Deutsche Bank was helping the client to buy and sell to himself.
At first glance, the trades appeared banal, even pointless.
To ensure timely renewal of your current visa or residence permit an appointment should be made 4-6 weeks before the expiry date.
In one, he would use Russian rubles to buy a blue-chip Russian stock, such as Lukoil, for a Russian company that he represented.
Usually, the order was for about ten million dollars’ worth of the stock.
In the second trade, Volkov—acting on behalf of a different company, which typically was registered in an offshore territory, such as the British Virgin Islands—would sell the same Russian stock, in the same quantity, in London, in exchange for dollars, pounds, or euros.
Both the Russian company and the offshore company had the same owner.