Federico Elaskar

Federico Elaskar is an Argentinian businessman who has been implicated in a web of financial-corruption scandals, known as Lázarogate, surrounding the administrations of that nation’s last president, Cristina Fernández de Kirchner, and of her late husband and predecessor, Nestor Kirchner, and centering on the Kirchernite businessman Lázaro Báez.

By 2010, when he was in his mid-20s, Elaskar had already been a principal in several international firms and had accumulated considerable personal wealth. In an April 2013 television interview, he described at length his role in an international scheme to launder money for Báez and other leading figures in the Kirchner circle. After the interview, however, he claimed that he had been lying. One report stated that Elaskar was “perhaps the key piece” in the entire history of corruption involving persons connected to the Kirchner regime.

Elaskar was an employee of Droguería Vademécum S.A., whose president was Marcelo Emilio Elaskar and whose director was Paris Elaskar. He then became deputy director of ATC Argentine Trust Company SA and worked for the advertising company Latin Minds SRL.

Elaskar began his work in finance in 2009 as director and CEO of Vanquish Capital Group S.A., a firm that was involved in financial services, international commerce, and real estate transactions. Elaskar formed the firm on May 28, 2009, at age 24, with a start-up capital amounting to 200,000 pesos.

From Vanquish, according to an April 21, 2013, investigative report by Clarín, Elaskar went to the firm SGI, commonly referred to as “La Rosadita.” The firm’s various names and its existence in multiple countries have caused some confusion regarding its exact origins and the precise nature of Elaskar’s relationship to it. Clarín reported that a firm called SGI Ventures LLC, with offices in Miami, Buenos Aires, and Mendoza, Argentina, was registered in Miami by Matias Molinari. Another source has stated that on September 8, 2009, Elaskar became a partner, director, and CEO of Southern Globe Investments Argentina (SGI) Bursátil Sociedad de Bolsa S.A., and that Elskar himself formed the firm with a start-up capital of 320,000 pesos. This same source indicates that Elaskar formed SGI Inversiones y Participaciones S.A. in 2011 with a start-up capital of one million pesos. Yet another source suggests that Elaskar was involved in SGI as early as 2008, with SGI North America LLC being registered in Florida in May 2008 under the joint directorship of Elaskar and Ivanhoe Smester. SGI Ventures LLC, according to this source, was registered in Florida on December 6, 2010, with Elaskar, Matias Molinari, and SGI Argentina SA listed as directors.

...
Wikipedia