The FBI, in partnership with the U.S. Department of State’s Transnational Organized Crime (TOC) Rewards Program, announced today a reward of up to $5 million for information leading to the arrest and/or conviction of Semion Mogilevich, wanted for his alleged participation in a scheme that defrauded thousands of investors out of more than $150 million.
Mogilevich was federally indicted in the Eastern District of Pennsylvania, Philadelphia, Pennsylvania, in 2002 and 2003. The charges against him include racketeering, securities fraud, wire fraud, mail fraud, and money laundering.
The indictments allege that between 1993 and 1998, Mogilevich headed and controlled the Mogilevich Enterprise, an association which consisted of numerous individuals and a network of companies in more than 20 different countries that orchestrated a sophisticated scheme to defraud investors in stock. The scheme was allegedly funded and authorized by Mogilevich. This complex network of corporations was set up to create the illusion of a profitable international business.
SEMION MOGILEVICH
Fraud by Wire; RICO Conspiracy; Mail Fraud; Money Laundering Conspiracy; Money Laundering; Aiding and Abetting; Securities Fraud; Filing False Registration With the SEC; False Filings With the SEC; Falsification of Books and Records