IPOC
<font size="4" face="Times New Roman">=</font><div><p style="margin: 0.5em 0px; font-size: small; line-height: inherit;"><font size="4" face="Times New Roman" style=""><a rel="nofollow" class="external text" href="http://www.businessweek.com/magazine/content/07_09/b4023070.htm" data:image="data:image" svg="svg" xml="xml" csvg="Csvg" width="%2212%22" height="%2212%22%3E" cpath="Cpath" fill="%22%23fff%22" stroke="%22%2336c%22" d="%22M9.995" h5.982v10.5h1.5z="h5.982V10.5H1.5z" e="E" h11v5.39l9.427="H11v5.39L9.427" l-1.31-1.31l5.393="l-1.31-1.31L5.393" l-2.69-2.688="l-2.69-2.688" l4.2="L4.2" z="z" l.022="l.022" l8.2="L8.2" l2.882-2.88-1.85-1.852z="l2.882-2.88-1.85-1.852z" c="C" padding-right="padding-right" px="px" style="background: linear-gradient(transparent, transparent) right center no-repeat, url(""); text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none;" xmlns="%22http://www.w3.org/2000/svg%22" xmlns:data="data">Business Week</a><span style="background-color: rgb(255, 255, 255);">] reported how KPMG the accounting giant was infiltrated by Diligence in 2005</span><span style="background-color: rgb(255, 255, 102);">. <a href="https://wikispooks.com/w/index.php?title=Barbour_Griffith_%26_Rogers&action=edit&redlink=1" class="new" title="Barbour Griffith & Rogers (page does not exist)" style="background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none;">Barbour Griffith & Rogers</a>, one of the most formidable lobbying firms in Washington, represented a Russian conglomerate whose archrival, IPOC International Growth Fund Ltd., was being audited by KPMG's Bermuda office</span><span style="background-color: rgb(255, 255, 255);">. Day posed fraudulently as an MI5 agent and got an accountant to drop off inside information. Business Week adds this (note the mention of Alfa):</span></font></p><blockquote style="font-size: small; background-color: rgb(230, 238, 255); border: 1pt solid rgb(173, 199, 230); padding: 13.2344px;"><p style="margin: 0.5em 0px; line-height: inherit;"><font size="4" face="Times New Roman">"From the start, Diligence's goal was clear, if far from simple: Infiltrate KPMG to obtain advance information about the audit of IPOC, an investment fund based in Bermuda. <b>Russian conglomerate Alfa Group Consortium hired Barbour Griffith & Rogers through a subsidiary, and the lobbying firm in turn hired Diligence. Alfa is dueling with IPOC for a large stake in the Russian telecom company MegaFon.</b> "We have a good chance of success on this project," Day wrote in an internal Diligence memo, referring to the Bermuda espionage effort. The memo, which BusinessWeek reviewed, added: "We are doing it in a way which gives plausible deniability, and therefore virtually no chance of discovery." Similar Diligence operations, the memo noted, had been successful before."</font></p></blockquote><p style="margin: 0.5em 0px; font-size: small; background-color: rgb(255, 255, 255); line-height: inherit;"><font size="4" face="Times New Roman"><a href="https://wikispooks.com/wiki/Richard_Burt" title="Richard Burt" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; background: none;">Richard Burt</a> of Diligence's Advisory board is als<span style="background-color: rgb(255, 255, 102);">o <a href="https://wikispooks.com/w/index.php?title=Alfa_Bank&action=edit&redlink=1" class="new" title="Alfa Bank (page does not exist)" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Alfa Bank</a>'s Senior Advisory Board in Moscow and as International Director of Barbour, Griffith and Rogers (who share Diligence's offices). On IPOC itself: one reader response in Businessweek states: "Try "googling" this: "IPOC" + "Leonid Reiman" + "Money Laundering". Nearly 300 hits."</span></font></p><p style="margin: 0.5em 0px; font-size: small; line-height: inherit; background-color: rgb(255, 255, 255);"><font size="4" face="Times New Roman"><b>In 2005, KPMG <a href="https://wikispooks.com/w/index.php?title=Financial_Advisory_Services&action=edit&redlink=1" class="new" title="" style="text-decoration-line: none; color: rgb(0, 51, 153); outline: none; background: none;">Financial Advisory Services</a> sued Diligence for fraud and unjust enrichment </b>in U.S. District Court in Washington. On June 20, 2006, the case settled. <i><a href="https://wikispooks.com/w/index.php?title=Business_Week&action=edit&redlink=1" class="new" title="Business Week (page does not exist)" style="text-decoration-line: none; font-weight: bold; color: rgb(0, 51, 153); outline: none; background: none;">Business Week</a></i> reports that Diligence paid KPMG $1.7 million, and IPOC sued both Diligence and Barbour Griffith & Rogers in the same District Court, alleging civil conspiracy, unjust enrichment, and other misdeeds</font></p><div><font size="4" face="Times New Roman">
</font></div><div><font size="4" face="Times New Roman">=</font></div><div><font size="4" face="Times New Roman">...Case Summary:
As part of their 2008 conviction in the British Virgin Islands, IPOC International Growth Fund
Limited (Bermuda) and three associated companies were In May 2006, an international
arbitration tribunal in Zurich "found that Minister Reiman of the Russian Government was the
beneficial owner of IPOC [International Growth Fund Limited (Bermuda)] and that he
committed criminal acts under Russian law." (Source: as cited by the British Virgin Islands
Court of Appeal, 18 June 2008, Civil Appeal No. 30 of 2006, in IPOC International Growth
Fund Limited (Bermuda) v. LV Finance Group Limited (British Virgin Islands)). IPOC and its
associated corporate vehicles formed in Bermuda and BVI were the subject of a lengthy joint
investigation by those jurisdictions for alleged money laundering activities. In 2008, IPOC and
three associated international business companies formed in BVI (Lapal Limited, Albany
Invest Limited, and Mercury Import Limited) pleaded guilty and were each convicted of two
counts of perverting the course of justice and furnishing false information, in violation of the
BVI Criminal Code. (Source: Judgement in AG v. IPOC International Growth Fund Limited,
Jeffrey Galmond, and others, Claim No. BVIHCV2007/0088, British Virgin Islands High Court
of Justice (civil) and In the Matter of the Proceeds of Criminal Conduct Act (No. 5 of 1997) of
the Laws of the Virgin Islands, between The Queen v. IPOC International Growth Fund
Limited and others, Crim Case No. 12 of 2008, British Virgin Islands, High Court of Justice
(criminal jurisdiction).
Disposition of Criminal Case(s):
According to a 2008 judgment by the British Virgin Islands High Court of Justice, the IPOC
International Growth Fund and three associated international business companies formed in
BVI (Lapal Limited, Albany Invest Limited, and Mercury Import Limited) pleaded guilty and
were each convicted of two counts of perverting the course of justice and furnishing false
information, in violation of the BVI Criminal Code. (Source: Judgement in AG v. IPOC
International Growth Fund Limited, Jeffrey Galmond, and others, Claim No.
BVIHCV2007/0088, British Virgin Islands High Court of Justice (civil) and In the Matter of the
Proceeds of Criminal Conduct Act (No. 5 of 1997) of the Laws of the Virgin Islands, between
The Queen v. IPOC International Growth Fund Limited and others, Crim Case No. 12 of 2008,
British Virgin Islands, High Court of Justice (criminal jurisdiction).</font></div><div><font size="4" face="Times New Roman">...</font></div><div><font size="4" face="Times New Roman">==</font></div></div>