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.
Fraud & scams
SEC filed civil complaint against Nathan Fuller, founder of Privvy Investments, for allegedly operating $12.3 million Ponzi scheme affecting 150+ victims. Fuller falsely claimed to offer access to non-existent AI-based trading algorithms with unrealistic 40-50% returns within 30-45 days.
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
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.
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.
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.
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.
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…
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.
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.
Money laundering
FinCEN imposed $80 million civil penalty on Canaccord Genuity LLC for willful failure to implement effective AML program (March 2018-June 2024).
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.
Money laundering
Christopher Alexander Delgado, 34, Apopka, Florida, charged with operating Goliath Ventures (formerly Gen-Z Venture Firm) cryptocurrency Ponzi scheme (January 2023-January 2026).
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.
Treasury sanctioned criminal operators and money launderers for the notorious Sinaloa Cartel, targeting cash-to-crypto laundering networks tied to fentanyl trafficking.
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.
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.
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.
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.