Laundering Suit Ends as Russian Firm, U.S. Claim Victory
- N.Y. trial promised to show laundered cash’s journey to U.S.
- A decade of intrigue, lawyers’ deaths, surrounded condo trial
A view of midtown is seen from the penthouse apartment at the 50 United Nations Plaza building in New York, U.S., on Tuesday, June 7, 2016. About 3,574 newly built apartments will reach the market in 2016, according to brokerage Corcoran Sunshine Marketing Group.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The U.S. agreed to take $5.9 million to settle a money-laundering lawsuit tied to a $230 million Russian tax fraud, avoiding a trial that was set to begin Monday.
Both the U.S. and a Cyprus-based company controlled by a Russian businessman claimed victory in avoiding a trial that promised to shed light on an intricate web of shell companies and middlemen that were allegedly used to spirit dirty money out of Russia in violation of international financial regulations.