A Russian national pleaded guilty on Wednesday to illegally transferring over $172 million through the United States, the U.S. Department of Justice said.
Victor Kaganov, 69, funneled the money through shell cooperation he established in the U.S. state of Oregon to more than 50 countries around the world, RIA Novosti reported.
"We will not allow Oregon to be used like the corner ATM for people in foreign countries," Arthur Balizan, Special Agent in Charge of the FBI in Oregon said. "Crimes like these eat away at the stability and prosperity of the American financial system."
Kaganov faces up to five years in jail, a $250,000 fine and three years of supervised release.
Russian man pleads guilty to moving $170 million through U.S.
A Russian national pleaded guilty on Wednesday to illegally transferring over $172 million through the United States, the U.S. Department of Justice said.
