(WBAP/KLIF) — The U.S. Justice Department is poised to seize a North Dallas office building in an embezzlement scheme. Government attorneys filed court papers, Thursday, alleging that the Dallas property and a Louisville, Kentucky, high rise were both purchased to launder money defrauded from a Ukrainian bank.
The two buildings are estimated to be worth $70-million and include the 20-acre former Electronic Data Systems headquarters on forest lane west of Highway 75. Two owners of a Ukrainian bank are under investigation for laundering millions of dollars in the city of Dallas.
The eight-story building on Forest Lane in North Dallas is believed to be purchased with embezzled money from ‘PrivatBank’
According to the Dallas Morning News, the owners of PrivatBank used the two U.S. real estate purchases to hide embezzled money.
Listen to WBAP/KLIF report:
(Copyright 2020 WBAP/KLIF. All Rights Reserved)
