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The United States Accused the Ukrainian Oligarch of Money Laundering through the Cyprus Office of PrivatBank

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December 31, 2020

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October 6, 2026

The United States Accused the Ukrainian Oligarch of Money Laundering through the Cyprus Office of PrivatBank

The US prosecutor's office accusedIgor Kolomoisky and his business partner Gennady Bogolyubov of using "misappropriated funds" to buy real estate in Ohio.

The US prosecutor's office accused on Wednesday, December 30 the Ukrainian oligarch Igor Kolomoisky and his business partner Gennady Bogolyubov of using "misappropriated funds" laundered through the Cyprus office of PrivatBank to buy real estate in Ohio.

By the way, earlier similar accusations of "misuse of funds" were brought against their property in the states of Kentucky and Texas. However, then Kolomoisky, one of the most famous tycoons in Ukraine, considered a key political supporter of President Volodymyr Zelensky, denied everything.

The oligarch's American lawyer Bruce Marks has not yet responded to a request for comment on the latest lawsuit. It was not possible to contact Bogolyubov's representatives. However, he had not previously commented on this topic.

США обвинили украинского олигарха в отмывании денег через кипрский офис Приват Банка

The US Department of Justice claims that both oligarchs used funds laundered through the Cyprus branch of PrivatBank to purchase commercial real estate in Ohio, and demand to confiscate it.

According to the US prosecutor's office, in 2008-2016, the partners "received fraudulent loans and credit lines, part of the proceeds from which they laundered through the accounts of shell companies in the Cyprus office of PrivatBank, before transferring money to the United States."

In general, according to the US Department of Justice, real estate purchased by Ukrainian millionaires in three US states is estimated at more than $60 million.

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