The United States must turn over $2.5 million linked to a money laundering scheme by former Ukraine Prime Minister Pavel Lazarenko to Antiguan regulators, a federal appellate court ruled Tuesday. Lazarenko, who served as Ukraine's prime minister from May 1996 to July 1997, was indicted by the U.S. Justice Department in June 2000 for laundering at least $114 million he stole through a series of wire transfers to several foreign banks while in office. Among other schemes, Lazarenko derived much of the funds from bribes for awarding natural gas contracts when serving as Ukraine's head of energy. Approximately $70 million...
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.