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Bipartisan Senate Report Claims
Russian Oligarchs Use High-Value Art to
Launder Millions, Evade US Sanctions

Original Article

Posted By: MissMolly, 7/30/2020 4:50:23 AM

Russian oligarchs have bought and sold millions of dollars worth of artworks to evade economic sanctions the United States imposed in the wake of Russia’s 2014 invasion of the Ukraine and illegal annexation of Crimea, according to a bipartisan Senate investigation made public Wednesday. The report by the permanent-investigations subcommittee of the Senate Committee on Homeland Security and Governmental Affairs Committee found more than $130 million going to Russia after being generated through high-value art sales and other transactions in the U.S.

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Reply 1 - Posted by: WhamDBambam 7/30/2020 6:48:19 AM (No. 494389)
I just wonder how many of our Senators were in on it.
3 people like this.

Reply 2 - Posted by: RU4us 7/30/2020 8:48:20 AM (No. 494479)
I understand the Clintons have put their "Elvis in Dayglo on Black Velvet" on the market.
2 people like this.

Reply 3 - Posted by: petrichor 7/30/2020 9:03:19 AM (No. 494508)
There is no easier way to launder money than through art.
4 people like this.

Reply 4 - Posted by: bpl40 7/30/2020 9:08:56 AM (No. 494513)
Yes. But what does this have to do with Donald Trump's campaign and election as President? And furthermore with the subsequent creation of the Mueller witch hunt??
1 person likes this.

Reply 5 - Posted by: cor-vet 7/30/2020 9:48:25 AM (No. 494558)
They remind me of the joke, "I don't suffer from ADT because........oh look a chicken!" Anything's more important than the riots, sleepy Joe and their complete lack of interest in what's happening in the country.
0 people like this.

Reply 6 - Posted by: udanja99 7/30/2020 9:50:45 AM (No. 494564)
This sounds like a Daniel Silva novel.
0 people like this.

Reply 7 - Posted by: LadyVet 7/30/2020 10:26:10 AM (No. 494608)
Anyone ever watch that Netflix series Lilihammer that was spun off from The Sapranos? Some of the most hilarious parts was when the mobster laundered ill-gotten funds through an "art gallery" and hung several million on the wall instead of depositing it in the bank. Comments on the artwork injected a lot of humor into the series. Then there are the art galleries depicted in the movies, like Eddie Murphy's Hollywood Cop. And the Robert Redford movie with the money laundering art gallery. I don't think there are many creative minds in Hollywood. Those screenwriters must have based those stories on real stuff that arose from the drug culture that surrounds the movie industry. Then take a look at the "art," and you know there has to be some nefarious reason people would pay big bucks for such stuff.
2 people like this.

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