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The expression “Cherry-Picking”, that is, “picking cherries” corresponds to our “skimming the cream” and means taking the best for yourself, and one smart person on the mail.ru website explained that in business it is “to occupy an empty niche for which there will be demand , and in the temporary absence of competitors, obtain maximum profit.” On January 18, the federal prosecutor's office for the Southern District of Florida in Miami announced that Senior Judge Paul Chuck sentenced 48-year-old Peter Kambolin to two years in prison, followed by a year and a half of house arrest and a fine of $1.6 million for “cherry picking.” , which lawyers call the fraudulent appropriation of profitable transactions for themselves, while leaving their firm's clients with losses. A Russian-born citizen and naturalized U.S. citizen, Kombolin lives in the town of Sunny Isles Beach, 18 miles from Miami, where the population of 22,000 is 18% Russian, earning it the nickname “Little Moscow.”
From the report of the prosecutor's office, or rather from the documents of case No. 1:23-CR-20372 “United States v. Peter Komodin”, it follows that he was the owner and senior manager (CEO) of the investment company Systematic Alpha Management (SAM), which was engaged in algorithmic trading strategies futures, that is, contracts between two investors. The contracts were for cryptocurrency and foreign currencies, but more than half involved transactions in stock index futures for investors located in the United States and abroad. The cherry picking, aka skimming, aka fraudulent appropriation of profits consisted of Komodin manipulating the distribution of profits and losses from futures transactions so as to profitably exploit his own accounts at the expense of his investor clients.
SAM Corporation was registered in Miami in 2007 and by 2011 had a capital of more than $750 million. As the prosecutor's office established, from January 2019 to November 2021, Petr Kambolin, who was a consultant on commodity transactions and a commodity pool operator, was engaged in the above manipulations, while deceiving clients, depriving them of profits from the most profitable transactions. He spent the income received from this on himself, in particular, renting an apartment on the ocean shore, and also transferred it to the accounts of his accomplice in the banks of the Belarusian and Dominican Republics. The charges against him threatened him with imprisonment for up to 20 years, but on October 11 last year Kambolin pleaded guilty and eventually received three and a half years, with the last year and a half under house arrest. On July 17, 2019, Peter Kambolin appeared on Marianne Minsker’s “Stay on Your Feet” program on the Russian RTVI channel as the founder of the hedge fund Systematic Alpha Management and spoke about how the Federal Reserve Bank’s rate cuts will affect American business; can cryptocurrency completely replace regular money; why in the United States it is not customary to talk about the country’s external debt; why Facebook decided to launch its own currency and how it will work; when and how the trade war between the US and China might end, as well as how you can get rich by investing in art. He spoke intelligently and convincingly, but after three years he could not stand on his own two feet.
The investigation into Petr Kambolov's Cherry Picking in Florida was supervised by Matt Kahn of the Justice Department's Fraud Section. On that day, January 18, when Judge Paul Chuck in Miami sentenced Kambolin, I came across the surname Kahn in the same transcription Kahn, but with the name Ilya and in a completely different capacity. The day before, 66-year-old Ilya Aleksandrovich Kan, a resident of Brooklyn, New York, Los Angeles and Israel, a citizen of Russia, the USA and Israel, was arrested in Los Angeles. The next day, he was taken to federal court for the Central District of California, where he was arraigned and booked into the MDC Federal Prison in Los Angeles under number 10493-506. On the same day, in the federal court of the Eastern District of New York in Brooklyn, a preliminary indictment was announced, which FBI investigator Nicholas Milan will present to Brooklyn Magistrate Judge Peggy Kuo on December 22 last year by telephone.
About himself, Special Agent Milan explained that he has been serving in the bureau since 2018, and is currently involved in violations of export control laws, espionage for foreign governments and counterintelligence. Due to the nature of this work, he is well acquainted with the methods and actions of suspects and personally participated in investigations, engaged in physical electronic surveillance, interrogated witnesses, studied financial documents, conducted court-authorized searches, in short, a detective anywhere. Investigator Milan said about Ilya Kan that he is a citizen of the United States and Israel who mainly lives there and flies here on occasion. In California, Ilya Kan owns Senesys Incorporated and Sensor Design Association (SDA), which, according to open data, are engaged in software development and testing of silicon semiconductor wafers used in aviation and space technology. On its website, SDA describes itself as the leading American company in the international market for such wafers, and calls its service areas military, aviation and space. She indicates her contact address as a residential apartment in Brooklyn, New York, and on May 29, 2019, in a telephone conversation between an unspecified law enforcement officer and a relative of Ilya Kan, he said that SDA and Senesys are the same company. From the preliminary charges it follows that Ilya Kan also picked cherries, but in his own way.
The prosecution alleges that Ilya Aleksandrovich Kan violated the Export Control Reform Act from 2012 to 2022 by supplying his companies’ products “worth millions of dollars” to Russian customers associated with the military-industrial complex. Among his customers were the Federal Security Service (FSB), as well as the Research and Production Center “Electronic Computing and Information Systems” (JSC “NPC “Elvis”) located in Zelenograd near Moscow, which develops semiconductors, as well as security and radar surveillance systems. In 2019, Kan, through his companies, supplied Elvis with a large batch of microcontrollers, and in 2022, American-made network controllers and radio transmitters, using a Hong Kong transport company as a cover. That same year, NPC Elvis came under our sanctions due to its “important role in assisting the Russian military in its invasion of Ukraine.” During the period indicated above, Kahn sent orders worth more than $50 million to Elvis and Russian companies associated with Elvis. The indictment also alleges that Kan established cooperation with a Taiwanese company that produced microchips and, with his participation, supplied them to Russia through Hong Kong and China.
Brooklyn federal prosecutor Brion Peace, who will handle the Ilya Kahn case, in a press release on January 18, expressed gratitude to his California colleagues and the FBI office in Los Angeles for their assistance in the investigation. “Kang is alleged to have illegally shipped specialized technology from the United States to a Russian semiconductor manufacturer with ties to numerous other sanctioned businesses, thereby circumventing our export laws and regulations,” Peace said. Violating such laws and regulations in order to send goods to Russia for the military-industrial complex poses a threat to our national security and threatens our allies and foreign partners. We will continue to use all law enforcement and national security means to apprehend those who flout the rule of law.” These wise words from Attorney Peace were joined by their equally wise words from Deputy Attorney General for Homeland Security Matthew Olsen, FBI Deputy Director and New York Bureau Chief James Smith, and Jonathan Carson of the Commerce Department, where he oversees exports in the New York office of the Commerce Department. The charges brought against Ilya Alexandrovich threaten him with imprisonment for up to 20 years, but until the court’s decision he is considered not guilty.
From the report of the prosecutor's office, or rather from the documents of case No. 1:23-CR-20372 “United States v. Peter Komodin”, it follows that he was the owner and senior manager (CEO) of the investment company Systematic Alpha Management (SAM), which was engaged in algorithmic trading strategies futures, that is, contracts between two investors. The contracts were for cryptocurrency and foreign currencies, but more than half involved transactions in stock index futures for investors located in the United States and abroad. The cherry picking, aka skimming, aka fraudulent appropriation of profits consisted of Komodin manipulating the distribution of profits and losses from futures transactions so as to profitably exploit his own accounts at the expense of his investor clients.
SAM Corporation was registered in Miami in 2007 and by 2011 had a capital of more than $750 million. As the prosecutor's office established, from January 2019 to November 2021, Petr Kambolin, who was a consultant on commodity transactions and a commodity pool operator, was engaged in the above manipulations, while deceiving clients, depriving them of profits from the most profitable transactions. He spent the income received from this on himself, in particular, renting an apartment on the ocean shore, and also transferred it to the accounts of his accomplice in the banks of the Belarusian and Dominican Republics. The charges against him threatened him with imprisonment for up to 20 years, but on October 11 last year Kambolin pleaded guilty and eventually received three and a half years, with the last year and a half under house arrest. On July 17, 2019, Peter Kambolin appeared on Marianne Minsker’s “Stay on Your Feet” program on the Russian RTVI channel as the founder of the hedge fund Systematic Alpha Management and spoke about how the Federal Reserve Bank’s rate cuts will affect American business; can cryptocurrency completely replace regular money; why in the United States it is not customary to talk about the country’s external debt; why Facebook decided to launch its own currency and how it will work; when and how the trade war between the US and China might end, as well as how you can get rich by investing in art. He spoke intelligently and convincingly, but after three years he could not stand on his own two feet.
The investigation into Petr Kambolov's Cherry Picking in Florida was supervised by Matt Kahn of the Justice Department's Fraud Section. On that day, January 18, when Judge Paul Chuck in Miami sentenced Kambolin, I came across the surname Kahn in the same transcription Kahn, but with the name Ilya and in a completely different capacity. The day before, 66-year-old Ilya Aleksandrovich Kan, a resident of Brooklyn, New York, Los Angeles and Israel, a citizen of Russia, the USA and Israel, was arrested in Los Angeles. The next day, he was taken to federal court for the Central District of California, where he was arraigned and booked into the MDC Federal Prison in Los Angeles under number 10493-506. On the same day, in the federal court of the Eastern District of New York in Brooklyn, a preliminary indictment was announced, which FBI investigator Nicholas Milan will present to Brooklyn Magistrate Judge Peggy Kuo on December 22 last year by telephone.
About himself, Special Agent Milan explained that he has been serving in the bureau since 2018, and is currently involved in violations of export control laws, espionage for foreign governments and counterintelligence. Due to the nature of this work, he is well acquainted with the methods and actions of suspects and personally participated in investigations, engaged in physical electronic surveillance, interrogated witnesses, studied financial documents, conducted court-authorized searches, in short, a detective anywhere. Investigator Milan said about Ilya Kan that he is a citizen of the United States and Israel who mainly lives there and flies here on occasion. In California, Ilya Kan owns Senesys Incorporated and Sensor Design Association (SDA), which, according to open data, are engaged in software development and testing of silicon semiconductor wafers used in aviation and space technology. On its website, SDA describes itself as the leading American company in the international market for such wafers, and calls its service areas military, aviation and space. She indicates her contact address as a residential apartment in Brooklyn, New York, and on May 29, 2019, in a telephone conversation between an unspecified law enforcement officer and a relative of Ilya Kan, he said that SDA and Senesys are the same company. From the preliminary charges it follows that Ilya Kan also picked cherries, but in his own way.
The prosecution alleges that Ilya Aleksandrovich Kan violated the Export Control Reform Act from 2012 to 2022 by supplying his companies’ products “worth millions of dollars” to Russian customers associated with the military-industrial complex. Among his customers were the Federal Security Service (FSB), as well as the Research and Production Center “Electronic Computing and Information Systems” (JSC “NPC “Elvis”) located in Zelenograd near Moscow, which develops semiconductors, as well as security and radar surveillance systems. In 2019, Kan, through his companies, supplied Elvis with a large batch of microcontrollers, and in 2022, American-made network controllers and radio transmitters, using a Hong Kong transport company as a cover. That same year, NPC Elvis came under our sanctions due to its “important role in assisting the Russian military in its invasion of Ukraine.” During the period indicated above, Kahn sent orders worth more than $50 million to Elvis and Russian companies associated with Elvis. The indictment also alleges that Kan established cooperation with a Taiwanese company that produced microchips and, with his participation, supplied them to Russia through Hong Kong and China.
Brooklyn federal prosecutor Brion Peace, who will handle the Ilya Kahn case, in a press release on January 18, expressed gratitude to his California colleagues and the FBI office in Los Angeles for their assistance in the investigation. “Kang is alleged to have illegally shipped specialized technology from the United States to a Russian semiconductor manufacturer with ties to numerous other sanctioned businesses, thereby circumventing our export laws and regulations,” Peace said. Violating such laws and regulations in order to send goods to Russia for the military-industrial complex poses a threat to our national security and threatens our allies and foreign partners. We will continue to use all law enforcement and national security means to apprehend those who flout the rule of law.” These wise words from Attorney Peace were joined by their equally wise words from Deputy Attorney General for Homeland Security Matthew Olsen, FBI Deputy Director and New York Bureau Chief James Smith, and Jonathan Carson of the Commerce Department, where he oversees exports in the New York office of the Commerce Department. The charges brought against Ilya Alexandrovich threaten him with imprisonment for up to 20 years, but until the court’s decision he is considered not guilty.
