Kingston – Termendzhyan Indictment 08-01-18.pdf
USG Motion for Detention Kingston 08-24-18.pdf
USG Motion Detention Isiaiah Kingston 08-31-18[1].pdf
USA v. Termendzhyan Initial Docket Rpt.pdf
Initial Appearance Termendzhyan.pdf
________________________________________
From: Louette Ragusa [[email protected]]
Sent: Wednesday, September 05, 2018 11:49 AM
Subject: Associates of Korkmaz Indicted on Money Laundering
Developments in the case.
Previously, we briefed you concerning the attacks to the Ayasli Family and TCA by SBK Holding, Sezgin Baran Korkmaz.
Since that time significant legal events have taken place. The U.S. Government has filed an indictment, arrest has been made based on that these individuals present a flight risk and Levon Termendzhyan, Armenian American has obtained Mark Geragos as his Attorney.
Currently, two close associates of Mr. Korkmaz have been indicted on charges of money laundering defrauding the U.S. government out of at least a half-billion dollars.
The indictment is attached for your reference. As two additional documents released since the publication of the indictment have shown, the illegal schemes for which Mr. Korkmaz’s associates have been charged are intimately tied to Mr. Korkmaz.
First, the government refers to Mr. Korkmaz’s holding company, SBK Holding (Turkey) as the “partner and investment manager” of the indictees. The government further alleges that indictee Lev Aslan Dermen fled to Turkey in August 2017 on Korkmaz’s private jet in order to avoid search warrants. And, we have strong reason to believe that Korkmaz lives in a residence owned by Kingston, which is likely the subject of the transfer of $483,000 to a Turkish bank account in the name of Levon Termendzhyan as payment for the Value Added Tax for a “waterside house (mansion).” Further, we have researched the companies the U.S. government says received the more than $134 million in transfers from Mr. Korkmaz’s associates, and in nearly all of them Mr. Korkmaz is either the majority shareholder or controlling officer or board member.
Mr. Korkmaz’s continues to attack the Ayasli Family & TCA in Turkey via paid off publications.
Court records now show that Mark GERAGOS has entered an appearance and notified the court that he will be representing Termendzhyan.
Mark Geragos is Armenian American and represents Armenian terrorist Hampig Sassounian and who is suing the Turkish Central Bank and Ziraat Ban for $$ millions over so-called genocide claims.
If you have any questions, please contact Lincoln McCurdy at [email protected]
Sincerely,
Louette Ragusa
Subject: Kingston ve Levon indictment. Kingston tutuklu.
FOR IMMEDIATE RELEASE
Friday, August 24, 2018
CEO and CFO of Utah Biodiesel Company and California Businessman Charged in $500 Million Fuel Tax Credit Scheme
A federal grand jury sitting in the District of Utah has returned an indictment, which was unsealed today, charging the CEO and CFO of Washakie Renewable Energy (WRE), a Utah-based biodiesel company, and a California businessman with laundering proceeds of a mail fraud scheme, which obtained over $511 million in renewable fuel tax credits from the Internal Revenue Service (IRS), announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, U.S. Attorney John W. Huber for the District of Utah, Don Fort, Chief of IRS Criminal Investigation and Jessica Taylor, Director of Environmental Protection Agency Criminal Investigation Division.
According to the indictment, Jacob Kingston was Chief Executive Officer and Isaiah Kingston was Chief Financial Officer of WRE and each held a 50% ownership interest in the company. WRE has described itself as the “largest producer of biodiesel and chemicals in the intermountain west.”
Jacob Kingston, Isaiah Kingston, and Lev Aslan Dermen (aka Levon Termendzhyan), owner of California-based fuel company NOIL Energy Group, allegedly schemed to file false claims for renewable fuel tax credits, which caused the IRS to issue over $511 million to WRE. Jacob Kingston is separately charged with filing nine false claims for refund on behalf of WRE in 2013.
The IRS administered tax credits designed to increase the amount of renewable fuel used and produced in the United States. These tax credits were paid by the IRS regardless of whether the taxpayer owed other taxes.
From 2010 through 2016, as part of their fraud to obtain the fuel tax credits, the defendants allegedly created false production records and other paperwork routinely created in qualifying renewable fuel transactions along with other false documents. To make it falsely appear that qualifying fuel transactions were occurring, the defendants rotated products through places in the United States and through at least one foreign country. The defendants also allegedly used “burner phones” and other covert means to communicate during the scheme.
The indictment further charges that the defendants laundered part of the scheme proceeds through a series of financial transactions related to the purchase of a $3 million personal residence for Jacob Kingston. Jacob and Isaiah Kingston are separately alleged to have laundered approximately $1.72 million in scheme proceeds to purchase a 2010 Bugatti Veyron. Jacob Kingston and Lev Aslan Dermen are separately charged with money laundering related to an $11.2 million loan funded by scheme proceeds.
If convicted, the defendants each face a maximum of 10 years in prison for each money laundering count and Jacob Kingston faces a maximum of 3 years in prison for each false tax return count. They also face a period of supervised release, monetary penalties, and restitution.
An indictment is an accusation. The defendants are presumed innocent until proven guilty.
Principal Deputy Assistant Attorney General Richard E. Zuckerman and U.S. Attorney John W. Huber for the District of Utah thanked special agents of IRS-CI, EPA-CID, and the Defense Criminal Investigative Service, who investigated the case, and Trial Attorneys Richard M. Rolwing, Leslie A. Goemaat, Arthur J. Ewenczyk, and Senior Litigation Counsel John E. Sullivan of the Tax Division, who are prosecuting the case.
Additional information about the Tax Division and its enforcement efforts may be found on the division’s website<https://www.justice.gov/tax>.
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