and had been previously sold to customers in the United States and Canada.  At the direction of the Liao brothers, co-conspirators traveled to hundreds of Apple Stores across the United States and Canada, and attempted to exchange counterfeit iPhones and iPads for genuine iPhones and iPads resulting in a loss of $6.1 million to Apple, Inc. Zhiwei Liao then sent the fraudulently obtained, but genuine Apple products primarily to China where they were sold at a premium.       

    In court today, U.S. District Judge Cynthia Ann Bashant said that a significant prison sentence was appropriate because Zhiwei Liao was the organizer and leader of an extensive international criminal organization that trafficked in counterfeit goods throughout North America for several years.

    The scheme was sophisticated and dynamic, involving counterfeit devices imported from China that looked like genuine devices under warranty. Zhiwei Liao micromanaged the operations and created a moving target for law enforcement by directing counterfeit Apple products and criminal proceeds to be sent to different co-conspirators, companies, and family members throughout the scheme. Co-conspirators supported these efforts to avoid law enforcement by exchanging the counterfeit products using a variety of false names and email accounts.

    The defendant’s brothers, Zhimin Liao and Zhiting Liao, who were also leaders of the conspiracy, were previously sentenced to 41 months in custody in October 2023. 

    This case is part of a multi-year investigation led primarily by the Federal Bureau of Investigation and the San Diego Police Department that resulted in 12 felony convictions, the forfeiture of five residences in San Diego with an estimated value of more than $4.1 million, over $250,000 in cash, and more than 200 Apple products that were either counterfeit, fraudulently obtained, or used during the criminal operations.

    “This was a massive, sophisticated fraud that victimized not only Apple, Inc., but thousands of Apple product owners across North America,” said U.S. Attorney Tara McGrath. “Theft of intellectual property and the sale of counterfeit goods are growing global problems with serious economic implications.” 

    “Mr. Liao’s sentencing closes a major chapter in a multi-year investigation that exposed an international, elaborate scheme to sell counterfeit goods worldwide,” said FBI San Diego Special Agent in Charge Stacey Moy. “This investigation would not have been successful without the unwavering dedication and persistence of our law enforcement partners. We remain diligent in the pursuit of justice to help maintain the integrity of our economy.”

    This case is being prosecuted by Assistant U.S. Attorney Timothy F. Salel.

    DEFENDANTS                                 Case Number 19cr4407-BAS                                               

    Zhiwei Liao, aka “Allen”                   San Diego, CA                                    Age:    34

    Zhimin Liao, aka “Jimmy”                 San Diego, CA                                    Age:    36

    Zhiting Liao, aka “Tim”                     San Diego, CA                                    Age:    33

    Dao Trieu La, aka “Selena”                San Diego, CA                                    Age:    32

    Mengmeng Zhang, aka “Aria”           San Diego, CA                                    Age:    31

    Tam Nguyen, aka “Kelly,”                 San Diego, CA                                    Age:    39

    Charley Hsu                                        San Diego, CA                                    Age:    41

    Danny Tran Chan                               San Diego, CA                                    Age:    32

    Phillip Pak, aka “Teddy”                    San Diego, CA                                    Age:    33

    Deedee Zhu, aka “David,”                  San Diego, CA                                    Age:    35

    Jiaye Jiang, aka “joejoekong”            San Diego, CA                                    Age:    34

    Hyo Yang, aka “Will”                        San Diego, CA                                    Age:    33

    SUMMARY OF CHARGES

    Conspiracy to Traffic in Counterfeit Goods – Title 18, U.S.C., Section 2320

    Maximum penalty: Ten years in prison, $2 million fine, mandatory restitution, and forfeiture.

    INVESTIGATING AGENCIES

    Federal Bureau of Investigation

    San Diego Police Department

    San Diego County Sheriff’s Department

    U.S. Customs and Border Protection

    Homeland Security Investigations

    U.S. Marshals

    MIL Security OSI –

  • MIL-OSI Security: Current and Former Minor League Baseball Players Indicted for Insider Trading in Del Taco Stocks

    Source: US FBI

    NEWS RELEASE SUMMARY – March 26, 2024

    SAN DIEGO – An indictment was unsealed today charging current and former minor league baseball players Jordan Qsar, Grant Witherspoon and Austin Bernard with insider trading in Del Taco, Inc. stocks after they received advanced notice of the acquisition of Del Taco by Jack in the Box, Inc. on December 6, 2021.

    According to the indictment, Qsar learned from a close friend who worked at Jack in the Box that the company was acquiring Del Taco. The friend was a senior associate in Jack in the Box’s strategic finance department who personally worked on the acquisition project. The disclosure was a violation of duties to Jack in the Box and its shareholders.

    The indictment states that Qsar fraudulently shared the inside information with Witherspoon and Bernard, who were connected to Qsar through collegiate and minor league baseball teams at Pepperdine University and the Tampa Bay Rays.

    In the following months, after learning the inside information, Qsar, Witherspoon, and Bernard purchased Del Taco stocks, discussed when and how many shares they were purchasing, and tipped others with the inside information.

    According to the indictment, after Jack in the Box and Del Taco went public with the acquisition on December 6, 2021, Del Taco stocks jumped in price from $7.53 to $12.51 per share—representing a 66 percent increase from the prior trading day’s closing price. In the days following, Qsar, Witherspoon, and Bernard sold all their Del Taco stocks, earning them illegal profits of approximately $56,000, $41,800, and $64,600, respectively.

    “The system has to be fair for everyone, or the market fails,” said U.S. Attorney Tara McGrath. “Those who seek to undermine this system for personal gain will face consequences.”

    “Insider trading directly affects the integrity of our economy,” said FBI San Diego Special Agent in Charge Stacey Moy. “We will continue to work with our federal, state, and local law enforcement partners to ensure people who intentionally undermine and threaten our economy will be brought to justice.”

    This case is being prosecuted by Assistant U.S. Attorney Ronald Sou.

    DEFENDANTS                                 Case Number: 24-CR-0385-DMS

    Jordan Joseph Qsar                             Age: 28

    Grant Lee Witherspoon                      Age: 27

    Austin Lane Bernard                          Age: 28

    SUMMARY OF CHARGES

    Title 18 U.S.C. 371 – Conspiracy

    Maximum Penalty: Five years in prison; $250,000 fine

    Title 15 U.S.C. 78j(b), 78ff & Title 17 C.F.R. 240.10b-5 and 240.10b5-1 – Securities Fraud

    Maximum Penalty: Twenty years in prison; $5 million fine

    Title 18 USC 1343 – Wire Fraud & Title 18 USC 2 – Aiding and Abetting

    Maximum Penalty: Twenty years in prison; $250,000 fine

    Title 18 USC 981(a)(1)(C) and Title 28 USC 2461(c) – Criminal Forfeiture

    INVESTIGATING AGENCY

    Federal Bureau Investigation

    *The charges and allegations contained in an indictment or complaint are merely accusations, and the defendants are considered innocent unless and until proven guilty.

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