3 Men Cop To $8M Scheme To Defraud US Agency

Law360, New York (May 6, 2011, 4:25 PM EDT) -- Three defendants pled guilty Tuesday in California to conspiring to defraud Overseas Private Investment Corp. of $8 million in applying for a loan to Golden Sierra Partners LLC for a milling and bakery operation in Estonia.

As part of three separate plea agreements, Golden Sierra Corporate Secretary Martin William Washburn, and another defendant, Donald Daniels, pled guilty to conspiracy to commit mail and wire fraud and conspiracy to commit money laundering, while defendant Sergei Shkurkin pled guilty only to the former charge. Two other defendants have...
To view the full article, register now.




Case Information

Case Title

Magistrate judge case number: 

Case Number



California Northern

Nature of Suit

Date Filed

August 27, 2009

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.