Multi-Million Dollar Money Laundering Scheme Busted On Long Island: DA

A sophisticated multi-million-dollar money laundering scheme that used fraudulently obtained gift cards to purchase goods for resale has been dismantled, Nassau County authorities announced on Thursday, March 6.

A hand holding gift cards and credit cards.
Photo Credit: *Unsplah/Avery Evans*

Jillian Pikora

03/06/2025 10:15 a.m.

Nassau County District Attorney Anne T. Donnelly and Police Commissioner Patrick Ryder revealed that multiple individuals were arrested in connection with the scheme, which targeted victims nationwide through a computer scam.

The suspects allegedly tricked victims into purchasing gift cards under false pretenses, then used them to buy merchandise at various home improvement retail stores in New York City and Nassau County. The goods were later resold at local businesses, authorities said.

Officials are expected to display the seized merchandise as part of the ongoing investigation.

Details about the arrests will be announced at a press conference at the Nassau County District Attorney’s Office in Mineola at 11 a.m. Thursday. Check back for updates.

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