Two Glendale Armenians were convicted of laundering more than $1 million through the system of Medicare.
After a three-week trial, the federal court found Karen Sarkissian guilty of 12 counts, Los Angeles Times reports.
Another Armenian, Edgar Pogosian, also known as Edgar Hakobyan, was also convicted of several money laundering-related crimes. Both of the men will be sentenced in June.
According to the U.S. attorney's office, Karen Sarkissian was involved in money laundering through five bogus corporations established by two persons. The latter have also been convicted.
Millions of dollars were deposited into the bank accounts of the bogus companies, and later checks were written from the companies to their and their relatives’ names.
Pogosian’s uncle, Khachatour Hakobyan, who reportedly led the scheme, was sentenced to 57 months in prison last month. He pleaded guilty to conspiring to money laundering. Pursuant to the ruling of the court, he has to pay over $600,000 in restitution.
Still another Armenian involved in the scheme, Aram Aramyan, was sentenced to 51 months in prison, being ordered to pay more than $350,000 in restitution.

















