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BCLP Partner Andrey Spektor was quoted March 18 by Bloomberg concerning the KleptoCapture taskforce, which the Justice Department launched primarily to seize and forfeit Russian oligarchs’ assets. The article discussed the prior kleptocracy initiative, started in 2010 and headed by a sub-unit within the Money Laundering and Asset Recovery Section component of the Department of Justice. It noted Andrey’s experience with that initiative and concluded the article by noting his perspective, based on his work as a former federal prosecutor.  Andrey explained that the latest task force is looking to make an immediate splash: “I’m sure the government’s going to lose some of these cases, but there’s apparently an appetite to spend a lot of money to do this. I expect them to be very aggressive and maybe test the bounds of what the law is right now.”

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