Vadim Mikerin, 56, residing in Maryland, was found guilty of conspiracy to commit money laundering. Mikerin previously served as the president of Tenam Corporation, a subsidiary of Tenex, a Russian provider of uranium enrichment services to nuclear power companies worldwide.
According to an FBI press release, court documents show that between 2004 and October 2014, conspirators agreed to make corrupt payments to influence Mikerin and to secure improper business advantages for U.S. companies that did business with TENEX.
The payments were made from accounts in Maryland to shell accounts in Cyprus, Latvia and Switzerland. Investing.com reports that a shell company was set up in Latvia as well.
As rus.lsm.lv reported, court documents show that Mikerin and other Russian officials received bribes by striking up fictitious agreements for payments to be sent through a labyrinth of secret bank accounts.
According to investigation documents, two payments - one of $25,000, the other of $50,000 - were sent to Latvian ABLV bank accounts in autumn 2011.