Russia Tax Scheme Alleged in Bid to Seize N.Y. Properties
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U.S. prosecutors are seeking to seize New York real estate allegedly used by a Russian criminal organization to launder funds derived from a $230 million tax fraud, according to a complaint filed in Manhattan.
The civil action also seeks to impose money-laundering penalties for the full amount of the scheme on companies set up by the organization, whose members allegedly included corrupt Russian government officials, U.S. Attorney Preet Bharara said.