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Saturday, August 15, 2020
Volume:
36
Issue:
8
Abstract:
On August 6, 2020, the United States Department of Justice brought two civil forfeiture complaints in the U.S. District Court for the Southern District of Florida, charging that funds misappropriated from PrivatBank in Ukraine were used to buy commercial real estate in Louisville, Kentucky, and Dallas, Texas. As a result, the suits say they are subject to forfeiture for violating federal money laundering laws.[1]
[1] U.S. Department of Justice, Justice Department Seeks Forfeiture of Two Commercial Properties Purchased with Funds Misappropriated from PrivatBank in Ukraine, Press Rel. 20-757, Aug. 6, 2020.