NewzIntel.com

Category: Finance

  • MIL-OSI Security: Mexican national admits to transporting child sexual abuse material across state lines to Mexico

    Source: Office of United States Attorneys

    LAREDO, Texas – A 39-year-old Mexican national has pleaded guilty to transportation of child pornography, announced U.S. Attorney Nicholas J. Ganjei.

    On March 12, Raul Velasco-Leon was traveling from Tennessee and approached the Juarez-Lincoln International Bridge attempting to enter Mexico. While on the primary lane, authorities selected Velasco-Leon for further inspection and referred him to secondary.

    They conducted a search of his belongings and found what appeared to be a piece of youth-sized clothing with the words “Girl Power” tucked inside a jean pocket. Law enforcement also discovered multiple electronic devices, including 10 USB flash drives, two cell phones and a laptop. On one of the devices, they discovered six files containing child sexual abuse material (CSAM) of minor victims approximately 10 years of age.

    The files contained approximately five photographs and one video that contained CSAM. The five images, displayed via video chat, depicted female minor victims showing their genital areas. The video had a split screen with the adult male, later determined to be Velasco-Leon, masturbating while the top of the screen displayed a montage of CSAM including a female minor victim being forced to perform oral sex on an adult male.

    Velasco-Leon admitted he had been engaged in a video chat and when he saw the CSAM, he would watch and screen record it.

    U.S. District Judge John A. Kazen will impose sentencing at a later date. At that time, Velasco-Leon faces up to 20 years in federal prison and a possible $250,000 maximum fine.

    He has been and will remain in custody pending sentencing.

    “This case is about protecting kids both north and south of the border from the defendant’s predatory behavior,” said Ganjei. “Although Velasco-Leon was about to depart the United States for Mexico, given his conduct, his stay in the U.S. is about to become much, much longer.”

    “This guilty plea is a critical step in holding Velasco-Leon accountable for the disturbing crimes he committed,” said Acting Deputy Special Agent in Charge Mauro Lopez of Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) Laredo. “HSI remains committed to identifying, investigating and bringing to justice those who exploit children. We will continue working tirelessly with our law enforcement partners to ensure predators face the full consequences of their actions and that victims are not forgotten.”

    ICE-HSI conducted the investigation with the assistance of Customs and Border Protection.

    Assistant U.S. Attorney Christine A. Cortez is prosecuting the case, which was brought as part of Project Safe Childhood (PSC), a nationwide initiative the Department of Justice (DOJ) launched in May 2006 to combat the growing epidemic of child sexual exploitation and abuse. U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section leads PSC, which marshals federal, state and local resources to locate, apprehend and prosecute individuals who sexually exploit children and identifies and rescues victims. For more information about PSC, please visit DOJ’s PSC page. For more information about internet safety education, please visit the resources tab on that page. 

    MIL Security OSI –

  • MIL-OSI Security: Lynn Man Pleads Guilty to Threatening an Elected Official

    Source: Office of United States Attorneys

    BOSTON – A Lynn pleaded guilty today in federal court in Boston to making threats to an elected official.

    Justin David Gaglio, 51, pleaded guilty to one count of transmitting interstate threats. U.S. District Court Judge Indira Talwani scheduled sentencing for Sept. 9, 2025. Gaglio was charged in October 2024.

    Beginning in or around January 2023, Gaglio began contacting the elected official via online submissions through the elected official’s website. Between January 2023 and September 2024, Gaglio submitted over 80 separate messages to the elected official via the website, sometimes sending multiple messages within minutes of each other.  

    On or about Sept. 8, 2024, Gaglio submitted a contact request to the elected official’s website in which he threatened to violently murder the elected official and the elected official’s family.

    The charge of transmitting interstate threats carries a maximum penalty of up to 20 years in prison, three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and Ted. E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Valuable assistance was provided by the United States Capital Police, the Massachusetts State Police and the Lynn and Salem Police Departments. Assistant U.S. Attorney Alathea E. Porter of the Criminal Division is prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Lynn Man Pleads Guilty to Threatening an Elected Official

    Source: Office of United States Attorneys

    BOSTON – A Lynn pleaded guilty today in federal court in Boston to making threats to an elected official.

    Justin David Gaglio, 51, pleaded guilty to one count of transmitting interstate threats. U.S. District Court Judge Indira Talwani scheduled sentencing for Sept. 9, 2025. Gaglio was charged in October 2024.

    Beginning in or around January 2023, Gaglio began contacting the elected official via online submissions through the elected official’s website. Between January 2023 and September 2024, Gaglio submitted over 80 separate messages to the elected official via the website, sometimes sending multiple messages within minutes of each other.  

    On or about Sept. 8, 2024, Gaglio submitted a contact request to the elected official’s website in which he threatened to violently murder the elected official and the elected official’s family.

    The charge of transmitting interstate threats carries a maximum penalty of up to 20 years in prison, three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and Ted. E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Valuable assistance was provided by the United States Capital Police, the Massachusetts State Police and the Lynn and Salem Police Departments. Assistant U.S. Attorney Alathea E. Porter of the Criminal Division is prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Conspirators sentenced for engaging in a multitude of fraud schemes, including romance scams, investment fraud, and business email compromise, to steal at least $17 million

    Source: Office of United States Attorneys

    SHERMAN, Texas –Multiple defendants have been sentenced to federal prison for their role in an elaborate fraud scheme in the Eastern District of Texas, announced Acting U.S. Attorney Jay R. Combs.

    Damilola Kumapayi, 39, of Plano, pleaded guilty to conspiring to commit wire fraud and was sentenced to 109 months in federal prison.

    Sandra Iribhogbe Popnen, 50, of Plano, pleaded guilty to conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 365 months in federal prison.

    Edgal Iribhogbe, 51, of Allen, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chidindu Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chiagoziem Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    “Transnational organized criminals targeting the hard-earned savings of elderly and vulnerable populations are simply despicable,” said Acting U.S. Attorney Jay R. Combs.  “The long arm of the American justice system has no limits when it comes to reaching fraudsters who prey on our nation’s most vulnerable populations. The defendants’ lengthy sentences in this case reflect the seriousness of their crimes and the dedication of law enforcement officers and prosecutors to bring them to justice.  I want to thank our law enforcement partners for their outstanding work on this case.”

    “The defendants were part of a transnational organized crime syndicate that defrauded victims collectively out of millions of dollars. For some individuals, this was their life savings, and they were unable to financially recover,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock. “We hope these sentences give them a sense of comfort and sends a clear message that the FBI is committed to pursuing justice for victims.”

    “The collective sentences of nearly 160 years handed down to these defendants is a testament to the unwavering resolve of IRS Criminal Investigation (IRS-CI) and our law enforcement partners,” said Christopher J. Altemus, Jr., IRS-CI Special Agent in Charge of the Dallas Field Office.  “Through relentless investigation and prosecution, they have brought justice to the victims, holding these predators accountable for exploiting trust and devastating lives. IRS-CI and our partners are committed to prosecuting criminals for financial crimes, especially those that prey on our elderly and vulnerable.”

    The sentencing hearings were held before U.S. District Judge Amos L. Mazzant, III on June 16, 2025, in Sherman.

    According to information presented in court, beginning around January 2017, the defendants used a multitude of fraudulent schemes to obtain money from their victims, including online romance scams, business email compromise and investor fraud, and unemployment insurance fraud.  The defendants coordinated how to extract money from their victims, and then how to disguise, disburse, and launder that money once they successfully defrauded their victims.  The scheme resulted in approximately $17 million fraudulently obtained from at least 100 individual victims, companies, and government entities from across the world.  The scheme specifically targeted elderly persons and used various schemes such as online dating sites to lure their victims.  Once funds were obtained from their victims, the defendants laundered the money through a network of various bank accounts and sent money to bank accounts, co-conspirators and businesses located in Africa and Asia.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (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).

    This case was investigated by the FBI’s Dallas Field Office; Homeland Security Investigations; Internal Revenue Service-Criminal Investigation; Department of Labor-Office of Inspector General; the U.S. Department of State’s Diplomatic Security Service (DSS); U.S. Postal Inspection Service; U.S. Citizenship and Immigration Service; Allen Police Department; Denton Police Department; Dallas County Sheriff’s Office; and Texas Department of Public Safety.  This case was prosecuted by assistant U.S. attorneys in the Plano office.

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    MIL Security OSI –

  • MIL-OSI Security: Conspirators sentenced for engaging in a multitude of fraud schemes, including romance scams, investment fraud, and business email compromise, to steal at least $17 million

    Source: Office of United States Attorneys

    SHERMAN, Texas –Multiple defendants have been sentenced to federal prison for their role in an elaborate fraud scheme in the Eastern District of Texas, announced Acting U.S. Attorney Jay R. Combs.

    Damilola Kumapayi, 39, of Plano, pleaded guilty to conspiring to commit wire fraud and was sentenced to 109 months in federal prison.

    Sandra Iribhogbe Popnen, 50, of Plano, pleaded guilty to conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 365 months in federal prison.

    Edgal Iribhogbe, 51, of Allen, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chidindu Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    Chiagoziem Okeke, 32, of Houston, was found guilty at trial of conspiring to commit wire fraud and conspiring to commit money laundering and was sentenced to 480 months in federal prison.

    “Transnational organized criminals targeting the hard-earned savings of elderly and vulnerable populations are simply despicable,” said Acting U.S. Attorney Jay R. Combs.  “The long arm of the American justice system has no limits when it comes to reaching fraudsters who prey on our nation’s most vulnerable populations. The defendants’ lengthy sentences in this case reflect the seriousness of their crimes and the dedication of law enforcement officers and prosecutors to bring them to justice.  I want to thank our law enforcement partners for their outstanding work on this case.”

    “The defendants were part of a transnational organized crime syndicate that defrauded victims collectively out of millions of dollars. For some individuals, this was their life savings, and they were unable to financially recover,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock. “We hope these sentences give them a sense of comfort and sends a clear message that the FBI is committed to pursuing justice for victims.”

    “The collective sentences of nearly 160 years handed down to these defendants is a testament to the unwavering resolve of IRS Criminal Investigation (IRS-CI) and our law enforcement partners,” said Christopher J. Altemus, Jr., IRS-CI Special Agent in Charge of the Dallas Field Office.  “Through relentless investigation and prosecution, they have brought justice to the victims, holding these predators accountable for exploiting trust and devastating lives. IRS-CI and our partners are committed to prosecuting criminals for financial crimes, especially those that prey on our elderly and vulnerable.”

    The sentencing hearings were held before U.S. District Judge Amos L. Mazzant, III on June 16, 2025, in Sherman.

    According to information presented in court, beginning around January 2017, the defendants used a multitude of fraudulent schemes to obtain money from their victims, including online romance scams, business email compromise and investor fraud, and unemployment insurance fraud.  The defendants coordinated how to extract money from their victims, and then how to disguise, disburse, and launder that money once they successfully defrauded their victims.  The scheme resulted in approximately $17 million fraudulently obtained from at least 100 individual victims, companies, and government entities from across the world.  The scheme specifically targeted elderly persons and used various schemes such as online dating sites to lure their victims.  Once funds were obtained from their victims, the defendants laundered the money through a network of various bank accounts and sent money to bank accounts, co-conspirators and businesses located in Africa and Asia.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (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).

    This case was investigated by the FBI’s Dallas Field Office; Homeland Security Investigations; Internal Revenue Service-Criminal Investigation; Department of Labor-Office of Inspector General; the U.S. Department of State’s Diplomatic Security Service (DSS); U.S. Postal Inspection Service; U.S. Citizenship and Immigration Service; Allen Police Department; Denton Police Department; Dallas County Sheriff’s Office; and Texas Department of Public Safety.  This case was prosecuted by assistant U.S. attorneys in the Plano office.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Alleged Members of Major Guatemalan Drug Trafficking Organization Indicted

    Source: Office of United States Attorneys

    SAN DIEGO – A federal grand jury indictment was unsealed in San Diego Friday alleging that 13 Guatemalan nationals are part of a Guatemala-based cocaine trafficking organization operating out of La Mesilla and Democracia, Huehuetenango, Guatemala, which is on the Guatemala-Mexico border.

    The indictment was returned on May 31, 2019. Among the individuals charged are Baldemar Calderon-Carrillo, aka “Don Valde,” and his son, Walfre Donaldo Calderon-Calderon, aka “El Teniente Jr.”

    On June 13, 2025, federal agents in San Diego received information that Calderon-Carrillo, the lead defendant in the indictment, had been killed during a June 8, 2025, shootout with Mexican authorities. U.S. agents continue to obtain information confirming the details of Calderon-Carrillo’s death. Video of the incident was posted on various news outlets and in social media showing Mexican law enforcement in a shootout with members of a drug trafficking organization.

    In January 2023, one of Calderon-Carrillo’s sons, Edgar Yovani Calderon-Calderon, aka “Panon,” who is charged in the same indictment, was arrested in Paris, France. Edgar Yovani Calderon-Calderon was extradited to the United States from France in March 2024 and pleaded guilty in February 2025 to international cocaine distribution conspiracy charges.

    As part of his plea agreement, Calderon-Calderon admitted that since at least 2017, up to and including May 31, 2019, he conspired with others to distribute cocaine in Guatemala and elsewhere, knowing and having reasonable cause to believe the cocaine would be unlawfully imported into the United States.

    Calderon-Calderon admitted that he participated in the distribution of large quantities of cocaine in Guatemala on behalf of a drug trafficking organization based in La Mesilla, Huehuetenango, Guatemala. From Huehuetenango, the cocaine was transported to co-conspirators operating near the Guatemala-Mexico border, into Mexico, and ultimately smuggled into the United States.  As part of his plea agreement, Calderon-Calderon admitted that the conspiracy involved at least 550 kilograms of cocaine. On May 30, 2025, Calderon-Calderon was sentenced to 87 months in prison.

    The remaining defendants charged in the indictment are fugitives.

    This case is being prosecuted by Assistant U.S. Attorneys Kevin Mokhtari. The Justice Department’s Office of International Affairs and French authorities provided substantial assistance to secure the arrest and extradition of Edgar Yovani Calderon-Calderon.

    DEFENDANTS                                                               Case Number 19-cr-2025-DMS              

    Baldemar Calderon-Carrillo, aka “Don Valde”                     Age: 67           Guatemala

    Amado Calderon-Calderon, aka “Don Juan”                         Age: 46           Guatemala

    Walfre Donaldo Calderon-Calderon,  aka “El Teniente Jr.”  Age: 43           Guatemala

    Ceidner Ivan Calderon-Villatoro, aka “Chene”                     Age: 35           Guatemala

    Edgar Yovani Calderon-Calderon, aka “Panon”                    Age: 45           Guatemala

    Boris Brandon Calderon-Villatoro, aka “Leon”                     Age: 31           Guatemala

    Fredy Estuardo Villatoro-Calderon, aka “Nalo”                    Age: 31           Guatemala

    Juan Carlos Escobedo-Herrera, aka “Ducati”                        Age: 34           Guatemala

    Marvin Waldemar Mendez-Aldana, aka “Don Pelado”         Age: 44           Guatemala

    German Zaldana-Lima, aka “Gorgo”                                     Age: 50           Guatemala

    Arnoldo Bexsael Morales-Aguilar, aka “Bex”                       Age: 57           Guatemala

    Ranferi Godinez-Vasquez, aka “Chilo”                                 Age: 31           Guatemala

    Maximo Morales-Godinez, aka “Max”                                  Age: 37           Guatemala

    SUMMARY OF CHARGES

    Count 1 – International Cocaine Distribution Conspiracy – Title 21, U.S.C., Sections 959, 960, 963

    Maximum penalty: Life in prison; a maximum $10 million fine

    All defendants

    Count 2 – Conspiracy to Possess with Intent to Distribute Cocaine – Title 46, U.S.C., Sections 70503, 70506(b)

    Maximum penalty: Life in prison; a maximum $10 million fine

    Defendant Walfre Donaldo Calderon-Calderon only

    INVESTIGATING AGENCY

    Homeland Security Investigations

    MIL Security OSI –

  • MIL-OSI Security: Alleged Members of Major Guatemalan Drug Trafficking Organization Indicted

    Source: Office of United States Attorneys

    SAN DIEGO – A federal grand jury indictment was unsealed in San Diego Friday alleging that 13 Guatemalan nationals are part of a Guatemala-based cocaine trafficking organization operating out of La Mesilla and Democracia, Huehuetenango, Guatemala, which is on the Guatemala-Mexico border.

    The indictment was returned on May 31, 2019. Among the individuals charged are Baldemar Calderon-Carrillo, aka “Don Valde,” and his son, Walfre Donaldo Calderon-Calderon, aka “El Teniente Jr.”

    On June 13, 2025, federal agents in San Diego received information that Calderon-Carrillo, the lead defendant in the indictment, had been killed during a June 8, 2025, shootout with Mexican authorities. U.S. agents continue to obtain information confirming the details of Calderon-Carrillo’s death. Video of the incident was posted on various news outlets and in social media showing Mexican law enforcement in a shootout with members of a drug trafficking organization.

    In January 2023, one of Calderon-Carrillo’s sons, Edgar Yovani Calderon-Calderon, aka “Panon,” who is charged in the same indictment, was arrested in Paris, France. Edgar Yovani Calderon-Calderon was extradited to the United States from France in March 2024 and pleaded guilty in February 2025 to international cocaine distribution conspiracy charges.

    As part of his plea agreement, Calderon-Calderon admitted that since at least 2017, up to and including May 31, 2019, he conspired with others to distribute cocaine in Guatemala and elsewhere, knowing and having reasonable cause to believe the cocaine would be unlawfully imported into the United States.

    Calderon-Calderon admitted that he participated in the distribution of large quantities of cocaine in Guatemala on behalf of a drug trafficking organization based in La Mesilla, Huehuetenango, Guatemala. From Huehuetenango, the cocaine was transported to co-conspirators operating near the Guatemala-Mexico border, into Mexico, and ultimately smuggled into the United States.  As part of his plea agreement, Calderon-Calderon admitted that the conspiracy involved at least 550 kilograms of cocaine. On May 30, 2025, Calderon-Calderon was sentenced to 87 months in prison.

    The remaining defendants charged in the indictment are fugitives.

    This case is being prosecuted by Assistant U.S. Attorneys Kevin Mokhtari. The Justice Department’s Office of International Affairs and French authorities provided substantial assistance to secure the arrest and extradition of Edgar Yovani Calderon-Calderon.

    DEFENDANTS                                                               Case Number 19-cr-2025-DMS              

    Baldemar Calderon-Carrillo, aka “Don Valde”                     Age: 67           Guatemala

    Amado Calderon-Calderon, aka “Don Juan”                         Age: 46           Guatemala

    Walfre Donaldo Calderon-Calderon,  aka “El Teniente Jr.”  Age: 43           Guatemala

    Ceidner Ivan Calderon-Villatoro, aka “Chene”                     Age: 35           Guatemala

    Edgar Yovani Calderon-Calderon, aka “Panon”                    Age: 45           Guatemala

    Boris Brandon Calderon-Villatoro, aka “Leon”                     Age: 31           Guatemala

    Fredy Estuardo Villatoro-Calderon, aka “Nalo”                    Age: 31           Guatemala

    Juan Carlos Escobedo-Herrera, aka “Ducati”                        Age: 34           Guatemala

    Marvin Waldemar Mendez-Aldana, aka “Don Pelado”         Age: 44           Guatemala

    German Zaldana-Lima, aka “Gorgo”                                     Age: 50           Guatemala

    Arnoldo Bexsael Morales-Aguilar, aka “Bex”                       Age: 57           Guatemala

    Ranferi Godinez-Vasquez, aka “Chilo”                                 Age: 31           Guatemala

    Maximo Morales-Godinez, aka “Max”                                  Age: 37           Guatemala

    SUMMARY OF CHARGES

    Count 1 – International Cocaine Distribution Conspiracy – Title 21, U.S.C., Sections 959, 960, 963

    Maximum penalty: Life in prison; a maximum $10 million fine

    All defendants

    Count 2 – Conspiracy to Possess with Intent to Distribute Cocaine – Title 46, U.S.C., Sections 70503, 70506(b)

    Maximum penalty: Life in prison; a maximum $10 million fine

    Defendant Walfre Donaldo Calderon-Calderon only

    INVESTIGATING AGENCY

    Homeland Security Investigations

    MIL Security OSI –

  • MIL-OSI USA: Capitol Hill Touts Benefits of the One Big Beautiful Bill

    US Senate News:

    Source: US Whitehouse
    Across Capitol Hill, members of Congress have been sharing with their constituents the benefits of President Donald J. Trump’s One Big Beautiful Bill — which include the largest tax cut in history, higher wages and take-home pay, unprecedented spending cuts, border security, protecting Medicaid, modernizing air traffic control, and much more.
    Here are what some members of Congress are saying around the country:
    Sen. Chuck Grassley (R-IA) on FoxNews.com: How Senate Republicans are restoring rule of law and securing border for years to come
    “While Democrat allies riot in the streets, Republicans are standing up for what’s right. Today, as chairman of the Senate Judiciary Committee, I released legislative text for my committee’s section of the ‘One Big Beautiful Bill.’ The Judiciary Committee’s provisions provide historic investments to strengthen our nation’s border security and immigration system, support local law enforcement and protect American families from violence like we’ve seen in Los Angeles. The costs of the judiciary section are offset by immigration application fees, which inject accountability into the immigration system.”
    Sen. Cynthia Lummis (R-WY) in Cowboy State Daily: Trump’s Border Triumph — Making America Secure Again
    “The Senate is currently developing President Trump’s comprehensive legislative package, known as the One Big, Beautiful Bill Act, with the goal of passage by July 4th. This legislation contains several immigration measures that I believe are essential. The bill provides funding to help finish President Trump’s border wall, and gives Border Patrol and ICE agents the resources, technology, and personnel they need to carry out the mission … The American people were clear last November when they voted and told Washington, D.C. that it is time to fully secure our border and deport illegal aliens. These provisions give President Trump and his administration the resources they need to continue delivering on this mandate.”
    Sen. Roger Marshall (R-KS) on FoxNews.com: Trump’s One Big, Beautiful Bill will keep our border the most secure it’s been in history
    “Our country stands at a crossroads. Thanks to President Donald Trump’s and Homeland Security Secretary Noem’s leadership, our border is secure. We can either capitalize on this success and give law enforcement the resources it needs to keep it secure by passing the One Big, Beautiful Bill, or we can let the sacrifice of our men and women on the ground be in vain.”
    Rep. Jodey Arrington (R-TX), Rep. August Pfluger (R-TX) in The Hill: The One Big Beautiful Bill Act delivers for America. Now the Senate Must Deliver Too.
    “The House of Representatives has delivered on the American people’s mandate by passing the One Big Beautiful Bill Act, the most comprehensive and consequential set of conservative reforms in our nation’s history. This transformative package includes record levels of tax cuts, spending reduction, and border and national security investment. The ball is now in the Senate’s court and their mission is simple: move the One Big Beautiful Bill to the president’s desk as soon as possible.”
    Rep. Michael Baumgartner (R-WA) in the Ritzville Adams County Journal: One ‘Big, Beautiful, Bill Act’ is good for us
    “This legislation delivers on the promises made to the American people: to secure the border, cut taxes, unleash American energy and restore fairness to our economy. It reflects what voters demanded and what I pledged to deliver.”
    Rep. Andy Barr (R-KY) in the Lexington Herald-Leader: Senate must pass Trump’s ‘Big, Beautiful Bill’
    “Last month, I voted to pass President Trump’s Big, Beautiful Bill. It was an easy vote. The president’s leadership produced a transformational legislative win that will deliver an across-the-board tax cut for families, small businesses, farmers and seniors. On top of tax relief for Kentuckians still rebounding from four years of runaway inflation under Joe Biden, we surge resources to help law enforcement seal the Southern border and provide $1.6 trillion in deficit reduction, all while strengthening Medicaid for Kentuckians who need it. That’s why my message to U.S. senators, especially from Kentucky, is very simple: pass the Big, Beautiful Bill, and send it to the president’s desk. Kentuckians can’t afford to wait, literally.”
    Rep. Jack Bergman (R-MI) in The Detroit News: One Big Beautiful Bill corrects nation’s course
    “After the last four years of chaos in America under the Biden-Harris administration — from our overwhelmed southern border to reckless binge spending driving up our national debt — we are one bad decision, or one failure to act, away from catastrophe. That’s why I supported the One Big Beautiful Bill Act, which will deliver middle-class tax relief, secure our borders, bolster our defense, and restore the kind of fiscal responsibility that northern Michigan families have practiced for generations. This bill will turn the tide against out-of-control spending and help rescue our economy.”
    Rep. Vern Buchanan (R-FL) in the Sarasota Herald-Tribune: Floridians benefit from Trump’s tax cuts. We can’t let Democrats take them away.
    “As Floridians begin to recover from the disastrous Biden administration, the last thing they need is a massive tax hike – but that’s exactly what will happen if Congress doesn’t act. That’s why Republicans are working to extend President Donald Trump’s 2017 tax cuts and ensure all Americans get the relief they deserve.”
    Rep. Buddy Carter (R-GA) in the Atlanta Journal-Constitution: Sens. Ossoff, Warnock should support Trump’s ‘big, beautiful bill’
    “Georgia’s Democratic U.S. Senators Jon Ossoff and Raphael Warnock should not oppose President Trump’s ‘One, Big, Beautiful Bill’ Act (OBBBA) … the most consequential piece of legislation of our generation. It is a legacy defining bill that I was proud to support when it passed the House of Representatives, advancing President Trump’s full domestic agenda that more than 77 million Americans overwhelmingly voted for back in November. That’s exactly why Ossoff and Warnock are going to fight this bill at every turn.”
    Rep. Tom Cole (R-OK) on Indianz.com: Promises Made, Promises Kept
    “Last November, the American people gave their Representatives a mandate when they overwhelmingly voted for change. 77 million Americans made it very clear to us that they wanted a secure border, the resurgence of American energy dominance, lower taxes, a lethal military focused on warfighting instead of woke initiatives, and a more efficient federal government that roots out fraud, waste, and abuse of taxpayer dollars — essentially the platform that President Trump ran on. Now, less than six months into the new Trump Administration, the United States House of Representatives has already delivered on these promises by passing the One Big Beautiful Bill Act.”
    Rep. Ben Cline (R-VA) on RealClearPolitics.com: A Big, Beautiful Win for America
    “The American Dream is back in reach and our nation is back on the path to prosperity, security, and sanity, thanks to the actions of the House of Representatives last week. With the House’s passage of President Trump’s ‘One Big Beautiful Bill,’ we’ve shown that it is possible to return common sense to our government, protect taxpayers, secure our borders, and chart a course for national Golden Age – all in one package.”
    Rep. Troy Downing (R-WY) in the Billings Gazette: We are staring down the barrel of a 26% tax increase
    “We are staring down the barrel of a 26% tax increase. If Congress does not take action to extend the President Donald Trump’s tax cuts by Jan. 1 of next year, the average Montana family of four will be out more than $1,400 per year … Put plainly, a vote opposing an extension of the TCJA is a vote to raise taxes — on the rich, on the poor, on you, on your neighbor, on family farms, on the coffee shop down the street. Republicans will prevent Democrats from walking America off a fiscal cliff and avoid this catastrophic tax hike that threatens the financial security of countless Montanans.”
    Rep. Neal Dunn (R-FL) in the Tallahassee Democrat: Floridians: Don’t let Washington raise your taxes while you’re not looking
    “Across Florida’s 2nd Congressional District, families have already been stretched thin by rising costs – at the grocery store, at the gas pump, and on their utility bills. The last thing they need is a tax hike. But unless Congress acts soon, that’s exactly what nightmare is coming … Preventing this tax hike should be a bipartisan priority. We owe it to the people we serve to protect and build on the progress our nation has made. Congress must act to make the TCJA permanent – to protect prosperity, promote growth, and preserve the American Dream for the next generation.”
    Rep. Gabe Evans (R-CO) in Newsweek: House Republicans Are Keeping Our Promises on Border Security
    “Americans are desperate to feel safe in our own neighborhoods, but time and time again dangerous illegal immigrants stole from, raped, assaulted, and killed innocent Americans. It is an honor to sit on the House Homeland Security Committee and help lead the charge to secure our borders and follow through on our public safety promises to our constituents. As a part of Congress’ reconciliation package, Homeland Republicans recently advanced recommendations for border security funding to protect Americans, including over $46 billion to complete the border wall system. This money will provide an additional 701 miles of primary wall, construction of 900 miles of river barriers, and even technology like sensors. A physical border is key to keeping the bad guys out.”
    Rep. Randy Feenstra (R-IA) in the Times-Republican: Iowa families will benefit from President Trump’s ‘One, Big, Beautiful Bill’
    “The other week, my Republican colleagues in the U.S. House of Representatives and I passed President Trump’s ‘One, Big, Beautiful Bill.’ This legislation contains numerous provisions to put more money back in the pockets of Iowa families … President Trump’s ‘One, Big, Beautiful Bill’ will finally give our families room to breathe again. Estimates suggest that families could see up to $13,300 more in take-home pay, with workers potentially gaining up to $11,600 in higher wages over four years. With provisions that end taxes on tips, overtime, and auto loan interest for American-made cars, working parents can be certain that the extra effort they’re putting in for their families will pay off.”
    Rep. Michelle Fischbach (R-MN) in the Park Rapids Enterprise: One Big Beautiful Bill Act helps families and small businesses
    “The One Big Beautiful Bill Act protects Medicaid for those who need and deserve it … It makes the 2017 Trump tax cuts permanent, which have been so beneficial for families and small businesses to grow and thrive, even during the uncertain economic times we experienced over the last several years. This bill permanently doubles the guaranteed standard deduction and expands it by $2,000 for every American family. It creates new tax relief for seniors by adding an additional $4,000 deduction for those aged 65 and over. It makes the 199A small business deduction permanent and expands it to 23% for the over 60,000 small businesses in CD7. It makes the doubled death tax exemption permanent and expands it for the nearly 30,000 farms in CD7, helping families pass down their life’s work to the next generation. It prevents the child tax credit from being cut in half and expands the credit to $2,500 to support 74,460 families in CD7. It eliminates tax on tips and overtime pay. And, it expands 529 education plans so families can make the right choices for them, including using 529s for K-12 education materials, universities or trade schools.”
    Rep. Sam Graves (R-MO) in The Washington Times: One Big Beautiful Bill Act provides a flight path for a modern air traffic control system
    “This has been a difficult year for U.S. aviation, with a string of tragic crashes that have killed passengers and crew. Additionally, we have seen reports about failing technology that has caused repeated air traffic control outages and flight delays. Meanwhile, a shortage of certified air traffic controllers has put additional strain on our aviation system. President Trump, Transportation Secretary Sean Duffy and House Republicans are saying ‘enough is enough,’ and we are doing something about it.”
    Rep. Mark Green (R-NC) on RealClearPolitics.com: ‘One Big, Beautiful Bill’ Will Give Americans a Secure Border
    “The only way for us to make good on our promises to the American people is to codify President Trump’s agenda. Funding common-sense and effective border security measures through reconciliation is the first step.”
    Rep. Michael Guest (R-MS) in The Hill: Investing in border security is a win for every American
    “Since President Trump entered office in January of 2025, our border security has increased, the flow of illegal drugs has dropped dramatically, and illegal border crossings have plummeted to levels not seen in modern history. The success of the Trump administration’s leadership at our borders cannot be underestimated. Now, Congress must do its job to enshrine into law the work of President Trump.”
    Rep. Brett Guthrie (R-KY) on FoxNews.com: GOP fights to protect Medicaid for America’s most vulnerable while Democrats fearmonger
    “It is a top priority of House Republicans to eliminate the waste, fraud and abuse in the programs and safeguard expectant mothers, their children, low-income seniors and especially individuals living with disabilities who are receiving Medicaid coverage. Regrettably, Democrats continue to fuel the falsehood that 13 million individuals will lose healthcare coverage under OBBBA.”
    Rep. Mike Haridopolous (R-FL) in Florida Today: “One Big Beautiful Bill” is a win for Florida families, workers
    “America voted for change last November, and now we’re delivering it. Over the past four years, families have been hit with rising prices, shrinking paychecks, and a government that grew too big and too careless with your tax dollars. People are working harder than ever, but they’re falling behind. That’s not right, and that’s why my Republican colleagues and I in Congress are fighting hard to pass the ‘One Big Beautiful Bill’ This bill is about getting back to basics: Rewarding work, cutting waste, and putting American families first.”
    Rep. Erin Houchin (R-IN) in Newsweek: The Truth About the One Big Beautiful Bill—and What Democrats Don’t Want You to Know
    “Democrats have spent weeks fearmongering about so-called cuts to Medicaid, Medicare, and Social Security in the One Big Beautiful Bill. Let’s be clear: those talking points are false, and they know it. What this bill actually does is protect and preserve these critical safety net programs for the people they were designed to serve—pregnant women, children, individuals with disabilities, and seniors. It does so by taking on the real problem: waste, fraud, and abuse that have run rampant in our federal health programs for decades.”
    Rep. Jen Kiggans (R-VA) in the Washington Examiner: The ‘big, beautiful bill’ protects Medicaid for those who need it
    “When I came to Congress, I promised the people of Virginia’s 2nd Congressional District that I would pursue practical solutions to improve the lives of working families — without the drama, the headlines, or the politics. That commitment is reflected in the House’s recently passed “big, beautiful bill,” a practical, solutions-oriented piece of legislation that restores accountability to our safety net programs. Unfortunately, misinformation has clouded the bill’s intent, particularly when it comes to Medicaid. Let me set the record straight: This legislation does not cut Medicaid for those who truly need it. Instead, it strengthens the program for low-income families, seniors, and individuals with disabilities while rooting out waste and holding bad actors accountable.”
    Rep. David Kustoff (R-TN) in the Washington Examiner: The ‘one big, beautiful bill’ will restore the American dream
    “Unfortunately, if Congress does not act, many of the provisions in TCJA will expire at the end of the year. If that happens, the average family in my district of West Tennessee will face a nearly 26% tax hike. A child inheriting the family farm could pay such steep estate taxes that he is forced to sell it. And a small business owner competing with larger corporations could see her taxes nearly double. These are not just numbers on a chart in Washington. These provisions affect each and every one of us. If they expire, the American dream could be unachievable for many of our citizens.”
    Rep. Tracey Mann (R-MO) in the Kansas City Star: Kansas deserves the gift of Trump’s One Big Beautiful Bill
    “I recently voted in the U.S. House of Representatives to advance the One Big Beautiful Bill Act, which would provide working- and middle-class Americans with the largest tax cuts in history and make long overdue investments into our nation’s border security by funding the completion of the border wall. The legislation would equip Customs and Border Patrol with modern technology to assist with intercepting drug and human smuggling while increasing detention capacity for Immigration and Customs Enforcement as it works to deport violent criminals and gang members who are in the country illegally.”
    Rep. Adrian Smith (R-NE) in the Pawnee Republican: Building Certainty for Small Businesses
    “For workers and entrepreneurs, few places are as ripe with economic opportunity as the United States of America. Our world-leading workforce, natural resources, educational institutions, rule of law committed to protecting capital investment, and unique features such as deepwater ports providing access to export goods and services to consumers across both the Atlantic and Pacific Oceans provide opportunities for American families with few rivals elsewhere around the globe. Despite these economic strengths, there is much we can improve. The federal government remains inefficient, and we must address issues such as our spending-driven budget deficit. Likewise, too many work-capable Americans remain on the sidelines despite millions of good jobs available in our economy. Efforts to address the waste, fraud, and abuse in federally funded programs are vitally important for the fiscal health of our country, as are expanded efforts to help sidelined Americans connect with good jobs. For this reason, the reconciliation bill passed by the House enhances accountability for state administration of federal benefit programs and improves incentives for beneficiaries to find meaningful work.”
    Rep. Jason Smith (R-MO) on FoxNews.com: It’s time for Congress to deliver President Trump’s ‘big, beautiful bill’ to his desk
    “Republicans have a historic opportunity to deliver America First tax reforms that reward hard work, bring jobs back home, expand opportunity, and most importantly, rebuild the American economy for hardworking families across our nation. President Donald Trump has been crystal clear about what he wanted Congress to deliver – 77 million Americans raced to the ballot box in support of his vision of lower taxes for those whose sweat moves our economy forward. Now, The One, Big, Beautiful Bill passed by the Ways and Means Committee delivers for those workers. It makes permanent the expiring provisions of the successful 2017 Trump tax cuts, provides additional tax relief to American families, and rewards those who manufacture more at home and hire more American workers. The additional tax relief includes eliminating taxes on tips, overtime pay, and auto loan interest, and delivering tax relief for seniors. Now, Congress must not fail the American people.”
    Rep. Tim Walberg (R-MI) in Leader Publications: Empowering Hardworking Americans through one big beautiful bill
    “The One Big Beautiful Bill Act represents the culmination of each instructed committee’s plan to eliminate waste, fraud, and abuse in Washington and make vital investments in our communities. In total, the bill would provide over $1.6 billion in savings, allowing the federal government to be better stewards of American tax dollars and put us back on the path to fiscal prosperity.  The cornerstone of the package is the permanent expansion of the Tax Cuts and Jobs Act of 2017, which revitalized our economy, unleashing unprecedented job growth and higher wages for working families. Two years after being signed into law, real median household income increased by $5,000 and real wages rose by 4.9%, allowing families to pocket more of their hard-earned money. The reforms also incentivized businesses to invest more in the U.S., ending the decades-long trend of U.S. companies shipping operations overseas.”
    Rep. Rob Wittman (R-VA) in The Virginian-Pilot: Voting for spending bill kept my word to Virginians
    “Let me set the record straight: I kept my word. I fought for Virginians, and I voted to protect working families, strengthen our safety net, and invest in national security and economic opportunity. Before this bill even came to a vote, I raised my voice publicly to demand protections for the vulnerable. In April, I wrote to House leadership making clear that balancing the budget must not come at the expense of pregnant women, children, seniors or individuals with disabilities. I demanded reforms that would support patients, help new mothers and expand savings for working-class families. This bill delivers on that promise.”
    Rep. Rudy Yakym (R-IN) in Goshen News: The One, Big, Beautiful Bill Explained
    “The One Big Beautiful Bill isn’t some bloated spending package. It doesn’t give any money to the Department of Education, HUD, or the EPA. What it does is straightforward: cut taxes, rein in federal spending, permanently secure the border, and reform welfare. When I’m meeting with Hoosier manufacturers and small business owners or chatting with friends at the grocery store, they’re clear about one thing: They’re taxed enough. And I agree. That’s why it makes the 2017 Trump Tax Cuts permanent. That means bigger paychecks, more investment in America, and strong incentives for companies to stay in the U.S. rather than send jobs overseas.”

    MIL OSI USA News –

  • MIL-OSI USA: Luján, Dingell Announce Legislation to Strengthen Home and Community-Based Services

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)

    Washington, D.C. – Today, U.S. Senator Ben Ray Luján (D-N.M.) and U.S. Representative Debbie Dingell (D-Mich.) announced the introduction of the Home and Community-Based Services (HCBS) Relief Act, legislation to provide dedicated Medicaid funds for home and community-based services (HCBS) for older adults, children, and youth and adults with disabilities for two years. The HCBS Relief Act would decrease the need to move people into congregate settings and allow them to receive the services and support they need from their own homes. The bill is also designed to support service provider agencies and direct care workers who provide services in homes.

    Millions of Americans rely on HCBS for daily activities, such as dressing, bathing, meal preparation, taking medication, employment support, mobility assistance, and more. Chronic underfunding of Medicaid services has led to an impending crisis, forcing millions of people with disabilities and older adults into institutions.

    “Right now, millions rely on HCBS for basic everyday needs – help getting dressed, taking medications, preparing meals, and so much more,” said Senator Luján. “To support Americans who depend on home and community-based care, I’m proud to introduce my HCBS Relief Act. My bill would address chronic underfunding that has pushed families into crisis and forced many into institutions simply because they can’t access support at home.”

    “We know that the majority of individuals who require long-term care would prefer to receive it in their own homes and communities. No one should have to wait years to get the care they deserve, and no care worker should have to live below the poverty line to give this care,” said Representative Dingell. “Medicaid is the single largest payer of long-term care in our country. At a time when Medicaid is facing unprecedented, historic cuts, it’s more important than ever that we prioritize home and community-based services. This legislation will provide much-needed investment in our care workforce, making it easier for those who need care to get it, and supporting the caregivers doing this crucial work.”

    Last week, Senator Luján joined Senate Finance Committee Democrats at a press conference to announce the HCBS Relief Act and a series of additional proposals to strengthen the Medicaid program and empower federal watchdogs to take on fraud in the federal health care system. The press conference came as congressional Republicans continue to jam their reconciliation bill that rips away affordable health care from millions of Americans through the House and Senate behind closed doors.

    In the Senate, the HCBS Relief Act is cosponsored by U.S. Senators Tim Kaine (D-Va.), Martin Heinrich (D-N.M.), John Fetterman (D-Pa.), Jeff Merkley (D-Ore.), Elizabeth Warren (D-Mass.), Tina Smith (D-Minn.), Amy Klobuchar (D-Minn.), Tammy Duckworth (D-Ill.), Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.), Jack Reed (D-R.I.), Peter Welch (D-Vt.), Tammy Baldwin (D-Wis.), Chris Van Hollen (D-Md.), and Ron Wyden (D-Ore.).

    Full bill text of the HCBS Relief Act is available here.

    MIL OSI USA News –

  • MIL-OSI USA: BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Source: US State of Pennsylvania

    June 17, 2025 – Croydon, PA

    ADVISORY – BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Lt. Gov. Austin Davis will join representatives from the Southeastern Pennsylvania Transportation Authority (SEPTA), as well as leaders from local employers, to highlight the importance of investing in mass transit to create jobs, connect communities and grow Pennsylvania’s economy.
    The Lieutenant Governor will host a news conference Tuesday, June 17, at 9:15 a.m. at SEPTA’s Croydon Station, 751 Bristol Pike, Croydon.

    The Lieutenant Governor will then board a Trenton Line Regional Rail train to travel to Suburban Station in downtown Philadelphia.
    The Shapiro-Davis 2025-26 budget proposal calls for significant investment in mass transit and road and bridge infrastructure all across the Commonwealth ensuring Pennsylvanians can get where they need to go.

    WHO:
    Lt. Gov. Austin Davis, state Sen. Steve Santarsiero, SEPTA Board Chair Ken Lawrence, Transport Workers Union Local 234 President Brian Pollitt, Holy Family University President Dr. Anne Prisco, Bucks County Transportation Management Association Executive Director Stephen Noll

    WHAT:
    News conference and ride-along to highlight the importance of investing in public transit

    WHEN:
    Tuesday, June 17, at 9:15 a.m.

    WHERE:
    SEPTA’s Croydon Station
    751 Bristol Pike, Croydon

    RSVP:
    Members of the news media who are interested in attending the news conference must RSVP to Kirstin Alvanitakis at kirstinalv@pa.gov. There will be opportunities for b-roll footage during the ride-along.

    MIL OSI USA News –

  • MIL-OSI USA: BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Source: US State of Pennsylvania

    June 17, 2025 – Croydon, PA

    ADVISORY – BUCKS COUNTY – Lt. Gov. Austin Davis to Advocate for Shapiro-Davis Administration’s Proposed Mass Transit Investments, Connecting Communities and Powering Pennsylvania’s Economy

    Lt. Gov. Austin Davis will join representatives from the Southeastern Pennsylvania Transportation Authority (SEPTA), as well as leaders from local employers, to highlight the importance of investing in mass transit to create jobs, connect communities and grow Pennsylvania’s economy.
    The Lieutenant Governor will host a news conference Tuesday, June 17, at 9:15 a.m. at SEPTA’s Croydon Station, 751 Bristol Pike, Croydon.

    The Lieutenant Governor will then board a Trenton Line Regional Rail train to travel to Suburban Station in downtown Philadelphia.
    The Shapiro-Davis 2025-26 budget proposal calls for significant investment in mass transit and road and bridge infrastructure all across the Commonwealth ensuring Pennsylvanians can get where they need to go.

    WHO:
    Lt. Gov. Austin Davis, state Sen. Steve Santarsiero, SEPTA Board Chair Ken Lawrence, Transport Workers Union Local 234 President Brian Pollitt, Holy Family University President Dr. Anne Prisco, Bucks County Transportation Management Association Executive Director Stephen Noll

    WHAT:
    News conference and ride-along to highlight the importance of investing in public transit

    WHEN:
    Tuesday, June 17, at 9:15 a.m.

    WHERE:
    SEPTA’s Croydon Station
    751 Bristol Pike, Croydon

    RSVP:
    Members of the news media who are interested in attending the news conference must RSVP to Kirstin Alvanitakis at kirstinalv@pa.gov. There will be opportunities for b-roll footage during the ride-along.

    MIL OSI USA News –

  • MIL-OSI USA: Justice Department Declines Prosecution of Private Equity Firm Following Voluntary Disclosure of Sanctions Violations and Related Offenses Committed by Acquired Company

    Source: US State of California

    Department Credits Firm’s Swift Disclosure and Cooperation in Stopping Violations and Securing Former CEO’s Conviction

    Note: View a copy of the White Deer declination letter, Unicat non-prosecution agreement, and Mani Erfan’s plea agreement.

    The Justice Department’s National Security Division (NSD) and the U.S. Attorney’s Office for the Southern District of Texas (SDTX) today announced that they declined the prosecution of private equity firm White Deer Management LLC (White Deer) and its affiliates after the firm discovered and voluntarily self-disclosed criminal violations of U.S. sanctions and export laws committed by a company it acquired, Texas-based Unicat Catalyst Technologies LLC (Unicat).

    NSD and SDTX also announced that the Justice Department entered into a non-prosecution agreement (NPA) with Unicat, and that, on Aug. 19, 2024, the former chief executive officer (CEO) and co-founder of Unicat, Mani Erfan, pleaded guilty to conspiring to violate U.S. sanctions against Iran and other countries and foreign governments, as well as concealment and international promotional money laundering. As part of his plea, Erfan also agreed to pay a money judgment in the amount of $1,600,000.

    “After acquiring a company with a hidden history of sanctions violations, this private equity firm uncovered the misconduct, stopped it, and quickly reported it to the government, leading to the successful prosecution of a senior executive,” said Assistant Attorney General for National Security John A. Eisenberg. “Our decision to decline prosecution of the acquiror and extend a non-prosecution agreement to the acquired entity in this case reflects the National Security Division’s strong commitment to rewarding responsible corporate leadership.”

    “Illegally exporting sensitive items to Venezuela and Iran to help them evade sanctions directly undermines U.S. foreign policy and threatens our national security,” said Special Agent in Charge Chad Plantz of Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) Houston. “HSI will not sit by idly while businesses or individuals operating in the U.S. blatantly help our nation’s adversaries procure sensitive technologies or weapons and today’s announcement of a $3 million fine and the imposition of criminal charges is just another example of that enduring commitment.”

    As detailed in court documents and in the Department’s agreements with White Deer and Unicat, from approximately 2014 through 2021, Mani Erfan, Unicat’s former CEO, conspired with others, including at least one other Unicat employee, to cause Unicat to submit bids and make sales to customers in Iran, Venezuela, Syria, and Cuba in violation of U.S. economic sanctions. In total, Erfan caused Unicat to make a total of 23 unlawful sales of chemical catalysts used in oil refining and steel production to customers in Iran, Venezuela, and Cuba. Some of the sales were effected through exports of catalysts from the United States and further violated U.S. export control laws.

    To further the conspiracy, the conspirators made false statements in export documents and financial records about the true identities and locations of Unicat’s customers and falsely assured some Unicat employees that the company’s business with customers subject to U.S. economic sanctions was lawful. Unicat obtained approximately $3.33 million in revenue from its unlawful sales.

    Erfan and Unicat employees additionally falsified invoices to reduce the tariffs assessed on catalysts that Unicat imported from China. By undervaluing these imports, Unicat caused a loss of revenue of approximately $1.66 million in duties, taxes, and fees. Further, during negotiations to sell Unicat to White Deer, Unicat’s prior owners provided representations and warranties to White Deer attesting to Unicat’s compliance with U.S. sanctions and export control laws.

    The scheme came to light in June 2021, in the midst of the COVID-19 pandemic, after White Deer acquired Unicat and a second company based in the United Kingdom, and Unicat’s new CEO was able to travel to the United States to visit Unicat and begin to integrate the operations of the company. During his visit, the new CEO learned that Unicat had a pending transaction with an Iranian customer and immediately ordered the deal’s cancellation. Over the next month, White Deer and Unicat’s new CEO retained counsel to investigate, and learned that Unicat had engaged in a series of transactions with counterparties subject to different U.S. sanctions programs. Before the investigation was complete, but after determining that Unicat employees had engaged in potentially criminal violations of U.S. sanctions laws, White Deer and Unicat’s new management submitted a voluntary self-disclosure to NSD.

    Pursuant to the NPA, Unicat agreed to pay forfeiture totaling $3,325,052.10, representing the proceeds of its violations of U.S. sanctions and export control laws. In parallel resolutions coordinated between the Justice Department, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the Commerce Department’s Bureau of Industry and Security (BIS) Office of Export Enforcement (OEE), Unicat agreed to pay $3,882,797 to OFAC for its apparent violations of U.S. sanctions laws, and agreed with OEE to pay a penalty of $391,183 for its violation of U.S. export control laws. OFAC agreed to credit Unicat’s payment of forfeiture pursuant to the NPA against the OFAC penalty, and OEE has agreed to credit Unicat’s payment to OFAC against the OEE penalty. In a separate administrative resolution with U.S. Customs and Border Protection, Unicat agreed to pay $1,655,189.57, in underpaid duties, taxes, and fees.

    NSD and SDTX declined White Deer’s prosecution and entered into the NPA with Unicat after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations, the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy), and pursuant to the provisions of the NSD Enforcement Policy that apply to Voluntary Self-Disclosures in Connection with Acquisitions (the NSD M&A Policy).

    The NSD M&A Policy provides that when a company (1) completes a lawful bona fide acquisition of another entity, (2) voluntarily and timely self-discloses to NSD potentially criminal violations of laws affecting U.S. national security committed by the acquired entity, (3) fully cooperates with NSD’s investigation, and (4) timely and appropriately remediates the misconduct, NSD generally will not seek a guilty plea from the acquiror, and there is a presumption that NSD will decline to prosecute the acquiror. The NSD M&A Policy further provides that while a presumption of declination is not available to the acquired entity, NSD will credit the acquiror’s timely voluntary self-disclosure to the acquired entity and will consider whether the acquired entity otherwise satisfies the NSD Enforcement Policy’s requirements to obtain the benefits of the Policy.

    NSD and SDTX determined that White Deer’s acquisition of Unicat was a lawful bona fide acquisition, and that White Deer’s self-disclosure was timely under all of the relevant circumstances, including the COVID-19 pandemic and in the context of White Deer’s acquisition of Unicat and efforts to integrate the company’s operations into another acquired entity. White Deer and Unicat fully cooperated with the government’s subsequent investigation by proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. White Deer’s and Unicat’s cooperation materially assisted the government’s investigation, leading to the successful prosecution of Unicat’s former CEO. Unicat remediated the root cause of the misconduct in less than one year from the date of its discovery by terminating culpable employees, disciplining other employees involved in the misconduct, seeking reimbursement from Unicat’s sellers, and designing and implementing a comprehensive and robust internal controls and compliance program that has proven effective in practice at identifying and preventing similar potential misconduct.

    This resolution marks the first time since the creation of the Justice Department’s Mergers and Acquisitions Policy in March 2024 that the Department has declined the prosecution of an acquiror for self-disclosing criminal conduct discovered at an acquired entity.

    Trial Attorneys Adam P. Barry and Yifei Zheng of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorney S. Mark McIntyre for the Southern District of Texas prosecuted the case.

    ICE-HSI, the Defense Criminal Investigative Service, and BIS investigated the case.

    MIL OSI USA News –

  • MIL-OSI USA: Justice Department Declines Prosecution of Private Equity Firm Following Voluntary Disclosure of Sanctions Violations and Related Offenses Committed by Acquired Company

    Source: US State of California

    Department Credits Firm’s Swift Disclosure and Cooperation in Stopping Violations and Securing Former CEO’s Conviction

    Note: View a copy of the White Deer declination letter, Unicat non-prosecution agreement, and Mani Erfan’s plea agreement.

    The Justice Department’s National Security Division (NSD) and the U.S. Attorney’s Office for the Southern District of Texas (SDTX) today announced that they declined the prosecution of private equity firm White Deer Management LLC (White Deer) and its affiliates after the firm discovered and voluntarily self-disclosed criminal violations of U.S. sanctions and export laws committed by a company it acquired, Texas-based Unicat Catalyst Technologies LLC (Unicat).

    NSD and SDTX also announced that the Justice Department entered into a non-prosecution agreement (NPA) with Unicat, and that, on Aug. 19, 2024, the former chief executive officer (CEO) and co-founder of Unicat, Mani Erfan, pleaded guilty to conspiring to violate U.S. sanctions against Iran and other countries and foreign governments, as well as concealment and international promotional money laundering. As part of his plea, Erfan also agreed to pay a money judgment in the amount of $1,600,000.

    “After acquiring a company with a hidden history of sanctions violations, this private equity firm uncovered the misconduct, stopped it, and quickly reported it to the government, leading to the successful prosecution of a senior executive,” said Assistant Attorney General for National Security John A. Eisenberg. “Our decision to decline prosecution of the acquiror and extend a non-prosecution agreement to the acquired entity in this case reflects the National Security Division’s strong commitment to rewarding responsible corporate leadership.”

    “Illegally exporting sensitive items to Venezuela and Iran to help them evade sanctions directly undermines U.S. foreign policy and threatens our national security,” said Special Agent in Charge Chad Plantz of Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) Houston. “HSI will not sit by idly while businesses or individuals operating in the U.S. blatantly help our nation’s adversaries procure sensitive technologies or weapons and today’s announcement of a $3 million fine and the imposition of criminal charges is just another example of that enduring commitment.”

    As detailed in court documents and in the Department’s agreements with White Deer and Unicat, from approximately 2014 through 2021, Mani Erfan, Unicat’s former CEO, conspired with others, including at least one other Unicat employee, to cause Unicat to submit bids and make sales to customers in Iran, Venezuela, Syria, and Cuba in violation of U.S. economic sanctions. In total, Erfan caused Unicat to make a total of 23 unlawful sales of chemical catalysts used in oil refining and steel production to customers in Iran, Venezuela, and Cuba. Some of the sales were effected through exports of catalysts from the United States and further violated U.S. export control laws.

    To further the conspiracy, the conspirators made false statements in export documents and financial records about the true identities and locations of Unicat’s customers and falsely assured some Unicat employees that the company’s business with customers subject to U.S. economic sanctions was lawful. Unicat obtained approximately $3.33 million in revenue from its unlawful sales.

    Erfan and Unicat employees additionally falsified invoices to reduce the tariffs assessed on catalysts that Unicat imported from China. By undervaluing these imports, Unicat caused a loss of revenue of approximately $1.66 million in duties, taxes, and fees. Further, during negotiations to sell Unicat to White Deer, Unicat’s prior owners provided representations and warranties to White Deer attesting to Unicat’s compliance with U.S. sanctions and export control laws.

    The scheme came to light in June 2021, in the midst of the COVID-19 pandemic, after White Deer acquired Unicat and a second company based in the United Kingdom, and Unicat’s new CEO was able to travel to the United States to visit Unicat and begin to integrate the operations of the company. During his visit, the new CEO learned that Unicat had a pending transaction with an Iranian customer and immediately ordered the deal’s cancellation. Over the next month, White Deer and Unicat’s new CEO retained counsel to investigate, and learned that Unicat had engaged in a series of transactions with counterparties subject to different U.S. sanctions programs. Before the investigation was complete, but after determining that Unicat employees had engaged in potentially criminal violations of U.S. sanctions laws, White Deer and Unicat’s new management submitted a voluntary self-disclosure to NSD.

    Pursuant to the NPA, Unicat agreed to pay forfeiture totaling $3,325,052.10, representing the proceeds of its violations of U.S. sanctions and export control laws. In parallel resolutions coordinated between the Justice Department, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the Commerce Department’s Bureau of Industry and Security (BIS) Office of Export Enforcement (OEE), Unicat agreed to pay $3,882,797 to OFAC for its apparent violations of U.S. sanctions laws, and agreed with OEE to pay a penalty of $391,183 for its violation of U.S. export control laws. OFAC agreed to credit Unicat’s payment of forfeiture pursuant to the NPA against the OFAC penalty, and OEE has agreed to credit Unicat’s payment to OFAC against the OEE penalty. In a separate administrative resolution with U.S. Customs and Border Protection, Unicat agreed to pay $1,655,189.57, in underpaid duties, taxes, and fees.

    NSD and SDTX declined White Deer’s prosecution and entered into the NPA with Unicat after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations, the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy), and pursuant to the provisions of the NSD Enforcement Policy that apply to Voluntary Self-Disclosures in Connection with Acquisitions (the NSD M&A Policy).

    The NSD M&A Policy provides that when a company (1) completes a lawful bona fide acquisition of another entity, (2) voluntarily and timely self-discloses to NSD potentially criminal violations of laws affecting U.S. national security committed by the acquired entity, (3) fully cooperates with NSD’s investigation, and (4) timely and appropriately remediates the misconduct, NSD generally will not seek a guilty plea from the acquiror, and there is a presumption that NSD will decline to prosecute the acquiror. The NSD M&A Policy further provides that while a presumption of declination is not available to the acquired entity, NSD will credit the acquiror’s timely voluntary self-disclosure to the acquired entity and will consider whether the acquired entity otherwise satisfies the NSD Enforcement Policy’s requirements to obtain the benefits of the Policy.

    NSD and SDTX determined that White Deer’s acquisition of Unicat was a lawful bona fide acquisition, and that White Deer’s self-disclosure was timely under all of the relevant circumstances, including the COVID-19 pandemic and in the context of White Deer’s acquisition of Unicat and efforts to integrate the company’s operations into another acquired entity. White Deer and Unicat fully cooperated with the government’s subsequent investigation by proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. White Deer’s and Unicat’s cooperation materially assisted the government’s investigation, leading to the successful prosecution of Unicat’s former CEO. Unicat remediated the root cause of the misconduct in less than one year from the date of its discovery by terminating culpable employees, disciplining other employees involved in the misconduct, seeking reimbursement from Unicat’s sellers, and designing and implementing a comprehensive and robust internal controls and compliance program that has proven effective in practice at identifying and preventing similar potential misconduct.

    This resolution marks the first time since the creation of the Justice Department’s Mergers and Acquisitions Policy in March 2024 that the Department has declined the prosecution of an acquiror for self-disclosing criminal conduct discovered at an acquired entity.

    Trial Attorneys Adam P. Barry and Yifei Zheng of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorney S. Mark McIntyre for the Southern District of Texas prosecuted the case.

    ICE-HSI, the Defense Criminal Investigative Service, and BIS investigated the case.

    MIL OSI USA News –

  • MIL-OSI USA: Venezuelan National and U.S. Citizen Arrested for Sanctions Evasion and Smuggling in Scheme to Supply Venezuela’s State-Owned Steel Industry

    Source: US State of California

    Defendants Allegedly Moved Millions Through Global Front Companies and Illegally Supplied Industrial Goods to Sanctioned Venezuelan Entities

    Note: View the criminal complaint.

    Juan Carlos Cairo-Padron, 56, of Huntsville, Texas, and Thomas Michael Fortinberry, 51, of Decatur, Alabama, were arrested on June 13, 2025 on a federal criminal complaint charging them with violating U.S. sanctions related to Venezuela, illegally smuggling goods from the United States, and money laundering. The defendants will make their initial court appearances in the Southern District of Texas today.

    According to the complaint, Cairo, a Venezuelan national and U.S. lawful permanent resident, and Fortinberry, a U.S. citizen, conspired for years to sell chemical catalysts, industrial equipment, and associated services to Venezuelan state-owned steel mills and petrochemical companies that are subject to U.S. sanctions. Cairo and Fortinberry’s scheme involved the use of U.S. and overseas front companies that served as intermediaries on shipping documents, foreign bank accounts that moved money into and out of the United States, and other activities designed to conceal the fact that the goods and services were destined for sanctioned entities.

    As alleged, from at least 2022 through the present, Cairo and Fortinberry — at times acting through companies that they owned or controlled such as DRI Reformers and Reformer Technologies — sold millions of dollars’ worth of catalysts, industrial equipment, and related services to the Venezuelan steel company Complejo Siderurgico de Guayana S.A. (COMSIGUA), which is owned by the Venezuelan government and is subject to U.S. sanctions. Cairo and Fortinberry used Chinese suppliers to ship the catalysts or industrial equipment directly from China to Venezuela, and in at least one instance, they shipped the goods from the United States to Venezuela. As part of their scheme, Cario and Fortinberry also transferred millions of dollars between bank accounts in the United States, Spain, and China — in transactions involving companies based in China, Germany, and Spain — all for the purpose of continuing their sanctions evasion scheme, and to conceal the true parties involved.

    If convicted, both Cairo and Fortinberry face a maximum penalty of 20 years in prison for the sanctions and money laundering violations, and 10 years in prison for the smuggling violation. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) and the Defense Criminal Investigative Service are investigating the case.

    Trial Attorneys Adam P. Barry and Yifei Zheng of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorneys S. Mark McIntyre and John Marck for the Southern District of Texas are prosecuting the case. Trial Attorney Christopher Magnani provided substantial assistance.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI USA: Venezuelan National and U.S. Citizen Arrested for Sanctions Evasion and Smuggling in Scheme to Supply Venezuela’s State-Owned Steel Industry

    Source: US State of California

    Defendants Allegedly Moved Millions Through Global Front Companies and Illegally Supplied Industrial Goods to Sanctioned Venezuelan Entities

    Note: View the criminal complaint.

    Juan Carlos Cairo-Padron, 56, of Huntsville, Texas, and Thomas Michael Fortinberry, 51, of Decatur, Alabama, were arrested on June 13, 2025 on a federal criminal complaint charging them with violating U.S. sanctions related to Venezuela, illegally smuggling goods from the United States, and money laundering. The defendants will make their initial court appearances in the Southern District of Texas today.

    According to the complaint, Cairo, a Venezuelan national and U.S. lawful permanent resident, and Fortinberry, a U.S. citizen, conspired for years to sell chemical catalysts, industrial equipment, and associated services to Venezuelan state-owned steel mills and petrochemical companies that are subject to U.S. sanctions. Cairo and Fortinberry’s scheme involved the use of U.S. and overseas front companies that served as intermediaries on shipping documents, foreign bank accounts that moved money into and out of the United States, and other activities designed to conceal the fact that the goods and services were destined for sanctioned entities.

    As alleged, from at least 2022 through the present, Cairo and Fortinberry — at times acting through companies that they owned or controlled such as DRI Reformers and Reformer Technologies — sold millions of dollars’ worth of catalysts, industrial equipment, and related services to the Venezuelan steel company Complejo Siderurgico de Guayana S.A. (COMSIGUA), which is owned by the Venezuelan government and is subject to U.S. sanctions. Cairo and Fortinberry used Chinese suppliers to ship the catalysts or industrial equipment directly from China to Venezuela, and in at least one instance, they shipped the goods from the United States to Venezuela. As part of their scheme, Cario and Fortinberry also transferred millions of dollars between bank accounts in the United States, Spain, and China — in transactions involving companies based in China, Germany, and Spain — all for the purpose of continuing their sanctions evasion scheme, and to conceal the true parties involved.

    If convicted, both Cairo and Fortinberry face a maximum penalty of 20 years in prison for the sanctions and money laundering violations, and 10 years in prison for the smuggling violation. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) and the Defense Criminal Investigative Service are investigating the case.

    Trial Attorneys Adam P. Barry and Yifei Zheng of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorneys S. Mark McIntyre and John Marck for the Southern District of Texas are prosecuting the case. Trial Attorney Christopher Magnani provided substantial assistance.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI Security: Venezuelan National and U.S. Citizen Arrested for Sanctions Evasion and Smuggling in Scheme to Supply Venezuela’s State-Owned Steel Industry

    Source: United States Attorneys General

    Defendants Allegedly Moved Millions Through Global Front Companies and Illegally Supplied Industrial Goods to Sanctioned Venezuelan Entities

    Note: View the criminal complaint.

    Juan Carlos Cairo-Padron, 56, of Huntsville, Texas, and Thomas Michael Fortinberry, 51, of Decatur, Alabama, were arrested on June 13, 2025 on a federal criminal complaint charging them with violating U.S. sanctions related to Venezuela, illegally smuggling goods from the United States, and money laundering. The defendants will make their initial court appearances in the Southern District of Texas today.

    According to the complaint, Cairo, a Venezuelan national and U.S. lawful permanent resident, and Fortinberry, a U.S. citizen, conspired for years to sell chemical catalysts, industrial equipment, and associated services to Venezuelan state-owned steel mills and petrochemical companies that are subject to U.S. sanctions. Cairo and Fortinberry’s scheme involved the use of U.S. and overseas front companies that served as intermediaries on shipping documents, foreign bank accounts that moved money into and out of the United States, and other activities designed to conceal the fact that the goods and services were destined for sanctioned entities.

    As alleged, from at least 2022 through the present, Cairo and Fortinberry — at times acting through companies that they owned or controlled such as DRI Reformers and Reformer Technologies — sold millions of dollars’ worth of catalysts, industrial equipment, and related services to the Venezuelan steel company Complejo Siderurgico de Guayana S.A. (COMSIGUA), which is owned by the Venezuelan government and is subject to U.S. sanctions. Cairo and Fortinberry used Chinese suppliers to ship the catalysts or industrial equipment directly from China to Venezuela, and in at least one instance, they shipped the goods from the United States to Venezuela. As part of their scheme, Cario and Fortinberry also transferred millions of dollars between bank accounts in the United States, Spain, and China — in transactions involving companies based in China, Germany, and Spain — all for the purpose of continuing their sanctions evasion scheme, and to conceal the true parties involved.

    If convicted, both Cairo and Fortinberry face a maximum penalty of 20 years in prison for the sanctions and money laundering violations, and 10 years in prison for the smuggling violation. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) and the Defense Criminal Investigative Service are investigating the case.

    Trial Attorneys Adam P. Barry and Yifei Zheng of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorneys S. Mark McIntyre and John Marck for the Southern District of Texas are prosecuting the case. Trial Attorney Christopher Magnani provided substantial assistance.

    A criminal complaint is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: Justice Department Declines Prosecution of Private Equity Firm Following Voluntary Disclosure of Sanctions Violations and Related Offenses Committed by Acquired Company

    Source: United States Attorneys General 7

    Department Credits Firm’s Swift Disclosure and Cooperation in Stopping Violations and Securing Former CEO’s Conviction

    Note: View a copy of the White Deer declination letter, Unicat non-prosecution agreement, and Mani Erfan’s plea agreement.

    The Justice Department’s National Security Division (NSD) and the U.S. Attorney’s Office for the Southern District of Texas (SDTX) today announced that they declined the prosecution of private equity firm White Deer Management LLC (White Deer) and its affiliates after the firm discovered and voluntarily self-disclosed criminal violations of U.S. sanctions and export laws committed by a company it acquired, Texas-based Unicat Catalyst Technologies LLC (Unicat).

    NSD and SDTX also announced that the Justice Department entered into a non-prosecution agreement (NPA) with Unicat, and that, on Aug. 19, 2024, the former chief executive officer (CEO) and co-founder of Unicat, Mani Erfan, pleaded guilty to conspiring to violate U.S. sanctions against Iran and other countries and foreign governments, as well as concealment and international promotional money laundering. As part of his plea, Erfan also agreed to pay a money judgment in the amount of $1,600,000.

    “After acquiring a company with a hidden history of sanctions violations, this private equity firm uncovered the misconduct, stopped it, and quickly reported it to the government, leading to the successful prosecution of a senior executive,” said Assistant Attorney General for National Security John A. Eisenberg. “Our decision to decline prosecution of the acquiror and extend a non-prosecution agreement to the acquired entity in this case reflects the National Security Division’s strong commitment to rewarding responsible corporate leadership.”

    “Illegally exporting sensitive items to Venezuela and Iran to help them evade sanctions directly undermines U.S. foreign policy and threatens our national security,” said Special Agent in Charge Chad Plantz of Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI) Houston. “HSI will not sit by idly while businesses or individuals operating in the U.S. blatantly help our nation’s adversaries procure sensitive technologies or weapons and today’s announcement of a $3 million fine and the imposition of criminal charges is just another example of that enduring commitment.”

    As detailed in court documents and in the Department’s agreements with White Deer and Unicat, from approximately 2014 through 2021, Mani Erfan, Unicat’s former CEO, conspired with others, including at least one other Unicat employee, to cause Unicat to submit bids and make sales to customers in Iran, Venezuela, Syria, and Cuba in violation of U.S. economic sanctions. In total, Erfan caused Unicat to make a total of 23 unlawful sales of chemical catalysts used in oil refining and steel production to customers in Iran, Venezuela, and Cuba. Some of the sales were effected through exports of catalysts from the United States and further violated U.S. export control laws.

    To further the conspiracy, the conspirators made false statements in export documents and financial records about the true identities and locations of Unicat’s customers and falsely assured some Unicat employees that the company’s business with customers subject to U.S. economic sanctions was lawful. Unicat obtained approximately $3.33 million in revenue from its unlawful sales.

    Erfan and Unicat employees additionally falsified invoices to reduce the tariffs assessed on catalysts that Unicat imported from China. By undervaluing these imports, Unicat caused a loss of revenue of approximately $1.66 million in duties, taxes, and fees. Further, during negotiations to sell Unicat to White Deer, Unicat’s prior owners provided representations and warranties to White Deer attesting to Unicat’s compliance with U.S. sanctions and export control laws.

    The scheme came to light in June 2021, in the midst of the COVID-19 pandemic, after White Deer acquired Unicat and a second company based in the United Kingdom, and Unicat’s new CEO was able to travel to the United States to visit Unicat and begin to integrate the operations of the company. During his visit, the new CEO learned that Unicat had a pending transaction with an Iranian customer and immediately ordered the deal’s cancellation. Over the next month, White Deer and Unicat’s new CEO retained counsel to investigate, and learned that Unicat had engaged in a series of transactions with counterparties subject to different U.S. sanctions programs. Before the investigation was complete, but after determining that Unicat employees had engaged in potentially criminal violations of U.S. sanctions laws, White Deer and Unicat’s new management submitted a voluntary self-disclosure to NSD.

    Pursuant to the NPA, Unicat agreed to pay forfeiture totaling $3,325,052.10, representing the proceeds of its violations of U.S. sanctions and export control laws. In parallel resolutions coordinated between the Justice Department, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the Commerce Department’s Bureau of Industry and Security (BIS) Office of Export Enforcement (OEE), Unicat agreed to pay $3,882,797 to OFAC for its apparent violations of U.S. sanctions laws, and agreed with OEE to pay a penalty of $391,183 for its violation of U.S. export control laws. OFAC agreed to credit Unicat’s payment of forfeiture pursuant to the NPA against the OFAC penalty, and OEE has agreed to credit Unicat’s payment to OFAC against the OEE penalty. In a separate administrative resolution with U.S. Customs and Border Protection, Unicat agreed to pay $1,655,189.57, in underpaid duties, taxes, and fees.

    NSD and SDTX declined White Deer’s prosecution and entered into the NPA with Unicat after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations, the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy), and pursuant to the provisions of the NSD Enforcement Policy that apply to Voluntary Self-Disclosures in Connection with Acquisitions (the NSD M&A Policy).

    The NSD M&A Policy provides that when a company (1) completes a lawful bona fide acquisition of another entity, (2) voluntarily and timely self-discloses to NSD potentially criminal violations of laws affecting U.S. national security committed by the acquired entity, (3) fully cooperates with NSD’s investigation, and (4) timely and appropriately remediates the misconduct, NSD generally will not seek a guilty plea from the acquiror, and there is a presumption that NSD will decline to prosecute the acquiror. The NSD M&A Policy further provides that while a presumption of declination is not available to the acquired entity, NSD will credit the acquiror’s timely voluntary self-disclosure to the acquired entity and will consider whether the acquired entity otherwise satisfies the NSD Enforcement Policy’s requirements to obtain the benefits of the Policy.

    NSD and SDTX determined that White Deer’s acquisition of Unicat was a lawful bona fide acquisition, and that White Deer’s self-disclosure was timely under all of the relevant circumstances, including the COVID-19 pandemic and in the context of White Deer’s acquisition of Unicat and efforts to integrate the company’s operations into another acquired entity. White Deer and Unicat fully cooperated with the government’s subsequent investigation by proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. White Deer’s and Unicat’s cooperation materially assisted the government’s investigation, leading to the successful prosecution of Unicat’s former CEO. Unicat remediated the root cause of the misconduct in less than one year from the date of its discovery by terminating culpable employees, disciplining other employees involved in the misconduct, seeking reimbursement from Unicat’s sellers, and designing and implementing a comprehensive and robust internal controls and compliance program that has proven effective in practice at identifying and preventing similar potential misconduct.

    This resolution marks the first time since the creation of the Justice Department’s Mergers and Acquisitions Policy in March 2024 that the Department has declined the prosecution of an acquiror for self-disclosing criminal conduct discovered at an acquired entity.

    Trial Attorneys Adam P. Barry and Yifei Zheng of the National Security Division’s Counterintelligence and Export Control Section, and Assistant U.S. Attorney S. Mark McIntyre for the Southern District of Texas prosecuted the case.

    ICE-HSI, the Defense Criminal Investigative Service, and BIS investigated the case.

    MIL Security OSI –

  • MIL-OSI: Panther Launches PTR Token to Empower Ultra X, Building a Bridge for a Global AI Trading Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 16, 2025 (GLOBE NEWSWIRE) — In today’s increasingly complex and data-driven global financial markets, the integration of artificial intelligence (AI) and blockchain technology is reshaping the investment landscape. Traditional quantitative trading, reliant on human decisions and limited data analysis, struggles to meet the rapidly changing market demands. Meanwhile, investors are increasingly seeking efficient, transparent, and intelligent trading tools. Against this backdrop, the Panther Quantitative Think Tank Investment Center has emerged with its innovative Ultra X quantitative trading system and native token PTR. PTR is not only the core driving force of the Ultra X ecosystem but also serves as a bridge connecting investors, developers, and AI platforms, building a revolutionary global trading network and opening up new possibilities for wealth creation.

    PTR: The Core Link of the Ultra X Ecosystem

    The PTR token is the lifeblood of the Ultra X ecosystem, with a profound impact on creating and maintaining an AI-driven quantitative trading ecosystem. Ultra X is a cutting-edge trading system that integrates deep learning, big data analysis, and blockchain technology, supporting autonomous trading in stocks, gold, options, and cryptocurrencies (such as BTC, ETH, USDT, USDC). As a bridge within the ecosystem, PTR connects various stakeholders and drives every aspect from research and development to global promotion, ensuring Ultra X becomes the “super brain” of the financial market.

    The head of Panther’s R&D team stated, “PTR is the soul of the Ultra X ecosystem. It is not only the funding engine for technological innovation but also the key link for global investors to share success with Ultra X.”

    How PTR Shapes the Ultra X Ecosystem

    PTR’s unique position is reflected in the following core functions, highlighting its profound impact as an ecosystem bridge:

    • 1. Funding Link: Driving Technological Innovation

    PTR provides funding for Ultra X’s R&D, data acquisition, and global server deployment through decentralized financing. For example, PTR supports the system’s real-time analysis of massive data, ensuring Ultra X continues to evolve and maintain technological leadership.

    • 2. Incentive Bridge: Connecting Users and Value

    PTR holders enjoy advanced features of Ultra X, such as real-time monitoring of investment market directions and trends, dashboards for cryptocurrency capital flows (USDT, BTC, ETH, USDC), and exclusive trading strategy reports. Through a profit-sharing mechanism, holders can share in the profits after Ultra X’s market launch, directly participating in ecological value creation. This incentive model closely connects users and the platform.

    • 3. Governance Hub: Empowering Community Participation

    PTR is not just a trading tool; it grants governance rights to holders. In the future, holders will be able to vote on Ultra X’s feature upgrades or personalized services, building a community-driven ecosystem. This decentralized governance reinforces PTR’s position as an ecosystem bridge.

    • 4. Trust Foundation: Safeguarding User Interests

    Panther commits to fully compensating users if Ultra X’s recommended strategies result in losses, with a single compensation cap of 100%. This mechanism seamlessly connects user trust with platform responsibility through PTR’s bridging role, enhancing the ecosystem’s reliability.

    Advantages and Features of PTR

    • · Ecosystem Integration: PTR unites investors, developers, and AI technologies, creating a self-sustaining trading ecosystem that transcends traditional financial models.
    • · Global Connectivity: Supports the global promotion of Ultra X, covering regions such as the U.S., Canada, the UK, and Asia, with plans to launch on Google Play and the App Store to expand user reach.
    • · Transparency and Trustworthiness: Semi-annual independent audits of Ultra X performance and PTR usage details, coupled with strict AML/KYC policies and cold wallet storage, ensure fund security.
    • · Social Value: Panther donates 5% of Ultra X profits to educational and technological public welfare, reflecting the social responsibility of the PTR ecosystem.

    The Cornerstone of Trust and Transparency

    Panther reinforces the credibility of PTR and Ultra X through transparent operations. Monthly reports from independent audits publicly disclose trading performance and token usage, which users can access in real-time via the Panther official website (https://pqtic.com). Funds are managed by a third-party custodian, with PTR reserves stored in multi-signature cold wallets, preventing unauthorized access. Additionally, Panther’s market value management program ensures the healthy development of PTR prices through liquidity support and strategic partnerships, protecting the interests of early investors.

    PTR: The Connector of Financial Futures

    The PTR token serves as a link and bridge, transforming Ultra X into a global AI trading ecosystem. Whether providing funding for the system, incentivizing user participation, or empowering community governance, PTR is pushing the boundaries of financial technology. Supported by Ultra X, it analyzes market trends and social media sentiment to provide precise strategies, helping users succeed in a volatile market. As Panther accelerates global promotion and recruits regional sales agents, PTR is becoming a benchmark in fintech that connects technology and wealth.

    About Panther Quantitative Think Tank Investment Center

    Founded in 2017 and headquartered in New York, Panther is a pioneer in AI-driven quantitative trading. Its flagship product, Ultra X, integrates deep learning, natural language processing, and blockchain technology to provide intelligent trading solutions. With a global network of partners, Panther is committed to reshaping the future of wealth creation.

    Website: https://pqtic.com/

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

  • MIL-OSI USA: Reps. Kim, Garbarino Statement on Preserving SALT Deal

    Source: United States House of Representatives – Representative Young Kim (CA-39)

    Washington, DC – Today, SALT Caucus R Co-Chairs Reps. Young Kim (CA-40) and Andrew Garbarino (NY-02) released a statement on reports that the Senate Finance Committee maintains a $10,000 SALT cap in its version of reconciliation bill text:

    “We have been crystal clear that the SALT deal we negotiated in good faith with the Speaker and the White House must remain in the final bill. It not only upholds President Trump’s commitment to raise the SALT cap, but has been praised by middle-class families, firefighters, law enforcement, small business owners, and hardworking Americans across the country. Instead of undermining the deal already in place and putting the entire bill at risk, the Senate should work with us to keep our promise of historic tax relief and deliver on our Republican agenda,” said Kim and Garbarino.

    MIL OSI USA News –

  • MIL-OSI: Middlefield Concludes Mutual Fund Risk Rating Review

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — Middlefield Group (“Middlefield”) announced today that it has concluded the risk rating review of its Mutual Funds. The risk rating of Middlefield Innovation Dividend Class has been increased from Medium to Medium-to-High, and the risk rating of Middlefield Global Infrastructure Fund has been increased from Low-Medium to Medium. These changes are reflected in the Prospectus and the respective Fund Facts dated June 16, 2025. The risk rating change is effective immediately and is based on the risk classification methodology mandated by the Canadian Securities Administrators, in accordance with National Instrument 81-102 Investment Funds.

    Middlefield reviews the risk rating of the Mutual Funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are not the result of any changes to the investment objectives, strategies, or management of the respective Funds.

    Copies of the Prospectus and further information about any of our Mutual Funds are available by visiting our website at www.middlefield.com or contacting Nancy Tham in our Sales and Marketing Department at 1.888.890.1868.

    About Middlefield

    Founded in 1979, Middlefield is a specialist and independent equity income manager headquartered in Toronto, Canada. Middlefield’s actively managed, award-winning funds are designed to be “investments that work for you” by distributing consistent and high levels of income through various market cycles. Middlefield’s funds span a number of market sectors including real estate, healthcare, innovation, sustainability, infrastructure and energy. Investors can access these strategies in a variety of product types including ETFs, Mutual Funds, Closed-End Funds, Split-Share Funds and Flow-through LPs.

    Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: PCM Encore Surpasses $1.2 Billion in Client Assets, Expands Nationwide in First Six Months Serving External Families

    Source: GlobeNewswire (MIL-OSI)

    Built over five years as a single family office, PCM Encore opened to other families six months ago and now manages over $1.2 billion. With 57 families onboard, the firm continues expanding its advisor network and direct investment capabilities across the country.

    Photo Credit PCM Encore

    BELLEVUE, Wash., June 16, 2025 (GLOBE NEWSWIRE) — PCM Encore today announced that it has exceeded $1.2 billion in assets under management, just six months after opening its platform to outside families. Originally founded as a single family office, PCM Encore has spent the past five years building a robust, institutional-grade wealth management platform. The firm now serves 57 families across the United States.

    PCM Encore provides a comprehensive suite of investment, tax, estate, and family office services tailored to the needs of sophisticated families. The platform emphasizes long-term partnership, after-tax return optimization, and access to high-quality private and public investment opportunities.

    Key Milestones Achieved in the First Six Months:

    PCM Encore’s early growth reflects rising demand among wealthy families for a more personalized alternative to traditional wirehouse and RIA offerings. With over $1.2 billion in client AUM, the firm is focused on sustainable, relationship-driven expansion.

    • Built out a team of registered advisors based in: Aspen, Charlotte, Dallas, Denver, and Seattle
    • Developed a direct investment team based in Menlo Park
    • Opened an additional office in Miami
    • Onboarded 57 families to the PCM Encore platform
    • Expanded team to more than 15 professionals, including experts in investment management, technology, compliance, and client advisory
    • Delivered comprehensive services, including tax and estate planning, family office solutions, and portfolio optimization
    • Facilitated client access to a broad array of leading fund managers and investment strategies, including: Direct Indexing, Private Credit, Private Real Estate, Private Infrastructure, Private Equity, Venture Capital

    Tax Alpha In a Volatile Market

    PCM Encore’s tax-aware investing approach has helped clients outperform even in a stagnant market. During the volatility following April’s “Liberation Day” tariff announcements, the firm’s investment team deployed aggressive tax loss harvesting strategies. While major indices like the S&P 500 were flat year-to-date through May, PCM Encore clients ended the period meaningfully ahead on an after-tax basis.

    “Especially in environments like this, after-tax returns are what separate smart portfolios from the rest,” said Bradford Lin, Principal at PCM Encore and former KKR private equity executive. “By capturing losses tactically and reinvesting, we’ve delivered tax alpha that compounds over time—even when the market goes nowhere.”

    The firm reported over 1% in tax alpha in Q1, with early Q2 data pointing to even stronger results. Past performance is not indicative of future results. Tax alpha results may vary based on individual circumstances and market conditions.

    Institutional Investment Platform with a Proven Track Record

    PCM Encore offers families access to a carefully curated suite of private and public investment opportunities, along with proprietary diligence, ongoing monitoring, and operational support.

    Notable recent outcomes include:

    • A successful exit from Vector, a trucking and logistics software company, at a nine-figure valuation, where PCM Encore was a seed investor and board member
    • In partnership with ACG and Prudential, breaking ground on the first major multifamily development project of 2025 in the Seattle metro area

    These results highlight the firm’s ability to originate and execute investments across various asset classes while aligning with client portfolios.

    Building a Team for Long-Term Success

    PCM Encore was founded by Michael Paulus, a seasoned growth investor and entrepreneur with a track record of building companies at scale. The firm’s team has grown to include professionals with backgrounds in investment management, technology, compliance, and client service. PCM Encore’s leadership includes:

    • Bradford Lin, Direct Investments Principal and former KKR private equity executive
    • John Shepard, Chief Technology Officer and former Microsoft executive
    • Sam Rice, Chief Compliance Officer
    • Andrew Weiss, Chief Marketing Officer

    The firm remains focused on expanding its platform and deepening relationships with families nationwide.

    “We’ve spent years building PCM Encore for our own family,” Paulus added. “Now, we’re honored to be a trusted partner to other families who share our long-term mindset and value the same high standards that we do.”

    Visit PCM Encore website to learn more about PCM Encore’s services and locations.

    About PCM Encore

    PCM Encore is a technology-forward, independent fiduciary financial advisor serving ultra-high-net-worth individuals, trusts, and family offices. The firm combines a personalized, client-first approach with institutional investment access, proprietary strategies, and deep expertise in tax and estate planning. PCM Encore is headquartered in Bellevue, Washington, with advisors and investment professionals based in Aspen, Charlotte, Dallas, Denver, Seattle, and Menlo Park.

    Contact Information:

    Contact Person’s Name: Michael Paulus
    Organization / Company: PCM Encore
    Company website: https://encoreinvestment.com/
    Contact Email Address: hello@encoreinvestment.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8268d15a-8f5f-4987-862a-1a16eb873dde

    The MIL Network –

  • MIL-OSI Security: Rapid surrender of high-profile murder suspect from Greece to Italy coordinated by Eurojust

    Source: Eurojust

    The suspect in a high-profile murder case can be surrendered from Greece to Italy, due to a rapid judicial support action coordinated by Eurojust. Close cooperation via the Agency ensured that a European Arrest Warrant (EAW) could be issued in time, in order to keep the suspect detained in Greece. The detained person is suspected of the murder of an infant girl in the Villa Doria Pamphili park in Rome a week ago.

    Investigations indicated an American citizen as the alleged suspect of the murder, which led to public indignation in Italy. The body of the alleged mother of the young child was also found in the park last week, but the cause of her death has not yet been officially ascertained.

    The Italian State Police, coordinated by the Public Prosecutor’s Office of Rome, managed to trace the suspect travelling to the Greek island of Skiathos last Thursday. In close cooperation with their Italian counterparts, the Greek police were able to apprehend him the following day.

    The rapid issuance and timely execution of an EAW were essential to detain the American citizen. This was arranged through close and immediate cooperation between the Italian and Greek National Desks at the Agency, after the national authorities had requested their assistance.

    The suspect is currently still in detention in Greece, as he did not consent to a surrender to Italy. The Council of the Court of Appeals of Larissa will decide in the coming days on the procedure regarding his surrender to Italy.

    The investigations and actions on the ground were carried out at the request of and by the following authorities:

    • Italy: Public Prosecutor’s Office (PPO), Rome; State Police, Rome (Mobile Squad and Central Operations Service); SIRENE Bureau of Italy
    • Greece: PPO Court of Appeals, Larissa; PPO Court of First Instance, Volos; Police Department, Skiathos; SIRENE Bureau of Greece

    MIL Security OSI –

  • MIL-OSI Banking: Services Council spotlights good regulatory practices, advances discussions on other issues

    Source: WTO

    Headline: Services Council spotlights good regulatory practices, advances discussions on other issues

    On 10 June, members also participated in an event under the “Simply Services” series, which serves as an informal platform for sharing the latest developments in trade in services (see below).
    Thematic session on good regulatory practices
    An informal thematic session on good regulatory practices (GRPs) was held on 12-13 June, as agreed at the March meeting of the Council for Trade in Services. GRPs for services trade refer to approaches to designing and implementing regulations aimed at achieving better regulatory outcomes. Discussions focused on measures such as increased transparency, including through stakeholder engagement, streamlining and digitalizing authorization processes, and promoting impartial and independent regulatory decision-making.
    The session featured extensive experience-sharing. The WTO Secretariat provided a broad overview of GRPs in services trade, including their role in regional trade agreements and their economic benefits. International organizations and regional economic fora — including the Organisation for Economic Co-operation and Development (OECD), the World Bank, United Nations Trade and Development (UNCTAD), the Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN) Secretariat, and the International Trade Centre (ITC) — shared data demonstrating how effective design and implementation of GRPs can boost both trade and economic growth. They also emphasized the importance of addressing implementation gaps between high- and low-income countries through capacity building, institutional strengthening, and more inclusive stakeholder engagement.
    Several members, including Australia, China, the European Union, Hong Kong China, the Philippines, the Republic of Korea, and the United Kingdom, as well as other organizations, presented national experiences in leveraging GRPs to facilitate services trade. They highlighted domestic reforms to simplify procedures, reduce regulatory burdens, and improve regulatory quality, including through digital tools, single online portals, regulatory impact assessments, and enhanced stakeholder engagement. The importance of predictability, proportionality, inter-agency coordination, and outcome-focused regulation was underscored, alongside efforts to foster innovation, facilitate cross-border trade, and strengthen regulatory cooperation.
    Members reflected on the key takeaways from the session, emphasizing the rich discussions and valuable insights shared. Several noted that GRPs not only support international trade but also enhance domestic competitiveness and consumer welfare. The role of GRPs in strengthening crisis preparedness and resilience was also emphasized, with examples showing how transparent, predictable and streamlined regulatory frameworks can support faster and more effective responses in times of emergency.
    There was broad recognition of the role that international commitments, such as WTO members’ recent adoption of disciplines on services domestic regulation and regional trade agreements, play in providing a stable framework for consolidating domestic reforms aimed at improving the domestic business environment. Members expressed interest in continuing experience-sharing and peer learning. They also encouraged other members to adopt WTO disciplines on services domestic regulation to sustain reform efforts and promote services trade. 
    At the close of the session, the Chair of the Council for Trade in Services, H.E. Ambassador Ram Prasad Subedi (Nepal), emphasized that the depth and quality of GRP implementation by ministries and regulatory authorities is essential, with regulatory reforms representing an ongoing process informed by experience, evolving capacities and changing circumstances. He underlined the value of peer learning and regular exchanges on regulatory innovation, as well as the role that technical assistance can play in supporting members’ reform efforts.
    Responding to ministerial mandates
    Members continued efforts to advance the instruction in the 2024 Ministerial Declaration to reinvigorate work on trade in services and facilitate greater participation of developing members in services trade.
    The African, Caribbean and Pacific (ACP) Group introduced a submission on the role of services trade in responding to crises and resilience-building, as well as on the challenges faced by developing members in realizing the full potential of services trade. Members supported deepening work on the ACP Group’s proposal, with some suggesting a thematic session for further discussions.
    Barbados, South Africa, and the United Kingdom also presented a proposal for a thematic session on the green services economy and sustainable development. Members agreed in principle to organize an informal experience-sharing session in December, contingent on agreeing on an acceptable outline, to further explore the opportunities and challenges of leveraging services trade to deliver on environmental objectives. Suggestions were made on possible topics and speakers.
    As previously agreed at the March meeting, the Council is scheduled to organise an informal thematic session on the recognition of professional qualifications in October, subject to convergence on the session’s outline.
    Participation of least-developed countries in services trade
    Members received an update by the WTO Least Developed Countries (LDC) Group regarding its request to conduct a survey, hosted on the WTO website, to collect information on how their service suppliers engage with consumers and businesses in other economies. The LDC Group reported on ongoing consultations with a member who has maintained reservations about the request since the March meeting.
    The Group reaffirmed the importance of the survey in supporting LDCs’ participation in services trade, in line with the ministerial mandate to operationalize the “LDC Services Waiver,” adopted at the 8th Ministerial Conference in 2011.
    Engagement between the members concerned will continue to reach consensus on the issue.
    Services trade concerns
    The Council addressed issues related to recent unilateral tariff measures. China noted the need to consider overall trade balances, that include services trade, when setting trade policy. It also expressed concerns about the impact of US “reciprocal” tariffs on global supply chains and underscored the importance of multilateral collaboration under the WTO. The latter point in particular was echoed by other members. The United States said that, in contrast to the openness of its service markets, China maintained many restrictions and uncompetitive practices in numerous services sectors.
    Members also reverted to previously raised specific trade concerns. Japan and the United States repeated their concerns over cybersecurity measures implemented by China and Viet Nam, with several members echoing these concerns.
    China reiterated its concerns regarding certain US services measures and India’s measures affecting mobile applications.
    Trade in financial services
    On 11 June, the Committee on Trade in Financial Services appointed Mr. Will Nixon of Australia as its new Chair.
    Members focused on a proposal to organize an informal thematic session on “Facilitating Digital Payment Systems and Remittance Services”, building on the original proposal submitted by China, India, Pakistan, and the Philippines, which was first reviewed at the March meeting. The proposal covers three main topics: developing robust digital payment systems, ensuring interoperability of payment systems, and facilitating cross-border remittances.
    The Committee agreed to consider the latest version of the draft agenda put forward by China and the Philippines. Unless any objections are raised by 20 June 2025, the proposal will be automatically adopted. If approved, the session will take place alongside the next cluster of services meetings scheduled for 29 September to 3 October.
    The Committee also discussed a new submission by Morocco (S/FIN/W/103) on reducing the costs of cross-border remittances. Morocco emphasized the strategic importance of remittances for the economic and social development of developing members and called for multilateral cooperation to improve remittance transfers, reduce costs, and enhance transparency. It also expressed its intent to bring this issue to the 14th Ministerial Conference (MC14) in March 2026. Members agreed to continue discussions at the next Committee meeting.
    Classification of environmental services
    At its 11 June meeting, the Committee on Specific Commitments confirmed Mr. Sirapat Vajraphai of Thailand as its new Chair. The Committee is one of the subsidiary bodies of the Services Council.
    Discussions focused on the classification of environmental services. Building on previous discussions regarding the Agreement on Climate Change, Trade and Sustainability (ACCTS) and its contributions to defining and classifying environmental services, the United Kingdom presented its new analysis (S/CSC/W/80), comparing the APEC Reference List and the ACCTS List. Delegates welcomed the UK’s analysis as a valuable foundation for further work and expressed interest in continued engagement on this issue.
    Members also revisited Canada’s proposal (S/CSC/W/77) for an informal experience-sharing session on services classification related to the environment. They agreed to hold the session in October alongside the next services cluster of meetings.
    Recent developments in services trade policy
    An event held on 12 June, entitled “Services Unbound — Digital Technologies and Policy Reform in East Asia and the Pacific,” addressed the region’s challenges, particularly barriers to competition in key services that hinder innovation. Participants also called for deeper domestic reforms and stronger international cooperation.
    The event was organized by the WTO’s Trade in Services and Investment Division as part of the “Simply Services” speaker series, an informal platform for sharing the latest information on services trade trends. The webcast of the event is available here.

    Share

    MIL OSI Global Banks –

  • MIL-OSI Banking: Verizon to report 2Q earnings July 21, 2025

    Source: Verizon

    Headline: Verizon to report 2Q earnings July 21, 2025

    NEW YORK, N.Y. – Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report second-quarter 2025 earnings on Monday, July 21, 2025. The company will present results on a webcast beginning at 8:30 a.m. Eastern Time. Second-quarter 2025 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, https://www.verizon.com/about/investors. These materials will include:

    • Detailed information on Verizon’s second quarter results, including a recording and transcript of management’s commentary;
    • Verizon’s earnings news release; and
    • Financial tables.

    MIL OSI Global Banks –

  • MIL-OSI Security: Mexican National Charged with Kicking Federal Agent During Immigration Inspection

    Source: US FBI

    BROWNSVILLE, Texas – A 37-year-old Mexican woman living in San Benito has been charged with assaulting an agent with Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI), announced U.S. Attorney Nicholas J. Ganjei.

    Maria Isabel Cruz-Salas is expected for her next hearing before U.S. Magistrate Judge Karen Betancourt June 18 at 11:15. She is currently in custody.

    The criminal complaint filed June 10 alleges Cruz-Salas assaulted a federal officer during a worksite immigration inspection in San Benito.

    According to the charges, authorities were conducting a lawful enforcement operation June 9 at Taqueria El Mante, where they discovered Cruz-Salas. As an HSI agent attempted to detain her, she allegedly kicked him in the face.

    If convicted, she faces a maximum of eight years in federal prison and a possible $250,000 maximum fine.

    ICE-HSI and FBI are conducting the investigation. Assistant U.S. Attorney David Coronado is prosecuting the case. 

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

    A criminal complaint is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

  • MIL-OSI Security: Mexican National Charged with Kicking Federal Agent During Immigration Inspection

    Source: US FBI

    BROWNSVILLE, Texas – A 37-year-old Mexican woman living in San Benito has been charged with assaulting an agent with Immigration and Customs Enforcement – Homeland Security Investigations (ICE-HSI), announced U.S. Attorney Nicholas J. Ganjei.

    Maria Isabel Cruz-Salas is expected for her next hearing before U.S. Magistrate Judge Karen Betancourt June 18 at 11:15. She is currently in custody.

    The criminal complaint filed June 10 alleges Cruz-Salas assaulted a federal officer during a worksite immigration inspection in San Benito.

    According to the charges, authorities were conducting a lawful enforcement operation June 9 at Taqueria El Mante, where they discovered Cruz-Salas. As an HSI agent attempted to detain her, she allegedly kicked him in the face.

    If convicted, she faces a maximum of eight years in federal prison and a possible $250,000 maximum fine.

    ICE-HSI and FBI are conducting the investigation. Assistant U.S. Attorney David Coronado is prosecuting the case. 

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

    A criminal complaint is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL Security OSI –

  • MIL-OSI: Picton Mahoney Asset Management Announces Monthly Distribution for PICTON Long Short Income Alternative Fund Exchange Traded Fund Units, PICTON Credit Opportunities Alternative Fund Exchange Traded Fund Units, PICTON Core Bond Fund Exchange Traded Fund Units, PICTON Multi-Strategy Alpha Alternative Fund Exchange Traded Fund Units and PICTON Investment Grade Alternative Fund Exchange Traded Fund Units

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 16, 2025 (GLOBE NEWSWIRE) — (TSX: PFIA, PFSS, PFCB, PFAA, PFIG) Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0351 per unit for the ETF units (“ETF Units”) of the PICTON Long Short Income Alternative Fund (formerly Picton Mahoney Fortified Income Alternative Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0498 per unit for the ETF Units of the PICTON Credit Opportunities Alternative Fund (formerly Picton Mahoney Fortified Special Situations Alternative Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0321 per unit for the ETF Units of the PICTON Core Bond Fund (formerly Picton Mahoney Fortified Core Bond Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0020 per unit for the ETF Units of the PICTON Multi-Strategy Alpha Alternative Fund (formerly Picton Mahoney Fortified Alpha Alternative Fund).

    Picton Mahoney Asset Management announced today that it has declared the June 2025 monthly cash distribution of $0.0503 per unit for the ETF units of the PICTON Investment Grade Alternative Fund (formerly Picton Mahoney Fortified Investment Grade Alternative Fund).

    Unitholders of record of the ETF Units, at the close of business on June 20, 2025, will receive a per-unit cash distribution payable on June 30, 2025.

    About Picton Mahoney Asset Management

    Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments.

    Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management boutique entrusted with over $14.5 billion (as at May 31, 2025) in assets under management. Pioneers of Authentic Hedge® investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country.

    Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

    For further information please contact:

    Arthur Galloway
    Picton Mahoney Asset Management
    Tel: (416) 955-4108
    Web site: www.pictoninvestments.com
    Email: invest@pictoninvestments.com

    The MIL Network –

  • MIL-OSI Asia-Pac: Invest Hong Kong fosters mutual engagement through successful delegations to Gulf Cooperation Council region (with photos)

    Source: Hong Kong Government special administrative region

    Invest Hong Kong fosters mutual engagement through successful delegations to Gulf Cooperation Council region
         The delegation comprised leaders from prominent financial services and fintech companies, founded locally, in Mainland China or overseas with operations in Hong Kong. They participated in high-level strategic meetings with senior management of local government organisations, chambers of commerce, sovereign wealth funds, private equity partners and tech incubators, facilitated by InvestHK.

         The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said, “In today’s evolving global economy, Hong Kong has showcased its irreplaceable strategic value as a ‘super connector’. Our city’s unique advantage lies in its ability to effectively connect the East with the West and the Global South. At InvestHK, we are continuously strengthening our core role in facilitating business connectivity, with a firm commitment to delivering value-added services to Mainland and overseas companies looking to establish themselves in Hong Kong and expand globally. We recognise opportunities in high-potential markets, such as the GCC region, which are actively diversifying their economies through innovations. By partnering with InvestHK, companies can effectively access these competitive markets with the government support.”   

         Bridging markets and transforming outcomes: turning vision into action

         The Global Head of Financial Services, FinTech & Sustainability at InvestHK, Mr King Leung, added, “Our support for the delegation was very results driven, opening essential government-to-government (G2G) and business-to-business doors for them. Leveraging our in-depth understanding of each participating company, we successfully showcased Hong Kong as an efficient platform for connecting high-quality enterprises, earning broad recognition from local governments, businesses, and investors across the GCC region. This growing collaboration and trust are built on aligning the right expertise, the right people, and the right connectors. Together, we are creating meaningful bridges that transform relationships into tangible business outcomes.”

         Over the past two years, companies such as EvidentGroup, LianLian Global, Lingfeng Capital, OneDegree, 4Paradigm, Libertify and more participated in the delegations. Delegates acknowledged that remarkable results would not have been possible without opportunities and connections provided by the Hong Kong Special Administrative Region (HKSAR) Government.

         For Evident Group, a highlight was an MOU signing with Zand Bank, the UAE’s AI-powered bank, licensed by the Central Bank of the UAE, which Evident first connected with during last year’s delegation visit. The MOU signifies a commitment to develop a strategic collaboration, aimed at delivering innovative alternative investment solutions for Zand Bank’s private wealth clients. The goal is to leverage Evident’s secure, cutting-edge digital market infrastructure to facilitate access to alternative investments such as private equity secondaries, private credit, and tokenised infrastructure. This collaboration pioneers a new model, demonstrating how the digitalisation of private markets enhances Hong Kong’s role in linking global private wealth with unique investment opportunities.

         LianLian Global regards Hong Kong as a key hub for expanding its global ecosystem, particularly in the GCC region. Through InvestHK delegations, it forged key G2G ties, most notably with the Central Bank of the UAE, unlocking strategic opportunities in the region. At the Dubai FinTech Summit, LianLian reached a cooperation agreement with Lulu Money to extend its payment gateway services into Mainland China. Leveraging Hong Kong as a fund hub, it also addressed cross-border trade challenges between China and the Middle East and North Africa region. In one case, LianLian facilitated a procurement and payment solution for a company purchasing electric vehicles from China, streamlining transactions for both buyer and manufacturer.

         Lingfeng Capital has obtained its approved-in-principle from the Financial Services Regulatory Authority as a licensed fund manager in the UAE and established operations in Abu Dhabi as its regional headquarters after identifying opportunities during the first delegation visit last year. This year, Lingfeng Capital is further engaging with key partners and initiating the setup of a fund in Abu Dhabi to support portfolio companies from Hong Kong, Mainland and other international markets expanding into the GCC region.

         OneDegree has been recognised by GCC government officials for its industry-leading digital asset insurance offerings. Following an investment from Dubai Insurance, OneDegree is set to provide digital asset insurance in the UAE, having received approval from the Central Bank of the UAE through partnership with Dubai Insurance Co. In addition, Walaa is supplying reinsurance capital for OneDegree’s global digital asset book. A pivotal milestone was a private meeting with senior management of the Insurance Authority of Kingdom of Saudi Arabia during the delegation visit last year.

         Connecting the East with the West and the Global South

         The 2025 delegation led by InvestHK built on the solid foundation laid by the HKSAR Government officials during earlier trip to focus on driving tangible business results, further solidifying Hong Kong’s position as an outward-facing, globally connected economy. The success of these delegations reaffirms Hong Kong’s position as a “super connector” and “super value-adder” to the world, where innovation and strategic dialogue forge robust pathways for two-way economic growth. With tangible results achieved across sectors, InvestHK continues to empower enterprises to “go global” through Hong Kong. Looking ahead, these achievements will lay the foundation for transformative regional collaborations that will benefit Hong Kong and contribute to national policies supporting global trade and investment, further deepening international exchanges and co-operation.
    Issued at HKT 18:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Agenda – Tuesday, 17 June 2025 – Strasbourg

    Source: European Parliament

    34 Combating the sexual abuse and sexual exploitation of children and child sexual abuse material and replacing Council Framework Decision 2004/68/JHA (recast)
    Jeroen Lenaers (A10-0097/2025)      – Amendments; rejection Wednesday, 11 June 2025, 13:00 50 Amending Regulation (EU) No 228/2013 as regards additional assistance and further flexibility to outermost regions affected by severe natural disasters and in the context of cyclone Chido devastating Mayotte     – Amendments; rejection Friday, 13 June 2025, 12:00     – Requests for “separate”, “split” and “roll-call” votes Monday, 16 June 2025, 19:00 36 Electoral rights of mobile Union citizens in European Parliament elections
    Sven Simon (A10-0090/2025)      – Amendments Wednesday, 11 June 2025, 13:00 30 Amendments to Parliament’s Rules of Procedure concerning the declaration of input (Article 8 of Annex I to the Rules of Procedure)
    Sven Simon (A10-0086/2025)      – Amendments Wednesday, 11 June 2025, 13:00 16 Strengthening rural areas in the EU through cohesion policy
    Denis Nesci (A10-0092/2025)      – Amendments by the rapporteur, 71 MEPs at least; Alternative motions for resolutions Wednesday, 11 June 2025, 13:00 28 Financing for development – ahead of the Fourth International Conference on Financing for Development in Seville
    Charles Goerens (A10-0101/2025)      – Amendments by the rapporteur, 71 MEPs at least; Alternative motions for resolutions Wednesday, 11 June 2025, 13:00 26 Implementation report on the Recovery and Resilience Facility
    Victor Negrescu, Siegfried Mureşan (A10-0098/2025)      – Amendments Wednesday, 11 June 2025, 13:00 19 The Commission’s 2024 Rule of Law report
    Ana Catarina Mendes (A10-0100/2025)      – Amendments by the rapporteur, 71 MEPs at least, Alternative motions for resolutions Wednesday, 11 June 2025, 13:00 25 2023 and 2024 reports on Montenegro
    Marjan Šarec (A10-0093/2025)      – Amendments Wednesday, 11 June 2025, 13:00 17 2023 and 2024 reports on Moldova
    Sven Mikser (A10-0096/2025)      – Amendments Wednesday, 11 June 2025, 13:00 Separate votes – Split votes – Roll-call votes Texts put to the vote on Tuesday Friday, 13 June 2025, 12:00 Texts put to the vote on Wednesday Monday, 16 June 2025, 19:00 Texts put to the vote on Thursday Tuesday, 17 June 2025, 19:00 Motions for resolutions concerning debates on cases of breaches of human rights, democracy and the rule of law (Rule 150) Wednesday, 18 June 2025, 19:00

    MIL OSI Europe News –

  • MIL-OSI Europe: Why is there a housing crisis and how do we fix it?

    Source: European Investment Bank

    Anselm Leahy sits at a table in the white, pristine kitchen of his new Dublin apartment. “When I first came into the apartment, I was astonished. I couldn’t believe it,” he says, gesturing toward a big bay window in the living room that overlooks nearby houses and green fields. “I was over the moon.”

    The apartment is part of new social housing built by the Focus Ireland Association, a state-run institution that provides loans to developers building affordable homes across the country. Leahy moved in just under two years ago, ending a spell of homeless that began with the death of his father and his mother’s subsequent move into a retirement home. “My will to live was very, very low,” Leahy says. “To get this apartment has changed me in lots of different ways: mentally, physically, spiritually. I feel human again. I feel like I have a future. I have hope.”

    Cities like Dublin suffer from a shortage of affordable housing that has blocked many people – the unemployed, low-income families, migrants and young workers – out of the market. Over the past 15 years, average rents in the European Union have risen by one-quarter and house prices by half, while one in ten Europeans now spend 40% or more of their disposable income on housing.

    At the same time, the share of social housing in total supply has shrunk since 2010, even though the number of vulnerable people such as the homeless or new migrants has risen. Half of Europe’s housing stock was built before 1980, and much of it needs to be renovated. Many buildings are energy inefficient (a rating of D or worse). Bringing those homes and apartments up to new EU standards will be expensive and slow.

    The lack of affordable housing translates into real hardship: young people put off starting families, students turn down the best universities, essential workers like teachers or nurses don’t accept jobs in in major cities – all because they are priced out of housing.

    “These people and their stories provide living proof of the housing crisis and the impact it has on Europe,” said Dan Jørgensen, the EU Commissioner for Energy and Housing, at a housing event hosted by the European Investment Bank (EIB) in early March. “It threatens social justice and social cohesion … It weakens our economy and reduces our competitiveness.”

    The problem is clear: Over the last decade or so, housing demand has outstripped supply and incomes haven’t kept up with prices. The solution, however, is much more complicated. The European Union needs to build almost one million new dwellings. That requires:

    • innovative, faster and less costly ways of building;
    • regulatory reform to speed up permitting and to create the investment framework for housing providers to deliver affordable new apartments and homes;
    • financing solutions that encourage residential development and renovation. 

    “We need to enhance the housing supply while also making better use of the stock we already have,” says Chiara Fratto, a European Investment Bank economist who researches housing issues.

    MIL OSI Europe News –