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Mar 16, 2020

Lev Dermen is Found Guilty of Money Laundering

Lev Dermen

Earlier today in a Utah court, a jury convicted Lev Aslan Dermen of conspiracy and money laundering. Dermen, as we have been reporting, was accused of defrauding the U.S. government of one point one billion dollars in a bio fuel programme.  Dermen, who acquired Belizean nationality under the name Levon Termendzhyan, was convicted of two counts of conspiracy and eight counts of money laundering.  The trial lasted seven weeks, during which the key witness, Jacob Kingston, testified against Dermen saying that Washakie Renewable Energy was used as the vehicle for the fraud. During the early part of the trial, Kingston also presented text exchanges, showing that former minister John Saldivar was receiving tranches of cash from Dermen.  But Dermen still has to face a civil matter to determine which assets he must give up. But that will come later due to the coronavirus pandemic.

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