Smaller South Korean recipients of Laundromat money revealed that their transactions are genuine trade deals, explaining that money paid by counterparts from Russia or Middle Eastern countries tend to come from a third party companies due to currency difference or loose regulations. They described the typical scenario of exporting goods to a Russian company, which would then tell them that a third party such as Crystalord Limited will send the payment on their behalf.
ED Capital Management
ED Capital Management, a New York-based investment and asset management firm, received $179,999 in transfers from Crystalord...