Queens man found guilty of money laundering and bank fraud | USAO-SDNY

Damian Williams, the United States Attorney for the Southern District of New York, announced that a jury had returned a guilty verdict against DJONIBEK RAHMANKULOV for conspiracy to launder money, bank fraud and conspiracy to operate a unlicensed money transfer business. RAHMANKULOV is scheduled to be sentenced on January 5, 2023 by U.S. District Judge Ronnie Abrams.

US Attorney Damian Williams said: “Djonibek Rahmankulov exploited the US financial system to launder millions of dollars in fraud proceeds. He repeatedly lied to banks as part of his illegal money laundering business. Yesterday a jury found Rahmankulov guilty of his crimes and he faces a long prison sentence.

According to the superseding indictment and evidence at trial:

Between 2017 and September 2020, RAHMANKULOV operated a network of shell companies that were used to launder millions of dollars in criminal proceeds from several types of criminal activity. RAHMANKULOV worked with hackers who fraudulently took over the bank accounts of victims located across the United States and executed millions of dollars in fraudulent wire transfers to bank accounts opened by RAHMANKULOV and his co-conspirators. RAHMANKULOV received wire transfers to bank accounts he created and bank accounts he had others create and laundered these proceeds through several additional bank accounts to prevent victims and banks from recovering the stolen funds.

Additionally, RAHMANKULOV has worked with a network of pharmacies implicated in Medicare and Medicaid fraud. These pharmacies have submitted millions of dollars in fraudulent invoices for anti-HIV drugs that they either did not dispense or obtained illegally, including by repurchasing drugs from HIV-positive patients on Medicaid. RAHMANKULOV set up companies to receive these criminal proceeds from pharmacies and laundered them through various means, including using them to fund an unlicensed money transfer business that illegally transferred money to and from several countries, including the United States. ‘Iran.

In 2020, when the COVID-19 pandemic began, RAHMANKULOV filed fraudulent applications for COVID relief loans with the Small Business Administration for several businesses he controlled. He laundered loan and grant proceeds through these companies. RAHMANKULOV also made a number of materially false statements to financial institutions as part of his money laundering schemes, both when opening bank accounts and when performing financial transactions with those accounts. banking.

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RAHMANKULOV, 34, of Queens, New York, was convicted of one count of money laundering conspiracy, which carries a maximum prison sentence of 20 years; one count of bank fraud, which carries a maximum prison term of 30 years; and one count of conspiracy to operate an unlicensed money transfer business, which carries a maximum prison sentence of five years.

Mr. Williams praised the outstanding investigative work of the Federal Bureau of Investigation’s Money Laundering Investigation Squad in New York.

Prosecutions are handled by the Bureau’s Money Laundering and Transnational Criminal Enterprises Unit. Assistant U.S. Attorneys Cecilia Vogel, Thane Rehn and Samuel Raymond are charged with the prosecution.

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