Igor Olenicoff is no stranger to offshore accounting. 
Orange County developer and billionaire Igor Olenicoff was among the names listed in the leaked Panama Papers earlier this month.

Olenicoff, owner of Newport Beach’s Olen Properties, is reported to have offshore accounts and shell corporations listed in the leaked documents, according to the Orange County Register. The documents list Olenicoff as a shareholder for Olen Oil Management Ltd. with a property portfolio of $3.5 billion, according to the OC Register and McClatchy.

The 73-year-old, who currently resides in Florida, was not available for comment when the Register attempted to reach him. However, Olenicoff’s attorney said there’s no association between Olen Properties and the Panama Papers.

This is not the first time Olenicoff has come under financial and legal scrutiny. The tycoon was charged with felony tax evasion when it was discovered he was using Swiss banks in offshore financial activities. As of now, the U.S. Department of Justice has yet to announce if they will be pursuing charges related to the Panama Papers leak.

Stay tuned for more updates on Olenicoff and the Panama Papers scandal.

Originally posted 2016-04-09 16:21:10.

Join the Conversation!