Justice Department's indictment of Semion Mogilevich

The Network of YBM Companies
YBM Magnex International, Inc. - The Parent Company
10. YBM MAGNEX INTERNATIONAL, INC., a public corporation, was
registered in Calgary, Alberta, Canada, as “PRATECS TECHNOLOGIES, INC.” ("PRATECS")
on or about March 16, 1994. In or about November 1995, the name “PRATECS” was changed
to YBM MAGNEX INTERNATIONAL, INC. (variously referred to herein as "PRATECS,"
"PRATECS/YBM" and "YBM").
11. From approximately March 16, 1994 to late 1995, YBM’s offices were
located at 2935 Byberry Road, Hatboro, Bucks County in the Eastern District of Pennsylvania.
From in or about late 1995 to at least September 1998, YBM’s international corporate
headquarters were located at 110 Terry Dr., Newtown, Bucks County in the Eastern District of
Pennsylvania.
12. YBM, and its subsidiaries, represented to the investing public, to securities
regulators, and to auditors and accountants, that YBM's primary business was the manufacture
and worldwide distribution of custom-made, precision-designed, neodymium magnets which were
manufactured at its plant in Budapest, Hungary, and sold throughout the United States, Canada,
Europe and the Middle East, among other locations. YBM also represented that its business
operations included the manufacture and distribution of magnetic products, a computer software
security system called “CatchDisk,” and the refinement and sale of crude oil.
YBM’s Subsidiaries
13. ARIGON COMPANY LIMITED (“ARIGON”) was an off-shore
company, incorporated in the Channel Islands, United Kingdom on or about May 24, 1990.
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