On Friday, October 20, 2017, it was announced that a dual citizen of Russia and Israel had been extradited to the United States to face charges of money laundering. 46-year-old Stanislav Nazarov is accused of taking part in an international money laundering scheme. Earlier this year, Nazarov and 18 others were charged in federal indictments for their alleged participation in international fraud and money laundering conspiracies.
The defendant was taken into custody in Israel in March 2017 after an undercover investigation. He was brought to the United States on October 19, 2017 and will make his first appearance on Friday. Nazarov has been charged with one count of conspiracy to commit money laundering and two counts of money laundering.
The indictment alleges that Nazarov and others conspired to defraud a large reinsurance company in India in June of 2016. The company ultimately fell victim to a cyber-phishing scheme. Then, Nazarov’s co-conspirators supposedly tricked the company’s director into wiring $1.4 million to an American bank account.
The indictment alleges that Nazarov received $50,000 in Israel for his participating in the scheme. According to the indictment, the defendant obtained the funds after a complex laundering scheme, in which the money was first sent to Russia and then to the defendant in Israel.
At this point in time, the defendant is innocent until proven guilty beyond a reasonable doubt in a court of law. Additional details can be found here.