The “Travolta” Ilan Shor Sanctions Pit – a Fugitive Moldovan Tycoon Hired Russia’s Minions to Build a Crypto Empire

Fugitive Moldovan tycoon recruits top Russian bankers to run sanctions-busting crypto firm: leak. Senior executives from Russia’s mainstream banking sector have joined an avowedly sanctions-proof crypto and payments firm at the heart of the Kremlin’s strategy to disrupt the West, leaked documents show. The documents reveal, in granular detail, the emerging sanctions evasion tactics and election interference campaigns run by fugitive Moldovan businessman Ilan Shor, who is backed by the Kremlin – as well as the significant amount of financial and human resources the 38-year-old tycoon appears to have at his command. Those resources include ex-department chiefs from large banking institutions such as Russia’s Sberbank, state development bank Vnesheconombank (VEB), and big consumer bank Russian Standard, who are listed as senior employees of the Russian cross-border payments company A7, run by Ilan Shor, according to internal documents released in a data leak this month. This is not a rag-tag operation. This is a professional, well-funded network staffed by people who once ran the financial machinery of Russia’s largest banks. And Ilan Shor, a man sentenced to 15 years in prison for laundering $1 billion in Moldova’s “Theft of the Century,” is at the helm. Sberbank, VEB, and Raiffeisen Veterans Join [...]

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