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17 Charged In Cash Structuring Scheme
Posted by Susie Kopecky on Sep 20, 2012 - 10:04:16 AM
BEVERLY HILLS—A Beverly Hills man is one of ten individuals who were arrested on September 11 in connection with allegations of “'structured' currency transactions designed to avoid federal reporting requirements," according to the United State Department of Justice.
Peter Kats, 31, of Beverly Hills was arrested and charged with a total of 16 other individuals who were allegedly tied to illegal money moving with the goal of evading payment for such movements. According to the Department of Justice, Kats and Aziz Nurhan, 30, were the two ringleaders of the scheme. The two men are also listed as being principals of Independent Wholesale Drug, Inc.
The DOJ captured and arraigned numerous individuals suspected of illegal money moving and financial evasion.
The Department of Justice alleges that Kats and Nurhan were involved in nearly $9 million worth of money transactions crafted in such a way as to avoid federal payment. According to a press release, the "scheme to structure cash withdrawals to avoid the federal currency transaction reporting requirement that requires domestic banks to report any currency transaction of more than $10,000" lasted from early 2009 through April 2011. The press release further notes that in all, "the indictment lists 251
instances of structured transactions totaling $8,980,900."
According to the Department of Justice, Kats is being charged with a number of related crimes, including falsely claiming to be an active member of the U.S. Air Force, credit card fraud, and using Independent Wholesale Drug, Inc. to "purchase pharmaceuticals from non-authorized sources - including the black market."
Kats could face up to 30 years imprisonment if found guilty of these crimes.
The 10 individuals arrested on September 11 were arraigned in the United States District Court in Los Angeles on the same day.
The 15 other individuals named in the indictment are Vladlen Botvinsky of Los Angeles, Murad Magomedgadzhiev of Reseda, Guseyn Magomedgadzhiev of Reseda, Areg Bezik or Glendale, Pavel Groysman of Studio City, Vitaly Khaytovich of West Hollywood, Ruslan Magomedgadzhiev of Reseda, Izumrud Magomedgadzhiyeva of Reseda, Alexander Makhtin or Sherman Oaks, Lev Monoshevich of Los Angeles, Inna Koval of Los Angeles, Alexander Sherif of San Diego, Armen Aperian (currently a fugitive), Aelita Kuliyeva (also currently a fugitive) and the late Andre Beziki.
The IRS (Criminal Investigation), the FBI and the U.S. Postal Inspection Service worked together on this investigation.
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