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The Laundry Guy

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Senior Director of Strategic Alliances
LexisNexis Risk Solutions - Government

Djonibek Rahmankulov laundered money for a living. He operated a network of shell companies that were used to launder criminal proceeds from multiple types of criminal activity. And he made millions of dollars doing it.

Beginning in 2017, Rahmankulov worked with computer hackers who would gain control of the bank accounts of victims located throughout the United States and would execute millions of dollars in fraudulent wire transfers into bank accounts opened by Rahmankulov.  He would then process these proceeds through co-conspirators bank accounts to prevent the victims and the banks from recovering the stolen funds.

When this scheme got old, Rahmankulov started working with a network of pharmacies engaged in Medicare and Medicaid fraud. These pharmacies submitted millions of dollars of fraudulent billing for HIV medications that they did not dispense. Or worse, obtained illegally, sometimes by repurchasing medications from HIV patients who were Medicaid recipients. Using his tried-and-true business practices, Rahmankulov again created companies to receive these criminal proceeds from the pharmacies and laundered them through a variety of means. One of them including using an unlicensed money transmitting business that illegally moved money to and from multiple countries, including Iran.

Imagine Rahmankulov’s delight when the CARES Act for COVID relief was made! During the COVID-19 pandemic, Rahmankulov filed multiple fraudulent applications for COVID relief loans and laundered the proceeds through his companies. Why would he have done anything different?

A shout out to the witness in this case. Rahmankulov threatened a witness stating, among other things, that if he went to prison, “I will drag all of you with me, and once you are there, then I will have my revenge.” On March 19, 2023, Djonibek Rahmankulov has been sentenced to 121 months in prison.

Today’s Fraud Of The Day is based on article Queens Man Sentenced To Over 10 Years For Laundering Millions In Fraudulent Schemes” published by Shore News on March 19, 2023

On Friday, Djonibek Rahmankulov has been sentenced to 121 months in prison for laundering millions of dollars from various fraudulent schemes, including computer hacking, healthcare fraud, and Small Business Administration loan fraud. Rahmankulov was convicted of money laundering conspiracy, bank fraud, and conspiracy to operate an unlicensed money transmitting business.

Between 2017 and September 2020, Rahmankulov operated a network of shell companies to launder criminal proceeds from multiple types of criminal activity. He worked with computer hackers who fraudulently gained control of victims’ bank accounts and executed millions of dollars in fraudulent wire transfers. Additionally, Rahmankulov collaborated with a network of pharmacies engaged in Medicare and Medicaid fraud.

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