Victor Lipukhin, Hiding Assets, Kansas 2023
Grimy Times
Victor Lipukhin, formerly a resident of St. Charles, Ill., was indicted yesterday by a federal grand jury in Kansas City, Mo., for attempting to interfere with the administration of the internal revenue laws and filing false tax returns.
The charges relate to Lipukhin hiding millions of dollars in several Swiss bank accounts held at UBS AG.
Lipukhin, a Russian citizen and former lawful permanent U.S. resident, kept between approximately $4,000,000 and $7,500,000 in assets in two bank accounts with UBS in Switzerland from at least 2002 through 2007.
Lipukhin’s scheme involved opening a UBS bank account in the name of Old Orchard, a sham Bahamian entity, in 2002, and another account at UBS in Switzerland in the name of Lone Star, another sham Bahamian entity.
The indictment alleges that Lipukhin utilized fictitious mortgages through an entity called Dapaul Management to conceal his purchase of real estate in the United States with funds from the UBS accounts.
He faces a potential maximum sentence of three years imprisonment on each count.
U.S. citizens and permanent residents are required to report income from any source on their tax returns, regardless of whether the source of the income is inside or outside the United States.
Assistant Attorney General Kathleen Keneally commended the agents from IRS –Criminal Investigation who investigated the case and Trial Attorney Timothy J. Stockwell of the Tax Division, who is prosecuting the case.
Mandatory Facts: Defendant: Victor Lipukhin, Crime: Attempting to interfere with the administration of the internal revenue laws and filing false tax returns, City and State: Kansas City, Mo., Kansas, Date: Yesterday, Sentence: Potential maximum sentence of three years imprisonment on each count, Dollar Amounts: $4,000,000 to $7,500,000, Real Estate: $900,000 at 18 N. Fourth St, St. Charles, Ill.
Key Facts
- State: Kansas
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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