Justice Department's indictment of Semion Mogilevich

UNITED TRADE and MAGNEX RT to be approximately $40 million.
• In reality, the defendants knew this was a false and inflated value, and
indeed the value of the machinery and equipment at the Budapest plant as
of May 1999 was not more than approximately $3,080,000;
(j) YBM sold ARBAT, a Russian joint venture company and a subsidiary of
ARIGON, for the sum of $250,000, and realized a profit of $70,000.
Management and Control
• In reality, the defendants knew YBM did not realize a profit, rather the
purchase was paid for with monies funneled to closely-related straw parties
from Mogilevich’s ARIGON bank account and from monies from the sale
of MOGILEVICH’s YBM stock.
(k) YBM’s core operations, including production, sales, marketing and corporate
finance, were primarily directed and controlled by a North American-based Board of
Directors and corporate management team.
• In reality, the defendants knew the core operations were directed and
controlled by the defendants MOGILEVICH, FISHERMAN and TSOURA
from Budapest, Hungary, and other locations in combination with
BOGATIN; and
(l) Certain individuals held various titles and positions of authority for
companies within the Network of YBM companies, including Treasurer, Sales and
Marketing Director, and Director of Industrial Relations.
• In reality, the defendants knew these individuals performed minimal
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