Former BONY Officer & Spouse Plead as Former BONY Executive Sues BONY in Russia (IF)

On February 16, 2000, Lucy Edwards, a former Bank of New York (BONY) Official and her husband pleaded guilty to charges they laundered money and helped Russian banks conduct illegal business in the United States. Meanwhile, on February 29, 2000, Natasha Kagalovsky, a former executive at the BONY, initiated a suit against her former employer for their sacking of her. Ms. Edwards, former a vice president in the Bank of New York’s Eastern European division, and Peter Berlin, her husband, entered their pleas in the U.S. District Court for the Southern District of New York…[more]