Russian National Sentenced for Illegally Sending Money to Russia
A Russian citizen living in North Georgia, Feliks Medvedev, was sentenced on Oct. 2 to three years and 10 months in prison for conducting an "unlicensed money transmitting business," which saw the transfer of over $150 million in Russian money. Medvedev was also sentenced to three years of supervised release following his prison sentence and told to pay a $10,000 fine, DOJ said.
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Medvedev registered eight companies in Georgia that were used to send the money to, in part, buy over $65 million in "overseas gold bullion," DOJ said. The defendant worked with a Russian company as part of the scheme and was told by multiple Russian nationals at the company to make the illegal transfers.
Following Medvedev's indictment, the Office of Foreign Assets Control sanctioned two of the man's co-conspirators -- Alexey Chubarov and his firm KSK Group. Chubarov, KSK Group and Russian national Lev Solyannikov were indicted earlier this year for their role in the conspiracy. Both cases were brought through the work of DOJ's Task Force KleptoCapture -- an interagency task force created to enforce "the sweeping sanctions, export controls, and economic countermeasures" the U.S. has imposed on Russia.