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A New Jersey man admitted to being among eight accused of smuggling export-regulated equipment to Russia as a method to aid the Kremlin’s war effort and avoid U.S. sanctions against the federation, federal authorities said.
Vadim Yermolenko, 43, of Upper Saddle River, faces 30 years in prison on conspiracy to commit bank fraud for his role in a scheme to export dual-use electronics to Russia to aid its military and intelligence services.
He pleaded guilty before U.S. District Judge Hector Gonzalez in New York last week, the U.S. Attorney’s Office said.