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Russian Oligarch

All articles tagged with #russian oligarch

politics1 year ago

"US Spends $20 Million on Seized Russian Oligarch's Superyacht Maintenance"

The US government has spent around $20 million to maintain a luxury superyacht seized from Russian oligarch Suleiman Kerimov, who allegedly violated US sanctions. The monthly costs to maintain the yacht total roughly $922,000, prompting federal prosecutors to seek permission to sell the vessel, which has been docked in San Diego. The yacht's recent appraisal values it at $230 million, and while potential buyers have come forward, a legal battle over its ownership and potential sale continues.

via CNN|
#legal-battle#politics#russian-oligarch
politics-and-international-relations1 year ago

"US Taxpayers Footing the Bill for Russian Oligarch's Seized Yacht"

The U.S. government is seeking permission to sell a $230 million yacht seized from Russian billionaire Suleiman Kerimov, citing nearly $1 million monthly maintenance costs. The legal battle over the yacht highlights the challenges of seizing and selling assets owned by Russian oligarchs, with similar disputes involving other billionaires' assets. The government alleges that Kerimov disguised his ownership of the yacht through shell companies, while attorneys for another ex-Rosneft CEO claim ownership and object to the rushed sale. The proceeds from any potential sale would be held while the ownership and forfeiture battle continues in court.

via CNBC|
#legal-battle#maintenance-costs#politics-and-international-relations
arts1 year ago

"Sotheby's Art Fraud Trial Exposes Dark Side of the Art Market"

The Sotheby's art fraud trial concluded with the jury unanimously finding that Sotheby's had not played a role in any fraud, clearing the auction house of accusations made by Russian oligarch Dmitry Rybolovlev. The trial shed light on the inner workings of the art market and featured testimony from Rybolovlev, who accused a Swiss art dealer of cheating him. The dealer, Yves Bouvier, was not a defendant in the case and expressed feeling vindicated after the verdict. Rybolovlev's interest in art was described as having begun almost accidentally, stemming from a need to fill empty walls.

via The New York Times|
#art-fraud-trial#art-market#arts
legal-art1 year ago

"Sotheby's Victorious: Russian Billionaire's Art Fraud Lawsuit Dismissed"

Sotheby's wins a federal jury trial against Russian billionaire Dmitry Rybolovlev, who accused the auction house of defrauding him in art sales, including the purchase of "Salvator Mundi" attributed to Leonardo da Vinci. The jury ruled in favor of Sotheby's, stating it had no knowledge of any deception by Swiss art dealer Yves Bouvier, and rejected Rybolovlev's claims of inflated prices. The case sheds light on transparency issues in the art market and has been one of the highest-profile art fraud disputes in recent years.

via New York Post |
#art-fraud#auction#legal-art
arts1 year ago

"Sotheby's Cleared of Art Fraud Allegations by Russian Billionaire"

A federal jury in New York ruled in favor of Sotheby's, rejecting Russian oligarch Dmitry Rybolovlev's claim that the auction house had assisted a Swiss dealer in defrauding him of tens of millions of dollars in high-end art sales. The jury found that Sotheby's was unaware of any scheme and focused on selling art at the highest possible price to the buyer, whom they believed to be the dealer. Sotheby's stated that the verdict reaffirmed its commitment to integrity and professionalism, while the trial provided insight into the inner workings of the art trade.

via The New York Times|
#art-fraud#art-market#arts
arts2 years ago

'Patriots' by Peter Morgan: A Broadway Look at Putin's Politics

"Patriots," a play by Peter Morgan, is set to transfer to Broadway in April, featuring Michael Stuhlbarg as Russian oligarch Boris A. Berezovsky, who helped Putin rise to power but later fell out with him. The drama, well-received in London, will add international intrigue to Broadway's spring season and is directed by Rupert Goold, with Sonia Friedman as lead producer. The play's Broadway debut comes amid a challenging season for producers and investors due to higher production costs and lower ticket sales post-pandemic.

via The New York Times|
#arts#broadway#michael-stuhlbarg
celebrity-gossip2 years ago

Russian Oligarch's Warning to Tom Cruise: Keep Your Wallet Open

Russian oligarch Dmitry Tsetkov, the ex-husband of the socialite reportedly romancing Tom Cruise, has warned the actor to keep his wallet "wide open" due to his ex-wife's expensive and luxurious tastes. Tsetkov, who made his fortune in diamonds and mining, revealed that his three-year divorce cost him nearly $200 million and forced him to sell off assets to pay her. Cruise and the socialite were spotted canoodling at a party in London, with witnesses describing them as inseparable.

via Page Six|
#celebrity-gossip#romance#russian-oligarch
crime2 years ago

Former FBI spy hunter sentenced to prison for aiding Russian oligarch

Former FBI special agent Charles McGonigal has been sentenced to over four years in prison for providing information to a Russian oligarch, in violation of US sanctions. McGonigal, one of the highest-ranking FBI officials to be convicted of a crime, supplied information to Oleg Deripaska to help him sink a business rival. He received a payment of $17,500, which was laundered through various accounts. McGonigal's actions were deemed to have jeopardized national security, and he faces a second sentencing for hiding payments from a former Albanian intelligence officer.

via The Guardian US|
#crime#fbi#money-laundering
crime2 years ago

Former FBI Spy Hunter Sentenced to 4 Years for Aiding Russian Oligarch

Former top F.B.I. agent, Charles F. McGonigal, has been sentenced to over four years in prison for conspiring to launder money and violate U.S. sanctions targeting a Russian oligarch with ties to President Vladimir V. Putin. McGonigal, who served as chief of counterintelligence for the F.B.I. in New York, pleaded guilty to working on behalf of the Russian aluminum magnate, Oleg V. Deripaska, in violation of sanctions. He is one of the highest-ranking F.B.I. officials ever to be convicted of a crime. The judge emphasized the seriousness of his crimes, which endangered national security, and fined him $40,000. McGonigal also faces sentencing in a separate case in Washington, D.C.

via The New York Times|
#crime#fbi#money-laundering
crime2 years ago

Former FBI Counterintelligence Chief Sentenced to Over Four Years for Aiding Russian Oligarch

Charles McGonigal, former head of counterintelligence for the FBI's New York field office, has been sentenced to just over four years in prison for working for Russian oligarch Oleg Deripaska after leaving the government. McGonigal pleaded guilty to conspiracy to violate US sanctions and money laundering. The judge acknowledged his distinguished career but emphasized the seriousness of his actions, which undermined US national security interests. McGonigal expressed remorse and asked for a second chance. Prosecutors argued for a five-year sentence, highlighting the risk to national security, while the defense requested no prison time. McGonigal also pleaded guilty in a separate case and is scheduled to be sentenced in February.

via CNN|
#counterintelligence#crime#fbi
crime2 years ago

Former FBI Official Charles McGonigal Sentenced to Over 4 Years in Prison for Russian Oligarch Involvement

Former top FBI agent Charles McGonigal has been sentenced to over four years in prison for conspiring to launder money and aiding a Russian oligarch in an attempt to remove him from a US sanction list. McGonigal, who pleaded guilty in August, is one of the highest-ranking FBI agents to be charged with a crime. He is also accused of hiding payments from an Albanian agent while working for the FBI. Despite expressing remorse, the judge called his crimes "extraordinarily serious." McGonigal has been ordered to surrender to authorities in February 2024.

via BBC.com|
#counterintelligence#crime#fbi
crime2 years ago

Ex-FBI Counterintelligence Chief Faces Sentencing for Work with Russian Oligarch

Former FBI counterintelligence chief, Charles McGonigal, is set to be sentenced after pleading guilty to a conspiracy charge. Prosecutors are seeking a five-year prison term, accusing him of secretly working for a sanctioned Russian oligarch, Oleg Deripaska, and providing impermissible services. McGonigal's defense argues for no prison time, highlighting his "extraordinary service" during his 22-year career. McGonigal also faces sentencing in a separate case for concealing a payment from an Albanian intelligence official. Defense attorneys concede his wrongdoing but argue that the work he agreed to do was consistent with U.S. foreign policy.

via ABC News|
#charles-mcgonigal#conspiracy#crime
crime2 years ago

$300 Million Superyacht Amadea Faces Civil Forfeiture Complaint for Sanctions Evasion

The United States Attorney for the Southern District of New York has filed a civil forfeiture complaint against the luxury superyacht Amadea, valued at over $300 million, alleging that it was improved and maintained in violation of sanctions against its beneficial owner, Russian oligarch Suleiman Kerimov. The complaint claims that the yacht is subject to forfeiture based on violations of U.S. law, including the International Emergency Economic Powers Act and money laundering. The U.S. government currently has control of the Amadea in San Diego, California, following its seizure by Fijian authorities.

via Department of Justice|
#civil-forfeiture#crime#money-laundering
crime2 years ago

"Justice Department Targets Russian Oligarch's $300 Million Superyacht for Forfeiture"

The U.S. Justice Department has filed a civil forfeiture complaint against the luxury superyacht Amadea, valued at over $300 million, which is beneficially owned by Russian oligarch Suleiman Kerimov. The complaint alleges that the yacht was improved and maintained in violation of sanctions against Kerimov and money laundering laws. The U.S. government is seeking to prove that the yacht is forfeitable based on violations of U.S. law. The Amadea is currently under the control of the U.S. government in San Diego, following its seizure in 2022. The investigation is being conducted by the FBI's Eurasian Organized Crime Task Force, and the case is being litigated by the Justice Department's Criminal Division and National Security Division.

via Department of Justice|
#civil-forfeiture#crime#justice-department