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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Defendant MOGILEVICH was a 40% shareholder <strong>of</strong> ARIGON, and directed and controlled its<br />
operations. ARIGON operated as a trader <strong>of</strong> commodities and consumer goods which were<br />
purchased in Western Europe and North America, and resold in Eastern Europe, including Russia<br />
and Ukraine. In or about December 1994, as part <strong>of</strong> the scheme to defraud, ARIGON was<br />
acquired by YBM MAGNEX, INC. ("YBM MAGNEX"), a Pennsylvania corporation set up by<br />
defendant BOGATIN. ARIGON became a subsidiary <strong>of</strong> YBM, the public corporation, in or<br />
about November 1995. ARIGON remained a subsidiary <strong>of</strong> YBM until April 1, 1996 when its<br />
assets were transferred to UNITED TRADE LIMITED ("UNITED TRADE"). ARIGON was<br />
dissolved in 1997. ARIGON's two subsidiaries were:<br />
(a) MAGNEX VALLALKOZOI RT (“MAGNEX RT”), a Hungarian<br />
corporation, located in Budapest. MAGNEX RT became a subsidiary <strong>of</strong><br />
ARIGON in or about October 1992. MAGNEX RT owned the<br />
manufacturing plant in Budapest, Hungary, which purportedly produced<br />
YBM's neodymium magnets. ARIGON was to market, sell and distribute<br />
the magnets produced by MAGNEX RT, and was to purchase raw<br />
materials on behalf <strong>of</strong> MAGNEX RT. MAGNEX RT became a subsidiary<br />
<strong>of</strong> UNITED TRADE on or about April 1, 1996, when ARIGON<br />
transferred its assets to UNITED TRADE.<br />
(b) ARBAT INTERNATIONAL, INC. ("ARBAT"), a Russian company<br />
located in Moscow, was formed by ARIGON in or about July 1991 to<br />
conduct trading activity in Russia. ARIGON divested itself <strong>of</strong> ARBAT on<br />
or about April 1, 1996. Thereafter, ARBAT was no longer within the<br />
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