Tigard Man Accused Of $172 Million In Illegal Wire Transfers

By April Baer | March 3, 2010 5:38 p.m. | Updated: June 16, 2010 11:56 p.m. | Portland, OR

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Federal prosecutors say that a Tigard man moved $172 million dollars using illicit wire transfers. According to an indictment filed Tuesday, Victor Kaganov came to the United States from Russia in 1998.Prosecutor Allan Garten says Kaganov was using several banks to make more than four-thousand wire transfers.  Authorities say Kaganov had customers in fifty countries. The government’s filing  maintains Kaganov did not apply for a license as a money transferring agent. But Garten says no one knows what the money was for.Allan Garten: “That’s the problem with these kinds of operations, they use shell corporations, and the source of the money and the ultimate dispoition of the money is simply unknown.”Kaganov made an initial appearance in court today.  He was appointed an attorney.

© 2010 OPB

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