The U.S. government reached a roughly $5.9 million settlement in a money laundering case with a firm that was accused of being tied to a scheme to defraud the Russian treasury of $230 million.

Each side claimed victory in the wake of the accord.

The case had been set for trial on Monday, but the Southern District U.S. Attorney’s Office and lawyers for Prevezon Holdings announced the deal late Friday.

Acting Southern District U.S. Attorney Joon Kim said the settlement amounted to three times Prevezon’s alleged $1.9 million cut from the scheme and more than 10 times the amount traced to a $582,000 investment in high-end Manhattan real estate.

“We will not allow the U.S. financial system to be used to launder the proceeds of crimes committed anywhere—here in the U.S., in Russia, or anywhere else,” Kim said in a statement.

Assistant U.S. attorneys Paul Monteleoni, Cristine Phillips and Tara LaMorte prosecuted the case.

The government alleged that in 2007, a Russian crime syndicate stole the identities of companies held by Hermitage Capital Management and used them to fraudulently obtain tax returns. Hermitage was represented by Sergei Magnitsky, whose suspicious 2009 death in a Moscow prison became an international cause célèbre.

In a statement released by a U.S. public relations firm, Prevezon noted that the company and its owner, Denis Katsyv, had no knowledge of wrongdoing and that the settlement was not a forfeiture.

“Throughout this case, Prevezon and Mr. Katsyv have been appalled by the steady stream of false narratives in the U.S. media about this case, and look forward to resuming their legitimate business activities around the world,” the release stated.

Prevezon was represented by Quinn Emanuel Urquhart & Sullivan partners Faith Gay, Kevin Reed, Adam Abensohn and associate Renita Sharma.