Men Charged With $100 Million Theft Plot

NEW YORK?Two executives from a World Trade Center brokerage have been charged with plotting to steal $100 million from investors?a theft discovered days after the Sept. 11 terrorist attacks.

An indictment unsealed Monday accuses Andre Koudachev, 38, owner of First Equity Enterprises, of transferring the missing money to overseas bank accounts before becoming a fugitive. The government has so far seized $5.5 million from New York, New Jersey, Chicago and Switzerland.

Also charged with conspiracy was former First Equity president Gary Farberov, 32, who pleaded innocent Monday and was released on $500,000 bond. His attorney, Charles Clayman, said the charges were based on “rumors and false information.”

Koudachev’s investment firm “was basically a boiler room operation, soliciting investors worldwide, then stringing along those investors with blatant lies,” said Barry Mawn, head of the FBI’s New York office.