The Russian oligarch’s guide: How to hide $20M in a New York skyscraper

A former banana importer, a fraudster deported from the United States and the co-owner of a major Russian telecommunications company. Sergei Adoniev is all of the above. And more recently, the Russian oligarch and another wealthy telecommunications magnate, Albert Avdolyan, became investors in Manhattan’s future second-tallest skyscraper, 111 West 57th Street, a supertall condominium project built for the world’s ultra-wealthy. The $21 million investment, disguised behind a series of frontmen, shell companies and promissory notes, […]

source https://therealdeal.com/2018/12/20/the-russian-oligarchs-guide-how-to-hide-20m-in-a-manhattan-skyscraper/