Ex-Trump Associate Felix Sater Loses Money-Laundering Trial (2)

Felix Sater, the Moscow-born deal maker who was once part of Donald Trump’s inner circle, lost a civil trial in which he was accused of helping a wealthy Kazakh man launder millions of dollars through US real estate including condos at the Trump SoHo tower.

A federal jury in Manhattan issued the verdict Wednesday in favor of the city of Almaty, Kazakhstan, and one of the country’s biggest lenders, BTA Bank, awarding more than $32 million in damages, including interest, according to the lawyer for the plaintiffs, Matthew L. Schwartz of Boies Schiller Flexner LLP.

Felix Sater

Photographer: Andrew Harrer/Bloomberg