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Tue Aug 18, 2020, 03:04 PM

Document leak reveals scope, audacity of Russian banking billionaire's alleged IRS ripoff

A recent arrest in London and a new leak of documents from a bank in the Cayman Islands provide a road map showing how a Russian oligarch allegedly defrauded the United States out of hundreds of millions in taxes, undertook luxury, prestige projects and played a financial shell game using offshore companies to buy and sell private jets.

The case of Oleg Tinkov is the latest to highlight the advantages of opaque limited liability corporations and obscure offshore tax havens like the British Virgin Islands and the Isle of Man, a self-governing British Crown dependency between Great Britain and Ireland and known for its medieval castles, to avoid taxes. And how recent document leaks are bringing about a reckoning.

The alleged tax fraud comes straight out of an indictment, handed up in California.

The leaked documents which were provided to the Justice Department but have not resulted in additional charges tell the rest of the story, underscoring how allegedly ill-gotten profits can be further shielded by rotating them through a series of offshore accounts, all under the same control, in effect a financial game of three card monte.

https://www.yahoo.com/news/document-leak-reveals-scope-audacity-105704579.html

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Reply Document leak reveals scope, audacity of Russian banking billionaire's alleged IRS ripoff (Original post)
Yo_Mama_Been_Loggin Aug 18 OP
mitch96 Aug 18 #1
mr_lebowski Aug 18 #2
mitch96 Aug 18 #3
mr_lebowski Aug 18 #4

Response to Yo_Mama_Been_Loggin (Original post)

Tue Aug 18, 2020, 03:10 PM

1. It would be interesting to see if McConnells friend Derapaska was involved...

Derapaska, a Russian Aluminum oligarch and putins friend opened a aluminum plant in Kentucky. Shady things went on with McConnell pushed thru an approval for a lifetime appointment of a judge who's husband is a lobbyist for Derapaska. The lobbyist is also an ex politician...
Something smelly here...
m

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Response to mitch96 (Reply #1)

Tue Aug 18, 2020, 03:17 PM

2. Ground is not even broken yet on the aluminum plant ...

And fortunately there's a chance it's not going to happen as financing is apparently an issue.

Also, IIRC it's only about 40% Russian-owned. The rest is US ownership.

Just an FYI.

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Response to mr_lebowski (Reply #2)

Tue Aug 18, 2020, 03:20 PM

3. I would be curious who owns the other 60%...... nt

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