Oligarches | FinTelegram News

Category: Oligarches

December 8, 2023

Chasing Oligarchs: Roman Abramovich Allegedly Used Lithuanian Citizenship Of His Children To Escape Sanctions!

Lithuania is on the brink of a legislative overhaul following a startling revelation involving Russian billionaire Roman Abramovich and his children's use of Lithuanian passports. The Baltic nation's interior minister, Agnė Bilotaitė, announced plans to push for legal changes that would enable the revocation of citizenship from naturalized Lithuanians, posing a national security threat. Abramovich allegedly used his children's Lithuanian citizenship to shield assets from international sanctions.

December 7, 2023

US Monitoring: FBI And FinCEN Agents In Cyprus To Enforce Sanctions Against Russian Oligarchs And Their Enablers!

The recent arrival of a team of 24 FBI agents in Cyprus marks a critical step in the global enforcement of sanctions against Russian oligarchs and their enablers. This move underscores the island’s evolution into a significant financial center, attracting substantial Russian money and technology entrepreneurs from Israel. The agents are set to assist Cypriot police in unraveling the complex web of financial transactions and support provided to sanctioned Russians by local professionals.

Oligarches

November 9, 2023

Russian Ammonia Magnate Dmitry Mazepin Loses Legal Challenge Against Sanctions At EU Court.

The General Court of the European Union (ECJ) has ruled to maintain sanctions on Dmitry Mazepin, a prominent Russian business magnate in the ammonia sector, upholding measures imposed in the wake of Russia's intensified military actions in Ukraine. The EU's imposition of sanctions, including asset freezes and travel bans within its territories, directly responded to Mazepin's alleged close ties with Russian President Vladimir Putin.

October 4, 2023

KleptoCapture: US Admitted To Conspiring In Money Laundering With Sanctioned Ukrainian-Russian Oligarch!

John Can Unsalan, a/k/a Hurrem Can Unsalan, 41, from Orlando and head of Metalhouse LLC, admitted to conspiring in money laundering activities that violated U.S. sanctions. He was involved in transactions exceeding $150 million in metal products from businesses owned by the sanctioned oligarch Sergey Kurchenko, who faced sanctions from the Department of the Treasury Office of Foreign Assets Control (OFAC) in 2015 due to misappropriation of Ukrainian state assets.

September 28, 2023

Request 4 Information: Russian Activities And Money In Cyprus!

At FinTelegram News, we are committed to delivering accurate, in-depth, and unbiased financial intelligence to our readers. As part of our upcoming series on "Russian activities and money in Europe," we focus on the significant presence of Russian entrepreneurs and investors in Cyprus. Recognizing the pivotal role Cyprus plays in hosting these individuals and their financial endeavors, we are reaching out to our vast network of insiders, experts, and concerned citizens for information.

September 27, 2023

Sanctioned Russian Oligarch Alisher Usmanov And Strange Financial Transactions In UK Football Scene!

Everton Football Club's owner, Farhad Moshiri, reportedly received over £400m from companies linked to Russian billionaire Alisher Usmanov before Usmanov faced sanctions. According to The Guardian, Moshiri borrowed £145m from a Usmanov-owned company around 2020. Between 2018 and 2022, Moshiri sold shares worth about £270m in a company where Usmanov was the primary shareholder. They might have been gifted to him.

September 26, 2023

Why Western Taxpayers Should Not Fund The Ukraine War But The Seized Russian Assets Should!

A growing chorus of voices suggests that the financial burden of supporting Ukraine in its war against Russia should not fall on the shoulders of Western taxpayers. Instead, they argue, the proceeds from the seized assets of Russian oligarchs and wealthy individuals should be used to finance the war effort. Using already seized funds and liquidation seized yachts and jets could bring in many billions and relieve taxpayers.

September 23, 2023

The SEC Charges New York Firm Concord Management with Acting as Unregistered Investment For Roman Abramovich!

The U.S. SEC has levied charges against New York-based Concord Management LLC and its founder, Michael Matlin, for functioning as unregistered investment advisers. Their sole client was the Russian oligarch Roman Abramovich, the New York Times reported. Authorities froze over $13 billion; some of those assets were believed to be investments Concord had made for Abramovich.

September 11, 2023

Not surprising! Arrested Ukrainian Oligarch Loses Billionaire Status!

Ukrainian tycoon Ihor Kolomoisky's net worth has plummeted from $2 billion to $835 million since the Russian invasion. Before the invasion on Feb. 24, 2022, Kolomoisky's enterprises, including the informal Privat Group bank, were valued at their highest in seven years. However, by early September 2023, after facing two legal charges within a week and subsequent arrest, his wealth decreased by two-and-a-half times.

September 8, 2023

Eric Schmidt And The Legal Problems With The Russian Oligarchs’ Seized Superyachts.

In 2022, global attention was drawn to Russian-owned superyachts following the Ukraine conflict. The illustrious Alfa Nero, considered among the world's most opulent superyachts, is thought to be owned by Russian magnate Andrey Guryev, who faced sanctions from the U.S. The seized vessel's future is now intertwined in a legal conflict involving Guryev's offspring, the Antigua and Barbuda government, former Google head Eric Schmidt, and another bidder.

September 8, 2023

Ukraine Oligarch Ihor Kolomoysky Indicted Over Alleged Fraud Around PrivatBank!

Following his arrest a few days ago, Ukrainian oligarch Ihor Kolomoysky has been officially charged with suspected fraud in the PrivatBank scheme. The prosecutor's office said he is suspected of having embezzled funds from the bank amounting to more than €233 million. The prosecutor's office referred in its letter to the "former head of the Dnipro region" and beneficiary of the bank at the time of the crime in 2015.

Oligarches

September 4, 2023

Interesting 60 Minutes Story: Searching For The Money Of Russian Oligarchs In Cyprus

After the Soviet Union's collapse, Russian oligarchs flocked to Cyprus, not for its picturesque beaches but for its favorable financial environment. Alexandra Attalides, a local expert, suggests that Cyprus provided a sanctuary for oligarchs to safeguard their assets. The island's low tax rates and lax banking regulations made it an attractive destination. An interesting 60 Minutes report explains the background to the Russian invasion of Cyprus.

Gotbit and Russian Executives Charged by U.S. DOJ and SEC for Crypto Market Manipulation!

Gotbit Consulting LLC, along with its Russian executives, has been charged by the U.S. DOJ and SEC for its role in a widespread market manipulation scheme. By using wash trades, Gotbit inflated crypto asset prices and volumes, deceiving investors and raising millions in illicit profits. The company’s fraudulent activities were executed across multiple jurisdictions, with key figures now facing extradition and prosecution.

SEC Charges Market Manipulators in Crackdown on Crypto Asset Fraud

The U.S. SEC has charged three market makers and nine individuals for manipulating the crypto asset market, generating artificial trading volumes and misleading retail investors. The fraudulent schemes created the illusion of active markets, prompting unsuspecting investors to pour money into manipulated crypto assets. The DOJ filed criminal charges against the scheme operators in a parallel transaction.

U.S. DOJ Charges 18 Individuals and Entities in Global Crypto Fraud Crackdown!

The U.S. DOJ has charged 18 individuals and entities in an international operation targeting market manipulation and fraud in the crypto industry. The defendants, including market makers and token promoters, are accused of using wash trading and false trading activity to deceive retail investors and artificially inflate crypto prices. This is the first major criminal case of its kind in the crypto market.

Crypto Exchange Crypto.com Sues US SEC Over Regulatory Overreach!

Crypto.com, the Singapore-based crypto exchange with more than 100 million users, has filed a lawsuit against the SEC, challenging the regulator’s authority over crypto assets and accusing it of overstepping its jurisdiction. The lawsuit comes after a Wells notice was issued to the platform, signaling the SEC’s intent to take enforcement action.

The End of The Google Era: US Government Threatens Google with Break-Up Over Search Monopoly!

In August 2024, Judge Amit Mehta ruled that Google had illegally maintained a monopoly in the online search market. Following this landmark decision, the U.S. Department of Justice (DOJ) is considering asking the court to force Google to sell off parts of its business. This could potentially lead to the first major corporate breakup in four decades. Google, however, warns of significant consequences for businesses and consumers.