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☆ An oligarch who predicted that Russia may run out of money next year is surprised the economy has held up so far
▼ + stars: | 2023-09-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Oligarch Oleg Deripaska told the FT he was surprised at Russia's economic resilience. Deripaska, who is worth $2.3 billion, said demand from the global south is supporting Russia's economy. It's an about-turn for Deripaska, who, in March, said sanctions-hit Russia may run out of money next year. Anton Siluanov, the country's finance minister, told the CGTV channel last month he expects the Russian economy to grow by at least 2.5% this year. "Out of the next billion people who're about to be born, 70% will be in this region," Deripaska told the FT. "Let's face reality.

Persons: Oligarch Oleg Deripaska, Deripaska, —, oligarch Oleg Deripaska, It's, Anton Siluanov, it's Organizations: Service, Financial, New York Times, International Monetary Fund, US, European Union, Russia Locations: Russia, Ukraine

Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., March 8, 2023. Charles McGonigal, who led the FBI’s counterintelligence division in New York before retiring in 2018, is scheduled to appear at a plea hearing in Washington federal court at 2 p.m. (1800 GMT). He pleaded guilty to a conspiracy charge in federal court in Manhattan last month in a separate case related to his work for Russian oligarch Oleg Deripaska while Deripaska was under U.S. sanctions. McGonigal’s lawyer and a spokesperson for the U.S. Attorney’s Office in Washington declined to comment ahead of the hearing. U.S. prosecutors say the former Albanian intelligence officer had business interests in Europe and was a source for an FBI investigation involving foreign lobbying that McGonigal supervised.

Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, Deripaska, McGonigal, Andrew Goudsward, Scott Malone, Grant McCool Organizations: FBI, Court, REUTERS, Rights, U.S, Attorney’s, Thomson Locations: Russian, New York City, U.S, Albanian, New York, Washington, Manhattan, Europe

☆ Charles McGonigal, the disgraced former FBI official, pleaded guilty to hiding $225,000 in secret payments while working sensitive cases
▼ + stars: | 2023-09-22 | by ( Paul Squire | Mattathias Schwartz | ) www.businessinsider.com time to read: +2 min

A disgraced ex-FBI agent just pleaded guilty in a second criminal case against him. McGonigal previously pleaded guilty to helping a sanctioned Russian oligarch. McGonigal admitted in Washington DC federal court to falsifying records and making false statements about the $225,000 he got while working sensitive cases for the FBI. The disgraced FBI pleaded guilty to one count of concealment of material facts as part of a deal with federal prosecutors. McGonigal pleaded guilty last month in the New York case to charges of money laundering and conspiracy to violate sanctions.

Persons: Charles McGonigal, McGonigal, FBI spyhunter, —, Oleg Deripaska Organizations: FBI, Service, Washington DC, Putin Locations: NYC, Russian, Wall, Silicon, Washington, New York

[1/3] Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., August 15, 2023. At the time, McGonigal pleaded not guilty to four criminal counts including sanctions violations and money laundering. McGonigal told the court he was "deeply remorseful" for his actions. U.S. District Judge Jennifer Rearden is scheduled to sentence McGonigal on Dec. 14. U.S. prosecutors charged McGonigal as they ramped up efforts to enforce sanctions on Russian officials and police their suspected enablers following the Russian invasion of Ukraine in February 2022.

Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, McGonigal, Vladimir Potanin, Seth DuCharme, Jennifer Rearden, Matthew Olsen, Washington, Jody Godoy, Grant McCool Organizations: FBI, Court, REUTERS, Prosecutors, Deripaska, U.S . Department of Justice's National Security Division, Kremlin, Thomson Locations: Russian, New York City, U.S, New York, Manhattan, Russia, Cyprus, New Jersey, Ukraine, Nornickel

☆ Former head of FBI intelligence pleads guilty to conspiracy in connection to scheme working for sanctioned Russian oligarch
▼ + stars: | 2023-08-15 | by ( Lauren Del Valle | ) edition.cnn.com time to read: +2 min

CNN —The former head of counterintelligence for the FBI’s New York field office pleaded guilty Tuesday to one count of conspiracy in connection to a scheme working for a sanctioned Russian oligarch in 2021. In court on Tuesday, McGonigal answered a series of questions about the illegal scheme for Deripaska and his mental competency before District Judge Jennifer Rearden accepted his guilty plea. “Mind is clear,” he told the judge, saying he feels “great.”In court, McGonigal, 55, said he is “deeply remorseful” for his actions. “I agreed with another party to collect open source derogatory information about a Russian oligarch named Vladimir Potanin who was a business competitor of Oleg Deripaska,” he said. McGonigal now could face up to a maximum five-year term in prison for the one count he pleaded guilty to Tuesday, Rearden said in court.

Persons: Charles McGonigal, John F, Oleg Deripaska, Seth DuCharme, McGonigal, Jennifer Rearden, ”, “, Vladimir Potanin, Deripaska, Rearden Organizations: CNN, FBI’s, FBI, Emergency Economic, US, Office, Southern, of, Kennedy International Airport Locations: York, Russian, of New York, New York, Washington, Albanian, Albania, McGonigal, United States

☆ Ex-FBI agent accused of working for Russian oligarch may change plea
▼ + stars: | 2023-08-07 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +1 min

Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., March 8, 2023. REUTERS/Brendan McDermid/File PhotoCompanies OK Rusal MKPAO FollowNEW YORK, Aug 7 (Reuters) - A former FBI agent accused by U.S. prosecutors of working for sanctioned Russian oligarch Oleg Deripaska may change his plea in relation to criminal charges of evading U.S. sanctions and money laundering, court records showed on Monday. A change of plea hearing before U.S. District Judge Jennifer Rearden in Manhattan has been scheduled for Aug. 15. The charges against McGonigal came as U.S. prosecutors ramped up efforts to enforce sanctions on Russian officials and police their alleged enablers in response to the invasion of Ukraine. Reporting by Luc Cohen in New York; Editing by Mark Porter and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles McGonigal, Oleg Deripaska, Brendan McDermid, Jennifer Rearden, McGonigal, oligarch, Russia's, Luc Cohen, Mark Porter, Conor Humphries Organizations: FBI, Court, REUTERS, U.S, Deripaska, Kremlin, Thomson Locations: Russian, New York City, U.S, Manhattan, New York, Ukraine, Washington

☆ Charles McGonigal: Ex-FBI counterintelligence chief in talks to plead guilty over work he did for Russian oligarch
▼ + stars: | 2023-08-07 | by ( Kara Scannell | ) edition.cnn.com time to read: +1 min

CNN —The former head of counterintelligence at the FBI’s New York office is in talks to plead guilty to charges relating to work he allegedly did for a sanctioned Russian oligarch after leaving the government, according to a court order. Charles McGonigal was indicated earlier this year on charges, including violating US sanctions, conspiracy, and money laundering for working in 2021 with Russian oligarch Oleg Deripaska, who was sanctioned for interfering in the 2016 US presidential election. The same day McGonigal was charged in a separate case in Washington for concealing $225,000 he allegedly received from a former Albanian intelligence employee. McGonigal, who is one of the highest-ranking former FBI officials to be charged with a crime, has pleaded not guilty to both indictments. No further details were included in the brief court order setting the plea proceeding.

Persons: Charles McGonigal, Oleg Deripaska, McGonigal, Jennifer Reardon, ”, Seth DuCharme Organizations: CNN, Labor Locations: York, Russian, Washington, Albanian, Albania

☆ It's really hard for foreign companies to break up with Russia — and there are 3 main reasons why
▼ + stars: | 2023-03-30 | by ( ) www.businessinsider.com time to read: +7 min

One year after Russia invaded Ukraine, just 520 firms have fully exited Russia, per a Yale study. Quite simply, it's just not that straightforward for a company to get out of Russia right now — and there are three main reasons why. Companies have been trying to exit Russia in an orderly fashionMany companies were quick to announce their intent to leave the Russian market after it invaded Ukraine. Thus, companies that want to exit Russia are pressed to find buyers for their Russian operations who would continue running the business under a different brand. Multinational companies face operation challenges in their exitsBecause many foreign companies operating in Russia are multinationals, shutting operations in the country can have a domino effect on their businesses elsewhere.

☆ Russia is so cut off from the international financial system that the Kremlin thinks Western sanctions have 'insured' the country against the banking crisis
▼ + stars: | 2023-03-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Kremlin said Russia will not be impacted by the US bank crisis. Sanctions over the Ukraine war have cut Russia off from the international financial system. Russia is now so cut off from the global financial system that the Kremlin thinks it will face no impact from the collapse of Silicon Valley Bank. In contrast, Russia — like much of the world — faced a credit crunch due to the fallout from the US subprime mortgage crisis in 2008, which ultimately led to the Global Financial Crisis. As the country recovered from the recession, it started working towards its grand ambition of making Moscow a global financial hub.

☆ Russia may run out of money in 2024, says oligarch
▼ + stars: | 2023-03-03 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —Russia could find itself with no money as soon as next year and needs foreign investment, outspoken Russian oligarch Oleg Deripaska has said. Putin praised the resilience of the country’s economy in the face of unprecedented Western sanctions imposed in the past year. Russia’s economic output shrank 2.1% last year, according to a preliminary estimate from the government. But cracks are starting to show — Russia is cutting oil production this month — and Western sanctions could escalate further. Ultimately, Russia’s economic prospects are contingent on what happens in Ukraine.

☆ Exclusive: The FBI's McGonigal labyrinth
▼ + stars: | 2023-02-08 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +28 min

She never saw McGonigal pay. "The notion that Mr. Deripaska is some proxy for the Russian state is a blatant lie," Ruben Bunyatyan, a spokesperson for Deripaska, told Insider by email. McGonigal was not charged with espionage, and although there is currently no evidence that McGonigal committed espionage, an FBI source told Insider that the investigation is ongoing. At the FBI, McGonigal racked up a string of big cases and promotions. "He said he needed to make more money," Guerriero told Insider.

☆ Exclusive: Inside the extramarital affair and cash-fueled double life of Charles McGonigal, the FBI spy-hunter indicted for allegedly taking Russian money
▼ + stars: | 2023-01-27 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +15 min

She had dated federal law enforcement officials before. "Charlie McGonigal knew everybody in the national security and law enforcement world," Guerriero said, in an exclusive interview with Insider. One law enforcement source estimated that McGonigal stood to make roughly $300,000 to $350,000 a year, including annual bonuses. Former New York City Mayor Rudy Giuliani, whom she knew from law enforcement circles, let her stay in a guest bedroom. During her relationship with McGonigal, Guerriero says, they never talked about politics.

☆ Former FBI Agent Charged With Taking Payments From Russian Oligarch Oleg Deripaska
▼ + stars: | 2023-01-23 | by ( Dylan Tokar | C. Ryan Barber | ) www.wsj.com time to read: +2 min

A former high-level FBI agent was indicted on charges he violated U.S. sanctions by accepting secret payments from Russian businessman Oleg Deripaska for work he did investigating a rival oligarch. Mr. McGonigal, who also supervised investigations into Mr. Deripaska and other Russian oligarchs before departing the Federal Bureau of Investigation in 2018, began conspiring to provide services to Mr. Deripaska in 2021, prosecutors said. Additionally, the former FBI agent in 2019 participated in an unsuccessful effort to have the sanctions on Mr. Deripaska lifted, prosecutors said. PREVIEWAn indictment unsealed on Monday charged Mr. McGonigal and a former Russian diplomat, Sergey Shestakov, with violating and conspiring to violate U.S. sanctions imposed on Mr. Deripaska in 2018, as well as with related money-laundering charges. Prosecutors in October also announced the indictment of a British businessman who worked as a property manager for Mr. Deripaska.

☆ Ex-FBI official arrested for alleged money laundering, Russia sanctions, taking money from former foreign agent
▼ + stars: | 2023-01-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan_Dienst_Byline.Jpg | Jonathan Dienst | ) www.nbcnews.com time to read: +4 min

Charles McGonigal, 55, was arrested on Saturday after arriving at JFK airport in New York on a flight from the Middle East. From August 2017 through his retirement in September 2018, McGonigal allegedly concealed his relationship with this former foreign security officer from the FBI. Charles McGonigal, the former head of counterintelligence for the FBI’s New York office. In 2022, federal prosecutors in New York charged Deripaska with violating sanctions. McGonigal joined the FBI in 1996, and was first assigned to the New York Field Office, where he worked on Russian foreign counterintelligence and organized crime.

☆ Ex-FBI official worked for sanctioned Russian oligarch, prosecutors say
▼ + stars: | 2023-01-23 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 23 (Reuters) - A former top FBI official was arrested over the weekend on accusations he worked for sanctioned Russian oligarch Oleg Deripaska, prosecutors said on Monday. Charles McGonigal, who led the agency's counterintelligence division in New York before retiring in 2018, faces four counts including sanctions violations and money laundering. Federal prosecutors in Manhattan say McGonigal, 54, received concealed payments from Deripaska, who was sanctioned in 2018, in exchange for investigating a rival oligarch in 2021. He is also charged with unsuccessfully pushing in 2019 for the lifting of the sanctions on Deripaska. The following month, U.S. prosecutors charged British businessman Graham Bonham-Carter with conspiring to violate sanctions by trying to move Deripaska's artwork in the United States overseas.

☆ Former top FBI counterintelligence agent Charles McGonigal charged with violating Russia sanctions
▼ + stars: | 2023-01-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +9 min

That other person later became an FBI source in a criminal probe of foreign political lobbying, which McGonigal was supervising, authorities said. The former top FBI agent in New York for counterintelligence was arrested with an ex-Russian diplomat and charged with violating U.S. sanctions on Russia after he left the FBI by trying to help the oligarch Oleg Deripaska get off the sanctions list, federal prosecutors said Monday. McGonigal and Shestakov, 69, who also was arrested Saturday evening, are due to appear in court in Manhattan later Monday. McGonigal previously had investigated Deripaska, who made his fortune in Russia's aluminum industry, while at the FBI. McGonigal agreed to help, and told an FBI supervisor who worked for him that he wanted to recruit the Deripaska employee, the indictment says.

☆ Ex-FBI official pleads not guilty to violating U.S. sanctions on Russia
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: 1 min

NEW YORK, Jan 23 (Reuters) - Charles McGonigal, a former FBI agent arrested over the weekend on accusations he worked for sanctioned Russian oligarch Oleg Deripaska, pleaded not guilty on Monday in federal court in Manhattan. Reporting by Luc Cohen in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

“In terms of thinking about what the mid- and long-term goals should be…the task force has been focused on facilitation networks, procurement networks, money-laundering networks,” he said. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Mr. Bonham-Carter worked primarily as a property manager for the Russian oligarch, according to the indictment. Bonham-Carter is a U.K. citizen, living in the U.K., arrested in the U.K.,” Mr. Adams said. In some cases, OFAC may not add companies that prosecutors deem are subject to the control of sanctioned oligarchs, he said.

☆ Squatters who took over a sanctioned Russian oligarch's mansion are told by judge they can stay
▼ + stars: | 2022-11-17 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A house in Amsterdam owned by sanctioned Russian oligarch Arkady Volozh was occupied by activists. Despite the Yandex billionaire's best efforts, a judge ruled that the squatters can stay. Volozh is not the first sanctioned oligarch to have his European property overtaken. Squatters moved into the five-story luxury house belonging to billionaire Arkady Volozh on October 27, according to Dutch newspaper De Telegraaf. This is far from the first protest action in the properties of high-profile sanctioned Russian figures.

☆ Russian Oligarch’s Property Manager Charged With Helping Evade Sanctions
▼ + stars: | 2022-10-11 | by ( Dylan Tokar | ) www.wsj.com time to read: +2 min

Graham Bonham-Carter was indicted by a grand jury in the Southern District of New York on sanctions evasion conspiracy and wire fraud charges. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. PREVIEW Mr. Bonham-Carter, 62 years old, worked primarily as a property manager for Mr. Deripaska, according to the recent indictment. Mr. Bonham-Carter also attempted to illegally transfer artwork purchased by Mr. Deripaska from a New York auction house to London, they said. Mr. Bonham-Carter couldn’t immediately be reached for comment.

☆ British businessman charged over helping Russian oligarch evade U.S. sanctions
▼ + stars: | 2022-10-11 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

NEW YORK, Oct 11 (Reuters) - British businessman Graham Bonham-Carter was arrested on U.S. charges of conspiring to violate sanctions placed on Russian oligarch Oleg Deripaska, prosecutors said on Tuesday. Bonham-Carter was arrested in the United Kingdom, and federal prosecutors in Manhattan said they will seek his extradition. Prosecutors said Bonham-Carter made payments for U.S. properties owned by Deripaska and tried to move the aluminum magnate's artwork in the United States overseas. A lawyer for Bonham-Carter, who is also charged with wire fraud, did not immediately respond to a request for comment. Prosecutors said Bonham-Carter has worked for entities controlled by Deripaska since around 2003, and managed his residential properties in the United Kingdom and Europe.

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