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NEW YORK - Semyon Mogilevich, a reputed Russian mob leader, insists that he had no role in the scheme in which up to $10 billion may have been funneled through the Bank of New York, in what is said to be the largest case of money-laundering in US banking history. In an interview published in the Rus...

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Bibliographic Details
Published inThe Jerusalem post
Main Author Marilyn Henry, Heidi J. Gleit, AP, Aryeh Dean Cohen
Format Newspaper Article
LanguageEnglish
Published Jerusalem The Jerusalem Post Ltd 02.09.1999
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Summary:NEW YORK - Semyon Mogilevich, a reputed Russian mob leader, insists that he had no role in the scheme in which up to $10 billion may have been funneled through the Bank of New York, in what is said to be the largest case of money-laundering in US banking history. In an interview published in the Russian daily newspaper Moskovsky Komsomolets, he derided suggestions that he was a crime boss in the Russian mafia, saying, "How is it possible for a single Jew from Kiev with an economic education and who lives abroad to be stronger and craftier than all of the security forces in the world?" Mogilevich, who has an Israeli passport and is thought to be living in Budapest, is said to have amassed a fortune primarily as an arms dealer who sold Soviet weapons after the collapse of communism, to rogue states such as Iraq, Iran and Serbia, according to news accounts. Marilyn Henry