Laundering Suit Ends as Russian Firm, U.S. Claim Victory (May 2017)
The U.S. agreed to take $5.9 million to settle a money-laundering lawsuit tied to a $230 million Russian tax fraud, avoiding a trial that was set to begin Monday.
Both the U.S. and a Cyprus-based company controlled by a Russian businessman claimed victory in avoiding a trial that promised to shed light on an intricate web of shell companies and middlemen that were allegedly used to spirit dirty money out of Russia in violation of international financial regulations.
“Prevezon Targeted
The U.S. claimed the Manhattan condo was bought with a chunk of $230 million from fraudulent Russian tax refunds, linked to the Hermitage affair through Prevezon. The government was targeting Prevezon, owned by Moscow businessman Denis Katsyv, and 11 of its related companies in the forfeiture case. Katsyv, son of an ex-Moscow transportation minister, is involved in the firms along with Russian colleague Timofey Krit and Israeli businessman Alexander Litvak, according to court filings. Prevezon didn’t admit wrongdoing in the settlement.
“This settlement is nothing short of a victory for Prevezon,” Faith Gay, a lawyer for the company, said in a phone interview. “It’s almost an apology by the government.”
Was this the deep state pay off for the Russian help against Trump.
Define ‘Russian’?
https://www.google.ru/amp/s/amp.rbc.ru/rbcnews/society/12/10/2017/59df12759a79478c18ae46e1
There is a RusBusinessConsulting article explaining proverbial ‘Russian lawyer who met with Trump’ s son’. You can read with translator.