Missing Money

<p>The Ninth Circuit <strong><a href="http://www.courthousenews.com/wp-content/uploads/2020/04/missingmoney.pdf">affirmed</a></strong> the dismissal of a racketeering action brought by the City of Almaty, Kazakhstan, which claimed that its ex-mayor and his family schemed to defraud it of millions of dollars and laundered the money into property and other investments in the United States. </p>

SAN FRANCISCO — The Ninth Circuit affirmed the dismissal of a racketeering action brought by the city of Almaty, Kazakhstan, which claimed that its ex-mayor and his family schemed to defraud it of millions of dollars and laundered the money into property and other investments in the United States.

The city failed to state a RICO claim, because its “voluntary expenditures in the U.S.” to trace its money were not “proximately caused by defendants alleged acts of money laundering."

Categories / Appeals, Financial, Government, International

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