A new investigation by Ilia Shumanov and Compliance Corylated in the Golden Youth series (1, 2), has been published, with research support from Transparency International Russia’s Dirty Money team. This story follows Boris Borisovich Ivanyuzhenkov, a US-born Russian citizen and the son of Boris Viktorovich Ivanyuzhenkov, a current Duma deputy and former Minister of Sport.
The elder Ivanyuzhenkov is under sanctions from both the US and the EU. Over the years, journalists and law enforcement have repeatedly connected him to the Podolskaya organised crime group, one of Russia’s most powerful criminal networks of the 1990s.
His son, Boris Borisovich, has built an international property portfolio. He owns Riverred Ltd, a UK-based real estate company. Between 2019 and 2021, he co-directed a Russian company called TutorGroup with Semen Kuksov. Kuksov appeared in earlier Golden Youth investigations and currently serves a prison sentence for crypto-based money laundering in the UK.
Boris Borisovich also has ties to a property in New Jersey. Corporate filings link it to a Delaware-registered firm, a structure often used to hide real ownership. In addition, his family has connections to real estate deals in Germany.
So far, no criminal charges have been brought against Boris Borisovich. However, the case highlights a bigger issue. Why can children of sanctioned officials — including those linked to organised crime — continue to hold assets and run businesses across Europe and the US?
The NepoPep investigation explores how political influence, global education, and corporate secrecy help Russia’s elite families protect and grow their wealth abroad.
Read the full investigation:
The NepoPEP: Alleged Russian Gangster’s Son’s US Property Company
