Mogilevich’s Inkombank collapses after years of money laundering

The Trump Timeline

Sources linked at end of page.


Related Topics

Inkombank, which Mogilevich took over in 1994, has its license revoked by the Russian Central Bank. Inkombank’s failure is at first attributed to poor management decisions during the Russian financial crisis, but it is later tied to possibly the largest money laundering scheme in Russian history at the time.

In May 2001, a member of Inkombank testified in Moscow that Inkombank management secretly removed around $1 billion from the bank’s assets.

Inkombank was the largest commercial partnership of the Bank of New York, and management of both banks frequently traveled between New York City and Moscow.


Get More Trump Secrets in Your Inbox

Support The Site

Donald Trump was not the first criminal elected to public office, and he won’t be the last. It’s up to US to hold them accountable. is a free resource tracking long-term immorality, lawbreaking, and corruption by Donald Trump and allies in and out of Congress. Your contribution today helps us keep the website free to the public AND hire new researchers to continue this important work.

Click below to be redirected to ActBlue.


Related Topics

Also On Trump File