NEW YORK, NEW YORK – A Queens man has been sentenced to 10 years in prison after being convicted of committed fraud through Small Business Administration loans.]
Djonibek Rahmankulov was convicted of laundering millions of dollars in criminal proceeds obtained from computer hacking, healthcare fraud, and Small Business Administration loan fraud, as well as operating an unlicensed international money-transmitting business.
Rahmankulov was convicted at trial on September 1, 2022, of money laundering conspiracy, bank fraud, and conspiracy to operate an unlicensed money-transmitting business.
“Djonibek Rahmankulov laundered money for a living. He exploited the financial system to launder millions of dollars from multiple fraudulent schemes and repeatedly lied to banks to operate his illegal enterprise,” U.S. Attorney Damian Williams said. “Once caught — and even after he was convicted — the defendant continued to show that he believed he was above the law by threatening a witness and submitting false information to the Court. Today’s sentence reflects that this Office will find and prosecute those who seek to abuse the U.S. financial system to launder dirty money.”
Federal prosecutors proved that from 2017 to 2020 Rahmankulov operated several shell companies that he used to launder money from criminal acts.
He worked with hackers to gain control of bank accounts of victims and transferred their funds into accounts operated by his shell companies.
In addition to that, Rahmankulov also worked with pharmacies to defraud Medicare and Medicaid.
In 202, he filed for fraudulent COVID-19 business relief loans.