Justice Department's indictment of Semion Mogilevich

More documents

Recommendations

Info

Defendant MOGILEVICH was a 40% shareholder of ARIGON, and directed and controlled its operations. ARIGON operated as a trader of commodities and consumer goods which were purchased in Western Europe and North America, and resold in Eastern Europe, including Russia and Ukraine. In or about December 1994, as part of the scheme to defraud, ARIGON was acquired by YBM MAGNEX, INC. ("YBM MAGNEX"), a Pennsylvania corporation set up by defendant BOGATIN. ARIGON became a subsidiary of YBM, the public corporation, in or about November 1995. ARIGON remained a subsidiary of YBM until April 1, 1996 when its assets were transferred to UNITED TRADE LIMITED ("UNITED TRADE"). ARIGON was dissolved in 1997. ARIGON's two subsidiaries were: (a) MAGNEX VALLALKOZOI RT (“MAGNEX RT”), a Hungarian corporation, located in Budapest. MAGNEX RT became a subsidiary of ARIGON in or about October 1992. MAGNEX RT owned the manufacturing plant in Budapest, Hungary, which purportedly produced YBM's neodymium magnets. ARIGON was to market, sell and distribute the magnets produced by MAGNEX RT, and was to purchase raw materials on behalf of MAGNEX RT. MAGNEX RT became a subsidiary of UNITED TRADE on or about April 1, 1996, when ARIGON transferred its assets to UNITED TRADE. (b) ARBAT INTERNATIONAL, INC. ("ARBAT"), a Russian company located in Moscow, was formed by ARIGON in or about July 1991 to conduct trading activity in Russia. ARIGON divested itself of ARBAT on or about April 1, 1996. Thereafter, ARBAT was no longer within the 8
YBM Network of companies and did not become a subsidiary of UNITED TRADE. 14. UNITED TRADE LIMITED (“UNITED TRADE”) was an offshore company incorporated in the Cayman Islands, British West Indies, on or about February 6, 1996. UNITED TRADE was the successor company to ARIGON and became a wholly owned subsidiary of YBM on or about April 1, 1996. At that time, the assets of ARIGON, including MAGNEX RT and the Budapest manufacturing plant, were transferred to UNITED TRADE. Thereafter UNITED TRADE was the marketing, sales and distribution arm of YBM, and was the core subsidiary which controlled transactions involving hundreds of millions of dollars primarily from purported magnet sales and other business activity, including oil. UNITED TRADE maintained a registration address in the Cayman Islands, but its operations were centered in Budapest, Hungary and were directed principally by defendant FISHERMAN with the assistance of defendant TSOURA. 15. YBM MAGNEX, INC. (“YBM MAGNEX”), a Pennsylvania corporation, was incorporated on or about February 10, 1994, by defendant BOGATIN who served as President at all times relevant to the Superseding Indictment. YBM MAGNEX was initially located at 2935 Byberry Road in Hatboro, Pennsylvania and was a shell company set up in the United States to acquire ARIGON. YBM MAGNEX acquired ARIGON in or about December 1994. Subsequently, in or about November 1995, YBM MAGNEX became a wholly owned subsidiary of YBM and thereafter was operated from headquarters in Newtown, Pennsylvania. Related Companies 9
Page 1 and 2: IN THE UNITED STATES DISTRICT COURT
Page 3 and 4: operated businesses, described here
Page 5 and 6: Indictment, MOGILEVICH resided in B
Page 7: The Network of YBM Companies YBM Ma
Page 11 and 12: ORIGON's bank account in Israel wer
Page 13 and 14: 25. The Toronto Stock Exchange (“
Page 15 and 16: Network of YBM companies, including
Page 17 and 18: company ARIGON between approximatel
Page 19 and 20: for stock in YBM MAGNEX. As a resul
Page 21 and 22: investors, recorded, and caused to
Page 23 and 24: UNITED TRADE had a diverse customer
Page 25 and 26: productive between September and De
Page 27 and 28: UNITED TRADE and MAGNEX RT to be ap
Page 29 and 30: ARBAT, ARIGON, and MAGNEX RT; (2) e
Page 31 and 32: (b) On or about November 20, 1997,
Page 33 and 34: 43. At various times during the sch
Page 35 and 36: listed: Defendant Amount (a) FISHER
Page 37 and 38: and investing money received from t
Page 39 and 40: The Scheme To Defraud 9. The defend
Page 41 and 42: circumstances under which they were
Page 43 and 44: Bank of Scotland, London, England (
Page 45 and 46: 18 1/26/97 Facsimile of false audit
Page 47 and 48: (ph# 215-579-5695) to FISHERMAN, in
Page 49 and 50: Solis-Cohen, 111 South 15 th Street
Page 51 and 52: Overt Act Date Description Transfer
Page 53 and 54: Overt Act Date Description Transfer
Page 55 and 56: COUNTS TWO THROUGH TWENTY-THREE (Wi
Page 57 and 58: 8 7/2/97 Facsimile of false “sale
Page 59 and 60:
21 5/12/98 4:50 p.m. 22 5/13/98 9:1
Page 61 and 62:
Count 24 Date 3/5/95 Description Fa
Page 63 and 64:
3. The defendants violated those pr
Page 65 and 66:
COUNT THIRTY-TWO (Filing False Repo
Page 67 and 68:
THE GRAND JURY FURTHER CHARGES: COU
Page 69 and 70:
transportation, transmission and tr
Page 71 and 72:
10/28/96 Proceeds totaling approx.
Page 73 and 74:
Date Description Transferred from T
Page 75 and 76:
Date(s) Description Sold & Transfer
Page 78 and 79:
COUNTS THIRTY-SIX THROUGH THIRTY-NI
Page 80:
COUNTS FORTY THROUGH FORTY-FIVE (Mo
Page 83 and 84:
THE GRAND JURY FURTHER CHARGES: NOT
Page 85 and 86:
NOTICE OF FORFEITURE (Money Launder
show all

Justice Department's indictment of Semion Mogilevich

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?