G. Kennedy Thompson of court a case in which it allegedly laundered over $378 billion in cash and traveler's checks from Mexican drug cartels in the years 2004 - 2006, during Thompson's tenure as CEO. Terms of the settlement included a $110 million forfeiture and a $50 million fine. Thompson was pushed out of Wachovia Bank (WB) on June 2, 2008, as head of the nation’s fourth-largest bank, becoming the latest financial services executive to be ousted amid turmoil in the U.S. housing market. Thompson will not receive any incentive pay for the 2008 fiscal year, but according to a filing with the
Credit Bank of Moscow Credit Bank of Moscow is owned by Roman Avdeev , the head of Ingrad real estate development company and Rossium concern. Before 2012 Roman Avdeev was the only beneficiary of the Moscow Credit Bank. He bought the bank in 1994. Now he controls 55,73% of stocks. Till 2008 Roman Avdeev was the head of the International finance attraction department and a President of the Moscow Credit Bank. In the end of 2008 Roman Avdeev has stepped down, but he is still a member of the Supervisory Council. Credit Bank of Moscow Credit Bank of Moscow () is a Russian bank