A lawyer in Maryland, US, has been indicted for his alleged role in a scheme to fraudulently obtain control of more than $12.5 million held by financial institutions on behalf of the Somali government.
Jeremy Schulman, 47, was charged in an indictment filed in the District of Maryland, according to a press statement from the US Department of Justice.
Schulmanis alleged to have conspired with other to fraudulently obtain control of assets around the world and enrich himself and others by taking a portion of those assets in fees and expenses.
He and other are accused of creating false documents regarding his authority to recover assets on behalf of the Somali government.
“In addition to using forged and fraudulent documents, Schulman also allegedly made material misrepresentations and concealed material information from these banks and institutions regarding his authority to act on behalf of the Somali government,” noted the justice department.
“As a result of this scheme, Schulman, his co-conspirators, and the law firm where Schulman was a shareholder ultimately obtained control of approximately $12.5m of frozen Somali funds.”
Schulman is also alleged to have caused his law firm to improperly retain more than $3.3 million while remitting the rest of the amount to the Somali government.
