20/12/2022

The Russian Laundromat

The Russian Laundromat scheme was a massive money laundering operation that ran from 2010 to 2014 and involved billions of dollars being funneled out of Russia and into foreign bank accounts. The scheme was facilitated by a network of shell companies and fake loans, which were used to conceal the movement of the funds. The laundered money ended up in the hands of corrupt officials, organized crime groups, and other illicit actors. The scheme was eventually uncovered by investigative journalists and has led to criminal charges against several individuals involved in the operation.