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Plea expected in BoNY case
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February 15, 2000: 6:36 p.m. ET
Two former executives suspected of money laundering reportedly will surrender
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NEW YORK (CNNfn) - Two suspects in the investigation into the illegal transfer of billions of dollars through the Bank of New York have agreed to plead guilty to money laundering and other charges, according to published reports Tuesday.
The defendants, fired Bank of New York vice president Lucy Edwards and her husband, businessman Peter Berlin, were expected to fly to New York from London to surrender to federal authorities, The New York Times and The Wall Street Journal reported, citing information from unidentified U.S. law enforcement officials.
The federal district court in Manhattan confirmed that a proceeding in the Bank of New York probe was scheduled for 9:30 a.m. ET Wednesday, but would not comment on the purpose of the hearing.
The newspapers said the Russian-American couple was expected to enter guilty pleas during the proceeding.
A lawyer for the couple, T. Barry Kingham, did not respond to a request for comment Tuesday.
The Bank of New York (BK: Research, Estimates) declined comment on the case. The bank has not been accused of any wrongdoing.
The charges stem from allegations that a Russian crime syndicate laundered as much as $7 billion through accounts at the Bank of New York. In October 1999, indictments were unsealed against Edwards and Berlin, a Russian émigré who ran the New Jersey-based Benex International Corp.
A third defendant, Aleksey Volkov, also was charged in the October indictment. His lawyer, Raymond Levites, told the Journal that Volkov has not entered into any plea agreements. 
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