LOGZONE Inc, a Huntsville, Alabama-based defence contractor, has agreed to pay $507,144 to resolve liability under the False Claims Act (FCA) arising from its failure to meet cybersecurity requirements on contracts with the Department of the Navy. The settlement concerns allegations that LOGZONE knowingly submitted false or fraudulent claims for payment on two Navy contracts despite not complying with the contracts' cybersecurity obligations. Between May 2021 and March 2025,

A Texas couple who defrauded more than 10,000 people of over $30m through a fraudulent chain-referral pyramid scheme have each been sentenced to 40 years in prison, following their conviction on conspiracy, wire fraud, and money laundering charges in January 2026. LaShonda Moore, 38, and Marlon Moore, 39, of Frisco, Texas, co-founded and operated "Blessings in No Time" (BINT), which they marketed through weekly live-streamed broadcasts to thousands of participants across the

The Financial Conduct Authority (FCA) has obtained a confiscation order of £452,286.80 against Daniel Pugh, who is serving seven years and six months for defrauding investors of £1.3m through a Ponzi scheme operated from his Devon home. Pugh, 36, used Facebook advertising to recruit investors, promising unrealistic returns supposedly generated by trading across multiple markets. In reality, only 19% of the funds collected were ever traded, with the remainder sustaining the ap

The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued an advisory setting out typologies and red flag indicators for financial institutions to detect and report payroll tax fraud, identity theft and money laundering linked to unauthorised employment schemes. The advisory, issued jointly with the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC) and the National Credit Union Administration (

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