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.
"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.
The sentencing is set for April 19.
MOSCOW, March 2 (RIA Novosti)
