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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (1024396)	7/12/2017 2:35:44 PM
From: Brumar89	Respond to of 1585023

First I've heard of money laundering charges being settled shortly after the firing of Bharara. For all I know that's the first payoff from helping Trump get in office. Trump has been looking for deliverables for Putin. The case was settled ... hard for me to assess whether the settlement amount was reasonable or a bargain. Feds settle money-laundering suit against Russian businessman By Post Staff Report May 13, 2017 \| 3:03am \| Updated Modal Trigger Acting US Attorney Joon KimR. Umar Abbasi Federal prosecutors settled a money-laundering suit against a Cyprus-based company owned by a Russian businessman for nearly $6 million. The case, originally filed by former Manhattan US Attorney Preet Bharara — who was fired by President Trump — had been scheduled to begin Monday. Bharara’s successor, Acting US Attorney Joon Kim, issued a statement claiming victory. “We will not allow the US financial system to be used to launder the proceeds of crimes committed anywhere – here in the US, in Russia, or anywhere else,” the statement read. But Faith Gay, the lawyer for the company, Prevezon, claimed her side won, telling Bloomberg News the $5.9 million settlement is “almost an apology by the [US] government.’’ Prevezon, owned by Moscow businessman Denis Katsyv, did not admit any guilt, Bloomberg noted. The US had attempted to seize, among other assets, a Manhattan condo owned by the Russians. US lawyers said the condo was linked to a scheme to launder hundreds of millions looted by politically-connected Russians in an elaborate tax fraud. The nearly $6 million settlement “represents three times the money that flowed to Prevezon from the Russian treasury fraud and more than ten times the portion they invested in U.S. real estate,” said James Margolin, a spokesman for the US Attorney’s Office. Margolin noted that the settlement is “multiples of the laundered money they brought into New York.” http://nypost.com/2017/05/13/feds-settle-money-laundering-suit-against-russian-businessman/