Justice Department's indictment of Semion Mogilevich
Justice Department's indictment of Semion Mogilevich
Justice Department's indictment of Semion Mogilevich
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ORIGON's bank account in Israel were reported as cash assets on the books and records <strong>of</strong><br />
ARIGON, and later UNITED TRADE. ORIGON served as an agent <strong>of</strong> UNITED TRADE from<br />
approximately April 1996 until early 1997. Thereafter, ORIGON acted as a purported customer<br />
<strong>of</strong> UNITED TRADE.<br />
19. BRITISH EUROPEAN MARKETING LTD. (“BEM”) was a private<br />
limited company incorporated in Cardiff, Wales, United Kingdom on or about January 19, 1996.<br />
BEM was formed by a former <strong>of</strong>ficer <strong>of</strong> ARIGON and a close associate <strong>of</strong> defendant<br />
MOGILEVICH to act as an agent <strong>of</strong> UNITED TRADE in the oil and petroleum industry. Its<br />
operations were conducted primarily in London, England. From approximately March <strong>of</strong> 1996<br />
through May <strong>of</strong> 1997, funds in BEM’s bank account in London were reported as cash assets on<br />
the books and records <strong>of</strong> UNITED TRADE. BEM served as an agent <strong>of</strong> UNITED TRADE from<br />
approximately April 1996 until May 1997.<br />
The Securities Regulators<br />
20. The United States Securities and Exchange Commission (“SEC”) was an<br />
independent agency <strong>of</strong> the United States government that regulated the securities industry within<br />
the United States. This included the regulation <strong>of</strong> the over-the-counter (“OTC”) securities<br />
market, that is, securities traded directly between securities brokerage firms and between<br />
brokerage firms and individuals.<br />
21. The National Association <strong>of</strong> Securities Dealers, Inc. (“NASD”) was a self-<br />
regulatory organization <strong>of</strong> the United States securities industry responsible for the regulation <strong>of</strong><br />
the OTC securities market, including the NASDAQ ("National Association <strong>of</strong> Securities Dealers<br />
Automated Quotation System") Stock Market. The NASD enforced its rules and regulations for<br />
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