fridman alfa gp

see alfa bank

Psy-Group and Black Cube

Psy-Group and Black Cube are both defendants in a Canadian lawsuit that is exposing some of the tactics used by both firms. West Face Capital alleged that business rival Catalyst Capital Group hired Psy-Group and Black Cube to defame West Face using shady methods, including sting operations and online disinformation campaigns, after West Face won a 2014 bid for telecomm company Wind Mobile. Black Cube and Psy-Group were accused of targeting a judge who had ruled against Catalyst in a dispute with West Face. It is not clear if Black Cube and Psy-Group worked together or if they worked separately on behalf of Catalyst.

On a side note, in the 2014 deal which triggered the lawsuit, Wind Mobile was sold to West Face by a subsidiary of VimpleCom, which was sued unsuccessfully by Catalyst for Canadian $1.3 billion. VimpleCom, renamed Veon, is owned by Mikhail Fridman, the co-founder of Alfa Bank in Russia.

SW 3 26

Epstein’s crimes left a long money trail, and that trail winds back to Russia. Ranking Member of the Finance Committee Ron Wyden has doggedly sought the truth about Epstein’s transactions with Russian banks and eastern European entities. One Suspicious Activity Report filed by JP Morgan Chase after Epstein’s death shows that between 2003 and 2019, Epstein conducted 4,725 wire transactions totaling over $1 billion. And that’s just one bank. Epstein used multiple banks.

According to JP Morgan Chase, the wire activity was flagged for being “consistent with […] alleged sex trafficking of minors” and for involving “the high risk jurisdiction of the Russian Federation.” CNN notes that two accounts included in the Suspicious Activity Report were linked to now-sanctioned Russian banks Alfa Bank and Sberbank. Also named in the Suspicious Activity Reports: Maxwell, associated entities like Brunel’s MC2 Model Management, and various women and girls.

Let’s go back to the journalist Vicky Ward:

“[…] sources, who range from former arms dealers to former spies — and also Hoffenberg — suggest that Epstein, who lacked any sort of moral compass, decided to […] compromise influential people by recording them doing things they wouldn’t want made public.

“[…] And once he got out of jail, in the last 10 years of his life, Epstein bragged to various people, including journalists, that he was advising a whole assortment of foreign leaders who included Vladimir Putin, Mohammed bin Zayed, Mohammed Bin Salman, various African dictators, Israel, the British — and, of course, the Americans.

“He also told several of the same people that he was making a fortune out of arms, drugs, and diamonds.

“He was known in the intelligence world as a ‘hyper-fixer,’ somebody who can go between different cultures and networks.”

Epstein was known for his parties, which he insisted on hosting in his various mansions where he could completely control the environment. Many of Epstein’s victims have said they believe they were recorded. Virginia Giuffre wrote in her posthumous memoir that Epstein had a “huge library of videotapes” and a room in his New York home where monitors displayed real-time surveillance footage from his properties. “He explicitly talked about using me and what I’d been forced to do with certain men as a form of blackmail, so these men would owe him favors,” she wrote.

Another survivor said Epstein once walked her through his mansion, pointing out pin-sized cameras. He boasted that they were in every room.

According to Epstein’s emails, in 2014 he directed a staffer to procure hidden cameras, which were installed in tissue boxes. The New York Times obtained photos of the interior of Epstein’s New York mansion, which show a camera installed near the ceiling of the master bedroom and another along the molding of an adjoining room. The Times also spotted cameras near a suite of bathrooms on the same floor as Epstein’s bedroom. When police searched his Palm Beach home in 2005, they “located two covert (hidden) cameras.” Both cameras were located inside clocks, one by a desk and the other in the garage. It’s worth noting that Epstein often seemed to get tipped off in advance as to when the Palm Beach Police would be dropping by.

Epstein is said to have once told an ex-girlfriend, “I collect people, I own people, I can damage people.”

The disgraced financier Hoffenberg allegedly claimed to the National Enquirer in a final account before his death that, “Wherever Epstein was entertaining he [and Ghislaine] were taping.” That report was only released last summer, as Hoffenberg had asked the Enquirer not to publish his comments until three years after his death.

According to The Daily Beast, the former US Attorney for the Southern District of Florida, Alex Acosta, is once said to have claimed Epstein “belonged to intelligence” and that the decision to let him off easy in 2008 was made above his “pay grade.”

The Prime Minister of Poland, a country that has extensive experience with Russian intelligence operations, has opened an investigation into potential links between Epstein and Russian intelligence. Prime Minister Tusk said, “More and more leads, more and more information, and more and more commentary in the global press all relate to the suspicion that this unprecedented paedophilia scandal was co-organised by Russian intelligence services.”

According to alleged anonymous intelligence sources published in the British tabloid The Daily Mail last month, some believe “Jeffrey Epstein was running ‘the world’s largest honeytrap operation’ on behalf of the KGB when he procured women for his network of associates.”

I want to stress that we don’t have the answers. Epstein was an inveterate liar and criminal who often sought to exaggerate his power and influence, and the files need to be viewed through that lens. He could have been working with an intelligence agency, or several intelligence agencies. He could have just been what the Russians call a “useful idiot.” We may never know.

https://www.motherjones.com/politics/2022/06/how-john-durhams-probe-has-exposed-trumps-russia-con/

no lnx

How John Durham’s Probe Has Exposed Trump’s Russia Con

His three-year investigation has so far shown the only hoax was orchestrated by the former president.

DAVID CORN

Washington, DC, Bureau Chief

Special counsel John Durham leaves federal court in Washington last month.Manuel Balce Ceneta/AP

Donald Trump has bad timing. On Friday, he sent a letter to the Pulitzer Prize Board reiterating his demand that it rescind the awards given to the New York Times and the Washington Post in 2018 for their coverage of the Trump-Russia scandal. (That’s not what he called it.) He based this request on the prosecution of Democratic lawyer Michael Sussmann, who was indicted by special counsel John Durham for allegedly lying to the FBI during aSeptember 2016 meeting when he shared with the bureau computer data research that suggested there might be a connection between a Trump-related business and Alfa Bank, a large Russian financial entity. Trump claimed the Sussmann case showed the “Russia hoax was a dirty campaign trick promulgated by Crooked Hillary Clinton and her associates.” Five days later, the jury, after only several hours of deliberation, acquitted Sussmann. Oops.

unger new republic

As I reported in American Kompromat,Jones Day,the fourth-largest law firm in the land, represented at least 10 major corporations and organizations close to Putin. These included: Oleg Deripaska’s Basic Element; theAlfa Groupand Access-Renova Group, which jointly own billions in oil and gas assets; Alfa Bank, the largest private commercial bank in Russia; Letterone, a $30 billion holding company for assets in technology, oil, and gas;Rosneft,the world’s largest listed oil company; the Sapir Organization, which helped fund Bayrock’s Trump SoHo; and more.

Likewise, Kirkland and Ellis is the biggest law firm in the world, with a star-studded cast of GOP power brokers in its ranks—among them, former Attorney General William Barr; former solicitor general andGOP attack dog Kenneth Starr; Supreme Court Associate Justice Brett Kavanaugh; Viet Dinh, chief legal and policy officer of Fox Corporation, and as such the secret power behind Fox News; and former national security adviser John Bolton, to name but a few. Its most prized Russian clients have includedAlfa Bank,whose key figures, Mikhail Fridmanand Petr Aven, were entirely dependent on Putin for their wealth, and Oleg Deripaska’s En+ Group, the largest producer of aluminum in the world outside of China.

===

https://en.wikipedia.org/wiki/Alfa-Bank

aLFA-BANK JSC (Alfa-Bank),^[4] is the largest of the private banks in Russia.^[5] It was founded in 1990 by Russian businessman Mikhail Fridman, who is still the controlling owner today. Headquartered in Moscow, it operates in seven countries, providing financial services to 22 million active corporate customers and over 1 million active retail clients as of 2021.^[1] Alfa-Bank is particularly active in Russia and Ukraine, ranking among the top 10 largest banks in terms of capital in both countries.^[6][7]

Alfa-Bank has been named Russia's best bank on numerous occasions by financial publications, and was placed 270th in the 2009 edition of The Banker magazine's Top 1000 World Banks.^[8] The bank is known internationally for its Alfa Fellowship Program,^[9] which gives emerging young leaders from around the world the opportunity to gain professional experience in various fields. Alfa-Bank is also well-known in Russia for its social and cultural initiatives, ranging from charity projects to educational programmes, exhibitions, concerts and music festivals. On March 1, 2022, Mikhail Fridman andPyotr Aven left the bank's board of directors^[10] after coming under EU sanctions imposed in response to the 2022 Russian invasion of Ukraine.

History

Timeline:^[11][12]

1990s

1990 – Alfa-Bank founded as a partnership with limited liability by Russian entrepreneur Mikhail Fridman.^[13]
1991 – Licence to banking operations received from Central Bank of Russia and first corporate accounts open.^[14]
1992 – Central Bank grants more licences for broader activities. Alfa-Bank opens first nostro accounts in six foreign banks. First retail branch opens in Moscow.^[15]
1993 – Alfa-Bank becomes a member of Moscow Interbank Currency Exchange.^[16] General license to banking operations received from Central Bank. Alfa-Bank starts dealing in government bonds (GKOs and OFZs).
1994 – Alfa-Bank becomes a member of MasterCard/Europay international credit card system and joins the Society for Worldwide Interbank Financial Telecommunication. Pyotr Aven appointed as bank's president. Alfa-Bank becomes the first Russian bank to open a subsidiary in Almaty, Kazakhstan.
1995 – Euromoney ranks Alfa-Bank third in its category for "Best Russian Banks in 1995". Alfa-Bank joins Factors Chain International. A representative office opens in London, United Kingdom.^[17]
1996 – Alfa-Bank joins Euroclear and Visa International. It becomes one of the three participants in the first Eurobonds issue by Russian government since the October Revolution. Alfa-Bank opens a branch in Nizhniy Novgorod.
1997 – Alfa-Bank draws a $40 million syndicated loan. Euromoney declares Alfa-Bank "The Best Bank in Russia in 1997". First credit ratings received from Moody's and Standard & Poor's (S&P). Alfa-Bank places its first issue of $175 million, 3-year Eurobonds, becoming the first privately owned Russian bank to issue Eurobonds.^[18] Branches in Saint Petersburg and Samara open. The value of total assets passes $1 billion.
1998 – Alfa-Bank is reorganized from a limited liability company into an open joint stock company. Euromoney ranks Alfa-Bank "Best Bank in Russia" for the second consecutive year. Alfa-Bank merges with Alfa Capital, then a sister company of Alfa Group.^[19] A subsidiary bank opens in Novosibirsk, Russia's third most populous city.
1999 – Euromoney and Global Finance name Alfa-Bank "Best Russian Bank" despite the financial crisis. Fourteen new retail branches and offices open across Russia.

2000s

2000 – Alfa-Bank acquires a 76% stake in Kyivinvestbank (later renamed "Alfa-Bank"). The Banker and Global Finance magazine name Alfa-Bank "The Best Russian Bank". Alfa Securities, a broker and a subsidiary, opens in London.
2001 – By the end of first quarter, the bank's loan portfolio reaches $1 billion; Alfa-Bank opens a subsidiary in New York City, Alfa Capital Markets, an NASD (now Financial Industry Regulatory Authority (FINRA)) regulated company set up to provide brokerage and investment services in North and South America. Emerging Markets Investor and Global Finance name it "Best Bank in Russia". Alfa-Bank becomes the 100 percent owner of Amsterdam Trade Bank N.V. and thereby acquires a full banking licence in the European Union.
2002 – Gazprom and Alfa-Bank reach an agreement on strategic partnership. Together with Merrill Lynch, Alfa-Bank wins financial consulting contract from Unified Energy System. Fitch and S&P upgrade their credit rating on Alfa-Bank. Once again Global Finance magazine names Alfa-Bank "Best Russian Bank".
2003 – Unaudited financial statements reveal record high growth in profits in 2002 (the bank's loan portfolio increases 70% to $1.4 billion, assets surge by 51%, while net income rises by more than a third). Alfa-Bank, in partnership with the Lauder Institute of the Wharton School of Business, establishes a new award for "Excellence in Foreign Investment", to be presented to foreign companies operating in Russia for weighty contribution to corporate governance and successful business operations. Alfa-Bank draws an $82 million unsecured syndicated loan, the biggest on record among private banks. S&P, Fitch, and Moody's upgrade Alfa-Bank's rating during the year.
2004 – Alfa-Bank tops the list of financial consultants by deals value, completing $8.9 billion worth of transactions in 2003. Alfa-Bank's loan portfolio grows by 52% year-over-year, reaching $2.8 billion. It wins a $10 million defamation settlement against the Russian newspaper Kommersant, which had published an article on financial difficulties at the bank, which suffered a substantial run on deposits and contributed to a mini banking crisis over the summer.^[20]

Odessa, Ukraine (2012)

2006 – Alfa-Bank completes the country's first securitisation of diversified payment rights with a $350 million deal. Unaudited first quarter management International Financial Reporting Standards figures show total assets breaking the $10 billion mark for the first time in the company's history.
2007 – Alfa-Bank is raided by Russian police in September in connection with the closure of Sodbiznesbank in 2004.^[21] Fitch upgrades Alfa-Bank's rating.^[22]
2008 – Alfa-Bank seeks a $400 million government loan in October.^[23] It distributes 20,000 Aladdin eToken USB smartcard devices to its online customers.^[24] The bank acquires Severnaya Kazna, a major regional bank operating in the Urals region.^[25]
2009 – Fitch downgrades Alfa-Bank's rating.^[26]

2010s

2010 – Alfa-Bank launches a $1 billion 7-year Eurobond.^[27]
2011 – Alfa-Bank seeks to buy Bank of Moscow,^[28] but the sale goes to VTB Bank.
2012 – In cooperation with Euroset, Alfa-Bank launches a loyalty card credit programme.^[29]
2014 – The "Alfa-Amway" Russian loyalty card programme is created when Amway joined with Alfa-Bank.
2016-2017 – It is reported in several media outlets that there had been activity between computer servers belonging to Alfa-Bank and the Trump Organization.^[30][31][32] The FBI investigated the activity in the context of links between Trump associates and Russian officials and concluded that there were no such links^[33] and that there might be "an innocuous explanation, like marketing email or spam".^[34] Through September 2021, U.S. government investigators had been unable to explain the activity, though a 2018 analysis had concluded there were "reasons to doubt that marketing emails were the cause". A Senate report accepted the FBI's assessment that the activity was "unlikely to have been a covert communications channel" but said there was no explanation for this "unusual activity."^[35]

Charity
2017 – In March, Alfa-Bank is the target of Ukrainian protests.^[36]
In July, BuzzFeed News reports that, from December 2014 to the summer of 2017, numerous suspicious money transfers were made between Paul Erickson's accounts, including Wells Fargo Bank accounts, an undisclosed law firm, the NRA,^[a] Jack Abramoff's son Alex and Abramoff's brother Robert's company Landfair Capital Consulting, which was founded in March 2017, and Maria Butina's Alfa-Bank account.^[41] Investigators from Wells Fargo reported these suspicious money transfers to the United States Treasury's Financial Crimes Enforcement Network (FinCEN) and to the FBI.^[41]
In December, Alfa-Bank's wholly owned Dutch subsidiary, Amsterdam Trade Bank, is raided in connection with an investigation into possible money laundering.^[42][43]
2019 - According to IFRS Results for 2019, Alfa-Bank's total comprehensive income amounts to $1.03 billion. The bank's total equity increases to $8.1 billion. At the same time, net profit was only $704 million, almost half of 2018 - due to a radical increase in allowances for loan loss provisions.^[44]

Since 2004, Alfa-Bank has been assisting "Life Line", a charity programme for aiding seriously ill children. Alfa-Bank was the first company to organise a collection of private donations to the foundation.^[45] Since September 2008, bank customers have the opportunity to transfer cash donations to help children with the help of the Alfa-Click Internet Bank or a conventional bank transfer without a bank commission.^[46][47] The bank also cooperates with WWF,^[48] supports most of its initiatives, and also invites its clients to provide financial support to the fund.^[49]

The bank operates a volunteer organization called "Give Kindness". The bank collects humanitarian aid for orphanages, boarding schools and social shelters, and also attracts employees as volunteers. Every year, the bank organizes charity events called "Children's Day", "Help Me Get Ready for School", and "Christmas Miracle".^[50]

Education

Since 1995, the bank has run the "Alfa-Chance" student scholarship programme, which gives school graduates from various regions of Russia the opportunity to receive higher education at leading universities in the country. Since 2008, Alfa-Bank, in cooperation with HSE, has run a programme to provide nominal scholarships to first-year students from Russian regions (except Moscow and St. Petersburg) who have won prizes at All-Russian School Olympiads and the HSE Multi-Profile Olympiad.^[51] In total, the "Alfa-Chance" program involves about 17 higher education institutions. The bank operates the Alfa Fellowship Program, which enables young specialists from the United States, Great Britain and Germany to undergo an internship in Russia.^[52]

Culture

Alfa-Bank plays an active role in developing cultural and educational activities, primarily aimed at supporting national art. On 7 June 2000, the Ministry of Culture of the Russian Federation and Alfa-Bank signed a cooperation agreement, under which the participants agreed to work together to organise joint cultural events and creative projects. Every year, exhibitions and concerts are held with the support of a bank in Russia. In addition, Alfa-Bank participates in the organisation of exhibitions and concerts by Russian cultural figures abroad. For example, on 18 February 2000, a concert by the Moscow Virtuosos Symphony Orchestra conducted by maestro Vladimir Spivakov was held in London. It was the orchestra's first performance in London for 10 years. The presentation was sponsored by Alfa-Bank. Alfa-Bank, together with the Moscow Literary Fund, runs a scholarship support programme for writers, aimed at motivating authors to create new works of literature: prose, poetry, drama, translations, and books for children.^[53]

The bank is also one of the co-founders of the "Big Book" National Literary Award.

Alfa-Bank periodically sponsors or participates in the organisation of concerts by foreign stars in Russia, including Bono(2010), Elton John (1995, 2001 and 2007), Aerosmith (2007), Sting (1996, 2001 and 2006), Whitney Houston (2004), and Paul McCartney (2003 and 2004). Some of the singers invited were performing in Russia for the first time.^{[54][55][56][57]} Alfa-Bank also organises an electronic music and technology festival called Alfa Future People. Headliners have included stars of the world electronic scene such as Paul Oakenfold, Avicii, Skrillex, Pompeya, Tesla Boy, and Infected Mushroom, among others.^[58][59]

In July 2014, Alfa-Bank announced the launch of the City Tours with Alfa social project. The Bank provides financial and organisational support to the country's best museums, as well as tour bureaus supporting the development of city tours in Russia.^[60]

In early 2021, Alfa-Bank hired the Russian rapper Morgenshtern as a "youth director". This was preceded by the appearance of a scandalous video in which the Federal Antimonopoly Service found violations of Russian advertising law. The singer's task was to attract 100,000 young new clients. Some experts see this venture as a reputational risk.^[61] After an administrative case was initiated against Morgenshtern in April 2021 for drug propaganda, Alfa-Bank disavowed previous messages and called them an "advertising stunt".^[62]

Technology

Alfa-Bank has joined forces with MasterCard to launch the production of AlfaPay wristwatches with an integrated debit bank card, based on PayPass technology. Purchases can be made without entering a PIN code or sign. The card shows its number and CVC-code to pay for online purchases.^[63]
Alfa-Bank has developed the Alfa-Touch app. It allows users to create a non-personalised card for one year and pay for purchases using the PayPass system.^[64]
Contactless ATMs have operated in the bank's branches since December 2015. The installation of such ATMs was aimed primarily at improving security (preventing fraudsters from reading magnetic strip data), and also allows quicker interaction with the device.^[65]
Alfa-Bank has cooperated with prostheses manufacturer Motorika to develop bioelectric prostheses with a special mount for a PayPass contactless payment card. This development is aimed at reducing inconveniences for people with disabilities when making purchases. To pay for a product or service, it is sufficient to place the prosthesis near the terminal and confirm the operation with a PIN code if the total exceeds 1,000 rubles. In addition, this prosthesis works with other devices equipped with contactless card readers.^[66]
At the end of 2016, Alfa-Bank's A-Club Private Banking topped the "Best Russian Bank for Millionaires" list compiled by Forbes. It was ranked 4th among non-state Russian banks.^[67]

Protection of business reputation

On 21 January 2014, Alfa-Bank and Mikhail Fridman filed a lawsuit for the protection of their business reputation against the chairman of the Yabloko Party, Sergei Mitrokhin, the editorial staff of the Izvestia newspaper and a correspondent from the newspaper. They considered that statements made by Mitrokhin and Izvestia that "**Aleksei Navalny**is carrying out political orders from the Alfa Group" did not correspond to reality and discredited their business reputation.^[68] However, the court refused to satisfy the company's claim against Mitrokhin.^[69]

Jones Day

In the United States, the Jones Day law firm represents numerous Russian entities, including Alfa-Bank and Alfa Group.^[40]

Sanctions

Main article: 2022 Russian invasion of Ukraine

On February 23, 2022, Russian President Vladimir Putin announced the beginning of military operations in Ukraine, launching an invasion. This prompted countries to impose severe economic sanctions on Russian individuals, companies, and banks in addition to those placed on Russia in response to the 2021-2022 Russo-Ukrainian crisis.

On February 24, 2022, U.S. President Joe Biden announced sanctions on several Russian banks, including Alfa-Bank; the restrictions include "dealings in new debt of greater than 14 days maturity and new equity".^[70] Alfa-Bank's press service made a statement in the Russian press that these sanctions would not affect the bank's operations.^[71]

Notes

...