By Theodore Shoebat
The Turkish government has been to have helped two Mormon criminals involved in a major act of fraud in which they stole hundreds of millions of dollars and wired over 130 million dollars to a company in Turkey.
The brothers were Jacob and Isaiah Kingston, and you can see one of them, Jacob (far left) with Erdogan of Turkey:
As we read in one report from Ahval:
Jacob and Isaiah Kingston, the two brothers alleged to have run a billion-dollar fraud scheme from the Washakie Renewable Energy company in U.S. state of Utah, are facing federal charges of fraud and money laundering, the Herald Journal reportedon Friday.
The remarkable details of the convoluted scheme allegedly run by the brothers includes testimony linking them to Turkish President Recep Tayyip Erdoğan, who a U.S. Inland Revenue Service agent said they had turned to for protection from extradition to the United States.
The Kingston brothers and their associate Lev Aslan Dermen, (also known as Levon Termendzhyan) have been accused of filing false tax credit applications for producing renewable biofuels. The fraudulent claims are said to have been worth as much as $1.1 billion, $511 million of which they received.
The brothers – members of a fundamentalist Mormon clan described by one former Utah attorney general as an “organised crime family” – falsified company records and inflated the amount of fuel the company was producing to gain tax credits.
“Documents also stated that the Kingstons spent millions of dollars on a home in Sandy, Utah, and a Bugatti Veyron sports car worth over $1 million,” the Heral Journal of Utah reported.
A connection linking the brothers with Erdoğan came to the agenda shortly after they were arrested on their way to Turkey, when the Salt Lake Tribune published a photograph of Jacob Kingston meeting the Turkish president and a Turkish businessman, Sezgin Baran Korkmaz.
The meeting reportedly took place in September 2017. Federal lawyers involved in the case reported Kingston had received preferential treatment during the visit, being allowed to enter Turkey without a passport and being granted a police escort.
Korkmaz owns the Turkish firm SBK Holding, which the court discovered had been wired between $130 and $134 million by the Kingston brothers between September 2013 and the end of 2015, in part through direct transfers and in part through a U.S.-based sister company of SBK. Prosecutors also stated in the court that they have “evidence of in excess of $500 million reportedly being invested by Mr. Termendzhyan and his codefendant Jacob Kingston in this Turkish entity and its investments called SBK Holding AS.”
Part of that was reportedly spent on a waterfront mansion in Turkey, for which Isaiah Kingston authorised a payment of $483,000 for the value added tax alone.
Prosecutors had already argued that the brothers were a flight risk due to the large sums they held in Turkey, their ownership of a private jet, and an apparent contact in law enforcement who is said to have tipped them off about a raid.
When he gave his testimony in August, IRS agent Tyler Hatcher was the first U.S. official to suggest that the brothers also enjoyed close links to the Turkish president and that they would be protected from extradition in the event they make it to Turkey.
“Witnesses have told us Mr. Baran and Mr. Termendzhyan have used their wealth to ensure that their money would be a safe haven in Turkey as well as protect them against extradition,” Hatcher told Richard Rolwing, the U.S. prosecutor handling the case, according to a transcriptobtained by the Salt Lake Tribune.
Mormons and Muslims — they will fit like hand in glove.