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The Economic Times
The Economic Times
National

Meet Vladimir Sklarov, who allegedly stole $450 million from a Mexican billionaire using the Astor family name and spent it on luxury villas and a château

In one of the biggest frauds of recent times, a person called Vladimir Sklarov allegedly defauded a Mexican billionaire of $450 million using the name of one of America's most famous wealthy family.

The 63-year-old Sklarov allegedly used Astor family name and a sham financial company to gain control of shares worth about $450 million belonging to Salinas Pliego. The scheme revolved around a company called Astor Asset Group, which prosecutors say falsely claimed to be connected to and financially backed by the storied Astor family of New York.

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