Category: Economy

  • MIL-OSI USA: SBA Relief Still Available to New Mexico Small Businesses and Private Nonprofits Affected by Severe Storm and Flooding

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in New Mexico of the Aug. 1, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storm and flooding occurring Oct. 19-20, 2024.

    The disaster declaration covers the New Mexico counties of Chaves, De Baca, Eddy, Lea, Lincoln, Otero and Roosevelt.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Aug. 1.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to Cheyenne River Sioux Tribe Small Businesses and Private Nonprofits Affected by July Storms

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in the Cheyenne River Sioux Tribe of the Aug. 1, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe storm, straight-line winds and flooding occurring July 13-14, 2024.

    The disaster declaration covers the Cheyenne River Sioux Tribe as well as the South Dakota counties of Corson, Dewey, Haakon, Meade, Pennington, Perkins, Potter, Stanley, Sully, Walworth and Ziebach.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “SBA loans help eligible small businesses and private nonprofits cover operating expenses after a disaster, which is crucial for their recovery,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “These loans not only help business owners get back on their feet but also play a key role in sustaining local economies in the aftermath of a disaster.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Aug. 1.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI: Banco Santander Chile welcomes Andrés Trautmann Buc as the Bank’s New CEO and Country Head

    Source: GlobeNewswire (MIL-OSI)

    SANTIAGO, Chile, July 01, 2025 (GLOBE NEWSWIRE) — (NYSE: BSAC; SSE: Bsantander). Andrés Trautmann Buc was officially welcomed as the new CEO and Country Head of Banco Santander Chile (“Santander Chile” or the “Company”), an appointment previously announced last February, in the presence of Héctor Grisi, CEO of Banco Santander. Trautmann thus replaces Román Blanco, who is leaving the Chilean subsidiary after a successful tenure with the bank.

    At the meeting, which was attended via streaming by all employees across the country, Grisi thanked Román Blanco for his work over the years, highlighting the strong position of the Chilean subsidiary in terms of results and market share. “The Group is proud to have a bank like Santander Chile: number one in loans, with practically one in three SMEs in the country as a client, and an ROE of 25.9% in a highly competitive environment. We must be Best in Class in each of the markets in which we operate, and to achieve this, it is essential to combine our local presence with the strength of our global scale. That is our greatest strength; we have exceptional teams and a solid culture. Developing it to its full potential is the great challenge we face.” Thus, the executive addressed the bank’s employees, asking them to “give Andrés the same support they gave Román, because having a team that supports him is essential.”

    For his part, Trautmann stated, “I am deeply proud to represent Santander Chile in this new position, a leading bank in the local industry that has made significant contributions to the Group’s global objectives. I know I have a first-class team with whom we will continue to dedicate ourselves strongly to supporting the progress of people and companies with innovative products and services that make their daily lives easier and boost the development of their businesses.”

    In his first appearance as CEO and country head, Trautmann emphasized that “Santander is present in key markets in Europe and the Americas. One of our key goals is precisely to leverage this global capacity and, through our experience and market knowledge, contribute to the growth of Chilean companies that are the driving force of our economy. We also want our more than 4.3 million customers to have a similar service experience in the different geographical areas where the Group operates, so that they feel part of an international entity. This is what they can experience today through the Work/Café branch network deployed in more than nine countries.”

    For his part, Román Blanco stated that “over these three years, we have made great progress in a context where digital banking is advancing rapidly. In this context, we strengthened the growth of Getnet, also adding new features, and Santander Consumer Finance, in addition to the launch of digital accounts and new ways of serving our customers, such as the Work/Café Expresso model.” The executive concluded by thanking “everyone who has been part of this journey over these three years and who has made it possible to accomplish all these achievements. Chile is a country of multiple opportunities and great growth potential. I am convinced that Santander is in the best hands, because through Andrés’s leadership, his business vision, and his ability to work as a team, they will be able to face the new challenges of this industry and achieve the goals we have set for ourselves.”

    Local Perspective with International Experience
    Trautmann, who holds a degree in Business Administration from the University of Chile, has a distinguished career at Santander, having joined the Group in 2007. He began his career as Head of Institutional and Corporate Sales at Santander Chile, then, between 2010 and 2012, he was in charge of Structured Products Sales in London for Santander UK. From 2013 to 2018, he was responsible for Andean Region Sales for Goldman Sachs in New York. That year, he assumed the position of Head of Markets for Santander’s local subsidiary until 2021, when he was appointed Executive Vice President of CIB at Santander Chile, a global division that supports corporate and institutional clients with high-value-added services, products, and solutions.

    From his initial position at Markets, he has led significant achievements such as tripling the growth of the Sales and Trading business and then, from CIB, the Investment Banking area, also driving the expansion of CIB products in large companies, leveraging the global capabilities of the Santander Group. Recently, the executive has also added the Corporate and Institutional Banking and Santander Consumer Finance businesses to his responsibilities, which has given him a comprehensive view of the bank’s management.

    As of March 31, 2025, the bank had total assets of Ch$67,059,423 million (US$70,284 million), total gross loans (including those owed by banks) at amortized cost of Ch$41,098,666 million (US$43,075 million), total deposits of Ch$30,607,715 million (US$32,080 million), and bank owners’ equity of Ch$4,400,233 million (US$4,612 million). The BIS capital ratio was 16.9%, with a core capital ratio of 10.7%. As of March 31, 2025, Santander Chile employed 8,712 people and had 237 branches throughout Chile. Banco Santander Chile is one of the companies with the highest risk ratings in Latin America, with an A2 rating from Moody’s, A- from Standard & Poor’s, A+ from the Japan Credit Rating Agency, AA- from HR Ratings, and A from KBRA. All of our ratings have a stable outlook as of the date of this report.

    CONTACT INFORMATION
    Investor Relations
    Banco Santander Chile
    Bandera 140, Floor 20
    Santiago, Chile
    (562) 26483583

    Email: irelations@santander.cl
    Website: www.santander.cl

    The MIL Network

  • MIL-OSI: Little Pepe Surpasses $3,000,000 Presale Milestone, Ignites Hype Across EVM Layer 2 Meme Space

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, July 01, 2025 (GLOBE NEWSWIRE) — Viral meme token LILPEPE has already raised over $3 million and is currently in its 4th presale stage, priced at just $0.0013. It’s shaking up the EVM Layer 2 space by merging meme culture with serious blockchain utility—offering lightning-fast transactions, ultra-low fees, and full Ethereum compatibility through the Little Pepe Chain. This innovative blend of virality and infrastructure positions $LILPEPE as a standout project in the next generation of meme space.

    Little Pepe: A New Era of Meme Token Beyond the Hype

    Meme coins have long been viewed as novelty acts—fun, speculative assets with little intrinsic value. But times are changing, and Little Pepe is leading that transformation. Designed from the ground up as a high-speed, low-cost Layer 2 blockchain, the Little Pepe sets a new technical standard while embracing the energy and virality of meme culture.

    Where most meme coins rely solely on community-driven momentum, Little Pepe fuses utility and scalability, making $LILPEPE a token with a real role to play. Built as an ERC-20 token on the Little Pepe, $LILPEPE is more than just a meme fun—it’s the token of a growing ecosystem.

    EVM-Compatible Layer 2: Speed Meets Scalability

    The Layer 2 ecosystem has gained major traction in recent years, especially as Ethereum continues to face scalability and gas fee challenges. Little Pepe addresses those concerns head-on with a network engineered for efficiency. EVM compatibility ensures seamless integration with existing Ethereum-based dApps and wallets, making it easy for developers and users alike to migrate or interact without friction.

    This design choice positions the Little Pepe not just as another Layer 2 solution, but as a meme-powered blockchain that doesn’t sacrifice performance. Its lightning-fast transactions and near-zero gas fees mean users can transact, play, mint, or trade without ever worrying.

    $LILPEPE Presale: Over $3 Million Raised

    $LILPEPE’s presale performance can be a strong indicator of long-term growth. Little Pepe has already crossed the $3 million mark in presale funding, currently sitting in Stage 4. This surge of capital has come from many crypto whales.

    More so, the presale is exclusively available via littlepepe.com, giving investors a chance to get in early before listing on the exchanges. With four stages already underway and a growing community behind it, the momentum is clear.

    Viral Meme Token $LILPEPE

    Timing in crypto is everything, and $LILPEPE arrives at a critical inflection point. Meme coins like PEPE, SHIB, and DOGE have shown that massive gains are possible, but also highlighted the volatility of hype-driven assets. By building real infrastructure beneath the meme, Little Pepe is aiming for something more sustainable.

    The crypto world is hungry for innovation, but also for culture—and Little Pepe provides both. Its blend of humor, decentralization, and technical performance may well mark the arrival of the next big crypto narrative: meme coins with purpose.

    Furthermore, whether you’re a meme enthusiast, a DeFi investor, or someone scouting the next big altcoin breakout, Little Pepe offers something rare in this market: a reason to believe that fun, function, and finance can coexist. With over $3 million raised, a powerful utility token, and a purpose-built Layer 2 chain, $LILPEPE may be early—but it’s already unstoppable.

    About Little Pepe

    Little Pepe is a next-gen Layer 2 blockchain designed to merge meme culture with high-speed, low-cost decentralized infrastructure. Built for scalability, security, and accessibility, Little Pepe supports EVM-compatible applications and is powered by means of the $LILPEPE token. The project’s mission is to create a meme coin environment wherein utility meets virality, empowering users through cutting-edge technology and lightning-fast transactions.

    For more information:
    Website: https://littlepepe.com/
    Telegram: https://t.me/littlepepetoken
    Twitter: https://x.com/littlepepetoken

    Contact Details:
    COO-James Stephen
    media@littlepepe.com

    Disclaimer: This content is provided by Little Pepe. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. GlobeNewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4cbb184f-d963-4852-a67a-486c5bb4b5bb

    The MIL Network

  • MIL-OSI Economics: Podcast: Microsoft EVP Rajesh Jha on leading with courage in the AI era

    Source: Microsoft

    Headline: Podcast: Microsoft EVP Rajesh Jha on leading with courage in the AI era

    MOLLY WOOD: That was Rajesh Jha, Microsoft’s Executive Vice President for Experiences and Devices. As a key figure at the helm of Microsoft’s product innovation, he leads a team of tens of thousands of people around the world who have worked to integrate AI into Windows and tools like Microsoft 365, Teams, and more. He’s also a key member of the company’s senior leadership team, which works directly for Microsoft Chairman and CEO Satya Nadella. In this episode, Jha shares his perspective on navigating the complexities of how AI is changing the way we work, and he offers actionable advice on how leaders have to adapt, compete, and bring their people along with them. And now my conversation with Rajesh. Rajesh, thank you so much for being on WorkLab today.  

    RAJESH JHA: Thank you, Molly, for hosting me. It’s a real pleasure to be here with you.  

    MOLLY WOOD: You have more than 30,000 employees, and you run a $100 billion business, which is more than most CEOs do. What are just some of the many lessons I’m sure you have learned from running such a huge organization? 

    RAJESH JHA: It’s been a real privilege to be at Microsoft through so many of the growth years. When I reflect back on my career, there are a few things that are enduring. The mission matters because through the ups and downs, if you have a sense of purpose, you have a North Star, that really does matter. And Microsoft has been really great to always be grounded in our customer successes, our success—this theme of empowerment, from Bill into Steve into Satya. So that was definitely number one. The second thing that I would say is, it seems very trite, but it has really worked for me specifically and my team, is, whenever we are looking at a hard strategic call, we start from, how would the customer react to the decision that we’re making, that has been incredibly grounding, so that’s been enduring. Of course, the team matters, the culture matters, because that’s where the work gets done. And then finally, managing a large business is about, literally, about figuring out how to make elephants dance, because you have a large-scale business, customers expect us to have a certain level of quality and continuity and predictability. At the same time, they take a bet on us to innovate. And so how do you stay nimble and innovate while also being predictable and trustworthy for customers? That is a hard thing to go do, but absolutely essential. It’s an and, it just can’t be an or.  

    MOLLY WOOD: Well, and Microsoft is an elephant that has danced, quite nimbly, for the last 50 years— 

    RAJESH JHA: Sometime clumsily, sometimes nimbly, yes. [laughter]  

    MOLLY WOOD: We’ll focus on the nimble—or not, right, based on your experience in bringing new technologies to market and helping to effectuate some pretty major technological innovations. What insights do you have for leaders who are now navigating this AI transformation?  

    RAJESH JHA: I mean, now is the time for leaders to really consider how their businesses, how their teams, how their skill set—how does that evolve in a world where we are looking at, you know, something at the peer of electricity coming into society, or the internet coming into society. And so it’s time to lean forward, and lean forward in a way that makes sense for their businesses or their business process. It is such a big change that it’s going to probably take a decade to play out, but there is no avoiding the sea change that’s underway now. So some bravery, but bravery on customers’ terms. 

    MOLLY WOOD: Yeah. I’m thinking of leaders who may be wary, who may need a dose of that courage. You’ve spoken about being asked by Steve Ballmer to bring Office to cloud, as one example of a transformation that maybe you were a little wary about. Can you walk us through that experience and how it might give a shot of courage for folks today. 

    RAJESH JHA: This was, you know, back maybe 15 years ago, Microsoft was incredibly profitable and the cloud was a question mark for many at Microsoft. A) would this technology be mature enough? B) is the business model, because the margins were going to be lower on the cloud than our old business model of being on premises. Number three, would we be able to transform fast enough? Because Microsoft had grown up being a server company, a client company, and would we be able to transcend that to be about cloud and mobile. And they were all very important questions. And there was a lot of, you know, let’s hold back. Let’s see if this trend is really real or not. And Steve showed incredible courage by going all in. What Steve did was he gave license to people to go and learn, even if we were not perfect on day one. And so the big lesson for me in how Steve started that journey was, leaders, if you have hesitation, whether it’s a business model hesitation or cultural hesitation, skill hesitation, it’s very hard for the teams to rally behind something where the leader themselves are half-hearted. So that was a very big moment for us, because he was unambiguous about, hey, this is the way that software is going to be delivered in the future. This is the way we can democratize the value we bring to customers. And there were a lot of benefits, and we are just going to go all in.  

    MOLLY WOOD: So leaders have to go all in. But I would imagine it’s not a—progress is not always a straight line. 

    RAJESH JHA: No, it wasn’t. And even with us in the cloud, it wasn’t. But the main thing is, leaders have to lead. And when you’re taking a look, the hard things are process, business model change, culture change, skill change. They’re all incredibly hard, and that’s why there has to be a commitment from the top that we are going to see this through. And then we were eyes wide open as what our deficiencies were. And so we didn’t have the right skill set. We trained people, we brought in new people, we embraced the red—all the things that we were not doing well in this new transformation. We were very open, very honest. It just takes leadership to set the tone here and to set the things in motion. 

    MOLLY WOOD: Right, and to your point, persistence and belief that it is the right direction so that you stay on that road even when it gets hard.  

    RAJESH JHA: That is correct, Molly, absolutely. And then one additional point I would make with persistence and belief is, it’s one thing to say it, it’s another thing to allocate resources to that belief. We have a quote, which is, if you really want to see the strategy of an organization, you’ve got to see where they’re allocating resources.  

    MOLLY WOOD: On the one hand, it sounds like you’re saying, get comfortable with chaos—  

    RAJESH JHA: Controlled chaos, Molly. Controlled chaos.   

    MOLLY WOOD: Then of course there’s the question of how not to break things. You know, security becomes a big concern with incorporating AI, doing it in a way that doesn’t introduce more problems. What is your advice for having proper guardrails in place as you transform in the AI age?  

    RAJESH JHA: So, I’m gonna answer that in two parts. Part one is, what do I mean by controlled chaos? So Satya invited Scott Guthrie, myself, Charlie [Bell] as the three big product leaders at Microsoft to go over to Bill’s house to see GPT-4, and Satya’s exact comment to me at that time was, I’ve gotta get you guys to be believers. And he had already seen it. And so he and Kevin Scott, they were already on board about the capabilities. So anyway, we go over to Bill’s house, it was in the kitchen area, where the OpenAI folks had put in a demo and they had a grader who grades AP biology there. The thing that really got me was it was not just the multiple choice questions that the model was doing a great job of, it was doing a great job on the written answers. There was some of the AP biology stuff, I’ve studied some biology, but they were far above my ability to understand. And so I look at all of that, I’m completely blown away. But then, for me, the big moment was when Bill asked the question, what would you say to the parent of a sick child, and the empathy or the humanity, almost, that it was able to convey in the answer was like, I would’ve felt proud to have written such a thoughtful note. And I was like, god, this is really, I mean, we are leaving behind the low-altitude handshake between computing and humanity. We are taking a look at something that can be almost at the pure level. And so now, fast-forward, it’s not that long, two years, and we are at the point where we are talking about agents and digital labor and people working together. 

    MOLLY WOOD: But that was it, that worked. You became believers. 

    RAJESH JHA: For me, that was it. I lead a large organization, and I see lots of cool stuff all the time, and part of my job is to make sure the trains keep running on time, but make sure I’m open-minded about big things. And when big things show up, I try to scope it and manage it. I have never in my 30 years ever gone to my team and said, drop all your plans. And for me, that was it. None of the existing plans matter anymore. I huddled all my senior leaders, and I said, Folks, I want you all to run a hundred miles an hour. It’s going to be very uncomfortable, because we’re going to unleash some amount of chaos, but let’s make sure we harden our processes that this chaos does not make its way to customers. So what I mean by controlled chaos is, if you’re unleashing a lot of activity all at once, you need to have the mitigating controls and the guardrails to make sure the chaos is controlled and managed. And so we huddled together to make sure our processes were hardened. So that’s one of the things with controlled chaos. But one of the guardrails that is not negotiable is security, as you correctly pointed out. So in our implementation of AI, we started very much from the mindset of, how does the AI inherit all the existing security and governance controls that an organization already has? It’s one thing to come and tell them, hey, rethink all your business process, rethink your scaling, rethink how work is done, and rethink your security and governance. It’s just not doable. And so we architected this from the ground up, that, for example, when you use Microsoft Copilot, it is using your permissions, so it only has access to what you have access to. It can never do any more than what you might do as a human. And then we also made sure that it was the mindset of a copilot, not an autopilot, and so the humans were always in control. So this way, whatever governance, data classification, permissions, you know, conditional access, retention policies—whatever a customer had, and how they managed human-to-human conversations, all of that accreted to human-to-AI conversation. That was a very hard guardrail we knew we just could not compromise.  

    MOLLY WOOD: But I want to go back to the example that you just gave, this moment of having this experience and realizing how— 

    RAJESH JHA: Profound. 

    MOLLY WOOD: Profound—exactly—and sophisticated these models were, because those are the kind of moments that give you the faith to go all in. 

    Rajesh Jha: Just to go back to that moment, Molly, I mean, to think as an engineer, as somebody who’s been in the tech industry a long time, who’s been through so many of the transformations, the big takeaway for me was, you know, for the first time computing, so far, human and machine interaction has been very much—machines are very low level. You know, we interact with pixels, we click on things, we read stuff. When I come in to work, I don’t come in to work thinking, oh, I should do 16 minutes of email and then read four documents and then, you know, open that spreadsheet, take a look at that budget. I come in thinking, I’ve got to work on budget today. So I think at a high level of intent, but then my intent to decompose is, either on my device, on a bunch of icons I’m swiping through, flipping from application to application, or going really low level—reading emails and then clicking a link. And so high-level intent gets reduced to low-level clerical work, almost. So when I saw this demo, I was like, Wow, the interaction is going to change. It is not going to be intent and then reduced to low-level stuff. AI is going to have the capability to have a human-to-human-like conversation. So intent, high-level intent to high-level intent, and that was what was the big takeaway for me. This is the computing for the last 35 years. One thing that hadn’t changed was a fundamental interaction pattern between people and their devices, and that was going to change, because now you could express, hey, I want to write a document that has the following three ideas, take a look at the relevant stuff in my enterprise and on the web—and can you compose a report for me? That is the kind of thing that I would tell another human being if there was a new hire in my team and, you know, I was thinking about a project to give them. This is the kind of way I might express the project to them, and then they will go in and do the work, check in with me, and we go back and forth. Now that was going to be possible.  

    MOLLY WOOD: Let’s keep talking about that idea of leveling up. We now live in a world where I may get an email from your account and I may not know if it was written by you or an AI, and that may not matter.  

    RAJESH JHA: You know, in some ways, it’s not that different from what happens for some of us. Let’s say I was to send a large piece of email to my team. I would actually work with my staff and my leadership team to get the latest status on a few things, and then I would put it in my words, and I would send it out. Now, everybody has that ability, because what the copilot does, you know, if I’m responding to a customer today, I go to my engineer who’s working on the customer issues, and say, hey, what is the latest status on this? And I would take a look at some of the other past conversations. I would try and respond to the customer that way. Now the copilot is doing that for me. It’s taking a look at my past emails. It reaches out to the customer service database. It tells me the latest status on this. It creates me a draft that I then go write and I send it out. And in some ways, I get reminded of, my dad used to run a large steel plant in India, and I visited him about 20 years ago. I walked into his office and he was very proud, because they had just gotten email, and I was working at Microsoft, and he had just gotten email. His secretary walked in at that time, and she said, Mr. Jha, I’ve got your morning messages for you, and here’s a message that I’m just going to go reach out to your technical assistant or respond to this person. This one, I know what to do already. This one, what would you like me to tell the customer, this person’s asking for dinner tomorrow. You’re free. And they were done in 15 minutes, and she left. And I looked at my dad, and I said, god, you’re so old-fashioned. Somebody’s actually printing your email, reading and coming and talking to you about it, whereas, look at me, I’m carrying it on my phone. I can get to it anywhere. But now, you know, I understand he was a smart guy, and I’m a digital clerk. I do all the clerical work myself. You know, I’m sorting messages. I’m replying to staff. I don’t come in to work thinking I should be a digital clerk. I come in to work because I want to lead a team, build products and value. That is what AI is now going to do. It’s going to take the clerical part for all of us, and will automate a lot of clerical parts to let the human ingenuity and the creativity and really let us focus on the intent and the meaning of our work.  

    MOLLY WOOD: We need help, Rajesh. We need help. [laughter] Well, speaking of delivering that help to customers, it’s been about a year, year and a half, since Microsoft 365 Copilot launched. Do you have stories from the trenches? Are there fun examples you can share about how this has gone?  

    RAJESH JHA: Really well. Ever since I came to Microsoft, this is the fastest adoption we’ve seen. When a customer buys a license and gives it to an end user, because the copilot is integrated into your user flows in Office, or Teams in a meeting, or so on and so forth, we see very good uptake in usage and retention. Some things that surprised me a little bit—and in hindsight, perhaps not so surprising—is the amount of customizations that customers do want for AI. I have feedback from some customers saying, hey, your AI, I want it to engage more because, you know, we build safety into our AI so it will not engage on some topics. Some customers want it to engage more, some want it to engage less. So they want to customize that. One of the things that some customers ask for is, hey, I would like your AI to not reach out to the web. I only want it to work with the stuff that’s in my enterprise. And I say, yeah, we’ve got that configuration for you. But can I ask you why? If you allow your employees to be able to use the browser and search the web as a part of their job, why is it not okay for the copilot that’s acting on their behalf to reach out on the web and assist them? So I’m surprised with the amount of configuration that enterprises want, which is, of course, enterprises have different business rules and process, so we built many more customizations in M365 Copilot than I had anticipated coming in. 

    MOLLY WOOD: I read some research recently where one of the AI firms said that they had done some analysis and found themselves really surprised at how long the long tail of interactions with AI are.  

    RAJESH JHA: So true. This generation of AI is about information work. It changes how people write, learn, collaborate, read, and so there’s a long tail. Not all of us triage information the same way.  

    MOLLY WOOD: What are some best practices that are starting to emerge? Because certainly every enterprise is going to adopt differently, interact differently, and then have different use cases that may or may not make their experience work.  

    RAJESH JHA: That’s a great question. I would say the successful implementations that we see are the first stage, of course, is to enable people to get productivity boosts with the AI, where the AI is really assisting you. And then the next most important thing that customers end up doing that gives them a real return on investment is to rethink their high-value business process or high-cost business processes, and figure out how to reconfigure that with agents that can automate a bunch of those processes to be either more effective or more efficient. That, I think, is changing the way work happens. For example, if you’re a lawyer and you’re working with a bunch of documents, instead of having—somebody spent a lot of time going through the past relevant briefs and composing a new template. How do you change a new brief creation? How do you change an approval process? How do you change a customer support ticket handling? How do you change a marketing campaign? How do you change a developer workflow? I see customers actually taking a business process, and they are rewiring that for a world where people and AI can work together to automate that, to make it more effective, more efficient. So that is a good best practice, is not trying to solve a hundred business processes, but taking a few and going really deep and measuring the ROI and tweaking that, because then the payoff is right there. 

    MOLLY WOOD: Well, and to dig in a little further, it also sounds like what you’re saying is that companies and CIOs maybe need to commit. Like, if you don’t commit, if you don’t plug Copilot in, if you don’t enable the full Microsoft Graph, if you maybe don’t give access to the web, people are still going to find these tools and use some version of them that might not be as good as they could be if you really do go all in. 

    RAJESH JHA: Yeah, Molly, it’s exactly right. I mean, it goes back to the point we made, which is, leaders, have, you know, leaders have to lead. And the reason why they have to lead here in this transformation is, if a support organization, a marketing organization, engineering organization is wired to work the old way, they are not automatically going to rewire themselves for a world where AI can do a bunch of tasks and people’s tasks change. That’s not going to happen, bottom-up. It’s going to have to happen from the leaders leaning in and saying, okay, you know, am I sure that I have the right compliance and governance and security? Because those are non-negotiable. But once I have that, how do I lead the way where I empower and I get to a world where AI assisting, to agents and people working together? One of the concepts we’ve talked about, and it’s come out in the new Work Trend Index is, corporations, for the longest time, have had static org charts, and every once in a while you do a reorganization and you reconfigure teams for your new evolving business priorities. But those things are not very frequent, nor should they be very frequent, because there’s a huge lag to those things. The way work happens is people, it’s, teams are less static and they’re more outcome-driven. Some of this started to happen post-COVID also, where the fluidity of the team composition was not represented in the org chart. That thing is going to accelerate far more in a world where digital labor and people, agents and people, are going to work together as business processes get rewired. None of this is going to be possible without leaders committing to that. And the way you can commit to it is by taking a few processes that are incredibly important for your business’ top line or your profitability because it’s a high-cost thing, and trying to figure out how to reconfigure those things for people and agents working together in one team. 

    MOLLY WOOD: What do you wish business leaders understood about AI agents to help them make that commitment? 

    RAJESH JHA: The first thing I would just say is, like, it’s not some distant future, it’s happening now. My product management team, they ran a research today of a bunch of different organizations, and this time, you know, usually we talk to 30,000 people across different organizations, 30 different countries. This time, they also reached out to AI-native companies that have started to emerge, so-called frontier companies. And if you take a look at the frontier companies, it is very obvious that the way the distribution of human work and digital labor, how that gets constituted, there’s very interesting patterns that are starting to emerge. The first thing I would just tell leaders is—of established companies such as myself, my peers, and the rest of large organizations—it’s possible today to take full advantage of agents. The security model exists, the identity model exists, the user interface exists. The hard work here is to actually go pick the processes that give you the most bang for the buck and then be rigorous about measuring that. And this is why we invested in something called the Copilot Impact Dashboard, so customers can take their core KPIs and they can measure how the copilot is moving those KPIs. So be rigorous, but be forward-looking. It’s not, hey, let’s just take a leap of faith and let’s get agents everywhere. Be rigorous with security. Be rigorous with governance. Measure the ROI, but pick the processes that you’re going to go add agents to. 

    MOLLY WOOD: It seems like the other tension, in addition to going all in, right, in addition to commitment, is pace, the pace of introducing that change, going fast to keep up to, you know, be pushed properly by Frontier Firms, but not compromising security and guardrails. 

    RAJESH JHA: And so on the pace, it’s a super good tension that you pick up on, and we deal with the tension all the time ourselves at Microsoft. What is hard is to have pace at scale. But what’s not hard is to have pace at smaller scale. I’m not advocating for a large organization to go and say, go rewire all your business process, fast, into the frontier methodology. I’m saying, pick a few that are really important to you and go with base on those, learn from that. Meanwhile, invest in skilling. Meanwhile, invest in assistance for everybody else. And that’s what we do, too, in my team. We want to move very quickly, but we move very quickly in a scoped garden with a few processes, a few customers, and then once we are sure it is mature and it’s ready, do we then scale it out. So, moving fast doesn’t mean move fast all over, all at once, if you’re a large organization. It means you’re moving fast by having picked and assessed. And, you know, which way do you want to go fast and where do you want to go more cautiously, and then take the lessons from moving fast and more broadly. 

    MOLLY WOOD: Right. It’s so valuable to put a fine point on that, because any problem is manageable in component parts. 

    RAJESH JHA: Hundred percent. Hundred percent. And picking is the important thing. But if you pick something unimportant that you’re moving fast on, you’re not really learning a lot either. 

    MOLLY WOOD: Right. Then the other tension, the technology itself is moving really fast, so you might have incorporated something, you’re doing a great job measuring it, and now there’s a whole new tool. How do you advise business leaders to keep up?  

    RAJESH JHA: The playbook is still the same. You have to figure out how to move fast and stay predictable at the same time. And the way you do that is by managing where you move fast and by having rigorous measures of whether the ROI is working out or not. Because you’re a hundred percent right. I mean, the compression of innovation that I’m seeing in the AI wave is like nothing that we’ve seen before in the last 30 years. 

    MOLLY WOOD: So as we talk about committing, you know, it’s one thing to say, maybe give your model access to the web, but there’s this Microsoft Graph that it seems like really unlocks that power. 

    RAJESH JHA: The Microsoft Graph is really not Microsoft’s graph. It is a graph for the customer. It’s owned by the customer. And what it captures is how people inside of their organization work together—the meetings that are important, the documents that have been created, the chats and the projects that people are working on—the business processes that run in their organization, that is all a part of the Microsoft Graph. So you take the power of a reasoning model that now has access to the graph—remember again, the reasoning model has access to the same things that you would as an individual. So when I ask a reasoning model or an agent to work on my behalf on Microsoft Graph, it is working with my permissions. But now it has the ability to read far more, process far more than I would be able to. You take the unique intellectual property of the customer in the graph with all the right permissions overlaid, and then you let AI work on that, along with what’s available in the web, on the world knowledge, your enterprise knowledge—that is the real enabler. So what is great about the researcher in Microsoft 365 Copilot is that it works with your enterprise permissions and your enterprise data, everything that is in the graph. And that is what I think is a real breakthrough. Now you’ve got the makings of a digital employee, somebody who was able to come in, join an organization, and take advantage of all the intellectual property with all the permissioning honored, and take that and be a part of producing output for the company.  

    MOLLY WOOD: Right. I mean, it’s institutional knowledge, like, think about what a great employee I could be if I knew all the context and all the history that a company had gone through. 

    RAJESH JHA: Exactly. And all the relevant, you know, escalations, projects, all of that stuff. 

    MOLLY WOOD: Switching gears a little. You work very closely with Microsoft CEO Satya Nadella. Are there questions that he regularly asks you that you think all leaders should be asking their employees? 

    RAJESH JHA: I think fundamentally my boss, you know, Satya, I mean, he’s pushing me on exactly the set of questions you were asking, on my own organization. The way he describes the priorities that I have and my peer groups have, three priorities—quality, security, and AI transformation, are you moving fast? Fully understanding that quality and security and then moving fast, sometimes are intentions, but that’s what he’s saying. Are you doing your job to do all of these at the same time? A lot of the thrust of his conversations, questions are, are you evolving your own team to be frontier, and what’s getting in your way? Because whatever we learn then applies to our customers. So are we applying the same methodology to make your enterprise-grade securities non-negotiable. And then at the same time, are you moving fast to take full advantage? Are you really rethinking your production functions? So I would say all of his questions and interactions distill into these three things, and are we doing a good job balancing these three things.  

    MOLLY WOOD: This company has reinvented itself many times. What are the key lessons that we and all business leaders should take from those reinventions? 

    RAJESH JHA: I would say again, mission matters. Through those 50 years, our mission is a theme around empowerment, so number one. Number two, I would say is, team culture matters, of course, because the how and where the work—there’s no substitute for that. But then I would say you gotta do the and, it’s never an or. How do you stay scaled and perform while waiting and disrupting at the same time? That comes down to strong leadership, it comes down to good processes. Then, what you touched on that I want to reiterate is, you know, just resiliency. We didn’t get everything right in the last 50 years. We made mistakes, but being resilient, learning from the mistakes, embracing the red so we can do a better job the next time. I think those are all components that I would just say we benefited from having incredible CEOs from Bill and Steve and Satya, so that has been an amazing, you know, learning experience for me and many others to work with those three amazing individuals.  

    MOLLY WOOD: If our listeners could take away one actionable AI-related insight from you, what would it be? 

    RAJESH JHA: I would say, go embrace agents. Pick out your most important processes, reimagine them how agents and digital labor can rewire that. 

    MOLLY WOOD: We love to ask our WorkLab guests how they are using AI themselves, either at work or in your personal life. Are there use cases that have been really helpful for you that you’re willing to talk about? 

    RAJESH JHA: Yeah, the one thing we didn’t talk about that I feel is just mind-blowing, is this reasoning models. You know, today, Molly, you and I going back and forth, then you ask me a hard question, I’ll give you an answer off the cuff. But if you tell me, Rajesh, go think about it and come back to me. And, you know, I have a set of tools available to me and I come back to you, I’m going to give you a much better answer. And so with the reasoning model, that’s what’s happening. We are now letting the AI actually go reason over stuff, give it more time, more compute, and more tools. And so for me, the real breakthrough was every quarter I sit down with my leadership team to take a look at our plans for the next six months. So I ran the researcher model. The researcher model is a deep reasoning model in M365 Copilot that works with the graph and the web, and I asked it, hey, I’m about to have an off-site with my leadership team to take a look at the plans for the next six months, take a look at the competitive landscape, take a look at customer feedback, take a look at all the ideas that have been accumulating in the team, and try and give me a draft of what might be a good starting point for our off-site for the next six-month planning. It was incredible. It was able to get through my email and documents that I hadn’t fully read but my team was iterating on, it looked at the last year’s plans to take a look at the competitive landscape, gave me a great five-page, actually it was eight-page, document that I can now go and tweak and make it my own, and overlay my perspective and use as a starting point. The other one is, like, often I talk to customers, and before I get on the call, I ask my agent—it’s called a KYC agent that my team built, which is, know your customer—and so before I get on to a call with a customer, I go into that agent experience in M365 Copilot and say, can you bring me up to speed on this customer? And it’s able to get to the support tickets, their adoption, their past communications with me, all of that stuff. And I often end up showing the customer the output, and we walk through it, and their question is like, how did you generate that? And in personal life, you want to make a big purchase, you want to do a seven-day trip planning, you want to buy a new car. You know, instead of clicking on 40 links, they can do a lot of research for you and show you that. So I use it for a lot of that too. 

    MOLLY WOOD: Fast-forward for us, three to five years, if possible. What do you think could be the most profound change in the way we work? 

    RAJESH JHA: You know, I think it goes back to the reconstitution of the workforce between humans and digital labor. I think the way we think about org charts, the way we think about groups coming together, the way we think about production function. I mean, it is a big deal to have intelligence be abundant and for it to be affordable. At the same time, I feel very encouraged about what people can uniquely do when you take a lot of the grind and predictability and, you know, have a colleague that is intelligent. I mean, I feel very bullish about how the economy is going to evolve. It won’t be a straight line. There will be scale backs in some of the roles that we think about investing in today, but there will be new roles we’ll be creating. So it’s very hard to predict exactly how it’s going to play out or whether that’s a three-year horizon, five-year horizon, but I do think that is a very clear trend of where we are headed. 

    MOLLY WOOD: Rajesh Jha is Microsoft’s Executive Vice President of Experiences and Devices. Thank you so much for the time today. I couldn’t appreciate it more. 

    RAJESH JHA: Thank you, Molly. I really do appreciate the time as well. 

    MOLLY WOOD: That was Rajesh Jha, Microsoft’s Executive Vice President of Experiences and Devices. Thank you all so much for joining us on this final episode of this season of WorkLab. We’ll be back next season with more insights on how to stay ahead of the curve while the way we work is transforming so quickly. If you’ve got a question or a comment, please drop us an email at worklab@microsoft.com, and check out Microsoft’s Work Trend Indexes and the WorkLab digital publication, where you’ll find all our episodes along with thoughtful stories that explore how business leaders are thriving in today’s new world of work. You can find all of it at microsoft.com/worklab. As for this podcast, please, if you don’t mind, rate us, review us, and follow us wherever you listen. It helps us out a ton. The WorkLab podcast is a place for experts to share their insights and opinions. As students of the future of work, Microsoft values inputs from a diverse set of voices. That said, the opinions and findings of our guests are their own and they may not necessarily reflect Microsoft’s own research or positions. WorkLab is produced by Microsoft with Godfrey Dadich Partners and Reasonable Volume. I’m your host, Molly Wood. Sharon Kallander and Matthew Duncan produced this podcast. Jessica Voelker is the WorkLab editor. 

    MIL OSI Economics

  • MIL-OSI Economics: Podcast: Microsoft EVP Rajesh Jha on leading with courage in the AI era

    Source: Microsoft

    Headline: Podcast: Microsoft EVP Rajesh Jha on leading with courage in the AI era

    MOLLY WOOD: That was Rajesh Jha, Microsoft’s Executive Vice President for Experiences and Devices. As a key figure at the helm of Microsoft’s product innovation, he leads a team of tens of thousands of people around the world who have worked to integrate AI into Windows and tools like Microsoft 365, Teams, and more. He’s also a key member of the company’s senior leadership team, which works directly for Microsoft Chairman and CEO Satya Nadella. In this episode, Jha shares his perspective on navigating the complexities of how AI is changing the way we work, and he offers actionable advice on how leaders have to adapt, compete, and bring their people along with them. And now my conversation with Rajesh. Rajesh, thank you so much for being on WorkLab today.  

    RAJESH JHA: Thank you, Molly, for hosting me. It’s a real pleasure to be here with you.  

    MOLLY WOOD: You have more than 30,000 employees, and you run a $100 billion business, which is more than most CEOs do. What are just some of the many lessons I’m sure you have learned from running such a huge organization? 

    RAJESH JHA: It’s been a real privilege to be at Microsoft through so many of the growth years. When I reflect back on my career, there are a few things that are enduring. The mission matters because through the ups and downs, if you have a sense of purpose, you have a North Star, that really does matter. And Microsoft has been really great to always be grounded in our customer successes, our success—this theme of empowerment, from Bill into Steve into Satya. So that was definitely number one. The second thing that I would say is, it seems very trite, but it has really worked for me specifically and my team, is, whenever we are looking at a hard strategic call, we start from, how would the customer react to the decision that we’re making, that has been incredibly grounding, so that’s been enduring. Of course, the team matters, the culture matters, because that’s where the work gets done. And then finally, managing a large business is about, literally, about figuring out how to make elephants dance, because you have a large-scale business, customers expect us to have a certain level of quality and continuity and predictability. At the same time, they take a bet on us to innovate. And so how do you stay nimble and innovate while also being predictable and trustworthy for customers? That is a hard thing to go do, but absolutely essential. It’s an and, it just can’t be an or.  

    MOLLY WOOD: Well, and Microsoft is an elephant that has danced, quite nimbly, for the last 50 years— 

    RAJESH JHA: Sometime clumsily, sometimes nimbly, yes. [laughter]  

    MOLLY WOOD: We’ll focus on the nimble—or not, right, based on your experience in bringing new technologies to market and helping to effectuate some pretty major technological innovations. What insights do you have for leaders who are now navigating this AI transformation?  

    RAJESH JHA: I mean, now is the time for leaders to really consider how their businesses, how their teams, how their skill set—how does that evolve in a world where we are looking at, you know, something at the peer of electricity coming into society, or the internet coming into society. And so it’s time to lean forward, and lean forward in a way that makes sense for their businesses or their business process. It is such a big change that it’s going to probably take a decade to play out, but there is no avoiding the sea change that’s underway now. So some bravery, but bravery on customers’ terms. 

    MOLLY WOOD: Yeah. I’m thinking of leaders who may be wary, who may need a dose of that courage. You’ve spoken about being asked by Steve Ballmer to bring Office to cloud, as one example of a transformation that maybe you were a little wary about. Can you walk us through that experience and how it might give a shot of courage for folks today. 

    RAJESH JHA: This was, you know, back maybe 15 years ago, Microsoft was incredibly profitable and the cloud was a question mark for many at Microsoft. A) would this technology be mature enough? B) is the business model, because the margins were going to be lower on the cloud than our old business model of being on premises. Number three, would we be able to transform fast enough? Because Microsoft had grown up being a server company, a client company, and would we be able to transcend that to be about cloud and mobile. And they were all very important questions. And there was a lot of, you know, let’s hold back. Let’s see if this trend is really real or not. And Steve showed incredible courage by going all in. What Steve did was he gave license to people to go and learn, even if we were not perfect on day one. And so the big lesson for me in how Steve started that journey was, leaders, if you have hesitation, whether it’s a business model hesitation or cultural hesitation, skill hesitation, it’s very hard for the teams to rally behind something where the leader themselves are half-hearted. So that was a very big moment for us, because he was unambiguous about, hey, this is the way that software is going to be delivered in the future. This is the way we can democratize the value we bring to customers. And there were a lot of benefits, and we are just going to go all in.  

    MOLLY WOOD: So leaders have to go all in. But I would imagine it’s not a—progress is not always a straight line. 

    RAJESH JHA: No, it wasn’t. And even with us in the cloud, it wasn’t. But the main thing is, leaders have to lead. And when you’re taking a look, the hard things are process, business model change, culture change, skill change. They’re all incredibly hard, and that’s why there has to be a commitment from the top that we are going to see this through. And then we were eyes wide open as what our deficiencies were. And so we didn’t have the right skill set. We trained people, we brought in new people, we embraced the red—all the things that we were not doing well in this new transformation. We were very open, very honest. It just takes leadership to set the tone here and to set the things in motion. 

    MOLLY WOOD: Right, and to your point, persistence and belief that it is the right direction so that you stay on that road even when it gets hard.  

    RAJESH JHA: That is correct, Molly, absolutely. And then one additional point I would make with persistence and belief is, it’s one thing to say it, it’s another thing to allocate resources to that belief. We have a quote, which is, if you really want to see the strategy of an organization, you’ve got to see where they’re allocating resources.  

    MOLLY WOOD: On the one hand, it sounds like you’re saying, get comfortable with chaos—  

    RAJESH JHA: Controlled chaos, Molly. Controlled chaos.   

    MOLLY WOOD: Then of course there’s the question of how not to break things. You know, security becomes a big concern with incorporating AI, doing it in a way that doesn’t introduce more problems. What is your advice for having proper guardrails in place as you transform in the AI age?  

    RAJESH JHA: So, I’m gonna answer that in two parts. Part one is, what do I mean by controlled chaos? So Satya invited Scott Guthrie, myself, Charlie [Bell] as the three big product leaders at Microsoft to go over to Bill’s house to see GPT-4, and Satya’s exact comment to me at that time was, I’ve gotta get you guys to be believers. And he had already seen it. And so he and Kevin Scott, they were already on board about the capabilities. So anyway, we go over to Bill’s house, it was in the kitchen area, where the OpenAI folks had put in a demo and they had a grader who grades AP biology there. The thing that really got me was it was not just the multiple choice questions that the model was doing a great job of, it was doing a great job on the written answers. There was some of the AP biology stuff, I’ve studied some biology, but they were far above my ability to understand. And so I look at all of that, I’m completely blown away. But then, for me, the big moment was when Bill asked the question, what would you say to the parent of a sick child, and the empathy or the humanity, almost, that it was able to convey in the answer was like, I would’ve felt proud to have written such a thoughtful note. And I was like, god, this is really, I mean, we are leaving behind the low-altitude handshake between computing and humanity. We are taking a look at something that can be almost at the pure level. And so now, fast-forward, it’s not that long, two years, and we are at the point where we are talking about agents and digital labor and people working together. 

    MOLLY WOOD: But that was it, that worked. You became believers. 

    RAJESH JHA: For me, that was it. I lead a large organization, and I see lots of cool stuff all the time, and part of my job is to make sure the trains keep running on time, but make sure I’m open-minded about big things. And when big things show up, I try to scope it and manage it. I have never in my 30 years ever gone to my team and said, drop all your plans. And for me, that was it. None of the existing plans matter anymore. I huddled all my senior leaders, and I said, Folks, I want you all to run a hundred miles an hour. It’s going to be very uncomfortable, because we’re going to unleash some amount of chaos, but let’s make sure we harden our processes that this chaos does not make its way to customers. So what I mean by controlled chaos is, if you’re unleashing a lot of activity all at once, you need to have the mitigating controls and the guardrails to make sure the chaos is controlled and managed. And so we huddled together to make sure our processes were hardened. So that’s one of the things with controlled chaos. But one of the guardrails that is not negotiable is security, as you correctly pointed out. So in our implementation of AI, we started very much from the mindset of, how does the AI inherit all the existing security and governance controls that an organization already has? It’s one thing to come and tell them, hey, rethink all your business process, rethink your scaling, rethink how work is done, and rethink your security and governance. It’s just not doable. And so we architected this from the ground up, that, for example, when you use Microsoft Copilot, it is using your permissions, so it only has access to what you have access to. It can never do any more than what you might do as a human. And then we also made sure that it was the mindset of a copilot, not an autopilot, and so the humans were always in control. So this way, whatever governance, data classification, permissions, you know, conditional access, retention policies—whatever a customer had, and how they managed human-to-human conversations, all of that accreted to human-to-AI conversation. That was a very hard guardrail we knew we just could not compromise.  

    MOLLY WOOD: But I want to go back to the example that you just gave, this moment of having this experience and realizing how— 

    RAJESH JHA: Profound. 

    MOLLY WOOD: Profound—exactly—and sophisticated these models were, because those are the kind of moments that give you the faith to go all in. 

    Rajesh Jha: Just to go back to that moment, Molly, I mean, to think as an engineer, as somebody who’s been in the tech industry a long time, who’s been through so many of the transformations, the big takeaway for me was, you know, for the first time computing, so far, human and machine interaction has been very much—machines are very low level. You know, we interact with pixels, we click on things, we read stuff. When I come in to work, I don’t come in to work thinking, oh, I should do 16 minutes of email and then read four documents and then, you know, open that spreadsheet, take a look at that budget. I come in thinking, I’ve got to work on budget today. So I think at a high level of intent, but then my intent to decompose is, either on my device, on a bunch of icons I’m swiping through, flipping from application to application, or going really low level—reading emails and then clicking a link. And so high-level intent gets reduced to low-level clerical work, almost. So when I saw this demo, I was like, Wow, the interaction is going to change. It is not going to be intent and then reduced to low-level stuff. AI is going to have the capability to have a human-to-human-like conversation. So intent, high-level intent to high-level intent, and that was what was the big takeaway for me. This is the computing for the last 35 years. One thing that hadn’t changed was a fundamental interaction pattern between people and their devices, and that was going to change, because now you could express, hey, I want to write a document that has the following three ideas, take a look at the relevant stuff in my enterprise and on the web—and can you compose a report for me? That is the kind of thing that I would tell another human being if there was a new hire in my team and, you know, I was thinking about a project to give them. This is the kind of way I might express the project to them, and then they will go in and do the work, check in with me, and we go back and forth. Now that was going to be possible.  

    MOLLY WOOD: Let’s keep talking about that idea of leveling up. We now live in a world where I may get an email from your account and I may not know if it was written by you or an AI, and that may not matter.  

    RAJESH JHA: You know, in some ways, it’s not that different from what happens for some of us. Let’s say I was to send a large piece of email to my team. I would actually work with my staff and my leadership team to get the latest status on a few things, and then I would put it in my words, and I would send it out. Now, everybody has that ability, because what the copilot does, you know, if I’m responding to a customer today, I go to my engineer who’s working on the customer issues, and say, hey, what is the latest status on this? And I would take a look at some of the other past conversations. I would try and respond to the customer that way. Now the copilot is doing that for me. It’s taking a look at my past emails. It reaches out to the customer service database. It tells me the latest status on this. It creates me a draft that I then go write and I send it out. And in some ways, I get reminded of, my dad used to run a large steel plant in India, and I visited him about 20 years ago. I walked into his office and he was very proud, because they had just gotten email, and I was working at Microsoft, and he had just gotten email. His secretary walked in at that time, and she said, Mr. Jha, I’ve got your morning messages for you, and here’s a message that I’m just going to go reach out to your technical assistant or respond to this person. This one, I know what to do already. This one, what would you like me to tell the customer, this person’s asking for dinner tomorrow. You’re free. And they were done in 15 minutes, and she left. And I looked at my dad, and I said, god, you’re so old-fashioned. Somebody’s actually printing your email, reading and coming and talking to you about it, whereas, look at me, I’m carrying it on my phone. I can get to it anywhere. But now, you know, I understand he was a smart guy, and I’m a digital clerk. I do all the clerical work myself. You know, I’m sorting messages. I’m replying to staff. I don’t come in to work thinking I should be a digital clerk. I come in to work because I want to lead a team, build products and value. That is what AI is now going to do. It’s going to take the clerical part for all of us, and will automate a lot of clerical parts to let the human ingenuity and the creativity and really let us focus on the intent and the meaning of our work.  

    MOLLY WOOD: We need help, Rajesh. We need help. [laughter] Well, speaking of delivering that help to customers, it’s been about a year, year and a half, since Microsoft 365 Copilot launched. Do you have stories from the trenches? Are there fun examples you can share about how this has gone?  

    RAJESH JHA: Really well. Ever since I came to Microsoft, this is the fastest adoption we’ve seen. When a customer buys a license and gives it to an end user, because the copilot is integrated into your user flows in Office, or Teams in a meeting, or so on and so forth, we see very good uptake in usage and retention. Some things that surprised me a little bit—and in hindsight, perhaps not so surprising—is the amount of customizations that customers do want for AI. I have feedback from some customers saying, hey, your AI, I want it to engage more because, you know, we build safety into our AI so it will not engage on some topics. Some customers want it to engage more, some want it to engage less. So they want to customize that. One of the things that some customers ask for is, hey, I would like your AI to not reach out to the web. I only want it to work with the stuff that’s in my enterprise. And I say, yeah, we’ve got that configuration for you. But can I ask you why? If you allow your employees to be able to use the browser and search the web as a part of their job, why is it not okay for the copilot that’s acting on their behalf to reach out on the web and assist them? So I’m surprised with the amount of configuration that enterprises want, which is, of course, enterprises have different business rules and process, so we built many more customizations in M365 Copilot than I had anticipated coming in. 

    MOLLY WOOD: I read some research recently where one of the AI firms said that they had done some analysis and found themselves really surprised at how long the long tail of interactions with AI are.  

    RAJESH JHA: So true. This generation of AI is about information work. It changes how people write, learn, collaborate, read, and so there’s a long tail. Not all of us triage information the same way.  

    MOLLY WOOD: What are some best practices that are starting to emerge? Because certainly every enterprise is going to adopt differently, interact differently, and then have different use cases that may or may not make their experience work.  

    RAJESH JHA: That’s a great question. I would say the successful implementations that we see are the first stage, of course, is to enable people to get productivity boosts with the AI, where the AI is really assisting you. And then the next most important thing that customers end up doing that gives them a real return on investment is to rethink their high-value business process or high-cost business processes, and figure out how to reconfigure that with agents that can automate a bunch of those processes to be either more effective or more efficient. That, I think, is changing the way work happens. For example, if you’re a lawyer and you’re working with a bunch of documents, instead of having—somebody spent a lot of time going through the past relevant briefs and composing a new template. How do you change a new brief creation? How do you change an approval process? How do you change a customer support ticket handling? How do you change a marketing campaign? How do you change a developer workflow? I see customers actually taking a business process, and they are rewiring that for a world where people and AI can work together to automate that, to make it more effective, more efficient. So that is a good best practice, is not trying to solve a hundred business processes, but taking a few and going really deep and measuring the ROI and tweaking that, because then the payoff is right there. 

    MOLLY WOOD: Well, and to dig in a little further, it also sounds like what you’re saying is that companies and CIOs maybe need to commit. Like, if you don’t commit, if you don’t plug Copilot in, if you don’t enable the full Microsoft Graph, if you maybe don’t give access to the web, people are still going to find these tools and use some version of them that might not be as good as they could be if you really do go all in. 

    RAJESH JHA: Yeah, Molly, it’s exactly right. I mean, it goes back to the point we made, which is, leaders, have, you know, leaders have to lead. And the reason why they have to lead here in this transformation is, if a support organization, a marketing organization, engineering organization is wired to work the old way, they are not automatically going to rewire themselves for a world where AI can do a bunch of tasks and people’s tasks change. That’s not going to happen, bottom-up. It’s going to have to happen from the leaders leaning in and saying, okay, you know, am I sure that I have the right compliance and governance and security? Because those are non-negotiable. But once I have that, how do I lead the way where I empower and I get to a world where AI assisting, to agents and people working together? One of the concepts we’ve talked about, and it’s come out in the new Work Trend Index is, corporations, for the longest time, have had static org charts, and every once in a while you do a reorganization and you reconfigure teams for your new evolving business priorities. But those things are not very frequent, nor should they be very frequent, because there’s a huge lag to those things. The way work happens is people, it’s, teams are less static and they’re more outcome-driven. Some of this started to happen post-COVID also, where the fluidity of the team composition was not represented in the org chart. That thing is going to accelerate far more in a world where digital labor and people, agents and people, are going to work together as business processes get rewired. None of this is going to be possible without leaders committing to that. And the way you can commit to it is by taking a few processes that are incredibly important for your business’ top line or your profitability because it’s a high-cost thing, and trying to figure out how to reconfigure those things for people and agents working together in one team. 

    MOLLY WOOD: What do you wish business leaders understood about AI agents to help them make that commitment? 

    RAJESH JHA: The first thing I would just say is, like, it’s not some distant future, it’s happening now. My product management team, they ran a research today of a bunch of different organizations, and this time, you know, usually we talk to 30,000 people across different organizations, 30 different countries. This time, they also reached out to AI-native companies that have started to emerge, so-called frontier companies. And if you take a look at the frontier companies, it is very obvious that the way the distribution of human work and digital labor, how that gets constituted, there’s very interesting patterns that are starting to emerge. The first thing I would just tell leaders is—of established companies such as myself, my peers, and the rest of large organizations—it’s possible today to take full advantage of agents. The security model exists, the identity model exists, the user interface exists. The hard work here is to actually go pick the processes that give you the most bang for the buck and then be rigorous about measuring that. And this is why we invested in something called the Copilot Impact Dashboard, so customers can take their core KPIs and they can measure how the copilot is moving those KPIs. So be rigorous, but be forward-looking. It’s not, hey, let’s just take a leap of faith and let’s get agents everywhere. Be rigorous with security. Be rigorous with governance. Measure the ROI, but pick the processes that you’re going to go add agents to. 

    MOLLY WOOD: It seems like the other tension, in addition to going all in, right, in addition to commitment, is pace, the pace of introducing that change, going fast to keep up to, you know, be pushed properly by Frontier Firms, but not compromising security and guardrails. 

    RAJESH JHA: And so on the pace, it’s a super good tension that you pick up on, and we deal with the tension all the time ourselves at Microsoft. What is hard is to have pace at scale. But what’s not hard is to have pace at smaller scale. I’m not advocating for a large organization to go and say, go rewire all your business process, fast, into the frontier methodology. I’m saying, pick a few that are really important to you and go with base on those, learn from that. Meanwhile, invest in skilling. Meanwhile, invest in assistance for everybody else. And that’s what we do, too, in my team. We want to move very quickly, but we move very quickly in a scoped garden with a few processes, a few customers, and then once we are sure it is mature and it’s ready, do we then scale it out. So, moving fast doesn’t mean move fast all over, all at once, if you’re a large organization. It means you’re moving fast by having picked and assessed. And, you know, which way do you want to go fast and where do you want to go more cautiously, and then take the lessons from moving fast and more broadly. 

    MOLLY WOOD: Right. It’s so valuable to put a fine point on that, because any problem is manageable in component parts. 

    RAJESH JHA: Hundred percent. Hundred percent. And picking is the important thing. But if you pick something unimportant that you’re moving fast on, you’re not really learning a lot either. 

    MOLLY WOOD: Right. Then the other tension, the technology itself is moving really fast, so you might have incorporated something, you’re doing a great job measuring it, and now there’s a whole new tool. How do you advise business leaders to keep up?  

    RAJESH JHA: The playbook is still the same. You have to figure out how to move fast and stay predictable at the same time. And the way you do that is by managing where you move fast and by having rigorous measures of whether the ROI is working out or not. Because you’re a hundred percent right. I mean, the compression of innovation that I’m seeing in the AI wave is like nothing that we’ve seen before in the last 30 years. 

    MOLLY WOOD: So as we talk about committing, you know, it’s one thing to say, maybe give your model access to the web, but there’s this Microsoft Graph that it seems like really unlocks that power. 

    RAJESH JHA: The Microsoft Graph is really not Microsoft’s graph. It is a graph for the customer. It’s owned by the customer. And what it captures is how people inside of their organization work together—the meetings that are important, the documents that have been created, the chats and the projects that people are working on—the business processes that run in their organization, that is all a part of the Microsoft Graph. So you take the power of a reasoning model that now has access to the graph—remember again, the reasoning model has access to the same things that you would as an individual. So when I ask a reasoning model or an agent to work on my behalf on Microsoft Graph, it is working with my permissions. But now it has the ability to read far more, process far more than I would be able to. You take the unique intellectual property of the customer in the graph with all the right permissions overlaid, and then you let AI work on that, along with what’s available in the web, on the world knowledge, your enterprise knowledge—that is the real enabler. So what is great about the researcher in Microsoft 365 Copilot is that it works with your enterprise permissions and your enterprise data, everything that is in the graph. And that is what I think is a real breakthrough. Now you’ve got the makings of a digital employee, somebody who was able to come in, join an organization, and take advantage of all the intellectual property with all the permissioning honored, and take that and be a part of producing output for the company.  

    MOLLY WOOD: Right. I mean, it’s institutional knowledge, like, think about what a great employee I could be if I knew all the context and all the history that a company had gone through. 

    RAJESH JHA: Exactly. And all the relevant, you know, escalations, projects, all of that stuff. 

    MOLLY WOOD: Switching gears a little. You work very closely with Microsoft CEO Satya Nadella. Are there questions that he regularly asks you that you think all leaders should be asking their employees? 

    RAJESH JHA: I think fundamentally my boss, you know, Satya, I mean, he’s pushing me on exactly the set of questions you were asking, on my own organization. The way he describes the priorities that I have and my peer groups have, three priorities—quality, security, and AI transformation, are you moving fast? Fully understanding that quality and security and then moving fast, sometimes are intentions, but that’s what he’s saying. Are you doing your job to do all of these at the same time? A lot of the thrust of his conversations, questions are, are you evolving your own team to be frontier, and what’s getting in your way? Because whatever we learn then applies to our customers. So are we applying the same methodology to make your enterprise-grade securities non-negotiable. And then at the same time, are you moving fast to take full advantage? Are you really rethinking your production functions? So I would say all of his questions and interactions distill into these three things, and are we doing a good job balancing these three things.  

    MOLLY WOOD: This company has reinvented itself many times. What are the key lessons that we and all business leaders should take from those reinventions? 

    RAJESH JHA: I would say again, mission matters. Through those 50 years, our mission is a theme around empowerment, so number one. Number two, I would say is, team culture matters, of course, because the how and where the work—there’s no substitute for that. But then I would say you gotta do the and, it’s never an or. How do you stay scaled and perform while waiting and disrupting at the same time? That comes down to strong leadership, it comes down to good processes. Then, what you touched on that I want to reiterate is, you know, just resiliency. We didn’t get everything right in the last 50 years. We made mistakes, but being resilient, learning from the mistakes, embracing the red so we can do a better job the next time. I think those are all components that I would just say we benefited from having incredible CEOs from Bill and Steve and Satya, so that has been an amazing, you know, learning experience for me and many others to work with those three amazing individuals.  

    MOLLY WOOD: If our listeners could take away one actionable AI-related insight from you, what would it be? 

    RAJESH JHA: I would say, go embrace agents. Pick out your most important processes, reimagine them how agents and digital labor can rewire that. 

    MOLLY WOOD: We love to ask our WorkLab guests how they are using AI themselves, either at work or in your personal life. Are there use cases that have been really helpful for you that you’re willing to talk about? 

    RAJESH JHA: Yeah, the one thing we didn’t talk about that I feel is just mind-blowing, is this reasoning models. You know, today, Molly, you and I going back and forth, then you ask me a hard question, I’ll give you an answer off the cuff. But if you tell me, Rajesh, go think about it and come back to me. And, you know, I have a set of tools available to me and I come back to you, I’m going to give you a much better answer. And so with the reasoning model, that’s what’s happening. We are now letting the AI actually go reason over stuff, give it more time, more compute, and more tools. And so for me, the real breakthrough was every quarter I sit down with my leadership team to take a look at our plans for the next six months. So I ran the researcher model. The researcher model is a deep reasoning model in M365 Copilot that works with the graph and the web, and I asked it, hey, I’m about to have an off-site with my leadership team to take a look at the plans for the next six months, take a look at the competitive landscape, take a look at customer feedback, take a look at all the ideas that have been accumulating in the team, and try and give me a draft of what might be a good starting point for our off-site for the next six-month planning. It was incredible. It was able to get through my email and documents that I hadn’t fully read but my team was iterating on, it looked at the last year’s plans to take a look at the competitive landscape, gave me a great five-page, actually it was eight-page, document that I can now go and tweak and make it my own, and overlay my perspective and use as a starting point. The other one is, like, often I talk to customers, and before I get on the call, I ask my agent—it’s called a KYC agent that my team built, which is, know your customer—and so before I get on to a call with a customer, I go into that agent experience in M365 Copilot and say, can you bring me up to speed on this customer? And it’s able to get to the support tickets, their adoption, their past communications with me, all of that stuff. And I often end up showing the customer the output, and we walk through it, and their question is like, how did you generate that? And in personal life, you want to make a big purchase, you want to do a seven-day trip planning, you want to buy a new car. You know, instead of clicking on 40 links, they can do a lot of research for you and show you that. So I use it for a lot of that too. 

    MOLLY WOOD: Fast-forward for us, three to five years, if possible. What do you think could be the most profound change in the way we work? 

    RAJESH JHA: You know, I think it goes back to the reconstitution of the workforce between humans and digital labor. I think the way we think about org charts, the way we think about groups coming together, the way we think about production function. I mean, it is a big deal to have intelligence be abundant and for it to be affordable. At the same time, I feel very encouraged about what people can uniquely do when you take a lot of the grind and predictability and, you know, have a colleague that is intelligent. I mean, I feel very bullish about how the economy is going to evolve. It won’t be a straight line. There will be scale backs in some of the roles that we think about investing in today, but there will be new roles we’ll be creating. So it’s very hard to predict exactly how it’s going to play out or whether that’s a three-year horizon, five-year horizon, but I do think that is a very clear trend of where we are headed. 

    MOLLY WOOD: Rajesh Jha is Microsoft’s Executive Vice President of Experiences and Devices. Thank you so much for the time today. I couldn’t appreciate it more. 

    RAJESH JHA: Thank you, Molly. I really do appreciate the time as well. 

    MOLLY WOOD: That was Rajesh Jha, Microsoft’s Executive Vice President of Experiences and Devices. Thank you all so much for joining us on this final episode of this season of WorkLab. We’ll be back next season with more insights on how to stay ahead of the curve while the way we work is transforming so quickly. If you’ve got a question or a comment, please drop us an email at worklab@microsoft.com, and check out Microsoft’s Work Trend Indexes and the WorkLab digital publication, where you’ll find all our episodes along with thoughtful stories that explore how business leaders are thriving in today’s new world of work. You can find all of it at microsoft.com/worklab. As for this podcast, please, if you don’t mind, rate us, review us, and follow us wherever you listen. It helps us out a ton. The WorkLab podcast is a place for experts to share their insights and opinions. As students of the future of work, Microsoft values inputs from a diverse set of voices. That said, the opinions and findings of our guests are their own and they may not necessarily reflect Microsoft’s own research or positions. WorkLab is produced by Microsoft with Godfrey Dadich Partners and Reasonable Volume. I’m your host, Molly Wood. Sharon Kallander and Matthew Duncan produced this podcast. Jessica Voelker is the WorkLab editor. 

    MIL OSI Economics

  • MIL-OSI USA: Chairman Graham Statement On Senate Passage Of The One Big Beautiful Bill Act

    US Senate News:

    Source: United States Senator for South Carolina Lindsey Graham
    WASHINGTON – U.S. Senator Lindsey Graham (R-South Carolina), Chairman of the Senate Budget Committee, today made this statement after the Senate passed the One Big Beautiful Bill Act by a vote of 51-50.
    “After a long but fruitful day, the Republican Senate delivered.  Senate Majority Leader Thune, Chairman Crapo and all my Republican colleagues did a great job, clinching a big win for President Trump and the American people.
    “Here’s what we accomplished:
    The most comprehensive border security package in American history.
    Prevented the largest tax hike in history by making the 2017 tax cuts permanent, helping the American economy and working families.
    The biggest reduction in spending in American history due to common sense government reforms.
    A $150 billion infusion for the Department of Defense to make us safe.
    Raising the debt ceiling so we do not have to worry about default.
    “I am honored to be the Senate Budget Chairman at such a crucial time. I am also proud to have worked with my Republican colleagues, helping deliver the foundation of President Trump’s domestic agenda. As a result of the Republican Senate passing this bill, America will be more prosperous and safe.
    “Now it is up to my House colleagues to get this historic legislation over the finish line and on to the President’s desk as soon as possible.”

    MIL OSI USA News

  • MIL-OSI USA: PRESS RELEASE: Reps. Barragán, Buchanan, Sánchez, and Bilirakis Reintroduce Bipartisan Resolution Recognizing June 2025 as Alzheimer’s and Brain Awareness Month

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    FOR IMMEDIATE RELEASE
    June 30, 2025

    Contact: Jin.Choi@mail.house.gov

    Reps. Barragán, Buchanan, Sánchez, and Bilirakis Reintroduce Bipartisan Resolution Recognizing June 2025 as Alzheimer’s and Brain Awareness Month

    Washington, D.C. – Today, Congresswoman Nanette Barragán (CA-44), Congressman Vern Buchanan (FL-16), Congresswoman Linda Sánchez (CA-38), and Congressman Gus Bilirakis (FL-12) reintroduced a bipartisan resolution to designate June 2025 as Alzheimer’s and Brain Awareness Month. The resolution seeks to increase public understanding of Alzheimer’s disease, support continued investment in research, and recognize the strength and sacrifice of individuals living with Alzheimer’s and their caregivers.

    “Nearly 7 million Americans, including my own mother, are living with Alzheimer’s or another form of dementia. This disease is deeply personal to me, and to the countless families who serve as caregivers while grappling with its emotional and financial toll,” said Rep. Barragán. “We must continue to raise awareness, advance research, and support caregivers, especially those in communities of color where disparities in diagnosis, access to care, and outcomes persist. I’m grateful to my colleagues, Reps. Buchanan, Sánchez, and Bilirakis, for their partnership in this bipartisan effort.”

    “As someone who cared for a parent with this horrible disease, I believe that it is critical for Congress to take steps to recognize the impact that Alzheimer’s and dementia have on the millions of Americans diagnosed every year,” said Rep. Buchanan. “I am proud to co-lead this bipartisan resolution with Reps. Barragán, Sánchez and Bilirakis to bring much-needed and continued awareness to these deadly diseases.”

    “As the daughter of two parents who suffered from Alzheimer’s, I can tell you firsthand how devastating the disease is, as well as the emotional toll it takes on families,” Congresswoman Linda T. Sánchez said. “This resolution recognizes the importance of early detection and screening, as well as how this disease disproportionately affects women, Latinos, and Black Americans. It is important that we continue raising awareness around the facts of this disease, and advancing research to eventually find a cure.”

    “As research continues to yield advancement in the development of more treatment options for patients with Alzheimer’s, we know that early detection, diagnosis and intervention offers the best promise for disease management which is why we must raise awareness of the signs, symptoms and impact this disease has on millions of Americans,” said Congressman Gus Bilirakis. “My family has coped with the devastating impacts of this horrific disease for more than a decade, so I understand the toll it takes on the patient and his or her loved ones as it progresses. We owe it to our fellow Americans to develop a system of care that prioritizes education, screening and assessment so that patients can enjoy the best possible quality of life.”

    “On behalf of the over 7 million Americans living with Alzheimer’s, thank you to Reps. Barragán, Buchanan, Bilirakis and Sánchez for recognizing June as Alzheimer’s & Brain Awareness Month and for your unwavering dedication to the Alzheimer’s community,” said Rachel Conant, Alzheimer’s Association senior vice president of public policy and AIM executive director. “Your commitment to bipartisan solutions is driving progress in the fight against this devastating disease.”

    The Alzheimer’s & Brain Awareness Month resolution is endorsed by the Alzheimer’s Association and Alzheimer’s Impact Movement (AIM).

    The full text of the legislation can be found here. 

    ###

    MIL OSI USA News

  • MIL-OSI: OTC Markets Group Launches OTCID™ Basic Market, In Major Structural Upgrade to U.S. OTC Equities Markets

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for over 12,000 U.S. and international securities, today launched the OTCID™ Basic Market, a major structural upgrade that redefines the baseline for disclosure in the over-the-counter (OTC) equities space.

    With the elimination of the Pink Current Market, the new OTCID™ Basic Market introduces a more transparent framework for companies that choose to engage with U.S. investors through consistent, ongoing reporting.

    The move reflects OTC Markets Group’s broader strategy to enhance market clarity, reduce investor uncertainty, and offer compliant companies a more defined pathway to grow their presence in U.S. public markets.

    Companies trading on the OTCID™ Basic Market are now required to meet specific disclosure benchmarks, including timely quarterly and annual financials, management certifications, and updated company profile information. These foundational requirements ensure that investors, brokers, regulators, and data providers can rely on timely, accurate information from issuers of securities.

    “We’re supporting companies that choose to connect with the market and commit to timely, consistent, ongoing disclosure, as the best public companies understand that their data drives market quality” said Cromwell Coulson, President and CEO of OTC Markets Group. “When companies provide reliable information, that data flows directly into investor screens and broker-dealer machines, enhancing transparency, improving price discovery, and driving better outcomes across the market.”

    1237 securities from the US and key international markets, including Canada, Australia, the United Kingdom, Japan and Hong Kong have already taken the necessary steps to meet OTCID requirements, reinforcing their commitment to timely disclosure and direct engagement with U.S. investors.

    For many, OTCID is a strategic entry point, not a final destination. Investor-focused issuers continue to move up the market. Since January, 61 companies, including Bayer AG and OMV AG, have qualified for the OTCQX® Best Market, underscoring growing demand among issuers for higher visibility, stronger governance, and deeper, digital engagement with U.S. investors.

    Companies that fail to meet the new OTCID’s requirements have been downgraded to either the Pink Limited™ Market or the Expert Restricted Market. Pink Limited™ Market serves as a warning to investors, flagging securities with limited to no issuer involvement, including companies with limited, outdated, or inconsistent disclosures. The Expert Market continues to include securities that fail to meet even the most basic public disclosure requirements under SEC Rule 15c2-11. Quotes in Expert Market securities are not available to retail investors.

    By setting sharper distinctions between active and inactive issuers, OTC Markets Group is delivering on its mission to foster informed investment decisions and build a more efficient public market.

    For more information, visit www.otcmarkets.com/OTCID

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Media Contact:

    Media@otcmarkets.com

    The MIL Network

  • MIL-OSI: Banco Santander Chile: Second Quarter 2025 Analyst and Investor Webcast / Conference Call

    Source: GlobeNewswire (MIL-OSI)

    SANTIAGO, Chile, July 01, 2025 (GLOBE NEWSWIRE) — You are cordially invited to participate in Banco Santander Chile’s (NYSE: BSAC) conference call-webcast on Tuesday August 5, 2025, at 11.00 AM (ET time) where we will discuss 2Q 2025 financial results. The Bank’s Officers participating in the conference call are: Patricia Pérez, CFO, Cristian Vicuña, Chief Strategy Officer & Head of IR and Andrés Sansone, Chief Economist. A question and answer session will follow the presentation.

    The Management Commentary report will be published on July 31, 2025, before the market opens. The quiet period begins on July 17.

    To participate, the webcast presentation can be viewed at: https://mm.closir.com/slides?id=720987

    Or please dial in using any of the below numbers:
    United Kingdom +44 203 984 9844
    USA +1 718 866 4614
    Austria +43 720 022981
    Brazil +556120171549
    Canada +1 587 855 1318
    Chile +56228401484
    Czech Republic +420 910 880101
    Estonia +372 609 4102
    Finland +35 8753 26 4477
    France +33 1758 50 878
    Germany +49 30 25 555 323
    Hong Kong +852 3001 6551
    Mexico +52 55 1168 9973
    Peru +51 1 7060950
    Poland +48 22 124 49 59
    Russia +7 495 283 98 58
    Singapore +65 3138 6816
    South Africa +27872500455
    South Korea +82 70 4732 5006
    Sweden +46 10 551 30 20
    Turkey +90 850 390 7512
    Ukraine +380 89 324 0624

    Participant Passcode: 720987
    Please dial in approximately 10 minutes prior to the starting time of the conference.

    If you have any questions, please contact Cristian Vicuña at Banco Santander Chile at Cristian.vicuna@santander.cl, Rowena Lambert at Rowena.lambert@santander.cl or María Magdalena Rosende at Maria.rosende@santander.cl

    CONTACT INFORMATION

    Cristian Vicuña
    Investor Relations
    Banco Santander Chile
    Bandera 140, Floor 20
    Santiago, Chile
    Email: irelations@santander.cl
    Website: www.santander.cl

    Banco Santander Chile is one of the companies with the highest risk classifications in Latin America with an A2 rating from Moody’s, A- from Standard and Poor’s, A+ from Japan Credit Rating Agency, AA- from HR Ratings and A from KBRA. All our ratings as of the date of this report have a Stable Outlook.

    As of March 31, 2025, the bank had total assets of Ch$67,059,423 million (US$70,284 million), total gross loans (including those owed by banks) at amortized cost of Ch$41,098,666 million (US$43,075 million), total deposits of Ch$30,607,715 million (US$32,080 million), and bank owners’ equity of Ch$4,400,233 million (US$4,612 million). The BIS capital ratio was 16.9%, with a core capital ratio of 10.7%. As of March 31, 2025, Santander Chile employed 8,712 people and had 237 branches throughout Chile.

    The MIL Network

  • MIL-OSI: Old National Names Matt Keen Chief Information Officer

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS and ST. PAUL, Minn., July 01, 2025 (GLOBE NEWSWIRE) — (NASDAQ: ONB) Old National Bancorp (“Old National”) has appointed Matt Keen as Chief Information Officer (CIO). In this role, Keen will join Old National’s Executive Leadership Team – the company’s senior-most group of C-suite executives.

    Keen brings more than three decades of experience in significant technology leadership roles at national companies, including leading architecture development, as well as experience with brokerage and banking services, cloud service optimization, and platform modernization.

    “As Old National continues our Midwest and Southeast expansion, our technology strategy and capabilities are also evolving to continue meeting our ever-growing clients’ needs and expectations,” said Old National Chairman & CEO Jim Ryan. “Matt’s wide-ranging technology expertise will be essential for helping us innovate and deliver client-focused solutions, while also supporting the personal relationships that have always been the heart of our success.”

    Keen’s previous technology leadership experience included consulting with American Express as part of his tenure at PriceWaterhouseCoopers, almost 15 years at Ameriprise Financial (formerly a division of American Express), and six years at Two Harbors Investments. Most recently, he served as CIO for Bremer Bank, which became a division of Old National Bank on May 1, 2025.

    As Old National’s CIO, Keen will lead a forward-thinking approach to leveraging technology as an enabler for business success. He will shape and execute the company’s technology strategy, working closely and collaboratively with all aspects of the business to identify ways to increase efficiencies and drive growth. With a particular emphasis on innovation, Keen and his team will use technology, as well as data and analytics, to effectively support and enhance the client and team member experience, to meet their ever-evolving expectations.

    “I’m looking forward to continuing to advance the strong technology foundation that has enabled Old National to achieve its growth goals,” Keen said. “Through a collaborative approach and intense focus on our clients, we’ll bring forward the best technology capabilities to serve the business and support the culture that our team members, clients, and communities expect and appreciate.”

    A resident of Chanhassen, Minn., Keen holds a degree in quantitative methods and computer science from the University of St. Thomas.

    Keen succeeds retiring Chief Information Officer Paul S. Kilroy, who joined Old National in 2020. During his tenure, Kilroy spearheaded a groundbreaking partnership with Infosys that vastly improved contact center quality and stabilized information quality metrics across the organization, leading to a 2024 “Tech Exec of the Year” honor from the Indianapolis Business Journal.

    ABOUT OLD NATIONAL
    Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $70 billion of assets and $37 billion of assets under management (including Bremer Financial Corporation on a pro forma basis as of March 31, 2025), Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light again named Old National one of “The Civic 50” — an honor reserved for the 50 most community-minded companies in the United States.

    Investor Relations:
    Lynell Durchholz
    (812) 464-1366
    lynell.durchholz@oldnational.com

    Media Relations:
    Rick Vach
    (904) 535-9489
    rick.vach@oldnational.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5d64d8b1-0fab-4151-8bd2-c21133a36465

    The MIL Network

  • MIL-OSI USA: Senator Markey Statement on Senate Passage of Draconian Republican Health Care, Clean Energy Cuts

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Senator Markey: “Senate Republicans abdicated their responsibility to the American people.”
    Washington (July 1, 2025) – Senator Edward J. Markey (D-Mass.) today released the following statement after Republicans voted to pass H.R. 1, Donald Trump’s so-called “Big Beautiful Bill.” The bill now heads to the House of Representatives for consideration.
    “Today, Senate Republicans abdicated their responsibility to the American people. They acted in service to Trump and billionaires while pursuing the largest cuts to health care, food security, and climate and clean energy in United States history. If these cuts pass into law and even one child goes hungry, one worker loses their job, or one person cannot get lifesaving care, the burden falls on Republicans for their record-setting cruelty.
    “People’s lives and livelihoods should not be treated as expendable. Hospitals, nursing homes, and community health centers should not be forced into financial emergency rooms. Families should not be poisoned by pollution or shoulder higher energy costs, and communities should not be left defenseless against the worsening climate crisis.
    “The fight is not over, but time is running out and inaction will cost lives. That’s why we cannot agonize – we must organize. As this Big Ugly Bill heads to the House of Representatives, we all need to continue to raise our voices even louder to stop Trump and Republicans from tearing health care, food assistance, and a livable future away from millions of Americans.”

    MIL OSI USA News

  • MIL-OSI USA: McConnell on Senate Passage of President Trump’s One Big Beautiful Bill

    US Senate News:

    Source: United States Senator for Kentucky Mitch McConnell
    Washington, D.C. – U.S. Senator Mitch McConnell (R-KY) released the following statement today regarding passage of the Senate version of the Reconciliation Bill:
    “The American people sent President Trump and Republican majorities to Washington with a clear mandate: secure the border, restore peace through strength and American energy dominance, and give working families and small businesses relief from the Biden economy.
    “Our votes today are a step toward fulfilling that duty. We’re bolstering border security, investing in programs that assist our farmers, raising take-home pay for working Kentuckians, and preventing the largest tax hike in American history.
    “In the realm of national defense, there is still more to be done. Reconciliation was an opportunity to make an urgent, additive investment on top of a steadily increasing base budget, not an invitation to offload major annual priorities to a one-time injection of funds. Largely missing this opportunity makes the Congress’ work to secure robust topline defense funding even more important, and I will continue to urge my colleagues and the Administration to meet growing and coordinated threats to America’s security with the resources they demand.”

    MIL OSI USA News

  • MIL-OSI Security: Pair Admit Attempted Armed Kidnapping and Robbery of Apartment Property Manager

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    ST. LOUIS – Two people have admitted to attempting to kidnap and rob a St. Louis apartment property manager at gunpoint in 2024, as well as other gun crimes.

    Emma M. Cunningham, 32, pleaded guilty Monday in U.S. District Court to attempted kidnapping, transfer of a firearm to a convicted felon and making a false statement in connection with the purchase of a firearm.

    Jervonz L. Williams, 49, pleaded guilty on June 23 to attempted kidnapping, robbery and possession of a firearm by a felon.

    Both admitted that on Feb. 20, 2024, Cunningham bought a handgun for Williams, her boyfriend and a convicted felon who is thus barred from possessing firearms. Cunningham lied on Bureau of Alcohol, Tobacco, Firearms and Explosives Form 4473 when she claimed she was buying the gun for herself and when she denied being an unlawful user of a controlled substance.

    Williams admitted using the gun to threaten others, including one of Cunningham’s neighbors. He also admitted using it to rob a drug dealer of $17, a gun and cocaine base in late June of 2024. Williams struck the dealer on the head with the revolver multiple times during the robbery.

    Williams and Cunningham used that gun again on Aug. 5, 2024, in a failed bid to kidnap an apartment property manager in St. Louis. The property manager was meeting Cunningham, her tenant, for a final walkthrough. When the victim entered the apartment, Cunningham locked the door and Williams threatened to kill her when she tried to call 911. Williams then demanded cash and the password to her phone so that they could access her financial accounts. They secured her to a chair with duct tape, but she broke free and was able to escape, even though Cunningham and Williams ripped off her shirt and tore out clumps of her hair trying to prevent her from leaving. Two days later, police arrested the couple. Williams had the .38-caliber revolver Cunningham purchased and she had a box of ammunition.

    Williams is scheduled to be sentenced on September 24 and Cunningham on September 30. The kidnapping and robbery charges each carry a potential penalty of up to 20 years in prison. The felon in possession and transfer of a firearm charge each carry a penalty of up to 15 years. The false statement charge carries a penalty of up to 10 years in prison.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives and the St. Louis Metropolitan Police Department investigated the case. Assistant U.S. Attorney Zachary Bluestone is prosecuting 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.

    MIL Security OSI

  • MIL-OSI Security: Pair Admit Attempted Armed Kidnapping and Robbery of Apartment Property Manager

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    ST. LOUIS – Two people have admitted to attempting to kidnap and rob a St. Louis apartment property manager at gunpoint in 2024, as well as other gun crimes.

    Emma M. Cunningham, 32, pleaded guilty Monday in U.S. District Court to attempted kidnapping, transfer of a firearm to a convicted felon and making a false statement in connection with the purchase of a firearm.

    Jervonz L. Williams, 49, pleaded guilty on June 23 to attempted kidnapping, robbery and possession of a firearm by a felon.

    Both admitted that on Feb. 20, 2024, Cunningham bought a handgun for Williams, her boyfriend and a convicted felon who is thus barred from possessing firearms. Cunningham lied on Bureau of Alcohol, Tobacco, Firearms and Explosives Form 4473 when she claimed she was buying the gun for herself and when she denied being an unlawful user of a controlled substance.

    Williams admitted using the gun to threaten others, including one of Cunningham’s neighbors. He also admitted using it to rob a drug dealer of $17, a gun and cocaine base in late June of 2024. Williams struck the dealer on the head with the revolver multiple times during the robbery.

    Williams and Cunningham used that gun again on Aug. 5, 2024, in a failed bid to kidnap an apartment property manager in St. Louis. The property manager was meeting Cunningham, her tenant, for a final walkthrough. When the victim entered the apartment, Cunningham locked the door and Williams threatened to kill her when she tried to call 911. Williams then demanded cash and the password to her phone so that they could access her financial accounts. They secured her to a chair with duct tape, but she broke free and was able to escape, even though Cunningham and Williams ripped off her shirt and tore out clumps of her hair trying to prevent her from leaving. Two days later, police arrested the couple. Williams had the .38-caliber revolver Cunningham purchased and she had a box of ammunition.

    Williams is scheduled to be sentenced on September 24 and Cunningham on September 30. The kidnapping and robbery charges each carry a potential penalty of up to 20 years in prison. The felon in possession and transfer of a firearm charge each carry a penalty of up to 15 years. The false statement charge carries a penalty of up to 10 years in prison.

    The Bureau of Alcohol, Tobacco, Firearms and Explosives and the St. Louis Metropolitan Police Department investigated the case. Assistant U.S. Attorney Zachary Bluestone is prosecuting 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.

    MIL Security OSI

  • MIL-OSI: WinnerMining: Are cryptocurrency fluctuations making people panic? No, it’s the business opportunities of cloud mining.

    Source: GlobeNewswire (MIL-OSI)

    New York City, July 01, 2025 (GLOBE NEWSWIRE) — Against the backdrop of drastic fluctuations in the global economy, cryptocurrencies have become the “number one” investment asset pursued by global investors. In particular, BTC, ETH, and XRP continue to influence the global cryptocurrency market. However, AQUARONE, Steffan Luke, CEO of WinnerMining Co., Ltd., believes that amid the market fluctuations that everyone is worried about, there are business opportunities that cannot be missed.

    “Volatility” turns into business opportunities
    WinnerMining not only prevents market volatility, but also stimulates more active trading. WinnerMining offers a variety of different investment contracts for investors of all levels, allowing them to make investment decisions with confidence.
    Despite the uncertainty of US policies under President Trump, which may affect global cryptocurrencies, WinnerMining can cope with the challenges that may arise in the second half of the year and maintain its leading position in the international cryptocurrency market.
    “WinnerMining has experienced crises, whether it is COVID-19 that disrupts the world, US taxation, or regional political conflicts, and each time it has been able to manage in a professional manner and has good resources and connections in the global crypto market, so our customers will still be taken care of in the best way without being affected by irregular market behavior.”

    What are the advantages of Winnermining?
    1. Fund security: The biggest concern of any investor is fund security. There is no need to worry about it at Winnermining, because Winnermining adopts military-grade double protection and stores funds in cold wallets and the world’s top 10 authoritative banks. And it can protect users from asset loss or inflation problems between conflicts.

    2. Registration bonus: In order to welcome novices or experienced miners who join Winnermining for the first time, as long as they join Winnermining, they will immediately receive a platform reward of $15.

    3. Multiple choices: Provide more than 10 different levels of contracts, suitable for users of any class, and also support free cloud mining!

    4. Flexible participation: Support global users to invest in popular currencies such as BTC, ETH, XRP, SOL, DOGE, USDT, USDC, LTC, BCH, etc.

    5. Maintain sustainability: Winnermining has more than 100 large and small new energy power generation sites around the world to maintain the development of cloud mining and continue the mining process.

    6. Customer Support: We provide 24-hour online customer service. Users can visit and consult at any time in any region. Adhering to the concept that customers are God, we serve users from all over the world wholeheartedly and let users have the experience of first love.

    How to participate in Winnermining?
    Step 1: Visit the official website, fill in your email address and set your username/password to complete the registration.
    Step 2: Select the appropriate contract to purchase and lease (all lease contracts can refund the principal).
    Step 3: After the purchase is completed, no operation is required, just wait for 24 hours to get daily income.

    How to earn income on Winnermining?
    Users can complete registration on the official website or application and purchase contracts on the platform.
    Some equity contracts of WinnerMining in 2025 can be viewed here:
    I- Antminer S17e: Investment amount of $100, total profit of $100 + $8.
    II – Shenma Miner M30S: Investment amount of $1000, total profit of $1000 + $130.
    III – Antminer S19J Pro: Investment amount of $3000, total profit of $3000 + $675.
    IV- AvalonMiner A1346: Investment amount of $5000, total profit of $5000 + $1600.
    V – Desiwe Miner K10Ultra: Investment amount of $30,000, total profit of $30,000 + $24300.
    VI – Rack-mounted Filecoin Miner 4300TiB S: Investment amount of $100,000, total profit of $100,000 + $92,500.
    (Visit WinnerMining.VIP to view more contracts)

    Overview:
    Winnermining knows that in the ever-changing crypto market, no one can stand still. The fluctuating crypto market has bubbles and opportunities, and participating in WinnerMining cloud mining is a good choice for digital growth. Join now and get a $15 reward without applying.
    —— Click to download the APP to participate in WinnerMining to take you to experience the daily growth progress of digital assets.

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    The MIL Network

  • MIL-OSI: Equasens: General meeting – Results of the votes

    Source: GlobeNewswire (MIL-OSI)

    Villers-lès-Nancy, 1st July 2025 – 07:00 p.m. (CET)

    PRESS RELEASE

    RESULTS OF THE VOTES ON THE RESOLUTIONS SUBMITTED
    TO THE ORDINARY ANNUAL SHAREHOLDERS’ MEETING
    OF 25 JUNE 2025

    Number of shares comprising the share capital: 15,174,125

    Number of shares with voting rights: 14,830,415

    Number of shares with voting rights possessed by shareholders presents or represented or having voted by mail: 13,173,125

    That means a quorum of 88.83% of the 14,830,415 shares with voting rights: the Ordinary Annual General Meeting was able to deliberate.

    The Ordinary Annual General Meeting was held on Wednesday, 25 June 2025 at 5:30 p.m. at the Company’s headquarters and approved the separate parent company and consolidated financial statements for the 2024 financial year. The results of the votes on the resolutions proposed at this meeting by the Board of Directors were as follows:

    Resolutions

    Results of the votes

    • RESOLUTION ONE

    Approval of the annual financial statements

    Resolution adopted by:

    • 13,170,684 votes in favour
    • 0 vote against
    • 2,441 abstentions
    • RESOLUTION TWO

    Discharge of directors and discharge of the Statutory Auditors for the performance of their engagement

    Resolution adopted by:

    • 12,831,312 votes in favour
    • 339,266 votes against
    • 2,547 abstentions
    • RESOLUTION THREE
      Approval of the consolidated financial statements
    Resolution adopted by:

    • 13,170,684 votes in favour
    • 0 vote against
    • 2,441 abstentions
    • RESOLUTION FOUR

    Appropriation of earnings, setting the dividend

    Resolution adopted by:

    • 13,138,631 votes in favour
    • 34,494 votes against
    • 0 abstention
    • RESOLUTION FIVE

    Agreements and commitments governed by Articles L. 225-38 of the French Commercial Code

    Resolution adopted by (*):

    • 13,101,211 votes in favour
    • 59,549 votes against
    • 12,365 abstentions
    • RESOLUTION SIX

    Approval of the information on the compensation of corporate officers paid in or granted for fiscal 2024 and mentioned in Article L. 22-10-9 of the French Commercial Code

    Resolution adopted by:

    • 12,507,815 votes in favour
    • 665,242 votes against
    • 68 abstentions
    • RESOLUTION SEVEN

    Approval of the components of compensation paid in 2024 to Mr. Thierry CHAPUSOT, Chairman of the Board of Directors

    Resolution adopted by:

    • 13,115,547 votes in favour
    • 57,510 votes against
    • 68 abstentions
    • RESOLUTION EIGHT

    Approval of the components of compensation paid in 2024 to Mr. Denis SUPPLISSON, Chief Executive Officer

    Resolution adopted by:

    • 10,782,118 votes in favour
    • 2,390,939 votes against
    • 68 abstentions
    • RESOLUTION NINE

    Approval of the components of compensation paid in 2024 to Mr. Grégoire DE ROTALIER, Deputy CEO

    Resolution adopted by:

    • 10,782,118 votes in favour
    • 2,390,939 votes against
    • 68 abstentions
    • RESOLUTION TEN

    Approval of the components of compensation paid in 2024 to Mr. Damien VALICON, Deputy CEO (non-Board member), as from 01/04/2024

    Resolution adopted by:

    • 10,762,253 votes in favour
    • 2,410,804 votes against
    • 68 abstentions
    • RESOLUTION ELEVEN

    Approval of the compensation policy for Mr. Thierry CHAPUSOT, Chairman of the Board of Directors, for 2025

    Resolution adopted by:

    • 13,115,547 votes in favour
    • 57,510 votes against
    • 68 abstentions
    • RESOLUTION TWELVE

    Approval of the compensation policy for Mr. Denis SUPPLISSON, Chief Executive Officer, for 2025

    Resolution adopted by:

    • 10,545,572 votes in favour
    • 2,454,875 votes against
    • 172,678 abstentions
    • RESOLUTION THIRTEEN

    Approval of the compensation policy for Mr. Grégoire de ROTALIER, Deputy Chief Executive Officer, for 2025

    Resolution adopted by:

    • 10,537,207 votes in favour
    • 2,463,240 votes against
    • 172,678 abstentions
    • RESOLUTION FOURTEEN

    Approval of the compensation policy for Mr. Damien VALICON, Deputy Chief Executive Officer, for 2025

    Resolution adopted by:

    • 10,537,207 votes in favour
    • 2,463,240 votes against
    • 172,678 abstentions
    • RESOLUTION FIFTEEN

    Approval of the compensation policy for Directors

    Resolution adopted by:

    • 13,127,845 votes in favour
    • 45,212 votes against
    • 68 abstentions
    • RESOLUTION SIXTEEN

    Setting total annual compensation for Directors for 2025

    Resolution adopted by:

    • 13,127,845 votes in favour
    • 45,212 votes against
    • 68 abstentions
    • RESOLUTION SEVENTEEN

    Authorisation by the Company to repurchase its own shares

    Resolution adopted by:

    • 11,297,178 votes in favour
    • 1,875,947 votes against
    • 0 abstention
    • RESOLUTION EIGHTEEN

    Powers for formalities

    Resolution adopted by:

    • 13,173,125 votes in favour
    • 0 vote against
    • 0 abstention

    (*)After deduction of excluded voting rights

    Upcoming financial communications

    • 31 July 2025: Q2 2025 revenue – After the close of trading
    • 26 September 2025: H1 2025 results: 26 September 2025

    About Equasens Group

    Founded over 35 years ago, Equasens Group, a leader in digital healthcare solutions, today employs over 1.300 people across Europe.
    Equasens Group’s specialised business applications facilitate the day-to-day work of healthcare professionals and their teams, working in private practice, collaborative medical structures or healthcare establishments. The Group also provides comprehensive support to healthcare professionals in the transformation of their profession by developing electronic equipment, digital solutions and healthcare robotics, as well as data hosting, financing and training adapted to their specific needs.
    And reflecting the spirit of its tagline “Technology for a More Human Experience”, the Group is a leading provider of interoperability solutions that improve coordination between healthcare professionals, their communications and data exchange resulting in better patient care and a more efficient and secure healthcare system.

    Listed on Euronext Paris™ – Compartment B

    Indexes: MSCI GLOBAL SMALL CAP – GAÏA Index 2020 – CAC®SMALL and CAC®All-Tradable
    Included in the Euronext Tech Leaders segment and the European Rising Tech label

    Eligible for the Deferred Settlement Service (“Service à Réglement Différé” – SRD) and equity savings accounts invested in small and mid-caps (PEA-PME).
    ISIN: FR 0012882389 – Ticker Code: EQS

    Get all the news about Equasens Group www.equasens.com and on LinkedIn

    CONTACTS

    EQUASENS Group
    Analyst and Investor Relations:
    Chief Administrative and Financial Officer: Frédérique Schmidt
    Tel: +33 (0)3 83 15 90 67 – frederique.schmidt@equasens.com

    Financial communications agency:
    FIN’EXTENSO – Isabelle Aprile

    Tel.: +33 (0)6 17 38 61 78 – i.aprile@finextenso.fr

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    The MIL Network

  • MIL-OSI Africa: African Development Bank approves ZAR 2.5 billion loan to City of Johannesburg for critical urban infrastructure development


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    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a ZAR 2.5 billion (approximately $139 million) corporate loan to the City of Johannesburg Metropolitan Municipality, marking the Bank’s first direct lending to a subnational entity in Africa.  

    The transaction will finance critical infrastructure projects in electricity, water, sanitation, and solid waste management, directly benefiting over 6 million residents in South Africa’s economic powerhouse. 

    The approval marks a transformative moment for municipal financing across Africa, operationalizing the African Development Bank’s Guidelines for Subnational Finance for the first time. The funding will exclusively support trading services infrastructure that generates revenue, ensuring sustainable debt repayment, while addressing urgent challenges in service delivery. 

    “This landmark transaction, led by the African Development Bank’s Infrastructure and Urban Development Department, in coordination with the Water and Sanitation Department,  and the Power Department, signals a new era in how the African Development Bank can empower cities,” said the Bank’s Vice President for Private Sector, Infrastructure & Industrialization, Solomon Quaynor. “By directly financing Johannesburg, we are unlocking a scalable model for subnational lending that enables multi-sectoral infrastructure delivery and positions the Bank as a trusted partner in driving sustainable, inclusive urban development across Africa.” 

    The loan will finance over 100 carefully selected projects across four vital sectors: upgrading distribution networks, installing smart meters, expanding renewable energy capacity, and connecting 3,200 new households to the grid; rehabilitating aging pipelines, upgrading treatment facilities, and reducing water losses from 46% to 37%;  and improving landfill compliance, expanding recycling facilities, and enhancing waste collection services. 

    “This historic transaction demonstrates the African Development Bank’s commitment to supporting creditworthy cities as engines of economic growth,” said the African Development Bank’s Director General for Southern Africa, Kennedy  Mbekeani. “Johannesburg is not just South Africa’s largest city – it contributes 16% to the country’s GDP and serves as a gateway for investment across the continent. By strengthening its infrastructure backbone, we’re investing in Africa’s urban future.” 

    The City of Johannesburg faces significant infrastructure challenges, with annual electricity losses of 30% for the past three years and water losses of 46.1%. The project is expected to create 2,869 jobs during construction and substantially improve service reliability for millions of residents. 

    An additional $1.5 million grant through the Bank’s Urban and Municipal Development Fund is being sought to support municipal reforms, governance and climate-resilient planning initiatives. 

    Beyond infrastructure improvements, the project will deliver significant socioeconomic benefits:  

    • 592 full-time equivalent jobs, with 14% reserved for women and 23% for youth. 
    • Reduced electricity and water interruptions will boost productivity for 65% of electricity and 5% of water consumed by industry. 
    •  Enhanced free basic services for 160,000 indigent households.  
    • ZAR 500 million in contracts earmarked for small and medium enterprises, with 40% reserved for women-owned businesses and 50% for youth entrepreneurs. 

    The African Development Bank has included comprehensive safeguards in the project to assure robust monitoring and oversight, transparency, compliance, and sound financial management throughout the loan lifecycle. 

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media contact: 
    Emeka Anuforo
    Communication and External Relations Department
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states.

    For more information: www.AfDB.org

    MIL OSI Africa

  • MIL-OSI Africa: Hexavalent in Senegal: A step forward for immunization coverage and child health


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    On the morning of July 1, 2025, Aissatou, a young mother from Diamniadio, arrived early at the health center, her two-month-old baby snuggled against her. She hadn’t come for a routine consultation—today, her child was receiving the new hexavalent vaccine.

    “Before, I was afraid of multiple injections for my baby. Today, the health workers explained to me that a single dose protects against six serious diseases. It’s reassuring to know that he’ll suffer less while being better protected,” confides Aissatou, gazing at her sleeping son.

    Like her child, 640,000 infants are targeted this year by the new vaccination schedule. Thanks to the introduction of the hexavalent vaccine, they will be protected against diphtheria, tetanus, whooping cough, hepatitis B, Haemophilus influenzae type B (Hib), and poliomyelitis—all in a single shot.

    Behind this apparent simplification lies a long process of preparation. The Expanded Programme on Immunization (EPI), with technical and financial support from partners such as Gavi and the World Health Organization (WHO), led an ambitious transition. WHO in particular trained nearly 6,000 health workers, ensured rigorous cold chain management (the vaccine must be kept between +2°C and +8°C), and deployed digital real-time monitoring tools.

    “Hexavalent represents a qualitative leap for us vaccinators. A single injection means faster vaccination, less crying, and above all, greater protection,” explains Aminata, a vaccinator in Diamniadio.

    1.6 million doses have been positioned across the country’s 14 regions. The aim is to achieve at least 90% vaccination coverage by the end of the year. And the expected benefits are considerable: according to Ministry of Health projections, the introduction of this vaccine could halve hospitalizations for the targeted diseases by 2030.

    For Dr. Badiane, coordinator of the national EPI, this reform marks a turning point: “It’s not just a change of vaccine—it’s a new paradigm. We’re simplifying the schedule, strengthening immunity, and gaining in effectiveness in the field. WHO’s support has been decisive at every stage.”

    Beyond the numbers and logistics, it’s families like Aissatou’s who are feeling the change in concrete terms: less stress at each vaccination appointment, a better understanding of health issues, and above all, renewed confidence in the healthcare system.

    Dr. Jean-Marie Vianny Yameogo, WHO Representative in Senegal, sees this transition as an illustration of health equity: “Introducing the hexavalent vaccine means offering every Senegalese child the same chance to grow up in good health. It’s a concrete commitment to reducing inequalities and building a fairer future for all.”

    As she leaves the health center, vaccination booklet in hand, Aissatou takes a moment to smile. “I’ll be back for the other doses. My child deserves the best possible protection.”

    An individual decision—but a collective step towards a healthier future.

    Distributed by APO Group on behalf of World Health Organization (WHO) – Senegal.

    MIL OSI Africa

  • MIL-OSI Russia: State Council Commission Meeting at the State University of Management: Technical Innovations and Traditional Values Will Become Priorities of Russian Education Until 2036

    Translation. Region: Russian Federal

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

    On July 1, 2025, a joint meeting of the commissions of the State Council of the Russian Federation in the areas of “Personnel”, “Youth and Children”, “Family” was held at the site of the State University of Management to consider the draft Strategy for the Development of Education in the Russian Federation until 2036.

    The moderator of the meeting, Russian journalist and TV presenter Ernest Matskyavichyus, introduced the main participants in the discussion and reported that more than 1,000 experts worked on the text of the Education Development Strategy, many of whom are present at the meeting.

    The Chairman of the Commission of the State Council of the Russian Federation on “Personnel”, Governor of the Kaluga Region, and graduate of the State University of Management Vladislav Shapsha noted in his welcoming speech that the education system should be flexible and adaptive, integrated into the real sector of the economy and continuous.

    “Today, a situation has arisen where one specialty is no longer enough for an educated person; at least two are needed to always be prepared for the changing situation on the labor market. Qualified specialists of a new type must think innovatively and be able to solve problems in the context of rapid digital transformation and global competition. The key tasks now are: synchronizing education with the labor market, overcoming imbalances in personnel training and forming a system of advanced training, since in the future the situation will change even faster, and artificial intelligence can sharply reduce employment in many areas of labor activity,” warned Vladislav Shapsha.

    The Chairman of the State Council of Russia Commission on “Youth and Children”, Governor of the Yamalo-Nenets Autonomous Okrug Dmitry Artyukhov expressed pleasure at the representative meeting on such a comprehensive topic.

    “Education is a vital area that concerns absolutely everyone: teachers, parents, and millions of children and young people across the country. We have done serious work on the Education Development Strategy on the instructions of the President. Now it is time to move on to action – to focus on implementing our plans. Together, we are laying the foundation for the future of Russian education. This is a vital state task, because it is education that solves key problems for the country: it provides knowledge and skills, trains personnel for the economy, and most importantly, brings up a new generation of Russians,” said Dmitry Artyukhov.

    The Chairman of the State Council of Russia’s Commission on the “Family” Direction, Head of the Republic of Mordovia Artem Zdunov drew the attention of those gathered to the fact that the document under discussion will determine the development vectors not only of education itself, but also through it of the entire country as a whole.

    “I will note two key priorities of the Strategy. The first is the further implementation of high-quality education regardless of the place of residence and social status of the family. Much has already been done for this: new schools and kindergartens have been built, major repairs have been carried out, and institutions have been equipped with modern equipment. The second priority is that the education system should be built on the basis of traditional Russian values, including a strong family. Efforts in this direction should be systemic and continuous, starting from kindergarten to university. The cult of large families should be spread everywhere, similar to how this year we widely celebrate the 80th anniversary of Victory in the Great Patriotic War – information should be broadcast from TV screens, from the Internet, from billboards on city streets and in educational institutions,” said Artem Zdunov.

    Deputy Minister of Education of the Russian Federation Irina Shvartsman said that a public opinion poll was conducted to prepare the draft Strategy for the Development of Education, which affected 338 thousand people. The structure of the Strategy was developed by 15 working groups, including representatives of all departments, the Presidential Administration, the Russian Academy of Education and other experts.

    “The strategy does not hide the problems, it is designed to identify and eliminate them. These are the problems of a shortage of personnel and wages, dilapidated buildings, bureaucratic burden on teachers, and the ideological gap between teachers and students. One of the main values in the education system should be a person. The rights of children and teachers should be equally protected. And to achieve humanitarian and scientific-technical leadership of Russia in the world, it is necessary not only to train qualified specialists, but also to work systematically in the direction of patriotic education,” said Irina Shvartsman.

    Deputy Minister of Science and Higher Education of the Russian Federation Dmitry Afanasyev noted that for the first time in Russia a single document on issues of education development is appearing.

    “In response to current challenges, the Ministry of Education and Science proposes to create a new list of specialties that meet the country’s strategic objectives, reboot and update state programs such as “Priority 2030” and “Advanced Engineering Schools”, and continue to build new university campuses. In addition, it is necessary to strengthen the influence of domestic education abroad, develop online forms of education, and promote the Russian language as the language of international communication. In this area, the Strategy still requires revision,” Dmitry Afanasyev said.

    Rector of the State University of Management Vladimir Stroyev noted the significant number of GUU graduates at a meeting of the State Council commissions and spoke about the work of the university.

    “The need to change the education system is obvious, but its conservatism can also have its advantages. Until the 1990s, GUU was not a management university, but an engineering and economics university. And we managed to preserve elements of the previous system. Starting in 2022, we are actively reviving the system of training industry managers who understand and know the production base well. For this purpose, GUU is implementing a system of seamless project-based learning. The structure of the university includes the Pre-University – a budget school where, in addition to studying general subjects, students begin to get used to practice-oriented learning. GUU is probably the only university in the country where project-based learning is practiced in 100% of areas of education, starting from the 1st year, which by the end of the study leads to a high level of graduate employment. In addition, we do not forget about the meanings – we are a leading university in the field of educational work, we support student families, and we encourage employees to have children. Our task is not only to raise a competent manager, but also to educate him as a responsible citizen who works for the benefit of the state and society,” said Vladimir Stroyev.

    In addition, the rector of the State University of Management introduced the meeting participants to the scientific and technical achievements of the university, in particular, to the system of work of the inter-university design bureau, and invited those interested to take a tour of the university.

    The meeting was also attended by: Deputy Head of the Secretariat of the Deputy Prime Minister of the Russian Government Antony Shvindt, Director of the Department of Personnel Policy of the Ministry of Education and Science of the Russian Federation Alexey Svistunov, Deputy Governor of the Kaluga Region Tatyana Leonova, Deputy Head of the Federal Service for Supervision in Education and Science Evgeny Semchenko and many other experts.

    Summing up the panel discussion, the Chairman of the State Council of the Russian Federation Commission on Personnel Vladislav Shapsha particularly highlighted the topic raised by many speakers about the key role of education within the Education Development Strategy. “You can teach a lot, but if a person does not have a moral core, then his technical skills can be harmful. The Russian person has always been spiritual. You cannot understand Russia with your mind, you cannot measure it with a common yardstick…”, Vladislav Valerievich concluded the meeting of the State Council commissions with a quote from a poem by Fyodor Tyutchev.

    After the end of the panel discussion, the participants of the meeting of the State Council commissions were given a tour of the State University of Management, as promised by the rector. In addition to the experts, the moderator of the discussion, Ernest Matskyavichyus, did not miss this opportunity.

    The guests were shown the new workshop of the student design bureau “Innovative Solutions”, the Engineering Project Management Center and the Media Center of the State University of Management. Antoniy Shvindt paid special attention to the scientific and technical developments of the State University of Management. Aleksey Svistunov appreciated the comfort and equipment of the premises. Ernest Matskyavichyus, naturally, was most interested in the studios, and Tatyana Leonova even proposed a project for a series of short educational videos on the topic of management science.

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

    MIL OSI Russia News

  • MIL-OSI: No Credit Check Loans Guaranteed Approval No credit Check- Radcred Launches New Features To Offer Instant Loans For US Borrowers In Need

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, July 01, 2025 (GLOBE NEWSWIRE) — RadCred, a leading innovator in financial technology, has launched a new platform designed to provide no credit check loans with guaranteed approval for U.S. consumers with bad credit. Unlike traditional banks, which often deny loans based on FICO scores, RadCred’s platform evaluates borrowers based on their income and repayment ability, ensuring that even those with low credit scores can access the funds they need.

    With same day funding and no hard credit checks, RadCred provides fast financial relief for urgent needs like medical bills, car repairs, or rent payments. RadCred’s platform guarantees approval for bad credit personal loans for eligible applicants, offering loans up to $5,000, making it an ideal solution for those who might otherwise be rejected by traditional lenders. Whether you’re seeking quick loans for bad credit or an emergency loan for bad credit with guaranteed approval, RadCred ensures you can get the funds you need when you need them most.

    What are No Credit Check Loans?

    No credit check loans are a type of personal loan for bad credit where the lender does not perform a hard credit inquiry, which can negatively impact a borrower’s credit score. Instead, these no credit check loans focus on a borrower’s income and ability to repay. RadCred’s no credit check loans guaranteed approval provide immediate access to cash without the usual barriers imposed by traditional lenders.

    Unlike traditional loans, which rely heavily on a borrower’s credit history, RadCred’s no credit check loans allow individuals with bad credit to access fast funding. RadCred uses a soft credit check to evaluate applications, meaning your credit score remains unaffected by the loan application process. This makes RadCred’s no credit check payday loans and bad credit personal loans guaranteed approval $5,000 ideal for people with low credit scores looking for fast financial relief.

    How RadCred Solves the Problem

    Many individuals with bad credit face barriers when seeking financial help. Traditional banks often reject loan applications from borrowers with a low credit score, leaving them without options in times of need. RadCred’s no credit check loans address this gap by focusing on income verification rather than credit history, making it easier for individuals to obtain loans for bad credit even with a credit score below 600.

    RadCred’s process is simple, transparent, and fast. Borrowers can apply for no credit check payday loans from the comfort of their home and get same day payday loans. By evaluating applicants based on income, RadCred ensures more inclusive access to bad credit personal loans guaranteed approval $5,000, making it one of the most reliable lenders for bad credit borrowers.

    Key Features of RadCred’s No Credit Check Loans:

    • Guaranteed Approval: Guaranteed approval for eligible applicants based on income, not FICO score. Borrowers with bad credit have a high chance of approval.
    • No Hard Credit Check: RadCred uses a soft credit inquiry, ensuring your credit score is not impacted by the loan application.
    • Same-Day Funding: Funds are typically deposited directly into your bank account the same day, providing fast access to cash.
    • Flexible Loan Terms: RadCred offers flexible repayment plans, allowing borrowers to choose a term length that suits their financial situation.
    • Transparent Terms: RadCred discloses APR, fees, and repayment schedules upfront, ensuring no hidden charges.

    How to Get Guaranteed Approval for No Credit Check Loans

    Applying for no credit check loans with guaranteed approval is easy with RadCred’s streamlined online process:

    1. Apply Online: Complete a short application form with basic personal and financial information.
    2. Soft Credit Check: RadCred uses a soft credit check, so your credit score is not affected by the application.
    3. Receive Multiple Offers: RadCred’s system matches you with lenders based on your income and requested loan amount, giving you options to compare.
    4. Choose Your Offer: Select the loan offer that best fits your needs.
    5. Receive Funds: After approval, funds are typically transferred to your bank account within hours.

    Eligibility for No Credit Check Loans

    To apply for no credit check loans through RadCred, borrowers must meet the following criteria:

    • Must be at least 18 years old.
    • Must be a U.S. resident with a valid U.S. address.
    • Must have stable income (e.g., employment, benefits).
    • Must have an active bank account for loan disbursement.
    • No credit score requirement, though income and repayment ability are key factors.

    Why RadCred is the Ideal Choice for Bad Credit Borrowers

    RadCred stands out as a reliable solution for individuals seeking no credit check loans with guaranteed approval, especially those with bad credit. Here are some key advantages of choosing RadCred:

    • Same-Day Funding: RadCred offers fast access to funds, ensuring you get the money you need when emergencies arise.
    • No Hidden Fees: The platform provides transparent APRs and terms, ensuring borrowers won’t face unexpected charges or surprises.
    • Flexible Terms: You can select a loan amount and repayment plan that best fits your financial situation, offering more control over your loan.
    • Trustworthy Network: RadCred partners exclusively with licensed lenders who adhere to ethical lending practices, ensuring a safe borrowing experience.
    • Safe and Secure: With advanced encryption, RadCred protects your personal and financial data, giving you peace of mind throughout the process.

    RadCred’s no credit check loans provide a transparent, secure, and flexible way for bad credit borrowers to access urgent financial relief.

    RadCred Offers Various No Credit Check Loan Options for Borrowers with Bad Credit

    RadCred’s platform is designed to help individuals facing financial difficulties, especially those with bad credit, by providing a range of no credit check loan options. With a focus on income and repayment ability, RadCred ensures a quick and seamless loan process, making it a reliable choice for borrowers who may have been turned down by traditional banks.

    Types of No Credit Check Loans Provided by RadCred

    1. Payday Loans Online (Same Day):
      RadCred connects borrowers with lenders who offer payday loans online with same-day funding. These short-term loans are ideal for those who need urgent financial assistance before their next paycheck.
    2. Bad Credit Payday Loans:
      Tailored for individuals with poor credit scores, RadCred’s bad credit payday loans provide quick access to funds with guaranteed approval based on income verification, rather than credit history.
    3. Installment Loans No Credit Check:
      For larger expenses, RadCred offers installment loans with flexible repayment terms. These loans are ideal for those who need more time to repay their borrowed amount.
    4. Emergency Loans Without Credit Checks:
      RadCred provides emergency loans to cover unexpected expenses such as medical bills or urgent home repairs. The process is fast and efficient, ensuring that funds are available when needed most.
    5. 1-Hour Payday Loans:
      For immediate financial needs, RadCred offers 1-hour payday loans, providing quick funding for those in urgent need of cash.

    These loan types offer flexibility and quick access to cash, all while ensuring that borrowers do not face the traditional barriers imposed by credit score checks.

    How RadCred’s No Credit Check Loans Compare to Traditional Loans

    Traditional Loans:

    • Strict credit score requirements: Traditional lenders, such as banks and credit unions, heavily rely on credit scores to determine eligibility. Individuals with bad credit or a low credit score often face difficulty in securing loans. If your score is below 600, the chances of qualifying for a traditional loan are significantly reduced.
    • Longer approval processes: The approval process for traditional loans is often lengthy and involves numerous steps. Applicants typically need to submit extensive paperwork, including proof of income and assets. The long waiting time is a major disadvantage for those needing immediate access to funds for emergencies.
    • Higher risk of rejection for bad credit borrowers: Traditional loans are usually not accessible to individuals with bad credit. The rejection rate is high for bad credit borrowers because traditional lenders focus primarily on the applicant’s credit history. As a result, those with poor credit scores or limited credit history are often denied financial assistance.

    RadCred No Credit Check Loans:

    • Focus on income and repayment ability: Unlike traditional lenders, RadCred evaluates applicants based on their income and repayment ability, rather than credit scores. This provides an opportunity for borrowers with bad credit to qualify for loans.
    • Guaranteed approval for eligible applicants: RadCred offers guaranteed approval to borrowers who meet the basic eligibility criteria, ensuring that more individuals can secure funds.
    • Fast, same-day funding with no hard credit checks: RadCred’s platform offers same day funding and does not perform hard credit checks, which means applying will not impact your credit score. This makes it an ideal choice for those needing immediate funds for emergencies.

    In comparison to traditional loans, RadCred is a faster, more inclusive, and accessible lending solution, especially for individuals with bad credit.

    Frequently Asked Questions (FAQs)

    Q1: What is the maximum loan amount for no credit check loans?
    RadCred offers loans up to $5,000 for eligible applicants, depending on income and other factors. Some lenders in RadCred’s network may even offer amounts up to $10,000 based on your financial profile.

    Q2: How fast will I receive the money?
    Once approved, RadCred typically transfers funds to your bank account the same day. The exact timing can depend on your bank’s processing times.

    Q3: Will applying for a loan affect my credit score?
    No, RadCred uses a soft credit check, which will not impact your credit score. This ensures you can apply for loans with confidence, even with a low credit score.

    Q4: Are there any hidden fees?
    No, RadCred is committed to transparency. All fees, APR, and repayment terms are disclosed upfront, so you won’t face any unexpected charges.

    Final Thoughts on RadCred’s No Credit Check Loans

    RadCred’s no credit check loans offer a flexible, accessible solution for individuals who need bad credit loans. With guaranteed approval based on income and a no credit check approach, RadCred makes it easier for U.S. residents to access funds when they need them most. Whether you need emergency loans for bad credit or are simply looking for a way to manage unexpected expenses, RadCred offers a fast, secure, and reliable platform for financial relief.

    Disclaimer:

    RadCred’s loan offers are subject to meeting lender requirements and state-specific regulations. While RadCred provides high approval rates for bad credit applicants, no loan is truly guaranteed for everyone. Borrowers must meet basic eligibility criteria. RadCred uses a soft credit check, so your credit score won’t be affected by applying. Loan terms and amounts vary based on lender and borrower profile. Funds are typically deposited the same day, though exact timing may differ.

    The MIL Network

  • MIL-OSI USA: Welch Votes No on Republicans’ Disastrous Tax Bill 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    WASHINGTON, D.C. — U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance and Judiciary Committees, and Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit, released the following statement after voting in strong opposition against Senate Republicans’ disastrous tax bill:   
    “We have an obligation to put the constituents and hardworking families we represent first. Instead of helping everyday people, Republicans’ tax bill capitulates to President Trump and harms communities large and small. This cruel bill will take us back decades by exacerbating income inequality, ripping away health care, and rolling back progress on climate change. It will also raise costs and weaken the economy. All of this pain has been caused to help pay for tax cuts for the very wealthy—a top priority of President Trump. I am grateful to the few Republicans—Senators Tillis, Paul, and Collins—who voted against this terrible bill,” said Senator Welch. “The irony is all these hardships will be faced by citizens in red and blue states—the pain is bipartisan. It’s outrageous that families will now face untold hardships because of the Trump Administration’s cuts. I voted no on this bill and will fight to reverse these policies in any way I can.”  
    Republicans’ reckless tax and spending bill will block access to health care for 17 million people, rip away vital food assistance for millions, cut clean energy incentives and add a tax to wind and solar energy, raise utility bills and grocery prices, and tank the economy—all to pay for tax cuts for the very wealthy.    
    Senator Welch filed amendments and changes to Republicans’ One Big Beautiful Bill Act to strengthen the economy, protect access to health care and nutrition programs, and provide more stability for families and rural communities, including provisions to: 
    Protect Access to Health Care and Support Rural Hospitals:  

    Welch proposed requiring the Finance Committee to rewrite the bill to prevent harm to rural health care and the fiscal wellbeing of rural hospitals;  

    Welch proposed requiring the Finance Committee to exempt managed care programs operated by state governments like Vermont from any changes proposed to state directed payments.  

    Welch proposed requiring the Finance Committee to strike any changes to provider taxes, including changes that would impact states like Vermont with Medicaid expansion;  

    Welch proposed requiring the Health, Education, Labor and Pensions (HELP) Committee to make it easier to verify eligibility for the Affordable Care Act’s premium tax credits and expand special enrollment periods under certain circumstances. 

    Defend Food Assistance Programs:  

    Welch proposed requiring the Agriculture Committee to strike any cost-shifts of administering SNAP to states, which would kick American families off the food assistance they need and strain state budgets;  

    Welch proposed an amendment to strike administrative cost-shifts for SNAP;  

    Welch proposed an amendment to adjust the Thrifty Food Plan for cities, counties, and regions where the price of food is 10% higher than the national average;  

    Welch proposed an amendment that places a floor on SNAP allotments to households instead of a ceiling;  

    Welch proposed an amendment preserving the standard utility deduction, which cuts administrative red tape and boosts benefits by providing a more accurate portrayal of a household’s available resources for food when determining SNAP eligibility; 

    Welch proposed requiring the Agriculture Committee to rewrite the bill to allow volunteer work to qualify under SNAP’s work requirements.   

    Protect Programs and Government Services:  

    Welch proposed requiring the Finance Committee to rewrite the bill to maintain the energy efficient home improvement tax credit at current levels through 2028;  

    Welch proposed an amendment to strike the repeal of several home energy efficiency tax credits, including credits for home energy, rooftop solar, energy efficient homes for homebuilders, and more;  

    Welch proposed striking language in the bill that would rescind funding for state-based contractor training grants, as required in Welch’s HOPE for HOMES Act, passed as part of the Inflation Reduction Act;  

    Welch proposed striking language in the bill that would institute taxes on international remittances.  

    Welch proposed an amendment to dedicate funding for residential reentry centers, which are needed in Vermont;  

    Welch proposed an amendment to dedicate funding for the federal public defenders program, which is currently underfunded. 

    Senator Welch has been an outspoken opponent of the President Trump’s One Big Beautiful Bill Act, which Republicans are advancing through reconciliation process without Democratic support. Late Sunday evening, Senator Welch took to the Senate floor to reveal how Republicans’ disastrous tax and spending bill will force millions of working Americans in Vermont, West Virginia, and across the country to lose their health coverage, rip away vital food assistance for more than 42 million Americans, cut clean energy incentives and add a tax to wind and solar energy, raise utility bills and grocery prices, and tank the economy—all to pay for tax cuts for the very wealthy.   
    Welch has slammed the bill for threatening access to health care and cutting food assistance, and has sounded the alarm about how this bill will add more than $4 trillion to the national debt and tank the economy.    

    MIL OSI USA News

  • MIL-OSI: SIMPPLE Ltd. Provides Compliance Updates with Nasdaq’s Continued Listing Requirements

    Source: GlobeNewswire (MIL-OSI)

    Singapore, July 01, 2025 (GLOBE NEWSWIRE) — SIMPPLE Ltd. (NASDAQ: SPPL) (“SIMPPLE” or “the Company”), a leading technology provider and innovator in the facilities management (FM) sector, today announced that it believes it has regained compliance with the minimum shareholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1) due to strong financial performance and closing of a financing round, as well as the requirement to hold an annual meeting of shareholders under Nasdaq Listing Rule 5620(a).

    Shareholders’ Equity Compliance

    As of the date of this report, the Company believes its shareholders’ equity is above the Nasdaq $2.5 million requirement. This increase is partially attributable to the closing of a private investment in public equity (“PIPE”) offering for total gross proceeds of $2,000,001.00. The objective of this fund raise is to accelerate product development and to increase market share, especially in the Australia and New Zealand (ANZ) markets. In addition, the Company expects to continue strengthening its financial position for the full year, supported by robust operating performance for the first half of 2025. Based on these trends and internal forecasts, the Company projects that it will continue to meet and exceed shareholders’ equity requirement by year-end.

    Annual General Meeting Compliance

    Separately, the Company confirms that it has successfully concluded its Annual General Meeting of Shareholders (“AGM”), which was held at 9:00am Eastern Time, on June 30, 2025. The convening of this AGM satisfies the requirement under Nasdaq Listing Rule 5620(a) to hold an annual meeting of shareholders within the required timeframe. It is, however, also noted that the Company has announced earlier this year that it will rely on Cayman Islands home country exemption with regards to AGM requirements in the future.

    The Company will continue to monitor its ongoing compliance with all applicable Nasdaq listing standards and will provide further updates as appropriate.

    About SIMPPLE LTD.

    Headquartered in Singapore, SIMPPLE LTD. is an advanced technology solution provider in the emerging PropTech space, focused on helping facilities owners and managers manage facilities autonomously. Founded in 2016, the Company has a strong foothold in the Singapore facilities management market, serving over 60 clients in both the public and private sectors and extending out of Singapore into Australia and the Middle East. The Company has developed its proprietary SIMPPLE Ecosystem, to create an automated workforce management tool for building maintenance, surveillance and cleaning comprised of a mix of software and hardware solutions such as robotics (both cleaning and security) and Internet-of-Things (“IoT”) devices. 

    For more information on SIMPPLE, please visit: https://www.simpple.ai

    Safe Harbor Statement

    This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

    Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

    The MIL Network

  • MIL-OSI USA: Sen. Budd Votes for the One Big Beautiful Bill Act ToDeliver Historic Tax Cuts for North Carolina Families

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)
    Washington, D.C. — U.S. Senator Ted Budd (R-N.C.) released the following statement after voting in support of President Trump’s One Big Beautiful Bill Act, historic legislation that lowers taxes for families, makes America safer and more secure, and unleashes economic growth for the future:
    “I voted in favor of the One Big Beautiful Bill Act because the people of North Carolina deserve more of their hard-earned wages, a more secure border, a reinvigorated military, responsible spending reforms for government programs, and a thriving economy. My colleagues and I fought successfully to protect North Carolina’s tobacco growers to help them stay competitive with China. I am also grateful that this bill included my PELL Act, which will help Americans earn in-demand credentials for rewarding careers. I hope my colleagues in the House quickly get this bill on President Trump’s desk because Americans cannot afford the largest tax increase in our nation’s history,” said Sen. Budd. 
    Here’s How the One Big Beautiful Bill Act Directly Benefits North Carolina:
    Provides Unprecedented Tax Relief for Families
    This legislation helps Americans keep more money in their pockets by extending key provisions of President Trump’s 2017 Tax Cuts and Jobs Act. Preventing the largest tax increase in American history will save the average North Carolinian $2,474 in 2026.
    Working families will receive significant savings with the increase and permanence of the child tax credit, expanded tax credits for paid leave, enhanced 529 savings accounts, and additional childcare access.
    This legislation lowers taxes for seniors relying on Social Security.
    Gives Workers the Tools They Need to Advance Their Careers
    Sen. Budd fought to have his PELL Act included in this legislation, a provision that expands Pell Grant eligibility for high-quality, short-term workforce programs. This would benefit individuals seeking to advance their careers without long-term debt while also providing American businesses with a broader, better-prepared talent pool ready to meet the demands of a rapidly evolving economy.
    Protects North Carolina Agriculture
    Sen. Budd successfully defended tobacco’s eligibility to receive the “duty drawback,” allowing tobacco manufacturers to receive reimbursement for the tariffs they pay on materials used to produce tobacco products that they ship to international markets. This will protect North Carolina growers and prevent the tobacco market from being flooded with cheaper, lower-quality products from China and Brazil.
    This legislation provides serious tax relief for North Carolina farmers by raising the death tax exemption, ensuring family farms can be passed down to future generations, rather than being broken up and sold.
    Unlocks Economic Growth & American Manufacturing
    This legislation will create a renaissance in American manufacturing by delivering full expensing for companies that build new factories and invest in equipment and machinery. This will help create new, good-paying jobs.
    By enhancing the small business deduction and making it permanent, small businesses will be able to hire more workers.
    Increasing deductions for small businesses’ equipment and property will quickly help businesses grow.
    Reduces Government Spending to Preserve & Protect Government Programs
    This legislation contains the first structural reforms to address waste, fraud, and abuse in key government programs like SNAP and Medicaid in over three decades. Slowing the rate of exponential cost increases will result in significant deficit savings and will preserve and protect these programs for future generations.
    Invests in America’s National Defense
    Sen. Budd helped secure funding to boost manufacturing capacity for the next generation of the F-15, the F-15EX, which will sustain the training mission at Seymour Johnson far into the future. 
    This legislation also includes significant funding to enhance America’s air superiority by preventing the retirement of the F-15E aircraft flying out of Seymour Johnson Air Force Base. 
    America’s troops deserve a pay raise. This legislation increases pay and allowances while making improvements to housing, healthcare, childcare, and education.
    This legislation makes generational investments in our military readiness that will protect the American homeland and deter our adversaries by boosting America’s missile defense by building the “Golden Dome.”
    Sen. Budd worked to secure investments to improve housing at Fort Bragg and Seymour Johnson and funds for restoration and modernization at Camp Lejeune.
    This legislation creates new production lines to scale innovative, cost-effective munitions, so we are no longer shooting $4M missiles at $50,000 drones.
    This legislation makes the largest ever investment in the Coast Guard’s history, which will purchase more than 40 new helicopters and six new C-130J aircraft, which will be serviced at the Aviation Technical Training Center in Elizabeth City. The legislation also funds 17 new icebreakers to protect American interests and 21 new cutters to combat drug runners and human traffickers.
    Keeps America’s Border Secure
    While President Trump’s policies have resulted in a dramatic drop-off of illegal immigration, this legislation also boosts America’s border security by surging funding for 3,000 new Border Patrol agents and 10,000 new ICE agents. The One Big Beautiful Bill also increases funding to finish President Trump’s border wall.
    Ushers in Next-Generation Technologies
    This legislation includes funding for the transformational air traffic control modernization project underway at the FAA. This will quickly update aging and failing technologies to keep Americans safe in the sky.
    This legislation makes a historic amount of spectrum available for commercial use, which will create new jobs and unleash the next generation of wireless technology. This will ensure America remains the premier destination for innovation and help unleash a new area of advanced manufacturing. This will also make the internet faster & more dependable across the country through commercial success stories like 5G, 6G, wi-fi, and private networks using CBRS.

    MIL OSI USA News

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

    Source: US State of North Dakota

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    The FBI Atlanta Field Office is investigating the case.

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

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

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

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

    ***

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

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

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

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

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

    MIL OSI USA News

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

    Source: US State of North Dakota

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

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

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

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

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

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

    The FBI and HHS-OIG investigated the case.

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

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

    MIL OSI USA News

  • MIL-OSI USA: Smuggling Leader and Top Coordinator Will Spend Remainder of Their Lives in Prison Following Their Sentencing on Third Anniversary of Deadly Tractor-Trailer Smuggling Conspiracy

    Source: US State of California

    Two convicted human smugglers were sentenced in a federal court in San Antonio today for their prominent roles in the 2022 mass casualty human smuggling conspiracy that resulted in the deaths of 47 adults and six children.

    U.S. District Judge Orlando Garcia for the Western District of Texas sentenced Orduna-Torres to life in prison and a $250,000 fine, and Gonzales-Ortega to 83 years in prison and a $250,000 fine. Both defendants were found guilty by a federal jury in March for three counts related to the transportation of aliens within the United States resulting in death, causing serious bodily injury, and placing lives in jeopardy. Following the jury’s verdict at the trial, Judge Garcia set the sentencing date, noting that it would be three years to the day from when the 53 migrants perished as a result of the defendants’ smuggling scheme.

    “These criminals will spend the rest of their lives in prison because of their cruel choice to profit off of human suffering,” said Attorney General Pamela Bondi. “Today’s sentences are a powerful message to human smugglers everywhere: we will not rest until you are behind bars.”

    “Three years to the day after these two smugglers and their co-conspirators left dozens of men, women, and children locked in a sweltering tractor-trailer to die in the Texas summer heat, they learned that they will spend the rest of their lives locked away in a federal prison,” said U.S. Attorney Justin R. Simmons for the Western District of Texas. “We recognize the justice handed down by Judge Garcia and thank our law enforcement partners for their great work that led to today’s outcome. At the same time, we reinforce the message that these criminal organizations will not place the lives of the desperate and vulnerable above their own financial enrichment. My office remains focused on prosecuting smugglers and their networks, and ultimately eradicating transnational criminal organizations.”

    “Today’s sentences are the result of a far-reaching investigation and a tireless commitment by HSI and our law enforcement partners to dismantle the deadliest human smuggling operation in U.S. history,” said Special Agent in Charge Craig Larrabee for U.S. Immigration and Customs Enforcement (ICE) Homeland Security Investigations (HSI) San Antonio. “This case serves as a stark reminder: human smuggling is not a service — it is a deadly criminal enterprise. HSI will pursue smugglers relentlessly, wherever they operate. No one, who participates in the smuggling of human beings, will escape the reach of justice.”

    According to court documents and evidence presented at trial, Felipe Orduna-Torres, also known as Cholo, Chuequito/Chuekito, and Negro, 30, was a leader and organizer, and Armando Gonzales-Ortega, also known as El Don and Don Gon, 55, was a coordinator in the human smuggling organization (HSO) which illegally brought adults and children from Guatemala, Honduras, and Mexico into the United States between December 2021 and June 2022.

    Court documents and evidence presented at the trial revealed that Orduna-Torres and Gonzales-Ortega worked in concert to transport and facilitate the transportation of the migrants, sharing routes, guides, stash houses, trucks, trailers, and transporters in order to consolidate costs, minimize risks, and maximize profit. The HSO maintained a variety of tractors and trailers for their smuggling operations, some of which were stored at a private parking lot in San Antonio.

    In the days leading up to June 27, 2022, Orduna-Torres and others exchanged the names of illegal aliens who would be smuggled in an upcoming tractor-trailer load. Gonzales-Ortega traveled to Laredo to meet the tractor-trailer, where at least 64 undocumented individuals, including eight children and one pregnant woman, were loaded for smuggling.

    Some of the defendants, including Orduna-Torres, were aware that the trailer’s reefer unit was malfunctioning and was not blowing any cool air to the migrants inside. When members of the organization met the tractor-trailer at the end of its approximately three-hour journey to San Antonio, they opened the doors to find 48 of the migrants were either already dead or had died on site, including the pregnant woman. Sixteen of the undocumented individuals were transported to hospitals — five of whom died.

    In addition to their sentences described above, the court also ordered Orduna-Torres to pay a $96,000 money judgment and ordered the forfeiture of the following assets: one 2008 Volvo semi-tractor; one 1995 Phoenix trailer; one 2015 Cadillac Escalade; one 2017 Ford F-350 Super Duty Truck; and $59,445.50.

    Five other defendants in this case have pleaded guilty for their involvement in the smuggling event. Riley Covarrubias-Ponce, also known as Rrili and Rilay, 32, is scheduled to be sentenced Nov. 6; Luis Alberto Rivera-Leal, 39, is scheduled to be sentenced on Nov. 13; Christian Martinez, 31, is scheduled to be sentenced on Nov. 20; and Homero Zamorano Jr., 48, is scheduled to be sentenced Dec. 4. Juan Francisco D’Luna Bilbao, 51, is indicted separately and is also scheduled to be sentenced Dec. 4.

    In a related case, Rigoberto Ramon Miranda-Orozco, 48, allegedly worked with the HSO to smuggle aliens into the United States on the same fatal journey orchestrated by Orduna-Torres and his co-conspirators. He made his initial appearance in San Antonio on March 17, seven months after he was arrested in Guatemala, and is currently scheduled for a jury trial Sept. 29.

    HSI investigated the case with the assistance of the FBI and the Bureau of Alcohol, Tobacco, Firearms and Explosives, and has received tremendous support from Customs and Border Protection; Border Patrol; ICE’s Enforcement and Removal Operations; the San Antonio Police Department; the Bexar County Sheriff’s Office; the San Antonio Fire Department; the Marshall Police Department; and the Palestine Police Department.

    Assistant U.S. Attorneys Eric Fuchs, Sarah Spears and Ray Gattinella for the Western District of Texas are prosecuting the case.

    These convictions are the result of the coordinated efforts of Joint Task Force Alpha (JTFA). JTFA, a partnership with the Department of Homeland Security (DHS), has been elevated and expanded by the Attorney General with a mandate to target cartels and other transnational criminal organizations to eliminate human smuggling and trafficking networks operating in Mexico, Guatemala, El Salvador, Honduras, Panama, and Colombia that impact public safety and the security of our borders. JTFA currently comprises detailees from U.S. Attorneys’ Offices along the southwest border. Dedicated support is provided by numerous components of the Justice Department’s Criminal Division, led by the Human Rights and Special Prosecutions Section and supported by the Money Laundering and Asset Recovery Section; Office of Enforcement Operations; and the Office of International Affairs, among others. JTFA also relies on substantial law enforcement investment from DHS, FBI, the Drug Enforcement Administration (DEA), and other partners. To date, JTFA’s work has resulted in more than 385 domestic and international arrests of leaders, organizers, and significant facilitators of alien smuggling; more than 345 U.S. convictions; more than 300 significant jail sentences imposed; and forfeitures of substantial assets.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations, and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhoods (PSN).

    MIL OSI USA News

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

    Source: US State of California

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

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

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

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

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

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

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

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

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

    Transnational Criminal Organizations

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

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

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

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

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

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

    Fraudulent Wound Care

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

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

    Prescription Opioid Trafficking

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

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

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

    Telemedicine and Genetic Testing Fraud

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

    Other Health Care Fraud Schemes

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

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

    Breaking Down Silos in the Fight Against Health Care Fraud

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

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

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

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

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

    •  Graphics and Resources

    •  Case Descriptions

    •  Court Documents

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

    MIL OSI USA News

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

    Source: United States Attorneys General

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

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

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

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

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

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

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

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

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

    Transnational Criminal Organizations

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

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

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

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

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

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

    Fraudulent Wound Care

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

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

    Prescription Opioid Trafficking

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

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

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

    Telemedicine and Genetic Testing Fraud

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

    Other Health Care Fraud Schemes

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

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

    Breaking Down Silos in the Fight Against Health Care Fraud

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

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

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

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

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

    •  Graphics and Resources

    •  Case Descriptions

    •  Court Documents

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

    MIL Security OSI

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

    Source: United States Attorneys General

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

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

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

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

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

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

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

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

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

    Transnational Criminal Organizations

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

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

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

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

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

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

    Fraudulent Wound Care

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

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

    Prescription Opioid Trafficking

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

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

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

    Telemedicine and Genetic Testing Fraud

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

    Other Health Care Fraud Schemes

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

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

    Breaking Down Silos in the Fight Against Health Care Fraud

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

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

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

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

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

    •  Graphics and Resources

    •  Case Descriptions

    •  Court Documents

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

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