Search here
Search
Subscribe
Sanctions

Brooklyn Man Pleads Guilty in Sinister Scheme to Illegally Export Dual-Use Goods to Russian Military

By Mayur Joshi
0
340
retaliatory sanctions

More Articles

Mayur Joshi
Mayur Joshihttp://www.mayurjoshi.com
Mayur Joshi is a contributing editor to Regtechtimes, he is recognized for his insightful reporting and analysis on financial crimes, particularly in the realms of espionage and sanctions. Mayur's expertise extends globally, with a notable focus on the sanctions imposed by OFAC, as well as those from the US, UK, and Australia. He is also regular contributor on Geopolitical subjects and have been writing about China. He has authored seven books on financial crimes and compliance, solidifying his reputation as a thought leader in the industry. One of his significant contributions is designing India's first certification program in Anti-Money Laundering, highlighting his commitment to enhancing AML practices. His book on global sanctions further underscores his deep knowledge and influence in the field of regtech.
Nikolay Grigorev, 36, of Brooklyn, has pleaded guilty to conspiring to defraud the United States in an illicit export control scheme involving the shipment of electronic components from the United States to companies affiliated with the Russian military. Nikolay Grigorev’s co-defendants, Nikita Arkhipov and Artem Oloviannikov, are currently at large.

Nikolay Grigorev exported Dual Use Goods

Nikolay Grigorev’s guilty plea reveals his role in smuggling over $250,000 worth of sensitive American drone technology to Russian companies, supporting Putin’s unlawful war against Ukraine. Deputy Attorney General Lisa Monaco highlighted the swift action by agents and prosecutors to prevent over 11,500 electronic components from reaching the Russian war machine.

QLC was registered and controlled by Nikolay Grigorev and Oloviannikov, with Arkhipov utilizing a QLC email account from Russia. Through QLC, the defendants procured dual-use electronic components for entities in Russia involved in the development and manufacture of drones for the Russian war effort in Ukraine. The most notable of these entities was SMT-iLogic, a Russia-based technology company that was sanctioned in May 2023 for its involvement in the supply chain for producing Russian military UAVs used in Russia’s war against Ukraine.

Between Oct. 22, 2021, and Feb. 22, 2022, QLC accounts controlled by Grigorev received wire transactions from SMT-iLogic totalling approximately $272,830. These funds were used almost entirely to make payments to a Brooklyn-based electronics distributor or to pay Nikolay Grigorev’s credit cards, which he used to buy goods from the Brooklyn Company.

Twitter of DOJ

The Justice Department remains committed to holding accountable those who defy sanctions and export controls to support Russia’s aggression in Ukraine.

The Department of Justice (DOJ) took to Twitter to share its stance on the arrest of Nikolay Grigorev and his co-conspirators involved in the illicit export of dual-use goods. In a series of tweets, the DOJ expressed its commitment to preventing the unauthorized transfer of sensitive technologies that could be used for military purposes. The arrest underscores the DOJ’s efforts to enforce export controls and sanctions, particularly in light of Russia’s aggressive actions in Ukraine.

The DOJ’s statements on Twitter reflect its determination to protect national security interests and hold accountable those who seek to undermine them through illicit activities.

The FBI Deputy Director, Paul Abbate, emphasized the significant threat posed by such illicit technology transfers, which support Russia’s war effort. The FBI continues its relentless pursuit of illegal transfers that threaten national security.
Assistant Attorney General Matthew G. Olsen underscored the importance of stopping the illicit flow of technology to support the Russian war machine, reaffirming the commitment to hold accountable those who violate laws and undermine Russia’s campaign of aggression against Ukraine.
Read more about Russian Sanctions and Dual Use Goods
U.S. Attorney Breon Peace for the Eastern District of New York reiterated the office’s commitment to pursue anyone who violates export controls, threatening national security.
Today’s guilty plea reinforces the unyielding efforts to reduce the flow of electronic components to the Russian military. Criminal convictions await those who willfully circumvent U.S. export controls and aid the manufacture of Russian drones used against Ukraine.
The case was coordinated through the Justice and Commerce Departments’ Disruptive Technology Strike Force and the Justice Department’s Task Force KleptoCapture, targeting illicit actors and protecting supply chains from hostile nation states. Task Force KleptoCapture enforces sanctions, export restrictions, and economic countermeasures imposed in response to Russia’s military invasion of Ukraine.
Previous article
California Men Charged in Pump and Dump Fraud Scheme Involving Airborne Wireless Network
Next article
FCC Slams AT&T, Verizon, T-Mobile with Massive $200M Fine for Illegally Sharing Users’ Location Data
- Advertisement -spot_imgspot_img

Follow Us on Google News

Latest

About us

Regtechtimes is a niche digital media platform that provides news, stories, and resources about regulatory technology. Regtechtimes is a valuable resource for anyone who wants to learn more about laws, regulations, technology and innovations and its potential to transform the financial services industry.

Company

Trending Stories

US Sanctions Over Pakistan’s Missile Program is a Veiled Warning to China

Sanctions 0
The United States recently imposed sanctions on Pakistan, targeting...

Mehrdad ‘Mitch’ Tabrizi Exposed: Shocking $1 Million COVID-19 Relief Fraud Unveiled

Enforcement 0
In a significant move against financial misconduct, a federal...

Ransomware Developer Behind LockBit Attacks Charged in U.S.

News 0
In a major move against cybercrime, the United States...

Newsletter Subscription

© 2018-2024 Regtechtimes LLC. All Rights Reserved.

error: Content is protected !!