“The owners of those accounts then moved some $1.4 billion through those accounts,” he wrote in the post. “Kaveladze claimed he did all this without knowing for whom he was doing it.”
He called Kaveladze the “poster child of this practice.”
“Based on the example of Kaveladze, who was in a sense the poster child of this practice, and other examples we uncovered over the years, we’ve been trying for decades to end the hidden ownership of American corporations,” he wrote.
Levin also explained that many states in the US — Delaware being a “popular one” — allow people to set up companies without having to disclose ownership, nor were banks required to know the true owner of the account at the time.
Kaveladze’s attorney Scott Balber told CNN’s Erin Burnett on “Outfront” on Tuesday night that what his client did was “absolutely, unequivocally legal.”
“There was never any allegation of him engaged in any criminal activity, was certainly not charged with anything criminal or regulatory, and did absolutely nothing wrong,” he said. “He has never been implicated in any wrongdoing whatsoever.”
Kaveladze is a senior vice president at Crocus Group, the real estate development company run by Azerbaijani-Russian oligarch Aras Agalarov, according to Kaveladze’s LinkedIn. The June 9, 2016 meeting was set up by Rob Goldstone, who acts as a publicist for Agalarov’s son, a musician.
Kaveladze’s identity was confirmed by Balber.
His personal website says he “holds responsibility for multiple elements of the company’s Russian development project.”
Balber said Kaveladze is a long-time US citizen who speaks fluent Russian and has “never had any engagement with the Russian government in any capacity.”