QUEENS, NY – 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.
During the COVID-19 pandemic, Rahmankulov filed fraudulent applications for COVID relief loans and laundered the proceeds through his companies. He also made false statements to financial institutions in connection with his money laundering schemes. Rahmankulov attempted to obstruct justice by instructing a witness to lie to law enforcement and submitted fraudulent letters to the Court.
In addition to his prison term, Rahmankulov, 35, has been sentenced to three years of supervised release and ordered to pay a forfeiture of $5,413,278 and a $40,000 fine.
Shore News Network previously reported this story. This story is a secondary update from another reporter.