A federal grand jury in Miami has indicted two Guyanese nationals, Nazar Mohamed and Azruddin Mohamed, on charges related to a multi-year scheme involving tax evasion and money laundering through fraudulent gold export practices. The indictment, returned on October 2, alleges that the Mohameds, owners of Mohamed’s Enterprise—a gold wholesaler and exporter based in Guyana—evaded millions in taxes and royalties owed to the Government of Guyana.
Court documents state that from 2017 through at least 2024, the defendants concealed the true quantity and value of gold exported by their company. They allegedly paid taxes and royalties on one shipment to obtain official government seals, then reused those seals on additional shipments to avoid further payments. According to the indictment, they also shipped empty boxes with Guyanese government seals from Dubai through Miami back to Guyana and bribed customs officials to facilitate these illegal shipments.
Authorities estimate that at least 10,000 kilograms of gold were exported through Miami under this scheme, resulting in an approximate $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 a separate attempt to evade over $1 million in taxes related to shipping a Lamborghini from Miami to Guyana. The indictment seeks forfeiture of about $5.3 million in gold bars seized 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: “An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.”
The investigation involved Homeland Security Investigations (HSI) offices in 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, with Deputy Chief Josh Paster handling asset forfeiture proceedings.
Further details can be found at www.flsd.uscourts.gov or http://pacer.flsd.uscourts.gov under case number 25-cr-20441.
