TD Bank moves to seize home of Russian-Canadian jailed for smuggling tech to Kremlin
Global News
Nikolay Goltsev agreed to forfeit U.S $4 million to U.S. authorities who investigated him and be deported to Canada or Russia, while giving up $1.6M more in seized cash and goods.
TD Bank is moving to seize the Quebec home of a Russian-Canadian convicted in New York for conspiring to secretly ship more than $10 million in restricted electronics to the Kremlin for use in weapons systems in its Ukraine war, Global News has learned.
Toronto-based TD has filed a 60-day notice of its intention to foreclose on the Ste. Anne-de-Bellevue residence of Nikolay Goltsev, 38, who sits behind bars in New York and awaits sentencing.
City of Montreal property assessment records say the home he shared with his wife Kristina Puzyreva until their arrests in 2023 has a market value of $848,800. So far, it does not appear to be for sale.
The foreclosure comes as TD negotiates with the U.S. Department of Justice and other American financial regulators to pay up to U.S. $4 billion in penalties for multiple money-laundering lapses and announced plans last week for its CEO to retire and be replaced in 2025.
U.S. officials have investigated and accused TD’s American affiliate of having lax anti-money-laundering controls and detection systems within at least four branches in New York, New Jersey and Florida that allowed criminals like Goltsev and his wife to use TD to facilitate crimes.
In June, Bloomberg News revealed one case featured a TD USA banker in Florida taking $200 bribes to look the other way on a Columbian drug trafficking ring’s money laundering, including by providing falsified records, opening dozens of accounts to help criminals flow their cash across borders.
In May, The Wall Street Journal reported a Justice Department probe into TD Bank’s internal controls was focusing on how Chinese crime groups and drug traffickers used TD to launder money from its U.S. fentanyl sales. That probe was launched after FBI agents allegedly uncovered a New York and New Jersey operation that laundered hundreds of millions of dollars from illicit narcotics through several TD branches and other banks, with traffickers greasing bankers with at least $57,000 in gift cards, The Journal reported.
TD Bank corporate spokesperson Elizabeth Goldenshtein declined to discuss specifics of Goltsev’s case in New York or the bank’s foreclosure action on his Quebec home.
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