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Thu Sep 24, 2020, 07:27 PM

With Deutsche Bank's help, an oligarch's buying spree trails ruin across the US heartland

Unbelievable. A Must Read..
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https://www.icij.org/investigations/fincen-files/with-deutsche-banks-help-an-oligarchs-buying-spree-trails-ruin-across-the-us-heartland/

With Deutsche Bank’s help, an oligarch’s buying spree trails ruin across the US heartland

Secret transactions, lost jobs, worker injuries, gutted buildings, unpaid bills: Ihor Kolomoisky’s untold American legacy.


Investigations
FinCEN Files
MONEY LAUNDERING

Deutsche Bank moved more than $750 million allegedly siphoned from a Ukrainian bank and into the United States — more than half the money spent on real estate.
Notorious Ukraine oligarch and billionaire business partner directed the buying spree with the help of Miami investors.
Millions moved through a maze of shell companies set up in Cyprus and the Caribbean that concealed the source of the money, internal bank records show



In a fiery ball, the explosion in a massive furnace at Warren Steel in Ohio blew out bricks and windows and sent workers hurtling to the ground, including three who were airlifted to burn units and two others rushed to local hospitals.

“I was like a ping pong ball,” said Michael Buckner, 34, who was taken by helicopter to an Akron hospital with severe burns on his head and arms. “I got thrown down steps. You couldn’t see anything.”

In the aftermath, federal inspectors turned up serious safety violations at the plant, while workers railed about dangerous and decrepit conditions they said had been ignored.

The 2011 blast was one of the first calamities to strike an American business owned by Ihor Kolomoisky, a Ukrainian oligarch with a reputation for heavy-handed tactics — he once sent a team of armed men to occupy an oil company — and for corruption on a grand scale.


For more than a decade, Kolomoisky siphoned billions of dollars from PrivatBank, Ukraine’s largest financial institution, which he co-owned
, in an audacious laundering scheme, cleaning the money through a web of companies around the world, U.S. federal prosecutors allege.

An investigation by the International Consortium of Investigative Journalists shows that Deutsche Bank, the troubled global lender, played a pivotal role, transferring more than $750 million to Kolomoisky’s business interests in the United States.

Criminals and others seeking to hide illicit money in the U.S. often plow it into glittering high-rises in New York, or use it to buy billionaire playthings, like yachts and expensive jewelry. Kolomoisky, who played a peripheral role in the Donald Trump impeachment drama, had a different prize in mind: real estate in the American heartland.

Over a decade, he and his associates secretly amassed a real estate empire, buying at least 22 properties, including a skyscraper in Cleveland...
MORE...
https://www.icij.org/investigations/fincen-files/with-deutsche-banks-help-an-oligarchs-buying-spree-trails-ruin-across-the-us-heartland/

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Reply With Deutsche Bank's help, an oligarch's buying spree trails ruin across the US heartland (Original post)
Budi Sep 24 OP
ms liberty Sep 24 #1
I_UndergroundPanther Sep 24 #2
mitch96 Sep 24 #3
Kid Berwyn Sep 26 #4

Response to Budi (Original post)

Thu Sep 24, 2020, 07:43 PM

1. Yea, we need to do something about this.

If we wanted to be owned by citizens of other countries, we could have continued as colonies, saved the money of the Louisiana Purchase, and not killed a shit ton of people for 'Murica.

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Response to Budi (Original post)

Thu Sep 24, 2020, 07:50 PM

2. Rich people need to be put on very short leashes

And pay 90%tax like in the 50's 60's 70's.

They need thier wealth capped and controlled.

Thier greed ruins lives and the planet. They'll never have enough,that's why they must be limited by forces outside themselves. You cannot trust wealthy people.

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Response to I_UndergroundPanther (Reply #2)

Thu Sep 24, 2020, 10:38 PM

3. "And pay 90%tax like in the 50's 60's 70's. " Yup thats about right.

And while they are at it, repeal the tax break for the top 1%. Expand social security payments past the cap we have now. I think I just saw $132000. Rich people can afford to throw in a lot more than that.. That would put the country on a good footing. Infrastructure rebuilding would help. Nation wide medical coverage?
That would work for me...
m

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Response to Budi (Original post)

Sat Sep 26, 2020, 08:18 AM

4. "We have all the funding we need out of Russia."

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