Labusov and Redfern were introduced to each other by their mutual friend Robert Asadullin in Moscow at the beginning of 2015. A former high-ranking official of the Russian government introduced Redfern as his business partner and allegedly he himself, a former agent of the Russian security services, ran the Moscow office of Redfern's company, The Oakes Capital LLC. As it turned out later, this was a proven scheme according to which Asadullin recruits Russian entrepreneurs for Redfern's fraudulent actions. His once high position in the Russian government inspires false trust and confidence in the reliability and law-abidingness of Redfern and his company, The Oakes Capital LLC. So it was this time.

At the time of this ill-fated acquaintance, Pavel Labusov already owned the APAVILLE holding, its four companies, and an impressive portfolio of unencumbered real estate in America worth several million US dollars. Labusov thought about expanding his business. However, we all know how difficult it is to obtain a mortgage loan for personal real estate, and for commercial real estate, it is much more difficult in the United States. Redfern offered his company, The Oakes Capital LLC, for this purpose. He convinced Labusov to use his existing real estate portfolio in America as collateral to obtain the necessary loan. The businessmen discussed the terms. A loan amount of USD 1.5 million, an interest rate of 3.75% per annum, and a schedule of monthly payments were agreed upon. The deal looked like standard commercial lending, and all parties to the agreement were quite satisfied with the terms it was signed. It is essential to emphasize the fact that after meeting Redfern, there was not the slightest communication between Labusov and Asadullin until May 2018. It was during this period that the culmination of what was happening began and the criminal tangle started to solve.

After receiving a loan and, in fact, until March 2018, Russian businessman Pavel Labusov managed all his assets in America, received monthly bills for servicing the loan, and, observing all the terms of the agreement, paid them without delay. And at this time, William Donald Redfern, behind Labusov's back, who suspected nothing at all, was making his machinations, using Labusov's assets as collateral. And then commercial banks - TD Bank and Legacy Bank - joined the fraudulent party, which were assigned the task of approving a loan to Pavel Labusov in the total amount of USD 1.5 million without his personal visit to the bank, without his own signature in the presence of a bank employee, and without his consent to bail all assets belonging to Labusov. As you can imagine, none other than William Donald Redfern turned this whole scheme.

Pavel Labusov learned that Redfern and his accomplices had illegally re-mortgaged all of his real estate properties under a loan of more than one million US dollars after Redfern cut off all contacts with him in March 2018. So he turned to lawyers, who, during the audit, found out that all of Pavel Labusov's assets were pledged and encumbered with mortgage loans in TD Bank and Legacy Bank. The loans, to which Labusov had nothing to do, left him without liquid real estate, but with a mortgage loan in excess of one million US dollars.

Russian entrepreneur Labusov promptly paid off the remaining debt to The Oakes Capital LLC and decided to exercise his right under the agreement and terminate it unilaterally after the full payment of the loan. Labusov's lawyers sent Redfern a notice of termination of the agreement and a demand to repay the loans taken from TD Bank and Legacy Bank. Redfern refused to return Labusov's property, which Redfern had mortgaged against his own loans. Robert Asadullin returned to the arena first with a proposal to resolve the issue for a fee of 15,000 euros, and then with death threats against Labusov and his family and fake criminal cases on the territory of the Russian Federation. Later, he completely closed the Moscow office of The Oakes Capital LLC, got rid of all files and the company's computer. Redfern and other employees of The Oakes Capital LLC also laid low. And Pavel Labusov turned to US law enforcement authorities and told them about the pyramid scheme and the names of the criminal group members.

Let's return to the banks, whose employees were able to issue a large amount to the American financial fraudster William Donald Redfern on the security of assets that did not belong to him, and at the same time encumbered the assets belonging to Pavel Labusov without his knowledge. In addition, the employees of these banks agreed and carried out the transfer of funds for the loans issued not to Labusov, but directly to Redfern. And none of them was embarrassed by the fact that it was Labusov who was the owner of all the pledged assets, and Redfern received the money. Paradox, negligence, criminal intent - what were the bank employees who allowed this to be guided by? All trial facts indicate that the well-known large bank TD Bank is the same complicit in the financial fraud that Bernard Madoff spoke about. And now the very fact that the name of the bank appears in such a high-profile case of financial fraud will ruin the bank's reputation and undermine the confidence of not only foreign but, first of all, American citizens who believe in impartiality and justice in their country and equal rights for honesty and protection.

Pavel Labusov: Large-Scale Projects of a Successful Businessman With an Open Heart

The words that almost every person can become a millionaire, but not every millionaire can preserve human nature, describe as precisely as possible one of the brightest Russian businessmen, Pavel Labusov. His absolute success and achievements look like a careerist's dream. In just 17 years, Pavel Labusov has worked a brilliant way that many a man cannot get over even in 30 years. He is a well-known Russian businessman who loves ambitious projects and complex tasks. In any business, he shows maximum perseverance and always achieves excellent results. Pavel's life principles, his desire to conquer the heights of business and help people are admirable. As a key figure in Russian business and its active participant, Pavel finds time for charity and concern for those who need help. Along with the fact that he builds houses, raises virgin soil, builds ships, breeds horses, the Russian businessman strengthens the equine-assisted therapy for sick children and helps Russian immigrants in America.

Childhood and education

Pavel Labusov was born on May 6, 1987, in Moscow. Pavel's father, Viktor Labusov, was an entrepreneur and spent a lot of time on business trips and negotiations. The mother of the future businessman devoted herself to the family and raising her sons. In an Orthodox family, two children were born - two sons; Pavel was the youngest. Since childhood, Pavel Labusov showed zeal in everything. He was one of the best students at school. He had a unique ability to study foreign languages ​​and mathematics. In his free time, he was actively involved in sports - football, tennis, horseback riding.

Having got a school certificate, Pavel Labusov, at the first attempt, entered the most prestigious capital higher educational institution - Moscow State Institute of International Relations of the Ministry of Foreign Affairs of the Russian Federation - and continued his education at the Faculty of International Business and Business Administration. Pavel Labusov completed his Master's degree at the Faculty of Legal Support for Foreign Economic Activity of the All-Russian Academy of Foreign Trade of the Ministry of Economic Development of the Russian Federation and defended his thesis on the topic "Ways and methods of improving management efficiency in development projects".

Formation of a businessman

Pavel Labusov, from childhood, showed interest in mathematics, foreign languages, architecture, and equestrian sport. Somehow all these hobbies have grown into business in Russia and America, as well as into charitable projects. Labusov made his first steps in business while still a first-year student. He always had a worthy example and invaluable experience of his father - a successful entrepreneur. Pavel began the rapid development of his own business at the age of 17, heading a private horse-riding school. Over the next 17 years - from 2004 to 2021 - he achieved unprecedented heights of entrepreneurial activity and was able to expand the boundaries of his business in entirely different directions: construction, tourism, shipbuilding, agriculture, mining and processing, restoration of the aquaculture population of the Black Sea coast.

Whatever business area the Russian businessman, Pavel Labusov, is engaged in, he is always distinguished by a fundamental approach to business. He personally examines all aspects of the project, pays attention to details, works out the plan, and calculates further actions for several moves ahead. To date, Pavel Labusov has already implemented dozens of large projects in Moscow, Moscow Region, Tver Region, and Krasnodar Region. Russian businessman Pavel Labusov pays much attention to the development of agriculture. His company is one of the few that still cultivates agricultural land in Tver Region and grows barley and oats. In Krasnodar Region, Pavel Labusov launched a unique production - a marine farm for growing mussels and oysters. As part of the implementation of the Sochi project to restore the aquaculture population of the Black Sea coast of Krasnodar Region, Labusov is simultaneously managing the construction of authentic wooden ships. In the field of construction, Pavel Labusov's projects are focused on building residential complexes of various categories in Moscow and the nearest Moscow Region.

Equestrian sport development

From an early age, Pavel Labusov was engaged in horse riding. This hobby grew into professional sport and participation in competitions. Today, Pavel Labusov's first personal business - a riding school launched at the age of 17 - has grown to one of the largest private equestrian complexes in Moscow Region. The infrastructure of the equestrian complex "Dobromysli" located in Solnechnogorsk District of Moscow Region is a European-type sport stable for 40 horses and a summer stable for other 10 horses. "Dobromysli" has everything for a productive training process for professional athletes, for teaching children and adults of different levels of training to ride, for holding professional show jumping competitions, as well as for equestrian games, festive events, and quality recreation on the territory of the complex.

The name "Dobromysli" was not chosen by chance. At the premises of the equestrian center, Pavel Labusov is implementing a charitable project of gratuitous help to sick children. It has long been known about the positive effects of horse riding on children with various diseases. Hippotherapy is indicated for the rehabilitation of children with musculoskeletal disorders, Down's syndrome, autism spectrum disorder, problems in the psycho-emotional sphere, including delayed speech development. Experts say that the effect of 10 minutes of therapeutic horse riding is equal to a 40-minute therapeutic massage. During a ride on a horse, all muscle groups are included in the rider's work, heartbeat and breathing are normalized - they adjust to the movements of the horses, which, on average, make about 70 steps per minute. All the therapeutic horse riding lessons are conducted by experienced "Dobromysli" instructors.

Pavel Labusov also implements charitable projects in America. The main business of the Russian businessman in the United States is aimed at renting residential real estate. As part of this business line, Pavel Labusov provides support to Russian immigrants who are just starting to build their lives in America. Especially for his former compatriots, Pavel Labusov sets special rates for rental housing and fixes this cost for a long time. Thus, people who have received Pavel Labusov's support can be sure that the rent will not increase within the agreed period, and their families have a roof over their heads throughout this period of time.

Private life

In 2010, Pavel Labusov married a professional journalist Alina Labusova. Today happy parents are raising two children - a 10-year-old boy and a 7-year-old girl. In the busy schedule of business projects and charitable affairs in Russia and America, Pavel Labusov devotes time to his family and sports activities. He actively plays football, tennis, diving, and, of course, horseback riding. While the children are small, Russian businessman Pavel Labusov does not share his business ideas and plans with them; still, every day, as a faithful Christian, he teaches children by personal example to be kind, no matter what heights in business they may reach in the future.

I must say that responsiveness, honesty, justice, and iron will are the fundamental principles that help Pavel Labusov achieve success. He always conducts his business openly, conscientiously treats the fulfillment of his obligations, shows respect not only to his business partners but also to competitors. For this, Labusov is respected in the business environment, called a reliable and fair entrepreneur.

Donald Redfern Fraud to Defame Pavel Labusov

In the modern world, the fact of fraud does not surprise anyone. Not only ordinary citizens but also large companies, as well as honest businessmen, are not immune to the tricks of swindlers.

Every year new schemes of deception appear, but old ones also surface periodically. Knowledge is the primary defense against criminal activity. The publicity of high-profile trials involving financial swindlers helps a lot in this. So that people, having learned the details of the crime, draw conclusions and do not fall for the tricks of the criminals in the future.

Not so long ago, a case about a major financial scam that the well-known fraudster, Donald Redfern, organized against an honest businessman from Russia, Pavel Labusov, became public.

Donald Redfern twisted the plot of his conspiracy in such a way that Pavel Labusov had practically no grounds for mistrust. However, the case ended in a major robbery, and even with the involvement of well-known American banks, which became accomplices in the crime.

But first things first. Redfern Donald is an American entrepreneur. 2 businesses are registered to him: The Oakes Capital LLC, registered in New York, and Mountainview Capital Management LLC, registered in Moscow. But in addition to this activity, he is also the creator of several fraudulent business schemes altogether, from which businessmen in Russia and America have suffered. Russian people in business suffered from Donald Redfern's fraud the most. The cunning swindler is fluent in Russian; this helps to ingratiate himself with the people in Russian business circles rather quickly, according to a worked-out scenario, and make friends.

That is what happened in the story of the fraudulent scheme against Pavel Labusov.

He was introduced to Redfern by a person of authority in business circles, a former official - Robert Asadullin.

At the time of their acquaintance, Donald Redfern had already been charged with money laundering, and this information is also available in open sources. Back in 2006, Redfern Donald was involved in a high-profile case of fines for the largest investment bank Bear Stearns & Co. Then, the registered representative of Bear Stearns & Co in the NYSE, William Donald Redfern, was stripped of his license.

But even the public accusations of fraud and financial violations did not bother Pavel Labusov, who trusted the recommendations of a friend and entered into a mutually beneficial (as it seemed at first glance) cooperation with Donald. The deal consisted of Redfern's company, The Oakes Capital LLC, providing Labusov with a credit line of USD 1.5 million at 3.75% per annum. At the time of the negotiations, Pavel Labusov was preparing to expand his business in the United States. That is why Redfern's assistance in this matter was very useful. Future business partners signed an agreement, and after that Donald Redfern disappeared. Pavel Labusov, at first, did not attach any importance to this, regularly fulfilled his obligations: he made monthly payments on the loan and interest strictly according to the schedule. Meanwhile, Redfern's fraudulent scheme was already working with might and main against Labusov without his knowledge.

As a result, Donald Redfern received large loans from the American banks, Legacy Bank and TD Bank, re-mortgaging all the real estate and assets of the companies of the unsuspecting Pavel Labusov. The total debt to banks amounted to more than a million US dollars, the entire investment package of Pavel Labusov was re-pledged in two banks. All loans were approved, formalized and issued without the knowledge of Pavel Labusov, without his presence and without his personal signature. Thus, it is safe to say that Legacy Bank and TD Bank have criminals who may be complicit with Donald Redfern and are cronies in his schemes. By approving credit loans without the personal presence and personal signature of Pavel Labusov, the property owner nominated on the security of these loans, Legacy Bank and TD Bank committed a gross violation of the requirements and rules for issuing commercial loans.

Thus, in the high-profile story of deception of the respected Russian businessman, Pavel Labusov, many defendants are involved, but the main organizer of the criminal scheme is Donald Redfern. It is to be hoped that the American court will establish justice in the near future, and all the participants of the criminal conspiracy will incur adequate and legitimate penalty. And ordinary citizens and honest businesses will never fall into the “clutches” of swindlers.

Pavel Labusov Became a Victim of the Russian Former Government Official Robert Assadulin, American Entrepreneur William Donald Redfern and Two Reputable Banks, TD Bank and Legacy Bank.

Pavel Labusov, a reputable Russian entrepreneur, has purchased a few properties in the United States. After some time, he has decided to expand his portfolio. He has been doing his business not just in Russia but also all over the world. The USA is one the leading countries bringing excellent minds that believe in fair business transactions. Unfortunately, many fraudsters use the opportunity to take illegally financial assets of those. Many American business owners misrepresent their companies. William Donald Redfern is a great example.

The story starts in Moscow. The two individuals were introduced to each other by Asadullin in early 2015 when the Russian scammer presented his American friend as a business partner. In Asadullin's account, he owned half of The Oakes Capital LLC, a Moscow office company. Asadullin is one of the most prominent Russian businessmen and a former high-ranking official of the Russian government. The Russians, recruited by Asadullin, were made victims of Redfern's fraudulent acts. Pavel Labusov was the victim of the swindlers' latest scam. Hopefully, after they are exposed, there will be no more victims.

The Oakes Capital LLC, owned by William Donald Redfern, has provided Pavel Labusov with 1.5 million dollars with a 3.75 % interest rate. This loan was collateralized to properties Labusov owned. A little did the Russian entrepreneur know that Redfern would use his properties for his loans in TD Bank and Legacy Bank. Pavel Labusov was and is the sole owner of those properties, any manipulation with the assets needs to be done only with his consent. The banks, for unknown reasons, went against the law and gave loans to William Donald Redfern.

Pavel Labusov has prepaid the loan owned to The Oaks Capital LLC because he has learned about Redfern's fraudulent activity. However, the American scammer refused to return them, and now Pavel Labusov has a loan in TD Bank and Legacy Bank collateralized to his properties. To our disbelief, the banks do not want to be responsible for their illegal transactions. At this point, we can only rely on the American jurisdictional system to find everyone liable for this large-scale fraud.