Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Financial Crime, North America, Regulatory

‘Their tactics were brazen;’ two brothers convicted over $112M drug addiction fraud and laundering scheme

By Dan Byrne for AMLi

Two brothers in the United States have been convicted of fraud and money laundering following a seven-week trial that exposed a scheme to profit from drug addiction.

Jonathan and Daniel Markovich of Bal Harbour, Miami (FL), were accused of abusing patients that arrived at their two detox clinics, providing treatment that they didn’t need, and medicine that would keep them coming back – all as part of a scheme that ultimately made $112M.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!