Sezgin Baran Korkmaz is charged with laundering stolen U.S. government money for the convicted brothers and shaking them down with promises of CIA protection.
As a billion-dollar biofuel scam in Utah began unraveling around brothers Jacob and Isaiah Kingston, they turned to a Turkish businessman who had allegedly been laundering their money for help.
All the Kingstons needed to do was wire Korkmaz millions of dollars to make a federal grand jury investigation go away, prosecutors said. Whether Korkmaz worked for the CIA or had any relationship with the agency is unclear. The CIA declined to comment. Korkmaz’s attorneys didn’t respond to messages seeking comment.
The Kingstons pleaded guilty in 2019 to charges of conspiracy, fraud and money laundering and Temdendzhyan was convicted at trial in 2020. All three men await sentencing. The trio were charged with using the proceeds to buy a gold Ferrari, a $1.8 million Bugatti sports car, a stake in a casino in Belize and numerous businesses, luxury properties and hotels in Turkey and Switzerland.
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