- Maxim Marchenko, a Russian citizen residing in Hong Kong, has been charged with multiple offenses related to his alleged involvement in a scheme to unlawfully procure U.S.-sourced microelectronics with significant military applications for end users in Russia.
- Marchenko, along with two co-conspirators, operated an illicit procurement network that fraudulently obtained dual-use, military-grade microelectronics, specifically OLED micro displays, from U.S. distributors.
- The conspirators used shell companies in Hong Kong and other deceptive means to conceal the true destination, which was Russia, of the OLED micro-displays from U.S. distributors. They also transshipped the micro-displays through third countries and used Hong Kong-based shell companies to hide payments coming from Russia. The total amount funneled to the U.S. in support of this smuggling operation exceeded $1.6 million.
- Marchenko faces charges of conspiracy to defraud the U.S., money laundering, smuggling goods from the U.S., conspiracy to commit wire fraud, and wire fraud, with penalties ranging from 5 to 20 years in prison. Read More
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