Category: Finance

  • MIL-OSI Security: Ecuadorian man pleads guilty, sentenced for illegal re-entry

    Source: Office of United States Attorneys

    BUFFALO, N.Y.-U.S. Attorney Michael DiGiacomo announced today that Luis Castro Mayancela, 24, a citizen of Ecuador, pleaded guilty before U.S. District Judge Lawrence J. Vilardo to re-entry after prior removal, and was sentenced to time served. Mayancela was then turned over to Immigration and Customs Enforcement.

    Assistant U.S. Attorney Sasha Mascarenhas, who handled the case, stated that in April 2019, Mayancela, who had no legal status in the United States, was arrested and detained by United States Border Patrol agents in Palo Pinto County, Texas. In December 2019, he was physically removed from the United States. On March 26, 2025, Mayancela was found in Genesee County. He was a passenger in a vehicle stopped by Department of Homeland Security agents and did not have any documents allowing him to be legally present in the United States.

    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.

    The plea and sentencing are the result of an investigation by Homeland Security Investigations, under the direction of Special Agent-in-Charge Erin Keegan, and Immigration and Customs Enforcement, Emergency Removal Operations, under the direction of Acting Field Office Director Steven Kurzdorfer.

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    MIL Security OSI

  • MIL-OSI Security: Hopkinsville, Kentucky Man Sentenced to 9 Years in Federal Prison for Fentanyl Trafficking Conspiracy and a Supervised Release Violation

    Source: Office of United States Attorneys

    Paducah, KY – A Hopkinsville, Kentucky man was sentenced on June 11, 2025, to a total of 9 years in federal prison for conspiring to traffic in fentanyl and violating his federal supervised release.

    U.S. Attorney Kyle G. Bumgarner of the Western District of Kentucky, Special Agent in Charge Jim Scott of the DEA Louisville Field Division, U.S. Postal Inspector in Charge Lesley Allison of the Pittsburgh Division, and Chief Jason Newby of the Hopkinsville Police Department made the announcement.

    According to court documents, on January 12, 2024, Jamie A Harris, 47, obtained a shipment of fentanyl pills that he intended to distribute. The DEA lab confirmed the presence of more than 40 grams of a mixture and substance containing a detectible amount of fentanyl.   

    As a result of his conduct, Harris was sentenced to 8 years in federal prison, followed by 4 years of supervised release, for one count of conspiracy to possess with intent to distribute fentanyl. Harris was sentenced to an additional 1 year in federal prison for a violation of his federal supervised release from a previous federal conviction.

    There is no parole in the federal system.

    This case is being investigated by the DEA Paducah Post of Duty, the United States Postal Inspection Service, and the Hopkinsville Police Department Special Investigations Unit.

    Assistant U.S. Attorney Leigh Ann Dycus, of the U.S. Attorney’s Paducah Branch Office, prosecuted 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 (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).

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    MIL Security OSI

  • MIL-OSI Security: Cartel Enforcer Sentenced to 28 Years for Drug Trafficking and Violence

    Source: Office of United States Attorneys

    SAN DIEGO – Edgar Herrera Pardo, aka Caiman, an admitted violent cartel enforcer who ordered the killing of a Tijuana police officer, was sentenced in federal court today to 28 years in prison for trafficking large quantities of methamphetamine and heroin into the United States.

    Herrera Pardo was indicted in the Southern District of California on April 10, 2019, as a leader of a group known as Los Cabos, which operated in Baja California to secure control of the region for Cártel de Jalisco Nueva Generación, commonly known as CJNG, one of the most violent criminal organizations in the world. Los Cabos employed rampant violence to ensure that CJNG maintained the ability to traffic drugs through Tijuana and into the United States.

    President Trump’s Executive Order 14157 designated CJNG as a Foreign Terrorist Organization and the Secretary of State subsequently designated the same on February 20, 2025. Executive Order 14157 recognized that cartels such as CJNG have “engaged in a campaign of violence and terror throughout the Western Hemisphere.” Los Cabos had a direct role in that terror, by abducting and killing enemies of CJNG, and then hanging so called “narco banners” bragging about their violence and warning others who would dare to defy the cartel.

    Herrera Pardo’s calling card was violence. According to his plea agreement and the government’s sentencing memo, the defendant admitted that:

    • On September 9, 2018, he ordered the murder of a police officer in Tijuana, telling a co-conspirator “I want a dead (body) in the Segunda (street).” He provided the co-conspirator an AR-15 and further assistance.
    • On October 5, 2018, Herrera Pardo ordered a co-conspirator to pick up cartel rivals who had provided information about CJNG to law enforcement officials.
    • On November 12, 2018, Herrera Pardo told a co-conspirator that he would send a group of enforcers to kidnap and kill rivals.
    • On November 20, 2018, Herrera Pardo discussed locating and killing former members of CJNG who had switched allegiances to a rival cartel. In all, investigators intercepted a group chat of Los Cabos – led by Herrera Pardo – wherein they discussed well over 100 murders.

    “My Day One pledge in creating our office’s Narcoterrorism Unit was to make this the District where cartel members will receive the full measure of justice,” said U.S. Attorney Adam Gordon. “This cartel sicario ordered brutal killings to instill terror and crush opposition. The cartel he served earned its designation as a foreign terrorist organization for a reason: its reach and ruthlessness rivaled that of any terror group. But today, his reign of terror has come to an end.”

    “Today’s sentencing sends a clear message: those who use violence and fear to advance the deadly operations of drug cartels will be held accountable,” said DEA Special Agent in Charge Brian Clark. “Herrera was not just a drug trafficker, he was an enforcer, a key instrument of intimidation and brutality. The DEA remains committed in its mission to dismantle these criminal networks and protect our communities from the violence and addiction they bring.”

    This case is being prosecuted by Assistant U.S. Attorney Kyle Martin of the U.S. Attorney’s Office’s Narcoterrorism Unit. The Justice Department’s Office of International Affairs provided critical assistance in securing the arrest and extradition of Herrera Pardo.

    DEFENDANT                                               Case Number: Case Number: 19CR1274-BAS

    Edgar Herrera Pardo aka Caiman                   Age: 35                       Tijuana, Mexico

    SUMMARY OF CHARGES

    Conspiracy to Distribute Controlled Substances for Purpose of Unlawful Importation, in violation of Title 21 U.S.C. §§ 959, 960 and 963

    Maximum Penalty: Mandatory minimum 10 years and up to life in prison; $10 million fine

    Conspiracy to Distribute Controlled Substances, in violation of Title 21 U.S.C. §§ 841(a)(1) and 846

    Maximum Penalty: Mandatory minimum 10 years and up to life in prison and $10 million fine

    INVESTIGATING AGENCIES

    Drug Enforcement Administration

    Homeland Security Investigations

    United States Marshals Service

    Department of Justice, Organized Crime Drug Enforcement Task Force

    Department of Justice, Office of Enforcement Operations

    Department of Justice, Office of International Affairs

    San Diego Sheriff’s Department

    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 prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) Strike Force Initiative, which provides for the establishment of permanent multi-agency task force teams that work side-by-side in the same location. This co-located model enables agents from different agencies to collaborate on intelligence-driven, multi-jurisdictional operations to disrupt and dismantle the most significant drug traffickers, money launderers, gangs, and transnational criminal organizations.

    MIL Security OSI

  • MIL-OSI Security: Honduran national indicted in the Eastern District of Texas for immigration violations

    Source: Office of United States Attorneys

    SHERMAN, Texas – A Honduran man has been charged with a federal immigration violation in the Eastern District of Texas, announced Acting U.S. Attorney Jay R. Combs.

    Jose Mejia-Carranza, 37, was named in an indictment returned by a federal grand jury this week in the Eastern District of Texas charging him with illegally reentering the United States after previously being deported.

    According to the indictment, on August 18, 2024, Mejia-Carranza was found unlawfully in Sherman after being previously deported from the United States on October 14, 2023.

    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).

    If convicted, Mejia-Carranza faces up to 20 years in federal prison and deportation.

    This case is being investigated by the Sherman Police Department and the Department of Homeland Security-Homeland Security Investigations. This case is being prosecuted by Assistant U.S. Attorney Chalana A. Oliver.

    A federal indictment is not evidence of guilt.  All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

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    MIL Security OSI

  • MIL-OSI: Picton Mahoney Asset Management Announces Fund Name Changes, Ticker Change and Risk Rating Changes

    Source: GlobeNewswire (MIL-OSI)

    Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

    TORONTO, June 13, 2025 (GLOBE NEWSWIRE) — Picton Mahoney Asset Management (“Picton Mahoney”) announced that, effective today, it has renamed the funds set forth below in order to streamline the names across its fund family.

    Mutual Funds
    Previous Name New Name
    Picton Mahoney Fortified Equity Fund PICTON Global Equity Fund
    Picton Mahoney Fortified Income Fund PICTON Income Fund
    Picton Mahoney Fortified Core Bond Fund PICTON Core Bond Fund
    Picton Mahoney Fortified Multi-Asset Fund PICTON Balanced Fund
       
    Alternative Mutual Funds
    Previous Name New Name
    Picton Mahoney Fortified Long Short Alternative Fund PICTON Long Short Equity Alternative Fund
    Picton Mahoney Fortified Active Extension Alternative Fund PICTON Long Short Equity (130/30) Alternative Fund
    Picton Mahoney Fortified Market Neutral Alternative Fund PICTON Market Neutral Equity Alternative Fund
    Picton Mahoney Fortified Income Alternative Fund PICTON Long Short Income Alternative Fund
    Picton Mahoney Fortified Investment Grade Alternative Fund PICTON Investment Grade Alternative Fund
    Picton Mahoney Fortified Special Situations Alternative Fund PICTON Credit Opportunities Alternative Fund
    Picton Mahoney Fortified Arbitrage Alternative Fund PICTON Arbitrage Alternative Fund
    Picton Mahoney Fortified Arbitrage Plus Alternative Fund PICTON Arbitrage Plus Alternative Fund
    Picton Mahoney Fortified Multi-Strategy Alternative Fund PICTON Multi-Strategy Alternative Fund
    Picton Mahoney Fortified Alpha Alternative Fund PICTON Multi-Strategy Alpha Alternative Fund
    Picton Mahoney Fortified Inflation Opportunities Alternative Fund PICTON Inflation Opportunities Alternative Fund
       
    Hedge Funds
    Previous Name New Name
    Picton Mahoney Long/Short Equity Fund PICTON Long Short Equity Fund
    Picton Mahoney 130/30 Alpha Extension Fund PICTON Long Short Equity (130/30) Fund
    Picton Mahoney Market Neutral Equity Fund PICTON Market Neutral Equity Fund
    Picton Mahoney Income Opportunities Fund PICTON Long Short Income Fund
    Picton Mahoney Special Situations Fund PICTON Credit Opportunities Fund
    Picton Mahoney Arbitrage Fund PICTON Arbitrage Fund
    Picton Mahoney Arbitrage Plus Fund PICTON Arbitrage Plus Fund
    Picton Mahoney Absolute Alpha Fund PICTON Multi-Strategy Alpha Fund
       
    Pooled Funds
    Previous Name New Name
    Picton Mahoney Canadian Equity Fund PICTON Canadian Equity Fund
       

    The ticker symbols for the ETF units of the funds that offer such class will remain unchanged, except for the ticker symbol of the ETF units of PICTON Credit Opportunities Alternative Fund (formerly, the Picton Mahoney Fortified Special Situations Alternative Fund) which will change from “PFSS” to “PFCO”. Subject to the final approval of the Toronto Stock Exchange (the “TSX”), the name changes and ticker symbol change is anticipated to be reflected on the TSX at the opening on, or about, June 18, 2025.

    Additionally, Picton Mahoney announced that, effective today, the risk ratings for the following funds have changed:

    Fund New Risk Rating Previous Risk Rating
    PICTON Multi-Strategy Alpha Alternative Fund (formerly, Picton Mahoney Fortified Multi-Strategy Alternative Fund) Low Low-to-Medium
    PICTON Income Fund (formerly, Picton Mahoney Fortified Income Fund) Low Low-to-Medium
         

    There have been no changes made to the investment objectives, strategies or management of the foregoing funds associated with the changes to the fund names or new risk ratings.

    The risk rating changes are based on the risk classification methodology mandated by the Canadian Securities Administrators to determine the risk level of mutual funds. Picton Mahoney reviews the risk rating for each of the funds it manages at least on an annual basis, as well as when a fund undergoes a material change. These changes are the result of the annual review and are not the result of any material changes to the funds.

    No action is required from unitholders in connection with the foregoing changes.

    To learn more about Picton Mahoney’s full suite of funds, visit www.pictoninvestments.com.

    About Picton Mahoney
    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 $13.6 billion (as at March 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 mutual 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:
    Leisha Roche, Chief Marketing Officer, Picton Mahoney Asset Management
    Tel: (416) 955-4108
    Email: invest@pictoninvestments.com
    Website: www.pictoninvestments.com  
      

    The MIL Network

  • MIL-OSI USA: Welch, Colleagues Introduce Legislative Package to Improve Medicaid for Kids, Seniors, and Families 

    US Senate News:

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

    As Republican Bill Takes Away Health Care from Millions of Americans, Senate Democrats Offer Common Sense Improvements to Medicaid and Empower Federal Watchdogs to Fight Real Fraud 
    WASHINGTON, D.C. – U.S. Senator Peter Welch, a member of the Senate Finance Committee, this week joined Ranking Member of the Senate Finance Committee Ron Wyden (D-Ore.) and eleven Senate Democrats in filing legislative proposals to strengthen and invest in the Medicaid program for children, seniors, Americans with disabilities and working families. Senator Welch’s Expanded Coverage for Former Foster Youth Act, which would expand Medicaid coverage for former foster care youth up to the age of 26, was included as part of Democrats’ legislative package. 
    “In the midst of a nationwide affordability crisis, we should do everything in our power to help more folks get the health care they need. Instead, Republicans’ budget cruelly attacks the lives and well-being of families and seniors, ripping health care away from millions–including nearly 20,000 Vermonters on Medicaid. As if slashing funding for Medicaid wasn’t egregious enough, Republicans’ budget will also tank our economy, and it does nothing to combat waste, fraud, and abuse,” said Senator Welch. “I’m proud to join Senate Democrats in introducing these bills to protect, improve, and expand Medicaid.” 
    “The Republican bill is rotten to the core when it comes to health care. Not only does the Republican bill break their promise not to cut benefits for Americans with Medicare and Medicaid, it also fails to accomplish their stated goal of cracking down on waste, fraud and abuse,” said Senator Wyden. “Senate Democrats say there’s a better way: let’s make the Medicaid program work better for moms, kids and seniors while investing in fraud fighters who have a track record of rooting out fraud where it actually occurs, and returning taxpayer dollars where they belong.” 
    The legislation comes as congressional Republicans continue to jam their reconciliation through the House and Senate behind closed doors. Republicans falsely claim the bill addresses waste, fraud and abuse in the health care system, but in reality, it rips away affordable health care from millions of Americans without doing anything meaningful on health care fraud.  
    The nonpartisan Congressional Budget Office (CBO) has found that virtually all of the health care cuts in the legislation come as a result of families that count on Medicaid losing their coverage or benefits, not eliminating waste, fraud and abuse. It’s the largest cut to American health care in history, all to fund tax breaks for the ultra-wealthy. 
    Senator Welch is a cosponsor of every bill introduced this week introduced by Senate Democrats to improve Medicaid: 

    The Keeping Obstetrics Local Act, legislation to address hospital labor and delivery unit closures by increasing Medicaid payments for eligible rural and high-need hospitals.  

    The Health Care Fraud and Abuse Control (HCFAC) Act, legislation to address funding shortfalls and ensure long-term stability of health care fraud, waste and abuse prevention work at HHS, CMS and DOJ, which returns $11 for every $1 invested. 

    The Stabilize Medicaid and CHIP Coverage Act, legislation to provide continuous eligibility for all individuals enrolled in Medicaid and the Children’s Health Insurance Program (CHIP) for 12-months.  

    The HCBS Relief Act, legislation to temporarily increase the federal Medicaid match for home- and community-based services by ten percentage points for two years.  

    The Advancing Student Services in Schools Today (ASSIST) Act, legislation to increase the federal Medicaid match for mental health and substance use disorder services provided in schools to 90%.  

    The Expanded Coverage for Former Foster Youth Act, legislation to expand Medicaid coverage for certain former foster care youth up to the age of 26.  

    The Medicare and Medicaid Dental, Vision, and Hearing Benefit Act, legislation to require Medicaid and Medicare to cover dental, vision, and hearing.   

    The Easy Enrollment in Health Care Act, legislation to allow individuals to check eligibility for and enroll in Medicaid or subsidized Affordable Care Act coverage through submitting their federal tax return.  

    The Disaster Relief Medicaid Act, legislation to ensure that individuals eligible for Medicaid who are forced to relocate due to a disaster are able to continue accessing Medicaid-supported services. 

    The Maximizing Opioid Recovery Emergency, legislation to enhance coverage for opioid treatment for Medicaid, Medicare, and private health plan enrollees, including increasing the federal Medicaid match for opioid medication treatment to 90%.  

    The Helping Tobacco Users Quit Act, legislation to require state Medicaid programs to cover tobacco cessation services without cost-sharing.  

    The State Public Option Act, legislation to give states the option to create a Medicaid buy-in program for state residents regardless of their income.   

    The Postpartum Lifeline Act, legislation to require state Medicaid programs to provide coverage up to 12-months postpartum.  

    Senator Welch has been a leading voice in calling to protect Medicaid and health care in the Senate. Last week, Senator Welch took to the Senate floor to slam Republicans’ tax bill, which will rip away health care coverage for more than 16 million Americans, including 29,000 Vermonters. 
    Earlier this month, Senator Welch joined Planned Parenthood of Northern New England (PPNNE) for a virtual roundtable highlighting the harmful consequences of Republicans’ reconciliation bill for patients in Vermont. In May, Senator Welch denounced Republicans disastrous proposed budget plan to limit ACA Premium Tax Credits which help low- and moderate-income Vermonters access health coverage.   
    Last month, Senator Welch joined Senate Democratic Leader Chuck Schumer (D-N.Y.) and Senators Tammy Baldwin (D-Wis.), Tina Smith (D-Minn.), and Protect Our Care for a press conference condemning the Republican budget. Senator Welch also recently spoke on the Senate floor about how health care is at risk for millions, and challenged President Trump to join him and Senator Josh Hawley (R-Mo.) in working to lower prescription drug prices through his recently introduced Fair Prescription Drug Prices for Americans Act. 
    This Congress, Senator Welch has led the introduction of several bills to make health care more accessible and affordable for Vermonters, including the Strengthening Medicare and Reducing Taxpayer (SMART) Prices Act, Fair Prescription Drug Prices for Americans Act, End Price Gouging for Medications Act, Creating Opportunities Now for Necessary and Effective Care Technologies (CONNECT) for Health Act, Protecting Pharmacies in Medicaid Act, Fair Funding for Rural Hospitals Act, and the Rural Hospital Support Act. 

    MIL OSI USA News

  • MIL-OSI Security: Newington Drug Trafficker Sentenced to Six Years in Federal Prison

    Source: US FBI

    David X. Sullivan, United States Attorney for the District of Connecticut, announced that MARTIN DELGADO, 30, of Newington, was sentenced today by U.S. District Judge Victor A. Bolden in New Haven to 72 months of imprisonment, followed by four years of supervised release, for distributing narcotics.

    According to court documents and statements made in court, on May 13, 2024, members of the FBI’s Northern Connecticut Gang Task Force conducted a court-authorized search of Delgado’s residence on Main Street in Newington and seized approximately 2,500 wax paper sleeves containing fentanyl, approximately 160 grams of loose fentanyl, approximately 21 grams of cocaine, narcotics packaging materials, and a loaded 9mm gun magazine.  Delgado, who fled on foot when officers arrived at his residence, was apprehended a short time later in West Hartford.  Investigators also located and seized a loaded 9mm handgun near Delgado’s residence that he discarded as he fled, and additional quantities of fentanyl and cocaine from Delgado’s vehicle.

    The firearm had been reported stolen in 2019.

    Delgado was charged with state offenses and released on bond.

    Delgado has been detained since his federal arrest on August 2, 2024.  On February 11, 2025, he pleaded guilty to possession with intent to distribute 40 grams or more of fentanyl and a quantity of cocaine.

    This matter was investigated by the FBI’s Northern Connecticut Gang Task Force, the Connecticut State Police, and the West Hartford Police Department.  The case was prosecuted by Assistant U.S. Attorneys Christopher Lembo and Reed Durham through Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce gun violence and other violent crime, and to make our neighborhoods safer for everyone.  For more information about Project Safe Neighborhoods, please visit www.justice.gov/psn.

    MIL Security OSI

  • MIL-OSI Canada: Tribunal Initiates Inquiry—Thermal Paper Rolls from China

    Source: Government of Canada News (2)

    Ottawa, Ontario, June 13, 2025—The Canadian International Trade Tribunal today initiated a preliminary injury inquiry into a complaint by McDermid Paper Converters Limited of Markham, Ontario, Media Cash Register Inc. of Saint‑Laurent, Québec, and Custom Paper Ltd. of Richmond, British Columbia, that they have suffered injury as a result of the dumping and subsidizing of thermal paper rolls from China. The Tribunal’s inquiry is conducted pursuant to the Special Import Measures Act (SIMA) as a result of the initiation of dumping and subsidizing investigations by the Canada Border Services Agency (CBSA).

    On August 11, 2025, the Tribunal will determine whether there is a reasonable indication that the alleged dumping and subsidizing have caused injury or retardation, or are threatening to cause injury, as these words are defined in SIMA. If so, the CBSA will continue its investigations and, by September 10, 2025, will make preliminary determinations. If these preliminary determinations indicate that there has been dumping or subsidizing, the CBSA will then continue its investigations and, concurrently, the Tribunal will initiate a final injury inquiry.

    The Tribunal is an independent quasi-judicial body that reports to Parliament through the Minister of Finance. It hears cases on dumped and subsidized imports, safeguard complaints, complaints about federal government procurement and appeals of customs and excise tax rulings. When requested by the federal government, the Tribunal also provides advice on other economic, trade and tariff matters.

    Any interested person, association or government that wishes to participate in the Tribunal’s inquiry may do so by filing a Form I–Notice of Participation.

    MIL OSI Canada News

  • MIL-OSI Security: Former CFO Of Sf Seafood Wholesaler Convicted For Embezzling Over $9 Million From Company

    Source: Office of United States Attorneys

    Defendant Used Stolen Funds to Pay for Personal Travel, Luxury Purses, and College Tuition

    SAN FRANCISCO – A federal jury yesterday convicted Antonietta Nguyen of multiple counts of wire fraud, aiding and abetting wire fraud, conspiracy to commit wire fraud, conspiracy to transport monetary instruments for the purpose of laundering, and tax evasion in connection with a scheme to embezzle millions of dollars from a San Francisco-based seafood company. The jury’s verdict followed a two-week trial before Senior U.S. District Judge Susan Illston.

    Nguyen, 57, of Brisbane, was a minority shareholder of ABS Seafood, a private Former CFO Of Sf Seafood Wholesaler Convicted For Embezzling Over $9 Million From Companyseafood wholesaler and importer, and served as the company’s Chief Financial Officer. According to court documents and evidence presented at trial, from January 2014 to around May 2020, Nguyen fraudulently used a company credit card and funds from the company’s bank account to pay for millions of dollars of expenses on her personal credit cards. She also charged personal expenses to her corporate credit card, which were then paid for by the company. Nguyen used the stolen funds to pay for personal travel, purses and other luxury goods from Louis Vuitton, Hermès, Goyard, Chanel, and Neiman Marcus, property taxes for one of her residences, and college tuition fees for a relative. The evidence presented at trial showed that Nguyen misappropriated approximately $2.7 million in company funds over the course of six-and-a-half years.

    The jury also found that Nguyen devised an inflated invoice scheme involving family members who operated Pescaderia Pacifica International, Inc., a Filipino seafood exporter that was one of ABS’s top vendors and main source for tuna imported into the United States. Nguyen caused ABS to pay over double the true value of the imported seafood by creating false invoices that Nguyen hid from others at the company. Her family members then split the proceeds, with some of the money being wired back to bank accounts in the United States in the names of Nguyen’s husband and daughters.

    The evidence presented at trial also showed that Nguyen evaded personal income taxes that she and her spouse owed for tax years 2018 and 2019 by underreporting the amount of joint taxable income they had for those two years.

    “The defendant devised multiple ways to defraud her business partners of several millions of dollars and got away with it for over six years. She exploited her position of trust in order to fund a lavish lifestyle for herself and her family members,” said United States Attorney Craig H. Missakian. “The jury’s verdict today holds the defendant accountable for her long-running fraud scheme.”

    “Antonietta Nguyen’s conviction reflects the serious consequences of the scheme she orchestrated to defraud her business partners,” said FBI Special Agent in Charge Sanjay Virmani. “As CFO, she systematically stole millions from her own company to bankroll a lavish lifestyle, betraying the responsibilities of her position. The FBI remains committed to working with our partners to uncover and stop financial crimes, and to ensure those who commit them are held fully accountable.”

    “Antonietta Nguyen’s brazen multi-million-dollar embezzlement scheme is a betrayal and breach of trust against her employer and runs afoul of well-established financial law. Her conviction is befitting and a strong deterrent, sending a clear message that white-collar crime has serious consequences.” said IRS Criminal Investigation (IRS-CI) Oakland Field Office Special Agent in Charge Linda Nguyen. “IRS-CI Special Agents are the experts at tracking down ill-gotten gains and bringing financial criminals to justice.”

    Nguyen was released on bond. Nguyen’s sentencing hearing is scheduled for October 10, 2025 before Judge Illston. Defendant faces a maximum statutory penalty of 20 years in prison and a $250,000 fine for each count of wire fraud and wire fraud conspiracy, 20 years in prison and a $500,000 fine for the count of conspiracy to transport monetary instruments for the purpose of laundering, and five years in prison and a $100,000 fine for each count of willful tax evasion. Any sentence will be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. § 3553.

    Assistant U.S. Attorneys Sailaja M. Paidipaty and Colin Sampson are prosecuting the case with the assistance of Sara Slattery, Janice Pagsanjan, and Kathy Tat. The prosecution is the result of an investigation by the FBI and IRS-CI.
     

    MIL Security OSI

  • MIL-OSI: Ready Capital Corporation Declares First Quarter 2025 Dividends

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 13, 2025 (GLOBE NEWSWIRE) — Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025. This dividend is payable on July 31, 2025, to shareholders of record as of the close of business on June 30, 2025.

    Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumulative Convertible Preferred Stock (the “Series C Preferred Stock”), and its 6.50% Series E Cumulative Redeemable Preferred Stock (the “Series E Preferred Stock”).

    The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on July 15, 2025, to Series C Preferred stockholders of record as of the close of business on June 30, 2025.

    The Company declared a dividend of $0.40625 per share of Series E Preferred Stock payable on July 31, 2025, to Series E Preferred stockholders of record as of the close of business on June 30, 2025.

    About Ready Capital Corporation

    Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services lower-to-middle-market investor and owner occupied commercial real estate loans. The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge as well as U.S. Small Business Administration loans under its Section 7(a) program. Headquartered in New York, New York, the Company employs approximately 500 professionals nationwide.

    Contact

    Investor Relations
    212-257-4666
    InvestorRelations@readycapital.com 

    Media Relations
    PR@readycapital.com 

    The MIL Network

  • MIL-OSI: Orezone Announces Results of Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, June 13, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) reports that all resolutions from the Company’s annual general and special meeting of shareholders held on June 12, 2025 (the “Meeting”) were approved with 62.76% of the total issued and outstanding shares of the Company represented at the Meeting.

    Detailed voting results for the election of directors are as follows:

    Nominee For % For Against % Against
    Julian Babarczy 311,422,274 99.63% 1,143,461 0.37%
    Joe Conway 307,958,117 98.53% 4,607,618 1.47%
    Patrick Downey 311,751,459 99.74% 814,276 0.26%
    Rob Doyle 312,507,445 99.98% 58,290 0.02%
    Kate Harcourt 312,332,268 99.93% 233,467 0.07%
    Sean Harvey 312,155,498 99.87% 410,237 0.13%
    Tara Hassan 312,008,591 99.82% 557,144 0.18%
             

    Additional matters approved at the Meeting are as follows:

    • The number of directors was fixed at seven.
    • The Company’s stock option plan, as required by the TSX every three years, was reapproved.
    • Deloitte LLP was appointed as auditors for the fiscal year ending December 31, 2025, and the board of directors was authorized to fix their remuneration.

    The “Report of Voting Results”, which is available under the Company’s profile on SEDAR+ and on the Company’s website, discloses the detailed voting results for the above resolutions. For additional details, please also see the Management Information Circular of the Company dated May 9, 2025.

    About Orezone Gold Corporation

    Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focused on its staged hard rock expansion that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves. Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A.  

    The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

    Contact Information

    Patrick Downey
    President and Chief Executive Officer

    Kevin MacKenzie
    Vice President, Corporate Development and Investor Relations

    Tel: 1 778 945 8977
    info@orezone.com / www.orezone.com

    For further information please contact Orezone at +1 (778) 945 8977 or visit the Company’s website at www.orezone.com.

    The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

    The MIL Network

  • MIL-OSI: Monolithic Power Systems Announces Second Quarter 2025 Dividend

    Source: GlobeNewswire (MIL-OSI)

    KIRKLAND, Wash., June 13, 2025 (GLOBE NEWSWIRE) — Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its second quarter dividend of $1.56 per common share to all stockholders of record as of the close of business on June 30, 2025. The dividend will be paid on July 15, 2025.

    Safe Harbor Statement 
    This news release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about our business and industry, management’s beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “forecasts,” “intends,” “believes,” “plans,” “may,” “will,” or “continue,” and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, assumptions and uncertainties, including those described in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Qs, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially and adversely from those projected, and may affect our future operating results, financial position and cash flows. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except to the extent required by law, MPS does not undertake, and expressly disclaims, any duty or obligation to update publicly any forward-looking statement after the initial distribution of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

    About Monolithic Power Systems
    Monolithic Power Systems, Inc. (“MPS”) is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.

    ###

    Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.

    Contact:
    Bernie Blegen
    Executive Vice President and Chief Financial Officer
    Monolithic Power Systems, Inc.
    408-826-0777
    MPSInvestor.Relations@monolithicpower.com 

    The MIL Network

  • MIL-OSI: Safe Harbor Financial CEO Terry Mendez to Serve as “Shark” during Conscious Capitalist Sessions at Psychedelic Science 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, June 13, 2025 (GLOBE NEWSWIRE) — SHF Holdings, Inc., d/b/a Safe Harbor Financial (Nasdaq: SHFS) (“Safe Harbor” or the “Company”), a fintech leader facilitating financial services and credit facilities for the regulated cannabis industry, announced that its Chief Executive Officer, Terry Mendez, will serve as a featured “Conscious Capitalist” at Psychedelic Science 2025 (PS2025). The Conscious Capitalism Workshop will be held on Monday, June 16, 2025, from 2:30 p.m. to 6:00 p.m. at the Colorado Convention Center in Denver.

    Hosted by the Multidisciplinary Association for Psychedelic Studies (MAPS), PS2025 is the world’s largest psychedelic conference, convening entrepreneurs, investors, scientists, healers, policymakers, and Indigenous knowledge-keepers from around the globe.

    The Conscious Capitalism Workshop—informally dubbed the “Shark Tank” of PS2025—prioritizes mentorship over competition, offering an interactive platform where mission-driven startups pitch visionary ideas to a panel of impact investors and advisors. As one of the featured “Sharks,” Mendez will offer real-time feedback to participants, sharing insight on values-based business building in complex, regulated sectors.

    “As someone who’s spent a career working to build trust-based financial systems in challenging markets, I’m honored to participate in this movement,” said Mendez. “This event isn’t about judging ideas—it’s about uplifting bold entrepreneurs and giving them an opportunity to turn transformative visions into sustainable business models.”

    Mendez became CEO in early 2025, bringing deep experience in cannabis, finance, and business transformation. Since then, Safe Harbor has started to evolve beyond banking to provide cannabis businesses nationwide with the financial guidance, services, and support they need to succeed.

    Mendez added, “Our goal is simple: to give operators access to focused expertise and solutions at a cost they can afford — eliminating unnecessary overhead while improving clarity, cost control, and operational efficiency.”

    About Safe Harbor: 
    Safe Harbor is among the first service providers to offer compliance, monitoring and validation services to financial institutions that provide traditional banking services to cannabis, hemp, CBD and ancillary operators, making communities safer, driving growth in local economies and fostering long-term partnerships. Safe Harbor, through its financial institution clients, implements high standards of accountability, transparency, monitoring, reporting and risk mitigation measures while meeting Bank Secrecy Act obligations in line with FinCEN guidance on cannabis-related businesses. Over the past decade, Safe Harbor has facilitated more than $25 billion in deposit transactions for businesses with operations spanning more than 41 states and US territories with regulated cannabis markets. For more information, visit https://shfinancial.org/.

    Cautionary Statement Regarding Forward-Looking Statements:
    Certain information contained in this press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included herein may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Forward-looking statements may include, but are not limited to, statements with respect to trends in the cannabis industry, including proposed changes in U.S and state laws, rules, regulations and guidance relating to Safe Harbor’s services; Safe Harbor’s growth prospects and Safe Harbor’s market size; Safe Harbor’s projected financial and operational performance, including relative to its competitors and historical performance; success or viability of new product and service offerings Safe Harbor may introduce in the future; the impact volatility in the capital markets, which may adversely affect the price of Safe Harbor’s securities; the outcome of any legal proceedings that have been or may be brought by or against Safe Harbor; and other statements regarding Safe Harbor’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “outlook,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Safe Harbor’s filings with the U.S. Securities and Exchange Commission. Safe Harbor undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    Safe Harbor Investor Relations Contact: 
    ir@SHFinancial.org

    Safe Harbor Media Relations Contact:
    Ellen Mellody
    570-209-2947
    safeharbor@kcsa.com

    The MIL Network

  • MIL-OSI: Wintrust Financial Corporation Announces Redemption of All Outstanding Series D and Series E Preferred Stock and Related Depositary Shares

    Source: GlobeNewswire (MIL-OSI)

    ROSEMONT, Ill., June 13, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced that on July 15, 2025 it will redeem (i) all of the 5,000,000 issued and outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (the “Series D Preferred Stock”) (Nasdaq: WTFCM), for a redemption price of $25.00 per share, and (ii) all of the 11,500 issued and outstanding shares of its 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E (the “Series E Preferred Stock”), and all of the related 11,500,000 issued and outstanding depositary shares (the “Depositary Shares”) (Nasdaq: WTFCP), each representing a 1/1,000th interest in a share of Series E Preferred Stock, for a redemption price of $25,000 per share of Series E Preferred Stock (or $25.00 per Depositary Share). The redemptions will be funded with a portion of the net proceeds from Wintrust’s previously disclosed public offering of depositary shares, each representing a 1/1,000th interest in a share of its 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, which was completed on May 22, 2025.

    The Series D Preferred Stock and Series E Preferred Stock (and related Depositary Shares) will be redeemed on the upcoming dividend payment date of July 15, 2025 (the “Redemption Date”). On and after the Redemption Date, no shares of Series D Preferred Stock, Series E Preferred Stock or Depositary Shares will remain outstanding, and trading of the Series D Preferred Stock and Depositary Shares on the NASDAQ Stock Market will also cease.

    The regular quarterly dividends on the Series D Preferred Stock and the Series E Preferred Stock represented by the Depositary Shares will be paid separately on the Redemption Date to holders of record on July 1, 2025 for such dividend payment in the customary manner. Accordingly, the redemption price will not include any accrued and unpaid dividends. On and after the Redemption Date, all dividends on the Series D Preferred Stock and Series E Preferred Stock (and related Depositary Shares) will cease to accrue.

    The Series D Preferred Stock and the Depositary Shares are held only in book-entry form through The Depository Trust Company (“DTC”) and will be redeemed in accordance with the applicable procedures of DTC. Payment to DTC for the Series D Preferred Stock will be made by Equiniti Trust Company, LLC, as redemption agent for the Series D Preferred Stock (the “Redemption Agent”). The address for the Redemption Agent is as follows:

    Equiniti Trust Company, LLC
    28 Liberty Street, 53rd Floor
    New York, NY 10005

    Payment to DTC for the Depositary Shares will be made by U.S. Bank Trust Company, National Association, as depositary (the “Depositary”), in accordance with the deposit agreement governing the Depositary Shares. The address for the Depositary is as follows:

    U.S. Bank Global Corporate Trust
    111 Fillmore Ave E
    St. Paul, MN 55107

    Investors in the Series D Preferred Stock and the Depositary Shares should contact the bank or broker through which they hold a beneficial interest in the Series D Preferred Stock or Depositary Shares, as applicable, for information about obtaining the redemption price payment for the shares of Series D Preferred Stock or Depositary Shares, as applicable, in which they have a beneficial interest.

    About Wintrust

    Wintrust is a financial holding company whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are based on management’s current expectations and beliefs and certain assumptions made by our management. Investors are cautioned that such statements are predictions and actual events or results may differ materially. Wintrust’s expected financial results or other plans, including Wintrust’s intention to redeem the outstanding shares of the Series D Preferred Stock, the Series E Preferred Stock and the Depositary Shares, are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, any of which could cause actual results to differ from those contained in the forward-looking statements, see Wintrust’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and any of Wintrust’s subsequent SEC filings. Forward-looking statements speak only as of the date made and, except as required by law, Wintrust undertakes no duty to update the information.

    For more information contact:
    Timothy S. Crane, President & Chief Executive Officer
    David A. Dykstra, Vice Chairman & Chief Operating Officer
    (847) 939-9000

    Source: Wintrust Financial Corporation

    The MIL Network

  • MIL-OSI USA: Former Massachusetts Attorney Pleads Guilty to Tax Evasion

    Source: US State of California

    A Massachusetts man and a former attorney pleaded guilty today to evading his taxes.

    The following is according to court documents and statements made in court: until 2020, Paul Anthony Conte, of Upton, Massachusetts, was an attorney and member of the Massachusetts Bar.  From approximately January 2003 through at least 2020, through several companies, Conte earned income by offering services as a taxation, investments, and real estate specialist.

    Yet, from at least 2016 through 2020, Conte did not file any tax returns either for himself or his companies. Conte also attempted to conceal his income from the IRS by using his business bank accounts to pay for his personal expenses, including purchasing auto parts, guns, jewelry, and powersports vehicles. Conte further concealed his income by transferring funds from his business entities to his wife, and then using his wife’s bank accounts, in which Conte was not a signatory until 2020, to pay his personal expenses. 

    Conte is scheduled to be sentenced on Oct. 9. He faces a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney for Criminal Matters Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Catriona Coppler and Assistant Chief Jorge Almonte of the Tax Division are prosecuting the case.

    MIL OSI USA News

  • MIL-OSI Europe: President Meloni chairs video conference meeting on military escalation in the Middle East

    Source: Government of Italy (English)

    The President of the Council of Ministers, Giorgia Meloni, chaired a video conference meeting earlier today to assess the consequences of the military escalation in the Middle East. The meeting was also attended by Vice-President of the Council of Ministers and Minister of Foreign Affairs Antonio Tajani, Vice-President of the Council of Ministers Matteo Salvini, Minister of the Interior Matteo Piantedosi, Minister of Defence Guido Crosetto, Minister of Economy and Finance Giancarlo Giorgetti, Undersecretaries of State Alfredo Mantovano and Giovanbattista Fazzolari, and the heads of Italy’s intelligence services. 

    During the meeting, the IAEA reports finding Iran in violation of its obligations under the Treaty on the Non-Proliferation of Nuclear Weapons were noted with concern.

    In this context, full support was reaffirmed for the negotiations between the United States and Iran regarding an agreement on Iran’s nuclear programme, as shown by the two rounds of negotiations held in Rome, and it was stressed that a diplomatic solution must remain the top priority. 

    The Italian Government will continue to work with all partners to support a de-escalation and to best ensure the safety of Italian citizens and military personnel in the region.

    Constant coordination is to be carried out to ensure continuous monitoring of the situation, allowing for the necessary measures to be adopted at any time.

    MIL OSI Europe News

  • MIL-OSI Security: Former Massachusetts Attorney Pleads Guilty to Tax Evasion

    Source: United States Attorneys General

    A Massachusetts man and a former attorney pleaded guilty today to evading his taxes.

    The following is according to court documents and statements made in court: until 2020, Paul Anthony Conte, of Upton, Massachusetts, was an attorney and member of the Massachusetts Bar.  From approximately January 2003 through at least 2020, through several companies, Conte earned income by offering services as a taxation, investments, and real estate specialist.

    Yet, from at least 2016 through 2020, Conte did not file any tax returns either for himself or his companies. Conte also attempted to conceal his income from the IRS by using his business bank accounts to pay for his personal expenses, including purchasing auto parts, guns, jewelry, and powersports vehicles. Conte further concealed his income by transferring funds from his business entities to his wife, and then using his wife’s bank accounts, in which Conte was not a signatory until 2020, to pay his personal expenses. 

    Conte is scheduled to be sentenced on Oct. 9. He faces a maximum penalty of five years in prison as well as a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney for Criminal Matters Karen E. Kelly of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation is investigating the case.

    Trial Attorney Catriona Coppler and Assistant Chief Jorge Almonte of the Tax Division are prosecuting the case.

    MIL Security OSI

  • MIL-OSI: Houston American Energy Corp. Provides Response to Unusual Market Action

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, TX, June 13, 2025 (GLOBE NEWSWIRE) — Houston American Energy Corp. (NYSE American: HUSA) (“HUSA” or the “Company”) announced today that the Company had become aware of unusual trading activity in its common stock on the New York Stock Exchange American (the “NYSE”) on June 12 and June 13, 2025. The Company is issuing this press release pursuant to Section 401(d) of the NYSE Company Guide. The Company has made inquiries and has been unable to determine whether corrective actions are appropriate at this time. The Company is further announcing that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action.

    About HUSA

    HUSA is an independent oil and gas company focused on the development, exploration, exploitation, acquisition, and production of natural gas and crude oil properties. Our principal properties and operations are in the U.S. Permian Basin. Additionally, we have properties in the Louisiana U.S. Gulf Coast region. For more information, please visit: https://houstonamerican.com/

    Cautionary Note Regarding Forward-Looking Information:

    This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of, and subject to the safe harbor created by, Section 27A of the Securities Act, Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995, which are referred to as the “safe harbor provisions.” Statements contained or incorporated by reference in this press release that are not historical facts are forward-looking statements, including statements regarding HUSA’s or AGIG’s business and future financial and operating results, and other aspects of HUSA’s or AGIG’s operations or operating results. Words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “target,” “project,” and similar phrases that denote future expectations or intent regarding HUSA’s or AGIG’s financial results, operations, and other matters are intended to identify forward-looking statements that are intended to be covered by the safe harbor provisions. Investors are cautioned not to rely upon forward-looking statements as predictions of future events. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause future events to differ materially from the forward-looking statements in this press release including:

      risks relating to fluctuations of the market value of common stock, including as a result of uncertainty as to the long-term value of the common stock of HUSA or as a result of broader stock market movements;
      the occurrence of any event, change, or other circumstances that could give rise to the termination of the Share Exchange Agreement;
      failure to attract, motivate and retain executives and other key employees;
      disruptions in the business of HUSA or AGIG, which could have an adverse effect on their respective businesses and financial results;
      the unaudited pro forma combined consolidated financial information in the proxy statement is presented for illustrative purposes only and may not be reflective of the operating results and financial condition of the combination of HUSA and AGIG; and
      other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the proxy statement, as well as HUSA’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, and other documents filed by HUSA from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements.

    The forward-looking statements included in this press release are made only as of the date hereof. HUSA does not undertake to update, alter, or revise any forward-looking statements made in this report to reflect events or circumstances after the date of this report or to reflect new information or the occurrence of unanticipated events, except as required by law.

    For additional information, view the company’s website at www.houstonamerican.com or contact Houston American Energy Corp. at (713) 222-6966. 

    The MIL Network

  • MIL-OSI Security: Texas Man Guilty Of Drug and Racketeering Offenses

    Source: Office of United States Attorneys

    NEW ORLEANS, LOUISIANA – Acting United States Attorney Michael M. Simpson announced that JULIO CESAR DELGADO (“DELGADO”), age 39, formerly a resident of Brownsville, Texas pled guilty on June 5, 2025, before United States District Judge Nannette Jolivette Brown to Conspiracy to Possess with Intent to Distribute and Distribute Cocaine, in violation of Title 21, United States Code, 846; and Interstate Travel in Aid of Racketeering, in violation of Title 18, United States Code, Section 1952(a)(3).

    The charge of Conspiracy to Possess with Intent to Distribute and Distribute Cocaine, now carries a mandatory term of imprisonment of not less than 10 years and up to life imprisonment, a fine of up to $8,000,000 and a term of supervised release of at least 8 years.  Interstate Travel in Aid of Racketeering carries a maximum term of imprisonment of 5 years, up to a $250,000 fine, and up to three years of supervised release.  Each offense also carries a mandatory special assessment fee of $100.00.

    Sentencing will occur on October 9, 2025.

    Court documents reflect that the Defendant was part of a sophisticated conspiracy that smuggled cocaine from Mexico into the United States at Brownsville, Texas and transported it to customers in Texas, Louisiana, Florida and Michigan.  DELGADO, and others, would also collect payment from the customers.  During the investigation, the Louisiana State Police seized approximately $31,000 from DELGADO and another individual during a traffic stop.  The money was payment received for cocaine delivered to a trafficker in Michigan.  This money is subject to forfeiture.

    This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation.  OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    The case was investigated by the Federal Bureau of Investigation and the Louisiana State Police. Assistant United States Attorney Mark A. Miller of the Narcotics Unit is assigned the prosecution.

    MIL Security OSI

  • MIL-OSI Security: Western District of Texas Adds 331 New Immigration Cases

    Source: Office of United States Attorneys

    SAN ANTONIO –United States Attorney Justin R. Simmons for the Western District of Texas announced today, that federal prosecutors in the district filed 331 new immigration and immigration-related criminal cases from June 6 through 12.

    Among the new cases, Guatemalan national Geremias Ambrocio-Vicente was arrested for illegal re-entry less than four miles west of the Paso Del Norte Port of Entry in El Paso on June 8. Ambrocio-Vicente is a felon with multiple convictions including a 2020 conviction in Albany, New York for rape, and an illegal re-entry conviction in 2022 in Rio Grande City. He was previously deported on July 13, 2022, through New Orleans, Louisiana.

    The El Paso Division also filed multiple cases for charges of transporting or harboring illegal aliens. Miguel Angel Enriquez-Ramirez is a Mexican national who, according to an affidavit, admitted to working for the Transnational Criminal Organization La Linea. On June 9, he was arrested during an immigration inspection conducted by U.S. Border Patrol and Homeland Security Investigations at an El Paso residence. During the inspection, agents allegedly encountered a total of nine individuals—eight of whom who were determined to be citizens of Mexico, one a citizen of Guatemala, and all illegally present in the United States. The affidavit alleges that Enriquez-Ramirez admitted to getting paid $600.00 per week to harbor illegal aliens at the apartment and had been harboring between eight and 12 illegal aliens since arriving at the apartment earlier this year.

    Mexican national Ranferi Alonso-Osorio was arrested for allegedly picking up several illegal aliens in a pickup truck near the International Boundary fence and transporting them further into the U.S. Alonso-Osorio was pulled over by Texas Department of Public Safety, after which, the DPS troopers and partnered USBP agents allegedly observed seven individuals flee from the vehicle. A criminal complaint alleges that five of the individuals were quickly detained and the sixth was located and detained shortly after. The seventh individual, Alonso-Osorio, was allegedly located inside the recycling bin in the backyard of a residence. The complaint alleges that Alonso-Osorio admitted to picking up and transporting the illegal aliens and that he would be paid $50 for each alien he picked up. He also allegedly claimed to have picked up illegal aliens on about 15 previous occasions and believed he had picked up about 30 illegal aliens in total.

    In Del Rio, Salvadoran national Alberto De Jesus Moran-Mejia was arrested by USBP agents for illegal re-entry. Moran-Mejia is a twice convicted felon, with an illegal re-entry conviction in 2010 and an assault on a law enforcement officer in 2024, which coincided with a DWI conviction. He has been deported five times, the last one being to El Salvador on Aug. 30, 2024, through Washington DC.

    Mexican national Luis Cesar Carmona-Lopez is also charged with illegal re-entry, having been deported six times—the last one being to Mexico on Dec. 21, 2024, through Del Rio. Carmona-Lopez has been previously convicted for illegal re-entry felonies three times, and had also been found to have violated the terms of his felony probation in August 2024.

    Marlon Catalino Diaz-Flores, a Honduran national, was arrested in Eagle Pass and charged with illegal re-entry. He was recently removed for the fourth time on March 16 through El Paso, after being convicted in January for illegal re-entry.

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

    The U.S. Attorney’s Office for the Western District of Texas comprises 68 counties located in the central and western areas of Texas, encompasses nearly 93,000 square miles and an estimated population of 7.6 million people. The district includes three of the five largest cities in Texas—San Antonio, Austin and El Paso—and shares 660 miles of common border with the Republic of Mexico.

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

    Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    ###

    MIL Security OSI

  • MIL-OSI Security: Trinitarios Gang Leader Sentenced to More Than 15 Years in Prison for Triple Shooting in Queens

    Source: Office of United States Attorneys

    Defendant, the Leader of the “OZP” set of the Trinitarios, Orchestrated a Months-Long Conspiracy to Murder Gang Rivals

    Earlier today, in federal court in Brooklyn, Pedro Serrano, also known as “Papo,” the leader of the Ozone Park (or “OZP”) set of the Trinitarios street gang, was sentenced by United States District Judge Eric N. Vitaliano to 183 months in prison for carrying out a June 29, 2021 shooting that injured three victims.  The shooting was part of a long-running conspiracy to murder members of a rival Trinitarios gang set.  Serrano pleaded guilty in March 2024 to assault in-aid-of racketeering and discharging a firearm during a crime of violence.

    Joseph Nocella, Jr., United States Attorney for the Eastern District of New York, and Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the sentence.

    “Serrano was ruthlessly committed to a dangerous criminal enterprise, and he and his co-conspirators shot multiple victims in furtherance of a senseless gang rivalry to advance his enterprise,” stated United States Attorney Nocella.  “Such warfare jeopardizes public safety and underscores the importance of my Office’s mission to eradicate violent gangs from our communities.”

    Mr. Nocella expressed his appreciation to the New York City Police Department for their work and assistance on the case.

    According to court filings, Serrano, along with other members of the gang, engaged in a series of violent feuds with rivals, including rival sets within the Trinitarios.  Beginning in at least 2021, disputes arose between OZP and other sets of Trinitarios from Queens and Brooklyn, including the Southside set, resulting in back-and-forth shootings between sets.  On June 29, 2021, Serrano carried out a retaliatory shooting—while driving through a residential neighborhood in Queens—targeting Southside members.

    Serrano enlisted fellow OZP members—including co-defendant Albert Santana-Fernandez, also known as “Pipa,” a Pennsylvania-based member of OZP—to help attack OZP rivals.  After departing from Serrano’s house, the co-conspirators drove around until they located a rival group of Trinitarios on 77th Street near Jamaica Avenue near the Queens-Brooklyn border.  Serrano and Santana-Fernandez were armed with firearms and after locating their rivals, fired shots at them from their moving vehicle.  At least 13 shell casings were recovered at the scene, and three victims were wounded—one of whom sustained a gunshot wound to the back of his head. Santana-Fernandez pleaded guilty to his role in the shooting in October 2024 and is awaiting sentencing.

    The government’s case is being handled by the Office’s Organized Crime and Gangs Section. Assistant United States  Attorneys Lindsey R. Oken and Benjamin Weintraub are in charge of the prosecution.

    The Defendants:

    PEDRO SERRANO (also known as “Papo”)
    Age: 24
    Brooklyn, NY

    ALBERT SANTANA-FERNANDEZ (also known as “Pipa”)
    Age: 27
    Philadelphia, PA

    E.D.N.Y. Docket No. 23-CR-28 (ENV)

    MIL Security OSI

  • MIL-OSI Security: Minnesota Man Sentenced to 10 Years for Methamphetamine Trafficking

    Source: Office of United States Attorneys

    MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Xa Xiong, 32, St. Paul, Minnesota, was sentenced yesterday by U.S. District Judge William M. Conley to 10 years in federal prison for distributing methamphetamine. The prison term will be followed by 5 years of supervised release. Xiong pled guilty to this charge on February 21, 2025.

    In July 2024, investigators received information from a confidential source that a large quantity of methamphetamine was being stored inside a storage unit in Eau Claire. Investigators obtained a search warrant for the storage unit and found a backpack with about six pounds of methamphetamine inside, ultimately linked to Xiong. On July 26, 2024, Xiong sold approximately one pound of methamphetamine to an undercover police officer in Menomonie, Wisconsin. A week later, Xiong met up with the same undercover officer to sell the officer two pounds of methamphetamine and Xiong was arrested during the attempted delivery.

    At Xiong’s sentencing, Judge Conley expressed concern over the large quantity of drugs the defendant was distributing. Judge Conley remarked that it was far beyond what was necessary to support a personal drug habit.

    The charges against Xiong were the result of an investigation conducted by the West Central Drug Task Force, Eau Claire Police Department, Wisconsin Department of Justice Division of Criminal Investigation, Drug Enforcement Administration, and the Clark County Sheriff’s Department. The ATF Madison Crime Gun Task Force also assisted with the case. The ATF Madison Crime Gun Task Force consists of federal agents from ATF and Task Force Officers from state and local agencies throughout the Western District of Wisconsin. Assistant U.S. Attorney William Levins prosecuted the case. 

    MIL Security OSI

  • MIL-OSI Security: Georgia Couple Arrested For Stealing More Than $1.7 Million Dollars In COVID Relief Funds

    Source: Office of United States Attorneys

    Tampa, Florida – United States Attorney Gregory W. Kehoe announces the indictment and arrests of Earlisha Louis (44, Newnan, Georgia) and Somoza Louis (44, Newnan, Georgia) for one count of conspiracy to commit wire fraud and four counts of wire fraud related to COVID-19 relief funds. If convicted, each faces up to 30 years in federal prison on each count. Earlisha Louis is also charged with two counts of illegal monetary transactions. Each of those counts carry a maximum penalty of 3 years in federal prison. The indictment also notifies the pair that the United States intends to forfeit a residence and $1,705,553.80, which are alleged to be traceable to the proceeds of the offense.

    According to the indictment, between April 2020 and June 2021, Earlisha and Somoza Louis devised a scheme to defraud the Small Business Administration by submitting multiple false and fraudulent Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) loan applications. These programs were some of the sources of economic relief provided for by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. After receiving one of the loans, Earlisha Louis transferred more than $10,000 of the fraud proceeds between her accounts. 

    An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

    This case was investigated by the Small Business Administration – Office of Inspector General and the Federal Bureau of Investigation. It is being prosecuted by Assistant United States Attorney Merrilyn E. Hoenemeyer.         

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

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

    MIL Security OSI

  • MIL-OSI: KGNCLOUD Introduces Zero Threshold Gold Mining for Crypto’s New Era

    Source: GlobeNewswire (MIL-OSI)

    New York City, NJ, June 13, 2025 (GLOBE NEWSWIRE) —

    The cryptocurrency market is undergoing a new round of explosive changes—Bitcoin has broken through the $100,000 mark, the US has relaxed regulations, and Russia has fully legalised mining. These monumental shifts are reshaping the global financial landscape. In response, cloud mining is increasingly recognized as a pivotal pathway for ordinary investors seeking entry into the market, offering compelling advantages such as zero hardware investment and freedom from ongoing operation and maintenance costs. The following key trends and strategies will help you seize the unique opportunities presented by this evolving digital economy.

    This period of explosive growth is not merely a fleeting surge but signals a profound maturation of the cryptocurrency sector, driven by emerging global forces. A “Global Vision: New Mining Forces in 2025” highlights critical developments:

    • Political Capital Entry: The Trump family and Hut 8 have jointly established American Bitcoin Corp (ABTC), with a Nasdaq listing countdown approaching. This strategic alignment predicts Bitcoin will exceed $170,000 in 2026, signaling significant mainstream validation.
    • Game Between Energy Countries: Russia is strategically leveraging the US mining machine tariff war to absorb global computing power, while Canada and Kazakhstan, with their low-electricity price areas, are becoming the primary power sources for the migration of mining sites, creating new hubs of digital asset production.

    At the heart of KGNCLOUD’s offering is its revolutionary Zero Threshold Digital Gold Mining initiative, embodying an inclusive solution designed to dismantle barriers to entry. This groundbreaking feature empowers users with:

    • Free Trial Mining: Register today to receive $100 in experience money, allowing users to verify KGNCLOUD’s profit model without any initial risk.
    • No Hardware/Electricity Pressure: The platform fully bears all operation and maintenance costs, ensuring users enjoy pure profit sharing, free from the burdens of significant hardware investment, energy consumption, or technical upkeep.
    • Flexible Withdrawal in Multiple Currencies: KGNCLOUD supports rapid withdrawals of 11 major cryptocurrencies, including USDT, BTC, and ETH, with funds credited to user accounts within a swift 5 minutes.

    “This is a transformative period for digital assets,” commented Joy Bennett, “The shift in market dynamics and regulatory landscapes creates unprecedented opportunities, making accessible solutions like cloud mining increasingly vital for broader participation. We are witnessing a convergence of mainstream finance and decentralized technology, opening doors that were previously unimaginable for stable digital asset accumulation.”

    The benefits of KGNCLOUD’s platform extend far beyond just eliminating hardware and operational costs. It significantly reduces investment risk, broadens accessibility to diverse demographics—from students and busy professionals to retirees—and offers a truly global reach. KGNCLOUD leverages secure, state-of-the-art infrastructure across geographically distributed data centers, ensuring operational resilience and transparent reporting. This robust framework guarantees reliable service and empowers users with real-time insights into their mining performance.

    Take the leading platform KGNCLOUD Mining as an example (the first user growth rate in 2025):

    Contract type Investment amount Cycle (days) Expected income
    Free experience $100 1 $100+$1
    Classic computing power (primary) $500 4 $500+$100
    Classic computing power (advanced) $1200 5 $1200+$240
    Smart miner $2800 6 $2800+$660
    Innovative mining machine $5580 7 $5580+$2506

    For more miner plans, please open the KGNCLOUD website to view.

    KGNCLOUD defines this as a “New Era of Cryptocurrency”—one focused on sustainability, mainstream adoption, and true financial inclusion, moving beyond mere speculative trading towards long-term wealth building. KGNCLOUD’s role in this era is not just as a service provider but as an educator and a trusted partner, committed to fostering an informed and confident community of digital asset holders, aligning with the evolving global forces.

    To empower investors with practical guidance in this dynamic landscape, KGNCLOUD offers a straightforward Action Guide: Start Cloud Mining in Three Steps:

    1. Registration: Simply visit the KGNCLOUD Mining official website to register and immediately receive your $100 trial mining gold.
    2. Choose Contract: Select an investment level that matches your goals, with options starting from just $100.
    3. Income: Monitor your panel data daily and initiate immediate cash withdrawals once your target profit is met.

    A Critical Policy Window Period Reminder: The looming Federal Reserve debt crisis, which stands at an staggering $37 trillion, may significantly accelerate the monetization process of Bitcoin reserves. This scenario positions early computing power layouters to capture substantial excess dividends, making informed and timely entry into cloud mining crucial for maximizing potential returns in this unprecedented economic climate.

    About KGNCLOUD

    KGNCLOUD is a visionary leader in global cloud mining services, dedicated to fostering a transparent, accessible, and secure environment for digital asset accumulation. Committed to innovation and user empowerment, KGNCLOUD provides state-of-the-art cloud mining solutions that enable individuals worldwide to participate confidently in the burgeoning cryptocurrency market, driving a new era of financial inclusion and digital wealth creation.

    Act now → KGNCLOUD Mining official website entry channel

    Name: Joy Bennett
    Email: info@kgncloud.com
    Website: http://www.kgncloud.com
    Address: Copper House 150 Neath Road, Landore, Swansea, Abertawe, Wales, SA1 2BD

    Attachment

    The MIL Network

  • MIL-OSI Banking: Finland commits EUR 2.5 million to new phase of EIF support for sustainable trade in LDCs

    Source: World Trade Organization

    In May, the EIF Steering Committee endorsed a recommendation by the EIF Taskforce for a third phase of the initiative, to run up to 2031 in support of the UN Doha Programme of Action for LDCs.

    Designed to provide catalytic and transformative support to LDCs, the EIF’s Phase Three will also be presented at a high-level side event on 30 June co-organized by Finland, Djibouti and the EIF Executive Secretariat as part of the Fourth International Conference on Financing for Development in Sevilla, Spain.

    H.E. Mr Ville Tavio, Finland`s Minister for Foreign Trade and Development, said: “Finland sees the next phase of the EIF as an investment in the potential of the world’s least-developed countries to harness trade for sustainable growth. As preparations for Phase Three advance, we hope this contribution will help generate momentum and encourage continued international support for this important initiative — by old and new donors. We look forward to co-hosting discussions in Seville that will help shape a more inclusive and resilient global trading system.”

    WTO Director-General Ngozi Okonjo-Iweala welcomed the announcement, saying: “Finland`s early support for Phase Three of the EIF comes at a critical juncture for trade, aid, and development. LDCs need stable and predictable support to strengthen their trade capacities and navigate today`s uncertainties and opportunities. Finland’s leadership will help lay the foundation for an even more impactful phase of EIF work. We deeply value Finland`s continued commitment to inclusive development through trade and encourage other partners to join this initiative.”

    EIF Executive Director Ratnakar Adhikari said: “Finland’s generous and timely pledge of EUR 2.5 million marks an important step toward launching the next phase of the EIF. This contribution reflects Finland’s continued engagement with the EIF and underscores the kind of partnership that has been central to the programme’s success. It strengthens our ability to deliver targeted support as we move into Phase Three.”

    Since its inception, the EIF has been the only global Aid for Trade programme exclusively dedicated to helping least-developed countries use trade as a tool for economic transformation. Phase Three will build on the previous phases, continuing efforts to support LDCs in their integration into the global trading system.

    More information on the EIF is available here.

    Share

    MIL OSI Global Banks

  • MIL-OSI Security: Canning — Update: RCMP charges youth in sexual assault against another youth in Canning

    Source: Royal Canadian Mounted Police

    Kings District RCMP has charged a youth in relation to a sexual assault of another youth that occurred on June 6, https://rcmp.ca/en/nova-scotia/news/2025/06/rcmp-seeking-information-identify-person-involved-sexual-assault-against-youth.

    On June 12, Kings District RCMP arrested a youth in relation to the sexual assault and executed a search warrant at a home in Canning where investigators located items supporting the investigation.

    “The courage the victim showed in fighting off their attacker was tremendous. Sexual assaults are an afront to society and, as in this case, have the power to inflict paralyzing fear in a community,” says Supt. Jason Popik, Southwest Nova District Policing Officer. “Through the support of the victim and their family, the Kings District investigators and street crime enforcement unit members identified and charged the accused, which will hopefully bring reassurance to the victim and their family as well as the community.”

    The youth has been charged with Assault, Sexual Assault and Disguise with Intent. They were released pending a court appearance in youth court on July 24.

    The investigation was led by Kings District general duty and General Investigative Section and the Southwest Nova Street Crime Enforcement Unit, with assistance of the RCMP’s Investigative Assistance Team.

    Kings District RCMP would like to thank the public for their support through numerous investigative tips and leads.

    If you have experienced sexual violence, you are not alone. The elimination of gender-based and sexual violence continues to be a priority for the Nova Scotia RCMP, and the RCMP employs a trauma-informed approach. Survivor support is available and you can contact us and discuss an incident before deciding to further participate in the investigation and court process.

    File: 2025-784797

    -30-

    MIL Security OSI

  • MIL-OSI Security: Green Township Man Charged with Crimes Related to Three Pipe Bomb Incidents

    Source: US FBI

    CINCINNATI – A federal grand jury indicted a Green Township man today, charging him with federal crimes related to explosive devices. 

    Robert Gilb, 50, was arrested yesterday.

    “The FBI’s Joint Terrorism Task Force arrested Robert Gilb for possessing an unregistered destructive device and transporting explosive materials,” stated FBI Cincinnati Special Agent in Charge Elena Iatarola. “This alleged activity posed a serious risk to public safety. The FBI worked closely with our law enforcement partners to neutralize this potential danger and protect the community.” 

    According to charging documents, Gilb allegedly detonated three improvised explosive devices (IED) in Hamilton and Butler counties in March and April.

    A complaint affidavit details that on April 12, Hamilton County sheriff’s deputies were dispatched to Miami Township for a report of a loud explosion. They discovered what appeared to be a blast crater and components of an improvised explosive device (IED).

    Further investigation revealed that there were two prior incidents in Morgan Township

    that allegedly had similar characteristics to the incident in Miami Township. Butler County sheriff’s deputies had responded to incidents there on March 23 and March 28.

    Witnesses allegedly saw Gilb in his white BMW near the site of at least one of the devices when it exploded.

    Gilb is charged with three counts of possessing an unregistered destructive device and three counts of transporting explosive materials.

    Possessing an unregistered destructive device and transporting explosive materials are federal crimes punishable by up to 10 years in prison.

    Kelly A. Norris, Acting United States Attorney for the Southern District of Ohio, and Elena Iatarola, Special Agent in Charge, Federal Bureau of Investigation (FBI), Cincinnati Division, as well as the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), Hamilton County Sheriff’s Office, Butler County Sheriff’s Office, Ohio State Fire Marshalls Office, Greater Cincinnati HAZMAT, Green Township Police Department and Green Township Fire Department, announced the charges. Assistant United States Attorney Timothy S. Mangan is representing the United States in this case.

    An indictment merely contains allegations, and defendants are presumed innocent unless proven guilty in a court of law.

    # # #

     

    MIL Security OSI

  • MIL-OSI Security: Former Columbus Police Officer Sentenced to Three Years in Prison for Altering Records

    Source: US FBI

    COLUMBUS, Ohio – A former Columbus police officer was sentenced in federal court here today to 36 months in prison for destroying or altering records related to a criminal investigation.

    Nicholas P. Duty, 36, of Commercial Point, Ohio, pleaded guilty in January to two counts of the crime.

    According to court documents, on two occasions, Duty destroyed, altered or falsified records by purposefully deactivating or removing his police body worn camera. Duty’s actions were intended to impede, obstruct or influence a federal investigation.

    In February 2024, Columbus police officers were working street-level prostitution crimes in the area of Sullivant Avenue on the west side of Columbus when a witness expressed concerns about Duty’s on-duty activities with sex workers. Duty was positively identified during the administration of a blind photo array.

    Further investigation revealed that, on Oct. 31, 2023, and March 22, 2024, Duty deactivated or removed his body worn camera during interactions with two women, including during a sexual encounter.

    During the incidents, Duty was on duty, wearing a police uniform, in a marked police vehicle and assigned a body worn camera. He knew he was required to comply with Columbus Division of Police policies for wearing the division-issued camera.

    On Halloween 2023, the first woman had called Columbus police and asked for assistance, stating her boyfriend was attempting to kill himself. Duty transported the woman following the call and disabled his body worn and in-car cameras when he was alone with her. Duty made sexual advances toward the woman while his cameras were deactivated, and they exchanged phone numbers.  Duty continued to reach out to her, including in April 2024, a few days before his arrest.

    On March 22, 2024, body worn camera footage shows Duty speaking with the second woman near the Sunoco station at Sullivant and Clarendon avenues. The woman confirmed that Duty had money with him and asked if he wanted to go to their “normal spot.” Duty drove away in his police vehicle, relocated to a different alley, and met up with the woman. Duty removed his body worn camera and blocked it from recording video. The camera, however, still recorded audio from the incident. The audio recording reveals Duty asking the woman several times to have sex. She declines but performs oral sex on Duty. The two discuss meeting up later for sex and Duty paid the woman $20 for the sex act. During this time, he was marked “out,” indicating that he was actively working on a police call.

    Further review of Duty’s digital devices revealed numerous conversations in which Duty would seek out sex from various women, including victims of crime, whom he met while working on duty as a Columbus Police Officer. He would also send messages to sex workers while working and then meet up with them in his police cruiser, engage in sex acts with them, and then pay them for the sex acts.

    Duty was indicted by a federal grand jury in April 2024. He had been employed with the Columbus Division of Police since June 2018.

    Acting United States Attorney Kelly A. Norris, Ohio Attorney General Dave Yost, Columbus Police Chief Elaine Bryant, U.S. Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF) Acting Special Agent in Charge Thomas A. Greco,  U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) Acting Special Agent in Charge Jared Murphy, and Federal Bureau of Investigation (FBI) Special Agent in Charge Elena Iatarola announced the sentence imposed today by Chief U.S. District Judge Sarah D. Morrison.

    Assistant United States Attorneys Emily Czerniejewski and Kevin W. Kelley are representing the United States in this case, which was investigated by the Ohio Organized Crime Investigations Commission’s Central Ohio Human Trafficking Task Force.

    # # #

    MIL Security OSI

  • MIL-OSI: Stablecoin USDC Goes Live on XRP Ledger, PFMCrypto Launches XRP Cloud Mining to Secure Daily Stable Returns

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, June 13, 2025 (GLOBE NEWSWIRE) — The integration of USDC and the XRP ecosystem signals a market shift toward low volatility and high certainty. PFMCrypto’s innovative XRP cloud mining emerges as the rational choice for prudent investors.

    In June 2025, USDC, the second-largest stablecoin in the U.S., officially integrated with the high-performance public blockchain XRP Ledger—one of the most closely watched developments in the crypto space this year. This integration marks the convergence of two widely adopted, compliance-oriented ecosystems, signifying a shift in the crypto industry from speculative volatility toward practical utility and stable returns. XRP has long been favored by institutional investors for its strengths in cross-border payments and enterprise use. With USDC now available on the XRP Ledger, this perception is reinforced, ushering in a wave of investment strategies centered around “certainty over speculation.”

    PFMCrypto Seizes the Moment with XRP Cloud Mining to Match Tech Momentum with Market Demand
    At this pivotal moment, leading global crypto mining platform PFMCrypto announced the launch of its XRP cloud mining service, introducing USDC as a supported settlement option. This innovative offering targets users seeking stable and low-barrier passive income through crypto.

    The service leverages PFMCrypto’s global smart mining infrastructure and the XRP Ledger’s low-cost, high-speed network to maximize mining efficiency and yield. Users can receive payouts in USDC or XRP and optionally choose from 11 major cryptocurrencies—including BTC, BCH, SOL, DOGE, and ETH—for their mining rewards.

    Why Are Prudent Investors Turning to PFMCrypto’s XRP Mining?
    – XRP is increasingly viewed as a “crypto bond”—stable, regulated, and utility-driven
    – USDC provides a volatility-resistant settlement anchor, ideal for conservative strategies
    – Beginner-friendly onboarding: No technical experience required. New users get a $10 signup bonus
    – Daily stable returns: Profits withdrawable daily; principal is fully refunded at contract maturity
    – One-stop solution: PFMCrypto covers all electricity, maintenance and operation needs. Institutional-grade mining for individual users—without the complexity, so that individual users can also enjoy professional cloud mining dividends like institutions;

    This model greatly reduces the technical threshold and is particularly suitable for the “first step” of traditional financial management users to enter the encryption field. ——Even novices can start mining in a few minutes.

    Five Key Advantages of PFMCrypto XRP Cloud Mining
    Strong Mining Power: PFMCrypto operates 20 green, low-energy mining farms worldwide with highly efficient power allocation
    Transparent Earnings: Daily profits are publicly verifiable and instantly credited to user accounts via mobile or desktop
    Flexible Settlements: Deposits and withdrawals are supported in 11 major cryptocurrencies, including stablecoins
    Flexible Contracts: Multiple durations available (1-day, 2-day, 5-day, 9-day, etc.) to suit different investment strategies
    Top-tier Fund Security: Robust architecture with hot/cold wallet separation and multilayer asset protection

    Sample Investment Plans:
    Trial Contract: Investment: $100 | Net Profit: $106.6
    Classic Contract: Investment: $500 | Net Profit: $530.75
    Classic Contract: Investment: $3,000 | Net Profit: $3,888
    Prepaid Contract: Investment: $5,000 | Net Profit: $7,370
    Advanced Contract: Investment: $10,000 | Net Profit: $17,240

    How to Start XRP Cloud Mining in 3 Simple Steps?
    1. Create an account at https://pfmcrypto.net 
    2. Choose a mining plan: Flexible packages available; all support 11 major cryptocurrencies
    3. Make a payment and start earning: Daily automated mining returns, viewable in real-time via your dashboard

    Even users new to crypto or mining can start generating stable mining income in under 10 minutes.
    About PFMCrypto
    PFMCrypto is a global leader in crypto mining and passive income infrastructure, serving both retail and institutional clients with transparent, efficient, and stable cloud mining solutions. To date, PFMCrypto has served more than 9.2 million users worldwide and processed over $1 billion in mining payouts. With operational hubs across Asia, Europe, and North America, and partnerships with leading mining farms and data centers, PFMCrypto is committed to reshaping how users interact with crypto investments.

    PFMCrypto’s mission: “Make crypto earnings as simple and reliable as a savings account.”
    Visit https://pfmcrypto.net now and claim your $10 crypto bonus to get started.

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

    The MIL Network

  • MIL-OSI Security: Rwandan Immigrant Arrested for Concealing Role as Perpetrator of Genocide After Fraudulently Entering the United States

    Source: United States Attorneys General 1

    A federal grand jury in Ohio has returned a three-count indictment unsealed today charging Rwandan national Vincent Nzigiyimfura, also known as Vincent Mfura, 65, of Dayton, Ohio with lying on his U.S. immigration and naturalization applications. Specifically, the indictment alleges that he concealed his role as a perpetrator of the genocide in Rwanda in 1994, among other misrepresentations. Nzigiyimfura was arrested Wednesday in Dayton and made his initial appearance yesterday in the U.S. District Court for the Southern District of Ohio.

    According to the indictment, Nzigiyimfura participated in the genocide that took place between April and July 1994, when members of Rwanda’s majority Hutu population killed hundreds of thousands of the country’s minority Tutsi ethnic group in an attempt to eradicate the ethnic group. An estimated 500,000 to 800,000 ethnic Tutsis and moderate Hutus were killed during the three-month genocide. Nzigiyimfura, a Rwandan businessman and butcher, was allegedly a leader and organizer of the genocide against Tutsis in the area in and around Gihisi and Nyanza. Nzigiyimfura allegedly provided weapons, transportation, and material inducements to other Hutus and directed them to search for and apprehend people to be killed based on their status as Tutsis. He allegedly set up roadblocks to detain and kill Tutsis, using his personal vehicle to transport materials to build the roadblocks. According to the indictment, Nzigiyimfura devised a scheme to trick Tutsis in hiding to believe that the killings had stopped only to have them rounded up and murdered. 

    “As alleged, Vincent Nzigiyimfura directed and encouraged murders during the genocide in Rwanda and then lied to U.S. authorities to start a new life in this country,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The United States is not a safe haven for human rights violators. Those, like the defendant, who commit immigration fraud to hide their violent pasts will be charged and prosecuted to the fullest extent of the law.”

    Mr. Galeotti thanked the prosecutors from the Criminal Division’s Human Rights and Special Prosecutions Section (HRSP), agents from HSI Cincinnati and the U.S. Attorney’s Office for the Southern District of Ohio for their work in bringing this important prosecution.

    “The indictment alleges this defendant facilitated the killings of Tutsis during the Rwandan genocide and then lied about it on immigration applications in the United States,” said Acting U.S. Attorney Kelly A. Norris for the Southern District of Ohio. “This egregious conduct will not be tolerated.”

    “U.S. Immigration and Customs Enforcement Homeland Security Investigations (ICE-HSI) is committed to pursuing justice for victims of genocide by ensuring that those who committed atrocities in foreign lands cannot hide in Ohio or any other community in the United States,” said Acting Special Agent in Charge Jared Murphey of ICE HSI Detroit. “No one wants a war criminal as their neighbor and these allegations paint a grim picture of the horror Nzigiyimfura inflicted on the Tutsi people. His indictment and arrest is a step toward justice for those victims. ”

    When the genocide ended in 1994, as alleged, Nzigiyimfura fled Rwanda and later lived in Malawi. While living in Malawi in 2008 to 2009, Nzigiyimfura allegedly submitted materially misleading applications for an immigrant visa and alien registration, including by falsely representing that he was not an alien who had engaged in genocide. In the presence of a U. S. Consular Officer, Nzigiyimfura affirmed he understood that any willfully false or misleading statement or willful concealment of material facts could subject him to criminal prosecution. Additionally, according to the indictment, Nzigiyimfura submitted an affidavit in which he misleadingly claimed he “left Rwanda in 1994 due to the Genocide,” when in fact, he fled the country because of his participation in the persecution and massacre of Tutsis. His alleged misrepresentations and omissions yielded an immigrant visa to enter the United States in 2009.

    Five years later, Nzigiyimfura submitted an application to naturalize as a U. S. citizen. Here, too, according to the indictment, he knowingly made false statements and omitted material facts, including claiming he had never persecuted any person, never committed a crime or offense, and never lied to any U. S. Government official to gain entry to the United States. In a November 2014 interview with a U. S. Citizenship and Immigration Services officer, Nzigiyimfura verbally reaffirmed these false statements, as well as others, according to the indictment. His application for naturalization has not been granted. Nzigiyimfura has lived in the United States since 2009.

    In 2018, according to the indictment, Nzigiyimfura submitted an application and supporting documentation for a replacement Permanent Resident Card (green card) that was due to expire in 2019 and obtained a new fraudulently procured green card with an expiration date in 2029. On July 27, 2021, Nzigiyimfura allegedly used his fraudulently procured replacement green card in connection with an application for an Ohio driver’s license.

    Nzigiyimfura is charged with one count of visa fraud and two counts of attempted naturalization fraud. If convicted, he faces a statutory maximum penalty of 30 years in prison. A federal district court judge will determine any sentence after considering the U. S. Sentencing Guidelines and other statutory factors.

    HSI Cincinnati is investigating the case, with assistance from the Human Rights Violators and War Crimes Center (HRVWCC). Established in 2009, the HRVWCC furthers the government’s efforts to identify, locate, and prosecute human rights abusers in the United States, including those who are known or suspected to have participated in persecution, war crimes, genocide, torture, extrajudicial killings, female genital mutilation, and the use or recruitment of child soldiers. 

    Trial Attorney Brian Morgan of the Criminal Division’s HRSP and Assistant U. S. Attorney Rob Painter of the Southern District of Ohio are prosecuting the case, with assistance from HRSP Historian/Analyst Dr. Christopher Hayden and the Justice Department’s Office of International Affairs.

    Members of the public who have information about former human rights violators in the United States are urged to contact U. S. law enforcement through the HSI tip line at 1-866-DHS-2-ICE (1-866-347-2423) or internationally at 001-1802-872-6199. They can also email HRV. ICE@ice. dhs. gov or complete its online tip form at www. ice. gov/exec/forms/hsi-tips/tips. asp.

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

    MIL Security OSI