Daily financial-crime intelligence · Updated 2 Sep 2026, 23:01 UTC
Fraud & scams
A Nevada tax preparer was sentenced to 60 months in prison for operating two false tax return schemes. The defendant engaged in fraudulent tax preparation practices that resulted in significant losses to the government.
Fraud & scams
Rodney Underwood of Detroit, Michigan pleaded guilty to making a false claim in connection with a scheme to defraud the IRS of over $6.2 million.
Money laundering
A federal jury in Greenbelt, Maryland, convicted Kimberly Goodwin, 54, of Bowie, Maryland, former president of AFGE Local 2419 union (January 2017 to August 2019), of wire fraud conspiracy and eight counts of money laundering.
Money laundering
Massachusetts State Rep. Francisco Paulino was indicted on eight counts of wire fraud and three counts of unlawful monetary transactions.
Money laundering
Alexander Ardón, a former mayor of El Paraíso municipality in Honduras' Copán department, was acquitted of money laundering charges by a Honduran court. Ardón, who confessed to drug trafficking, had testified as a key witness in U.S.
Fraud & scams
Five individuals, including three U.S. Postal Service mail carriers—Catherine Clauzell Kilpatrick, Drakkor Jamal Alexander, and Malcolm Tiree Joubert—were indicted on fraud charges in connection with an alleged theft and resale operation involving approximately $23.97 million in stolen checks.
Money laundering
Four members of a Bronx-based racketeering organization known as the 'War Room' were indicted on nine counts including racketeering conspiracy, violence in aid of racketeering, firearms offenses, fraud, narcotics, and money laundering.
Fraud & scams
The SEC charged Daniel Chu (CEO), Jerome Kollar (CFO), and Ameryn Seibold (Senior Director of Finance) of Texas-based Tricolor Holdings with fraud. From at least 2020 through bankruptcy in September 2025, Tricolor raised more than $1.
Money laundering
Brian DePeña, 61-year-old mayor of Lawrence, Massachusetts, was arrested by the FBI on charges of electronic fraud and money laundering related to pandemic-era small business assistance loans. According to allegations, approximately $1.
Fraud & scams
Sibongile Viola Ncube, former vice president of sales and marketing for the Pleasant Hill Tourism Improvement District, was charged with two felony counts following a year-long investigation that began in July 2025.
Fraud & scams
The SEC charged New York resident Andrew Spaventa and three entities he owned and controlled with fraud in connection with unregistered securities offerings.
Fraud & scams
The Justice Department announced that a federal court entered a stipulated order against Amazon.com Inc. requiring the company to pay a $2.25 million civil penalty for violations of the Fair Credit Reporting Act (FCRA).
Money laundering
Lawrence Mayor Brian DePena, 61, was charged with one count of wire fraud and one count of money laundering in connection with allegedly fraudulently obtaining over $1.5 million in COVID-19 small-business loans.
Money laundering
Alagborenepakake Opuiyo, 32, a member of the Maryland National Guard, pleaded guilty to conspiracy to commit money laundering.
Fraud & scams
Larry C. Conner, 69, of Frisco, Texas, pleaded guilty to conspiring to defraud the IRS by promoting and selling an abusive trust tax shelter that caused approximately $43 million in tax loss.
The Financial Crimes Enforcement Network released a Financial Trend Analysis examining Bank Secrecy Act data from 2023-2025, revealing approximately $5 billion in transactions potentially connected to human smuggling activities.
Money laundering
Joseph Templeton, 30, of Elgin, South Carolina, was indicted on August 19, 2026, on charges of bribery, money laundering, and possession of marijuana with intent to distribute.
The Financial Crimes Enforcement Network renewed its Geographic Targeting Order requiring banks and money transmitters in Hennepin and Ramsey counties to report enhanced information on funds transfers of $3,000 or more sent to beneficiaries outside the United States.
Fraud & scams
A federal grand jury indicted Stephen Dubin, M.D., age 74, of Henderson, Nevada, on charges related to a scheme involving approximately $95 million in fraudulent Medicare billing.
Fraud & scams
The U.S. Securities and Exchange Commission announced the creation of a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, dedicated to pursuing accounting and financial reporting fraud cases and misconduct in accounting and auditing.
Fraud & scams
Iris Hondermann, who operated Silver State Tax & Multiservices LLC in Las Vegas, was sentenced to 30 months in prison for tax fraud.
Fraud & scams
Connor Riley Moucka, 26, of Kitchener, Ontario, Canada pleaded guilty to charges including computer fraud, wire fraud, aggravated identity theft, and conspiracy in connection with a widespread hacking and extortion scheme targeting cloud storage provider Snowflake.
Fraud & scams
The U.S. Department of Justice's National Fraud Enforcement Division announced criminal charges against 19 defendants, including home care company owners and employees, for alleged participation in various fraud schemes involving Medicare and Medicaid.
Money laundering
A report from the Senate Finance Committee by Ranking Member Ron Wyden alleges that more than a dozen bankers at JPMorgan Chase, Bank of America, and Deutsche Bank were aware of suspicious transactions by Jeffrey Epstein as far back as 2002 but failed to alert the Treasury Department until years after Epstein's arrest in 2019.
Fraud & scams
The Justice Department's National Fraud Enforcement Division announced coordinated enforcement initiatives across seven southeastern states (Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, and South Carolina) through new federal-state partnerships.
Fraud & scams
Film producer Jason Cloth, 60, who financed Hollywood productions including 'Joker,' 'Ghostbusters: Afterlife,' and dozens of other films, was indicted by a federal grand jury on wire fraud charges. The indictment was unsealed on Tuesday in U.S.
Money laundering
Elaine Escoe, 41, was returned to the Southern District of Florida on July 27, 2026, to face federal charges for her alleged role in a scheme that fraudulently obtained more than $32 million in federal COVID-19 relief funds.
Fraud & scams
The US Department of Justice announced that four Minnesota men — Moktar Hassan Aden, 31; Mustafa Dayib Ali, 29; Khalid Ahmed Dayib, 26; and Abdifitah Mohamud Mohamed, 27, all of the Twin Cities area — pleaded guilty to defrauding Minnesota's Housing Stabilization Services Medicaid program of approximately $2.
Fraud & scams
The US Department of Justice announced that Thomas C.
Bribery & corruption
A Hawaii grand jury indicted Lieutenant Governor Sylvia Luke and four others on felony charges related to an alleged 2022 bribery incident. Luke is charged with criminal conspiracy to commit bribery, bribery, and falsifying candidate committee reports.
Money laundering
Infobae reports that Jason Noah Feinman, a US citizen, was sentenced to two years' imprisonment after admitting he managed systems that enabled sports betting in violation of US state and federal law, in a case involving money laundering and tax evasion totalling USD 4.2 million.
Fraud & scams
The US Department of Justice announced that a federal grand jury returned an indictment charging three Las Vegas tax return preparers — Jadee Glover, Julia Brainerd and Shamoya Perkins — with conspiracy to defraud the United States and willfully preparing false tax returns for clients.
Money laundering
A Canadian intelligence memo from FINTRAC's Strategic Intelligence unit assessed that cryptocurrency-to-cash conversion services across Canada are being 'heavily exploited for illicit purposes' and are 'knowingly facilitating money laundering, sanctions evasion' and organized crime activities, according to reporting by The Toronto Star and ICIJ.
Money laundering
Christopher Slater of California and Mark Keagel of York, Pennsylvania are charged with a multi-state conspiracy to defraud the United States of more than $52.7 million by filing hundreds of false tax returns claiming COVID-19 tax credits, according to an indictment.
Money laundering
The US Department of Justice says Khalid Satary, 54, was arrested on 20 July 2026 in the Middle East and made his initial court appearance in the Eastern District of Virginia on 21 July 2026, after being a fugitive since 2022.
The Securities and Exchange Commission filed partially settled charges against Zan Shaikh, a Florida resident, and his company Mining Automatic (registered as Bright Vision Distribution LLC) alleging that they misappropriated and misused investor funds after raising approximately $22 million from more than 380 investors.
Securities & markets
The SEC brought insider trading charges against Ali El Siblani, a former Desktop Metal Inc. executive, and three unnamed individuals, alleging that El Siblani tipped off three friends about Desktop Metal's plans to acquire ExOne Co., according to the SEC.
Tax evasion
Joshua Laine Bennett of Caldwell, Idaho, was indicted on two counts of tax evasion, according to the Justice Department.
Money laundering
Wilfredo Aquino, 47, of Manhattan, was sentenced to 46 months in prison for his role in helping a money laundering network move hundreds of millions of dollars through TD Bank accounts.
Money laundering
Benjamin Paul Wiener was indicted on 29 federal counts including wire fraud, money laundering, bank fraud, and aggravated identity theft for allegedly defrauding dozens of investors of approximately $20 million through his companies Benaiah Holdings and other crypto investment entities.
Bribery & corruption
Former FIFA officials convicted in the DOJ's landmark corruption probe into the football governing body are seeking to vacate their convictions after the agency abandoned a related prosecution. Legal representatives described this as an extremely rare form of post-conviction relief.
Fraud & scams
Camille T. Jones, 47, of Upper Marlboro, Maryland, was sentenced to two years in prison followed by one year of supervised release for conspiring to commit bribery and honest services fraud. Jones, a former supervisory official with the U.S.
Money laundering
Nine Venezuelan nationals pleaded guilty to human trafficking, alien smuggling, and money laundering involving a sex trafficking operation based in Nashville, Tennessee motels.
Money laundering
Wilfredo Aquino, 47, of Manhattan, was sentenced to 46 months in prison for facilitating a money laundering network's movement of millions of dollars through TD Bank accounts.
Money laundering
Rossen G. Iossifov, 53, a Bulgarian national already serving a 111-month federal prison sentence for online fraud, appeared in federal court in the Eastern District of Kentucky on charges of destruction or removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money…
Other
The Justice Department filed a proposed settlement with South Bow (USA) LP and South Bow Infrastructure Operations Inc., owners and operators of the Keystone Pipeline, addressing Clean Water Act violations stemming from a December 2022 pipeline rupture in Washington County, Kansas.
Fraud & scams
Block, the parent company of Cash App, agreed to pay $45 million to resolve a multistate investigation by 46 state attorneys general regarding deceptive Cash App marketing practices.
FINTRAC imposed a $212,025 administrative monetary penalty on Atlantic Lottery Corporation Inc., a Moncton, New Brunswick-based casino operator, for AML/CTF violations between September 2023 and September 2024.
Other
Angelo Martino, 41, of Land O'Lakes, Florida, formerly employed as a ransomware negotiator, was sentenced to 70 months for his role in conspiring with BlackCat/ALPHV actors to extort multiple victims, according to prosecutors. Martino abused his role at a U.S.
Fraud & scams
Law enforcement officials in Wisconsin and New York have accused Circle, a $17-billion cryptocurrency firm, of refusing to comply with court orders aimed at recovering stolen funds for scam victims.
Fraud & scams
Illinois State Rep. Carol Ammons and her husband, Champaign County Clerk Aaron Ammons, were indicted on eight counts of wire fraud, one count of making a false statement to the FBI, and two counts of conspiracy to obstruct justice.
Fraud & scams
Gary Topolewski, a 64-year-old from Northridge, California, was sentenced to 78 months in prison and three years of supervised release for perpetrating an elaborate bank fraud scheme that took in approximately $39 million from multiple financial institutions over the course of nearly 10 years.
Fraud & scams
The SEC announced the creation of the Retail Fraud Working Group designed to strengthen the Division of Enforcement's efforts to identify and combat fraud targeting everyday investors.
Fraud & scams
The Commodity Futures Trading Commission filed a complaint against Trevor L. Vernon and his company Argent Capital Management LLC, alleging they fraudulently solicited over $14 million from at least 60 participants to invest in a commodity pool.
Former Jackson Mayor Chokwe Antar Lumumba pleaded guilty on Monday, July 6, 2026, to one count of conspiracy to commit bribery, wire fraud and money laundering in a federal corruption case. Former City Council member Aaron Banks also pleaded guilty to conspiracy charges on the same day.
Trafficking
Former Honduran president Juan Orlando Hernández announced his return to Honduras on July 26, 2026, following a temporary suspension of an arrest warrant that will allow him to appear before the courts, according to the article.
Fraud & scams
Peter Stokes, 19, a dual U.S.-Estonian citizen, was extradited from Finland to face charges of conspiracy, computer intrusion, and fraud in connection with the Scattered Spider hacking group.
Sanctions
OFAC expanded its designation of ISIS-Khorasan (ISIS-K) by adding 134 cryptocurrency wallet addresses to the sanctions list, including 131 TRON and 3 Monero addresses. According to the analysis, the designated wallets received over $1.4 million since 2023 and transferred more than $880,000.
Fraud & scams
Jean Wilson, 54, of Richmond Hill, Georgia, a licensed nurse practitioner, was sentenced to 120 months in prison and ordered to pay $66 million in restitution for conspiracy to commit wire fraud and health care fraud.
Money laundering
EagleBank and its parent Eagle Bancorp Inc. entered into a non-prosecution agreement to pay over $9.7 million to resolve DOJ's investigation into violations of the Bank Secrecy Act.
Money laundering
Christopher Alexander Delgado, 34, of Apopka, pleaded guilty to two counts of wire fraud and one count of money laundering, admitting that as the head of Goliath Ventures, he paid purported returns to existing investors from funds contributed by new investors.
The Securities and Exchange Commission announced settled charges against Merrill Lynch, Pierce, Fenner & Smith Incorporated for failing to file numerous Suspicious Activity Reports (SARs) from April 2020 through September 2024. Merrill agreed to pay a $7.5 million civil penalty.
Fraud & scams
Hollywood director Carl Rinsch, 48, was sentenced to 2.5 years in prison after being convicted of defrauding Netflix out of $11 million for a never-finished sci-fi series called 'White Horse.'
Fraud & scams
On June 25, 2026, the DOJ and SEC announced parallel actions against Mingran Wang, founder of Greenroots Capital Management, for a multi-year spoofing scheme involving more than 3,000 instances of market manipulation across over 150 thinly traded ADRs, generating approximately $1.
Securities & markets
The SEC sued a retired professional soccer player and his company Vortex Strategies LLC for allegedly making $2.7 million through insider trades spanning nearly three years (Feb 2022 - Oct 2024), trading ahead of eight corporate announcements.
SEC filed settled actions for their roles in an alleged fraudulent securities offering orchestrated by Wells Real Estate Investment, LLC. Details of the fraud scheme and amounts involved not specified in search results.
Money laundering
Ygor Fokin Saviolli, 35, Brazilian national, pleaded guilty June 24, 2026 to conspiracy to launder more than $30 million in drug trafficking proceeds.
Money laundering
The Financial Crimes Enforcement Network (FinCEN) issued an alert warning financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting federal student aid programs.
Fraud & scams
Menashe Davidovitz, 31, charged with conspiracy to commit honest services fraud, conspiracy to commit bribery, and conspiracy to sell false seals and official insignia.
Fraud & scams
The Justice Department charged 15 individuals—11 undocumented immigrants and four U.S. citizens—with defrauding federal and state benefit programs of more than $1.4 million.
Los Angeles County District Attorney Nathan J. Hochman announced felony state tax evasion charges against comedian Carlos Mencia for failing to report $8.7 million in personal and corporate income taxes between tax years 2019-2024.
Other
DOJ declined prosecution of Robert Bosch GmbH, resolving investigation into alleged scheme to export over $70 million in sensor products and software to Entity-listed Huawei between September 2020 and September 2024 without required Commerce Department authorization, generating approximately $11.
Money laundering
Reda Mazen Rida Sabassi, 38, of San Diego, charged with terrorism, sanctions-evasion, wire fraud, money laundering, and false statements in connection with allegedly raising approximately $600,000 through purported charitable campaigns and diverting funds to Hamas.
Money laundering
Yahya Sowe, 42, of College Park, Maryland, was sentenced to 114 months in prison and ordered to pay roughly $13 million in restitution for his leadership role in a money laundering conspiracy that moved more than $11 million in proceeds from business email compromise scams and other fraud through shell company bank accounts from 2021 until his arrest in February 2024.
Money laundering
Stanley Pophal, 64, of Wausau pleaded guilty to wire fraud and money laundering after defrauding investors out of $14.25 million through his business Bright with Silver, Inc.
Fraud & scams
Seven Las Vegas residents—Elias Santino Acereto, Sheyland Barnett, James Freeman, Tyrone Tatrice Johnson, Marcus Dushun McMillian-Bonner, Yves Harrison Pierre, and Nathan Jeffry Scott—were arrested and charged with submitting fraudulent applications for Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loan (EIDL) programs.
Bribery & corruption
David Duggin, 55, of Orrtanna, Pennsylvania, a former Senior Systems Engineer and on-site contractor at a U.S. government Intelligence Community agency, pleaded guilty to conspiring to commit offenses against the United States by accepting $510,000 in kickbacks.
Money laundering
Ray Martinez, former Commissioner of the Virgin Islands Police Department, was sentenced to 10 years in prison, and Jenifer O'Neal, former Director of the Virgin Islands Office of Management and Budget, was sentenced to 7 years in prison for their roles in a procurement fraud, bribery, and money laundering scheme.
Money laundering
Honduras's Public Ministry filed money laundering charges on June 11, 2026, against former National Police official Mario Guillermo Mejía Vargas, who is currently serving a sentence in the United States for drug trafficking-related crimes.
Money laundering
Jason Noah Feinman, of Calabasas, California, was sentenced to 27 months in prison for tax evasion, operating an illegal gambling business, and money laundering. Feinman operated a Costa Rica-based business running a website that facilitated illegal gambling activities.
SEC charged John Sterling Myers and his companies Sterling Capital, LLC and Sterling Capital Management, LLC with multi-year fraud (January 2022 through at least July 2025).
Trafficking
FBI-led nationwide operation from March 1 to May 31, 2026 resulted in over 1,100 arrests, over 600 charges filed, and almost 600 search warrants conducted targeting gang-related threats.
Western Asset Management Company agreed to pay $100 million civil penalty to settle SEC investigation into firm's failure to detect and prevent former co-Chief Investment Officer Ken Leech's alleged cherry-picking scheme.
Timmy G. Robinson Jr., 50, founder of Addiction Recovery Care (ARC), was indicted for one count of wire fraud and two counts of money laundering. According to the indictment, in July of 2025, Robinson allegedly caused ARC to enter into a sales agreement where the buyer made a $2.
Other
Bisaam Ghafoor, 21, of Leawood, Kansas; Elias Shamsaldeen, 21, of Porterville, California; and Bereen Dzayee, 25, of Lakeside, California, were arrested on charges of conspiracy to provide material support to ISIS.
SEC charged JianQing Li, former investment analyst at New York-based investment adviser, with insider trading in securities of at least twelve healthcare companies from February 2024 through October 2025.
Fraud & scams
DOJ announced federal-state partnership in Ohio and indictments against individuals accused of over $42 million in fraud schemes.
Fraud & scams
A federal jury in Maryland convicted AeroVanti CEO Patrick Britton-Harr on six counts of wire fraud. Top Gun members collectively paid approximately $15 million in upfront payments to purchase five aircraft, but Britton-Harr never purchased the aircraft.
OFAC confirmed that GAESA (Grupo de Administración Empresarial S.A.), MININT, and MINFAR are blocked pursuant to Executive Order 14404 relating to Cuba sanctions. All three entities blocked as of June 4, 2026. GAESA is a conglomerate owned by Cuban Revolutionary Armed Forces.
Other
In early June 2026, the DOJ obtained a superseding indictment against the Southern Poverty Law Center with additional details, alleging that $4.
Community Care Health Network LLC (doing business as Matrix Medical Network), DPN USA (doing business as HealthFair), and Shahriah 'James' Ekbatani agreed to pay a total of $56.5 million to resolve False Claims Act allegations relating to in-home health risk assessments.
Money laundering
Thomas Padovano, an Essex County, New Jersey man, was sentenced to 234 months (19.5 years) in prison for the distribution of hundreds of kilograms of fentanyl analogues and money laundering.
Fraud & scams
David Hunt, Brandon Hunt, Baylon Hunt, and Corey Burt sentenced (92, 90, 38, and 94 months respectively) for orchestrating scheme to file false tax returns in names of purported trusts. Scheme sought more than $8.5 million in tax refunds; co-conspirators received over $1.
Oglethorpe Inc., an operator of psychiatric hospitals headquartered in Tampa, Florida, along with its founder and principal owner Robert Cohen, CEO John Picciano, and Chief Operating Officer James O'Shea agreed to pay $32 million to resolve False Claims Act allegations.
Andrew Left, 55, founder of Citron Research and frequent guest on CNBC, Fox Business, and Bloomberg Television, was convicted by a federal jury of securities fraud for manipulating stock market activity by trading opposite to public positions he presented, reaping over $21 million in profits.
Meade Lewis, 32, founder and CEO of mIQroTech, Inc., a technology company in the oil and gas industry, was indicted on five counts of wire fraud for allegedly defrauding investors of more than $7 million. If convicted, Lewis faces up to 20 years in federal prison on each count.
The SEC charged Nathan Fuller in a crypto asset trading scheme in which he allegedly raised approximately $12.3 million from about 150 investors based on misrepresentations, including that he would use proprietary AI-based trading bots.
Fraud & scams
Cheungkin Lam (Kelvin Lam), former TD Bank employee, pleaded guilty to defrauding TD Bank customers and bribing employee at another financial institution to falsify bank records, facilitating more than $3.4 million of fraud.
Money laundering
CFTC and DOJ charged a Google software engineer with commodities fraud, wire fraud, and money laundering for allegedly using confidential internal Google search data to place bets on Polymarket, making more than $1.2 million. The case represents expanded enforcement into prediction markets.
Money laundering
Roberta Shaffer, a former DuBois city staffer, pleaded guilty to two charges — one count each of felony embezzlement and unlawful transaction.
Money laundering
Three Florida men were sentenced to prison for their participation in a scheme to defraud Medicare and launder more than $2.2 million in illicit health care fraud proceeds. Between January 2022 and February 2023, fraudulent DME companies submitted approximately $6.
Fraud & scams
DOJ announced criminal charges against 15 defendants, including owners of child care centers and various Medicaid providers, for their alleged participation in various fraud schemes involving over $90 million in intended loss, including the two largest Medicaid fraud cases ever charged in the District.
Fraud & scams
Leonard Pick, 62, of Palm Beach Shores, Florida, and Brian Kent, 59, of Tampa, Florida, were charged with orchestrating a bribery and major fraud conspiracy that corrupted the competitive procurement process for a Department of War technology innovation lab in the Pacific.
Fraud & scams
DOJ National Fraud Enforcement Division announced second consecutive week (after May 8) of $1B+ fraud enforcement actions.
Financial Transactions and Reports Analysis Centre of Canada imposed administrative monetary penalty on 13010431 Canada Inc. for non-compliance with Proceeds of Crime (Money Laundering) and Terrorist Financing Act requirements.
Fraud & scams
Federal jury in Southern District of Florida convicted Brett Blackman, 42, of Kansas, founder/owner of HealthSplash for operating DMERx platform that generated false doctors' orders and prescriptions to defraud Medicare and federal healthcare programs of $1B+ for unnecessary durable medical equipment.
A social media influencer failed to report the full income he earned from his work in 2020 and 2021 by withholding information from his tax preparer regarding an additional $807,142 and $390,566 in those respective years.
OFAC issued Counter Terrorism and Counter Narcotics designations on May 8, 2026, blocking property and interests in property of certain persons under U.S. jurisdiction.
FINTRAC imposed a $51,562.50 administrative monetary penalty on Birks Group Inc., a precious metals and stones dealer with Canadian retail locations, following a compliance examination.
Fraud & scams
Reyad Salahaldeen, 57, of Buford, Georgia sentenced to 151 months; Mohamad Mustafa, 28, of Duluth, Georgia sentenced to 36 months for scheme to defraud Medicare, Medicaid, private insurers by submitting $522M+ in fraudulent claims for medically unnecessary genetic tests obtained through illegal kickbacks/bribes.
Money laundering
Two former U.S. Postal Service mail carriers, a former bank manager, and a convicted felon were indicted for conspiracy to commit bank fraud, bank fraud, money laundering conspiracy, and aggravated identity theft. The scheme involved stealing a $4.9 million U.S. Treasury check from the mail.
Fraud & scams
Justice Department announced unprecedented federal and state cooperation in Ohio, including federal and state charges against 9 defendants for their alleged participation in over $42 million in fraud.
FINTRAC issued a special bulletin on extortion-related money laundering targeting Canada's South Asian diaspora. The agency generated over 100 financial intelligence disclosures related to extortion since early 2026—exceeding 2024-2025 combined—identifying 300+ subjects across 63,000+ transactions.
Money laundering
Montgomery, Alabama grand jury indicted the SPLC on 11 counts alleging the organization diverted over $3 million in donor funds (2014-2023) to individuals associated with violent extremist groups including KKK, Aryan Nations, National Socialist Movement, and American Nazi Party through fictitious…
IBM agreed to pay $17 million to settle allegations that it violated the False Claims Act by failing to comply with antidiscrimination requirements in its federal contracts. This is the first settlement under DOJ's Civil Rights Fraud Initiative.
Fraud & scams
Vincent J. Camarda, CEO of A.G. Morgan Financial Advisors LLC, pleaded guilty to securities fraud and investment adviser fraud involving at least $138 million from at least 431 investors, many elderly.
The SEC highlighted additional recent fraud cases, including an ATM-related fraudulent scheme involving $770 million from approximately 2,700 investors and a Ponzi scheme in which approximately 300 investors were defrauded of at least $140 million.
Fraud & scams
AB, a blockchain network partnered with Trump family's World Liberty Financial, promoted a cryptocurrency resort in Timor-Leste involving three individuals later sanctioned by the U.S.
Vincent J. Camarda, Long Island investment adviser and CEO of A.G. Morgan Financial Advisors LLC, pleaded guilty to securities fraud and investment adviser fraud for defrauding 430+ investors (many elderly) of $138-160 million.
DOJ and SEC announced parallel enforcement actions against Vincent J. Camarda, CEO of A.G. Morgan Financial Advisors LLC, for allegedly defrauding at least 430 investors—many elderly and financially unsophisticated—of at least $138 million.
Money laundering
FinCEN imposed $80 million civil penalty on Canaccord Genuity LLC for willful failure to implement effective AML program (March 2018-June 2024).
Securities & markets
SEC sued Doximity Inc.'s former chief revenue officer Paul W. Jorgensen for insider trading, alleging he used confidential company information about declining sales and planned layoffs to make stock trades that netted him more than $2.5 million in profits.
A federal grand jury indicted Elijah Armstrong, Nino Chindavanh, and Jayden Rucker on conspiracy charges relating to a violent robbery spree targeting cryptocurrency owners in San Francisco, San Jose, Sunnyvale, and Los Angeles.
In March 2026, a grand jury returned a federal indictment charging Jason Morales (44, Chagrin Falls, Ohio) with six counts of bank fraud. Morales created fictitious and fraudulent paystubs and other employment documents to ensure unqualified borrowers were approved for mortgage loans.
FinCEN imposed $80 million civil money penalty against Canaccord Genuity LLC for willful BSA violations during March 2018-June 2024. Largest penalty ever imposed against a broker-dealer for BSA violations. Combined with SEC ($20M) and FINRA ($20M) penalties totaling $120M.
The SEC reached a settlement with Tron and founder Justin Sun, with Rainberry Inc. paying a $10 million fine for violations of federal securities laws through the sale and airdropping of Tron (TRX) and BitTorrent (BTT) tokens.
Fraud & scams
Thomas Goldstein, a prominent appellate attorney, was convicted of tax evasion, assisting in the preparation of false tax returns, willful failure to timely pay taxes and making false statements to mortgage lenders.
Money laundering
René Arzate-García, also known as 'La Rana,' 42, alleged Tijuana plaza boss for Sinaloa Cartel, charged with narcoterrorism and material support of terrorism related to trafficking fentanyl, cocaine, methamphetamine, and marijuana into United States. U.S.
Fraud & scams
Justin Ryan Schmidt, a Cayman national who renounced his U.S. citizenship, was charged with tax evasion, filing false returns and willfully failing to file tax forms disclosing foreign assets.
Fraud & scams
Five individuals were charged in February 2026 for their alleged involvement in a scheme to obtain millions of dollars of mortgage loans and dozens of luxury apartment leases by submitting fraudulent applications and forged financial records.
Money laundering
New York-based banker Renat Abramov pleaded guilty to participating in a scheme to launder more than $8 million in fraudulently obtained Medicare reimbursements.
Money laundering
Pennsylvania federal jury convicted Charles Hunter Hobson, former Corsa Coal VP, of FCPA violations, money laundering, and wire fraud conspiracy after five hours of deliberation.
On February 5, 2026, the United States Attorney's Office obtained a 15-count federal indictment on charges including wire fraud, conspiracy to commit wire fraud, aggravated identity theft, money laundering, and conspiracy to commit money laundering.
The SEC filed settled charges against Archer-Daniels-Midland Company (ADM) and its former executives for materially inflating the performance of a key business segment, Nutrition.
FinCEN announced investigations of four money services businesses in Minnesota and issued a Geographic Targeting Order effective from February 12, 2026, to August 10, 2026, as part of a crackdown on alleged fraud in Minnesota government benefits programs.
Fraud & scams
Cheungkin Lam, a former TD Bank employee, pleaded guilty to defrauding customers and bribing an employee at another financial institution to falsify bank records, facilitating more than $3.4 million in fraud losses.
On December 16, 2025, the SEC filed settled charges against an individual trader for allegedly engaging in a two-year spoofing scheme that generated approximately $373,885 in ill-gotten gains.
Money laundering
Comunicaciones Celulares S.A., doing business as TIGO Guatemala, entered into a two-year deferred prosecution agreement and paid $118 million ($60 million fine and $58.2 million in forfeiture) to resolve charges of conspiracy to violate the anti-bribery provisions of the FCPA.
Fraud & scams
Danielle Hillmer, 53, of Chantilly, Virginia, a former senior manager at a Virginia-based government contractor, was charged with major government fraud, wire fraud, and obstructing federal audits, according to the Justice Department.
Fraud & scams
The Justice Department announced its 2025 National Health Care Fraud Takedown, which resulted in criminal charges against 324 defendants, including 96 doctors, nurse practitioners, pharmacists, and other licensed medical professionals.
Money laundering
DOJ filed civil forfeiture complaint against more than $225.3 million in cryptocurrency, marking the largest cryptocurrency seizure in U.S. Secret Service history. Cryptocurrency connected to theft and laundering from victims of cryptocurrency investment fraud schemes ('pig butchering' scams).
Sanctions
DOJ's National Security Division issued first declination under corporate self-disclosure policy for Robert Bosch GmbH, resolving investigation into alleged scheme to send products containing U.S. technology to Entity-listed Huawei in PRC. Bosch will pay $36.
FinCEN assessed a record $1.3 billion penalty against TD Bank for violations of the Bank Secrecy Act - the largest penalty against a depository institution in U.S. Treasury and FinCEN history.
Money laundering
A federal grand jury in the District of Columbia returned a superseding indictment against Audias Flores Silva, a high-ranking CJNG leader, on charges including money laundering conspiracy.
Securities & markets
On March 30, 2026, the US Attorney's Office for the Northern District of California announced three indictments charging ten foreign nationals across four cryptocurrency firms GOTBIT, Vortex, Antier, and Contrarian, as part of Operation Token Mirrors.
Rossen G. Iossifov, 53, a Bulgarian national already serving a 111-month federal prison sentence for online fraud, made an initial appearance in federal court in the Eastern District of Kentucky on charges of destruction or removal of property to prevent seizure, aiding and abetting, and conspiracy…
The SEC charged Jay Lucas and Lucas Brand Equity LLC with fraudulently inducing hundreds of investors to invest more than $50 million in three private equity funds while diverting millions to personal expenses including rent, alimony, wedding costs, and ownership of a newspaper, with parallel criminal charges filed in the Southern District of New York.
Former NBA players Malik Beasley and Edward Davis, along with four others including a current NBA player agent, were charged with wire fraud conspiracy, bribery in sporting contests, honest services wire fraud conspiracy, and money laundering conspiracy.
FinCEN released updated guidance clarifying how financial institutions can share information about suspected fraud with each other under section 314(b) of the USA PATRIOT Act.
FinCEN and federal regulators proposed a Stablecoin Customer ID Rule under the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act).
Jahquel Robertson, 31, of Albany, and 12 others charged with bank fraud scheme involving over $1 million in stolen checks. Robertson allegedly received checks stolen from mail by bribing corrupt USPS employee.
Weidong 'Bill' Guan, former Chief Financial Officer of The Epoch Times, pleaded guilty to conspiring to launder at least $67 million in illegally obtained funds.
Fatoumata Boiro, 32, of Largo, was sentenced to two years in prison for conspiring to engage in a large money laundering conspiracy, according to the U.S. Attorney's Office. Judge Matthew J. Maddox ordered Boiro to pay $6,838,558.31 in restitution.
Said Abdullahi Ereg, 47, surrendered to the FBI on June 10, 2026, becoming the first person from the FBI's new Most Wanted Fraudsters List to be taken into custody.
OFAC launched a new online Reconsideration Portal to streamline the submission of requests for removal from OFAC sanctions lists. The portal guides submitters to provide necessary information upfront rather than through extended questionnaire exchanges.
Matthew Blake Morrow-Wu sentenced to 160 months (over 13 years) in prison for perpetrating a scheme to defraud a Manhattan architecture firm.
FinCEN issued a Joint Advisory on Non-Work Authorized Populations and Their Employers and Risks to the Integrity of the U.S.
Mahender Makhijani, 44, of Corona del Mar, arrested June 10, 2026 and charged with bank fraud for allegedly defrauding Western Alliance Bancorp out of nearly $100 million.
Federal grand jury in Western District of Tennessee returned 11-count indictment charging Misam M. Abidi, 47, of Nolensville, Tennessee, with crimes related to running cryptocurrency Ponzi scheme through his firm Star Credit Holdings, defrauding millions from investors between 2020 and 2024.
A federal jury found Cesar Cervantes, 52, of Tucson, Arizona, guilty on June 23, 2026 on all counts for his role in leading narcotics and money laundering conspiracies and distributing five kilograms or more of cocaine tied to Cincinnati operations.
Federal grand jury returned six-count indictment against Shelby County General Sessions Court Clerk Tamara Sawyer, alleging she embezzled, stole, and knowingly converted $44,607.35 in public funds to her own use between August 29, 2024 and June 22, 2025.
Federal grand jury indicted Florida and Virginia residents for allegedly engaging in a $26 million wire fraud and money laundering scheme. The defendants allegedly defrauded victims through fraudulent business schemes.
An indictment was unsealed charging Emmanuel Clase de la Cruz and Luis Leandro Ortiz Ribera with wire fraud conspiracy, honest services wire fraud conspiracy, conspiracy to influence sporting contests by bribery, and money laundering conspiracy for rigging MLB betting schemes.
The SEC filed proposed partial judgments against David Kushner of Boca Raton, Florida, and his company La Mancha Funding Corp. for allegedly defrauding nearly two dozen investors out of approximately $2.1 million in a series of private securities offerings.
Justin Chen was sentenced to 27 months in prison for insider trading conspiracy. According to prosecutors, Chen misused material non-public information to trade in the securities of 13 publicly traded companies, making at least $2.38 million in profits. Chen was ordered to forfeit $1,828,442.
Treasury sanctioned criminal operators and money launderers for the notorious Sinaloa Cartel, targeting cash-to-crypto laundering networks tied to fentanyl trafficking.
The U.S. Attorney's Office filed a civil forfeiture complaint against more than $225.3 million in cryptocurrency connected to theft and laundering of funds from victims of cryptocurrency investment fraud schemes. This represents the largest cryptocurrency seizure in U.S. Secret Service history.
Bill Ying Li, 51, Bing Xun Gong, 56, and Sabir Magdeev, 33, were indicted on one count of conspiracy to launder monetary instruments, according to prosecutors. The defendants allegedly conspired to launder more than $3 million in fraud proceeds through a New Hampshire business.
Money laundering
South American drug lord Sebastian Marset, in court filings, alleges that two federal agents attempted to extort millions of dollars in cryptocurrency from him.
Terri Lynn Outer, former dental assistant contractor at FCI Otisville federal prison, charged with bribery and conspiracy to provide contraband.
Charles 'Chuck' Jones (former FirstEnergy CEO) and Michael Dowling (former SVP external affairs) reindicted by Summit County grand jury on 22 combined felony counts including engaging in pattern of corrupt activity, bribery, conspiracy, tampering with evidence, telecommunications fraud, and obstructing justice.
The U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) reached a Settlement Agreement with Rice Lake Weighing Systems, Inc. regarding alleged violations of OFAC sanctions programs. The settlement represents enforcement action by OFAC for non-compliance with U.S.
Frank Carone (former chief of staff to NYC Mayor Eric Adams), Anthony Carone, Crystal Chen, and Yan Po Zhu charged in 13-count indictment for bribery scheme exploiting migrant crisis funding. Carone allegedly received $120,000 in bribes to steer $6.8 million contract to unsuitable hotel.
Nineteen individuals pleaded guilty to conspiracy to commit bank fraud in Florida.
Sanctions
According to an OCCRP investigation, a 2022 Pentagon fuel supply contract for the U.S. consulate in Iraqi Kurdistan involved subcontractor Tavrons Ltd, allegedly connected to U.S.-sanctioned Lebanese brothers Raymond and Teddy Zina Rahme. U.S.
Liviu Mihai Dumitru, 44, a Romanian national, was sentenced to 48 months' incarceration by U.S. District Judge Karen Caldwell for conspiracy to commit money laundering, according to prosecutors.
Money laundering
The Federal Reserve Board requested comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs, according to the Fed.
OFAC removed sanctions on 76 outdated targets from its Specially Designated Nationals and Blocked Persons (SDN) List as part of Treasury's ongoing sanctions modernization initiative.
Federal prosecutors filed a superseding indictment adding allegations that Joshua Wander diverted the majority of a $20 million loan into his personal brokerage account and directed employees to fabricate bank statements to conceal the diversion.
Jose Bello, 38, was charged with four counts of wire fraud for allegedly defrauding investors who believed they were funding short-term, high-return loans for real estate transactions or storm damage repair. Bello allegedly obtained at least $5.7 million from investors in a Ponzi-style scheme.
Alibaba Group and its U.S. payment processor AUS Merchant Services agreed to pay $600 million to resolve DOJ allegations that they failed to prevent the sale of over $200 million in illegal pharmaceuticals, controlled chemicals, and counterfeiting equipment between 2016 and 2024.
A New York man was indicted for allegedly operating a multi-million dollar fraud and money laundering scheme targeting investors and financial institutions.
A federal grand jury in Rhode Island returned an indictment charging 26 individuals connected to Providence-area street gangs, including the East Side gang and the Congress gang, with racketeering, conspiracy, and financial crimes.
Nine defendants were convicted in U.S. District Court in Dayton, Ohio after lead defendant Alex Garnett, 49, of Mason, pleaded guilty to conspiring to possess with intent to distribute 40 grams or more of fentanyl and 500 grams or more of cocaine, as well as wire fraud.
John Myers, 41, was indicted on four counts of wire fraud for operating Illinois-based Sterling Capital Investments, LLC.
Miles Guo was sentenced to 30 years in prison for racketeering conspiracy, conspiracy to commit wire fraud, securities fraud, and money laundering, among other charges, for leading an expansive and complex scheme to solicit more than $1 billion of investments.
A federal grand jury in New Haven returned an indictment charging each of six defendants with one count of conspiracy to commit mail fraud and wire fraud, five counts of mail fraud, four counts of wire fraud, and one count of conspiracy to commit money laundering in connection with a sweepstakes scam targeting elderly victims.
Adebanjo "Banjo" Popoola, 57, pleaded guilty in U.S. District Court in St. Louis to three counts of wire fraud. According to prosecutors, Popoola was a building division inspector with the City of St.
LaShonda Moore (38) and Marlon Moore (39) of Frisco, Texas, were sentenced to 40 years each in prison for running Blessings in No Time (BINT), an illegal chain-referral pyramid scheme that defrauded more than 10,000 victims of over $30 million during the COVID-19 pandemic (June 2020-June 2021).
Sanjeev Kumar, 45, a Memphis gynecologist, was sentenced to 240 months in prison for using adulterated medical devices in more than 15,000 hysteroscopy procedures on Medicare and Medicaid patients.
Theodore Woo, 49, former chief financial officer of a Miami Beach hedge fund, pleaded guilty to securities fraud.
Benjamin Paul Wiener, 43, of Sioux Falls, South Dakota, was indicted on 29 counts including wire fraud, money laundering, bank fraud, and aggravated identity theft, according to the Justice Department.
OFAC removed 84 individuals and entities from the Specially Designated Nationals List as part of a sanctions modernization initiative, according to the Treasury Department.
The US Attorney's Office for the District of Maryland announced that James Carroll Erny Jr., 55, of Glen Arm, Maryland, was sentenced on 23 July 2026 to 13 months in prison followed by eight months of home confinement for bribery.
The US Attorney's Office for the District of Massachusetts announced that three men have been charged over alleged multi-state schemes to defraud property owners by impersonating them to sell their land and to launder the proceeds.
The US Attorney's Office for the District of Massachusetts announced that Barbara A.
The US Attorney's Office for the District of Columbia announced it had filed five civil forfeiture complaints seeking more than $25 million in cryptocurrency that prosecutors allege was stolen from thousands of fraud victims in the United States and Canada.
Money laundering
US prosecutors have charged Edward Zimbardi, 59, with 12 counts of wire fraud, 12 counts of money laundering, and one count of money laundering conspiracy in connection with an alleged cryptocurrency Ponzi scheme that defrauded thousands of investors of approximately $165 million.
Garrett Douglas Johnson, 41, of Dallas, Texas, was indicted on charges alleging he defrauded banks and individual lenders out of more than $20 million. The indictment includes five counts of bank fraud and one count of wire fraud.
The SEC charged Gavin Wolfe and Jason Satsky, former Wall Street investment bankers, with insider trading in South Jersey Industries, Inc. (SJI).
Abdinasir Mahamed Abshir, 34, of Lakeville, was sentenced to 78 months in prison for his role in the $250 million Feeding Our Future fraud scheme.
A federal jury in Greenbelt, Maryland convicted Kimberly Goodwin, 54, of Bowie, Maryland, the former president of American Federation of Government Employees (AFGE) Local 2419, of participating in a wire fraud conspiracy and eight counts of money laundering.
Fraud & scams
According to OCCRP, a U.S. federal grand jury indicted Taj Tarsha, 34, of Miami, on securities and wire fraud charges for allegedly diverting more than $10 million from investors in his crypto startup Few and Far, which claimed to be developing a decentralized NFT marketplace.