Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Sunday, June 19, 2022

Oligarch Roman Abramovich transferred the ownership of his $400 million luxury jets to his children the same month Russia invaded Ukraine, FBI alleges

Estate planningAn FBI agent has alleged in court documents that Russian Billionaire, Roman Abramovich, made his children beneficiaries of two trusts, and by shifting legal ownership, the Oligarch has avoided Russian Sanctions by the United States.

The documents were filed in support of an application for a seizure of warrant to illuminate the complicated financial structures utilized in various tax havens. Abramovich has been sanctioned by the UK and EU but has evaded U.S. sanctions at this time.

For more Information:

See Hannah Towey, “Oligarch Roman Abramovich transferred the ownership of his $400 million luxury jets to his children the same month Russia invaded Ukraine, FBI alleges,” Yahoo! News, June 15, 2022.

Special thanks to David S. Luber (Florida Probate Attorney) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2022/06/oligarch-roman-abramovich-transferred-the-ownership-of-his-400-million-luxury-jets-to-his-children-t.html

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