A Georgian citizen has been sentenced to 37 months in prison for laundering more than $1.1 million in proceeds from a large-scale healthcare fraud scheme targeting Medicare and private insurers. Irakli Nakashidze, 35, a Georgian national residing in Miami, Florida, owned ABRH Care Inc (ABRH), which presented itself as a medical supply company but operated as a sham entity used to defraud Medicare. Court documents reveal that in the first six months of 2025 alone, ABRH billed

The United States Department of Justice (DOJ) has announced criminal charges against two defence contractors accused of orchestrating a long-running bribery and major fraud conspiracy that corrupted the competitive procurement process for a Department of War technology innovation lab in the Pacific. Leonard Pick, 62, of Palm Beach Shores, Florida, and Brian Kent, 59, of Tampa, Florida, are alleged to have manipulated the contracting process surrounding the US Army Pacific Com

An Ohio man has been sentenced to nine years in prison for running a cryptocurrency investment fraud scheme that raised more than $10 million from investors, many of them based around Columbus, Ohio. The case is the latest example of US authorities pursuing crypto-related fraud using traditional wire fraud enforcement powers. Rathnakishore Giri, 31, of New Albany, Ohio, was sentenced to nine years in prison followed by three years of supervised release after admitting to orch

Mehrdad Tabrizi, the owner of two Southern California medical companies, has pleaded guilty to wire fraud and money laundering after admitting he fraudulently obtained more than $1 million in COVID-19 relief funds. The case highlights the continuing enforcement focus on abuse of pandemic-era support schemes, particularly where dormant or ineligible businesses were used to secure government-backed loans. According to the DoJ, Tabrizi used Life Fleet Inc. and Resonante Group to

The FCA has intensified its campaign against illegal finfluencers, leading a co-ordinated international week of action involving 17 regulators across major financial centres. The initiative, which began on 20 April 2026, targeted social media personalities and unauthorised firms using online platforms to promote financial products unlawfully and expose consumers to scams. In the UK, the FCA’s action included securing a guilty plea from Geordie Shore’s Aaron Chalmers for illeg

The US Department of Justice has charged the Southern Poverty Law Center (SPLC) with 11 counts of wire fraud, false statements to a federally insured bank, and conspiracy to commit concealment money laundering, in a high-profile case that places donor transparency, charitable governance and financial crime controls under scrutiny. The indictment was returned by a federal grand jury in Montgomery, Alabama on 21 April 2026. According to the DOJ, the SPLC allegedly used more t

FinCEN’s Rapid Response Programme has now helped interdict more than $1.8 billion in stolen funds for US victims of cyber-enabled fraud, underlining the growing importance of rapid cross-border financial intelligence sharing in tackling digital crime. According to FinCEN, more than $268 million has been interdicted since President Trump resumed office. The programme works by enabling FinCEN to share financial intelligence quickly with foreign financial intelligence units and

The Department of Justice has sentenced two US nationals for facilitating a fraudulent remote IT worker scheme that generated more than $5 million in illicit revenue for the Democratic People’s Republic of Korea, underlining the growing national security risk posed by DPRK cyber-enabled revenue operations. Kejia Wang, 42, of Edison, New Jersey, was sentenced to 108 months in prison, while Zhenxing Wang, 39, of New Brunswick, New Jersey, received a 92-month sentence. Both men

An Arkansas man’s guilty plea to insider trading reinforces the U.S. Department of Justice’s (DOJ) continued focus on market abuse arising from informal personal relationships and misuse of confidential corporate information. The case illustrates how non-traditional information channels, including friendships with senior executives, remain a key enforcement priority for regulators and prosecutors. Douglas Dalton admitted securities fraud after trading on material nonpublic in

FinCEN has sharpened its focus on health care fraud with a new Advisory warning financial institutions about increasingly sophisticated schemes targeting Medicare, Medicaid and other government health care benefit programmes. Released on 30 March 2026, the Treasury measure frames health care fraud not simply as a billing abuse issue, but as a money laundering and national security concern involving organised crime groups and transnational criminal organisations. The Advisory

The Payment Systems Regulator (PSR) has set out an ambitious agenda for 2026/27, with card fees, APP fraud and wider payments reform at the centre of its annual plan. Published on 26 March 2026, the programme signals a regulator intent on pushing ahead where competition remains weak, while maintaining strong consumer protections and supporting the next phase of innovation in UK payments. A major priority is card fees, where the PSR plans to press on with action over both cros