NewzIntel.com

Category: Finance

  • MIL-OSI Security: Bonita Man Pleads Guilty in $5.8 Million Medicare Fraud Scheme

    Source: US FBI

    SAN DIEGO – Jacobo Melcer, a Bonita resident and businessowner, pleaded guilty in federal court today, admitting that he conspired with others to defraud Medicare of millions of dollars and to pay unlawful kickbacks for patient referrals.

    According to his plea agreement, Melcer submitted more than $5.88 million in false and fraudulent claims to Medicare through his ownership and operation of two durable medical equipment (DME) companies, which sold orthotics – including back, wrist, and knee braces – to Medicare beneficiaries.

    Melcer admitted that in operating the DME companies, he paid unlawful kickback payments to multiple companies for the referral of Medicare beneficiaries and prescriptions for DME, knowing that the prescriptions were signed by physicians who had no legitimate doctor-patient relationship with the beneficiary and had not conducted a legitimate medical evaluation of the beneficiary.

    In total, Melcer admitted that he paid more than $227,000 in kickbacks, and fraudulently billed Medicare $5,885,382 and was paid $3,479,303. As part of his guilty plea, Melcer agreed to forfeit and pay restitution in the amount of $3,479,303. 

    Melcer further admitted that he created and sold two DME companies to a co-conspirator for the sole purpose of putting the ownership under a nominee owner to conceal the true ownership from Medicare due to Medicare suspending the co-conspirator as a Medicare provider and the co-conspirator’s inability to continue to submit claims to Medicare.

    Melcer’s sentencing is scheduled for October 10, 2025. The case is being prosecuted by Assistant U.S. Attorney Blanca Quintero of the Southern District of California.

    DEFENDANT                                                Case Number 25cr2568-DMS                                 

    Jacobo Melcer                                                 Age: 85                                   Bonita, CA

    SUMMARY OF CHARGES

    Conspiracy to Commit Health Care Fraud and Pay Illegal Remunerations – Title 18, U.S.C., Section 371

    Maximum penalty: Five years in prison and $500,000 fine

    INVESTIGATING AGENCIES

    Federal Bureau of Investigation

    U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG)

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

    MIL Security OSI –

  • MIL-OSI Security: Denver Man Charged with 27 Counts in Connection with CARES Act Fraud

    Source: US FBI

    DENVER – An indictment was unsealed on Wednesday in Denver charging Steve Randall Howe with twenty counts of bank fraud and seven counts of money laundering in connection with a scheme to defraud the United States Small Business Administration (SBA).

    According to the indictment, between April 2020 and January 2022, Howe obtained more than $1.2 million in Paycheck Protection Program (PPP) loans on behalf of six businesses he owned.  To obtain the loans, Howe submitted false information and fabricated documents to lenders to make it appear that those companies were eligible for PPP loans when they were not.  Howe then used the loan money for ineligible expenses, like purchases of residential properties, retail purchases, travel expenses, and transfers of money to China.  The indictment alleges that Howe then applied for, and received, forgiveness on each loan, never making a single payment on them.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020 and was designed to provide emergency financial assistance to Americans dealing with the economic impact of the COVID-19 pandemic.  The CARES Act created the PPP, a program administered by the SBA that provided loans to small businesses to retain workers, maintain payroll, and pay for certain other expenses consistent with PPP rules.  Small businesses could subsequently request forgiveness of the loan after certifying the loan was used to pay for eligible costs.    

    The defendant made his initial appearance on July 2, 2025, in Denver in front of United States Magistrate Judge N. Reid Neureiter.

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

    This case is being investigated by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation.  The case is being prosecuted by Assistant United States Attorneys Taylor Glogiewicz and Craig Fansler.

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

    Case Number:                    25-cr-00197-NYW             

    MIL Security OSI –

  • MIL-OSI Security: Denver Man Charged with 27 Counts in Connection with CARES Act Fraud

    Source: US FBI

    DENVER – An indictment was unsealed on Wednesday in Denver charging Steve Randall Howe with twenty counts of bank fraud and seven counts of money laundering in connection with a scheme to defraud the United States Small Business Administration (SBA).

    According to the indictment, between April 2020 and January 2022, Howe obtained more than $1.2 million in Paycheck Protection Program (PPP) loans on behalf of six businesses he owned.  To obtain the loans, Howe submitted false information and fabricated documents to lenders to make it appear that those companies were eligible for PPP loans when they were not.  Howe then used the loan money for ineligible expenses, like purchases of residential properties, retail purchases, travel expenses, and transfers of money to China.  The indictment alleges that Howe then applied for, and received, forgiveness on each loan, never making a single payment on them.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020 and was designed to provide emergency financial assistance to Americans dealing with the economic impact of the COVID-19 pandemic.  The CARES Act created the PPP, a program administered by the SBA that provided loans to small businesses to retain workers, maintain payroll, and pay for certain other expenses consistent with PPP rules.  Small businesses could subsequently request forgiveness of the loan after certifying the loan was used to pay for eligible costs.    

    The defendant made his initial appearance on July 2, 2025, in Denver in front of United States Magistrate Judge N. Reid Neureiter.

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

    This case is being investigated by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation.  The case is being prosecuted by Assistant United States Attorneys Taylor Glogiewicz and Craig Fansler.

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

    Case Number:                    25-cr-00197-NYW             

    MIL Security OSI –

  • MIL-OSI USA: $19M Thruway Infrastructure Project Completed

    Source: US State of New York

    overnor Kathy Hochul today announced the completion of a $19 million infrastructure improvement project on the Thruway (I-90) in Albany and Schenectady Counties. The project included full and partial depth repairs on approximately 40 lane miles located just east of exit 25 (Schenectady – I-890 – NY Routes 7 & 146) and east of exit 26 (Schenectady – Scotia – I-890 – NY Routes 5 & 5S). Approximately 40,000 motorists use this section of I-90 in both directions every day. The project began in 2024 and was completed on time and on budget.

    “New York State is making critical investments in our infrastructure, modernizing our transportation systems and improving connectivity across the state,” Governor Hochul said. “The enhancements included in this project will help provide a smoother ride for motorists and allow them to get to their destinations more efficiently.”

    New York State Thruway Authority Executive Director Frank G. Hoare said, “The Thruway Authority is reinvesting toll revenue back into the system with these infrastructure projects, enhancing the safety and reliability of the Thruway. Projects like this are important examples of putting toll dollars to work to improve the dependability of the Thruway system and to continue to make the Thruway one of the safest superhighways in the nation.”

    The project included full and partial depth pavement repairs between milepost 153.78 and milepost 161.3 using asphalt, as well as shoulder reconstruction. The existing asphalt overlay on the pavement of I-90 under the exit 25 overpass was also removed and replaced with a thinner overlay, which provides additional vertical clearance below the interchange bridge. Mill and inlay was also performed between milepost 153.78 and milepost 161.3, including the exit 25A on and off ramps and shoulders. Additional work included U-Turn upgrades at mileposts 154.3, 158.0, and 159.78, replacement of the bridge joints at the exit 25A bridge over I-90, and safety improvements such as installing new guiderail, new reflective line striping and upgrades to drainage and culverts.

    Callanan Industries, Inc. of Albany, NY was the project contractor.

    State Senator Jeremy Cooney said, “The completion of the Capital Region Thruway Project is a major achievement for our state. This vital upgrade represents a meaningful investment in safer, more efficient travel for the millions who rely on this route each year. I’m proud to have supported this initiative, addressing our infrastructure needs and advancing a more connected New York.”

    Chair of the Assembly Transportation Committee Assemblyman William Magnarelli said, “Investing in critical infrastructure projects enhances the safety and reliability of the Thruway system and helps encourage statewide commerce and travel.”

    For up-to-date travel information, motorists are encouraged to download the mobile app  which is available to download for free on iPhone and Android devices. The app provides motorists direct access to real-time traffic and navigation assistance while on the go. Travelers can also visit the Thruway Authority’s interactive Traveler Map  which features live traffic cameras. Motorists can also sign up for TRANSalert  e-mails, which provide the latest traffic conditions along the Thruway.

    About the Thruway Authority
    The Governor Thomas E. Dewey Thruway, built in the early 1950s, is one of the oldest components of the National Interstate Highway System and one of the longest toll roads in the nation. The maintenance and operation of the Thruway system is funded primarily by tolls. The Thruway Authority does not receive any dedicated federal, state or local tax dollars and is paid for by those who drive the Thruway, including one-third of drivers from out of state.

    In 2024, the Thruway Authority processed more than 400 million toll transactions and motorists drove 8.2 billion miles on the Thruway. The Authority’s 2025-2029 Capital Plan invests $2.7 billion into infrastructure and equipment, an increased commitment of $742 million or 38 percent since the approval of a multi-year toll adjustment plan in 2023. The increased investment will lead to work on approximately 61 percent of the Thruway’s more than 2,800 pavement lane miles as well as the replacement or rehabilitation of 20 percent of the Thruway’s 819 bridges.

    The Thruway is one of the safest roadways in the country with a fatality rate far below the nationwide index, and toll rates are among the lowest in the country compared to similar toll roads. The Thruway’s base passenger vehicle toll rate is less than $0.05 per mile, compared to the Ohio Turnpike ($0.06 per mile), the New Jersey Turnpike (up to $0.39 per mile) and the Pennsylvania Turnpike ($0.16 per mile).

    The lives of Thruway Authority employees, roadway workers and emergency personnel depend on all of those who travel the highway. Motorists should stay alert and pay attention while driving, slow down in work zones and move over when they see a vehicle on the side of the road. The state’s Move Over Law, which was expanded in March 2024, requires drivers to slow down and move over for all vehicles stopped along the roadway. Safety is a shared responsibility.

    For more information, follow the Thruway on Facebook, X and Instagram, or visit the Thruway website.

    MIL OSI USA News –

  • MIL-OSI USA: $19M Thruway Infrastructure Project Completed

    Source: US State of New York

    overnor Kathy Hochul today announced the completion of a $19 million infrastructure improvement project on the Thruway (I-90) in Albany and Schenectady Counties. The project included full and partial depth repairs on approximately 40 lane miles located just east of exit 25 (Schenectady – I-890 – NY Routes 7 & 146) and east of exit 26 (Schenectady – Scotia – I-890 – NY Routes 5 & 5S). Approximately 40,000 motorists use this section of I-90 in both directions every day. The project began in 2024 and was completed on time and on budget.

    “New York State is making critical investments in our infrastructure, modernizing our transportation systems and improving connectivity across the state,” Governor Hochul said. “The enhancements included in this project will help provide a smoother ride for motorists and allow them to get to their destinations more efficiently.”

    New York State Thruway Authority Executive Director Frank G. Hoare said, “The Thruway Authority is reinvesting toll revenue back into the system with these infrastructure projects, enhancing the safety and reliability of the Thruway. Projects like this are important examples of putting toll dollars to work to improve the dependability of the Thruway system and to continue to make the Thruway one of the safest superhighways in the nation.”

    The project included full and partial depth pavement repairs between milepost 153.78 and milepost 161.3 using asphalt, as well as shoulder reconstruction. The existing asphalt overlay on the pavement of I-90 under the exit 25 overpass was also removed and replaced with a thinner overlay, which provides additional vertical clearance below the interchange bridge. Mill and inlay was also performed between milepost 153.78 and milepost 161.3, including the exit 25A on and off ramps and shoulders. Additional work included U-Turn upgrades at mileposts 154.3, 158.0, and 159.78, replacement of the bridge joints at the exit 25A bridge over I-90, and safety improvements such as installing new guiderail, new reflective line striping and upgrades to drainage and culverts.

    Callanan Industries, Inc. of Albany, NY was the project contractor.

    State Senator Jeremy Cooney said, “The completion of the Capital Region Thruway Project is a major achievement for our state. This vital upgrade represents a meaningful investment in safer, more efficient travel for the millions who rely on this route each year. I’m proud to have supported this initiative, addressing our infrastructure needs and advancing a more connected New York.”

    Chair of the Assembly Transportation Committee Assemblyman William Magnarelli said, “Investing in critical infrastructure projects enhances the safety and reliability of the Thruway system and helps encourage statewide commerce and travel.”

    For up-to-date travel information, motorists are encouraged to download the mobile app  which is available to download for free on iPhone and Android devices. The app provides motorists direct access to real-time traffic and navigation assistance while on the go. Travelers can also visit the Thruway Authority’s interactive Traveler Map  which features live traffic cameras. Motorists can also sign up for TRANSalert  e-mails, which provide the latest traffic conditions along the Thruway.

    About the Thruway Authority
    The Governor Thomas E. Dewey Thruway, built in the early 1950s, is one of the oldest components of the National Interstate Highway System and one of the longest toll roads in the nation. The maintenance and operation of the Thruway system is funded primarily by tolls. The Thruway Authority does not receive any dedicated federal, state or local tax dollars and is paid for by those who drive the Thruway, including one-third of drivers from out of state.

    In 2024, the Thruway Authority processed more than 400 million toll transactions and motorists drove 8.2 billion miles on the Thruway. The Authority’s 2025-2029 Capital Plan invests $2.7 billion into infrastructure and equipment, an increased commitment of $742 million or 38 percent since the approval of a multi-year toll adjustment plan in 2023. The increased investment will lead to work on approximately 61 percent of the Thruway’s more than 2,800 pavement lane miles as well as the replacement or rehabilitation of 20 percent of the Thruway’s 819 bridges.

    The Thruway is one of the safest roadways in the country with a fatality rate far below the nationwide index, and toll rates are among the lowest in the country compared to similar toll roads. The Thruway’s base passenger vehicle toll rate is less than $0.05 per mile, compared to the Ohio Turnpike ($0.06 per mile), the New Jersey Turnpike (up to $0.39 per mile) and the Pennsylvania Turnpike ($0.16 per mile).

    The lives of Thruway Authority employees, roadway workers and emergency personnel depend on all of those who travel the highway. Motorists should stay alert and pay attention while driving, slow down in work zones and move over when they see a vehicle on the side of the road. The state’s Move Over Law, which was expanded in March 2024, requires drivers to slow down and move over for all vehicles stopped along the roadway. Safety is a shared responsibility.

    For more information, follow the Thruway on Facebook, X and Instagram, or visit the Thruway website.

    MIL OSI USA News –

  • MIL-OSI Security: District of Arizona Charges 114 Individuals for Immigration-Related Criminal Conduct This Week

    Source: US FBI

    PHOENIX, Ariz. – During the week of enforcement operations from June 28, 2025, through July 4, 2025, the U.S. Attorney’s Office for the District of Arizona brought immigration-related criminal charges against 114 individuals. Specifically, the United States filed 60 cases in which aliens illegally re-entered the United States, and the United States also charged 45 aliens for illegally entering the United States. In its ongoing effort to deter unlawful immigration, the United States filed 7 cases against 8 individuals responsible for smuggling illegal aliens into and within the District of Arizona. Protecting law enforcement officers is a key part of border vigilance, and federal prosecutors also charged one individual for assaulting a Customs and Border Protection Officer.

    These cases were referred or supported by federal law enforcement partners, including Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), ICE Homeland Security Investigations (HSI), U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

    Recent matters of interest include:

    United States v. Marselino Garcia-Gonzalez:  On June 27, 2025, Border Patrol Agents attempted to conduct a stop on Marselino Garcia-Gonzalez while he was driving a vehicle on Arizona Highway 93. Garcia-Gonzalez failed to yield, attempting to flee law enforcement by driving over 106 miles per hour. He eventually slammed on the brakes and stopped in the median of the highway. Three subjects, including Garcia-Gonzalez, then exited the vehicle and ran across the northbound lanes of Highway 93. All three subjects were ultimately apprehended. The two passengers were citizens of Mexico, illegally present in the United States. One of the passengers was an unaccompanied 14-year-old male. Garcia-Gonzalez was charged by criminal complaint with Transportation of an Illegal Alien. [Case Number: 25-MJ-01710]

    United States v. Victor Adolfo Zepeda-Arreola:  On July 1, 2025, Victor Adolfo Zepeda-Arreola, was charged by criminal complaint with Re-entry of a Removed Alien. Zepeda-Arreola had been previously removed from the United States in 2023 after being convicted of Attempted Burglary in the Third Degree for Purposes of Sexual Gratification, a felony, in the Superior Court of Arizona, Pima County. [Case Number: 25-MJ-06270]

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

    These cases are 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 (TCOs), 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 Neighborhood (PSN).

    RELEASE NUMBER:    2025-111_July 4 Immigration Enforcement

    # # #

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

    MIL Security OSI –

  • MIL-OSI Security: District of Arizona Charges 114 Individuals for Immigration-Related Criminal Conduct This Week

    Source: US FBI

    PHOENIX, Ariz. – During the week of enforcement operations from June 28, 2025, through July 4, 2025, the U.S. Attorney’s Office for the District of Arizona brought immigration-related criminal charges against 114 individuals. Specifically, the United States filed 60 cases in which aliens illegally re-entered the United States, and the United States also charged 45 aliens for illegally entering the United States. In its ongoing effort to deter unlawful immigration, the United States filed 7 cases against 8 individuals responsible for smuggling illegal aliens into and within the District of Arizona. Protecting law enforcement officers is a key part of border vigilance, and federal prosecutors also charged one individual for assaulting a Customs and Border Protection Officer.

    These cases were referred or supported by federal law enforcement partners, including Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), ICE Homeland Security Investigations (HSI), U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

    Recent matters of interest include:

    United States v. Marselino Garcia-Gonzalez:  On June 27, 2025, Border Patrol Agents attempted to conduct a stop on Marselino Garcia-Gonzalez while he was driving a vehicle on Arizona Highway 93. Garcia-Gonzalez failed to yield, attempting to flee law enforcement by driving over 106 miles per hour. He eventually slammed on the brakes and stopped in the median of the highway. Three subjects, including Garcia-Gonzalez, then exited the vehicle and ran across the northbound lanes of Highway 93. All three subjects were ultimately apprehended. The two passengers were citizens of Mexico, illegally present in the United States. One of the passengers was an unaccompanied 14-year-old male. Garcia-Gonzalez was charged by criminal complaint with Transportation of an Illegal Alien. [Case Number: 25-MJ-01710]

    United States v. Victor Adolfo Zepeda-Arreola:  On July 1, 2025, Victor Adolfo Zepeda-Arreola, was charged by criminal complaint with Re-entry of a Removed Alien. Zepeda-Arreola had been previously removed from the United States in 2023 after being convicted of Attempted Burglary in the Third Degree for Purposes of Sexual Gratification, a felony, in the Superior Court of Arizona, Pima County. [Case Number: 25-MJ-06270]

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

    These cases are 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 (TCOs), 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 Neighborhood (PSN).

    RELEASE NUMBER:    2025-111_July 4 Immigration Enforcement

    # # #

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

    MIL Security OSI –

  • MIL-OSI Security: Stockton Man Sentenced to 20 Years in Prison for Nationwide Sexual Exploitation of Minors Using Social Media

    Source: US FBI

    Elmer Yusay Ngo, 29, of Stockton, was sentenced today by U.S. District Judge Kimberly J. Mueller to 20 years in prison, to be followed by 50 years of supervised release for child exploitation, Acting U.S. Attorney Michele Beckwith announced.

    According to court records, Ngo utilized social media to sexually exploit female minors nationwide. This sexual exploitation included attempting to coerce, entice, and persuade the minors to produce child pornography of themselves at Ngo’s direction. Ngo persistently sought out minor females and engaged in similar patterns of behavior, which included befriending the minor on social media, obtaining at least one nude or partially nude image of the minor, using that image as leverage to demand the minors engage in video calls while nude, and ordering the minors to perform various sexual acts on themselves while on video. Ngo would keep his end of the video call blacked out so that the minors could not see his face.

    This case was the product of an investigation by the Federal Bureau of Investigation and the Internet Against Crimes Against Children Task Force, with assistance from state and local police departments nationwide. Assistant U.S. Attorney Kristin F. Scott prosecuted the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute those who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc. Click on the “resources” tab for information about Internet safety education.

    MIL Security OSI –

  • MIL-OSI Security: Stockton Man Sentenced to 20 Years in Prison for Nationwide Sexual Exploitation of Minors Using Social Media

    Source: US FBI

    Elmer Yusay Ngo, 29, of Stockton, was sentenced today by U.S. District Judge Kimberly J. Mueller to 20 years in prison, to be followed by 50 years of supervised release for child exploitation, Acting U.S. Attorney Michele Beckwith announced.

    According to court records, Ngo utilized social media to sexually exploit female minors nationwide. This sexual exploitation included attempting to coerce, entice, and persuade the minors to produce child pornography of themselves at Ngo’s direction. Ngo persistently sought out minor females and engaged in similar patterns of behavior, which included befriending the minor on social media, obtaining at least one nude or partially nude image of the minor, using that image as leverage to demand the minors engage in video calls while nude, and ordering the minors to perform various sexual acts on themselves while on video. Ngo would keep his end of the video call blacked out so that the minors could not see his face.

    This case was the product of an investigation by the Federal Bureau of Investigation and the Internet Against Crimes Against Children Task Force, with assistance from state and local police departments nationwide. Assistant U.S. Attorney Kristin F. Scott prosecuted the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute those who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc. Click on the “resources” tab for information about Internet safety education.

    MIL Security OSI –

  • MIL-OSI Security: St. Petersburg Man Sentenced to More Than Four Years in Federal Prison for Committing $1.2 Million Fraud Scheme While in Florida State Prison

    Source: US FBI

    Tampa, Florida – U.S. District Judge Steven D. Merryday has sentenced Jared Borgesto Murray (41, St. Petersburg) to four years and nine months in federal prison for conspiracy to commit mail fraud and wire fraud. Murray pleaded guilty on March 24, 2025.

    According to court documents,between January 2019 and September 2020, Murray­ orchestrated a $1.2 million fraud conspiracy while he was incarcerated in a Florida state prison for a Pinellas County robbery conviction. From the state prison, Murray organized and directed the fraud conspiracy targeting a nationwide merchant. Murray used dozens of customers’ store accounts at the merchant to fraudulently purchase products. Murray and his conspirators sold the products online and retained the fraud proceeds, causing the merchant to lose $1,260,495.89.

    Murray conducted the conspiracy using multiple contraband phones he had smuggled into the prison. Murray identified customers with merchant accounts and then called the merchant locations impersonating the customers to place orders for products using the customers’ open lines of credit.

    Murray and his co-conspirators then advertised the products for sale online at a substantial discount. Murray communicated with potential buyers and sold the products from state prison via phone and email. Murray and the conspirators arranged delivery of the fraudulently purchased products to the purchasers who paid Murray and the conspirators via wire transfers and mailed checks. Murray directed several individuals to pick up fraud proceeds or fraudulently obtained products.

    Murray used some of the fraud proceeds and fraudulently purchased products to build a house in Lake Placid, Florida. The house was forfeited by law enforcement along with $43,550 in fraud proceeds seized from two of Murray’s bank accounts.

    This case was investigated by the Federal Bureau of Investigation and Tampa Police Department. It was prosecuted by Assistant United States Attorneys Jennifer L. Peresie and Suzanne Nebesky.

    MIL Security OSI –

  • MIL-OSI Security: Tampa Man Sentenced to Five Years in Prison for Embezzling More Than $500,000 From St. Petersburg Company

    Source: US FBI

    Tampa, Florida –U.S. District Judge Virginia M. Hernandez Covington has sentenced Zachary Rugen (34, Tampa) to 5 years in federal prison for wire fraud and possessing a firearm as a convicted felon. As part of the sentence, the court also entered an order of forfeiture in the amount of $440,755.18. Rugen pleaded guilty on April 8, 2025.

    According to testimony and court documents, between October 2020 and March 2022, Rugen was employed as the personnel director for a small company in St. Petersburg, Florida. Rugen exploited that role to embezzle at least $503,372.01 from the company. He used his access to the employer’s payment processing system to direct funds intended for vendors and contractors to bank accounts he controlled. Rugen also paid some of his outstanding debts with company funds. To cover the fraud scheme, Rugen electronically submitted falsified and fraudulent payment invoices. Rugen used the ill-gotten funds to live lavishly, including taking expensive vacations and gambling, and for his personal expenses. During the sentencing hearing, the victim-company’s chief operating officer testified that the fraud caused substantial financial hardship from which it will take the company at least five years to recover. As a result of the embezzlement, one of the company’s vendors nearly went out of business.

    During the investigation of Rugen’s embezzlement, law enforcement learned that Rugen was also illegally possessing two firearms. Rugen was prohibited from possessing the firearms due to a prior felony conviction involving impersonating a law enforcement officer. 

    This case was investigated by the Federal Bureau of Investigation and the Tampa Police Department. It was prosecuted by Assistant United States Attorneys Tiffany Fields and Jennifer L. Peresie. 

    MIL Security OSI –

  • MIL-OSI Security: North Carolina Man Sentenced for Making False Statements Under Oath in a Bankruptcy Case

    Source: US FBI

    BLUEFIELD, W.Va. – Travis Lee Harry, 40, of Kernersville, North Carolina, was sentenced today to three years of federal probation, including 90 days on home detention, and fined $4,000 with interest for making false statements under oath in a bankruptcy case.

    According to court documents and statements made in court, Harry had owned and lived in a house in Princeton, West Virginia, which he sold on December 23, 2019. On February 5, 2020, Harry filed for Chapter 7 bankruptcy in United States Bankruptcy Court for the Southern District of West Virginia. On the Statement of Financial Affairs he submitted as part of the bankruptcy filing, and which he signed under penalty of perjury, Harry falsely stated that he and his spouse co-owned the house and sold it together. At a March 6, 2020, meeting of creditors as part of the bankruptcy proceeding, Harry falsely testified under oath that he had co-owned the house with his spouse. Harry admitted as part of his guilty plea that he solely owned the house, and that his spouse was never a co-owner. Harry further admitted that he falsely indicated during the creditors’ meeting that all of the proceeds from selling the house went to pay taxes.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI). The United States Trustee’s Charleston field office, which serves West Virginia, made the criminal referral of this case to the U.S. Attorney’s Office. The United States Trustee Program is a component of the Department of Justice whose mission is to promote the integrity and efficiency of the bankruptcy system for the benefit of all stakeholders — debtors, creditors and the public.

    Senior United States District Judge David A. Faber imposed the sentence. Assistant United States Attorney Jonathan T. Storage prosecuted the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 1:24-cr-143.

    ###

     

    MIL Security OSI –

  • MIL-OSI Security: Fairburn Felon Sentenced to Federal Prison for Stealing Prescription Drugs Worth Nearly $400,000 and Possessing a Firearm

    Source: US FBI

    ATLANTA – Malik Kiell Forte, 29, from Fairburn, Georgia has been sentenced for possessing a firearm after numerous felony convictions and stealing prescription drugs by burglarizing a warehouse and breaking into delivery vehicles parked outside of pharmacies around metro Atlanta. 

    “Criminals who steal prescription medications for profit will be identified, apprehended, and prosecuted,” said U.S. Attorney Theodore S. Hertzberg. “Our office remains committed to protecting vulnerable patients and punishing gun-toting thieves.”

    “Forte’s actions not only harmed the businesses he targeted but impacted the safety and costs for anyone who relies on these medications,” said FBI Atlanta Special Agent in Charge Paul Brown. “The FBI will hold anyone accountable who looks to line their own pockets by harming others.”

    According to U.S. Attorney Hertzberg, the charges, and other information presented in court: Between March 2021 and June 2022, Forte and others stole nine shipments of prescription drugs from delivery vehicles parked in front of various pharmacies. Forte, and a co-conspirator, Jaquay Joseph, also stole prescription shipments from a pharmaceutical distribution center in Stone Mountain, Georgia. The pharmaceutical drugs, which included hydrocodone, oxycodone, and morphine among other drugs, had a value of nearly $400,000. When agents searched Forte’s home, they found some of the stolen pharmaceuticals. Additionally, agents recovered a Glock pistol from Forte’s bedroom. As a multi-convicted felon, Forte was prohibited from possessing that gun. 

    On July 2, 2025, Senior U.S. District Judge Thomas W. Thrash, Jr. sentenced Forte to four years, nine months in prison followed by five years of supervised release. Forte was convicted of conspiracy to commit theft, theft of medical products, theft of interstate shipments, drug trafficking conspiracy, possession with intent to distribute controlled substances, and possession of a firearm by a prohibited person, after he pleaded guilty on February 5, 2025.

    This case was investigated by the Federal Bureau of Investigation.

    Assistant United States Attorney Dash A. Cooper prosecuted the case.

    For further information please contact the U.S. Attorney’s Public Affairs Office at USAGAN.PressEmails@usdoj.gov or (404) 581-6185. The Internet address for the U.S. Attorney’s Office for the Northern District of Georgia is http://www.justice.gov/usao-ndga.

    MIL Security OSI –

  • MIL-OSI Security: Six Defendants Indicted in Federal Investigation Targeting Fentanyl, Heroin, and Cocaine Sales in Chicago

    Source: US FBI

    CHICAGO — A federal investigation into fentanyl, heroin, and cocaine sales in Chicago has resulted in a grand jury returning multiple drug and/or firearm charges against six individuals.

    A superseding indictment returned in U.S. District Court in Chicago accuses the six defendants of conspiring to distribute the drugs in Chicago in 2024.  Two of the defendants are charged with firearm offenses for illegally possessing semiautomatic handguns as previously convicted felons.

    Charged with drug conspiracy are ANDRE DEBRUCE, 40, of Schiller Park, Ill., TERRANCE PATTON, 40, of Chicago, CRAIG CALDWELL, 43, of Chicago, TIMOTHY BELIN, 48, of Chicago, JENNIFER WORD, 39, of Chicago, and DENOMOIUS WELLS, 41, of Chicago.  Patton and Caldwell are the previously convicted felons charged with illegal firearm possession.  Caldwell also faces an additional gun charge for allegedly possessing a firearm in furtherance of drug trafficking.

    The charges against Caldwell carry a maximum sentence of life in federal prison, with a mandatory minimum of five years. Patton and Debruce face maximum sentences of 40 years, with a mandatory minimum of five years.  Belin, Word, and Wells each face up to 20 years, with no mandatory minimum.

    Wells pleaded not guilty to the charges during his arraignment on Tuesday before U.S. Magistrate Judge M. David Weisman.  The five other defendants have also been arraigned and also pleaded not guilty to the charges.

    The superseding indictment was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  Substantial assistance was provided by IRS Criminal Investigation in Chicago, the Chicago Police Department, and the Evanston, Ill. Police Department.  The government is represented by Assistant U.S. Attorneys Hayley Altabef and Adam Rosenbloom.

    The superseding indictment in this case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to protect our communities from the perpetrators of violent crime, among other areas of focus. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    The public is reminded that an indictment contains only charges and is not evidence of guilt. The defendants are presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

    MIL Security OSI –

  • MIL-OSI Security: Princeton Couple Sentenced to Combined 14 Years in Federal Prison for $2 Million Mail Theft Scheme and Firearms Offenses

    Source: US FBI

    EVANSVILLE- Michael Jerome Wright, 45, and Cortney Lashea Young, 36, of Princeton, Indiana, have been sentenced to 12 and 2 years in federal prison, respectively, for their roles in a mail theft scheme.

    Wright pleaded guilty to mail theft, unlawful possession of a mail key, access device fraud, aggravated identity theft, possession of ammunition by a felon, and possession of a machinegun. Young pleaded guilty to mail theft and possession of a firearm by a felon. Both will serve three years of supervised release following their prison sentence.

    According to court documents, in 2023, law enforcement officials began receiving numerous complaints about mail theft and check forgery.

    In March and April of 2024, Evansville Police Department officers surveilled local United States Postal Service (USPS) collection boxes. On six different occasions, investigators saw Wright open collection boxes with an arrow key around 4:30 in the morning, sort through the mail, then drive off with stolen mail. On at least two of those occasions, investigators saw Young behind the wheel of the getaway car.

    The USPS uses a unique type of lock known as an “arrow lock” to secure collection boxes, lockers, and apartment mailbox panels. These locks can only be opened with an arrow key. It is a crime for anyone not authorized by the Postal Service to knowingly have or use arrow keys.

    On April 3, 2023, law enforcement officers stopped the pair just as they drove away from another mail theft. Officers searched the vehicle and uncovered an arrow key and stolen mail on the passenger floorboard.

    Investigators conducted a court-authorized search of Wright and Young’s apartment in Princeton and located hundreds of checks and their corresponding envelopes, many of which had been previously reported as stolen.  The stolen checks had a total face value of $1,857,460.91.

    Investigators also found two handguns under the mattress in Wright and Young’s bedroom. On Wright’s side of the bed was a partially 3D printed, privately made firearm with no serial number. This type of weapon is commonly referred to as a “ghost gun” because it has no records related to its manufacture or sale. Investigators also recovered two, 30-round extended magazines. The ghost gun had a machinegun conversion device, also called a “Glock switch,” installed, allowing it to fire as a fully automatic weapon. Glock switches are themselves considered machine guns under federal law, whether they are installed in a firearm or not. On Young’s side of the bed was a Ruger pistol.

    Wright has sustained multiple felony convictions including murder, dealing in a synthetic drug, operating a vehicle as a habitual traffic violator, and operating a vehicle while intoxicated. Young has sustained a felony conviction for fraud. These prior felony convictions prohibit Wright and Young from ever legally possessing a firearm or ammunition.

    Also in the bedroom of the apartment, law enforcement found two backpacks. In Wright’s backpack, investigators found 30 debit and credit cards bearing the names of other individuals, as well as a piece of notebook paper that had the names, dates of birth, and Social Security numbers for three other individuals written on it.

    “Americans rely on the U.S. Postal Service to securely deliver everything from birthday cards to critical financial documents,” said John E. Childress, Acting U.S. Attorney for the Southern District of Indiana. “This couple exploited that trust through a widespread mail theft and identity fraud scheme that caused two million dollars in losses, while arming themselves with very dangerous illegal weapons. We will continue to work with our law enforcement partners to hold accountable those who target the public and abuse systems we all depend on.”

    “This case highlights the distinguished partnership between the Indianapolis Field Office, the Evansville Police Department, the United States Postal Inspection Service, Bureau of Alcohol, Tobacco, Firearms and Explosives, and the Federal Bureau of Investigation. The United States Secret Service has a duty to safeguard the nation’s financial infrastructure, but we protect far more than just the economic interest of the communities we serve,” said Special Agent in Charge of the Indianapolis Field Office, Ike Barnes. “This case is a prime example of how those who look to victimize our communities will do so in numerous ways. Michael Wright and Cortney Young not only exploited our community of roughly $1.8 million in illicit funds but also brought dangerous weapons into our neighborhoods to carry out their depraved scheme.”   

    “Protecting the U.S. mail and its customers is at the core of our mission as postal inspectors,” said Acting Inspector in Charge Sean McStravick of USPIS – Detroit Division.  “Thanks to incredible collaborative efforts with our law enforcement partners and the U.S. Attorney’s Office, we were able to do just that by putting these individuals behind bars. This sentencing should be considered a warning to anyone else looking to prey on the Postal Service or its customers – we will bring you to justice.”

    The U.S. Secret Service, Bureau of Alcohol, Tobacco, Firearms and Explosives, Federal Bureau of Investigation, U.S. Postal Inspection Service, and Evansville Police Department investigated this case. The sentences were imposed by U.S. District Judge Matthew P. Brookman.  

    Acting U.S. Attorney Childress thanked Assistant U.S. Attorneys Matthew B. Miller and Todd S. Shellenbarger, who prosecuted this case.

     

    ###

    MIL Security OSI –

  • MIL-OSI: Relm Insurance Launches Streamlined Coverage Suite for Fintechs

    Source: GlobeNewswire (MIL-OSI)

    St. George’s, Bermuda, July 08, 2025 (GLOBE NEWSWIRE) — Relm Insurance (‘Relm’), the leading insurer for emerging and innovative industries, today announced the launch of OMEGAFINTECH and NOVAFINTECH, which eliminate coverage gaps within streamlined policies built for today’s financial innovators.

    Modern fintechs face growing risks — from cyberattacks to regulatory scrutiny — yet still rely on fragmented insurance cobbled together from legacy providers. This patchwork approach often leads to costly gaps in coverage and uncertainty at claim time.

    Relm’s new product suite solves this problem by combining critical coverages into a unified structure:

    OMEGAFINTECH

    Built for companies that deliver financial services through technology (e.g. digital banks, crypto exchanges, payment platforms), and includes integrated coverage for:

    • Tech and AI liability
    • Cybersecurity events
    • Financial and professional services (E&O)
    • Regulatory investigations and compulsory limits (e.g. PSD2 compliance in the EU)
    • Financial crime and fraud
    • Management liability
    • 24/7 incident response team access

    NOVAFINTECH

    Tailored for fintech enablers — companies that build, supply, or power financial technologies without offering financial services themselves. It Includes all OMEGAFINTECH protections, minus financial services and management liability, keeping coverage relevant and cost-effective.

    “Many fintechs are scaling fast and taking on complex risk — but traditional insurance hasn’t kept pace,” said Joseph Ziolkowski, CEO and Founder of Relm Insurance. “With OMEGAFINTECH and NOVAFINTECH, we’re helping them close critical gaps and build resilience where it matters most.”

    “Findings from our research and stakeholder engagement suggested there was a clear need for policies that reflect the reality of how modern fintechs operate,” said Claire Davey, Relm’s Head of Product Innovation and Emerging Risk. “OMEGAFINTECH and NOVAFINTECH are the result of that process — cohesive, technically sound coverages that address overlapping exposures in a single structure, helping our clients navigate risk with fewer gaps and greater clarity.”

    For more information, visit: https://relminsurance.com/insurance-products/fintech-insurance-products-omegafintech-and-novafintech/

    Who is OMEGAFINTECH for? Who is NOVAFINTECH for?
    Digital Banking Platforms Digital Payments
    Payment Technology Providers Banking as a Service (BaaS)
    Fraud Prevention and Identity Verification Lending Platforms
    Risk Management, Compliance and RegTech Wealth Tech
    Lending Technology Platforms Personal Finance and Budgeting
    Data Aggregation and Open Banking APIs BNPL (Buy Now, Pay Later)

    About Relm Insurance 

    Relm Insurance Ltd. (Relm) is a Bermuda-domiciled specialty insurance carrier that supports emerging industries driving innovation and next-generation technologies. Launched in 2019, Relm offers a wide range of insurance products to high-growth markets, including digital assets, blockchain, AI, biotech, and the space economy. With a Financial Stability Rating of A (Exceptional) from Demotech, Relm is widely recognised for its industry expertise and solutions-driven approach, making it a trusted risk partner for businesses operating at the frontier of technological innovation. 

    PR Contact

    Reannah Smith

    reannah@lunapr.io

    The MIL Network –

  • MIL-OSI: KingsRock Advisors Announces Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board, a series of new Senior Hires, additional Senior Advisors joining us, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business, across industries, geographies, and capital structures.

    We are pleased to welcome the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann   Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider   New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara   Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker   New York, CEO SICM, former CEO of Deutsche Asset Management
    Bernardo Parnes   Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro   Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh   Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
         

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus   New York, former BNP and Raymond James
    John Doyamis   New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve   Amsterdam, former ING, Citi and MS
    Rony Jawhar   Dubai, former Arqaam and Deutsche Bank
    Bray Kelly   New York, former JBK Capital and UBS
    Joe Lovrics   Madrid, former Societe General, Citi, and BNP
    Bill Miller   New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus   Madrid, former Deutsche Bank
    Laurent Quelin   London, former Chenavari, and CS
    Francois-Louise Ricard   Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios   Madrid, former Santander, S&P and Lehman
    Mike Turnbull   London, former StormHarbour, BAML and MS
    Andrew Whittaker   New York, Lazard, GSAM and Lehman

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI: KingsRock Advisors Announces Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board, a series of new Senior Hires, additional Senior Advisors joining us, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business, across industries, geographies, and capital structures.

    We are pleased to welcome the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann   Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider   New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara   Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker   New York, CEO SICM, former CEO of Deutsche Asset Management
    Bernardo Parnes   Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro   Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh   Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
         

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus   New York, former BNP and Raymond James
    John Doyamis   New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve   Amsterdam, former ING, Citi and MS
    Rony Jawhar   Dubai, former Arqaam and Deutsche Bank
    Bray Kelly   New York, former JBK Capital and UBS
    Joe Lovrics   Madrid, former Societe General, Citi, and BNP
    Bill Miller   New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus   Madrid, former Deutsche Bank
    Laurent Quelin   London, former Chenavari, and CS
    Francois-Louise Ricard   Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios   Madrid, former Santander, S&P and Lehman
    Mike Turnbull   London, former StormHarbour, BAML and MS
    Andrew Whittaker   New York, Lazard, GSAM and Lehman

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI United Kingdom: Cameroon celebrates forest hero and Chevening scholars

    Source: United Kingdom – Executive Government & Departments

    World news story

    Cameroon celebrates forest hero and Chevening scholars

    The British High Commission in Yaoundé honoured Dr Cécile Ndjebet, the first-ever Kew International Medalist and a trailblazing forest and climate activist.

    Dr Ndjebet receiving her Award from the High Commissioner, Matt Woods.

    The British High Commission in Yaoundé hosted a special ceremony to honour Dr Cécile Ndjebet, the first-ever recipient of the Kew International Medal. A renowned forest and environmental activist, Dr Ndjebet was celebrated for her groundbreaking work in forest conservation and women’s empowerment across 20 African countries.

    Her recognition marks a historic moment, highlighting Cameroon’s leadership in global environmental advocacy.

    As the 17th recipient of this globally respected award, Dr. Ndjebet was commended by UK Minister for Africa, Lord Collins, and High Commissioner Matt Woods for her tireless efforts in promoting inclusive forest governance.

    A co-founder of the African Women’s Network for Community Management of Forests and a member of the African Forest Forum, Dr Ndjebet has been instrumental in advancing sustainable environmental practices while ensuring that women have a voice in managing Africa’s natural resources.

    A royal recognition

    Just days after the ceremony in Cameroon, Dr Ndjebet was received by His Majesty King Charles III in the United Kingdom. During her visit, she delivered a powerful keynote address on “Nature Action: Mobilising Frameworks and Finance” highlighting the urgent need for global collaboration in financing nature-based solutions and empowering local communities, especially women, to lead in environmental stewardship.

    Her address underscored the importance of integrating traditional knowledge, gender equity, and sustainable finance into global climate strategies.

    Celebrating academic excellence

    The event also celebrated the return of eight Chevening Scholars who recently completed their master’s degrees at top UK universities. These scholars specialized in critical fields such as climate policy, engineering, disaster management, and artificial intelligence, bringing back valuable knowledge and skills to contribute to national development.

    Strengthening UK-Cameroon ties through education

    Since its inception in 1983, the Chevening Scholarship programme has played a vital role in fostering educational and diplomatic ties between the UK and Cameroon. By investing in future leaders, the programme continues to build bridges of collaboration, innovation, and mutual growth.

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Sweeper Hire and Hoses boss Philip Liley gets suspended sentence

    Source: United Kingdom – Government Statements

    Press release

    Sweeper Hire and Hoses boss Philip Liley gets suspended sentence

    Exeter man tried to hide tons of illegal waste kept on leased land by pushing it into the trees and spreading it across the ground.

    Liley and his firm Sweeper Hire and Hoses admitted running a waste site without a permit

    • Philip Liley attempted to disguise the 15,000 tonnes of waste stored illegally at the site
    • Environment Agency investigations began when the nearby River Bovey was polluted
    • Liley, then trading as Sweeper Hire and Hoses Limited, had no environmental permits and ignored all attempts to make his business operate legally.

    Philip Liley, of Sidmouth Road, Exeter, was director of the then Sweeper Hire and Hoses Limited business based at Higher Brocks Plantation, Heathfield, Newton Abbot, Devon. He pleaded guilty at Exeter Crown Court on Thursday 3 July.

    Liley was sentenced to 15 months’ imprisonment, suspended for 2 years – and 300 hours of unpaid work. 

    Chris Lawson of the Environment Agency, said: 

    Environmental permits are in place to protect the public and the environment.

    Illegal waste activity such as this undermines legitimate businesses that work hard to operate within the regulations, as well as putting the local environment at risk and impacting on the local community. 

    I hope today’s verdict sends a clear message to illegal waste operators that we are committed to tackling the blight of waste crime and will use all powers available to us to catch offenders.

    Leaking pipe leads to Liley’s site

    In March 2023, following a report of a pollution into a tributary of the River Bovey, Environment Agency officers found a pipe discharging a grey/brown liquid into the watercourse.

    The source of the discharge was found to be Liley’s site that he leased at Newton Abbot. The ground at the site was churned up and with heavy plant machinery operating on it, causing the runoff to enter the river.

    The Environment Agency was informed by a sub-contractor working on the site that approximately 15,000 tonnes of inert waste had been imported onto the premises. Groundworks at the site were stopped immediately to limit harm to the local environment. 

    Trees used to hide waste

    Investigations revealed the site was being leased by a company called Sweeper Hire and Hoses Limited. There were no environmental permits or exemptions covering the waste activities ongoing at the site. Neither were there any outstanding planning permission applications.

    During an Environment Agency site inspection, a substantial amount of waste material was present onsite. It appeared that it was being hidden by being pushed and deposited into the trees both at the sides of the premises and in the middle. Work also appeared to be ongoing to level the waste across the site.  

    The same day, the Environment Agency served a notice requiring the company to produce waste transfer notes for waste imported to the site over the previous 2 years. Liley had originally leased the land for 5 years from September 2021, trading as Sweepers and Hoses Limited.  

    Liley refuses to explain himself

    However, due to issues with the various waste issues at the premises, Liley had been given notice to leave the site by the landowner he leased it from. 

    From the waste transfer notes provided, a minimum of 2,960 tonnes in total had been imported to the site between 18 May 2022 and 3 February 2023.

    Liley resigned as director of the business on 1 March 2023 and refused all attempts by the Environment Agency to be interviewed to explain his actions and the legitimacy of his waste business.  

    Illegal waste activity can be reported in confidence to the Environment Agency on its 24-hour incident line on 0800 807060 or to Crimestoppers anonymously on 0800 555 111. 

    Background

    Sweeper Hire and Hoses and Philip Liley were charged with the following offences: 

    • Between 29 September 2021 and 1 March 2023 you, Sweeper Hire and Hoses Limited, on land at Higher Brocks Plantation, Heathfield, Newton Abbot, Devon,  did operate a regulated facility, except under and to the extent authorised by an environmental permit, namely a waste depositing operation for which no environmental permit was in force.  Contrary to Regulations 12(1)(a) and 38(1)(a) of the Environmental Permitting (England and Wales) Regulations 2016. 

    • Between 29 September 2021 and 1 March 2023 you, Phillip Liley on land at Higher Brocks Plantation, Heathfield, Newton Abbot, Devon as Director of  Sweeper Higher and Hoses Limited, did by consent or connivance,  operate a regulated facility, except under and to the extent authorised by an environmental permit, namely a waste depositing operation for which no environmental permit was in force. Contrary to Regulations 12(1)(a), 38(1)(a) and 41(1)(a) of the Environmental Permitting (England and Wales) Regulations 2016 

    • Between 2 March 2023 and 15 September 2023 you, Phillip Liley on land at Higher Brocks Plantation, Heathfield, Newton Abbot, Devon,  did operate a regulated facility, except under and to the extent authorised by an environmental permit, namely a waste depositing operation for which no environmental permit was in force. Contrary to Regulations 12(1)(a) and 38(1)(a) of the Environmental Permitting (England and Wales) Regulations 2016.

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Application for delisting of SDRs from Nasdaq Stockholm

    Source: GlobeNewswire (MIL-OSI)

    The management board of Northern Horizon Capital AS submitted today, 8 July 2025, an application to Nasdaq Stockholm for the delisting of the SDRs. The application was submitted in connection with the planned delisting of SDRs from Nasdaq Stockholm (notice of termination https://view.news.eu.nasdaq.com/view?id=1354309&lang=en) in accordance with the resolution of the fund manager dated 13 February 2025.

    The last day of trading in the SDR on Nasdaq Stockholm is planned to be on 8 October 2025.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    The MIL Network –

  • MIL-OSI: Application for delisting of SDRs from Nasdaq Stockholm

    Source: GlobeNewswire (MIL-OSI)

    The management board of Northern Horizon Capital AS submitted today, 8 July 2025, an application to Nasdaq Stockholm for the delisting of the SDRs. The application was submitted in connection with the planned delisting of SDRs from Nasdaq Stockholm (notice of termination https://view.news.eu.nasdaq.com/view?id=1354309&lang=en) in accordance with the resolution of the fund manager dated 13 February 2025.

    The last day of trading in the SDR on Nasdaq Stockholm is planned to be on 8 October 2025.

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    www.baltichorizon.com

    The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. 

    Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on www.baltichorizon.com. You can also follow Baltic Horizon Fund on www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    The MIL Network –

  • MIL-OSI: UPDATE — Intermex Launches a new Remittance-as-a-Service (RaaS) Platform to Help Businesses Simplify Cross-Border Payments

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 08, 2025 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance provider to Latin America and the Caribbean, today announced the launch of its fully redesigned Remittance-as-a-Service (RaaS) platform. The upgraded service gives businesses a straightforward way to embed fast, secure cross-border money transfers into their own customer experiences.

    A growing number of companies – from innovative U.S. fintechs to well-established payment providers – are already harnessing Intermex’s Remittance-as-a-Service platform to unlock new cross-border revenue streams.

    Through Intermex’s RaaS platform, companies can introduce their own branded person-to-person and business-to-person payment services to eligible markets including Mexico, Guatemala, Honduras, the Dominican Republic, and El Salvador, as well as select countries in Southeast Asia, the European Union, and Africa.

    “Businesses want to innovate and expand quickly, but hurdles like technology development, licensing, and regulatory compliance often slow them down,” said Marcelo Theodoro, Chief Digital, Product & Marketing Officer at Intermex. “Our RaaS platform helps remove those barriers, giving partners a turnkey solution built on decades of experience and one of the strongest payout networks in Latin America.”

    The enhanced platform offers a customizable system that lets businesses create branded customer experiences across WhatsApp, mobile apps, and the web. The service is supported by appropriate licensing across U.S. jurisdictions, incorporating required know your customers and anti-money laundering compliance measures. Companies gain access to one of the largest payout networks in Latin America, supporting cash pickups, home deliveries, and direct bank deposits. The solution also provides integrated payment services, merchant account management, chargeback support, and advanced anti-fraud tools. Additionally, partners benefit from 24/7 bilingual customer support, business insights, and ongoing strategic guidance.

    “Our partners don’t have to build everything from scratch,” Theodoro added. “Through a simple API, we provide the infrastructure, licenses, payout networks, and even the support teams they need. Whether you’re a fintech, an employer, or a loyalty platform, we’re ready to help businesses move money across borders.”

    Companies interested in partnering with Intermex can learn more at www.intermexonline.com/partner-with-us#/.

    About Intermex
    Founded in 1994, Intermex applies proprietary technology to facilitate money transfers from select locations including the United States, Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries, where available and subject to applicable regulations. The company facilitates digital money movement through its website and mobile app, as well as through a vast network of retail agents and company-operated stores. Headquartered in Miami, Florida, Intermex also operates international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain. Learn more at www.intermexonline.com.

    Investor Relations Contact:
    Alex Sadowski
    Investor Relations Coordinator
    ir@intermexusa.com
    305-671-8000

    The MIL Network –

  • MIL-OSI: UPDATE — Intermex Launches a new Remittance-as-a-Service (RaaS) Platform to Help Businesses Simplify Cross-Border Payments

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 08, 2025 (GLOBE NEWSWIRE) — International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading money remittance provider to Latin America and the Caribbean, today announced the launch of its fully redesigned Remittance-as-a-Service (RaaS) platform. The upgraded service gives businesses a straightforward way to embed fast, secure cross-border money transfers into their own customer experiences.

    A growing number of companies – from innovative U.S. fintechs to well-established payment providers – are already harnessing Intermex’s Remittance-as-a-Service platform to unlock new cross-border revenue streams.

    Through Intermex’s RaaS platform, companies can introduce their own branded person-to-person and business-to-person payment services to eligible markets including Mexico, Guatemala, Honduras, the Dominican Republic, and El Salvador, as well as select countries in Southeast Asia, the European Union, and Africa.

    “Businesses want to innovate and expand quickly, but hurdles like technology development, licensing, and regulatory compliance often slow them down,” said Marcelo Theodoro, Chief Digital, Product & Marketing Officer at Intermex. “Our RaaS platform helps remove those barriers, giving partners a turnkey solution built on decades of experience and one of the strongest payout networks in Latin America.”

    The enhanced platform offers a customizable system that lets businesses create branded customer experiences across WhatsApp, mobile apps, and the web. The service is supported by appropriate licensing across U.S. jurisdictions, incorporating required know your customers and anti-money laundering compliance measures. Companies gain access to one of the largest payout networks in Latin America, supporting cash pickups, home deliveries, and direct bank deposits. The solution also provides integrated payment services, merchant account management, chargeback support, and advanced anti-fraud tools. Additionally, partners benefit from 24/7 bilingual customer support, business insights, and ongoing strategic guidance.

    “Our partners don’t have to build everything from scratch,” Theodoro added. “Through a simple API, we provide the infrastructure, licenses, payout networks, and even the support teams they need. Whether you’re a fintech, an employer, or a loyalty platform, we’re ready to help businesses move money across borders.”

    Companies interested in partnering with Intermex can learn more at www.intermexonline.com/partner-with-us#/.

    About Intermex
    Founded in 1994, Intermex applies proprietary technology to facilitate money transfers from select locations including the United States, Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries, where available and subject to applicable regulations. The company facilitates digital money movement through its website and mobile app, as well as through a vast network of retail agents and company-operated stores. Headquartered in Miami, Florida, Intermex also operates international offices in Puebla, Mexico; Guatemala City, Guatemala; London, England; and Madrid, Spain. Learn more at www.intermexonline.com.

    Investor Relations Contact:
    Alex Sadowski
    Investor Relations Coordinator
    ir@intermexusa.com
    305-671-8000

    The MIL Network –

  • MIL-OSI: GoldenMining Launches Enhanced AI-Powered Cloud Mining Platform as Crypto Infrastructure Advances

    Source: GlobeNewswire (MIL-OSI)

    New York, July 08, 2025 (GLOBE NEWSWIRE) —

    Amid renewed momentum in the digital asset sector and a resurgence in tech equities, GoldenMining has unveiled an upgraded version of its automated crypto mining platform, leveraging intelligent computing technologies to optimize cloud-based operations. The launch comes as industry players focus on scalable, infrastructure-driven innovations in the blockchain space.

    GoldenMining operates a globally distributed network of data centers that power its AI-driven mining ecosystem. The platform supports real-time resource allocation and automatic switching between multiple cryptocurrency networks, including Bitcoin (BTC), Ethereum (ETH), XRP, Dogecoin (DOGE), and others. The goal is to enable users to engage in mining operations without the need for hardware, technical expertise, or on-site management.

    “We’re advancing mining accessibility through automation,” said a GoldenMining spokesperson. “Our platform is built to dynamically respond to network activity and adjust mining strategies accordingly—offering an efficient, hands-off entry point into crypto infrastructure.”

    Popular contract recommendations

    contract days Investment Amount Contract Rewards Total income
    Elphapex DG1+ 2 $100 $3 $106
    Bitmain S23 Hyd 5 $650 $42.25 $692.25
    AntminerL917GH 12 $1800 $287.28 $2087.28
    L916GH 30 $4500 $1890 $6390
    ElphaPex DG Hydro1 30 $7800 $3276 $11076
    Elphapex DG2 45 $12000 $180 $20100

    It only takes four steps to start:

    1. Register an account and get a trial bonus for new users; for more activities, please consult the official website: (www.GoldenMining.com)

    2. Select and activate the contract, and the cloud system automatically runs the mining machine;

    3. Receive daily profits: Daily profits will be automatically calculated and sent to your account. When your balance reaches 100. You can withdraw at any time or choose to automatically reinvest and enjoy compound interest

    4. Multi-currency parallel mining: In addition to BTC, GoldenMining supports DOGE, LTC, ETH, USDT, XRP and other currency mining. When XRP trading is active, it can automatically switch mining currencies to capture the increased bonus.

    Key Features of the GoldenMining Platform:

    • AI-Based Power Scheduling: Continuously monitors network difficulty and transaction activity to optimize mining allocation.
    • Multi-Currency Support: Enables simultaneous mining of various digital assets with automated switching based on network conditions.
    • Decentralized Infrastructure: Operates 13+ high-performance data centers worldwide to ensure system reliability and uptime.
    • Energy-Efficient Operations: Utilizes optimized hardware configurations and scalable infrastructure with an emphasis on sustainability.
    • User-Friendly Interface: Accessible via web and mobile platforms for real-time monitoring and system management.

    GoldenMining’s latest platform update is aligned with broader trends in the crypto industry, where automation and intelligence are becoming key pillars of next-generation blockchain participation. The company has also announced ongoing expansion of its mining infrastructure and plans to support additional payment channels and smart contract integrations in the near future.

    About GoldenMining

    GoldenMining is a global provider of cloud-based mining services, committed to developing accessible and fully automated solutions for digital asset enthusiasts. With users in over 100 countries and a growing network of international data centers, the company aims to simplify crypto infrastructure engagement at scale.

    Official Website: www.GoldenMining.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: Boralex will release its 2025 second quarter financial results on August 8, at 11 a.m.

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 second quarter results will take place on Friday, August 8, 2025, at 11 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Friday, August 8, 2025, at 11 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/ceviggr3

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view the presentation which will be broadcasted live. A full replay will also be available on Boralex’s website until August 8, 2026.

    The financial information will be released through a press release and on Boralex’s website on August 8, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Recognized as Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438-883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514-213-1045
    stephane.milot@boralex.com
       

    The MIL Network –

  • MIL-OSI Africa: SA’s agricultural exports reach US$3,36 billion 

    Source: Government of South Africa

    For the first quarter of 2025, South Africa’s agricultural exports reached US$3,36 billion, which translates to a 10% increase year-on-year, says Minister of Agriculture John Steenhuisen.

    This is due to the work that government has been doing in expanding market access and defending trade over the past year.

    “We facilitated new access for avocados to China, maize to Japan and India, beef to Iran, and table grapes to the Philippines and Vietnam. We managed a quick resolution to Botswana’s temporary ban on South African maize and wheat, reopening the border within two weeks.

    “We were part of the Presidential delegation to the Forum on China-Africa Cooperation (FOCAC) in China, secured protocols for wool, dairy and meat exports, and participated in high-level delegations to Davos, Japan, and Berlin,” the Minister said on Tuesday in Cape Town.

    Furthermore, South Africa had formal bilateral engagements with counterparts from the G7, African Union (AU), and G20, to advance the country’s market access and biosecurity agenda.

    Addressing the Department of Agriculture’s Post-Budget Vote Media Briefing, the Minister outlined the significant strides the department has made in expanding market access, restoring biosecurity, delivering targeted farmer support, fighting food insecurity and empowering young people in the sector.

    Restoring biosecurity and disaster preparedness

    Over the past year, government has prioritised biosecurity as the world witnessed an increase in animal and plant disease risks.
    The Minister said biosecurity is no longer a technical matter, but an economic and national imperative. 

    “Over the past year, we have established the National Biosecurity Compact and a Biosecurity Council, which bring together scientists, industry experts and officials to coordinate outbreak responses.

    “[We have] deployed animal health technicians to vaccinate against Foot and Mouth Disease in Gauteng and KwaZulu-Natal, as well as adopted a new proactive, strategic approach,” Steenhuisen.

    Moreover, government relaunched the National Biosecurity Hub in partnership with the University of Pretoria and commenced the country’s first avian influenza vaccination campaign that was supported by upgraded digital disease surveillance.

    “Our efforts are restoring confidence in our export systems and protecting farmers from catastrophic losses,” the Minister said.

    Delivering targeted farmer support

    According Steenhuisen, this year, over 6 000 farmers received direct support through a R1.7 billion allocation, creating 3 000 jobs.

    “Through Ilima/Letsema, we supported 67.492 vulnerable households, generating nearly 9 500 work opportunities. We launched new smallholder farmer programmes in Jozini and beyond, focused on shifting the paradigm from “grow and sell” to “grow to sell”.

    Ilima/Letsema is a government programme aimed at reducing poverty through increased food production initiatives.

    In addition, government fast tracked the global Good Agricultural Practices (GAP) accreditation for emerging producers and expanded access to finance through a restructured Blended Finance Scheme.

    “We have made it clear; the future of agriculture lies with the youth. Over 3 000 agricultural graduates have entered internship programmes. We have begun integrating all 11 agricultural colleges into the higher education system, starting with Elsenburg. 

    “We are investing in climate-smart agriculture, pollinator protection, agroecology, and digital agri-tech tools to make agriculture attractive to the next generation,” the Minister said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI: The world’s leading cloud mining brand: BJMining launches a new cloud mining guide

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 08, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin stabilizes above $108,000, the entire crypto market is showing a positive recovery trend. Data shows that global investors are gradually shifting from high-risk, high-volatility cryptocurrency speculation to a more sustainable, low-threshold long-term mining income model. As the world’s leading green cloud mining platform, BJMining is taking advantage of the opportunity to launch a new user guide to help ordinary users easily open a new era of passive income from digital assets.

    What is BJMining?

    Founded in 2015, BJMining is a global intelligent cloud mining platform headquartered in the UK. The platform is committed to transforming the traditional complex mining machine construction into a one-stop cloud service, and through AI scheduling system and green energy mines, it provides safe, convenient and high-yield mining solutions for more than 5 million users worldwide.

    BJMining CEO: “Turning mining into a daily income tool for people around the world”

    William Thomas, CEO of BJMining, said: “Cloud mining should no longer be exclusive to the technical elite. Our mission is to create a safe, green, barrier-free long-term income solution for users around the world. The launch of this new guide will further lower the threshold for user participation and help everyone enjoy the dividends of the digital economy.”

    Six core highlights: How BJMining redefines the “mining experience”

    • Register now to enjoy $15 cloud newcomer bonus, truly zero-cost trial mining:
      Users can get a $15 new member reward by registering. They can receive $0.6 in income every day without recharging, and easily experience the real mining process.
    • AI intelligently allocates the best-yield mining machine, no operation required:
      The AI ​​algorithm independently developed by the platform will automatically analyze the real-time currency price, difficulty, and popularity, and dynamically switch to mining assets with the best returns, covering BTC, DOGE, ETH, LTC and other currencies.
    • Global green energy layout to achieve 100% carbon neutrality:
      BJMining has deployed multiple solar- and wind-powered data centers in North America, Europe, Latin America, and the Middle East. All mining machines are powered by renewable energy, ensuring both environmental protection and high efficiency.
    • Diversified contracts can be freely configured to meet different user strategies:
      The platform contracts range from short-term contracts of 2 days to long-term contracts of 45 days, which can meet the diverse needs of miners from novices to experienced miners. Users can combine their positions at any time to optimize the mining income structure.
    • Powerful App management system, income withdrawals are instantly credited to your account:
      BJMining App is now available on both iOS and Android platforms, supporting real-time contract tracking, wallet binding and one-click withdrawal of earnings, with an average withdrawal time of less than 60 seconds.
    • High referral rewards:
      3% for direct referrals and 2% for indirect referrals, with no upper limit on earnings.

    Investor behavior changes: from cryptocurrency speculation to stable mining

    More and more long-term holders of XRP, SOL, ETH, etc. have begun to abandon high-volatility intraday operations and instead choose low-intervention, continuous-yield cloud mining platforms like BJMining as the core way to preserve and increase the value of their assets.

    User feedback shows that BJMining’s medium- and long-term contracts can bring stable returns of up to thousands of dollars per day, especially when the currency price fluctuates or goes sideways, showing strong risk resistance.

    Some of the hot-selling contracts are as follows:

    • WhatsMiner M50S+：Invest $100 for 2 days, total net income is $106;
    • WhatsMiner M60S++：Invest $600 for 7 days, total net income is $652.50;
    • Avalon Miner A1566：Invest $1200 for 15 days, total net income is $1434;
    • WhatsMiner M66S+：Invest $5800 for 30 days, total net income is $8410;
    • Antminer L7：Invest $12000 for 40 days, total net income is $20160;
    • Antminer S21e XP Hyd：Invest $27000 for 45 days, total net income is $48870;

    (All contracts are automatically scheduled by AI, settled daily, and can be flexibly withdrawn)

    Global layout upgraded again, future development blueprint exposed

    In order to serve more users, BJMining will launch the following strategic modules:

    • XRP chain-specific smart mining contracts and cross-chain mining machine adaptation technology
    • Green computing power NFT certification system, showing carbon neutrality footprint online
    • Multi-currency stable income pool, integrating DOGE, BTC, and XRP for joint mining
    • Web3 wallet one-click binding mechanism improves user on-chain asset management experience

    Conclusion:

    As a global green and compliant cloud mining brand, BJMining not only provides new users with a $15 new user bonus, but also opens a new path to financial freedom for everyone in the world. No equipment, no professional knowledge, no need to deal with the drastic fluctuations in the currency market, truly realizing “passive income in the cloud”.

    Register a BJMining account now, receive a $15 new member reward, and start your own mining journey!

    Official website address: https://bjmining.com
    Official email: info@bjmining.com

    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.

    The MIL Network –

  • MIL-OSI Russia: XV International Industrial Exhibition “Innoprom”.

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    The International Industrial Exhibition “Innoprom” has been held in Yekaterinburg annually since 2010 and is the main industrial, trade and export platform in Russia, serving as a platform where the foundations of industrial policy are laid. About 80% of the exhibition visitors are professional buyers from different countries of the world, specialists of industrial enterprises making decisions on the introduction of new products and technologies in production.

    The 15th International Industrial Exhibition Innoprom is taking place from July 7 to 10 at the Yekaterinburg-Expo IEC. The theme of Innoprom 2025 is Technological Leadership: Industrial Breakthrough.

    Drive

    Meeting of Mikhail Mishustin with Acting Governor of Sverdlovsk Region Denis Pasler

    Mikhail Mishustin inspected a prototype of the modernized Il-114-300 passenger aircraft

    Five countries are represented with national expositions this year: the partner country of Innoprom-2025 – the Kingdom of Saudi Arabia, as well as the republics of Kyrgyzstan, Kazakhstan, Uzbekistan, and Belarus.

    Among Russian companies, large-scale stands will be presented by the Rostec State Corporation, the Rosatom State Corporation, Sber, GPB, Sinara, TMK, and PC Transport Systems. Collective expositions are planned to be presented by 33 regions of Russia: Vologda Oblast, DPR, Zaporozhye Oblast, Kaluga Oblast, Kirov Oblast, Krasnodar Krai, Krasnoyarsk Krai, Kurgan Oblast, Lipetsk Oblast, LPR, Moscow, Orenburg Oblast, Oryol Oblast, Perm Krai, Primorsky Krai, Rostov Oblast, Republic of Bashkortostan, Republic of Karelia, Komi Republic, Mari El Republic, Republic of Tatarstan, Samara Oblast, Sakhalin Oblast, Sverdlovsk Oblast, Tambov Oblast, Tver Oblast, Tomsk Oblast, Tula Oblast, Udmurt Republic, Chelyabinsk Oblast, Chuvash Republic, Kherson Oblast, Khanty-Mansi Autonomous Okrug – Yugra.

    Collective national expositions occupy an area of 2,445 sq. m. Official delegations are expected from China, the UAE, Pakistan, Turkmenistan, Tajikistan, Armenia, Myanmar, Egypt, Ethiopia, Zimbabwe, the Central African Republic, Congo, Burkina Faso, Bosnia and Herzegovina, as well as countries represented with national expositions. Delegations of business representatives from at least 52 countries are expected, including Iran, Qatar, China, Pakistan, Afghanistan, Senegal, Guinea, Ghana, and Turkey.

    The main tracks of the Innoprom business program are: International Cooperation, Industrial Innovations, Digital Production, Industrial IT, Cybersecurity in Industry, Finance and Industry, Industrial Infrastructure, New Mobility, Technologies for Cities, Labor Productivity, Human Resources, and Educational Solutions for Industry. The business program sessions will be held throughout all four days of the exhibition.

    The key event of the Innoprom-2025 business program will be the main strategic session “Technological Leadership: Industrial Breakthrough”, within the framework of which the presentation of the 11th Russian National Industrial Award “Industry” is planned.

    The award was established in 2014 by the Ministry of Industry and Trade to promote the implementation of advanced technologies in industrial production and public recognition of the best practices of Russian companies in industrial development. In 2015, “Industry” was awarded the status of a Government Award. In 2025, a record number of applications was received – 392. The largest number of applications came from Moscow, St. Petersburg, Sverdlovsk, Moscow and Chelyabinsk regions. The nominees were Biotekhno LLC, KEAZ JSC, Optic Fiber Systems JSC, NPP Radar MMS JSC and Severstal PJSC. The projects of the laureate and nominees will be presented at the stand of innovative industrial projects of the Ministry of Industry and Trade.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: FS meets finance sector in Seoul

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan today began his visit to Seoul, Korea, by meeting Bank of Korea Governor Rhee Chang-yong and Korea Investment Corporation President & Chief Executive Officer Park Il-young.

    Upon arrival in the afternoon, Mr Chan visited the Bank of Korea, the country’s central bank, and met Governor Rhee Chang-yong to discuss the developments in finance, trade and economic landscapes of the two places, in the region and around the globe.

    They also exchanged views on monetary and interest rate policies and investment trends.

    During the meeting, Mr Chan shared the latest developments in Hong Kong, particularly the continuous capital inflow to Hong Kong’s financial system, reflecting international investors’ confidence in Hong Kong in the current international environment.

    Mr Chan said that Hong Kong maintains a free and open economic and financial system as well as the Linked Exchange Rate System under the “one country, two systems” principle. He also highlighted that Hong Kong’s unique advantage of being connected to the Mainland and the world, as well as its highly internationalised characteristics, is further attracting more international participants and capital to enjoy opportunities brought by developments in China.

    Hong Kong’s international ties are continuously deepening, Mr Chan added.

    Thereafter, the finance chief visited the Korea Investment Corporation (KIC) and met its President & Chief Executive Officer Park Il-young to have an in-depth exchange of opinions on various issues of mutual concern, such as trends of investment markets, asset allocation strategies and digital asset developments.

    The KIC was established by the Korean government in 2005, responsible for managing part of Korea’s foreign exchange reserves and other public funds for overseas investments. Currently, over US$200 billion of assets are under its management.

    Mr Chan shared the recent developments in Hong Kong’s economic and financial markets, and its important role in connecting capital and investors from China and around the globe.

    He pointed out that Hong Kong’s capital market is closely connected to the Mainland’s innovation and technology (I&T) ecosystem. The recent stock market is vibrant, with many leading Mainland I&T enterprises having listed or planning to list in Hong Kong. To international investors, Hong Kong serves as a highly effective gateway to tap into I&T opportunities in Greater China.

    Mr Chan welcomed Korean capital to better use the Hong Kong market to allocate international investments and jointly seize the vast business opportunities of I&T developments.

    In the evening, Mr Chan had dinner with leaders in Korea’s digital asset industry, where he shared Hong Kong’s developments and opportunities in digital assets.

    He also encouraged the local industry to actively participate in the Hong Kong market and jointly explore and expand more applications and developments in digital assets.

    MIL OSI Asia Pacific News –