High-Profile Money Laundering Investigation

Stout supported the U.S. Attorney’s Office for the Southern District of New York in conducting a major U.S. investigation into Russian money laundering involving the alleged use of proceeds from the largest Russian tax fraud in history in the purchase of real estate properties in New York. Our work included serving as an expert witness with respect to the tracing of assets across international borders.

We traced the flow of funds following the alleged tax fraud through numerous bank accounts and account holders. Our analysis covered the equivalent of hundreds of millions of U.S. dollars. We analyzed tens of thousands of pages of bank statements, payment orders, customer files, transaction logs, internal bank records and other materials. Our work was used by Counsel to secure a settlement that was three times the value of the allegedly traceable funds to the New York properties.

 

 

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