A civil forfeiture complaint filed against the assets of a Cyprus-based real estate corporation and other holding companies contends that some of the proceeds from a $230 million tax fraud in Russia were laundered through the purchase of four luxury condominiums in a Wall Street doorman building, where apartments can sell for more than $3 million, and two commercial spaces in prime locations in Midtown and Chelsea. [ ... ] The whistle-blower, Sergei Magnitsky, was a lawyer for the British investor William Browder, who was born in the United States. Mr. Magnitsky said in 2008 that organized criminals colluded with corrupt Russian Interior Ministry officials to fraudulently claim a $230 million tax rebate after illegally seizing subsidiaries of Mr. Browder’s Hermitage Capital investment company. nytimes/2013/09/11/nyregion/us-seeks-forfeiture-of-manhattan-real-estate-tied-to-fraud.html
Posted on: Thu, 12 Sep 2013 11:48:36 +0000
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