Sezgin Baran Korkmaz arrested in Austria -superseding indictment unsealed

Bye Bye Queen Anne Yacht - Bye Bye 2 Turkish Hotels - Bye Bye 2 Swiss Hotels - Bye Bye scammers trying to live like ballers - the Government is coming after all of your unjust enrichment.

Apologies I decided to un-publish because four newsletters in one day seemed like information overload and I’m only one person - notwithstanding this was a thrilling superseding indictment to read

Per the DOJ-OPA

Korkmaz arrested in Austria on June 19, at the request of the U.S. Department of Justice. This arrest followed a superseding indictment returned by a federal grand jury in Salt Lake City, Utah, on April 28, which was unsealed today. The superseding indictment charged Sezgin Baran Korkmaz with one count of conspiring to commit money laundering, 10 counts of wire fraud, and one count of obstruction of an official proceeding. 

Justice Department @TheJusticeDept

Turkish Businessman Arrested in Austria on Charges that He Allegedly Laundered Over $133 Million in Fraud Proceeds

justice.govTurkish Businessman Arrested in Austria on Charges that He Allegedly Laundered Over $133 Million in Fraud ProceedsA Turkish businessman was arrested in Austria on June 19, at the request of the U.S. Department of Justice. This arrest followed a superseding indictment returned by a federal grand jury in Salt Lake City, Utah, on April 28, which was unsealed today. The superseding indictment charged Sezgin Baran K…

See the Court’s Order granting the Government’s request to unseal the superseding indictment - but remember who else was arrested in Austria - “amore mio” - Firtash - so it’s hard to predict who will be extradited back to America but if you’re asking me - I’m going with SEZGIN BARAN KORKMAZ - because he’s not as rich as Firtash <—who was also sanctioned by Ukraine last week and lost his $250+M case - plus I just can’t quit Firtash he’s my favorite pet project - at any rate let’s drill down on KORKMAZ - you greedy filthy MoFo.

According to the recently unsealed superseding indictment (or a highlighted and annotated copy can be found via my public drive ) ¹ ²

• Korkmaz laundered over $133 million in fraud proceeds through bank accounts that he controlled in Turkey and Luxembourg.
  

• The proceeds allegedly related to a scheme by Jacob Kingston, Isaiah Kingston, and Levon Termendzhyan to defraud the U.S. Treasury by filing false claims for over $1 billion in refundable renewable fuel tax credits for the production and sale of biodiesel by their company, Washakie Renewable Energy LLC, in Plymouth, Utah.

So let’s walk through the recently unsealed…

Superseding Indictment as to Defendant KORKMAZ

Count 1 - 18 U.S.C. § 1956(h) -Conspiracy to Commit Money Laundering Offenses

Counts 2 thru 11- 18 U.S.C. § 1343 Wire Fraud

Count 12 -18 U.S.C. § 1512(c)(2) Obstruction of an Official Proceeding,

Korkmaz is alleged to be 100% owner of the following entities, and controlled bank accounts maintained in the names of these entities in the following countries:

• SBK Holding A.S. - Turkey

• Biofarma Ilac San. ve Tic. A.S. ("Biofarma") also known as Bioharma -Turkey

• Isanne S.a.r.l. ³ - Luxembourg

Other Bank Accounts Controlled by Defendant Korkmaz - and these entities are also important to keep in mind because he funneled money in/out of these entities too.

Other Persons and Entities relevant to the Superseding Indictment;

• Jacob Kingston was a resident of Utah and owned 50% of Washakie Renewable Energy, LLC ("Washakie"). He was the chief executive officer of Washakie.

• Isaiah Kingston was a resident of Utah and owned 50% of Washakie. He was the chief financial officer of Washakie.

• Washakie was a limited liability company with corporate offices in Salt Lake City, Utah. As of January 7, 2013, Washakie described itself on its website as "Utah's largest producer of clean burning and sustainable biodiesel." As of November 10, 2013, Washakie described itself on its website as "the largest producer of biodiesel and chemicals in the intermountain west."

• United Fuel Supply

• Levon Termendzhyan, also known as Lev Aslan Dermen (previously found guilty in March 2020)

  • Noil Energy Group Inc., a corporation with offices in California ("Noil Energy Group");

  • Speedy Lion Renewable Fuel Investments LLC (formerly Speedy Lion Renewable Fuel Investments Inc.) ("Speedy Lion"); and

  • G.T. Energy LLC ("G.T. Energy").

• SBK Holdings, Inc., later SBK Holdings USA, Inc. ("SBK Holdings USA"), was a corporation formed in California in December 2013 initially owned by Levon Termcndzhyan and Jacob Kingston. Levon Termendzhyan controlled —SBK Holdings USA's bank accounts and became the sole owner of the entity in or around September 2014.

Look I’m not going to try and chase down my Twitter Threads from Jan 2019 thru March 2020 - so you’ll have to take my word for it - I researched the ___ out of this over a year ago but it’s important to remember that a Jury Found the Kingston’s business partner guilty

• doc_439_jacob_kingston_plea_agreement. ⁴

• doc_442_rachel_kingston_plea_agreement.

• doc_445_isaiah_kingston_plea_agreement.

• doc_450_sally_kingston_plea_agreement.

On March 19, 2020 a Jury found Lev Aslan Dermen, aka Levon Termendzhyan, guilty of criminal charges relating to a $1 billion renewable fuel tax credit fraud scheme…

According to evidence presented at a seven-week trial, Dermen was the owner and operator of Noil Energy Group, a California-based fuel company; SBK Holdings USA, a Beverly Hills real estate investment company; and Viscon International, a Nevada fuel additive corporation.  From 2010 to 2016, Dermen conspired with the owners and operators of Washakie Renewable Energy (Washakie), a Utah-based biodiesel company, including its Chief Executive Officer Jacob Kingston, his brother, Chief Financial Officer Isaiah Kingston, and others, including their mother, Rachel Kingston, and Jacob Kingston’s wife, Sally, to fraudulently claim more than $1 billion in renewable fuel tax credits from the IRS

Back to the superseding indictment

Because nothing says Fraud like - yo “we have this thing, it’s golden like the golden ticket” but first you’ll need to make sure your entire family - like mommy and wifey are on board.

And before you come at me —at the time I took a lot of shit for calling out some QANON-for-the-Left on Twitter for saying “show me where Jack Kingston is involved” to wit that caused a bit of a riff but I don’t do insane conspiracy theories -no I like to stay strictly with the facts in the public docket -and no I’m not going to waste my time to prove my Twitter research was on the money —it’s an exercise in futility

Setting aside that Korkmaz was STILL engaging in the unjust enrichment after the DOJ rolled up the Kingston’s - do you see what I underlined —I have an idea of who the co-conspirator is (and NOPE it’s not one of the Kingston’s) —it’s these little details that most overlook - but here I am saying “yo - pay attention this is important”

March 2013, and continuing at least through in or about December 2020…. Levon Termendzhyan, a co-conspirator not named as a defendant herein, to commit offenses against the United States

I mean the audacity is just beyond reasonable and pushing the boundaries of are you bleeping kidding me - frauds gotta fraud and grifters gotta grift but once the IRS-CI is on the scent - you are forked, bigly forked - rhetorical question: if you solicit funds (under false pretenses) and you fail to file your individual tax returns and fail to disclose your income - that’s not at all criminal or illegal right? Especially if you portend to be some “bad ass” patriot on Twitter because you are not employable…asking for a friend or two..

…transferring Fraud Proceeds to bank accounts in Turkey and Luxembourg, they transferred, and caused to be transferred, Fraud Proceeds back to the United States to bank accounts in Los Angeles that were controlled by Levon Termendzhyan….

…used bank accounts located in Turkey, including accounts in the names of Biofarma and Alptekin Yilmaz, to transfer Fraud Proceeds for the purpose of concealing and disguising the true nature and source of the funds being transferred.

Wait so that’s a LOT of funds and transactions - and any time the Government creates a “table” you are oh so screwed - paper criminal cases made of almost entirely of paper - super prosecutorial slam dunks - paper has no emotion - we’ve talked about why criminal cases that are predominately on paper are super fun to watch…

…at least 30 transfers totaling $301,315,477

They transferred, and caused to be transferred, Fraud Proceeds from bank accounts in the United States to bank accounts in Turkey and Luxembourg, and from bank accounts in Turkey and Luxembourg to bank accounts in the United States, including at least 30 transfers totaling $301,315,477 on the dates and in the amounts set forth in the table below between the listed sender and recipient:

GULP - down to the penny and probably second…

oh come on - they were just diversifying their portfolios - with ill-gotten largesse

No really damn these crooks

They used Fraud Proceeds to invest in various companies, including 1) pharmaceutical companies in Turkey called Biofarma and Munir Sahin; 2) technology companies in Turkey called Servus, which later became Setap, and even later Blane; …

…management company in Turkey called Mega Varlik; 4) holding companies in Turkey called Bukombin and Bugaraj, which were used to acquire a Turkish airline called Borajet; and 5) an aviation company in Turkey named Aydin Jet, which later was changed to SBK Air.

Used ill gotten largesse to purchase Real Property;

• hotel in Turkey

• a hospital in Turkey

• two hotels in Switzerland

• a yacht named the Queen Anne (not a 100% sure it’s the same)

• an airline,

• a jet, and

• a villa and an apartment on the Bosphorus in Istanbul, Turkey.

WTFINGF...unnamed government officials code-named the "grandfather" and "grandpa,"

obtaining money and property from Jacob Kingston and Isaiah Kingston by means of false and fraudulent pretenses, representations, and promises, to wit, a scheme to defraud Jacob Kingston and Isaiah Kingston by falsely representing that Defendant KORKMAZ, through unnamed government officials code-named the "grandfather" and "grandpa," could provide Jacob Kingston and Isaiah Kingston protection from a federal grand jury investigation, as well as civil lawsuits against Washakie, and for the purpose of executing such scheme and artifice and attempting so to do…

LOLs - oh god they have the text messages

Just when you think this case can’t get anymore fantastic - holy shittlestix- oh yes it can….

Whereby the Government collated the text messages to actual wire transfers - oh dear - Defendant KORKMAZ is so screwed and I kind of like it - a lot.

Oh. Dear… Count 12 - the Government alleges that Defendant KORKMAZ lied to the US Attorney’s Office, IRS-CI and the EPA - they have you on the record lying your face off - for example

…KORMAZ falsely stated that Jacob Kingston never told KORKMAZ that Kingston was under criminal investigation.

KORKMAZ falsely stated that he sent funds from Komak in Turkey to the United States because Jacob Kingston called him and told him that they found cheaper machinery in the United States and, therefore, Kingston wanted KORKMAZ to send the money back to the United States…

Based on the superseding indictment - it’s clear that Defendant KORKMAZ repeatedly and materially lied to investigators - yikes

NOTICE OF INTENT TO SEEK FORFEITURE - this is great

The Government is going for the whole enchilada and this delights the fig newtons outta me…

Any and all investments made using proceeds, and any gains from those investments, including investments in Biofarma Ilac San. ve Ticaret A.S., Blane Teknoloji…Sistemleri Sanayi ve Ticaret A.S. (formerly known as Servus and as Setap Teknoloji Sistemleri Sanayi ve Ticaret A.S.), Mega Varlik Yonetim A.S., including investments by SBK Holding A.S. in Turkey;

Here I went ahead and uploaded the newly unsealed superseding indictment or you can pay for it https://ecf.utd.uscourts.gov/doc1/18305324570

- Filey

1. Superseding Indictment as to Defendant Korkmaz - https://ecf.utd.uscourts.gov/doc1/18305324570?

2. Government Motion to unseal the April 28, 2021 Superseding indictment https://ecf.utd.uscourts.gov/doc1/18315375694

3. In February of 2019 a federal lawsuit was filed in the NDCA- styled as: Yalcin Ayasli v. Sezgin Baran Korkmaz NDCA Case No: 2:20-cv-09388 - I’m https://ecf.cacd.uscourts.gov/doc1/031034162939 - trust me on this - there’s a lot there there

4. https://jacobkingston-blog.tumblr.com/post/161408436404/biodiesel-advocate-groups-ask-epa-to-loosen/amp - fucker I’ve been on you since late 2016 - took a plea because you scammed the Government -also archived his tumbler account

Jacob Kingston @JacobKingstonUT

Just setting up my Twitter. #myfirstTweet