Russian national Maxim Marchenko, who was arrested in September 2023, pleaded guilty to charges of money laundering and smuggling goods from the US.
According to court documents, Marchenko and two co-conspirators were involved in an illicit network that supplied military-grade microelectronics to end customers in Russia . They operated shell companies based in Hong Kong, including Alice Components Co. Ltd., Neway Technologies Limited and RG Solutions Limited.
Marchenko admitted in court that he illicitly sought to procure U.S.-manufactured, military grade microelectronics, including OLED micro-displays.
Marchenko pleaded guilty to one count of money laundering, which carries a maximum penalty of 20 years in prison, and one count of smuggling goods from the United States which carries a maximum penalty of up to 10 years in prison. He is scheduled to be sentenced on May 29 in Manhattan.
