Posts Tagged ‘business insider’
Russian Authorities Are Continuing Their Trial Against A Hedge Fund Lawyer — Even Though He Already Died In Prison
Sergei Magnitsky, a lawyer for Hermitage Capital, tragically died in Russian custody in 2009, and a somewhat official report last year found that police torture contributed to his death.
However, despite his death, Magnitsky is still on trial.
Ria Novosti reports that the Russian Interior Ministry have told the Magnitsky family that they have concluded an initial investigation and they were ready to submit the case against the late Magnitsky to court.
Magnitsky had been arrested for tax evasion shortly in 2008, not long after he had accused tax and police officials of carrying out a hefty $230-million tax scam. The CEO of Hermitage Capital, William Browder, also faces charges but had fled the country. The case against Browder had reached the statute of limitations but now appears to have been reopened.
Read More →
Facebook
Twitter
Google Buzz
LinkedIn
del.icio.us
Google Bookmarks
Yahoo! Buzz
Tumblr
StumbleUpon
FriendFeed
NewsVine
Digg
This Hedge Fund Manager Is Up 5% And He’s Been Fighting Corrupt Russians
Hemitage Capital’s chief executive, hedge fund manager Bill Browder, is up 5% YTD and he’s doing it while fighting corrupt Russians.
Browder’s $1 billion hedge fund made most of its money investing in Russian companies — until he had a falling out with authorities. Now Browder is not allowed in the country.
He was banned from entering Russia, “blacklisted” and named a “threat to national security,” after accusing Russian tax officials of corruption and embezzlement in 2006, according to a report in The Economist.
Read More →
- Facebook
- Twitter
- Google Buzz
- LinkedIn
- del.icio.us
- Google Bookmarks
- Yahoo! Buzz
- Tumblr
- StumbleUpon
- FriendFeed
- NewsVine
- Digg
