The U.S. Department of Justice indicted a Russian man residing in Hong Kong, accusing him of smuggling many U.S.-made military-grade microelectronics to Russia. The man faces multiple charges, including conspiracy to defraud the U.S. government, smuggling, telecommunications fraud, money laundering, and four counts of conspiracy. He is currently in custody in the United States. The arrested Russian man, Maxim Marchenko, 51, reportedly operated several shell companies in Hong Kong, including Alice Components Co. Ltd. (Alice Components), Neway Technologies Limited (Neway), and RG Solutions Limited (RG Solutions). He collaborated with two other Russian men to run an illegal procurement network in Russia, Hong Kong, and other locations. They paid U.S. distributors to conceal the source of funds and purchased many OLED micro-displays. From May 2022 to August 2023, the involved shell companies funneled over $1.6 million into the United States for illegal procurement activities....Read more https://www.theepochtimes.com/china/russian-man-residing-in-hong-kong-indicted-for-smuggling-us-military-grade-microelectronics-to-russia-5496503