Immoger Fraud Scheme

As Probusinessbank was nearing an ignominious demise in 2015, the owners could no longer be bothered to engage in a convoluted financial chicanery. Instead, they literally began lining their own pockets without restraint. Even though the amounts transferred got smaller, they no longer attempted to launder the money or otherwise sugarcoat the heist.

In Germany, Dmitry Zakharov, a Probusinessbank employee, set up Prim Holding GmbH. We have a copy of the informational letter proving the company was custom-founded for Alexander Zheleznyak.

Prim Holding, in turn, owned a subsidiary shell company: Immoger Group GmbH.

On Mar. 15, 2015, Probusinessbank entered into a loan agreement with Immoger. But sure enough, the bank could not grant a loan to that shell outfit without any collateral to secure it. Otherwise, the transaction would have been flagged by the bank’s internal control. Hence the two supplementary agreements naming two individuals as the loan guarantors.

On Mar. 24, Immoger received a €4M loan, which was immediately rerouted to Prim Holding, the Zheleznyak-controlled company.

According to the official records available, merely a week after the transfer, Probusinessbank terminated the collateral agreements, and so, the repayment was no longer guaranteed. Importantly, the termination papers were signed by Zheleznyak as the bank’s chairman of the board. Perhaps none of his underlings dared to take the risk.

Thus, the guarantor loan turned into an unsecured loan issued to Zheleznyak’s company. Simply put, the bank’s money somersaulted straight into his pockets.

Needless to say, Immoger never repaid the loan. On Aug. 7, 2015, the day the temporary administration stepped up, Prim Holding began transferring the funds to the accounts of other companies formally owned by Dmitry Zakharov.