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"Most Powerful Man In The World"'s Inner Circle Probed By US Regulators For Money Laundering
Being 2 for 2 in losses this week (The US Election and Time's "world's most powerful person), it appears President Obama has fallen back on his regulatory army to take the fight to Vladimir Putin. As WSJ reports, U.S. prosecutors have launched a money-laundering investigation of billionaire Gennady Timchenko - a member of Putin's inner circle. The allegations are that Timchenko (who was among the first Russian businessmen to be sanctioned by the U.S. following Russia’s intervention in Ukraine’s Crimea region) transferred funds linked to allegedly corrupt deals in Russia through the U.S. financial system. The probe is also examining whether any of Mr. Putin’s personal wealth is connected to allegedly illicit funds.
The U.S. Attorney’s Office for the Eastern District of New York, aided by the Justice Department, is investigating whether Gennady Timchenko transferred funds linked to allegedly corrupt deals in Russia through the U.S. financial system, the people said.
The prosecutors are probing transactions in which the Geneva-based commodities firm Mr. Timchenko co-founded, Gunvor Group, purchased oil from Russia’s OAO Rosneft and later sold it to third parties, one of the people familiar with the matter said. Investigators have in recent months requested information about the prices Gunvor charged, the person said.
...
The probe is also examining whether any of Mr. Putin’s personal wealth is connected to allegedly illicit funds, one person said. U.S. officials have previously said that Mr. Putin has investments in Gunvor.
Mr. Putin’s spokesman, Dmitry Peskov, said: “We’re not aware of any investigation, and we’re not following such things.” He dismissed allegations of any financial or business ties between Messrs. Putin and Timchenko, including any investment in Gunvor, as “nonsense.”
...
Forbes puts Mr. Timchenko’s personal wealth at more than $13 billion. Through another entity, the Luxembourg-based Volga Group, he controls shipping, railway and port interests as well as two luxury hotels in France.
The investigation into Mr. Timchenko comes amid stepped-up efforts by the Justice Department to track and seize assets that are suspected to be the proceeds of corruption. The U.S. moved quickly to dispatch agents and prosecutors to Ukraine to help trace stolen assets after the fall of President Viktor Yanukovych, an ally of Mr. Putin, in February. In April, Attorney General Eric Holder announced the creation of a team of FBI agents dedicated to investigating kleptocracy.
The filing of criminal money-laundering charges would allow the U.S. to obtain an Interpol Red Notice on Mr. Timchenko, which would make him subject to arrest and potential extradition from many countries. Mr. Timchenko told Russian news agency Itar-Tass in August that he’s afraid to travel to much of Europe.
“Alas, there are reasons to be seriously afraid of provocations from the U.S. special services,” he said in the interview. “Believe me, this isn’t speculation, but concrete information, whose details I cannot share with you yet for obvious reasons. But we are working on this issue.”
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free corzine
"Most powerful man in the world"?
I don't think that means what you think it means.
They got the J Mafia running rampant all over Wall St with tentacles throughout Europe etc, and they focus on the Russian dudes. Whats the bible saying about the eye, you know what I mean. Let Russia prosecute him and other J Mafia clowns in Moscow. We need to take care of the clowns here. How many dictators we have supported that have passed illegal money through our financial system and we never batted and eyelid. Jeez this country is soooo fucked up.
The Russians should file war crime charges against Nuland, and also charges for financial crimes against all the Wall St outfits that helped the dual citizen oligarchs drain money out of Russia.
LOL!
Anyone want to investigate the oil sales by ISIS? Like who's buying? When do they get "sanctioned"?
LOL!
Damn cosmos keep reading my mind...they target this guy while the wealthy jbags keep getting away with looting the world....this needs to stop.
But but but only bitcoin is used for corruption!
/s
They way things are going here in the USofA, I'm starting to think that my having a bank account may turn out to be bad for my freedom...
Mother Russia, swaying pendulous breasts ripe for a wee suckling, holds out her leathered hand for pity. (meanwhile behind her in the near distance Pootin, searing black dots for eyes, rrrrrips off his shirrrrrt in the manner reminicent of Hogan)
Take your asinine imagery to a worthier adversary.
For instance, Soros has pendilous breasts and a leather face, and a burnt black pea where his heart should be.
You're way past that point.
Divided States,
As you and Cosmos know, "they" ARE the jewish.
And who is probing US regulators who have been completely derelict in their duties? $100's billion in fines and noone goes to jail. Do your job assho's.
If they did their own job they wouldn't have time to waste on Putin.
How about the $300+ billion in illicit drug profits that mysteriously enter the western banking system each year? Our great white fathers don't know where this money comes from?
Propaganda. It's what's for dinner.
You make a very good point. It dawned on me why the CIA wants to control drug operations. Its not only the petrodollar its also the DRUGDOLLAR that maintains the reserve status.
Yeah good luck with that idea Obonga!!
Putin's more likely to shove a rusty old SS-17 Spanker up your ass and light the fuse!
..... dollars to donuts the fudge packer in chief would like that...
And I thought the most powerful man is the world was Mr. Neutron.
DOH!
i thought it was this guy
http://www.pinterest.com/MarySedivy/dos-equis-man-quotes/
I thought the most powerful man in the world was Janet Yellen.
"There ain't nuthin uglier than an old white woman." Fred Sanford, Sanford and Son
pure theater at this point
US administration and DOJ are a clown show
unless he is stupid and steps foot on US soil, he is a free and rich man and there's nothing the US puppet regime can do about it
...enuff of the yammerin you rooskies.... back up your yammerin with some action... all your blustering is starting to soulnd like the liar in chief fudge packer...
Wait, what? not a Rothschild...? let these fuckers eat each other already. It will make the guillotine list that much more manageable.
Never one of the Red Shields
Oh for the love of god (secular), give it a rest. Pulling a serious task force intent to pull back the long veil on Russia down to ZOG scares away real chatter. If you got a clear link to how They are directly related to laundering Urals money, or rigging the auctions in the post-Yeltsin era in Ukraine & Russia, feel free to post it. In the meantime, if that is beyond your research skills or relationships then fucking shut the fuck up?
Anyone want to play over/under on how long until half the 30mm+ luxury market in NYC & Seattle collapses ?
On another note, if Putin is found to have been evading taxes, taking a cut from construction projects from 1998-2004 in Moscow, was complicit in the sale of Yukos and perhaps had a slush fund account for skimming Urals: will TD change their tune on Putin's intents with China and Ukraine ? Will we ever get an indepth report by TD1 on the Sochi scandal & coverup ? How about the SU-30 scandal ? Stealing the Russian military pension fund to bail out one of his closest Oligarch friend in November 2008 ? How about the murky use of Gursey conduits to sponsor anti-Fracking lobbies in Europe & the US ?
Not holding my breath on a change in editorial content but if we're going to talk scandals/tin-foil then lets dish on some reall insights and fact-checked problems in the Kremlin vs. the old "Red Shield" table talk.
Allow me to simplify it for you asshat, this is simply another "article" on the "cost of doing business".
So silly.
Pathetic is the word that comes to my mind.
DavidC
The trials of being an Oligarch.
I bet he was stopped while driving his car and the cop confiscated a few billion....
Thank God they're finally coming up with an acceptable casus belli!
US Treasury Quid Pro Arrangments with Criminal Cabals:
http://winteractionables.com/?p=15986
I'd be more excited if they went after OUR money laundering and market rigging but DC floats on a sea of bribery so business as usual.
"transferred funds linked to allegedly corrupt deals in Russia through the U.S. financial system."
The Horror
uhh, would that even warrant a jaywalking violation in wall street terms?
Isn't that in Jaimie Diamonds resume? I thought that is why he became the CEO of JPM?
"transferred funds linked to allegedly corrupt deals in Russia through the J-Mafia financial system."
If they start going after money launderers half the Cali RE market would collapse.
Don't worry, a few million $ fine and a slap on the wrist..
President Oblivious initiates deep probe into tight inner circle in effort to detect lubricants.
.... it ain't called fudge packer in chief for nuttin....
by contrast ... SIGTARP on Bank of America ... pocket change fine result:
In determining these penalty amounts, the Court highlighted the egregious
nature of the fraud, stating that “[the bank’s loan] process was from start to finish
the vehicle for a “brazen” fraud by the defendants, driven by a hunger for profits
and oblivious to the harms thereby visited, not just on the immediate victims but
also on the financial system as a whole.” The Court further explained that its
“careful review of the evidence ha[d] convinced the Court, as it did the jury, that
the evidence of the defendants’ fraudulent scheme and fraudulent intent was
ample”
SWIFT...ga bye
The rest of the world must be so tired of this cheesey game.
task US Regulators = "break out the gimp"
For a nation that is so morally and financially bankrupt, it is still quite amazing how the USA attempts to strut the world stage with a sickening self righteousness.
It is a pity that Holder does not exhibit the same determination in pursuing US bankers who have lied and stolen consistently, brazenly and without rest.
"Putin, I am going to bring you down with me. Give me back my fried chicken".
an interpol Red Notice - interesting that Puitn met with an interpol rep recently - can't find the link, maybe saw it on RT.
Does this mean the US dept of justice? will be seizing assets from the NUMEROUS foreign and domestic financial institutions it has caught RED HANDED laundering money for our enemies and drug lords? Yeah.......I didn't think so. Apparently, Putin's best path would be to buy off congress via K Street. You know, like the banksters have already done.
Someone forgot the pain hit by a boomerang
I don't think this has as much to do with Putin as it does to US citizens complaining that their money is being seized under suspicion of money laundering if they are riding around with or depositing $6k or $7k in cash. Meanwhile Chinese investors are paying 100s of k in cash to buy real estate, no questions asked. Fuck you Holder.
I think they also need to investigate the hundreds of millions of taxpayer money given to so-called moderate terrorists to overthrow the government of Assad in Syria.
Funny how much of our taxpayer money and weapons bought by US taxpayers has ended up in the hands of ISIS. Methinks our government officials should be required to take the AML Training they require of many of us whom read these posts!!!
Who is Loretta Lynch????
Obola replacement for the top Shield
http://www.foxnews.com/us/2014/11/06/low-profile-nyc-prosecutor-emerges-...
I guess that about covers it; all the black people in government have gotten promotions....
Any more and that would be Raycist
Speaking of corruption and stories that have never made it between the pages of either the WSJ or Time magazine...
You know something big is coming your way when the Zionist State comes clean on a 47 year old story that won't die, or when one of it's courtesan's steps forward and implicates himself to the media that he is behind a coup that has killed as many as 30,000 and counting in a country that borders another nuclear superpower!
Forgot to mention Larry Silverstein stepping forward with a belated Mea Culpa and the circle will be complete. But who needs it when you have all the incriminating evidence against him on what he's already said openly?!!!
Samson alive and well and ready to make his last withdrawal!
"Pot kettle black" comes to mind.
Yep, now that we got to the bottom of Solyndra, we can go after some guy in Russia.
I am guessing that any financial crime would be impossible to pull off without the assistance of TBTF-TBTP (Too big to prosecute) WS banksters. If they bring one down, don't they have to bring all down?
"U.S. prosecutors have launched a money-laundering investigation of billionaire Gennady Timchenko - a member of Putin's inner circle."
What
a
mutha
fukken
joke.
Such a target rich environment over here in Fraud Street / DC.
NY FED? Hellloooooooooooo?
And yea, lets go after some two bit Russian bad guy.
Pull my finger assholes.
Funny how no such "probes" were done by the US back in the 90s when dual citizens were plundering Russia on a MASSIVE scale... oh, right, that was fine as long as it's in line with geo-political and business imperatives... this is truly beyond pathetic.
Illicit funds: funds we would like to steal.
But we will call it seize, because we wear the magic cloak of government.
Russia should default on those (sanctioning) Western banksters' loans, tell them to stuff it!
"...comes amid stepped-up efforts by the Justice Department to track and seize assets that are suspected to be the proceeds of corruption"
Wow! I bet the Justice Department will next go after those TBTF banks that have a money laundering relationships with the drug cartels
Yes this investigation is political theater and so silly you could laugh if it was serious.
But citizens of the US will clap for this, even though it shows what a kangaroo, phoney judicial system now exists in the US. And they will forget they live under that system.
These types of games will help isolate the elite of Russia from international business. And the US (under direction of Israel) has lost it's fear of Russia and now barely hides the econimic attacks and insults.
Russia is burning through $40 billion of its currency reserves every month on account of slumping oil prices and a falling ruble (even after failed central bank interventions attempting to prop it up).
That’s half a trillion a year, and Russia only has half a trillion or so. With any luck, Russia will be forced to sell some or all of its gold, and that will mean gold will go on sale for ordinary Americans - just in time for Christmas!
After that, Russia is free to finance its spending by selling bonds at 9-10% yields, or whatever the market will bear. If Russia has minimal currency reserves, count on the market demanding much higher risk premiums.
Those who anger the Bear will pay a heavy price indeed! In 'retaliation', look for Vlad to publish some new Youtube videos showing him dropping his entire Judo club to the mat in a fit of rage and display of machisimo. Or maybe he'll conduct another round of Moscow apartment bombings and blame it on those 'restive Chechens' again.
http://www.cnbc.com/id/102160307
They are going to war, just struggling to paint Putin as evil enough to convince the Public in the US of how necessary it is to do so, the US will want to fight the war exclusively in Europe so that when Russia eventually needs to fall back on battlefield tactical nukes the damage is restricted to Europe leaving the US as the only undamaged powerhouse with total control.
At this point a negotiated truce can be implemented.
Just more and more signs of US suicidal behavior. I feel really sorry for U.S. prosecutors and US government in general.
They should know by now that Russians never answer direct but their answer will be extremely painful.