Oregon Man Cops To $172M Wire Transfer Scheme

Law360, New York (March 2, 2011, 1:25 PM EST) -- An Oregon man pled guilty Tuesday to running an illegal money-wiring business that moved more than $172 million through shell corporations in the United States.

Victor Kaganov, a Russian-born naturalized U.S. citizen, copped to one count of operating an unlicensed money transmitting business in the U.S. District Court for the District of Oregon.

Kaganov, 69, faces up to five years in prison, a $250,000 fine and three years on parole, but prosecutors have agreed to recommend a maximum prison term of 18 months in accordance with...
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