Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 18/08/2022 02:50 
22.06.2021 01:56 News >> US To Seek Extradition Of Turkish Man Over Money Laundering, Fraud Charges

US To Seek Extradition Of Turkish Man Over Money Laundering, Fraud Charges

Sezgin Baran Korkmaz faces prison terms for money laundering, wire fraud and obstruction if convicted.

The US will seek to extradite a Turkish businessman so he can appear before a court to face charges of money laundering, the Justice Department said Monday.
Sezgin Baran Korkmaz was arrested in Austria on June 19 and was indicted on "one count of conspiring to commit money laundering, 10 counts of wire fraud, and one count of obstruction of an official proceeding," said a release by the department.
"According to the superseding indictment, Korkmaz laundered over $133 million in fraud proceeds through bank accounts that he controlled in Turkey and Luxembourg.
"The proceeds allegedly related to a scheme by Jacob Kingston, Isaiah Kingston, and Levon Termendzhyan to defraud the U.S. Treasury by filing false claims for over $1 billion in refundable renewable fuel tax credits for the production and sale of biodiesel by their company, Washakie Renewable Energy LLC, in Plymouth, Utah," said the statement.
The US wants Korkmaz to appear before US District Judge Jill Parrish of the District of Utah to face the charges.
"If convicted, Korkmaz faces a maximum penalty of 20 years in prison for the money laundering conspiracy count, 20 years in prison for each of the wire fraud counts, and five years in prison for the obstruction count," the statement added.
Judge Parrish will determine any sentence after considering the US Sentencing Guidelines and other statutory factors, said the department. -



        Latest News
UK Issues 'Danger To Life' Warning After Severe Flooding 26 minutes ago...
Torrential rain has affected large areas of the country, with major train station being flooded.
Tory Leadership Hopefuls Pledge To Reestablish Power Sharing In Northern Ireland 41 minutes ago...
Truss and Sunak vow to protect UK by continuing changes to Northern Ireland Protocol.
Benfica Beat Dynamo Kyiv 2-0 In Champions League Playoffs 11 minutes ago...
Portuguese club grabs away match victory against Ukrainian team.
Giuliani Mum After Appearing Before Georgia Grand Jury Probing Trump Election Conduct 26 minutes ago...
No word on whether Trump's personal lawyer pleaded fifth amendment.
Blast Rips Through Mosque In Afghan Capital, Casualties Feared 41 minutes ago...
Prayer leader of Abu Bakr Siddique Mosque in Kabul was target of attack that also killed and wounded seminary students, says local media.

 
      Top News
UN Rights Chief 'Deeply Concerned' Over Abuse Allegations In Bangladesh UN Rights Chief 'Deeply Concerned' Over Abuse Allegations In Bangladesh
Former Minister Says Surveillance Scandal Severely Harms Democracy In Greece Former Minister Says Surveillance Scandal Severely Harms Democracy In Greece
Niger's Civil Society Opposes Deployment Of French Troops After Departure From Mali Niger's Civil Society Opposes Deployment Of French Troops After Departure From Mali
Ex-President Holds Greek Premier Responsible For Surveillance Scandal Ex-President Holds Greek Premier Responsible For Surveillance Scandal
Kenya's Opposition Leader Rejects Election Result Kenya's Opposition Leader Rejects Election Result
UN Health Body Invites Public To Suggest New Name For Monkeypox UN Health Body Invites Public To Suggest New Name For Monkeypox
US Industrial Production Up 0.6% In July, Beating Market Consensus US Industrial Production Up 0.6% In July, Beating Market Consensus
6 Indian Paramilitary Soldiers Die In Kashmir Accident 6 Indian Paramilitary Soldiers Die In Kashmir Accident
South Korea Calls On North To Respond To Its Aid Offer South Korea Calls On North To Respond To Its Aid Offer
Chinese Ship Arrives In Sri Lanka Amid India's 'Security' Concerns Chinese Ship Arrives In Sri Lanka Amid India's 'Security' Concerns