Up pops ANOTHER Russian!
Ike Kaveladze’s presence was confirmed by Scott Balber, an attorney for Emin and Aras Agalarov, the Russian developers who hosted the Trump-owned Miss Universe pageant in 2013. Balber said Kaveladze works for the Agalarovs’ company and attended as their representative.
Well, ok, technically, not a Russian, but a Georgian (and not the kind from Atlanta).
In 2000, Kaveladze’s actions as the head of a Delaware company called International Business Creations were the subject of a government investigation into how Russians and other foreigners were able to launder large amounts of money through U.S. banks.
The GAO report, which had been requested by Congress, concluded that it was “relatively easy” for these foreigners to use shell companies to open U.S. banks accounts and route hidden money through the American financial system.
The report described the activities of IBC’s president, who Balber confirmed was Kaveladze.
And yet has links to Russian money laundering. Got it.
According to the GAO, Kaveladze opened 236 bank accounts in the U.S. for corporations formed in Delaware on behalf of mostly Russian brokers. Kaveladze told officers of two U.S. banks that he had conducted investigations of the Russian companies for which he opened accounts. However, he told GAO investigators that was not truthful.
“He admitted to us that he made such representations to the banks but that he in fact had not investigated the companies,” the report said.
And a liar to boot! Fits right in with this den of thieves.