Former Ukraine Prime Minister Pavel Lazarenko wins appeal, President Obama extends sanctions against Sudan, and more, in this week's roundup.
Former Ukrainian Prime Minister Pavel Lazarenko was sentenced to nine years in federal prison and fined $10 million Friday for money laundering, wire fraud and interstate transportation of stolen goods stemming from a 2004 conviction.
U.S. federal prosecutors won a precedent-setting money laundering conviction against former Ukrainian Prime Minister Pavel Lazarenko on June 3, when a U.S. District Court jury found him guilty of seven counts of money laundering and 22 other charges.
Pavel Lazarenkos one-time partner straddled the delicate line between unwilling bagman and opportunistic crony as he testified for five days in mid-April in the San Francisco federal money laundering trial of the former Ukrainian prime minister.
The testimony of two Swiss bankers in the trial of former Ukrainian Prime Minister Pavel Lazarenko highlighted the difficulties of conducting due diligence in the former Soviet republics and the willingness of banks to expose themselves to risks.