FORMER NEW YORK (USA) REAL ESTATE DEVELOPER SENTENCED IN ABSENTIA BY MOSCOW (RUSSIA) COURT TO 11 YEARS IN PRISON for embezzling almost $200 million from Russian government coffers
ABOVE + BELOW – Janna Bullock
BELOW – Alexey Kuznetsov
Janna Bullock, the New York developer who made her career flipping houses mostly in the Upper East Side, has been found guilty by a Moscow court of embezzling almost $200 million from Russian government coffers, according to the New York Post. She’s been sentenced in absentia to 11 years in prison.
The case began in 2012 — after Bullock and Alexey Kuznetsov, her then-husband former finance minister of the Moscow region, fled Russia — when state-owned bank, Gazprombank, filed a lawsuit against Bullock in Cyprus, which eventually made its way into U.S. courts after she refused to cooperate. In the U.S., agents from Brown Harris Stevens were subpoenaed for information on Bullock and the mansions she was selling at the time in the Hamptons.
Bullock has denied wrongdoing claiming in a 2014 document obtained by The Real Deal that she is a “target of wrongful Russian corporate raiding.” To date, American authorities have rejected Russia’s request to extradite Bullock.
In 2012, Bullock, who had been a developer in Russia, told The New York Times her real estate fortune was worth $2 billion, however subsequent reports of foreclosures on her properties and a lawsuit leveled against her by a Palm Beach socialite Gina DiSabatino over missing art threw her career into question; however the Post reports she recently sold her Southampton estate (which The Real Dealreported was on the market in 2014) for nearly $30 million — double its 2005 price.
Bullock’s ex-husband was extradited to Russia last year from France.
BACKGROUND: New York socialite wanted in Russia is sentenced to 11 years in prison for ’embezzling more than $194million’ – but will she leave New York?
Janna Bullock, 49, has been sentenced in absentia to 11 years in Russian prison
- Janna Bullock, 49, has been sentenced in absentia to 11 years in a Russian jail
- Allegedly embezzled more than $194million from the Moscow treasury
- It is not clear if Bullock will ever leave the States and serve her sentence
- The Russian government has already seized some of her properties and cars
- Source says she still lives an exquisite life throwing parties at her $30million Hampton’s mansion
A New York socialite has been sentenced in absentia to 11 years in a Russian jail for allegedly embezzling more than 11billion rubles ($194million) from the Moscow treasury.
US citizen Janna Bullock, 49, and her ex-husband Kuznetsov, as well as accused accomplices, allegedly fraudulently moved regional funds to offshore firms to finance an extravagant lifestyle.
However it is not clear if she will serve her sentence because the U.S. and Russia have no extradition agreement, as seen in high-profile cases including that of NSA contractor Edward Snowden who left America in 2013.
If she visits any of her lavish properties abroad, however, she may be extradited or held in agreement with the Russian government – just as France has done in holding her ex-husband Kuznetsov since 2013.
But already some of her estates have been seized by the Russian government to repay the material damage it claims she has caused.
Her seized properties include hotels Crystal and Pralong in France, an apartment in Paris, two apartments in Switzerland, a villa in Saint-Tropez, and fine art spanning 27 paintings and eight sculptures.
Her extensive car collection has also been seized and includes 10 Rolls-Royce, Mercedes and Bentley cars, as well as a motor yacht.
Bullock, 49, and her ex-husband Kuznetsov, as well as claimed accomplices, allegedly fraudulently moved regional funds to offshore firms to finance an extravagant lifestyle
Bullock, left, with daughter Eugenia Bullock, center, has already had properties and cars seized outside the US
Bullock grew up in the Belarusian town of Pinsk and went on to St.Petersburg where she taught Russian literature but her life changed when she emigrated to the US in 1990 and settled in the Russian enclave of Brighton Beach in Brooklyn.
In New York she worked as a paralegal in the office of an immigration lawyer and soon after met Kuznetsov.
She then started to work in the real estate business and went on to flip mansions and luxurious properties in Manhattan.
Bullock also worked as an art dealer and sat on the board of the Guggenheim from 2007 to 2010.
She lived a jet-set lifestyle running her hotels in France that became a hub for Russia’s elite.
She also launched a real-estate development company in Moscow that conducted substantial business with the Moscow Oblast government, whose finances were teetering at the time Bullock and Kuznetsov left Russia in 2008, according to RadioFreeEurope.
Bullock (second left) smiles with daughter Zoe (right), her husband Towson Remmel (second right) and their young children in 2012
Bullock’s younger daughter Eugenia, 21, poses with boyfriend in sparkling gold dress
Bullock has been married four times. A source close to her tells Dailymail.com that Bullock still lives an exquisite life throwing parties at her $30million Hampton’s mansion.
The source says that Bullock hired publicists to legitimize her stance in American society as an art dealer and realtor.
She has been most recently romantically connected to skin care mogul Peter Thomas Roth.
She has two adult daughters Zoe Remmel, 28, and Eugenia Bullock, 21. Remmel made headlines in 2008 for her extravagant and expensive wedding to Towson Remmel with whom she has two children.
Eugenia is enrolled at the University of Pennsylvania where she studies Politics, Philosophy and Economics; Russian and Eastern European Studies.
The source says she now lives travelling between Miami and New York City.\
ABOVE – Her French Alpes Hotel Pralong is a hot destination for Russian elite to ski
BELOW -The Crystal Hotel is her second hotel also in Paris, that was seized by Russian authority
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