- According to the indictment, the scheme began in 2013. Derkach and an unnamed co-conspirator concocted a plot to purchase and mantain two luxury condominiums in Beverly Hills.
- To hide his interest in the properties, the oligarch used a corporate nominee — a company that holds assets in place of an individual — a multi-level complex of shell companies based in California, and several accounts with American banks and brokerages.
- Derkach then wired nearly $4 million to the nominee corporation from Latvian and Swiss bank accounts that belonged to companies registered in the British Virgin Islands.
