EURO ASIA NEWS INTERNET NEWSPAPER

A former Armenian “mafia” leader was sentenced to forty years in prison Friday for his role in a billion-dollar scheme to rip off American taxpayers.

Lev Aslan Dermen, aka Levon “The Lion” Termendzhyan, was convicted of conspiring with members of a polygamous sect in Utah known as “The Order” in one of the most daring tax frauds in history, the local media reports.

Dermen was found guilty after a seven-week trial of conspiracy to commit mail fraud, conspiracy to commit money laundering and money laundering.

 According to the Department of Justice, court documents and testimony from Dermen’s 2020 trial show that from 2010 to 2018, Dermen conspired with various members of the Kingston family to fraudulently claim more than $1 billion in refundable renewable fuel tax credits.

The IRS ultimately paid out more than $511 million in credits to Washakie Renewable Energy, a Utah biodiesel company owned by Jacob and Isaiah Kingston.

In addition to the prison sentence, Dermen was ordered to pay $442,615,520 in restitution to the IRS and imposed a money judgment of more than $181 million against him.

For your information, Levon Termendzyan, a businessman of Armenian origin, had joint connections with Fethullah Gülen’s organizations.
Let me remind you that in March 2020, businessman Mubariz Mansimov, against whom the Turkish prosecutor’s office was investigating, was arrested on charges of membership in FETÖ!

Levon Termendzyan was a business partner of Mubariz Mansimov, and Levon Termendzyan’s son is the head of Palmaly USA, registered in the USA!

In addition, on the eve of Mansimov’s imprisonment, Armenian businessman Levon helped Turkish citizen Mustafa Gurbuz created the MGTV (Mubariz Gurbanoglu) Internet portal on YouTube and instructed him to carry out various actions against Turkey and Azerbaijan!

According to information, Levon Termezdyan and his business partner Mubariz Mansimov in different years carried out secret and illegal transportation of Iranian and Russian oil, according to the info, FBI having received information about this, they are already investigating both people!