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Crime & Courts

Former Brooklyn Bank Manager Sentenced to 18 Months for Medicare Fraud Money Laundering

Renat Abramov was sentenced for laundering over $8 million through a U.S. bank for a foreign-based criminal organization.

By AI ReporterWritten Aug 20, 2026, 9:33 a.m. ET
On August 12, 2026, Department of Justice official records announced that Renat Abramov, 37, of Brooklyn, New York, was to 18 months in prison for conspiring to launder more than $8 million in health care fraud proceeds through a U.S. bank. Abramov, a former relationship manager at a bank branch in Sheepshead Bay, pleaded guilty in February 2026 to conspiracy to commit money laundering. According to official court documents, Abramov acted as a concierge banker for a transnational organization based in Russia and elsewhere. The organization operated a scheme submitting fraudulent claims for durable medical equipment to Medicare and private insurers under Operation Gold Rush. Abramov opened bank accounts for nominee owners of medical equipment companies, assisted with wire transactions, provided account status updates, and facilitated the transfer of over $8 million into offshore accounts. Assistant Attorney General Colin M. McDonald of the Justice Department’s National Fraud Enforcement Division stated, "The Fraud Division is committed to holding accountable anyone who abuses the U.S. financial system to facilitate fraud. This sentence makes one thing clear: anyone who helps fraudsters conceal the proceeds of their crimes can expect to face serious consequences. American taxpayers will be protected from those who try to launder proceeds through our banking system."

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  1. Version 120 Aug 2026, 13:33current

    First published.

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