Russian charged with money laundering and illegally transmitting more than $150 million.
Feliks Medvedev has been indicted on
- 39 counts of money laundering.
- X1 [one] count of operating an unlicensed money transmitting business.
FBI special agent in charge Keri Farley said:-
- “The FBI is committed to the fight against money laundering and to find those who are trying to hide right in our own backyard and illegally send cash overseas.”
U.S. Attorney Ryan K. Buchanan, said:-
- “Medvedev allegedly used the American banking system to illegally transmit more than $150 million,”
- “These types of criminal actions pose a serious danger to the integrity of our financial system.”
- “Money laundering is not a victimless crime.”
According to U.S. Attorney Buchanan, the indictment, and other information presented in court:
- Feliks Medvedev allegedly registered eight companies in Georgia that were used to transmit over $150 million in a series of 1,300 transactions.
- The companies were purportedly headquartered in Buford, Georgia, and Dacula, Georgia.
- But the companies did not generate typical business expenses or maintain employees.
- The money was used, in part, to purchase more than $65 million in overseas gold bullion.
- Medvedev, a Russian citizen who resides in North Georgia, allegedly transferred millions overseas from multiple bank accounts in Georgia.
Feliks Medvedev, 41, of Buford, Georgia, was indicted by a federal grand jury for these offenses on April 11, 2023.
Members of the public are reminded that the indictment only contains charges. The defendant is presumed innocent of the charges and it will be the government’s burden to prove the defendant’s guilt beyond a reasonable doubt at trial.
This case is being investigated by the Federal Bureau of Investigation.
Assistant U.S. Attorneys Christopher J. Huber and Radka T. Nations are prosecuting the case.
Updated May 1, 2023, source
Meet the team of industry experts behind ComsureFind out more
Keep up to date with the very latest news from ComsureFind out more
View our latest imagery from our news and workFind out more
Think we can help you and your business? Chat to us todayGet In Touch
As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email email@example.com.