There was a major investigation into Russian money laundering. The trial was set to start Monday morning. A settlement between Faction from Russia and the US was reached Friday night.
The case was set to show how Russian Mobsters stole 230 million and hid some of the proceeds in buying high end luxury apartments and commercial space. Sergei Magnitsky, age 37, exposed the fraud and was jailed by these same people. The Presidential Human Rights Commission of Russia stated that he was tortured and killed in prison. Russian government simply states he died of heart failure. This man was the witness. Hid death ended the investigation.
This case was originally brought by US Attorney Preet Bhara. He was fired by President # 45 in March. A Settlement of $5.9 million was reached. This is more than the estimated $1.9 million in laundered money. Both sides are proclaiming a win. I wonder about Prevezon's Manhattan real estate valued at $17 million. Please read the links below. The twists and turns in this case are headache producing to me.
I watched news feeds and read information from the following links before blogging.
https://en.wikipedia.org/wiki/Russia
https://en.wikipedia.org/wiki/Human_rights_in_Russia
http://www.cnn.com/2017/05/13/world/prevezon-settlement/index.html
http://www.reuters.com/article/us-usa-crime-prevezon-idUSKBN18904I
https://www.rferl.org/a/magnitsky-prevezon-u-s-settlement-6-million/28483793.html
https://www.bloomberg.com/news/articles/2017-05-13/u-s-reaches-5-9-million-deal-in-russian-fraud-laundering-case
https://www.justice.gov/usao-sdny/pr/acting-manhattan-us-attorney-announces-59-million-settlement-civil-money-laundering-and
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