Monday, 5 July, 2021 - 05:45
Security officers stand guard outside the US Department of Justice Building in Washington, US, December 2, 2020. REUTERS/Tom Brenner Asharq Al-Awsat
A fugitive Turkish businessman who wants to return home to avoid US prosecution is due to appear in an Austrian court on Monday carrying secrets with potential geopolitical ramifications.
The list of scandals implicating businessman Sezgin Baran Korkmaz is long, stretching back to the early months of former US President Donald Trump’s administration.
It also involves a cast of colorful cohorts, including two polygamist sectarians in Utah, Jacob and Isaiah Kingston, and a California-based fuel company owner named in US documents as Levon Termendzhyan.
Турция и США борются за экстрадицию бизнесмена, отмывшего более 133 млн долларов
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Turkish Businessman Arrested in Austria on Charges that He Allegedly Laundered Over $133 Million in Fraud Proceeds
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Turkish Businessman Arrested in Austria on Charges that He Allegedly Laundered Over $133 Million in Fraud Proceeds
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Turkish businessman arrested in scheme with Utah polygamists
By SOPHIA EPPOLITOJune 22, 2021 GMT
SALT LAKE CITY (AP) A Turkish businessman has been arrested by the U.S. Justice Department in connection with what authorities say was a biodiesel fraud scheme operated by a Utah business that stole nearly $500 million in government funds.
Sezgin Baran Korkmaz was arrested in Austria on Saturday on suspicion of laundering over $133 million through bank accounts that authorities contend he controlled in Turkey and Luxembourg, federal prosecutors said in a statement Monday.
Prosecutors said Korkmaz was connected to a biodiesel fraud scheme run by Utah polygamists Jacob and Isaiah Kingston and gas station owner Lev Dermen to defraud the the U.S. Treasury by filing false claims for over $1 billion in refundable renewable fuel tax credits. They are accused of using the money to buy luxury sports cars and million-dollar homes, prosecutors said.