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Category: Finance

  • MIL-OSI Security: Florida Man Admits Role in $4.8 Million Health Care Fraud and Kickback Scheme

    Source: US FBI

    NEWARK, N.J. – A Florida man today admitted his role in a health care fraud and kickback scheme that caused more than $4.8 million in losses to Medicare, United States Attorney Alina Habba announced.

    Charles P. Kasbee, Jr., 48, of Palm Beach Shores, Florida, pleaded guilty before U.S. District Judge Michael E. Farbiarz in Newark to an Information charging him with one count of conspiracy to commit health care fraud and one count of conspiracy to violate the federal Anti-Kickback Statute.

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

    From February 2019 to September 2019, Kasbee and his co-conspirators participated in a scheme to submit claims to Medicare for medically unnecessary cancer genetic screening (CGX) tests that were procured through a web of bribes and kickbacks.  Kasbee utilized the services of marketing call centers, which employed deceptive telemarketing techniques to obtain Medicare beneficiaries’ personal and medical information.  Then, Kasbee and others arranged for CGX testing kits to be sent to the identified beneficiaries.  Once the CGX test kits were completed by the beneficiaries, the kits were shipped to a testing laboratory, which submitted claims for reimbursement to Medicare.  Kasbee received kickback payments exceeding $1,200 for each CGX test resulting in Medicare reimbursement.

    To conceal the scheme, Kasbee entered into contracts with his co-conspirators that falsely labeled kickback and bribe payments as “expenses.”  Then, Kasbee and his co-conspirators created false invoices that disguised the true reasons for the kickback and bribe payments.  Instead, Kasbee received payments based solely on the number of CGX tests that Medicare reimbursed, in violation of the federal Anti-Kickback Statute.    

    As a result of the health care fraud and kickback scheme, Kasbee and his co-conspirators caused a loss to Medicare of more than $4.8 million.

    Conspiracy to commit health care fraud carries a maximum potential penalty of 10 years in prison and a $250,000 fine.  Conspiracy to violate the federal Anti-Kickback Statute carries a maximum potential penalty of five years in prison and a $250,000 fine. Sentencing is scheduled for November 19, 2025.

    U.S. Attorney Habba credited special agents of the FBI, under the direction of Special Agent in Charge Stefanie Roddy in Newark; the Department of Health and Human Services-Office of Inspector General, under the direction of Special Agent in Charge Naomi Gruchacz; the U.S. Department of Defense, Office of the Inspector General, Defense Criminal Investigative Service, under the direction of Acting Special Agent in Charge Christopher Silvestro; and the U.S. Department of Veterans Affairs Office of Inspector General, under the direction of Special Agent in Charge Christopher F. Algieri with the investigation leading to the charge.

    The government is represented by Assistant U.S. Attorney Garrett J. Schuman of the Health Care Fraud and Opioid Enforcement Unit.

                                                               ###

    Defense counsel:  Joshua S. Lowther, Esq., Atlanta, GA

    MIL Security OSI –

  • MIL-OSI Security: New York Man Admits Health Care Fraud Scheme for Submitting Falsified Prescriptions to Medicare and Medicaid

    Source: US FBI

    NEWARK, N.J. – A New York man admitted his role in a scheme to defraud Medicare and Medicaid by submitting falsified prescriptions, U.S. Attorney Alina Habba announced today.

    Thomas Conzo, 49, of Staten Island, New York, pleaded guilty today, before U.S. District Judge Michael A. Shipp in Trenton federal court to an information charging him with one count of health care fraud.

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

    Defendant Thomas Conzo owned and operated Elite Pharmacy, a specialty pharmacy located in Linden, New Jersey. From August 2022 through March 2023, Conzo submitted hundreds of thousands of dollars of fraudulent claims for prescriptions to health care benefit programs, including Medicare and Medicaid, on behalf of Elite Pharmacy.  Conzo used the credentials of pharmacists who did not work at Elite Pharmacy or otherwise review, sign, or authorize those prescriptions.

    The charge of health care fraud is punishable by a maximum potential penalty of 10 years in prison and a fine of $250,000, or twice the gross profit or loss caused by the offense, whichever is greatest. Sentencing is scheduled for December 4, 2025.

    U.S. Attorney Habba credited special agents of the U.S. Postal Inspection Service in Newark, under the direction of Inspector in Charge Christopher A. Nielsen, Philadelphia Division; special agents of the Internal Revenue Service – Criminal Investigation, under the direction of Special Agent in Charge Jenifer Piovesan in Newark; and special agents of the Federal Bureau of Investigation, under the direction of Acting Special Agent in Charge Stefanie Roddy, with the investigation leading to the charges.

    The government is represented by Assistant U.S. Attorney George Brandley of the Health Care Fraud and Opioids Enforcement Unit in Newark.

                                                               ###

    Defense counsel:  Maria Noto, Esq. 

    MIL Security OSI –

  • MIL-OSI Security: Former Real Estate Investment Coach Pleads Guilty to Wire Fraud in Connection with a $3 Million Dollar Real Estate Investment Scheme

    Source: US FBI

    CONCORD – A Manchester woman plead guilty today in federal court for operating a fraudulent real estate investment scheme, Acting U.S. Attorney Jay McCormack announces.

    Robynne Alexander, age 63, plead guilty in federal court to one count of wire fraud. U.S. District Court Judge Samantha D. Elliott scheduled Alexander’ sentencing for October 15, 2025.

    According to the charging documents and statements made in court, beginning in 2018, the defendant, previously a real estate investment coach, began raising funds from her coaching clients for a New England real estate venture, Raxx‑LeMay, LLC. Despite promising to acquire and renovate two commercial properties in Manchester she only raised $700K of the $2M minimum required by the May 2018 deadline. Among the terms of her agreement with investors, if the minimum dollar amount was not raised by that date, investors were to get their money back with interest. Despite not having raised the required minimum dollar amount, the defendant did not return investor money with interest, but instead proceeded to use investor money for purposes that were not permitted under the offering terms. Nevertheless, she completed the purchase in July 2018 using expensive hard‑money loans and improperly diverted investor funds to other entities she controlled, to repay outside investors, and to fund additional projects.

    Over the next few years, the defendant used investor capital across multiple projects without proper authority or disclosure. For example, she transferred the Raxx‑LeMay properties to a new entity she controlled in early 2022, despite lacking investor approval, leaving Raxx‑LeMay with no assets and investors with total losses of about $850,000. In a separate project, Elm and Baker, LLC, Alexander solicited $750,000 to convert a Manchester property to apartments but diverted more than half of the funds to repay unrelated investors and personal loans, culminating in foreclosure on that property in 2023. Similarly, in late 2022, she solicited funds for a large‑scale resort project in Laconia receiving $250,000 from investors toward the purchase before misappropriating at least $75,000 and ultimately failing to close on the property, causing the project to dissolve. Across at least eight ventures, the defendant defrauded at least 24 investors of roughly $3,023,000.

    The charging statute provides for a sentence of up to 20 years of imprisonment. The statute provides for a supervised release term of up to 3 years, and a maximum fine of $250,000 or twice the pecuniary gain, whichever is greater. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The Federal Bureau of Investigation led the investigation.  The Securities and Exchange Commission and the New Hampshire Bureau of Securities Regulation provided valuable assistance. Assistant U.S Attorney John J. Kennedy is prosecuting the case.

     

    ###

    MIL Security OSI –

  • MIL-OSI USA: Congressman Moran Votes to Strengthen National Defense and Support America’s Servicemembers

    Source: Congressman Nathaniel Moran (R-TX-01)

    Congressman Moran Votes to Strengthen National Defense and Support America’s Servicemembers

    The FY26 Defense Appropriations Bill Reins in Wasteful Spending and Invests in Military Readiness

    Washington, D.C., July 18, 2025

    Congressman Nathaniel Moran (R-TX-01) released the following statement after voting in favor of the Fiscal Year 2026 Defense Appropriations Act (H.R. 4016), which passed the U.S. House of Representatives today:

    “Under President Trump’s leadership, we’re finally rebuilding the strength and resolve of our Armed Forces. This bill reflects that effort—by investing in servicemembers, eliminating waste, countering foreign threats like China and Iran, and ensuring our defense dollars are focused on combat readiness, not left-wing social experiments.

    “The FY26 Defense Appropriations Act supports our troops, prioritizes taxpayer accountability, and delivers critical investments for military families across East Texas. I was proud to vote for this bill and will continue standing with those who defend our nation.”

    Securing Texas Wins

    • Increases funding for pay and benefits for active-duty military and reserve personnel across all branches, including over $10.2 billion for the Army National Guard and $5.3 billion for the Air National Guard, both with strong Texas footprints.
    • Delivers $575+ million for environmental restoration across Army, Navy, and Air Force installations, including former sites in Texas.
    • Provides over $36.9 billion for shipbuilding and naval modernization, supporting Gulf Coast industrial jobs tied to defense manufacturing.
    • Maintains support for hypersonic and next-generation weapons research, much of which is based in Texas institutions.

    Cutting Waste, Refocusing Defense Priorities

    • Saves taxpayer dollars by reducing inefficient Pentagon programs and bureaucratic offices.
    • Blocks efforts to consolidate legislative liaison offices that reduce transparency and Congressional oversight.

    Securing the Border and Combating Terrorism 

    • Fully funds $357 million for the Counter-ISIS Train and Equip Fund, including tight vetting restrictions to prevent funding terrorist-linked individuals or groups.
    • Expands National Guard and Reserve Equipment Procurement by $800 million, bolstering homeland defense and disaster response readiness.
    • Allocating approximately $13 billion for missile defense and space programs to augment and integrate in support of the Golden Dome effort.

    Deterring China, Iran, and Other Foreign Adversaries

    • Increases funding for DOD’s Cooperative Threat Reduction program ($282 million) to reduce chemical, biological, and nuclear risks, particularly from regimes like Iran and North Korea.
    • Provides new authority and funding for DOD-led cybersecurity and supply chain risk reduction to block Chinese espionage and hacking efforts.

    Ensuring Oversight & Accountability

    • Requires quarterly public reporting to Congress on use of funds for foreign military assistance and classified operations.
    • Expands restrictions on use of funds for procurement from countries hostile to U.S. national security interests.

    You can learn more about the FY26 Defense Appropriations Act HERE.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Q&A: Organized Retail Crime Costs Families $500 Annually

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    Q: How does organized retail crime impact Main Street businesses and customers?

    A: Organized crime syndicates are rampaging retail stores and cargo fleets across the country through sophisticated criminal schemes. It’s costing businesses and consumers billions of dollars a year. We’re not talking about a kid stealing a candy bar or pack of gum near the checkout counter. These schemes include cybercrime, fraud and other complex cons that have surged in recent years, with the average loss per cargo theft incident exceeding $200,000. Transnational criminal organizations target U.S. shippers, retailers and the supply chain with aggressive tactics overwhelming local law enforcement. Cargo theft costs the supply chain up to $35 billion each year, contributing to higher consumer prices and driving up insurance costs.

    According to the National Retail Federation, more than 73 percent of retailers report shoplifters are exhibiting more violence and aggression than the previous year, putting their employees, customers and law enforcement and security personnel at risk. These orchestrated crimes plunder large quantities of merchandise from retail stores, warehouses and the supply chain. Then criminal enterprises turn around to resell the stolen goods online or through other illicit channels for profit. As chairman of the Senate Judiciary Committee, I held a congressional hearing in July to hear from retailers, shippers and others impacted along the supply chain by these crimes. An executive with the American Trucking Association called for a coordinated federal response to address this dangerous and costly criminal activity and backed my bipartisan bill, the Combatting Retail Crime Act, to establish a multi-agency response, giving law enforcement new tools to respond to the surge in cargo theft across the country.

    At the hearing I brought up recent efforts by the U.S. Department of Justice that indicted 11 defendants, including nine illegal immigrants, with stealing nearly a half-million dollars of Nike shoes from rail cars. Even more serious is when criminals steal from the food supply chain, like from a pallet of groceries or infant formula, since they break the safety seal of the shipping container and ruin the entire cargo container of goods. I also brought up another investigation that connected thefts at a mall in Katy, Texas to a cartel that’s believed to be responsible for over $100 million in theft across the country. It’s a sweeping problem that demands swift justice. Homeland Security Investigations estimate the average American family will pay more than $500 in additional costs each year due to organized retail crime.

    Q: How would your bill combat these crimes?

    A: A few years ago, I convened a roundtable in Cedar Rapids to hear concerns and learn from local retail leaders and law enforcement about the rise in organized retail crimes. Since then, I’ve pushed for a coordinated response at the federal level. The Department of Homeland Security has found that cartels, terrorists and human traffickers facilitate organized retail and supply chain crime and use the proceeds to finance other crimes. It’s a criminal hamster wheel that spans the globe and demands an informed and beefed up response from the nation’s counterterrorism and intelligence agencies. At the Senate hearing in July, I asked the District Attorney for San Diego County why it’s important for prosecutors to aggregate the value of stolen goods. She explained that aggregation distinguishes between someone who shoplifts food to eat from the repeat criminal offender who goes into a store with a calculator to stay under a $950 threshold so that the criminal would only be subject to a misdemeanor. That misguided policy led to retail stores locking up merchandise, instead of prosecutors locking up the perpetrators stealing the merchandise. I was pleased to hear California changed this poppycock policy to allow prosecutors to aggregate stolen merchandise in the pursuit of justice. I’ll continue pushing in Congress for criminal action to be met with criminal punishment.

    MIL OSI USA News –

  • MIL-OSI USA: National Anti-Counterfeiting Month Resolution Unanimously Passes Senate

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) and Sen. Chris Coons (D-Del.), co-chairs of the Congressional Trademark Caucus, welcomed the Senate’s unanimous passage of their resolution designating July as “National Anti-Counterfeiting and Consumer Education and Awareness Month.” The bipartisan effort aims to drive awareness of the economic importance of trademarks and their role in protecting consumers.

    Grassley and Coons are joined on the resolution by Sens. Thom Tillis (R-N.C.) and Mazie Hirono (D-Hawaii).

    “Counterfeit products threaten our economy and consumers’ health and well-being,” Grassley said. “I’m glad to lead this bipartisan effort to educate Americans on the dangers of illicit knockoffs and the economic value of trademarks.”

    “Americans should have confidence that the products they’re buying are legitimate and safe – that they have been tested for dangerous chemicals, comply with regulatory standards and aren’t supporting criminal enterprises,” Coons said. “Businesses should be able to protect and sell their innovative products without fear that every new idea will be stolen. My resolution with my Congressional Trademark Caucus co-chair, Senator Grassley, protects American businesses, the public and our economy by raising awareness of counterfeit goods, and I’m glad the Senate has shown it shares this goal by unanimously passing our resolution.”

    “Counterfeit products hurt American businesses and put consumers at serious risk,” Tillis said. “I’m proud to support this resolution recognizing the importance of trademark protections and raising awareness on the dangers of counterfeiting.”

    “The true cost of counterfeiting cannot be measured in dollars alone, but in the injuries to consumers caused by often dangerous fakes, in diminished investments to drive the next wave of innovation by American businesses, in jobs lost to unfair competition, and increasingly, by the threats such products pose to our national security,” said Travis Johnson, Vice President for Legislative Affairs of the International Anti-Counterfeiting Coalition. “We applaud the passage of S.Res. 314, and thank the sponsors – Senator Grassley, Senator Coons, Senator Hirono and Senator Tillis – both for their leadership on this issue, and for their recognition of the vital role that education can play in helping to protect consumers, legitimate businesses and the economy as a whole.”

    “Illicitly traded goods—including apparel, footwear, accessories, and travel goods—undermine trusted American brands but also threaten the jobs and livelihoods of millions of U.S. workers and the safety of American consumers and the environment. Thank you to Senator Grassley and Senator Coons for again recognizing the need for this ‘National Anti-Counterfeiting and Consumer Education and Awareness Month’ – bringing vital attention to the role trademarks play in both the U.S. economy and the protection of consumers. AAFA applauds these essential national efforts to continue to raise consumer awareness of the dangerous and growing counterfeit crisis,” said Steve Lamar, President and CEO of the American Apparel & Footwear Association.

    Read the full resolution HERE.

    Background:

    As co-chair of the Congressional Trademark Caucus and former chairman of the Senate Finance Committee, Grassley is a longtime advocate for consumer safety and intellectual property rights. In 2021, the Grassley-backed INFORM Consumers Act was signed into law, ensuring transparency of third-party sellers in online retail marketplaces. Grassley has also introduced legislation to halt counterfeit imports and spearheaded a resolution highlighting the dangers of counterfeit prescription drugs.

    -30-

    MIL OSI USA News –

  • CIL pledges ₹10 crore to enhance tribal education in Chhattisgarh’s Eklavya Model Residential Schools

    Source: Government of India

    Source: Government of India (4)

    In a significant move to uplift tribal education, the Ministry of Tribal Affairs (MoTA) and Coal India Ltd (CIL) on Friday signed a landmark Memorandum of Understanding (MoU) to enhance the quality of education for over 28,000 tribal students across 68 Eklavya Model Residential Schools (EMRS) in Chhattisgarh. Under its Corporate Social Responsibility (CSR) initiative, CIL has committed ₹10 crore to support digital education, health, and entrepreneurship programs for these students.

    The Eklavya Model Residential Schools, established by MoTA, provide quality education to Scheduled Tribe (ST) children, equipping them for higher education and professional opportunities while ensuring their nutrition and overall development. Currently, 479 EMRS are operational nationwide. This collaboration aims to create a modern, innovative learning environment and foster equal opportunities for students from marginalized communities.

    CIL’s contribution will fund the establishment of computer labs with approximately 3,200 computers and 300 tablets to promote digital education. Additionally, the initiative will prioritize the health and hygiene of girl students by installing around 1,200 sanitary napkin vending machines and incinerators in schools and hostels. The program also includes comprehensive mentorship for students and residential entrepreneurial boot camps at prestigious institutions like IIT, IIM, and NIT to cultivate an entrepreneurial mindset among tribal youth.

    Implemented through the National Scheduled Tribes Finance and Development Corporation (NSTFDC), a Section 8 company under MoTA, this initiative aligns with the National Education Policy (NEP) 2020, emphasizing equitable and inclusive education.

  • MIL-OSI USA: Attorney General Alan Wilson announces Anderson Co. man sentenced for sexually assaulting minorRead More

    Source: US State of South Carolina

    (COLUMBIA, S.C.) – Attorney General Alan Wilson announced that an Anderson County man has been sent to prison for sex crimes against minors. On July 16th, Julio Cesar De La Cruz Reyes pleaded guilty to one count of Criminal Sexual Conduct with a Minor, 3rd degree, and one count of Sexual Exploitation of a Minor, 2nd degree.

    On August 18, 2023, Special Investigator Kevin Atkins with the South Carolina Attorney General’s Office conducted a proactive investigation into the use of a file-sharing network for the distribution and possession of Child Sexual Abuse Material. While conducting this investigation, Investigator Atkins discovered a user of the network sharing files. Further investigation revealed that the files were being shared from the Anderson County residence of Julio Reyes. A search warrant was executed at the home on February 9, 2024. When law enforcement talked to Reyes, he admitted ownership of the child sexual abuse material. He also disclosed that in addition to watching and sharing child sexual abuse material, he had sexually assaulted a minor in Anderson County. Reyes was taken into custody at that time. A forensic examination of his cell phone was done by forensic examiner Jamie Johnson of the South Carolina Attorney General’s office. In all, 392 images and videos of child sexual abuse material were found on the device, including images of babies and toddlers.

    Judge R. Lawton McIntosh sentenced Reyes to 15 years at the SC Department of Corrections on the CSC with a Minor, 3rd degree charge, and 10 years at the SC Department of Corrections on the Sexual Exploitation of a Minor, 2nd degree charge. These sentences will run concurrently, and he received credit for 527 days of time served. He will have to register as a sex offender.

    MIL OSI USA News –

  • MIL-OSI: Nasdaq statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — Today, Nasdaq issued the following statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it.

    Nasdaq is aware of the preliminary proxy that was filed by Invesco QQQ Trust and the proposals contained within it. Invesco and Nasdaq were engaged in dialogue as Invesco explored bringing these proposals to shareholders.

    The proposed change to the Trust structure does not alter the terms of Nasdaq’s licensing arrangements with Invesco nor the administration of the Nasdaq-100® Index. If the proposals are approved, Invesco will pay the associated license fee out of its unitary management fee, as compared to the current state where the license fee is paid by QQQ directly.

    We remain committed to our strategic partnership with Invesco and delivering the trusted benchmark on which investors rely.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements regarding our future financial results and our partnerships, agreements, products and services. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise

    -NDAQF-

    Media Contacts: Maximilian Leitenberger, Nasdaq, Maximilian.leitenberger@nasdaq.com

    Investor Relations Contact: Ato Garrett, Ato.Garrett@Nasdaq.com

    The MIL Network –

  • MIL-OSI: Nasdaq statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — Today, Nasdaq issued the following statement on the preliminary proxy filed by Invesco QQQ Trust and the proposals contained within it.

    Nasdaq is aware of the preliminary proxy that was filed by Invesco QQQ Trust and the proposals contained within it. Invesco and Nasdaq were engaged in dialogue as Invesco explored bringing these proposals to shareholders.

    The proposed change to the Trust structure does not alter the terms of Nasdaq’s licensing arrangements with Invesco nor the administration of the Nasdaq-100® Index. If the proposals are approved, Invesco will pay the associated license fee out of its unitary management fee, as compared to the current state where the license fee is paid by QQQ directly.

    We remain committed to our strategic partnership with Invesco and delivering the trusted benchmark on which investors rely.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements regarding our future financial results and our partnerships, agreements, products and services. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise

    -NDAQF-

    Media Contacts: Maximilian Leitenberger, Nasdaq, Maximilian.leitenberger@nasdaq.com

    Investor Relations Contact: Ato Garrett, Ato.Garrett@Nasdaq.com

    The MIL Network –

  • MIL-OSI: 21Shares Files for 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — 21Shares US LLC today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for two Funds, the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.

    The exchange-traded funds are the first crypto basket ETFs to be registered under the Investment Company Act of 1940. Each Fund is designed to offer diversified exposure to the crypto market through dedicated indexes, constructed by 21Shares and maintained by FTSE Russell.

    • The 21Shares FTSE Crypto 10 Index ETF tracks a market cap-weighted index of the top ten largest crypto assets globally. This index dynamically adjusts to reflect the size and success of each asset, allowing the market itself to determine the leaders. Larger, more relevant cryptocurrencies naturally hold greater weights, capturing the evolving landscape of the crypto space.
    • The 21Shares FTSE Crypto 10 ex-BTC Index ETF tracks a separate FTSE Russell index that excludes Bitcoin, investing exclusively in cryptocurrencies and blockchain networks that focus on real-world applications beyond Bitcoin’s macro hedge proposition.

    Asset inclusion in the index is subject to a dual-layer research review by both FTSE Russell and 21Shares.

    Structured as 1940 Act funds, the ETFs also offer investors a familiar and more tax-efficient vehicle, qualifying for Form 1099 tax reporting instead of the more complex K-1 forms often associated with other structures.

    “These filings represent a step in 21Shares’ regulatory engagement in the U.S.,” said Federico Brokate, Head of U.S. Business at 21Shares. “Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets, and 21Shares aims to provide ETF structures to satisfy this demand, subject to regulatory approval.”

    “The methodology and structure behind our digital asset pricing and indices were developed to give investors strategic allocation tools”, said Kristen Mierzwa, Head of Digital Assets at FTSE Russell. “Collaborating with 21Shares on a market exposure pair – with and without Bitcoin – underscores our commitment to innovation in digital asset investing.”

    21Shares is launching the two Funds in partnership with ETF Solutions by Teucrium, who serves as the adviser and white-label platform supporting the development and efficient market entry of these products.

    A registration statement relating to the Funds has been filed with the SEC but has not yet become effective.

    About 21Shares

    21Shares AG, an affiliate of 21Shares US LLC, the sponsor to the 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF, is one of the world’s leading cryptocurrency exchange traded product providers, and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com.

    Media Contact

    Matteo Valli: matteo.valli@21shares.com
    Alethea Jadick: ajadick@sloanepr.com

    Important Information

    The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities or financial instruments in any jurisdiction, including the United States. Some of the information published herein may contain forward-looking statements and readers are cautioned that any such forward-looking statements are not guarantees of future performance, involve risks and uncertainties, and actual results may differ. Additionally, there is no guarantee as to the accuracy, completeness, timeliness, or availability of the information provided and 21.co and its affiliated entities are not responsible for any errors or omissions. The information contained herein may not be considered as economic, legal, tax, or other advice and viewers are cautioned not to base investment or any other decisions on the content hereof. Investments in crypto-related securities involve significant risk, including volatility and regulatory uncertainty. There is no guarantee that the Funds will be approved by the SEC or made available to investors.

    A registration statement relating to the securities of the Index ETFs has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

    The MIL Network –

  • MIL-OSI: 21Shares Files for 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 18, 2025 (GLOBE NEWSWIRE) — 21Shares US LLC today announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for two Funds, the 21Shares FTSE Crypto 10 Index ETF and the 21Shares FTSE Crypto 10 ex-BTC Index ETF.

    The exchange-traded funds are the first crypto basket ETFs to be registered under the Investment Company Act of 1940. Each Fund is designed to offer diversified exposure to the crypto market through dedicated indexes, constructed by 21Shares and maintained by FTSE Russell.

    • The 21Shares FTSE Crypto 10 Index ETF tracks a market cap-weighted index of the top ten largest crypto assets globally. This index dynamically adjusts to reflect the size and success of each asset, allowing the market itself to determine the leaders. Larger, more relevant cryptocurrencies naturally hold greater weights, capturing the evolving landscape of the crypto space.
    • The 21Shares FTSE Crypto 10 ex-BTC Index ETF tracks a separate FTSE Russell index that excludes Bitcoin, investing exclusively in cryptocurrencies and blockchain networks that focus on real-world applications beyond Bitcoin’s macro hedge proposition.

    Asset inclusion in the index is subject to a dual-layer research review by both FTSE Russell and 21Shares.

    Structured as 1940 Act funds, the ETFs also offer investors a familiar and more tax-efficient vehicle, qualifying for Form 1099 tax reporting instead of the more complex K-1 forms often associated with other structures.

    “These filings represent a step in 21Shares’ regulatory engagement in the U.S.,” said Federico Brokate, Head of U.S. Business at 21Shares. “Investors are increasingly looking for diversified and easy-to-access ways to participate in the long-term growth of digital assets, and 21Shares aims to provide ETF structures to satisfy this demand, subject to regulatory approval.”

    “The methodology and structure behind our digital asset pricing and indices were developed to give investors strategic allocation tools”, said Kristen Mierzwa, Head of Digital Assets at FTSE Russell. “Collaborating with 21Shares on a market exposure pair – with and without Bitcoin – underscores our commitment to innovation in digital asset investing.”

    21Shares is launching the two Funds in partnership with ETF Solutions by Teucrium, who serves as the adviser and white-label platform supporting the development and efficient market entry of these products.

    A registration statement relating to the Funds has been filed with the SEC but has not yet become effective.

    About 21Shares

    21Shares AG, an affiliate of 21Shares US LLC, the sponsor to the 21Shares FTSE Crypto 10 Index ETF and 21Shares FTSE Crypto 10 ex-BTC Index ETF, is one of the world’s leading cryptocurrency exchange traded product providers, and offers the largest suite of crypto ETPs in the market. The company was founded to make cryptocurrency more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21Shares listed the world’s first physically-backed crypto ETP in 2018, building a seven-year track record of creating crypto exchange-traded funds that are listed on some of the biggest, most liquid securities exchanges globally. Backed by a specialised research team, proprietary technology, and deep capital markets expertise, 21Shares delivers innovative, simple and cost-efficient investment solutions.

    21Shares is a member of 21.co, a global leader in decentralized finance. For more information, please visit www.21Shares.com.

    Media Contact

    Matteo Valli: matteo.valli@21shares.com
    Alethea Jadick: ajadick@sloanepr.com

    Important Information

    The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities or financial instruments in any jurisdiction, including the United States. Some of the information published herein may contain forward-looking statements and readers are cautioned that any such forward-looking statements are not guarantees of future performance, involve risks and uncertainties, and actual results may differ. Additionally, there is no guarantee as to the accuracy, completeness, timeliness, or availability of the information provided and 21.co and its affiliated entities are not responsible for any errors or omissions. The information contained herein may not be considered as economic, legal, tax, or other advice and viewers are cautioned not to base investment or any other decisions on the content hereof. Investments in crypto-related securities involve significant risk, including volatility and regulatory uncertainty. There is no guarantee that the Funds will be approved by the SEC or made available to investors.

    A registration statement relating to the securities of the Index ETFs has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

    The MIL Network –

  • MIL-OSI United Kingdom: Report confirms Council’s stewardship of public resources is sound

    Source: City of Plymouth

    Plymouth residents can be assured that the City Council meets high standards for how it conducts its affairs and looks after public resources, a new report shows.

    The Council’s draft Annual Governance Statement shows external evaluation and assessments demonstrate it has maintained effective governance arrangements throughout 2024/25 and provided ‘reasonable assurance’ over the conduct of its affairs and stewardship of public resources.

    The report says an Assurance Review by the independent Chartered Institute of Public Finance and Accountancy (CIPFA) gave an overall positive assessment of the Council’s financial position and governance arrangements, noting efficient financial management processes and strong budget ownership.

    The Council also has strong governance over its procurement of goods and services, with a new organisational Procurement Strategy approved incorporating national and local priorities while accounting for upcoming legislative changes including the Procurement Act 2023.

    The Council’s Constitutional Framework is also robust, with refreshed Contract Standing Orders and rules of debate approved following a comprehensive review. Improvements include a legal implications sections added to committee and decision report templates.

    Internal Audit has provided ‘Reasonable Assurance’ on the adequacy and effectiveness of the Council’s internal control framework, while there is also constructive engagement with the Council’s external auditors and government reviewers.

    Council Leader Tudor Evans said: “We take our duty to ensure there is robust governance over decision making and how we spend public money extremely seriously, so it is heartening that we have these assurances from the bodies and systems that oversee this. It is a testament to the hard work and diligence of our finance team and council officers that our audit process provides a high level of confidence in our financial management and our systems and processes.

    “This report shows that those who try and make political capital by claiming the council is not managing its budgets carefully and responsibly are wrong. The evidence from those responsible for assessing and auditing what we do is that we have strong systems and oversight in place and that we are committed to continuing to do all we can to ensure we provide best value for Plymouth residents.”

    MIL OSI United Kingdom –

  • MIL-OSI Canada: Alberta’s Heritage Fund reaches new heights

    [. By investing in the Heritage Fund, by 2050 Alberta will be on the path to energize its economy, create new opportunities and fund projects that make life better for all Albertans.

    This $2.8-billion contribution marks a new record for the fund and keeps the province on track to reach its goal of $250 billion by 2050. The goal is to grow the fund to the point where, after 2050, Alberta would be able to withdraw some of the income the fund earns each year while still allowing it to grow over time. Those withdrawals could help cover fluctuations in resource revenue, invest in important infrastructure and keep taxes low.

    “Alberta is turning resource strength into lasting financial security. By growing the Heritage Fund, we’re strengthening core services like health care and education, while preserving the low-tax Alberta advantage. This $2.8-billion boost to the Heritage Fund is a bold step that sets the province on the path to success and puts Albertans first.”

    Danielle Smith, Premier

    “This investment is a key step in securing a prosperous future with stable revenues and competitive taxes for Albertans today and tomorrow.”

    Nate Horner, President of Treasury Board and Minister of Finance

    Alberta’s government recently launched their plan, Renewing the Alberta Heritage Savings Trust Fund: A Roadmap to Securing Alberta’s Future. This plan outlines how Alberta will grow the Heritage Fund to $250 billion by 2050 through strategic investments, global partnerships and strong governance, securing long-term economic growth and stability. These strategic investments will eventually fund the public services and infrastructure vital to supporting the growing province.

    Central to the plan is the leadership of the Heritage Fund Opportunities Corporation. The updated corporation will modernize the fund’s management and help Alberta access global investment opportunities to create meaningful wealth and future prosperity. Led by board chair Joe Lougheed, the corporation will strengthen the governance of Heritage Fund assets and support investment decisions independent from government.

    “Our role is to ensure the Heritage Fund is managed with the highest standards of governance and independence. By embracing global opportunities and modernizing oversight, we’re safeguarding Alberta’s wealth to deliver steady, long-term prosperity for Alberta’s future generations.”

    Joe Lougheed, chair, Heritage Fund Opportunities Corporation

    This historic boost to Alberta’s Heritage Fund isn’t just about the numbers – it’s about building a future where families thrive, communities grow and Alberta stays strong no matter what comes next.

    Quick facts:

    • Alberta’s government invested $2.8 billion from the 2024-25 surplus cash in the Heritage Fund, growing the fund to $30 billion from $27.2 billion in 2024-25.
      • This is up from $22.9 billion in 2023-24, the previous fiscal year.
    • Alberta’s goal is to grow the fund to $250 billion by 2050.
      • Once $250 billion is reached, interest from the fund will help stabilize resource revenue, invest in infrastructure and keep taxes low.
    • Since 2019-20, the Heritage Fund has grown more than 84 per cent:
      • from $16.3 billion to $30 billion.
    • Since 2022-23, the Heritage Fund has grown more than 41.5 per cent:
      • from $21.2 billion to $30 billion.
    • The board of the Heritage Fund Opportunities Corporation brings together the skills and expertise of Alberta and international leaders in investment management to set Alberta up for long-term success. The current members are:
      • Joe Lougheed, board chair, Alberta
      • Kate White, director, Alberta
      • Jacqueline Curzon, director, Switzerland
      • Jouko Karvinen, director, Finland
      • Chana Martineau, director, Alberta
      • Mary Ritchie, director, Alberta

    Related information

    • Heritage Savings Trust Fund
    • Renewing the Alberta Heritage Savings Trust Fund: a roadmap to securing Alberta’s future

    Multimedia

    • Watch the news conference

    MIL OSI Canada News –

  • MIL-OSI USA: Sojourner Truth State Park Improvements Underway

    Source: US State of New York

    overnor Kathy Hochul today announced the groundbreaking for the buildout of major elements of Sojourner Truth State Park in Ulster County, including a new swimming facility and bathhouse pavilion. Funded in part by the Clean Water, Clean Air, and Green Jobs Environmental Bond Act, other highlights slated to be completed by summer of 2026 include a new park entrance, entry road, trails and restrooms for visitors, and staff maintenance and administrative buildings. Named in honor of the life and legacy of 19th century African American abolitionist and suffragist, Sojourner Truth, the new park reclaims more than 500 acres of Hudson River shoreline land shared by the City of Kingston and the Town of Ulster and advances New York State’s commitment to Bond Act investments in disadvantaged communities.

    “A lack of access to safe and convenient swimming opportunities has denied far too many New Yorkers the chance to get off line and get outside by engaging with the water and learning foundational water safety skills,” Governor Hochul said. “The buildout at Sojourner Truth State Park is a step in the right direction to effect real change for Hudson Valley communities. This time next year, Ulster County residents and visitors will be welcomed to Lake Sophia to beat the heat and enjoy all that Sojourner Truth State Park has to offer, with more exciting park amenities continuing to be unveiled through 2027.”

    On the western side of the park, spring-fed quarry lake waters will become a public swimming facility named in honor of Sojourner Truth’s daughter, Sophia — the first new swimming facility in the State Parks system in 20 years (previous was Sandy Island Beach in 2005). Aligning with Governor Hochul’s Statewide Investment in More Swimming (NY SWIMS) initiative that invests in expanding swimming access across the State, Lake Sophia will offer hundreds of swimmers the option to enjoy a more structured swimming experience within a 12,000-square-foot floating swim crib or in a more adventurous deep-swim area. The swim crib will provide a safe environment for those learning to swim or who would benefit from the comprehensive accessible design. An adjacent pavilion will include public restrooms and showers, a first aid station and lifeguard facilities.

    Other park improvements that will be completed by summer 2026 include a new convenient park entrance directly off of Route 32 in Kingston that will lead visitors to upgraded roadways, parking lots, and sitewide trails in the park. Restoration of existing historic structures that illustrate the manufacturing history of the park grounds will also be completed within this timeframe.

    Additional buildout throughout Sojourner Truth State Park completed by 2027 will include additional trails including a scenic overlook destination; a repurposed industrial site with public restrooms, designed to host outdoor community events; and installations to interpret the area’s Indigenous Lenape heritage, industrial history, geology and natural environment. The entire project was designed to minimize the footprint of the improvements, maximize accessibility, foster the re-establishment of native ecosystems in the post-industrial landscape, and improve recreational opportunities in disadvantaged communities.

    The $75.6 million dollar project is largely supported by $68.1 million in funding from the Clean Water, Clean Air, and Green Jobs Environmental Bond Act at a location ideal for conservation, revitalization, and recreational public use. An additional $7.5 million in funding is supported by New York Works funding.

    New York State Parks Commissioner Pro Tempore Randy Simons said, “State Parks is thrilled to be building our first new swimming facility in two decades, expanding access to outdoor recreation, and fostering lifelong community connections at Sojourner Truth State Park for a community that’s suffered significant disinvestment for too long. Under the leadership of Governor Hochul, the public-private partnership between State Parks and the Palisades Interstate Park Commission, with initial momentum from Scenic Hudson, is continuing to transform this former industrial site into a phenomenal regional landmark and tribute to the legacy of a revolutionary New Yorker.”

    New York State Department of Environmental Conservation Commissioner Amanda Lefton said, “With Governor Hochul’s leadership, the Clean Water, Clean Air and Green Jobs Environmental Bond Act continues to advance projects in disadvantaged communities that build healthier and more resilient communities and improve access to affordable outdoor recreation for all. The new swimming facility and upgrades to Sojourner Truth State Park will help Hudson Valley residents, particularly those in the city of Kingston, keep cool during extreme heat and connect to nature in this historically significant location. DEC is thrilled to join Governor Hochul in celebrating this major investment and getting more New Yorkers offline and outside.”

    Palisades Interstate Park Commission Executive Director Joshua Laird said, “Sojourner Truth State Park will be our first state park serving the Kingston community and beyond. The site’s beautiful, rugged landscape also offers fantastic views of the Hudson River and reveals a compelling story of the area’s history, from its earliest native inhabitants to the emergence of Sojourner Truth as an activist for abolition and women’s rights, and the later industries that produced brick and stone for a growing region. PIPC is thrilled to be a part of improving this remarkable site with our partners at New York State Parks and offers its thanks to Governor Hochul for supporting the park and the development of our first new swimming facility in many years.”

    State Senator Michelle Hinchey said, “Every community deserves access to the outdoors, and having a free local spot to swim is an important public resource for staying healthy, cooling off in the summer, and enjoying a good quality of life. It’s incredibly special that the first new swimming facility in New York’s State Parks system in 20 years is being built right here in Ulster County, at Sojourner Truth State Park—a space that represents equity and access for everyone in our community. I’m thrilled to support this project and thank Governor Hochul, State Parks, and all involved for investing in Ulster County.”

    Ulster County Executive Jen Metzger said, “These visionary recreational improvements to Sojourner Truth State Park, including the creation of a new natural swim area, will expand opportunities to connect with nature and beat the heat of a changing climate, especially for underserved communities in the City of Kingston and Town of Ulster. To be able to cool off and play safely in a stunning fresh-water quarry lake is truly a gift to our communities, and I thank Governor Hochul and the NYS Office of Parks, Recreation, and Historical Preservation for transformative investments that will benefit public health and community quality of life for generations to come.”

    Kingston Mayor Steve Noble said, “We are so fortunate to have the Sojourner Truth State Park right here in Kingston, which provides spectacular outdoor opportunities in our unique environment, and whose name honors one of our cherished local heroes. With these new amenities, we will truly have a world-class facility that will be a regional destination. I thank Governor Hochul for recognizing Kingston’s special natural resources and for championing this park, which will be enjoyed for generations to come.”

    Scenic Hudson President Ned Sullivan said, “Imagine the delight of dipping into the brisk water of a spring-fed quarry lake – surrounded by the natural beauty of upstate New York – for an inspiring swim on a hot summer day. We are grateful to Governor Hochul for spearheading the next phase of exciting improvements to Sojourner Truth State Park, continuing the transformation of a once-contaminated and abandoned industrial site into a vital resource and destination for the community and visitors. It’s an honor to partner with State Parks and the Palisades Interstate Park Commission, and we pledge our continued support.”

    The project builds on Governor Hochul’s efforts to encourage affordable outdoor recreation. The Fiscal Year 2026 Budget includes $200 million for State Parks to invest in and aid the ongoing transformation of New York’s flagship parks and support critical infrastructure projects throughout the park system. The Governor’s new Unplug and Play initiative also earmarks $100 million for construction and renovation of community centers through the Build Recreational Infrastructure for Communities, Kids and Seniors (NY BRICKS), $67.5 million for the Places for Learning, Activity and Youth Socialization (NY PLAYS) initiative helping New York communities construct new playgrounds and renovate existing playgrounds; and an additional $90 million for the continuation of the NY SWIMS initiative.

    NY SWIMS focuses on underserved communities and areas prone to extreme heat and reverses decades of disinvestment to ensure public parks offer new, state-of-the-art swimming facilities which can serve thousands of daily visitors. This project also advances the Bond Act’s goal of investing at least 35 percent of funding on disadvantaged communities (DACs) that shoulder a disproportionate burden of negative environmental outcomes such as pollution exposure and lack of access to open space.

    Nearly 50,000 people in racially and ethnically diverse communities live within five miles of Sojourner Truth State Park. About half the site is in a Low to Moderate Income area as defined by the U.S. Department of Housing and Urban Development (HUD), and 17.9 percent of the people in the location’s zip code are below the census-defined poverty level. It’s the second park named after a trailblazing Black woman.

    Sojourner Truth was born Isabella Baumfree (Bomefree), enslaved among Dutch people in Ulster County. A dynamic abolitionist, suffragist, and human rights advocate, she “walked away by day-light,” freeing herself from slavery one year before legal enslavement ended in New York. Her accomplishments and vital contributions to American history are recognized with the Ulster County park’s naming and the installation of a bronze statue at Walkway Over the Hudson State Historic Park, created by the sculptor Vinnie Bagwell. The elevation of her story is a key example of State Parks’ Our Whole History (OWH) initiative which seeks to reveal and share historically undertold stories of ordinary and extraordinary people across New York State.

    After Governor Hochul announced the park name at a groundbreaking in 2022, Scenic Hudson, the New York State Office of Parks, Recreation and Historic Preservation, and the Palisades Interstate Park Commission partnered to build a waterfront trail and 2,000-square-foot shaded community pavilion at Sojourner Truth State Park that was unveiled in 2023. Newly planted native trees, shrubs and grasses enhance the site’s ongoing recovery from its historic past as a hub for brick and cement manufacturing and provide new habitat for wildlife. The waterfront area contains bilingual interpretive signs about the river and the site’s history, bike racks, and seasonal toilet facilities.

    A paved, ADA-compliant River Pavilion Trail leads from the Hudson River Brickyard Trail/Empire State Trail to the waterfront, near the park’s northern entry. The trail features a small overlook area where visitors can rest while enjoying expansive views, including the Kingston-Rhinecliff bridge to the north. Another connector trail, longer and unpaved, leads to the Steep Rocks overlook and is currently being used by locals and visitors alike.

    The park’s new amenities were designed by Field Operations, LLC. The Construction Manager is Hudson Meridian Construction Group, LLC and General Contractors for the buildout include Buildings: Andron Construction Corporation, Site & Civil: A. Colarusso & Son, Inc., J&J Sass Electric, Inc., S&O Construction Services, Inc., all of whom were selected through a competitive bidding process.

    The New York State Office of Parks, Recreation and Historic Preservation oversees more than 250 parks, historic sites, recreational trails, golf courses, boat launches and more, which saw a record 88 million visits in 2024. For more information on any of these recreation areas, visit parks.ny.gov, download the free NY State Parks Explorer app or call 518.474.0456. Connect with us on Facebook, Instagram, X, LinkedIn, the OPRHP Blog or via the OPRHP Newsroom.

    Formed in 1900, PIPC is the nation’s first bi-state partnership established to protect and conserve natural lands. PIPC operates Palisades Interstate Park in New Jersey and the Palisades Region of the New York State Office of Parks, Recreation & Historic Preservation. PIPC’s early work helped inspire the emerging fields of environmental stewardship and education, pioneered the goal of exposing children to nature through its group campgrounds, and served as a model for the early growth of the national park system. The Commission’s maple and oak leaf logo represents the official state trees of New York and New Jersey.

    MIL OSI USA News –

  • MIL-OSI Africa: Professor Benedict Oramah recognised for long service as Export Trading Group (ETG), TRACE, KCB and CBZ toast award success at 32nd Afreximbank Annual Meetings

    Source: APO – Report:

    Key Highlights

    • The third edition of the Pan-African Business and Development Awards has recognised and celebrated leading businesses on the continent and in the diaspora in alignment with Afreximbank’s push for a promotion of a Global Africa
    • Marking his distinguished tenor, Professor Benedict Oramah, outgoing Afreximbank President, was honoured with the Bank’s Long Service Award alongside other employees
    • Export Trading Group (ETG) won the Global Africa Business Leader Award 2025 for fostering economic growth across the continent and enhancing food security
    • KCB Group Plc, Kenya and CBZ Bank, Zimbabwe emerged winners of the Afreximbank Financial Institutions Award 2025 for banking institutions with more than $500m and less than $500m capital respectively for having played a pivotal role in bridging the trade finance gap in Africa.
    • TRACE, a multimedia platform dedicated to the entertainment and empowerment of people of African descent won the Diaspora Business of the Year Award for their impact in strengthening continental and diaspora ties.

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) hosted the third edition of the Pan-African Business and Development Awards in association with the Business Council for Africa (BCA) on Wednesday June 25, 2025, at a colourful Gala Dinner attended by more than 400 dignitaries including business and political leaders from Nigeria, across Africa and the diaspora.

    The Pan-African Business and Development Awards, held annually during the Afreximbank Annual Meetings, are designed to celebrate and recognise transformative businesses and financial institutions within the African continent and in the diaspora in keeping with the Bank’s vision for a Global Africa.

    Export Trading Group (ETG), operational in nearly 20 countries on the continent, won the Global Africa Business Leader Award, 2025 for fostering economic growth across the continent and enhancing food security by connecting smallholder farmers with regional and global markets, improving livelihoods and boosting intra-African trade, reflecting Afreximbank’s mandate of fostering trade and economic growth across the continent. The company’s investments in storage, logistics, and processing infrastructure have helped reduce post-harvest losses and increased value addition.

    This year, TRACE, the multimedia platform dedicated to the entertainment and empowerment of people of African descent, won the Diaspora Business of the Year award for its impact in strengthening continental and diaspora ties through the vehicle of entertainment. Its mission is to uplift African identity through music, education, and storytelling. TRACE’s platforms reach and support over 5,000 artists and 1,000 brands annually. It employs hundreds across Africa, contributing hundreds of millions of dollars in value.

    Two banking giants were recognised in the Afreximbank Financial Institutions Award–2025. KCB Group Plc, Kenya’s largest bank by assets emerged winner of the award for banking institutions with more than $500m capital while CBZ Bank, also Zimbabwe’s largest Bank emerged winner of the Afreximbank Financial Institutions Award-2025 for banking institutions with less than $500m capital.

    KCB, which won in the same category in 2024, was recognised for facilitating local and cross-border trade finance through various products as well as mitigating risks inherent in trade on behalf of its customers. One of the first East African banks to enhance financial inclusion and economic growth, it has positioned itself as an enabler for businesses and consumers to transact efficiently across African borders.

    CBZ Bank from Zimbabwe has played a pivotal role in bridging the trade finance gap in Africa by leveraging strategic partnerships, introducing innovative products, and executing a comprehensive pan-African vision. During the 31st Afreximbank Annual meetings held in Nassau, The Bahamas last year, CBZ Bank and Afreximbank inked two deals (https://apo-opa.co/44ZDCxm) totalling $80 million consisting of US$60 million line of credit and $20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility signalling their continued collaboration aimed at promoting economic development.

    In a speech delivered on behalf of Professor Benedict Oramah, President and Chairman of Board of Directors at Afreximbank, the Bank’s Senior Executive Vice President, Denys Denya, said: “This Awards event is our way of saying thank you to everyone who, regardless of size or significance of your role, has contributed to furthering the course of development in Africa. I would like to take this opportunity to congratulate you. With these awards, we reaffirm our commitment to the shared goal of transforming the African economy and restoring the dignity of Africans, regardless of their geographic location.”

    Arnold Ekpe, former group CEO of Ecobank Transnational Incorporated and chair of the BCA, in his remarks, commented on the importance of recognising and celebrating institutions that contribute to Africa’s development, which he said, “has become the defining essence of Afreximbank.”

    A major highlight of the awards ceremony was the recognition of four long serving Afreximbank staff members for their dedicated service of between 25 and 30 years. This esteemed group included Professor Benedict Oramah who was honoured for over three decades at the Bank with ten years spent at the helm as President and Chairman of Board of Directors.

    Presenting the long service award to Prof. Oramah, Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy said: “Tonight, we acknowledge not just a remarkable career, but a transformative journey spanning three decades. Under your leadership, the bank hasn’t just scaled; it has soared, championing strategies that have fundamentally reshaped trade and development across Africa. Nigeria is incredibly proud of your achievements, your leadership, and your unwavering commitment to the economic prosperity of our continent. You are a true son of the soil; a shining example of what dedication and vision can accomplish.”

    The Pan-African Business and Development Awards are hosted by Afreximbank in association with the BCA. The awards series was launched in 2023 to recognise those organisations and leaders that epitomise the pan-African spirit by leading the way in building substantive and transformative cross-border businesses.

    – on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

    Follow on Social Media: 
    X: https://apo-opa.co/4nVC0NN
    Facebook: https://apo-opa.co/44SE54f 
    LinkedIn: https://apo-opa.co/459VM0t 
    Instagram: https://apo-opa.co/44WtHZo

    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

    Media files

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    MIL OSI Africa –

  • MIL-OSI Canada: Minister Champagne concludes successful G7 and G20 meetings in South Africa

    Source: Government of Canada News (2)

    July 18, 2025 – Durban, South Africa – Department of Finance Canada

    With global political and economic uncertainty abounding, strong relationships and cross-continental collaboration with reliable nations has never been more important. Canada is spearheading a new era of collaboration and partnership with nations it can trust and whose priorities it shares.

    The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, today concluded his participation in the G7 and G20 meetings of Finance Ministers and Central Bank Governors (FMCBG) in Durban, South Africa – a key engagement under Canada’s ongoing G7 Presidency and a demonstration of Canada’s commitment to strong international partnerships.

    At the G20 meeting, Minister Champagne outlined Canada’s vision for the global economy, as well as for the international financial architecture, international taxation and ways to improve longer-term growth prospects for Africa. Discussions during the meeting included the importance of sustainable finance and the role of resilient infrastructure in supporting economic development.

    The Minister leveraged the occasion to engage in a series of bilateral meetings with his counterparts, further strengthening Canada’s relationships and fostering collaboration with key global partners. This included meetings with Ministers from Indonesia, Australia, the United Arab Emirates, Norway, Sweden, Singapore, Italy, the United Kingdom, Saudi Arabia and  Japan, along with pull-asides with South Africa and Denmark.

    On the margins of the G20 meeting, Minister Champagne co-chaired with Tiff Macklem, Governor of the Bank of Canada, the fourth G7 Finance Ministers and Central Bank Governors’ meeting under Canada’s G7 Presidency. Discussions focused on ways to work together to reduce the ongoing trade and economic policy uncertainty, notably by establishing new uninterrupted trade routes with reliable partners and lifting existing barriers to trade. Russia’s illegal and unjust war against Ukraine, and actions to improve supply chain resilience including for critical minerals, were also discussed. Australia and South Korea joined the discussion on supply chains.

    During a short stay in Cape Town prior to the G7 and G20 meetings, Minister Champagne also met with local business leaders and government officials to advance Canada’s goals of partnership, economic development and innovation. 

    MIL OSI Canada News –

  • MIL-OSI Canada: Saskatchewan Building Construction Increases 21.7 Per Cent

    Source: Government of Canada regional news

    Released on July 18, 2025

    Province ranks second in month-over-month and third in year-over-year growth

    Today, Statistics Canada released figures indicating that Saskatchewan’s building construction investment increased by 5.4 per cent in month-over-month growth from April 2025 to May 2025, ranking second among the provinces. The province saw a 21.7 per cent increase in year-over-year growth from May 2025 compared to May 2024, ranking third among the provinces.

    “Saskatchewan continues to be a leader in growth and opportunity,” Trade and Export Development Minister Warren Kaeding said. “Investors choose our province because of our competitive business incentives, fair regulatory environment and low cost of living. The policies put in place by our government are showing positive results, leading to a high quality of life for all residents.”

    Saskatoon led the way in growth with a 40.1 per cent increase from May 2024 to May 2025, ranking fourth out of the 42 metropolitan areas.

    Residential building construction increased 8.5 per cent from April 2025 compared to May 2025. 

    Investment in building construction is calculated based on the total spending value on building construction within the province. 

    Saskatchewan continues to see significant economic growth. Statistics Canada’s latest Gross Domestic Product (GDP) numbers indicate that the province’s real GDP at basic prices reached an all-time high of $80.5 billion in 2024, increasing by $2.6 billion, or 3.4 per cent. This places Saskatchewan second in the nation for real GDP growth and above the national average of 1.6 per cent.

    Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces. Private capital investment is projected to reach $16.2 billion in 2025, an increase of 10.1 per cent over 2024. This is the second-highest anticipated percentage increase among the provinces.

    Last year, the Government of Saskatchewan unveiled its new Securing the Next Decade of Growth – Saskatchewan’s Investment Attraction Strategy. This strategy, combined with Saskatchewan’s trade and investment website, InvestSK.ca, contains helpful information for potential markets and solidifies the province as the best place to do business in Canada. 

    For more information, visit: InvestSK.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: ICE San Antonio investigation results in the 17 ½ year sentencing of a South Texas man for receipt of child pornography

    Source: US Immigration and Customs Enforcement

    SAN ANTONIO – A South Texas man was sentenced to 17 ½ years in prison for receipt of child pornography following an investigation by U.S. Immigration and Customs Enforcement Homeland Security Investigations.

    David Guzman, 44, from San Antonio was sentenced July 17 by a federal judge to 210 months in prison for receipt of child pornography.

    “Seeking out and downloading child pornography, as Guzman did, eternally victimizes the innocent children forced to engage in despicable acts and encourages the production of child sexual abuse material,” said U.S. Attorney Western District of Texas Justin R. Simmons. “Protecting children from predators and criminal exploitation remains a priority in this district, and I thank our partners at HSI San Antonio for working with us to bring this predator to justice.”

    “HSI is dedicated to safeguarding children from exploitation and ensuring justice is served,” said ICE HSI San Antonio Special Agent in Charge Craig Larrabee. “This 17 ½-year sentence reflects the seriousness of crimes involving the receipt of child pornography and underscores our commitment to holding offenders accountable. HSI will continue working tirelessly with our partners to protect vulnerable victims and pursue those who prey on them.”

    According to court documents, Guzman knowingly received child pornography and, using his laptop and cell phone, searched for and downloaded files containing child pornography using a peer-to-peer file sharing program called uTorrent. Of the files on his laptop, Guzman possessed 107 image files and 268 video files containing infants, toddlers, bondage, bestiality, and other sadistic acts.

    HSI executed a federal search warrant at Guzman’s residence on Nov. 30, 2022. He was arrested on Dec. 1, 2022, and was subsequently charged in a two-count indictment on Dec. 14, 2022. On April 10, 2024, he pled guilty to receipt of child pornography. In addition to the more than 17-year imprisonment, U.S. District Judge Jason Pulliam sentenced Guzman to lifetime supervised release and ordered him to pay $65,000 in restitution.

    Assistant U.S. Attorneys Bettina Richardson and Kirk Mangels from the Western District of Texas prosecuted the case.

    Members of the public can report crimes or suspicious activity by calling the ICE Tip Line at 866-DHS-2-ICE (866-347-2423) or by completing the online tip form.

    For more information about HSI San Antonio and its public safety efforts in Central and South Texas, follow HSI San Antonio on X at @HSI_SanAntonio.

    MIL OSI USA News –

  • MIL-OSI Video: EU Archives: Malta applies for EC membership, EIB lays foundation stone, Jacques Delors remembered

    Source: European Commission (video statements)

    From historic membership applications to architectural milestones and visionary leadership, this week in European Commission history offers a blend of diplomacy, legacy, and foundational moments. Explore highlights from our AV archives and delve into Europe’s evolving story with our weekly teaser. Dive further with us into the European Commission’s audiovisual archives and discover important anniversaries with our biweekly AV history teaser!

    Upcoming anniversaries in the teaser:
    · 1925: Commemorating 100 years since the birth of Jacques Delors, former Commission President
    · 1952: Treaty of Paris enters into force, founding the European Coal and Steel Community
    · 1990: Malta presents its application to join the European Community
    · 2005: Laying of the first foundation stone of the European Investment Bank’s new building in Luxembourg

    Get the complete material from our archive:
    https://europa.eu/!xRWB7N
    https://europa.eu/!CcnxFY
    https://europa.eu/!rJPFNw
    https://europa.eu/!HxQdpm

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=oy23EpIZF4w

    MIL OSI Video –

  • MIL-OSI: PMGC Holdings Inc. Completes Acquisition of CNC Machining Company – AGA Precision Systems LLC

    Source: GlobeNewswire (MIL-OSI)

    • Adds $1.39 Million in Cash-Flow-Positive Revenue from a CNC Machining, Mold Manufacturing, and Specialty Metals Operation Serving the Aerospace, Defense, and Industrial Markets.
    • Adds to PMGC’s U.S. Manufacturing Revenue Through a Second Bolt-On Acquisition Under Its Roll-Up Strategy, Bringing Estimated Total Annualized Revenue to Over $2.25 Million.

    NEWPORT BEACH, Calif., July 18, 2025 (GLOBE NEWSWIRE) — PMGC Holdings Inc. (Nasdaq: ELAB) (the “Company,” “PMGC” or “we”), a diversified public holding company, today announced that it has completed the acquisition of AGA Precision Systems LLC (“AGA”), a California-based CNC machining business that generated over $1.39 million in revenue in 2024 and has a track record of profitability. The transaction reflects PMGC’s continued focus at both the management and strategic levels on acquiring U.S.-based, cash-flow-positive industrial businesses with capabilities that strengthen mission-critical supply chains. It also aligns with broader industry momentum toward US based manufacturing, reshoring, which are revitalizing America’s aerospace, defense, and precision manufacturing sectors.

    About AGA Precision Systems LLC

    AGA Precision Systems LLC is a specialized CNC machine shop focused on high-tolerance milling, turning, mold manufacturing, and machining of complex metals including titanium and Inconel. The company serves customers across the aerospace, defense, and industrial sectors, delivering precision components to demanding technical specifications.

    Founded over a decade ago, AGA has built a strong reputation for quality and reliability, having grown its business exclusively through referrals and repeat orders without a formal sales or marketing function. Its long-standing customer relationships and niche capabilities have supported consistent operating profitability from its base in California. The company will continue operations with existing leadership and under the guidance of a new experienced machine shop management team, supported by strategic and financial oversight from PMGC.

    In 2024, AGA generated $1,390,000 in revenue and was earnings before interest, tax, depreciation and amortization (EBITDA) positive.

    Strategic Rationale

    The acquisition of AGA aligns with PMGC’s broader strategy of acquiring specialized, U.S.-based manufacturing businesses with strong fundamentals, consistent earnings, and long-term growth potential. AGA’s technical expertise and positioning across mission-critical industries make it a strategic addition to PMGC’s operating portfolio.

    “AGA Precision Systems exemplifies our focus on acquiring high-quality, resilient businesses vital to U.S. manufacturing,” said Graydon Bensler, Chief Executive Officer of PMGC Holdings Inc., managed through GB Capital Ltd. “Its expertise in specialty metals, long-standing customer relationships, and role in critical supply chains add strong operational and strategic value to our platform.”

    PMGC intends to support AGA’s continued growth through targeted investments in business development, production efficiency, and resource planning. The Company also sees long-term opportunity to deepen AGA’s footprint across defense and industrial programs requiring reliable, U.S.-based suppliers.

    Industry Outlook

    The global CNC machine tool market is projected to grow from $100.5 billion in 2024 to $109.1 billion in 2025, reaching over $200 billion by 2033i. Growth is driven by demand from aerospace, defense, and industrial sectors, alongside reshoring efforts supported by the CHIPS and Inflation Reduction Acts.

    AGA marks PMGC’s second completed acquisition this quarter, following the acquisition of Pacific Sun Packaging on July 10, 2025. The Company has two additional pending acquisitions previously announced and continues to pursue further opportunities in cash-flow-positive U.S.-based manufacturing and industrial businesses.

    PMGC acquired 100% of the issued and outstanding interests in AGA for $650,000 in cash with no debts or liabilities.

    About AGA Precision Systems LLC

    AGA Precision Systems LLC is a California-based CNC machining company specializing in high-tolerance milling, turning, mold manufacturing, and the machining of metals such as titanium and Inconel. The company serves customers across aerospace, defense, space, and industrial markets.

    About PMGC Holdings Inc.

    PMGC Holdings Inc. is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.

    Forward-Looking Statements

    Statements contained in this press release regarding matters that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as “believes,” “expects,” “plans,” “potential,” “would” and “future” or similar expressions such as “look forward” are intended to identify forward-looking statements. Forward-looking statements are made as of the date of this press release and are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in PMGC’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    Investor Relations Contact:

    IR@pmgcholdings.com

    iCNC Machine Tool Market Size, Share & Growth By 2033

    The MIL Network –

  • MIL-OSI: Five Star Bancorp Declares Second Quarter Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CORDOVA, Calif., July 18, 2025 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), announced today the declaration of a cash dividend of $0.20 per share on the Company’s voting common stock. The dividend is expected to be paid on August 11, 2025, to shareholders of record as of August 4, 2025.

    About Five Star Bancorp
    Five Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The Bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

    Special Note Concerning Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent plans, estimates, objectives, goals, guidelines, expectations, intentions, projections, and statements of the Company’s beliefs concerning future events, business plans, objectives, expected operating results, and the assumptions upon which those statements are based. Forward-looking statements include without limitation, any statement that may predict, forecast, indicate, or imply future results, performance, or achievements, and are typically identified with words such as “may,” “could,” “should,” “will,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “aim,” “intend,” “plan,” or words or phases of similar meaning. The Company cautions that the forward-looking statements are based largely on the Company’s expectations and are subject to a number of known and unknown risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. Such forward-looking statements are based on various assumptions (some of which may be beyond the Company’s control) and are subject to risks and uncertainties, which change over time, and other factors, which could cause actual results to differ materially from those currently anticipated. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. If one or more of the factors affecting the Company’s forward-looking information and statements proves incorrect, then the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, forward-looking information and statements contained in this press release. Therefore, the Company cautions you not to place undue reliance on the Company’s forward-looking information and statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and Quarterly Report on Form 10-Q for the three months ended March 31, 2025, in each case under the section entitled “Risk Factors,” and other documents filed by the Company with the Securities and Exchange Commission from time to time.

    The Company disclaims any duty to revise or update the forward-looking statements, whether written or oral, to reflect actual results or changes in the factors affecting the forward-looking statements, except as specifically required by law.

    Investor Contact:
    Heather C. Luck, Chief Financial Officer
    Five Star Bancorp
    (916) 626-5008
    hluck@fivestarbank.com

    Media Contact:
    Shelley R. Wetton, Chief Marketing Officer
    Five Star Bancorp
    (916) 284-7827
    swetton@fivestarbank.com

    The MIL Network –

  • MIL-OSI Submissions: It doesn’t have to be welfare versus warfare. Changes that make tax fairer could fund both

    Source: The Conversation – UK – By Giray Gozgor, Associate Professor of Economics & Finance, School of Management, University of Bradford

    Historically, UK spending on defence has often been pitted against welfare, education and local government. But at a time when the government has pledged to meet Nato’s target for defence spending – 5% of GDP in the next decade, up from around 2.3% – it appears to be offering a different fiscal equation.

    The government has suggested that it aims to shift the tax burden upwards, targeting especially large profits and tax avoidance. Despite recent fury over its welfare reforms, as far as taxes go, the government still appears to believe that those with the broadest shoulders should carry the weight.

    Past approaches to balancing the books relied on austerity or slashing welfare spending. Throughout the 2010s and early 2020s, Conservative governments framed public finance as a rigid trade-off. This mentality dominated budget decisions, forcing domestic priorities to shrink as defence budgets grew.

    However, Labour now appears to want to boost defence spending without austerity-level cuts to public services.

    Beyond defence, this shift of the tax burden could signal a broader transformation in how national priorities are financed. If implemented effectively, this approach could protect public services even during times of global insecurity.

    But while it may seem like a win-win, reforms of this nature have often faced political resistance or been deprioritised in favour of short-term fixes. What is different now is that global economic uncertainty is creating growing pressure for more sustainable and equitable choices.

    So who pays?

    The core question in any public finance debate is not what the money is spent on, but who pays for it. First, the government wants to close some of the loopholes that allow large firms to legally reduce their tax bill. Of course, the risk here is that some leave the UK and their taxes are lost entirely.

    The government also has in its sights high-income individuals. While around 60% of tax receipts come from the top 10% of earners, these people can also benefit from lower effective tax rates thanks to tax-efficient investments, for example. Again though, the risk for Labour is that it causes some of them to leave the country.

    Similarly, those with a high net worth often hold assets offshore in order to pay less tax in the UK. This can be legal, but opaque, and the government would like to increase the tax these people pay.

    Lastly, Labour is looking more closely at what to do about taxing sectors with windfall profits, namely energy.

    This approach is not only ideological but also strategic. By targeting wealth and excess, the government hopes to fund new priorities without alienating working and middle-class voters, and to avoid painful cuts to essential services.

    But clearly, it is not quite as simple as that. To make this sustainable, a combination of targeted tax reform, economic growth and spending efficiency will be needed. However, this approach could mark a pivot towards a fairer way of sharing the burden. It also reflects a more profound shift in political storytelling.

    Labour leaders have made clear that there will be no return to austerity. The broader policy direction suggests ambitions to invest in the NHS, early-years and social housing, as well as refining in-work welfare benefits such as universal credit.

    But these aims require fiscal headroom, and this is where the challenge lies. Parallel commitments such as raising defence spending and funding welfare might look impossible to live up to. Many are questioning whether the government can maintain economic stability without increasing the overall tax burden on ordinary households.

    The answer depends on three things: political will, economic performance and execution. Even if there is public support for a fairer tax system, building and enforcing it will require effort and patience beyond this parliament. The government will need to strengthen tax compliance, close legal loopholes and prevent the flight of capital.

    None are easy, but we argue they are entirely achievable. Progress globally is already proving it. Automatic tax-data sharing between nations and the Organisation for Economic Cooperation and Development’s global minimum tax (which ensures that large corporations operating in member nations pay at least 15% tax) have made offshore tax havens far less viable.

    At home, modernising tax laws and properly funding enforcement can shut down legal exploitation of the system. With political will and international cooperation, these reforms can deliver a fairer system without sacrificing competitiveness.

    The UK’s debt to GDP ratio is very high, and economic growth is sluggish. Therefore, there is little space for manoeuvre. That’s why tax reform, not just tax increases, will be key. Efficiency in collection, transparency and closing loopholes are just as crucial as raising tax rates.

    The financial implications of military expansion are real, but so are the choices in how the country funds it. Labour is betting that a fairer tax system can finance Britain’s rising defence commitments while protecting public services. However, efforts to procure or produce new military equipment rank very low on the public’s priorities..

    Aiming taxes upwards could be a vote-winner with lower and middle earners.
    JMundy/Shutterstock

    Defence needs steady funding to handle national security threats. Welfare programmes are vital to support vulnerable people, reduce economic inequality and to help more people into paid work.

    Progressive taxation taps wealth from the richest but often sparks fierce resistance from powerful groups. The alternative (cutting schools, hospitals or pensions) is politically and morally costly.

    But this strategy requires clear communication and a commitment to both security and social justice. If successful, it could mark a real turning point in how the UK balances its responsibilities.

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

    – ref. It doesn’t have to be welfare versus warfare. Changes that make tax fairer could fund both – https://theconversation.com/it-doesnt-have-to-be-welfare-versus-warfare-changes-that-make-tax-fairer-could-fund-both-259812

    MIL OSI –

  • MIL-OSI Security: Louisiana Man Sentenced to Federal Prison for Unauthorized Archaeological Digging of Arrowheads and Illegal Possession of a Firearm

    Source: US FBI

    ALEXANDRIA, La. – Acting United States Attorney Alexander C. Van Hook announced that Roy Everett Jordan, Jr., 57, of Georgetown, Louisiana, has been sentenced for the unauthorized removal of archaeological resources and illegal possession of a firearm by a convicted felon. United States District Judge Dee D. Drell sentenced Jordan to 24 months in prison for the archeological crime, and another 6 months in prison for the firearm possession, for a total of 30 months in prison. After release from prison, Jordan will be on supervised release for 2 years. 

    Jordan was convicted by a federal jury in March of these offenses. Evidence at the trial revealed that U.S. Forest Service agents learned in 2022 that there had been unauthorized digging at four Native American archaeological sites in the Kisatchie National Forest in the Grant Parish, Louisiana. The digging had been done in places where arrowheads and other human-altered stones were known to be present. Through their investigation, agents obtained photo evidence of Jordan being in the area where the digging was taking place. Just a few hours after photo evidence was taken of him conducting unauthorized digging, Jordan made a post on social media about a find that he had made that day in that location and the piece of pottery he found. 

    A search warrant was obtained for Jordan’s residence and upon execution of that warrant, agents found numerous arrowheads and pottery shards. A table covered in a camouflage cloth was found which matched the photo Jordan had posted on social media. In addition, there was an outbuilding/shed on the property that was full of Jordan’s belongings and numerous arrowheads and pottery shards in multiple places. Agents found clothing in the shed that matched what Jordan had worn in the photo evidence that was obtained by law enforcement agents. In addition, agents found and seized a loaded ISSC semi-automatic .22 caliber pistol. Jordan has three prior felony convictions prohibiting him from possessing any firearm or ammunition. 

    The case was investigated by the U.S. Forest Service, Federal Bureau of Investigation, Louisiana State Police and Grant Parish Sheriff’s Office and prosecuted by Assistant United States Attorney William C. Gaskins.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: Law Enforcement Officers and Louisiana Business Owner Indicted on Charges of Bribery, Conspiracy to Commit Visa Fraud, and Mail Fraud

    Source: US FBI

    LAFAYETTE, La. – Acting United States Attorney Alexander C. Van Hook,  Homeland Security Investigations Special Agent in Charge Eric Delaune, Federal Bureau of Investigation Special Agent in Charge Jonathan Tapp, and Internal Revenue Service Criminal Investigation Special Agent in Charge Demetrius Hardeman, announced that a federal grand jury in the Western District of Louisiana has returned an indictment charging five individuals, including law enforcement officers and a central Louisiana business owner, with conspiracy and fraud charges. Those charged in the indictment and a list of their charges are as follows:

    Defendant Name Charges
    Chandrakant Patel a/k/a “Lala,” of Oakdale, LA

    Conspiracy to Commit Visa Fraud (1 count)

    Bribery (1 count)

    Mail Fraud (24 counts)

    Money Laundering (8 counts)
    Chad Doyle, Chief of Police for the City of Oakdale, LA

    Conspiracy to Commit Visa Fraud (1 count)

    Visa Fraud (6 counts)

    Mail Fraud (6 counts)

    Money Laundering (1 count)
    Michael Slaney a/k/a “Freck,” Marshal of the Ward 5 Marshal’s Office in Oakdale, LA

    Conspiracy to Commit Visa Fraud (1 count)

    Visa Fraud (6 counts)

    Mail Fraud (6 counts)

    Money Laundering (2 counts)
    Glynn Dixon, Chief of Police for the City of Forest Hill, LA

    Conspiracy to Commit Visa Fraud (1 count)

    Visa Fraud (6 counts)

    Mail Fraud (6 counts)

    Money Laundering (1 count)
    Tebo Onishea, former Chief of Police for the City of Glenmora, LA

    Conspiracy to Commit Visa Fraud (1 count)

    Visa Fraud (6 counts)

    Mail Fraud (6 counts)

    The 62-count indictment alleges that from on or about December 26, 2015, and continuing until at least July 15, 2025, Patel, Doyle, Slaney, Dixon, and Onishea conspired together to commit Visa fraud, namely a nonimmigrant U-Visa, which defendants knew to be procured by means of false claims and statements and otherwise procured by fraud and unlawfully obtained by the defendants.

    The indictment alleges that Patel, Doyle, Slaney, Dixon, Onishea, and others, authored, facilitated, produced and authenticated false police reports in several central Louisiana parishes. Each report listed several victims of purported armed robberies in the central Louisiana area and the defendants produced false police reports so that the purported victims of the robberies could apply for U-Visas. 

    Congress created the U nonimmigrant status (“U-Visa”) with the passage of the Victims of Trafficking and Violence Protection Act in October 2000. The legislation was intended to strengthen the ability of law enforcement agencies to investigate and prosecute crime while also protecting victims of crimes who are willing to help law enforcement authorities in the investigation or prosecution of the criminal activity. Foreign nationals are eligible for a U-Visa if they meet certain criteria, including but not limited to, if they were a victim of qualifying criminal activity that occurred in or violated laws of the U.S., or possessed information about the criminal activity. Qualifying crime victims could apply for U-Visa status by submitting a U.S. Citizenship and Immigration Services (“USCIS”) Form I-918, Petition for U Nonimmigrant Status; a Form I-918, Supplement B, U Nonimmigrant Status Certification (“I-918B”) (requires signature of an authorized official of a certifying law enforcement agency confirmation that individual was a victim of a qualifying crime); and evidence to establish each eligibility requirement. 

    The indictment alleges that as part of this conspiracy to defraud, individuals seeking U-Visas (“aliens”) would contact Patel, or another facilitator who would then contact Patel, to be named as “victims” in police reports alleging that an armed robbery had occurred, so that they could submit applications for U-Visas. The indictment also alleges that aliens paid Patel thousands of dollars to participate, and in exchange, Patel would ask his co-conspirators, including Doyle, Slaney, Dixon, and Onishea, to write false police reports naming the Aliens as victims of alleged armed robberies and provide certification and attestation of U-Visa I-918B supporting documents as representatives of their respective law enforcement agencies.

    It is also alleged in the indictment that Patel did corruptly give, offer, and agree to pay an agent of the Rapides Parish Sheriff’s Office the sum of $5,000 on February 18, 2025, intending to influence and reward said agent in exchange for a fraudulent police report from the Rapides Parish Sheriff’s Office. 

    The indictment further alleges that from approximately September 27, 2023 until December 26, 2024, Doyle, Slaney, Dixon, and Onishea did knowingly submit false statements with respect to material facts in immigration applications by signing I-918B forms as certifying officials stating that individuals were cooperating victims of crimes, which statements the defendants knew to be false and that the individuals were never victims of the crimes alleged in the I-918B forms. 

    In addition, the indictment alleges that for the purpose of executing the above-described scheme and artifice to defraud, Patel, Doyle, Slaney, Dixon, and Onishea did commit mail fraud by knowingly placing or causing to be placed in an authorized depository for mail matter, to be sent and delivered by the U.S. Postal Service, a private interstate carrier, or a commercial interstate carrier false Form I-918B created and submitted to USCIS.

    Also included in the indictment are money laundering charges and forfeiture allegations against each defendant seeking forfeiture of various bank accounts, real property, and vehicles. 

    If convicted, the defendants each face a sentence of up to 5 years in prison on the conspiracy charge; up to 10 years on the visa fraud charges; up to 20 years on the mail fraud charge; and Patel faces up to 10 years on the bribery charge. In addition, they could be ordered to pay a fine of up to $250,000 on each count. 

    This case is being investigated and prosecuted by the Homeland Security Task Force (“HSTF”) as part of Operation Take Back America. HSTFs, which were established by President Trump in Executive Order 14159, Protecting the American People Against Invasion, are joint operations led by the Department of Justice and the Department of Homeland Security. Operation Take Back America is a nationwide federal 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).

    The case is being investigated by the Homeland Security Investigations, a division of the U.S. Department of Homeland Security, Federal Bureau of Investigation, Internal Revenue Service Criminal Investigation, and United States Citizenship and Immigration Services – Fraud Detection and National Security Division, and is being prosecuted by Assistant United States Attorneys John W. Nickel and Danny Siefker.

     An indictment is merely an accusation, and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

    # # #

    Attachment:

     

     

    MIL Security OSI –

  • MIL-OSI Security: Four Members of MS-13 Clique Indicted on Racketeering Conspiracy in Connection with Three Murders in Baltimore

    Source: US FBI

    Baltimore, Maryland – The U.S. Attorney’s Office for the District of Maryland unsealed an indictment, charging four members of the Centrales Locos Salvatruchas (CLS) clique of MS-13 in Baltimore, with Racketeer Influenced and Corrupt Organizations (RICO) Act Conspiracy.

    This marks the second indictment the Office unsealed this week in connection with MS-13 RICO Act conspiracy activity. On July 15, three other MS-13 members were indicted on RICO Act conspiracy charges in connection with murdering a homeless man and drug trafficking in Prince George’s County.

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the CLS indictment with Ivan J. Bates, State’s Attorney for Baltimore City; Acting Special Agent in Charge Amanda M. Koldjeski, Federal Bureau of Investigation (FBI) – Baltimore Field Office; Commissioner Richard Worley, Baltimore Police Department (BPD); and Secretary Carolyn J. Scruggs, Maryland Department of Public Safety and Correctional Services (DPSCS).

    According to the indictment, beginning in at least 2023, the defendants engaged in a racketeering conspiracy as members of MS-13 CLS. They committed multiple murders, engaged in drug distribution, and extorted victims.

    In late November 2023, Eliseo Alexander Lopez Alvarez, 23, of El Salvador, aka “10,” “Zorro,” and “Terrible;” Olvin Josue Posas Alvarenga, 23, of Honduras, aka “Elevado;” and other CLS members used a fake Instagram account, purporting to be a female, to lure a victim to a wooded area in southeast Baltimore where they murdered the victim. Additionally, in March 2024, Kevin Cuestas, 20, of Honduras, aka “Mickey” and “Gemelo,” and another CLS member, shot and killed a victim on a southeast Baltimore street before fleeing in a getaway car. Then in April 2024, Josue Anibal Guerra Ramos, 20, of Honduras, aka “Flaco,” and another CLS member, shot two victims on a southeast Baltimore street, killing one of them. All four defendants also conspired to distribute marijuana to raise funds for CLS, and CLS members extorted individuals by threatening to use force, violence, and fear.

    The charges in the superseding indictment are allegations, not a finding of guilt.  Individuals charged by indictment are presumed innocent until proven guilty at a later criminal proceeding.

    U.S. Attorney Hayes commended the FBI, BPD, and DPSCS for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorneys James G. O’Donohue III and Kenneth S. Clark who are prosecuting the case, and the Office of the State’s Attorney for Baltimore City for their assistance throughout the investigation.

    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).

    Additionally, this operation is part of Summer Heat, the FBI’s nationwide initiative targeting violent crime during the summer months. As part of this effort, the FBI has launched a multi-pronged offensive to crush violent crime. By surging resources alongside state and local partners, executing federal warrants on violent criminals and fugitives, and dismantling violent gangs nationwide, we are aggressively restoring safety in our communities across the country.

    Anyone with information about MS-13 is encouraged to provide their tips to law enforcement.  The FBI and HSI both have nationwide tiplines that you can call to report what you know.  You can reach the FBI at 1-866-STP-MS13 (1-866-787-6713), or you can call HSI at 1-866-DHS-2-ICE.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, visit justice.gov/usao-md and justice.gov/usao-md/community-outreach.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: Three MS-13 Members Charged with RICO Conspiracy Involving Murder

    Source: US FBI

    Greenbelt, Maryland – Three men, who are alleged members and associates of the notorious gang La Mara Salvatrucha — commonly known as MS-13 — have made their initial appearance in the District of Maryland. The men are charged for their roles in a Racketeer Influenced and Corrupt Organizations Act (RICO) conspiracy, including murder and drug trafficking.

    According to court documents, on July 4, 2024, Maxwell Ariel Quijano-Casco, 24, of El Salvador; Daniel Isaias Villanueva-Bautista, 19, of El Salvador; and Josue Mauricio Lainez, 21, of Hyattsville, Maryland, allegedly killed a homeless man in connection with their involvement with MS-13. Then on July 5, a passerby called 911 after discovering the deceased victim sitting in a blue 2008 Dodge Caravan parked in a used-car lot in Hyattsville, Maryland.

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the indictment with Matthew R. Galeotti, Head of the Justice Department’s Criminal Division; Assistant Director Jose A. Perez, Federal Bureau of Investigation (FBI) – Criminal Investigative Division; and Chief George Nader, Prince George’s County Police Department (PGPD).

    As outlined in court documents, upon arrival, law enforcement located the deceased victim, who appeared to have been stabbed in the neck.  Investigators arrived on scene and obtained video surveillance from a neighboring business that captured the incident.  The surveillance video shows that on July 4, at approximately 11:35 p.m., Quijano-Casco and another person approached the victim on foot. The homeless victim then wielded what appears to be a metal pole at Quijano-Casco. Then Quijano-Casco and the other person fled on foot and the homeless victim returned to the blue Dodge Caravan.

    Approximately 15 minutes later, Quijano-Casco returned with co-defendants Villanueva-Bautista and Lainez, along with another person. At approximately 11:48 p.m., video surveillance shows that all four perpetrators approached the blue Dodge Caravan. Then Quijano-Casco, Villanueva-Bautista, Lainez, and an unnamed person opened the van’s rear sliding driver’s side door, reached inside, and exhibited movements as if they were striking someone. The victim did not exit the blue Dodge Caravan after the attack.

    “The brutal retaliatory murder of this victim is a chilling reminder of the MS-13 gang’s callous disregard for human life,” Hayes said.  “Those who assault and kill others must be brought to justice and ultimately held accountable for their actions.  The U.S. Attorney’s Office in Maryland will continue to work relentlessly with our law enforcement partners to dismantle violent criminal organizations that terrorize our communities.” 

    “MS-13 is an especially brutal gang,” Galeotti said. “Instead of simply walking away from an altercation with a homeless man, defendants returned to the scene and allegedly murdered the victim while he was sitting calmly inside a vehicle. Bringing those who commit violent crime to justice is one of the highest priories for the Criminal Division, and we will continue to work to make our communities secure.” 

    “The FBI and our partners are committed to using every tool available to prevent violent criminals from terrorizing the communities they live in,” Perez said. “We will not let up. We will relentlessly pursue those who engage in violent activity like murder and drug trafficking until they are held accountable.”

    On August 23, PGPD arrested Quijano-Casco and Villanueva-Bautista. At the time of his arrest, Quijano-Casco possessed a black Ruger P95DC semi-automatic handgun and approximately eight grams of cocaine. Quijano-Caso and Villanueva admitted that they were present for the altercation that resulted in the homeless man’s death. Additionally, Quijano-Casco admitted to stabbing the individual but claimed he did so in self-defense.

    Quijano-Casco, Villanueva-Bautista, and Lainez are all charged with RICO conspiracy, including the July 4, murder. If convicted, they face a maximum penalty of life in prison.

    Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge determines sentencing after considering the U.S. Sentencing Guidelines and other statutory factors.

    An indictment is not a finding of guilt.  Individuals charged by indictment are presumed innocent until proven guilty at a later criminal proceeding.

    U.S. Attorney Hayes commended the FBI and PGPD for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorneys Joel Crespo and William Moomau, along with the Department of Justice Trial Attorney Christina Taylor, who are prosecuting the federal 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).

    Anyone with information about MS-13 is encouraged to provide their tips to law enforcement.  The FBI and HSI both have nationwide tiplines that you can call to report what you know.  You can reach the FBI at 1-866-STP-MS13 (1-866-787-6713), or you can call HSI at 1-866-DHS-2-ICE.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, please visit justice.gov/usao-md and justice.gov/usao-md/community-outreach.

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  • MIL-OSI Security: Member of Drug Trafficking Organization That Distributed Controlled Substances Shaped to Resemble Candy Sentenced to 15 Years in Federal Prison

    Source: US FBI

    An estimated eight million individual doses of fentanyl and methamphetamine laced pills and powder seized during the investigation

    BOSTON – A Lynn man was sentenced yesterday in federal court in Boston for his role in a large-scale drug trafficking organization (DTO) on the North Shore of Massachusetts. In November 2023, millions of doses of fentanyl and methamphetamine laced pills and powder with street value estimated to be over $7 million, were seized from a stash location and clandestine laboratory used by organization.

    Deiby Felix, 41, of Lynn, was sentenced by U.S. District Court Judge Patti B. Saris to 15 years in prison, to be followed by five years of supervised release. In February 2025, Felix pleaded guilty to one count of possession with intent to manufacture and distribute 400 grams or more of fentanyl, 500 grams or more of methamphetamine, and other controlled substances; and one count of possession of a firearm in furtherance of a drug trafficking crime. Felix was arrested and charged along with Emilio Garcia and Sebastien Bejin in November 2023.

    In July 2023, an investigation into an overdose death in Salem led investigators to a DTO led by Felix, Bejin and Garcia. On Nov. 1, 2023, searches were conducted at four locations in Lynn that resulted in what is believed to be one of the largest single-location seizures of fentanyl and methamphetamine in Massachusetts and the region. The seizure included nine kilograms (20 pounds) of pink heart shaped fentanyl-laced pills pressed to look like candy. Additional narcotics and five firearms were also seized. During the course of the investigation over 75 kilograms (198 pounds) of fentanyl and methamphetamine was seized, along with multiple additional kilograms of cocaine and dozens of kilograms of cutting agents, including xylazine, that is used to adulterate controlled substances.

    In total, an estimated eight million individual doses of fentanyl and methamphetamine laced pills and powder was seized. The street value is believed to be upwards of $8 million.

    Searches of Felix’s residence resulted in the seizure of more than three kilograms (6.6 pounds) of pressed pills containing methamphetamine and fentanyl, a firearm and a clandestine drug laboratory that had been built into a small room in the basement. Multiple industrial pill presses, mixing equipment and other manufacturing paraphernalia and equipment were also recovered.

    Bejin was sentenced in May 2025 to 12 years in prison, to be followed by five years of supervised release. In May 2025, Garcia was sentenced to 18 years in prison, to be followed five years of supervised release.

    United States Attorney Leah B. Foley; Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston; Colonel Geoffrey D. Noble, Superintendent of the Massachusetts State Police; and Essex County District Attorney Paul F. Tucker made the announcement today. Valuable assistance was provided by the Massachusetts Attorney General’s Office and the Lynn, Lynnfield and Salem Police Departments. Assistant U.S. Attorney Philip A. Mallard of the Organized Crime & Gang Unit prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Trinitarios Leader Sentenced to 14 Years in Prison for Racketeering Conspiracy

    Source: US FBI

    BOSTON – The former leader of the Lynn Chapter of the Trinitarios was sentenced today in federal court in Boston on RICO conspiracy charges.

    Aaron Diaz Liranzo, a/k/a “Sosa,” 26, was sentenced by U.S. Senior District Court Nathaniel M. Gorton to 14 years in prison, to be followed by three years of supervised release. In March 2025, Diaz Liranzo pleaded guilty to conspiracy to conduct enterprise affairs through a pattern of racketeering activity, more commonly referred to as RICO conspiracy. Diaz Liranzo was arrested and charged in February 2025 at which time he was the Leader of the Lynn Chapter of the Trinitarios. 

    The Trinitarios is a violent criminal enterprise comprised of thousands of members across the United States. The Trinitarios adhere to a Magna Carta, employ an internal hierarchy to or organize and execute violence, and undertaken extensive efforts to maintain the secrecy of the organization and its members.  

    In February 2025, federal racketeering charges were unsealed against 22 leaders and members of the Trinitarios. The charges were the result of a multi-jurisdictional investigation, which began in the aftermath of four murders as well as a series of attempted murders and shootings that took place in Lynn in 2023, allegedly committed by the Trinitarios criminal enterprise and its members.

    During a period from at least 2021 through 2025, Diaz Liranzo served as the Primera or Number One of the Lynn Chapter of the Trinitarios. Diaz Liranzo admitted to participating in a shooting that took place in March 2019 that targeted multiple rival gang members outside of a Lynn nightclub. The victims were lured there by another member, who posed as a woman who needed a ride. Equipped with a firearm and knowledge of the victim’s whereabouts and vehicle they were driving, the defendant travelled to the nightclub and opened fire on the vehicle, discharging at least six rounds. During the incident, Diaz Liranzo shot two of the three victims seated in the car. Both victims suffered life-threatening injuries, but ultimately survived the incident.

    United States Attorney Leah B. Foley; Michael J. Krol, Special Agent in Charge, Homeland Security Investigations in New England; Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; Essex County District Attorney Paul F. Tucker; Massachusetts State Police Colonel Geoffrey D. Noble; and Lynn Police Chief Christopher P. Reddy made the announcement. Valuable assistance was provided by the U.S. Attorney’s Office for the District of New Hampshire; U.S. Customs and Border Protection; the Suffolk District Attorney’s Office; the Rockingham County District Attorney’s Office (NH); and the Andover, Boston, Lawrence, Peabody and Salem Police Departments. Assistant U.S. Attorney Philip A. Mallard of the Organized Crime & Gang Unit is prosecuting the case.

    The details contained in the charging documents are allegations. The remaining defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: Wilbraham Man Pleads Guilty to Threatening Public Officials, Private Individuals, and Children

    Source: US FBI

    BOSTON – A Wilbraham man pleaded guilty today in federal court in Springfield, Mass. to making numerous violent threats on social media targeting public figures, private individuals, children in Wilbraham and Boston, and an elementary school in Springfield.

    Funwayo Mbilini Nyawo, also known as “Jonathan Funwayo Nyawo,” “Michael Jacobs” “Robert, Jacobs,” and “Carl Fields,” 37, pleaded guilty to 13 counts of interstate transmission of threatening communications and one count of stalking through facilities of interstate commerce. U.S. District Court Judge Mark G. Mastroianni scheduled sentencing for Oct. 23, 2025. In March 2025, Nyawo was indicted by a federal grand jury. Nyawo was previously arrested on Feb. 5, 2025 in the Southern District of Florida and ordered detained until his appearance in federal court in Springfield, which will be scheduled at a later date.

    Between July 30, 2024 and Oct. 1, 2024, Nyawo posted various threatening communications on X (formerly known as Twitter). These threats explicitly referenced killing, shooting, or bombing; targeted a wide variety of public figures, private individuals and sensitive public locations such as shopping malls and an elementary school; and often urged Islamic terrorist groups or holy warriors to commit these acts of violence.

    Nyawo’s threats included threats to kill an elected United States official (and their family), a former United States official (and their family); a former member of a Massachusetts police department (and their family); two private individuals; local officials and their family members; the children of Wilbraham and Boston; members of the Wilbraham Police Department and Wilbraham Fire Department (and their families); and targeted two shopping malls and an elementary school in Springfield, among others.

    In addition, between Aug. 17, 2024 and on or about Oct. 1, 2024, Nyawo used X to engage in a course of conduct with the intent to harass and intimidate the elected United States official, their spouse, their child, their child’s spouse and their grandchildren.

    All of the charges provide for a sentence of up to five years in prison, three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley; Ted E. Docks, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; and J. Thomas Manger of the United States Capital Police made the announcement today. Valuable assistance was provided by the Wilbraham Police Department, the Hampden County Sheriff’s Department and the Miami-Dade Police Department. Assistant U.S. Attorney Steven H. Breslow of the Springfield Branch Office is prosecuting the case.

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