The featured video shows NEWS10’s previous coverage on Operation Tidal Wave.
ALBANY, N.Y. (NEWS10) — Seven Capital Region residents have been charged in connection with an alleged multimillion-dollar money laundering conspiracy, according to the U.S. Department of Justice (DOJ). The arrests mark the latest development in an investigation that led to a massive firearms seizure in August 2025.
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The suspects are accused of conspiring to launder $7.1 million in illegal proceeds through transactions that were designed to conceal the nature and source of the gains. They had also allegedly sought to defraud businesses, individuals and financial institutions across the world.
According to the DOJ, the seven had sent business email compromises (BECs) that appeared to be from a legitimate company with which the affected business had an ongoing financial relationship. Through the BECs, the suspects allegedly told the businesses to wire future payments to illegitimate bank accounts…