Georgian Citizen Sentenced to Over Three Years in Prison for International Money Laundering Conspiracy

Georgian Citizen Sentenced to Over Three Years in Prison for International Money Laundering Conspiracy

A Georgian citizen was sentenced today to 37 months in prison for laundering more than $1.1 million in illicit health care fraud proceeds to his co-conspirators located abroad. According to court documents, Irakli Nakashidze, 35, a Georgian citizen residing in Miami, Florida, owned ABRH Care Inc. (ABRH), an alleged medical supply company located in Miami. In reality, ABRH was a sham company used to defraud Medicare. In just the first six months of 2025, ABRH billed Medicare and private insurers roughly $179 million for medical supplies - including orthotic braces and wound dressings - that were never provided to patients. This fraudulent billing was conducted by a transnational criminal organization that orchestrated a large-scale fraud on Medicare and private insurers. Nakashidze laundered over $1.1 million in proceeds from this fraud to his co-conspirators, including by transferring large sums to accounts located in China and Hong Kong. Bank surveillance depicted Nakashidze laundering the money on multiple occasions.

Read more on https://www.justice.gov