Justice Department's indictment of Semion Mogilevich

UNITED TRADE had a diverse customer and vendor base and
conducted significant activity, including brokering of magnets,
which was untrue;
(4) destroying wire transfers and other documents that would
otherwise track the flow of money through YBM bank accounts;
(5) funneling proceeds generated from the sale of YBM stock to
closely related parties and entities to create the false appearance of
commercial transactions on YBM's books and records;
(6) routinely using cash withdrawals from bank accounts set up in
foreign banks to make millions of dollars in disbursements to the
defendants and other closely-related parties for purported business
expenses that could not be traced or verified through the books and
records; and
(7) routinely and systematically failing to make and keep books,
records and accounts, which, in reasonable detail, accurately and
fairly reflected the transactions and disposition of the assets of
YBM, as required under the Securities Exchange Act of 1934,
§13(b)(2)(A), under securities regulations in Canada, and in
accordance with generally accepted accounting principles.
E. MISREPRESENTATIONS OF YBM’s OPERATIONS AND FINANCIAL
CONDITION TO SECURITIES REGULATORS AND INVESTMENT
COMMUNITY
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