Ukrainian Oligarch Seeks to End $1 Billion Asset Laundering Case

Ukrainian oligarch Oleg Bakhmatyuk asked a federal appeals court to end racketeering litigation over his alleged scheme to launder more than $1 billion through American dummy companies, a few days after he was hit with a worldwide asset freeze by a court presiding over a similar case in Cyprus.

Bakhmatyuk, an agricultural tycoon, launched an appeal to the US Court of Appeals for the Tenth Circuit. The move came about a week after a federal judge in Cheyenne, Wyo., let the lawsuit by a group of investment funds move forward, rejecting his bid to shut it down on jurisdictional grounds. ...