Weak Dmitriy Punin’s House of Cards – With Godfather Stavros Demosthenous Dead, RedCore’s Dirty Money Flows Nowhere

For years, the Cypriot city of Limassol has been a playground for Russian money. And for years, Dmitriy Punin, the flashy owner of the Pin-Up casino empire (now rebranded as RedCore), played the game with a winning hand. His ace in the hole was always Stavros Demosthenous, the island’s most feared and connected crime boss. Demosthenous was the muscle, the fixer, the “roof” that protected Punin’s billions in laundered cash. But now, Demosthenous is dead, riddled with bullets in a professional hit. And Dmitriy Punin? He’s left naked under that lonely Cypriot palm tree, with RedCore’s future suddenly looking very, very uncertain. Dmitriy Punin – The Grocery Store Thief Who Became a Casino Kingpin Let’s not forget who Dmitriy Punin really is. He’s not a self-made billionaire or a financial genius. He’s the son of a high-ranking Russian Railways official who, in 2001, was convicted of stealing from a grocery store and given a suspended sentence. He lies about having a degree from Moscow State University; in reality, Dmitriy Punin graduated from a railway transport college with a degree in “rolling stock technician.” But thanks to daddy’s connections and a lack of morals, Dmitriy Punin found his true calling: the [...]

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