New York socialite wanted in Russia is sentenced to 11 years in prison for 'embezzling more than $194million' - but will she leave New York?

  • Janna Bullock, 49, has been sentenced in absentia to 11 years in a Russian jail
  • Allegedly embezzled more than $194million from the Moscow treasury
  • It is not clear if Bullock will ever leave the States and serve her sentence
  • The Russian government has already seized some of her properties and cars
  • Source says she still lives an exquisite life throwing parties at her $30million Hampton's mansion

Janna Bullock, 49, has been sentenced to 11 years in prison

Janna Bullock, 49, has been sentenced to 11 years in prison

A New York socialite has been sentenced in absentia to 11 years in a Russian jail for allegedly embezzling more than 11billion rubles ($194million) from the Moscow treasury. 

US citizen Janna Bullock, 49, and her ex-husband Kuznetsov, as well as accused accomplices, allegedly fraudulently moved regional funds to offshore firms to finance an extravagant lifestyle.

However it is not clear if she will serve her sentence because the U.S. and Russia have no extradition agreement, as seen in high-profile cases including that of NSA contractor Edward Snowden who left America in 2013.

If she visits any of her lavish properties abroad, however, she may be extradited or held in agreement with the Russian government - just as France has done in holding her ex-husband Kuznetsov since 2013. 

But already some of her estates have been seized by the Russian government to repay the material damage it claims she has caused.

Her seized properties include hotels Crystal and Pralong in France, an apartment in Paris, two apartments in Switzerland, a villa in Saint-Tropez, and fine art spanning 27 paintings and eight sculptures. 

Her extensive car collection has also been seized and includes 10 Rolls-Royce, Mercedes and Bentley cars, as well as a motor yacht. 

Bullock, 49, and her ex-husband Kuznetsov, as well as claimed accomplices, allegedly fraudulently moved regional funds to offshore firms to finance an extravagant lifestyle

Bullock, 49, and her ex-husband Kuznetsov, as well as claimed accomplices, allegedly fraudulently moved regional funds to offshore firms to finance an extravagant lifestyle

Bullock, left, with daughter Eugenia Bullock, center, has already had properties and cars seized outside the US

Bullock, left, with daughter Eugenia Bullock, center, has already had properties and cars seized outside the US

Bullock grew up in the Belarusian town of Pinsk and went on to St.Petersburg where she taught Russian literature but her life changed when she emigrated to the US in 1990 and settled in the Russian enclave of Brighton Beach in Brooklyn. 

In New York she worked as a paralegal in the office of an immigration lawyer and soon after met Kuznetsov. 

She then started to work in the real estate business and went on to flip mansions and luxurious properties in Manhattan. 

Bullock also worked as an art dealer and sat on the board of the Guggenheim from 2007 to 2010. 

She lived a jet-set lifestyle running her hotels in France that became a hub for Russia's elite. 

She also launched a real-estate development company in Moscow that conducted substantial business with the Moscow Oblast government, whose finances were teetering at the time Bullock and Kuznetsov left Russia in 2008, according to RadioFreeEurope. 

Janna Bullock and Cory Hay attend the 20th Anniversary Celebration Of Christian Louboutin at Bergdorf Goodman on February 1, 2012
Janna Bullock attends the kick-off dinner for Lighthouse International's POSH Fashion sale at the Oak Room on May 11, 2010

Bullock rose in the New York social sphere flipping properties and working as an art dealer

Bullock with her daughter Zoe Remmel (center), who made headlines in 2008 for her extravagant wedding

Bullock with her daughter Zoe Remmel (center), who made headlines in 2008 for her extravagant wedding

Bullock (second left) smiles with daughter Zoe (right), her husband Towson Remmel (second right) and their young children in 2012

Bullock (second left) smiles with daughter Zoe (right), her husband Towson Remmel (second right) and their young children in 2012

Bullock's younger daughter Eugenia, 21, poses with boyfriend in sparkling gold dress

Bullock's younger daughter Eugenia, 21, poses with boyfriend in sparkling gold dress

Bullock has been married four times. A source close to her tells Dailymail.com that Bullock still lives an exquisite life throwing parties at her $30million Hampton's mansion.

The source says that Bullock hired publicists to legitimize her stance in American society as an art dealer and realtor.

She has been most recently romantically connected to skin care mogul Peter Thomas Roth. 

She has two adult daughters Zoe Remmel, 28, and Eugenia Bullock, 21. Remmel made headlines in 2008 for her extravagant and expensive wedding to Towson Remmel with whom she has two children. 

Eugenia is enrolled at the University of Pennsylvania where she studies Politics, Philosophy and Economics; Russian and Eastern European Studies. 

The source says she now lives travelling between Miami and New York City.

Lavish homes: She's famous for flipping pricey real estate such as this Hamptons home

Lavish homes: She's famous for flipping pricey real estate such as this Hamptons home

She owned his beach home in Heller, South Hampton which is now listed as a full season rental

She owned his beach home in Heller, South Hampton which is now listed as a full season rental

Her French Alpes Hotel Pralong (above) is a hot destination for Russian elite to ski 

Her French Alpes Hotel Pralong (above) is a hot destination for Russian elite to ski 

The Crystal Hotel, above, is her second hotel also in Paris, that was seized by Russian authority

The Crystal Hotel, above, is her second hotel also in Paris, that was seized by Russian authority

The comments below have been moderated in advance.

The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

We are no longer accepting comments on this article.