Justice Department's indictment of Semion Mogilevich

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