Douglas Edelman operated offshore bank accounts and falsely testified before House regarding income of over $350 Million.
The Department of Justice (DOJ) recently unsealed its indictment against Douglas Edelman, a former defense contractor charged with defrauding the federal government and evading taxes on more than $350 million in income.
Between 2003 and 2020, Edelman co-owned Mina Corp. and Red Star Enterprises, a company that sold over $7 billion of jet fuel to U.S. troops in Afghanistan. According to the DOJ, “Edelman allegedly engaged in a lengthy scheme to hide his profits from Mina/Red Star, including by concealing his income in undisclosed foreign bank accounts, creating false documents and making false statements” repeatedly to the U.S. government.
The DOJ alleges that Edelman repeated his false income statements to members of House committees and the DOJ itself, which are jointly in charge of awarding defense contracts to companies. If Edelman is convicted on all 16 counts of fraud and false testimony, he could spend decades in prison and be fined $100,000 for each year he engaged in these activities.
As the Lord Leads, Pray with Us…
- For the Department of Justice as it identifies instances of illicit behavior against the federal government.
- That U.S. courts review this case with clarity and sound judgment.
- For the president’s administration as it evaluated the ramifications for violating American law.
Sources: Reuters
