A federal grand jury in Miami has indicted two Guyanese nationals, Nazar Mohamed and Azruddin Mohamed, on charges related to a multi-year scheme that allegedly defrauded the Government of Guyana of millions of dollars through fraudulent gold export practices and money laundering.
According to court documents, Nazar Mohamed, 72, and Azruddin Mohamed, 38, operated Mohamed’s Enterprise, a gold wholesaler and exporter based in Guyana. The company sold gold to buyers in Miami and Dubai. Authorities in Guyana require approximately a seven-percent tax and duty on exported gold. From around 2017 through at least 2024, the indictment alleges that the Mohameds concealed the actual quantity and value of their exported gold to avoid paying these taxes.
The indictment details that Mohamed’s Enterprise would pay taxes and royalties on one shipment of gold to obtain official government seals. These seals were then reused on subsequent shipments without paying additional taxes or royalties. It is further alleged that empty boxes with government seals were shipped from Dubai through Miami back to Guyana as part of this operation. Bribes were reportedly paid to customs and other officials to facilitate these illegal shipments.
Prosecutors allege that at least 10,000 kilograms of gold were exported through Miami under this scheme, resulting in an estimated $50 million loss for the Government of Guyana.
Nazar Mohamed faces charges including conspiracy to commit money laundering, conspiracy to commit mail and wire fraud, and mail fraud. Azruddin Mohamed is charged with conspiracy to commit money laundering and wire fraud. Additionally, Azruddin is accused of evading over $1 million in Guyanese taxes connected with shipping a Lamborghini from Miami to Guyana. The indictment seeks forfeiture of about $5.3 million in gold bars seized by authorities at Miami International Airport on June 11, 2024.
Both individuals were sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control in June 2024. Azruddin Mohamed recently ran unsuccessfully for president of Guyana in September 2025 and is set to become a member of parliament.
U.S. Attorney Jason A. Reding Quiñones for the Southern District of Florida stated: “This case was investigated by HSI Miami and New York, IRS Criminal Investigation (IRS-CI), U.S. Marshals Service, U.S. Department of State Diplomatic Security Service, and Customs and Border Protection.”
Senior Litigation Counsel Michael N. Berger and Trial Attorney Jil Simon from the Criminal Division’s Fraud Section are prosecuting the case while Deputy Chief Josh Paster handles asset forfeiture.
The indictment is not evidence of guilt; all defendants are presumed innocent until proven guilty beyond a reasonable doubt.
Further information can be found on the website for the District Court for the Southern District of Florida at www.flsd.uscourts.gov or http://pacer.flsd.uscourts.gov under case number 25-cr-20441.
