Oct. 22, 2009
Wanted for RICO Conspiracy, mail fraud, money laundering, false filings with the SEC, falsification of books and records and more
Semion Mogilevich is wanted for his alleged participation in a multi-million dollar scheme to defraud thousands of investors in the stock of a public company incorporated in Canada, but headquartered in Newtown, Penn., between 1993 and 1998. The scheme to defraud collapsed in 1998, after thousands of investors lost in excess of $150 million U.S. dollars, and Mogilevich, thought to have funded and authorized the scheme, was indicted in April 2003.
Mogilevich has his primary residence in Moscow, Russia. He is known to utilize a Russian passport, but may also possess Israeli, Ukrainian and Greek passports.