Category: Business

  • MIL-OSI Europe: Minister Burke announces establishment of Small Business Unit

    Source: Government of Ireland – Department of Jobs Enterprise and Innovation

    Unit will ensure the needs and issues of small businesses have a dedicated focus within the Department and across Government

    The Minister for Enterprise, Tourism and Employment, Peter Burke, TD, has announced the establishment of a dedicated Small Business Unit, based in the Department of Enterprise, Trade and Employment.

    Welcoming the establishment of the Unit, Minister Burke said:

    “Since my appointment as Minister I have put small businesses front and centre of my priorities.

    “The Programme for Government sets out clearly how the needs of small businesses must have a dedicated focus and are recognised and acknowledged across Government. 

    “The Small Business Unit will focus on rigorously implementing the SME Test, to ensure the perspectives of small businesses are considered across Government before new legislation or regulation is introduced. The Unit will oversee the simplification of information and access to grants and supports for businesses though the National Enterprise Hub.  It will also ensure the Local Enterprise Offices are properly resourced to help small businesses. 

    Small businesses employ two thirds of our population and keep our local communities and economies vibrant and strong.  Government must recognise this, and ensure we are providing the support that SMEs need to run their businesses successfully and continue to provide vital employment and economic benefit across the country”.  

    The move was noted by Government on Tuesday 20th May and fulfils a key commitment in the Programme for Government

    The establishment of the Small Business Unit comes in addition to the Government agreeing, in April, to expedite the development of the Action Plan for Competitiveness and Productivi as well as adopting a series of short-term measures to address the competitiveness challenges facing Ireland.

    Notes

    Small and medium enterprises (SMEs) (

    Source: Small and Medium Enterprises Business in Ireland 2021 – Detailed Results – Central Statistics Office

    ENDS

    MIL OSI Europe News

  • MIL-OSI Security: Nevada Resident Pleads Guilty to COVID-19 Fraud Scheme

    Source: US FBI

    LAS VEGAS – A Nevada woman pleaded guilty Monday to fraudulently seeking over $1 million in COVID-19 Paycheck Protection Program (PPP) loans.

    According to court documents, Karen Chapon, aka Karen Hannafious, 53, submitted six fraudulent PPP loan applications to three financial institutions for her companies. From April 2020 to July 2020, Chapon made multiple false statements about her companies’ respective business operations and payroll expenses, and submitted false documents to support the loan applications, including false federal tax filings. As part of the loan applications, Chapon falsely stated that she had not been convicted of a felony in the past five years, but in fact, she pleaded guilty to felony fraud offenses in 2016. She received four loans totaling approximately $596,931. Chapon used fraudulently obtained funds for her own benefit, including the purchase of a Mercedes Benz SUV.    

    Chapon pleaded guilty to one count of bank fraud. U.S. District Judge James C. Mahan scheduled sentencing for November 29, 2023. She faces a maximum statutory penalty of 30 years in prison, a five-year term of supervised release, restitution, and a fine. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act is a federal law enacted March 29, 2020. It is designed to provide emergency financial assistance to millions of Americans who are suffering the economic effects resulting from the COVID-19 pandemic. One source of relief provided by the CARES Act is the authorization of up to $349 billion in forgivable loans to small businesses for job retention and certain other expenses through the PPP. In April 2020, Congress authorized over $300 billion in additional PPP funding.

    The PPP allows qualifying small businesses and other organizations to receive loans with a maturity of two years and an interest rate of one percent. Businesses must use PPP loan proceeds for payroll costs, interest on mortgages, rent and utilities. The PPP allows the interest and principal to be forgiven if businesses spend the proceeds on these expenses within a set time period and use at least a certain percentage of the loan towards payroll expenses.

    Acting Assistant Attorney General Nicole M. Argentieri of the Justice Department’s Criminal Division; U.S. Attorney Jason M. Frierson for the District of Nevada; Special Agent in Charge Spencer L. Evans for the FBI; Inspector General J. Russell George for the Treasury Inspector General for Tax Administration (TIGTA); and Special Agent in Charge Weston King for the U.S. Small Business Administration Office of Inspector General (SBA-OIG), Western Region, made the announcement.

    This case was investigated by the FBI, TIGTA, and SBA-OIG. Trial Attorneys Lucy Jennings and Jennifer Bilinkas of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Jessica Oliva of the District of Nevada are prosecuting the case.

    In May 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 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 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 Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

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    MIL Security OSI

  • MIL-OSI Security: Former Owner of Collapsed Nursing Home Empire Admits $38 Million Tax Fraud Scheme

    Source: US FBI

    NEWARK, N.J. – A New York man today admitted his role in a $38 million employment tax fraud scheme involving nursing homes he owned across the country, U.S. Attorney Philip R. Sellinger announced.

    Joseph Schwartz, 64, of Suffern, New York, pleaded guilty before U.S. District Judge Susan D. Wigenton in Newark federal court to two counts of an indictment charging him with willfully failing to pay over employment taxes withheld from employees of his company, and willfully failing to file an annual financial report (Form 5500) with the Department of Labor for the employee 401K Benefit Plan Schwartz sponsored.

    “Schwartz ran a vast, multistate nursing home empire, but cheated taxpayers out of more than $38 million so he could line his own pockets. Having admitted his crime, he will now be held accountable. My office will continue to work with our law enforcement partners to prosecute those who willfully participate in tax fraud schemes.”

    U.S. Attorney Philip R. Sellinger

    According to documents filed in this case and statements made in court:

    Schwartz, an insurance broker and operator of Skyline Management Group LLC (Skyline), with headquarters in New Jersey, willfully failed to pay employment taxes relating to numerous health care and rehabilitation facilities that Skyline operated in 11 states.

    According to the indictment, Schwartz was required to collect, truthfully account for, and pay over to the IRS trust fund taxes withheld from the pay of employees of Skyline and related companies. From October 2017 through May 2018, Schwartz caused taxes to be withheld from employees’ pay but failed to then pay over more than $38 million in employment taxes to the IRS. As an administrator of the Skyline 401K plan, Schwartz further had an obligation to file an annual Form 5500 financial report with the Secretary of Labor for calendar year 2018, but knowingly and willfully failed to file the report.

    The employment tax fraud count is punishable by a maximum penalty of five years in prison and a $250,000 fine, or twice the gross gain or loss from the offense, whichever is greatest. The failure to file a Form 5500 related to the retirement plan count carries a maximum potential penalty of 10 years in prison and a $250,000 fine, or twice the gross gain or loss from the offense. Sentencing is scheduled for April 10, 2025.

    U.S. Attorney Sellinger credited special agents of the IRS-Criminal Investigation, under the direction of Special Agent in Charge Jenifer L. Piovesan in Newark; and investigators with the Department of Labor-Employee Benefits Security Administration, under the direction of Regional Director Thomas Licetti in the New York Regional Office; and special agents of the FBI, under the direction of Acting Special Agent in Charge Nelson I. Delgado, with the investigation leading to today’s guilty plea.

    The government is represented by Assistant U.S. Attorneys Kendall Randolph and Daniel H. Rosenblum of the Criminal Division in Newark and Trial Attorney Shawn Noud of the Justice Department’s Tax Division.

    MIL Security OSI

  • MIL-OSI Security: West New York Financial Advisor Sentenced to 41 Months in Prison for Role in Multimillion-Dollar Health Care Fraud Conspiracy

    Source: US FBI

    CAMDEN, N.J. – A West New York financial advisor was sentenced today to 41 months in prison for 11 counts of defrauding public health insurance plans out of more than $4 million and transacting in the criminal proceeds, U.S. Attorney Philip R. Sellinger announced.

    Kaival Patel, 55, of West New York, New Jersey, was convicted on Dec. 7, 2023, of one count of conspiracy to commit wire fraud and health care fraud, four counts of health care fraud, one count of conspiracy to commit money laundering by transacting in criminal proceeds, and five counts of money laundering by transacting in criminal proceeds following an 11-day trial before U.S. District Judge Robert B. Kugler. U.S. District Judge Edward S. Kiel imposed the sentence today in Camden federal court.

    “This defendant lined his own pockets by taking advantage of health insurance plans for New Jersey state and local government employees, defrauding them of millions of dollars by conspiring to obtain reimbursements for medically unnecessary compound prescription medications. Together with our law enforcement partners, we will continue to investigate and prosecute those who abuse and defraud the health care system.”

    U.S. Attorney Philip R. Sellinger

    According to documents filed in this case and the evidence at trial:

    Compounded medications are specialty medications mixed by a pharmacist to meet the specific medical needs of an individual patient. Compounded medications require a prescription from a physician.

    Patel created and operated a company called ABC Healthy Living LLC to market compound prescription medications. Patel and his conspirators learned that certain state and local government employees had insurance that would reimburse up to thousands of dollars for a one-month supply of certain compound medications such as vitamins, scar creams, pain creams, libido creams, and acid reflux medications. Patel and a conspirator approached Patel’s family member, a medical doctor who owns and operates a clinic in Newark, New Jersey, and convinced him to authorize prescriptions for the compound medications for patients who had no medical need for the prescriptions. Patel received commissions for the compound medication prescriptions.

    Patel and his conspirators paid a group of corrections officers to go to Patel’s family member’s medical practice for the purpose of receiving fraudulent prescriptions. Patel conspired with a compounding pharmacist to add unnecessary ingredients to the compound medications to further increase their cost and augment his illicit profits. Patel engaged in a series of financial transactions to receive proceeds from the health care fraud and wire fraud conspiracy.

    To date, approximately 48 people have been convicted or pleaded guilty in the overarching conspiracy.

    In addition to the prison term, Judge Kiel sentenced Patel to three years of supervised release and ordered him to pay restitution of $4.72 million.

    U.S. Attorney Sellinger credited special agents of the FBI’s Atlantic City Resident Agency, under the direction of Acting Special Agent in Charge Nelson I. Delgado in Newark; special agents of IRS – Criminal Investigation, under the direction of Special Agent in Charge Jenifer L. Piovesan in Newark; and the U.S. Department of Labor, Office of Inspector General, Northeast Region, under the direction of Special Agent in Charge Jonathan Mellone, with the investigation leading to the sentencing.

    The government is represented by Assistant U.S. Attorneys Daniel A. Friedman of the Criminal Division and R. David Walk Jr., Deputy Chief of the Criminal Division.

    MIL Security OSI

  • Taliban in talks with Russia, China for trade transactions in local currencies

    Source: Government of India

    Source: Government of India (4)

    The Taliban administration is in advanced talks with Russia for banks from both sanctions-hit economies to settle trade transactions worth hundreds of millions of dollars in their local currencies, Afghanistan’s acting commerce minister said.

    The Afghan government has made similar proposals to China, the minister, Haji Nooruddin Azizi, told Reuters on Thursday. Some discussions have been held with the Chinese embassy in Kabul, he said.

    The proposal with Russia, Azizi said, was being worked on by technical teams from the two countries. The move comes as Moscow focuses on using national currencies to shift reliance away from the dollar and as Afghanistan faces a stark drop in the U.S. currency entering the country due to aid cuts.

    “We are currently engaged in specialised discussions on this matter, considering the regional and global economic perspectives, sanctions, and the challenges Afghanistan is currently facing, as well as those Russia is dealing with. Technical discussions are underway,” Azizi said in an interview at his office in Kabul.

    The Chinese foreign ministry and the Russian central bank did not immediately respond to requests for comment.

    Azizi added that annual bilateral trade between Russia and Afghanistan was currently around $300 million and that was likely to grow substantially as the two sides boost investment. His administration expected Afghanistan to buy more petroleum products and plastics from Russia, he said.

    “I am confident that this is a very good option…we can use this option for benefit and interests of our people and our country,’ Azizi said.

    “We want to take steps in this area with China as well,” he said, adding Afghanistan had around $1 billion in trade with China each year. “A working team composed of members from the (Afghan) Ministry of Commerce and the Chinese embassy which is an authorized body representing China in economic programmes has been formed, and talks are ongoing.”

    Afghanistan’s financial sector has been largely cut off from the global banking system due to sanctions placed on some leaders of the ruling Taliban, which took over the country in 2021 as foreign forces withdrew.

    Rivalry with China and fallout from Russia’s war in Ukraine have put the dollar’s status as the world’s dominant currency under fresh scrutiny in recent years.

    In December, Russian President Vladimir Putin questioned the need to hold state reserves in foreign currencies since they could easily be confiscated for political reasons, saying that domestic investment of such reserves was more attractive.

    The dollar has had a lock on commodity trading, allowing Washington to hinder market access for producer nations from Russia to Venezuela and Iran.

    Afghanistan since 2022 has imported gas, oil and wheat from Russia, the first major economic deal after the Taliban returned to power facing international isolation following 20 years of war against U.S.-led forces.

    Billions of dollars in cuts to aid to Afghanistan, accelerated this year by the United States, have meant far fewer dollars, which are flown in cash for humanitarian operations, are entering the country.

    Development agencies and economists say the Afghani currency has so far remained relatively stable but may face challenges in future.

    Azizi said that the stability of the currency and his administration’s efforts to boost international investment including with the Afghan diaspora, would prevent a shortage of U.S. dollars in the country.

    (Reuters)

  • MIL-OSI Europe: The EBA issues Opinion on a measure to address macroprudential risk following a notification by the Norwegian Ministry of Finance

    Source: European Banking Authority

    The European Banking Authority (EBA) today published an Opinion following a notification by the Norwegian Ministry of Finance of its intention to change the calibration of a measure originally introduced on 31 December 2020 and already extended until 30 June 2025. The measure aims to ensure that capital requirements of Norwegian institutions using internal ratings-based (IRB) approaches are appropriate for the systemic risks stemming from their residential real estate exposures. Based on the information provided, the EBA does not object to the measure.

    The measure is an exposure-weighted average risk weight floor applying to retail exposures secured by immovable property located in Norway. The institutions in scope of the measure are all institutions established in Norway that use the Internal Ratings Based (IRB) approach for the calculation of capital requirements for the relevant exposures. The notified period of application is between 1 July 2025 until 31 December 2026.

    In this Opinion, addressed to the Standing Committee of the EFTA States, the EFTA Surveillance Authority and the Norwegian Ministry of Finance, the EBA takes note of the financial stability risks stemming from high household debt and the build-up of financial imbalances in Norway. Against this background, the EBA invites the Ministry of Finance to closely monitor any overlaps of the proposed measure with microprudential requirements and other macroprudential measures already in force. In particular, the EBA points to unintended overlaps as the output floor requirements are phased-in and invites the Ministry to monitor closely and review the need for the proposed measure.

    Legal basis and background

    On 11 April 2025, the EBA received a notification from the Norwegian Ministry of Finance of its intention to apply Articles 458(2) and 458(9) of Regulation (EU) No 575/2013 of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms (Capital Requirements Regulation, CRR) as incorporated into Annex IX of the Agreement on the European Economic Area (EEA) by the EEA Joint Committee Decision No 79/2019. In accordance with the second subparagraph of Article 458(4) of the CRR as incorporated into Annex IX of the Agreement on the EEA, within one month of receiving the notification, the EBA shall provide its opinion to the Standing Committee of the EFTA States, the EFTA Surveillance Authority and the EFTA State concerned. 

    MIL OSI Europe News

  • MIL-OSI: The BANK of Greenland has issued DKK 40 million in Tier 2 capital

    Source: GlobeNewswire (MIL-OSI)

    The BANK of Greenland has issued DKK 40 million in Tier 2 capital

    The BANK of Greenland has today agreed to issue DKK 40 million in Tier 2 capital as part of the ongoing process to optimize the capital structure.

    The capital is issued with ISIN no. DK0030551403 and with effect from 28 May 2025. The Tier 2 capital has a maturity of ten years with a possibility to call after five years and any time thereafter subject to approval by the Danish Financial Supervisory Authority (Finanstilsynet). The bonds have a floating rate agreed at a six-month CIBOR rate plus 300 basis points.

    Nykredit Bank A/S is the sole lead manager of the issue.

    Best regards
    The BANK of Greenland

    Martin Kviesgaard
    Managing Director

    Contact: +299 34 78 02 / mail: mbk@banken.gl

    Attachment

    The MIL Network

  • MIL-OSI Global: International Booker prize 2025: six experts review the shortlisted novels, including winner Heart Lamp

    Source: The Conversation – UK – By Helen Vassallo, Associate Professor of French and Translation, University of Exeter

    Heart Lamp by Banu Mushtaq has won the 2025 International Booker prize. Here, our literature experts review the book and the other five novels that were shortlisted for the prize.

    Heart Lamp by Banu Mushtaq, translated by Deepa Bhasthi

    Banu Mushtaq’s Heart Lamp shines a light on the lives of Muslim women in rural India. In a bold and memorable translation from Kannada by Deepa Bhasthi, this quietly powerful collection of short stories opens up the intimate space of domestic rituals and family tensions.

    Mushtaq’s fervent advocacy of women’s rights is evident in the compassion with which she brings to life the women in the stories: from the lack of autonomy suffered by young girls forced into wedlock to the indignity of an older woman obliged to accept her husband taking a second wife or a widow whose son arranges a new marriage for her, the women’s lives are dictated by men.

    Heart Lamp is perhaps best summed up in the final story, “Be a Woman Once, O Lord!” Throughout these stories, Mushtaq invites us – and whichever male deity might be listening – to walk in the shoes of women overlooked by an unquestioned patriarchal hierarchy.

    Helen Vassallo, Associate Professor of French and Translation




    Read more:
    Heart Lamp by the Indian writer Banu Mushtaq wins 2025 International Booker prize – a powerful collection of stories inspired by the real suffering of women


    Under the Eye of the Big Bird by Hiromi Kawakami, translated by Asa Yoneda

    Hiromi Kawakami’s Under the Eye of the Big Bird offers us glimpses of one imagined future for earth and humanity.

    Its vision could be described as post-apocalyptic. After unspecified cataclysmic events, humans exist only in tiny, scattered communities and extinction seems imminent. But this is also a beautiful, if dreamlike, world and one in which humanity still has the potential for astonishing growth and change.

    Each chapter introduces something new and startling to the reader. Many of the tropes are familiar – cloning, superpowers, mutation, AI. Yet they are configured in unfamiliar ways and prompt reflections on the nature of humanity and our relationship with the rest of creation – as well as on time, religion and the possibility of an afterlife.

    Despite grappling with so many huge questions, Under the Eye of the Big Bird is an accessible and absorbing novel. And, although tragedy is never far away, there remains humour – and hope.

    Sarah Annes Brown, Professor of English Literature

    A Leopard-Skin Hat by Anne Serre, translated by Mark Hutchinson

    Published in France in 2008 as Un chapeau léopard, A Leopard-Skin Hat is a novel about a friendship spanning 20 years between a woman called Fanny and a man known throughout only as “the Narrator”. He is not, though, the narrator of the novel. Rather, an unknown storyteller tells us how the Narrator sees Fanny gradually lose the fight against madness (the novel’s word) and, in the end, death.

    This is a novel about the mystery of other people, about how unknowable others are to us. It explores how we narrate to try to understand people who are not us, but whom we love. What is most extraordinary about Serre’s novel is the way it shows us two friends doing very ordinary things – going out for dinner, going on holiday, walking in the countryside and swimming in lakes – but shows us through this the strangeness and complexity of friendship, love and life.

    Leigh Wilson, Professor of English Literature




    Read more:
    A Leopard-Skin Hat by Anne Serre explores what its like being human in relation to other human beings


    Perfection by Vincenzo Latronico, translated by Sophie Hughes

    Perfection is a slim account of the way that time “disappears” for Anna and Tom, an expat couple living in Berlin as creative freelancers in the 2010s.

    Written in homage to Georges Perec’s Things: The Story of the Sixties (1965), the novel opens with an overbearing description of the items in their apartment, moving in and out of the characters’ dissatisfaction with the aesthetic, social, creative, economic and political routes open to them in 120 pages spanning a little over 10 years.

    As international elections, the European refugee crises and climate catastrophe dance in and out of their peripheral vision, Anna and Tom find neither satisfaction with their current moment nor successfully imagine a better one. As such, Latronico gently, but with an increasing sense of fatalism, considers the stagnation of a millennial creative class whose views on influence, status, power and happiness remain deeply linked to the “new emotions” of digital mediation.

    By Rachel Sykes, Associate Professor in Contemporary Literature and Culture

    On The Calculation of Volume I by Solvej Balle, translated by Barbara Haveland

    In On The Calculation of Volume, a woman, Tara Selter, finds herself trapped in an endlessly repeating day, November 18. Volume I, the first of seven books, recounts the first 365 days of this time loop, with Tara attempting to make sense of her predicament, to explain it to her husband – who is still bound by the normal rules of time – and to try to fix whatever has initiated this situation.

    As the novel continues, it becomes less focused on the novelty of the situation and more on the philosophical questions it raises: the alternate claustrophobia and liberation of replaying the same day; how our friends and partners sometimes feel like they inhabit a different reality; the way in which time pulls things and people apart; of the importance we place in the idea of “tomorrow”.

    What’s remarkable about Balle’s novel is how compulsive it is – even though we know time is standing still, we still want to know what will happen next.

    David Hering, Senior Lecturer in English Literature

    Small Boat by Vincent Delecroix, translated by Helen Stevenson

    Vincent Delecroix’s Small Boat is a slim, bruising novel that centres on a real horror: the drowning of 27 migrants in the English Channel in November 2021. In a small, inflatable craft, they reached out over crackling radio lines, asking for help that never came.

    Small Boat focuses not on the migrants themselves, but on a French coastguard operator who spent that night on the radio, fielding their calls for rescue. Delecroix’s brilliance lies in showing how violence at the border is carried out not by villains, but by workers. It was not evil that allowed those people to die in the water, it was a string of decisions made by people in warm rooms who believed they were doing their jobs.

    In a world ever more brutal towards those who flee war, hunger and despair, Delecroix’s novel is a necessary – and merciless – indictment. It reminds us that the shipwreck is not theirs alone. It is ours too.

    Fiona Murphy, Assistant Professor in Refugee and Intercultural Studies




    Read more:
    Small Boat: this slim, devastating novel about a real migrant shipwreck reminds us of the cruelty of indifference


    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. International Booker prize 2025: six experts review the shortlisted novels, including winner Heart Lamp – https://theconversation.com/international-booker-prize-2025-six-experts-review-the-shortlisted-novels-including-winner-heart-lamp-255464

    MIL OSI – Global Reports

  • MIL-OSI Security: Two Former Employees of New Jersey Mortgage Lending Business Indicted for Roles in Mortgage Fraud Scheme

    Source: US FBI

    NEWARK, N.J. – Two men were arraigned today on charges related to their roles in a large-scale mortgage fraud scheme, U.S. Attorney Philip R. Sellinger announced today.

    Christopher J. Gallo, 44, of Old Tappan, New Jersey, and Mehmet Ali Elmas, 32, a U.S. citizen who resided in Turkey until the time of his arrest, were indicted by a federal grand jury on Oct. 24, 2024, on one count of conspiracy to commit bank fraud, eight counts of bank fraud, eight counts of false statements to a financial institution; and one count of aggravated identity theft. They appeared today before U.S. District Judge Brian R. Martinotti in Newark federal court and each pleaded not guilty.

    According to documents filed in this case and statements made in court:

    Gallo and Elmas were previously employed by a New Jersey-based, privately owned licensed residential mortgage lending business. Gallo was a senior loan officer and Elmas was a mortgage loan officer and Gallo’s assistant. From 2018 through October 2023, Gallo and Elmas used their positions to conspire and engage in a fraudulent scheme to falsify loan origination documents sent to mortgage lenders in New Jersey and elsewhere, including their former employer, to fraudulently obtain mortgage loans. Gallo and Elmas routinely mislead mortgage lenders about the intended use of properties to fraudulently secure lower mortgage interest rates.  Gallo and Elmas often submitted loan applications falsely stating that the listed borrowers were the primary residents of certain proprieties when, in fact, those properties were intended to be used as rental or investment properties. By fraudulently misleading lenders about the true intended use of the properties, Gallo and Elmas secured and profited from mortgage loans that were approved at lower interest rates.

    The conspiracy also included falsifying property records, including building safety and financial information of prospective borrowers to facilitate mortgage loan approval. Between 2018 through October 2023, Gallo originated more than approximately $3 billion in loans.

    The charges of conspiracy to commit bank fraud, bank fraud, and false statements to a financial institution each carry a maximum potential penalty of 30 years in prison and a $1 million fine, or twice the gross gain or loss from the offense, whichever is greatest. The aggravated identity theft charge carries an additional consecutive mandatory minimum term of two years in prison and a maximum fine of up to $250,000, or twice the gross gain or loss from the offense, whichever is greatest.

    U.S. Attorney Sellinger credited special agents of the FBI, under the direction of Acting Special Agent in Charge Nelson I. Delgado, and special agents of the Federal Housing Finance Agency, Office of Inspector General, under the direction of Special Agent in Charge Robert Manchak, with the investigation leading to the indictment.

    The government is represented by Assistant U.S. Attorney Shontae D. Gray of the Economic Crimes Unit in Newark.

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

    MIL Security OSI

  • MIL-OSI Security: Former Vice President of Product Development Admits Theft of Trade Secrets From New Jersey-Based Producer of Oil Products and Proprietary Flavors

    Source: US FBI

    NEWARK, N.J. – A former vice president of product development at a New Jersey-based producer of oil products and proprietary flavors admitted possessing and conspiring to possess stolen trade secrets, U.S. Attorney Philip R. Sellinger announced today.

    Andrew Blum, 63, of North Brunswick, New Jersey, pleaded guilty before U.S. District Judge Susan D. Wigenton in Newark federal court on Nov. 12, 2024, to an information charging him conspiracy to possess stolen trade secrets and possession of stolen trade secrets.

    “A company’s intellectual property – its proprietary materials and trade secrets –  have enormous value to the companies that develop them, sometimes constituting their most valuable assets. Stealing them is a crime. This defendant admitted stealing trade secrets, including a secret formula used in one of the most recognizable names in the global soft drink industry. Our office will prosecute cases like this with the same vigor as any other theft.”

    U.S. Attorney Philip R. Sellinger

    “Blum admits he stole his employer’s trade secrets and hoped to use the information so he could get a job across the street,” FBI – Newark Acting Special Agent in Charge Nelson I. Delgado said. “Protecting the proverbial keys to the castle is essential for companies to remain in business and stay competitive. It’s even common for corporations to house formulas and recipes in literal vaults to keep them from being stolen. One of the FBI’s priorities is protecting companies from these types of crimes and holding accountable anyone who tries to sneak out the back door.”

    According to documents filed in this case and statements made in court:

    From 2013 to Dec. 12, 2018, Blum was the vice president of product development for a company that is a subsidiary of a New Jersey-based corporation that maintained its principal place of business in Northern New Jersey. The company’s parent corporation was one of the world’s largest producers of oils, juices, peel and byproducts, as well as a leading manufacturer of proprietary flavors sold to, among others, the world’s largest beverage companies. The company’s entire business was predicated on the development of formulas used in the production of flavors and as such, the intellectual property represented in formulas is one of the company’s most important assets.

    In December 2018, the company’s information technology team discovered that another employee from company used a personal email account to forward 82 files, each of which contained proprietary and trade secret information, to Blum on his personal email account. The list of 82 files included virtually all of the formulas used in the department where Blum worked. The company later learned that Blum and the other employee accessed other sensitive formulas belonging to the company that Blum and the employee were not working on and should not have accessed, including a secret formula used in one of the most recognizable names in the global soft drink industry. Other email communication between non-company accounts showed that Blum and the other employee were planning to leave the company to work for competitor companies. Law enforcement later recovered other trade secret information from Blum’s residence and from one of Blum’s cloud-based storage accounts, including handwritten notes for a product that the company produces that is sold by one of the world’s largest soda companies in a country in Asia.

    The counts of conspiracy to possess stolen trade secrets and possession of stolen trade secrets each carry a maximum potential penalty of 10 years in prison and a fine of up to $250,000 fine, or twice the gain or loss from the offense, whichever is greatest. Sentencing is scheduled for March 20, 2025.

    U.S. Attorney Sellinger credited special agents of the FBI, under the direction of Acting Special Agent in Charge Nelson I. Delgado in Newark, with the investigation leading to the  guilty plea.

    The government is represented by Assistant U.S. Attorney Benjamin Levin, Chief of the U.S. Attorney’s Office General Crimes Unit in Newark, with assistance from the National Security Unit.

    MIL Security OSI

  • MIL-OSI Security: Somerset County Man Sentenced to 87 Months in Prison for Defrauding New Jersey Traumatic Brain Injury Fund of Millions of Dollars and Committing Tax Evasion

    Source: US FBI

    TRENTON, N.J. – A Somerset County, New Jersey, man was sentenced today to 87 months in prison for conspiracy to commit healthcare fraud, five acts of healthcare fraud, and four counts of tax evasion, U.S. Attorney Philip R. Sellinger announced.

    C.R. Kraus, 58, of Manville, New Jersey was convicted in April 2024 of all 10 counts of an indictment following a trial before U.S. District Judge Zahid N. Quraishi in Trenton federal court. In January 2023, Kraus’s conspirators, Harry Pizutelli and Maritza Flores, pleaded guilty to conspiracy to commit healthcare fraud and tax evasion relating to defrauding the New Jersey Traumatic Brain Injury Fund (TBI Fund) of millions of dollars for their own personal benefit. Both are awaiting sentencing.

    “This defendant stole millions of dollars earmarked for victims of traumatic brain injuries. Stealing resources intended to help New Jersey residents who are already coping with serious challenges is especially egregious. This office will never relent in holding such criminals accountable. Today, this defendant learned the price of his criminal acts.”

    U.S. Attorney Philip R. Sellinger

    “C.R. Kraus was intent on defrauding the Traumatic Brain Injury Fund by making false claims that he treated patients who suffer from such maladies,” FBI – Newark Acting Special Agent in Charge Nelson I. Delgado said. “This not only took away valuable resources from other deserving patients but enabled Kraus and his co-conspirators to benefit substantial monetary gain, to the tune of more than $4 million. The FBI investigative team worked to put a stop to their fraudulent behavior, and bring to justice criminals who use the healthcare system as a personal piggy bank.”

    “Motivated entirely by greed, C.R. Kraus and his co-conspirators stole millions of dollars from a government program meant to aid individuals with life-altering injuries,” Special Agent in Charge Jenifer L. Piovesan, IRS Criminal Investigation, Newark Field Office, said. “Today’s sentence reinforces IRS-CI’s dedication to investigating financial crimes and ensuring bad actors are held accountable for their misconduct.”

    According to documents filed in this case and the evidence at trial:

    The TBI Fund is a publicly funded program run by the New Jersey Division of Disability Services, a component of the New Jersey Department of Human Services. The TBI Fund’s purpose is to provide New Jersey residents who have suffered a traumatic brain injury with services and support in order to maximize their quality of life when funding from insurance, personal resources, or other programs is unavailable to meet their needs. Services funded by the TBI Fund include physical, occupational, and speech therapy; service coordination; assistive technology; cognitive therapy; neuropsychological services; pharmaceuticals; wheelchair ramp installation and other home modifications; and general home management and maintenance.

    After a prospective patient applies for services, TBI Fund personnel review the application and, if approved, the patient is authorized to secure designated services from a third-party vendor. Once a patient receives services approved by the TBI Fund, the vendor or service provider submits an invoice to the TBI Fund for payment. When an invoice is received, TBI Fund personnel review the invoice to ensure that the patient had been approved to receive the services. If the invoice is approved, an internal payment voucher is generated, authorized by TBI Fund personnel, and then submitted to the New Jersey Department of the Treasury for payment, which issues a check directly to the vendor.

    Pizutelli was the manager of the TBI Fund and was responsible for its day-to-day operation. He supervised, managed, and oversaw the process by which third-party vendors were paid for services rendered to eligible TBI Fund beneficiaries. From 2009 through June 2019, Pizutelli, Kraus, and Flores conspired to defraud the TBI Fund by misappropriating more than $4 million in fraudulent vendor payments for purported services that were never actually provided. Pizutelli orchestrated the distribution of fraudulent vendor payments to Flores and Kraus by generating and processing false invoices and internal payment vouchers. Pizutelli generated these invoices and vouchers to give the appearance that Flores and Kraus had provided approved services to eligible patients when, in fact, they had not provided any services. Pizutelli then approved and transmitted the internal payment vouchers so that his conspirators received vendor payments.

    Pizutelli orchestrated these fraudulent payments to maintain and further romantic and/or sexual relationships with Flores, including more than $940,000 in fraudulent distributions to Flores and more than $3.245 million in fraudulent distributions to Kraus. To obscure their fraudulent conduct, Flores and Kraus also evaded the payment of substantial amount of income taxes by making material misstatements and omissions on their federal income tax returns and significantly underreporting the income they had derived from the fraudulent scheme.

    In addition to the prison term, Judge Quraishi sentenced Kraus to three years of supervised release and ordered restitution of $4.19 million.

    U.S. Attorney Sellinger credited special agents of the FBI, Newark Division, Red Bank Resident Agency, under the direction of Acting Special Agent in Charge Delgado, and special agents of IRS – Criminal Investigation, under the direction of Acting Special Agent in Charge Jenifer L. Piovesan, with the investigation leading to the guilty verdict. He also thanked the New Jersey Attorney General’s Office, Division of Law, and the New Jersey Department of Human Services, for its assistance.

    The government is represented by Eric A. Boden, Attorney-in-Charge in Trenton, and Assistant U.S. Attorney Eric Suggs of the U.S. Attorney’s Office Trenton Branch Office.

    MIL Security OSI

  • MIL-OSI Security: Former CEO of 500.Com (now Bit Mining Ltd.) Indicted for Role in Bribing Japanese Officials and Bit Mining Ltd. Resolves Foreign Bribery Investigation

    Source: US FBI

    NEWARK, N.J. – An indictment was unsealed today charging the former CEO of 500.com (now BIT Mining Ltd.), Zhengming Pan, a Chinese national, with violations of the Foreign Corrupt Practices Act (FCPA). BIT Mining Ltd. has agreed to resolve investigations by the Justice Department and the Securities and Exchange Commission (SEC) into related FCPA violations arising from the company’s participation in a corrupt scheme to pay bribes to Japanese government officials.

    BIT Mining entered into a three-year deferred prosecution agreement (DPA) in connection with a criminal information filed in the District of New Jersey charging BIT Mining with one count of conspiracy to violate the anti-bribery and books and records provisions of the FCPA and one count of violating the books and records provisions of the FCPA.

    A federal grand jury in the District of New Jersey returned an indictment against Pan on June 18. Pan is charged with one count of conspiracy to violate the anti-bribery and books and records provisions of the FCPA, one count of violating the anti-bribery provisions of the FCPA, and two counts of violating the books and records provisions of the FCPA.

    “Paying bribes to foreign government officials is a serious crime. The top leadership of BIT Mining, then known as 500.com, directed consultants to pay bribes to Japanese government officials to win a bid to open a large resort in Japan. The illegal scheme started at the top, with the company’s CEO allegedly fully involved in directing the illicit payments and the subsequent efforts to conceal them. The company has admitted its crimes and agreed to pay a $10 million penalty, and its then-CEO has been charged for his role in the scheme. This agreement and indictment hold both the corporation as an entity and its top leadership accountable.”

    U.S. Attorney Philip R. Sellinger

    “BIT Mining, under the alleged direction of then-CEO Zhengming Pan, agreed to pay nearly $2 million in bribes to Japanese government officials to win a contract to open a lucrative resort and casino in Japan,” Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division, said. “Pan has been indicted for his alleged role in directing company consultants to pay the bribes and to conceal the illicit payments through sham consulting contracts. Today’s resolution and the charges against Pan demonstrate the department’s continued commitment to holding both corporate and individual wrongdoers accountable for their crimes.”

    “Today’s indictment against the former CEO of BIT Mining for bribing Japanese officials highlights the FBI’s commitment to holding individuals accountable for illegal conduct,” Assistant Director Chad Yarbrough of the FBI Criminal Investigative Division said. “This type of criminal activity undermines the integrity of business practices. The FBI will relentlessly pursue those involved in illegal schemes creating unfair advantages and ensure they face the full consequences of the law.”

    According to court documents, between 2017 and 2019, BIT Mining, then known as 500.com, admitted that its -CEO Pan, employees, and agents, agreed to pay approximately $1.9 million in bribes and payments to intermediaries, knowing the money would be used to make bribe payments to Japanese government officials. The purpose of the bribes was to try to help 500.com win a bid to open an integrated resort (a large resort that includes hotels, casinos, retail, dining, convention facilities, and entertainment venues) in Japan. On behalf of 500.com, Pan allegedly engaged third-party consultants to assist 500.com in paying and concealing these bribes. 500.com, through these consultants, paid bribes in the form of cash, travel, entertainment, and gifts. Pan and others allegedly covered up the payment of these bribes by, among other things, entering into sham contracts with the consultants and falsely recording the payments as legitimate expenses, including as management advisory fees. Ultimately, despite carrying out this bribery scheme, 500.com did not win an integrated resort bid in Japan.

    Pursuant to the DPA, BIT Mining agreed, based on the application of the U.S. Sentencing Guidelines, that the appropriate criminal penalty is $54 million. However, due to BIT Mining’s financial condition and demonstrated inability to pay the penalty calculated under the U.S. Sentencing Guidelines, BIT Mining and the Justice Department agreed, consistent with the department’s inability to pay guidance, that BIT Mining will pay a total criminal penalty of $10 million. The Justice Department has agreed to credit up to $4 million against the civil penalty BIT Mining has agreed to pay to the SEC to resolve a parallel investigation.

    BIT Mining has also agreed to continue to cooperate with the Fraud Section and the U.S. Attorney’s Office for the District of New Jersey in any ongoing or future criminal investigations. In addition, BIT Mining has agreed to continue to enhance its compliance programs and provide reports to the Justice Department regarding remediation and the implementation of compliance measures for the three-year term of the DPA.

    The Justice Department reached this resolution with BIT Mining based on a number of factors, including, among others, the nature and seriousness of the offense. BIT Mining received credit for its cooperation with the department’s investigation, which included (i) voluntarily producing relevant documents, financial data, and other information, including from foreign countries, while navigating some foreign data privacy and related criminal laws, accompanied by translations of a limited number of documents; and (ii) providing the government with facts learned during its internal investigation. The cooperation was, however, reactive and limited in degree and impact.

    BIT Mining engaged in certain timely remedial measures, which included, among other things, (i) increasing governance and oversight of compliance risks and audit findings by the Board of Directors, (ii) promoting compliance and ethics through company-wide communications, (iii) incorporating compliance criteria in performance evaluations for senior management, (iv) conducting annual risk assessments, (v) creating an anti-corruption policy and engaging in company-wide training and communications to promote it, and (vi) transitioning its business model to an industry that presents a lower corruption risk and reducing its presence in high risk regions. In light of these considerations, BIT Mining’s criminal penalty calculated under the U.S. Sentencing Guidelines reflects a 10% reduction off the bottom of the applicable guidelines fine range.

    The FBI’s International Corruption Unit is investigating the case.

    Assistant U.S. Attorney Jennifer Kozar for the District of New Jersey and Trial Attorneys Jil Simon and Ligia Markman of the Criminal Division’s Fraud Section are prosecuting the cases.

    The Justice Department’s Office of International Affairs and authorities in Japan provided assistance in this matter.

    The Fraud Section is responsible for investigating and prosecuting FCPA and Foreign Extortion Prevention Act matters. Additional information about the Justice Department’s FCPA enforcement efforts can be found at www.justice.gov/criminal-fraud/foreign-corrupt-practices-act.

    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: Kris Roglieri Indicted on Five Counts of Wire Fraud

    Source: US FBI

    ALBANY, NEW YORK – Kris Roglieri, age 44, of Queensbury, New York, has been indicted on wire fraud charges.

    United States Attorney Carla B. Freedman and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI), made the announcement.

    Roglieri operated Prime Capital Ventures, LLC (“Prime Capital”) and Prime Commercial Lending, LLC (“Prime Commercial”), among other companies, that were based in Albany.

    The indictment and an earlier-filed criminal complaint allege that Prime Capital held itself out as a commercial lending business. As part of contractual arrangements with its borrower clients situated across the country, Prime Capital obtained upfront interest payments from prospective borrowers while it sought to secure loans for those borrowers; these upfront interest payments were characterized by Prime Capital as the “Interest Credit Account Payment,” or “ICA” payment for short. ICA payments did not represent fees to Prime Capital. Instead, each borrower’s upfront ICA payment would be debited over time as the loan was funded and accrued more interest. An ICA payment would also be refundable if Prime Capital failed to secure a loan for the borrower client.

    Roglieri is alleged to have defrauded a Minnesota company in December 2023, by committing to fund, through Prime Capital, an approximately $100 million commercial project, even though, at the time, Prime Capital had failed to fund numerous loans promised to earlier clients; failed to return tens of millions of dollars in ICA payments to earlier clients once those loans did not materialize; and had been sued multiple times by clients alleging fraud and seeking the return of ICA payments.

    On December 22, 2023, Roglieri, on behalf of Prime Commercial, signed a Deposit Agreement by which he agreed to keep the Minnesota company’s ICA payment in a “separate and distinct” bank account, and to hold it as a “trust fund.”  That same day, the Minnesota company wire transferred a $5 million ICA payment to a Prime Capital account controlled by Roglieri. Roglieri then transferred and spent these funds, including by transferring $950,000 in order to meet a financial obligation to another Prime Capital client; paying $84,000 for his purchase of a Rolex day-date 36 mm yellow gold diamond bezel watch; paying $101,000 to a private jet services company, for round-trip, private air travel between Albany International Airport and Anguilla, for a family vacation that Roglieri took from about December 29, 2023 to January 5, 2024; and paying $400,000 to a law firm that represented Prime Capital in court proceedings.   

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

    If convicted, Roglieri faces up to 20 years in prison and a maximum $250,000 fine per count, as well as up to 3 years of supervised release. A defendant’s sentence is imposed by a judge based on the particular statute the defendant is charged with violating, the U.S. Sentencing Guidelines and other factors.

    United States Magistrate Judge Christian F. Hummel ordered Roglieri detained after Roglieri’s May 31, 2024 arrest on the criminal complaint.

    The FBI is conducting this ongoing investigation. Assistant U.S. Attorneys Joshua R. Rosenthal and Michael Barnett are prosecuting this case.

    MIL Security OSI

  • MIL-OSI Security: Former Finance Minister of Mozambique Sentenced to 102 Months’ Imprisonment for His Role in $2 Billion Fraud and Money Laundering Scheme

    Source: US FBI

    BROOKLYN, NY – Earlier today, in federal court in Brooklyn, Manuel Chang, the former Finance Minister of Mozambique, was sentenced by United States District Judge Nicholas G. Garaufis to a term of imprisonment of 102 months and ordered to pay $7 million in forfeiture.  The restitution amount will be determined at a later date.   Chang was convicted after a four-week trial in July and August 2024 of conspiring to commit wire fraud and money laundering in connection with his role in a $2 billion international fraud, bribery and money laundering scheme that victimized investors in the United States and elsewhere.  He was arrested in December 2018 in South Africa, pursuant to a provisional arrest warrant issued at the request of the United States and extradited to the Eastern District of New York in July 2023.

    Carolyn Pokorny, Acting United States Attorney for the Eastern District of New York, Brent S. Wible, Principal Deputy Assistant Attorney General and head of the Justice Department’s Criminal Division and James E. Dennehy, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the sentence.

    “Today’s sentence shows that foreign officials who abuse their power to commit crimes targeting the U.S. financial system will meet U.S. justice,” stated Acting United States Attorney Pokorny.  “My Office will continue to pursue those who violate our laws and harm U.S. investors regardless of their power, position or title.”  

    “Manuel Chang abused his position as Finance Minister of Mozambique by obtaining $7 million in bribe payments in exchange for helping secure more than $2 billion in loans,” said Principal Deputy Assistant Attorney General Brent S. Wible, head of the Justice Department’s Criminal Division. “Chang’s brazen misconduct betrayed his duty to the people of Mozambique and defrauded investors, including those in the United States, of substantial amounts. With today’s sentence, Chang has been held accountable for his violations of U.S. law.”

    “Manuel Chang abused his authority as the former Mozambique Finance Minister by helping to obtain billions of dollars in loans, a large portion of which was diverted from its intended purposes to satisfy bribe payments, ultimately causing significant financial loss to U.S. and global investors,” stated FBI Assistant Director in Charge Dennehy.  “With the support of his co-conspirators, Chang violated the trust of his office and wielded his position to enrich himself and other Mozambican officials. May today’s sentencing reiterate the FBI’s commitment to dismantling all corruptive malpractices orchestrated by foreign governments, especially those targeting our country as their personal piggy bank.”

    As proven at trial, Chang received $7 million in bribes in exchange for signing guarantees on behalf of the Republic of Mozambique to secure funding for three loans for maritime projects.  As part of the scheme, Chang and his co-conspirators falsely stated to banks and investors that the loan proceeds would be used for the projects and that the borrower would not pay bribes to Mozambican government officials. In fact, however, Chang and his co-conspirators facilitated the criminal diversion of more than $200 million of the loan proceeds that were used to pay bribes and kickbacks to Chang and others.

    Between approximately 2013 and 2016, in his capacity as Mozambique’s Minister of Finance, Chang, together with his co-conspirators – including executives of Privinvest Group, a United Arab Emirates-based shipbuilding company – ensured that Credit Suisse AG, through its subsidiary in the United Kingdom, Credit Suisse Securities (Europe) Limited (CSSEL), and another foreign investment bank would arrange for more than $2 billion to be extended to companies owned and controlled by the Mozambican government:  Proindicus S.A. (Proindicus), Empresa Moçambicana de Atum, S.A. (EMATUM), and Mozambique Asset Management (MAM).  The proceeds of the loans were intended to fund three maritime projects for which Privinvest was to provide the equipment and services. Specifically, Proindicus was to perform coastal surveillance, EMATUM was to engage in tuna fishing, and MAM was to build and maintain shipyards.

    Instead, Chang and his co-conspirators illegally facilitated Privinvest’s diversion of more than $200 million of the loan proceeds to bribes and kickbacks.  These funds included more than $150 million that Privinvest used to bribe Chang and other Mozambican government officials to ensure that companies owned and controlled by the Mozambican government would enter into the loan arrangements, and that the government of Mozambique would guarantee those loans.  The loans were subsequently sold in whole or in part to investors worldwide, including in the United States.  In doing so, the participants in the scheme conspired to defraud these investors by misrepresenting how the loan proceeds would be used.  Ultimately, Proindicus, EMATUM, and MAM each defaulted on their loans and proceeded to miss more than $700 million in loan payments, causing substantial losses to investors.

    In October 2021, Credit Suisse AG and CSSEL admitted to defrauding U.S. and international investors in the financing of an $850 million loan for the EMATUM project. CSSEL pleaded guilty to conspiracy to commit wire fraud and Credit Suisse AG entered into a deferred prosecution agreement with the United States Attorney’s Office for the Eastern District of New York, the Criminal Division’s Fraud Section (Fraud Section) and the Criminal Division’s Money Laundering and Asset Recovery Section (MLARS).  As a part of the resolution, Credit Suisse AG and CSSEL paid approximately $475 million in penalties, fines, and disgorgement as part of coordinated resolutions with criminal and civil authorities in the United States and the United Kingdom.

    The Office’s Business & Securities Fraud Section is handling the case.  Assistant United States Attorneys Hiral D. Mehta, Genny Ngai and Jonathan Siegel, and Trial Attorneys Peter Cooch of the Fraud Section and Morgan Cohen of MLARS, are in charge of the prosecution, with assistance from Paralegal Specialist Timothy Migliaro.  The Justice Department’s Office of International Affairs provided substantial assistance. The Justice Department appreciates the assistance of South African authorities, particularly those in the South African Department of Justice and Constitutional Development and the South African Police Service, as well as authorities in the United Kingdom, Switzerland, Spain and Portugal.

    The Defendant:

    MANUEL CHANG
    Age: 69
    Mozambique

    E.D.N.Y. Docket No. 18-CR-681 (NGG)

    MIL Security OSI

  • MIL-OSI Security: Two Defendants Plead Guilty in Federal Conspiracies Involving High-End Stolen Vehicle Rings

    Source: US FBI

    CHARLOTTE, N.C. – Two defendants appeared in federal court today and entered guilty pleas for their respective roles in cases involving high-end stolen vehicles worth millions of dollars, announced Dena J. King, U.S. Attorney for the Western District of North Carolina.

    Robert M. DeWitt, Special Agent in Charge of the FBI in North Carolina, and Chief Johnny Jennings of the Charlotte Mecklenburg Police Department (CMPD), join U.S. Attorney King in making today’s announcement.

    According to filed documents and statements made in court, Andre Lamar Sumner, 41, of Charlotte, pleaded guilty to a count of conspiracy to violate federal law, including by transporting and possessing stolen vehicles in interstate commerce, and altering vehicle identification numbers (VINs). Sumner also pleaded guilty to one count of possession of a stolen vehicle. According to filed court documents, between 2022 and 2024, Sumner and his co-conspirators engaged in a scheme to buy and sell high-end motor vehicles that were stolen from car dealerships, rental car companies, and private parties across the United States, including North Carolina, South Carolina, Florida, Alabama, Maryland, Pennsylvania, New Jersey, New York, and Missouri.

    Sumner operated as a “fence” in the conspiracy, arranging the buying and selling of the stolen motor vehicles. A fence is someone who assists in finding or dealing with buyers for stolen properties. To maximize profits, Sumner sought to fence high-end stolen vehicles such as luxury models made by BMW, Land Rover, Porsche, Mercedes-Benz, and Rolls-Royce, as well as trucks and other expensive modes from Chevrolet, Dodge, Ford, and RAM. As court documents show, Sumner and his co-conspirators possessed stolen vehicles with an estimated value well over $2 million.

    According to court records, Sumner sold the stolen cars to buyers at prices significantly below the vehicles’ fair market values. As Sumner admitted in court today, to avoid detection and to maximize the stolen vehicles’ resale values, Sumner and others regularly altered the stolen vehicles’ original VINs and fraudulently registered the stolen vehicles with various state motor vehicle agencies.

    One of Sumner’s co-conspirators, Erren Woodson, 40, of Charlotte, pleaded guilty last Friday, October 18, 2024, to one count of conspiracy and one count of possession of a stolen vehicle.  Court documents show that Woodson purchased stolen vehicles from Sumner. Court documents filed in Woodson’s case show that Woodson regularly communicated with Sumner to discuss the available inventory of stolen vehicles and potential buyers as well as prices for the stolen cars.

    Both Sumner and Woodson also pleaded guilty to one count of possession with intent to distribute marijuana. According to court records, the defendants were involved in marijuana trafficking, in part funded by the stolen vehicles scheme.

    In a separate case involving high-end stolen vehicles, Terrick D. Lumpkin, 39, of Charlotte, pleaded guilty today to conspiracy to violate federal law, including by transporting and possessing vehicles in interstate commerce and altering VIN numbers. Lumpkin also pleaded guilty to one count of possession of a stolen vehicle.

    According to documents filed in this case and the plea hearing, between November 2023 and January 2024, Lumpkin conspired with other individuals to steal and possess luxury and high-end models of vehicles worth over $1 million. Lumpkin and his co-conspirators obtained stolen vehicles from various locations throughout the United States, including in North Carolina, Illinois, and New York. In addition, several of the vehicles Lumpkin possessed were stolen from the Charlotte Douglas International Airport.

    Court documents show that Lumpkin and others mainly sought high-end vehicles made by Audi, BMW, Cadillac, Lamborghini and Mercedes, as well as sports utility vehicles, and other expensive models from Chevrolet, Dodge, Ford, GMC, and Jeep. Once they came to possess the stolen vehicles, Lumpkin and his co-conspirators altered or removed the vehicles’ VINs to avoid detection by law enforcement.

    All three defendants are currently released on bond. The conspiracy charges carry a maximum penalty of five years in prison. Each charge of possession of a stolen vehicle carries a statutory maximum penalty of 10 years in prison. The charge of possession with intent to distribute marijuana carries a maximum prison sentence of five years. At sentencing, Sumner and Woodson face a maximum of 20 years of imprisonment. Lumpkin faces a maximum of 15 years of imprisonment.

    Since August 2023, the U.S. Attorney’s Office has charged 11 individuals with conspiracy offenses related to high-end stolen vehicles and other related offenses. Of those charged, nine have pleaded guilty to federal charges. Additional individuals involved in stolen vehicle possession have also been prosecuted by the U.S. Attorney’s Office for other federal crimes, including illegal gun possession and drug trafficking.

    In making today’s announcement, U.S. Attorney King thanked the FBI and CMPD’s Stolen Car And Recovery Law Enforcement Team (SCARLET) for their investigation of these cases.

    Assistant U.S. Attorneys William Bozin and Daniel Ryan of the U.S. Attorney’s Office in Charlotte are in charge of the prosecutions. 

    MIL Security OSI

  • MIL-OSI Security: FBI Honors Columbus Community Leader Nicole Banks with National Award

    Source: US FBI

    On Friday, April 19, 2024, FBI Director Christopher Wray presented Nicole Banks, the president and founder of Starfish Assignment, with the FBI Director’s Community Leadership Award (DCLA) for her service to the community. Starfish Assignment is an impactful Columbus-based non-profit organization that works to establish a foundation of trust and respect between law enforcement and the community to benefit all involved.

    The FBI established the DCLA in 1990 to publicly acknowledge the achievements of those working to make a difference in their communities through the promotion of education and the prevention of crime and violence. Each year, one person or organization from each of the FBI’s 56 field offices is chosen to receive this prestigious award.

    “Our success as both a law enforcement and an intelligence agency hinges on our ability to foster and maintain genuine partnerships with people in all communities,” said FBI Director Christopher Wray. “People like this year’s Leadership Award recipients not only identify what others need, but they are willing to roll up their sleeves and provide services. They are building bridges and relationships while putting in the work to have hard conversations and find a common purpose. They do it out of kindness and compassion with a sincere belief that justice – in its many forms – requires all of us to do the right thing in the right way.”

    Nicole Banks created Starfish Assignment in 2018 to bridge the gap between law enforcement and the community. Through programs and events, Starfish works to foster open communication, build understanding, and increase collaboration to create an environment where everyone feels protected and valued. Along with organizing several Summer Safety Block Parties and other events in Columbus, Starfish also has a Books and Badges program that promotes literacy and allows law enforcement officers to create connections with students in their neighborhoods. The work of Starfish Assignment extends beyond Central Ohio and includes assisting law enforcement agencies throughout the country.

    “Receiving this award from Director Wray is not only an honor for Starfish Assignment, but it also affirms our dedication to fostering strong, positive relationships between law enforcement and the communities they serve,” stated DCLA recipient Nicole Banks. “Our collaboration with the FBI has enabled us to implement programs that build trust and create meaningful change. This recognition fuels our commitment to continue our work of bridging gaps, helping others through law enforcement officers, and strengthening bonds across communities. We are deeply grateful for the FBI’s acknowledgment of our efforts and look forward to furthering our mission together.”

    “It is an honor to recognize Nicole Banks for her hard work and dedication to the community,” stated FBI Cincinnati Special Agent in Charge Elena Iatarola. “Nicole’s work with Starfish Assignment has allowed the FBI and our law enforcement partners to build trust and significant relationships in the communities we serve. These relationships help us to fulfill our mission of protecting the American people while creating safer and more secure neighborhoods.”

    Director Wray hosted the DCLA winners in a special ceremony at FBI Headquarters today, emphasizing the importance of community partnerships in keeping our shared communities safe. These partnerships—as exemplified by the breadth of the work by the DCLA recipients—have led to a host of crime prevention programs that protect the most vulnerable in our communities, educate families and businesses about cyber threats, and work to reduce violent crime in our neighborhoods. Learn more about the Director’s Community Leadership Award program, the FBI’s outreach efforts, and the Cincinnati Field Office online.

    MIL Security OSI

  • Northeast emerges as investment hub with Rs 6.75 lakh crore boost in a decade: Scindia

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Communications and Development of the North Eastern Region, Jyotiraditya M. Scindia, on Friday lauded the remarkable transformation of the north eastern states over the past decade under the leadership of Prime Minister Narendra Modi.

    Addressing the inaugural session of the Rising North East Investors Summit at Bharat Mandapam in New Delhi, Scindia underlined the government’s unwavering commitment to the region’s progress. He announced that gross budgetary support for the northeast has surged dramatically, enabling investments worth nearly ₹6.75 lakh crore in the past ten years.

    “This significant allocation has been a game changer in redefining the region’s growth trajectory, turning it into a land of opportunity,” the minister said.

    The summit, which aims to attract both domestic and international investors, seeks to highlight the untapped economic potential of the northeast.

    Scindia highlighted the region’s historical importance, particularly the areas surrounding the Brahmaputra and Barak rivers, describing it as a cradle of India’s ancient culture and commerce. “There was a time when these eight states served as South Asia’s global trading hubs, playing a vital role in linking the East and West through both land and water routes,” he noted.

    Despite this legacy, he lamented that the region had been neglected for nearly seventy years after India’s independence. “In the past ten years, the destiny and story of this entire region have transformed. And the architect of that transformation stands before us today in the form of our esteemed Prime Minister, Narendra Modi ji,” Scindia said, crediting PM Modi for spearheading the region’s revival.

    Recounting the region’s past infrastructure challenges, the minister pointed out that the northeast previously had only nine airports, and two states had no airport facilities at all. Today, that number has risen to seventeen, significantly enhancing connectivity and economic integration.

    ANI

  • MIL-OSI Security: Global Cryptocurrency Exchange BitMEX Fined $100 Million for Violating Bank Secrecy Act

    Source: US FBI

    Company Willfully Flouted U.S. Anti-Money Laundering Laws to Boost Revenue

    Matthew Podolsky, Attorney for the United States, Acting under Authority Conferred by 28 U.S.C. § 515, announced that HDR GLOBAL TRADING LTD., a/k/a “BITMEX”, was sentenced today to a fine of $100 million for violating the Bank Secrecy Act by willfully failing to establish, implement, and maintain an adequate anti-money laundering (“AML”) and know-your-customer (“KYC”) program.

    Attorney for the United States Matthew Podolsky said:  “Anti-money laundering and know-your-customer rules protect Americans from fraud, combat money laundering, and prevent the financing of terrorist activity.  It is critical that all financial institutions, including cryptocurrency exchanges, comply with these rules to protect our country’s economy and national security.  Today’s sentence sends a clear message that companies that willfully violate these rules and refuse to implement AML/KYC programs will face consequences.”   

    According to the allegations in the Information and other filings and statements made in court:

    Arthur Hayes, Benjamin Delo, and Samuel Reed founded BITMEX in or about 2014, and Gregory Dwyer became BITMEX’s first employee in 2015 and later its Head of Business Development.  BITMEX, which has long serviced and solicited business from U.S. traders and operated through U.S. offices, was required to register with the Commodity Futures Trading Commission (“CFTC”) and to establish and maintain an adequate AML program.  AML programs ensure that financial institutions, such as BITMEX, are not exploited for illicit purposes and serve to protect the integrity of the U.S. financial system and national security more broadly.

    BITMEX and its executives knew that because BITMEX served U.S. customers, it was required to implement an AML program that included a KYC component but chose to flaunt those requirements, requiring only that customers provide an email address to use BITMEX’s services.  Indeed, senior executives each knew that customers residing in the U.S. continued to access BITMEX’s trading platform through at least in or about 2018, and that BITMEX policies nominally in place to prevent such trading were toothless or easily overridden to serve BITMEX’s bottom line goal of obtaining revenue through the U.S. market without regard to U.S. criminal laws.  Corporate executives took affirmative steps purportedly designed to exempt BITMEX from the application of U.S. laws like AML and KYC requirements, despite knowing of BITMEX’s obligation to implement such programs by operating in the U.S.  As part of BITMEX’s willful evasion of U.S. AML laws, the company lied to a bank about the purpose and nature of a subsidiary to allow BITMEX to pump millions of dollars through the U.S. financial system.

    Hayes, Delo, and Reed, BITMEX’s three founders and top executives, and Dwyer, another top executive, all previously entered guilty pleas for violating the Bank Secrecy Act and were sentenced in 2022.  The corporation entered a guilty plea on July 10, 2024, and was sentenced today.

    *                *                *

    In addition to the fine, BITMEX was sentenced to two years’ probation.       

    Mr. Podolsky praised the outstanding investigative work of the Federal Bureau of Investigation’s New York Money Laundering Investigation Squad.

    The prosecution is being handled by the Office’s Illicit Finance & Money Laundering Unit.  Assistant U.S. Attorneys Jessica Greenwood and Thane Rehn are in charge of the prosecution. 

    MIL Security OSI

  • MIL-OSI Security: Co-Leader of Large-Scale Narcotics and Human Trafficking Ring Pleads Guilty

    Source: US FBI

    COLUMBUS, Ohio – A leader in a case with 23 defendants involved in narcotics and human trafficking conspiracies pleaded guilty in federal court here today to drug, gun, human trafficking, and money laundering crimes.

    From 2008 until June 2022, Cordell Washington, 37, of Pickerington, ran a large-scale drug trafficking organization in Columbus with co-defendant Patrick Saultz. Their operations also included sex trafficking, labor trafficking, fraud and money laundering.

    A multi-agency law enforcement task force initially announced the case in July 2022 after a federal grand jury indicted 11 defendants for distributing bulk amounts of fentanyl, cocaine and crack cocaine within 1,000 feet of a Columbus elementary school. In October 2022, the government added 12 defendants and 28 new charges. 

    Court documents detail that the drug trafficking organization brought large quantities of fentanyl, heroin, cocaine, crack cocaine, methamphetamine, oxycodone, alprazolam and marijuana into Columbus. These drugs were sold or used to coerce individuals into sexual activity for some members of the drug ring and their profit.

    It is alleged that Saultz began distributing heroin, cocaine and crack cocaine from his residences on Vida Place and South Hague Street in Columbus as early as 2008. The drug trafficking organization sold drugs out of more than 20 Columbus residences to customers and distributed larger amounts to regional drug traffickers who then trafficked those narcotics to places such as West Virginia and the Northern District of Ohio.

    Most of the alleged drug dealing took place within 1000 feet of Burroughs Elementary School in Columbus at a residence on South Burgess. For example, one of Washington and Saultz’s numerous subordinates sold approximately $18,000 worth of narcotics per day from the location on South Burgess.

    The case also involves the overdose death of at least one individual and the violent death of a second victim.

    As part of his plea, Washington admitted to labor trafficking male drug addicts. The defendant provided the men with their drug of choice after the men completed construction or cleaning projects at residences owned by the drug trafficking organization. The men were recruited by Washington and some completed the work for him under serious threat of harm.

    Washington would provide the addicts with advances on small amounts of drugs so they were well enough to perform physical labor. If Washington was not pleased with their work product, he would not complete the final drug payment and would threaten violence against them.

    Washington used numerous methods to launder the group’s drug trafficking proceeds, including establishing front businesses that purported to be rental, repair and construction companies.

    Washington pleaded guilty to conspiring to distribute and possessing with intent to distribute controlled substances within 1,000 feet of an elementary school, possessing a firearm in furtherance of a drug trafficking crime, labor trafficking and concealment money laundering. He faces a mandatory minimum of at least 15 years and up to life in prison.

    As part of this case, local, state, and federal law enforcement officers have executed more than 20 search warrants at various locations throughout Central Ohio and seized more than $1.7 million in alleged drug proceeds. For example, while executing a search warrant at Car-Go storage units, law enforcement officials discovered approximately one million in bulk United States currency. Searches of additional residences yielded 47 firearms, diamonds, Rolex watches and additional bulk amounts of cash.

    As of today, 21 of the 23 defendants have pleaded guilty. One defendant, Carmella Brooks, has been sentenced and received a term of imprisonment of five years.

    U.S. Attorney Kenneth L. Parker commended the investigation coordinated by Ohio Attorney General Dave Yost’s Ohio Organized Crime Investigations Commission Central Ohio Human Trafficking Task Force, which includes Columbus Division of Police Chief Elaine Bryant; Shawn Gibson, Acting Special Agent in Charge, Homeland Security Investigations; and Orville O. Greene, Special Agent in Charge, U.S. Drug Enforcement Administration. Other agencies that have assisted the task force with the investigation include the Franklin County Sheriff’s Office, HIDTA Task Force, IRS-Criminal Investigation, FBI, Ohio Bureau of Criminal Investigations (BCI), Ohio National Guard Counter Drug Task Force, Pickerington Police Department, New Albany Police Department, and the Fairfield County Sheriff’s Office SWAT Team.

    Assistant United States Attorneys Timothy Prichard and Emily Czerniejewski are representing the United States in this case.

    This investigation is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. More information about OCDETF can be found at https://www.justice.gov/OCDETF.

    # # #

    MIL Security OSI

  • MIL-OSI Security: FBI Cleveland Seeking Victims in AEM Fraud Investigation

    Source: US FBI

    CLEVELAND, OH—The FBI Cleveland Field Office is seeking to identify potential victims of Mark Dente doing business as AEM Services LLC. AEM Services LLC, purported to manage a portfolio of real estate investments. Dente, doing business as AEM Services LLC, sold investors securities in this portfolio in the form of promissory notes and LLC interests. The investments were issued from various entities owned or controlled by Mark Dente, originating in the Summit County and/or Akron, Ohio area including:

    • The AEM Services LLC
    • AEM Funding
    • AEM Wholesale LLC
    • AEM Investments LLC
    • AEM Capital Fund

    The division mailed letters via U.S. Mail over the past week from its Victim Services Division to presumed victims and seeks to find additional victims across Ohio and the United States. The FBI wishes to identify those not only victimized by Mark Dente but also other employees of AEM Services LLC (including but not limited to Jason Ramus, Brian Buckham, or Mark Gathagan).

    The FBI encourages the public to share any information relevant to this investigation by completing the case questionnaire https://forms.fbi.gov/aemfraudvictims/view and also asks the public if they know of any others possibly victimized by AEM Services LLC, to encourage them to also complete the form as everyone will have an individual victim and pin identification number.

    The FBI is legally mandated to identify victims of federal crimes it investigates. Victims may be eligible for certain services, restitution, and rights under federal and/or state law. Responses are voluntary but may be useful in the federal investigation and to identify you as a potential victim. Based on the responses provided, respondents may be contacted by the FBI and asked to provide additional information. All identities of victims will be kept confidential. It is important to note that the FBI does not provide updates on investigations and once the respondent has submitted information, they may not hear back from the FBI.

    If people have questions or comments about the case, they are encouraged to email: AEMVictims@fbi.gov. Inquiries about the status of the case will not be addressed; if there are questions about a letter they received, they can call FBI Youngstown Victim Services at (330) 965-2920 and reference file number 318B-CV-3606224.

    MIL Security OSI

  • MIL-OSI Security: FBI Toledo Resident Agency Seeking Bank Robbery Suspect

    Source: US FBI

    On April 2, 2024, at approximately 12:00 p.m., the PNC Bank located at 735 South Main St. Bowling Green, Ohio, 43402, was robbed by an unknown subject. The unknown subject left the bank with an undisclosed amount of money.

    Subject Description:

    • Orange gloves
    • Yellow reflective vest
    • Yellow hooded sweatshirt
    • Dark colored ski mask
    • Dark black glasses

    FBI Toledo Resident Agency and the Bowling Green Police Department are working the crime collaboratively. Information can be submitted to either the FBI at 419-243-6122 or the Bowling Green Police Department at (419) 352-1131. Your identity can remain anonymous. PNC Bank is offering a $5,000.00 reward for any information leading to the identification and arrest of the unknown suspect.

    MIL Security OSI

  • MIL-OSI Security: Medina and Cleveland Men Charged with Fraudulently Obtaining $4.2 Million in COVID Relief Funds

    Source: US FBI

    CLEVELAND – A federal grand jury in Cleveland returned a 13-count indictment charging two individuals for their alleged roles in a scheme to fraudulently obtain approximately $4.2 million in COVID-19 relief funds guaranteed by the U.S. Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Joseph Oloyede, 61, of Medina, Ohio and Edward Oluwasanmi, 61, of Willoughby, Ohio are charged with conspiracy to commit wire fraud, wire fraud, and money laundering offenses.

    According to the indictment, from in or around April 2020, and continuing through on or about February 28, 2022, Oloyede and Oluwasanmi devised a scheme to defraud the SBA and financial institutions by obtaining COVID-19 relief funds from the SBA’s Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP) under false pretenses. The indictment states that Oloyede and Oluwasanmi submitted PPP and EIDL loan applications containing false information for entities under their control and submitted falsified tax and wage documents to support these applications. The indictment alleges that they obtained approximately $1.2 million in SBA funds for Oluwasanmi’s entities and $1.7 million for Oloyede’s entities. Oloyede is also alleged to have submitted falsified PPP and EIDL loan applications in the names of other co-conspirators and confederate borrowers and their businesses, obtaining approximately $1.3 through those applications, for a total of at least $4.2 million obtained through the fraud.

    An indictment is only a charge and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt. If convicted, the Defendant’s sentence will be determined by the Court after review of factors unique to this case, including the Defendant’s prior criminal record, if any, the Defendant’s role in the offense, and the characteristics of the violation. In all cases, the sentence will not exceed the statutory maximum, and in most cases, it will be less than the maximum.

    This investigation was conducted by the U.S. Department of Transportation – OIG, as part of the Pandemic Response Accountability Committee Fraud Task Force, Cleveland FBI, and IRS – Criminal Investigation. This case is being prosecuted by Assistant U.S. Attorney Edward Brydle.

    MIL Security OSI

  • MIL-OSI Security: Armed Bank Robbery Lands Oklahoma City Man in Federal Prison for More Than a Decade

    Source: US FBI

    OKLAHOMA CITY – Yesterday, AKIN ZHON WOFFORD, 29, of Oklahoma City, was sentenced to serve 135 months in federal prison for armed bank robbery and possessing and brandishing a firearm in furtherance of a crime of violence, announced U.S. Attorney Robert J. Troester.

    On February 7, 2023, a federal grand jury returned a two-count Indictment against Wofford, charging him with armed bank robbery and possessing and brandishing a firearm in furtherance of a crime of violence. On August 21, 2024, a federal jury convicted Wofford on both counts.

    According to evidence presented at trial, on November 7, 2022, Wofford entered a branch of City National Bank and Trust in Oklahoma City. After he waited several minutes in the lobby, Wofford pulled out a firearm, jumped over the teller counter, pointed it at a bank employee, and demanded money. Wofford then opened the teller drawer and grabbed handfuls of cash before he exited the bank. An investigation into the vehicle used during the bank robbery ultimately led authorities to Wofford. He was arrested on November 18, 2022.

    At the sentencing hearing on January 9, 2025, U.S. District Judge David L. Russell sentenced Wofford to serve 135 months in federal prison, followed by three years of supervised release. In announcing the sentence, the Court noted the circumstances of the offense, including the risk of danger caused by the robbery, and Wofford’s history of violence.

    This case is the result of an investigation by the FBI Oklahoma City Field Office and the Oklahoma City Police Department. Assistant U.S. Attorneys Daniel Gridley and Stanley J. West prosecuted the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    Reference is made to public filings for additional information.

    MIL Security OSI

  • MIL-OSI Security: Nevada Man Sentenced to Federal Prison for Stealing COVID-19 Relief Funds

    Source: US FBI

    PORTLAND, Ore.—A Nevada man with a lengthy criminal history was sentenced to federal prison today for stealing more than $163,000 in Covid relief program funds while on supervised release for two separate state criminal convictions.

    Justin David Goulet, 36, of Las Vegas, Nevada, was sentenced to 27 months in federal prison and three years’ supervised release. He was also ordered to pay $163,100 in restitution to the U.S. Small Business Administration (SBA).

    According to court documents, in late December 2020, Goulet was released from Oregon state prison after completing concurrent sentences for felony forgery and theft. Less than four months after his release from prison, in April 2021, Goulet devised a scheme to defraud SBA of funds appropriated by Congress to help businesses during the Covid-19 pandemic. Specifically, Goulet applied for two Economic Injury Disaster Loans (EIDLs) and successfully obtained one for $163,100.

    To support his fraudulent applications, Goulet registered a straw company called Statement Venture Group, LLC, and falsely claimed to be doing business as an independent contractor while imprisoned in 2019. He further submitted bogus tax filings, including one purportedly created by a New York accounting firm, to the SBA to substantiate robust (and fictional) revenues and payrolls. Goulet used most of the $163,000 he obtained on travel, living expenses, cars, and illegal drugs.

    On February 8, 2022, a federal grand jury in Portland returned an indictment charging Goulet with wire fraud and, on August 30, 2022, he pleaded guilty.

    This case was investigated by the SBA Office of Inspector General and the FBI. It was prosecuted by Ryan W. Bounds, Assistant U.S. Attorney for the District of Oregon.

    Since January 2021, more than 50 people have been charged in the District of Oregon for their roles in fraud schemes targeting federal Covid relief programs. Together, these defendants attempted to steal more than $778 million in federal funds. 23 individuals have been convicted for their crimes and sentenced to a combined total of 477 months in federal prison and 894 months of probation and/or supervised release. 

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Justice Department’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 United Kingdom: Greater Manchester to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    News story

    Greater Manchester to benefit from recent trade deals

    Trade deals with India, US and the EU that have seen tariffs on key industries slashed are set to help drive growth in Greater Manchester.

    • Prime Minister to meet with the Mayor of Greater Manchester Andy Burham to discuss the benefits of the recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • The deals benefit the automotive sector that supports 15,000 jobs.

    Trade deals with India, US and the EU that have seen tariffs on key industries slashed are set to help drive growth in Greater Manchester. 
      
    Reductions in tariffs on automobile exports have provided security for 15,000 workers.   

    Opens up the region to greater investment to grow the economy, raise living standards and put more money into working people’s pockets – priorities of our Plan for Change. 

    Prime Minister Keir Starmer said: 

    The trade deals that we have closed delivers stability for the automotive sector in the region that employs 15,000 workers.

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.  

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across Greater Manchester.

    32,962 people employed in agriculture across the North West will also benefit from our trade deal with the EU. It will reduce checks and red tape, meaning produce grown and farmed in the region has easy access to the UK’s biggest trading partner. 

    British steel exports are also protected from new rules and restrictive tariffs from the EU, supporting 4,300 people working in the steel industry across the North West. 

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.   

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.   

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in Manchester, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    India is a significant marker for the Northwest where over 900 business exported goods worth £412 million last year. 

    Home to iconic car companies such as Jaguar Land Rover and Bentley, this sector will benefit from measures that reduce automative tariffs from over 100% to 10% under a quota.

    This is in addition to the region welcoming investment from businesses in India with IndiGo, India’s biggest airline carrier choosing Manchester as its first ever European destination. 

    Manchester Airport Managing Director Chris Woodroofe said: 

    At Manchester Airport, our mission is to connect the North with the world, helping people visit new places, connecting businesses with key global markets, and welcoming tourists and investors to our region.  

    That is why I am proud that IndiGo – India’s biggest carrier – has chosen Manchester, alongside Amsterdam, as its first ever European destinations.   

    We know connectivity is a key enabler of trade and productivity. By providing direct access to the world’s fastest-growing major economy, this route will deliver a significant boost to the government’s economic growth mission and coincides perfectly with new of a new UK-India trade deal.

    In the same week as the agreement with India, we negotiated the first of its kind deal with the US to reduce tariffs on car exports. Both of these arrangements secure greater certainty for the sector, the 15,000 workers and their families, while also enhancing opportunities for manufacturing in the region to grow. 

    Manchester will also benefit from access to India’s growing telecommunications market and the commitment in our US deal to increase digital trade and access for the world leading industries in the city. 

    Just this week, the Prime Minister confirmed a new agreement with the European Union that will deliver on his core mission to grow the economy, create more jobs in South Yorkshire, raising living standards and put more money in people’s pockets.   

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Hull and East Yorkshire to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    Hull and East Yorkshire to benefit from recent trade deals

    Hull and East Yorkshire’s top job creators including the life sciences and auto industry are set to benefit from the UK’s new trade deals with India and the US that slashes tariffs and boosts access to the world’s fastest growing economy.

    • Prime Minister to meet with the Mayor of Hull and East Yorkshire Luke Campbell to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • Boost for top job creators including pharmaceuticals that employs almost 2,000 and the automotive industry that employs 3,000 people in the region.

    Hull and East Yorkshire’s top job creators including the life sciences and auto industry are set to benefit from the UK’s new trade deals with India and the US that slashes tariffs and boosts access to the world’s fastest growing economy. 

    The US deal negotiated by the Prime Minister deliver long term certainty for 3,000 people employed in the auto industry locally and almost 2,000 in pharmaceuticals. 

    It also will deliver opportunities for major job creators in the region such as Smith + Nephew and Advanced Wound Management to grow – the first priority of our Plan for Change. 

    Prime Minister Keir Starmer said:  

    The trade deals that we have closed delivers stability in the automotive and pharmaceuticals industry in Hull and East Yorkshire that employs 5,000 people. 

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across Hull and East Yorkshire.

    Over 31,000 people employed in agriculture across the region will also benefit from our agreement with the EU. It will reduce checks and red tape, meaning regional specialties like crab, Yorkshire Pudding and cheeses will have easy access to the UK’s biggest trading market. 

    The agreement also protects British steel exports from new EU rules and restrictive, providing further security for 8,400 jobs in the steel industry across Yorkshire and the Humber. 

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.  

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.  

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in East Yorkshire, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Our increased trade with India will unlock opportunities for every region in the UK to access the world’s fastest growing major economy, including Hull and East Yorkshire. In the same week, we negotiated the first of its kind agreement with the US that will reduce car export tariffs from 27.5% to 10% – providing 3,000 workers in Hull and East Yorkshire with long-term security and certainty.  

    The agreement also secures the UK preferential access to the US market for pharmaceuticals in the case of new US tariffs in coming weeks, and we are working closely to get the best deal for our pharma industry that supports 2,000 jobs in Hull and East Yorkshire. 

    Just this week the Prime Minister acted in the national interest by confirming a new agreement with the EU that will deliver on our core mission to grow the economy, creating more jobs in Hull and East Yorkshire and putting more money in people’s pockets.  

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: West Yorkshire to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    West Yorkshire to benefit from recent trade deals

    The three trade deals that we have struck in three weeks will benefit manufacturing that employs nearly 10% of all people in West Yorkshire.

    • Prime Minister to meet with the Mayor of West Yorkshire Tracey Brabin to discuss the benefits of his recent trade deals.
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change.
    • The deals benefit local manufacturing which employs nearly 10% of people in the region.

    The three trade deals that we have struck in three weeks will benefit manufacturing that employs nearly 10% of all people in West Yorkshire.  

    Reducing India’s tariffs on machinery, slashing tariffs on car exports in both deals and our agreement with the US to remove the 25% tariff on steel provides stability for the biggest employers in the region like Hitachi, Bombardier and Siemens.  

    This means greater job security for workers, stronger economic growth to create more jobs and higher living standards across West Yorkshire.  

    Prime Minister Keir Starmer said:

    The trade deals that we have closed delivers stability for manufacturing in West Yorkshire that employs 10% of people in the region. 

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.  

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve people’s lives across West Yorkshire.

    Over 31,000 people employed in agriculture across the region will also benefit from our agreement with the EU. It will reduce checks and red tape, meaning regional specialties like crab, Yorkshire Pudding and cheeses will face easy access to the UK’s biggest trading market. 

    The agreement also protects British steel exports from new EU rules and restrictive, providing further security for 8,400 jobs in the steel industry across Yorkshire and the Humber. 

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.   

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.   

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in West Yorkshire, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Our increased trade with India will unlock opportunities for every region in the UK to access the world’s fastest growing economy, including West Yorkshire. Aeroservices, a leading global player in the aviation industry headquartered in Leeds, has also praised the India trade deal, which will enable them to level up the office they opened in Bangalore back in 2022. 

    Under the Free Trade Deal that was concluded, India has agreed to reduce tariffs on products including machinery, enhancing the region’s renowned engineering sector.  

     Based on 2022 trade alone, India will cut tariffs worth over £400 million when the deal comes into force, which will more than double to around £900 million after 10 years.    

    Formed in 1824, Group Rhodes designs and manufactures advanced metal, heavy ceramic and composite forming machinery.

    Mark Ridgway, CEO of Group Rhodes, said:

    As a manufacturer of advanced metalforming machinery used in the forming and lightweighting of aircraft, India is a strong market for Group Rhodes and offers significant growth potential. 

    The recent UK-India trade deal not only sets the scene for reduced tariffs on machinery but also serves to both enhance our competitiveness as a UK exporter and reduce the complexity of trade with this fast-growing market.

    In another win for a historic part of the West Yorkshire economy, India has committed to reducing tariffs on UK textiles – that will give local firms access to India’s booming middle class.  

    In the same week, we negotiated the first of its kind agreement with the US that will reduce tariffs on UK car exports and remove tariffs on steel, protecting two key industries in the region that employ thousands of people.  

    The US deal also contains provisions to streamline custom rules on textiles and clothes made in West Yorkshire, making it easier for small and medium sized businesses to enter the US market.  

    Just this week, the Prime Minister confirmed a new agreement with the European Union that will deliver on his core mission to grow the economy, create more jobs in West Yorkshire, raising living standards and put more money in people’s pockets.   

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Lincolnshire to benefit from recent trade deals

    Source: United Kingdom – Executive Government & Departments

    Press release

    Lincolnshire to benefit from recent trade deals

    Manufacturing and farming in Greater Lincolnshire are set to benefit from the UK’s new trade deals with India, the US and EU.

    • Prime Minister to meet with the Mayor of Greater Lincolnshire Andrea Jenkyns
    • Comes as we’ve nailed three trade deals in as many weeks to deliver growth that is a priority for the Plan for Change
    • Delivers welcome boost and security for the manufacturing industry that employs 39,000 workers

    Manufacturing and farming in Greater Lincolnshire are set to benefit from the UK’s new trade deals with India, the US and EU.  

    The deals negotiated by the Prime Ministers deliver long-term certainty for 39,000 jobs in Greater Lincolnshire’s manufacturing sector, including 2,700 steel workers in Scunthorpe. 

    Our deal with the EU will benefit around 100,000 people (including in food retail) that are employed in the county’s food sector. It means less checks and red tape so that farmers and producers who grow food in Lincolnshire now have easy access to the EU, the UK’s biggest trading partners.  

    Prime Minister Keir Starmer said:   

    These trade deals that we have closed delivers stability for 39,000 workers employed in the manufacturing sector in Greater Lincolnshire. 

    It also will create opportunities for more seamless trade, attracting inward investment that will grow the local economy and make a difference to people’s lives.    

    These changes will be felt everywhere, whether it’s lower food prices at the checkout, more choice for consumers and higher living standards that will improve livelihoods across Greater Lincolnshire.

    The Prime Minister will tell the English Mayors and the Leaders from the Devolved Governments at a meeting of the Council of Nations and Regions in London today (Friday 23 May) that his trade deals with India, the United States and the EU will deliver economic growth that will improve people’s lives at home.      

    He will challenge those in attendance to drive economic growth in their local areas to deliver for working people.     

    Business and Trade Secretary Jonathan Reynolds said:

    The three landmark deals secured this month with the US, India, and the EU have shown this government is serious about striking the deals that our businesses want and need. 

    We are delivering billions for the UK economy and wages every year as part of our Plan for Change. For businesses in Greater Lincolnshire, these deals will mean stability and jobs protected as they seize new opportunities to sell to some of our biggest trading partners.

    Just weeks after he stepped into support the UK steel industry that was on the brink of collapse, the Prime Minister has negotiated the 25% tariff down to zero, meaning that UK steelmakers, like British Steel in Scunthorpe can carry on exporting to the US.   

    The UK exported £343 million in primary steel products to the US in 2024, so the deal agreed supports the viability of 40,000 jobs in the industry nationwide, including 2,700 workers in Scunthorpe and their families.  

    Lisa Coulson, British Steel’s Interim Chief Commercial Officer, said:  

    Europe is a strategically important market for our business, so we whole-heartedly welcome this agreement and the new working relationship between the UK and EU.  

    It will enable us to deliver more of the high-quality products synonymous with the British Steel name and support our drive to be one of the world’s leading manufacturers of steel.

    In the same week, the Prime Minister agreed a trade deal with India that could see cheaper prices and more choice on products including clothes, footwear, and food products. 

    From this position of strength, we also upheld our red lines on standards including in agriculture, meaning that produce farmed in Greater Lincolnshire has been protected.  

    At today’s meeting of the Council of Nations and Regions the Prime Minister will also lead discussions about spreading AI to help working people access the services that they need in their local areas.

    Updates to this page

    Published 23 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Speech by SITI at HKSTP x Würth Elektronik Advanced Manufacturing in Hong Kong: Enabling Global Microelectronics Innovations (English only)

    Source: Hong Kong Government special administrative region

         Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at HKSTP x Würth Elektronik Advanced Manufacturing in Hong Kong: Enabling Global Microelectronics Innovations today (May 23):

    Albert (Chief Executive Officer of the Hong Kong Science and Technology Parks Corporation, Mr Albert Wong), Thomas (Chief Executive Officer of Würth Elektronik eiSos Group, Mr Thomas Garz), distinguished guests, ladies and gentlemen, 

         Good afternoon. It is my pleasure to join you today to celebrate the launch of the Engineering Service Programme, a groundbreaking partnership between Hong Kong Science and Technology Parks (HKSTP) and Würth Electronics at the Advanced Manufacturing Centre (AMC). This collaboration marks a significant milestone for Hong Kong’s innovation and technology (I&T) ecosystem, as Würth Electronics expands its footprint from R&D (research and development) to advanced manufacturing in our city.  

         As a global leader in electronic components, Würth Electronics is synonymous with innovation, precision, and reliability, the qualities that have made it the key partner of industry giants worldwide. By establishing new engineering, testing, and logistics centres at the AMC, Würth Electronics places its confidence in Hong Kong as an ideal hub for cutting-edge innovation and advanced manufacturing. This move also underscores Hong Kong’s unique advantages: our world-class talent, robust R&D capabilities, and seamless connectivity to global markets.

         And this is just the beginning. The Engineering Service Programme will equip our local ecosystem with specialised tools and expertise, accelerating progress in microelectronics and advanced manufacturing. From R&D to prototyping and small-scale production, this programme will support companies at every stage – perfectly aligning with the Government’s strategy to foster high-value, tech-driven industries and cement Hong Kong’s role in the global I&T landscape. With Würth Electronics’ global network and HKSTP’s local support, the programme is poised to become a testing ground for next-generation industrial solutions.

         Hong Kong has long been a frontrunner in microelectronics, and we are building on this strength. Through initiatives like the New Industrialisation Acceleration Scheme and the establishment of the Hong Kong Microelectronics Research and Development Institute, we are providing targeted support for these critical sectors. Beyond that, we are investing heavily in infrastructure, talent development, and strategic partnerships – all to build a thriving, future-ready I&T ecosystem.  

         This partnership is a prime example of how public-private collaboration can drive innovation forward. Once again, my congratulations to Würth Electronics and HKSTP for their bold leadership in shaping Hong Kong into a global microelectronics hub. Together, let us unite the Government, the industry, academia, research and investment sectors to unlock even greater opportunities for technological advancement and economic growth. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Film Archive to present “Legends of HK Film Comedies, 1980s and 1990s” exhibition (with photos)

    Source: Hong Kong Government special administrative region

    Film Archive to present “Legends of HK Film Comedies, 1980s and 1990s” exhibition  
         Hong Kong comedy films thrived in the 1980s and 1990s, and many of the popular works produced at the time are now regarded as classics. Through different angles in three thematic zones, the exhibition outlines the local comedy film scene in these two decades.
      
         In the exhibition zone “Roomfuls of Laughter”, nearly 100 exhilarating excerpts from classic Hong Kong film comedies will be screened under four themes, namely “Classic Combos”, “The Art of Exaggeration”, “Laughing with the Times” and “The Nonsensical Art of Mo Lei Tau”. Comedies include “Wheels on Meals” (1984), “It’s a Mad, Mad, Mad World” (1987), “All for the Winner” (1990), and “Forbidden City Cop” (1996), which are selected to depict and deconstruct the design and tactics of the jokes in comedy films.
     
         The other zone in the exhibition, “Oral History: Our Comedy Hour”, will screen two thematic videos of interviews with filmmakers including Wong Jing, Clifton Ko, Tenky Tin, Alfred Cheung and Mak Kai-kwong, along with actors including Teresa Mo and Sandra Ng. The two videos are titled “The Birth of Comedy” and “Behind the Jokes: The Making of a Comedian”. The former unveils the development and creative process of Hong Kong comedy films from aspects such as creative inspiration, story concept and casting, while the latter explores how actors characterise their roles, interact with other actors and provide reflections on their film careers, illustrating the professionalism of Hong Kong comedy film stars.
     
         Decorated as a karaoke lounge, which was popular in the 1980s and 1990s, the exhibition zone “Happy Karaoke Sing-A-Long” features more than 20 theme songs or interludes in film excerpts, including “Ex-love is Like a Dream” from “92 The Legendary la Rose Noire” (1992), “A Love Affair” from “Let’s Make Laugh” (1983) and “We Meet Again Stranger” from “All’s Well End’s Well” (1992). Visitors can enjoy the songs in the videos and revisit the enduring pop culture comedy moments. 
     
         The exhibition features installations for visitors to take pictures for their joyful moments, including a “poster waterfall” comprising numerous posters of classic comedy films, such as “All the Wrong Clues (…For the Right Solution)” (1981), “Aces Go Places” (1982) and “Sixty Million Dollar Man” (1995). There is also a Comedy Wall of Fame displaying actors and filmmakers’ insights into comedy films, as well as a feature wall which integrates multiple classic comedy scenes and iconic landmarks of Hong Kong, such as the Bank of China Tower, the Clock Tower in Tsim Sha Tsui and the Hong Kong Cultural Centre.
     
         Two seminars will be held during the exhibition period. The first seminar will be held at the HKFA Cinema on June 22 (Sunday), featuring director Clifton Ko and actress Teresa Mo, and hosted by veteran film critic Thomas Shin. Details of the second seminar will be announced on the HKFA website (www.filmarchive.gov.hk 
         Admission is free. For details of the exhibition, please visit
    www.filmarchive.gov.hk/en/web/hkfa/2025/comedy-e/pe-event-2025-comedy-e.html 
         This year, the LCSD presents the third Hong Kong Pop Culture Festival, themed “More Than Joy”. For more information, please visit
    www.pcf.gov.hkIssued at HKT 15:00

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    MIL OSI Asia Pacific News