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re: Judge slaps Mueller AGAIN
Posted on 8/2/18 at 10:28 pm to Kickadawgitfeelsgood
Posted on 8/2/18 at 10:28 pm to Kickadawgitfeelsgood
quote:
Bank of Cyprus will be a center point in future indictments. Ukrainian and Russian money was laundered through the bank.
You actually do have a point here on Cyprus and Ukrainian and Russian banking. To this day a lot of Ukrainian money goes to Cyprus for financial safety reasons.
Online gaming companies go through there. World of Tanks/Warships/Warplanes is a Ukranian company using Cyprus for their banking. Since Sony Online Entertainment sold out to a company called Daybreak a few years ago those games use Cyprus banks (Planetside2/Everquest2/H1Z1). Daybreak Games just this June cut ties to one of the named banned Oligarchs, Viktor Vekselberg, in order to remain in business.
According to a couple of the "World of Warships" developers, they use Cyprus to physically protect the revenue/cash/assets from seizure by Russia or potential Ukrainian Govt. collapse(online chatted with them personally five-ish years ago when Russia actually had boots on the ground in Ukraine). "World of Tanks" alone has millions of users and billions of dollars over the last decade they have been in business.
1
Posted on 8/3/18 at 5:10 am to Sidicous
quote:
You actually do have a point here on Cyprus and Ukrainian and Russian banking. To this day a lot of Ukrainian money goes to Cyprus for financial safety reasons.
Right. Prosecutors are alleging that Manafort was paid in "loans" (not expected to be paid back) from money that was essentially stolen from the people of Ukraine (i.e. the money was laundered which is the justification for the money laundering charges he'll face in his Washington D.C. trial next month). The prosecutors are presenting evidence that Manafort banked in Cyprus and created multiple shell companies to both protect the money from Ukrainian authorities and allow him to anonymously finish laundering the money and avoid paying U.S. taxes by paying his expenses through the shell companies. He created fake invoices to justify intentionally overpaying various American vendors (who I assume the government will try to show paid him back), finishing the laundering.
This post was edited on 8/3/18 at 5:15 am
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