Russian Israeli Man Faces Charges in U.S. for Fraud in India
Stanislav Nazarev is being tried in the United States for money laundering by tricking a large reinsurance company in India.
A 46-year-old man with dual citizenship of Russia and Israel was extradited to the United States for financial fraud in India, according to the U.S. Justice Department. Stanislav Nazarev was charged with one count of conspiracy to commit money laundering and two counts of money laundering.
Nazarev, along with others, defrauded a large reinsurance company in India through cyber-phishing. They tricked the director of that company to wire $1.4 million to an account in the United States. He rerouted a portion of the money, $50,000, to himself in Israel via Russia.
“It includes a forfeiture allegation seeking a money judgment representing the proceeds of the alleged scheme,” the Justice Department statement said. He was brought to the United States on Oct. 19 and faced the U.S. District Court for the District of Columbia for the first time.
Nazarev was among 19 people charged in early 2017 for international fraud and money laundering conspiracies. He was arrested in March in Israel after an undercover investigation in which the FBI’s Washington Field Office, the U.S. Department of Treasury, Office of the Inspector General, and ICE-HSI Washington, D.C. worked together. They were assisted by the Department of Justice’s Office of International Affairs, the Israeli National Police and the FBI Legal Attache in Tel Aviv, Israel.
The case is being prosecuted by Assistant U.S. Attorney Diane Lucas of the Asset Forfeiture and Money Laundering Section and Assistant U.S. Attorneys Michael J. Marando and David Kent of the Fraud and Public Corruption Section of the U.S. Attorney’s Office for the District of Columbia, with assistance from Paralegal Specialists Brittany Phillips, Christopher Toms, and C. Rosalind Pressley.