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There, he lobbied heavily for investing in Russia, becoming known as “the crazy fuck who won’t shut up about Russia.”
Browder had gone to Russia on assignment to the Murmansk Trawler Fleet, which was being privatized under the Russian “shock therapy” program.
He discovered that the company owned 100 trawlers valued at $20 million each but was offering a half interest for $2.5 million. (Calculate the rate of return on THAT!)
He stayed in Russia long enough to learn everything he could about the privitization program and then rushed back to London to tell his superiors that they were “giving money away for free in Russia.”
After being ignored and mocked, he was finally contacted by senior colleague in New York who had apparently heard about his rantings and wanted to know more. After discussing the opportunities in Russia,
Browder was dispatched there, $25 million in hand, to make money for the firm. He quickly snapped up $25 million in vouchers and began buying companies. In four months, he increased the investment to $125 million and became an investment superstar.
He quickly turned $100 million into $1 billion, making his investors very happy. But, remember, Browder doesn’t like paying taxes. So, he began creating a network of shell companies to hide his assets. He also began investing in Gazprom
Guess who was cleaning up the corruption? Putin. And Browder LOVED Putin, at least he did until HE got into trouble for tax cheating.
But Browder wasn’t satisfied with cheating the Russians out of their assets during privatization or with taking advantage of the laws to make more money or with leveraging Putin’s anti-corruption initiatives to make even more money. Now, Browder had to make Putin pay for what he had done. So, he set about creating a legend around a little known Russian accountant named Sergei Magnitsky.
Then they cooked the books to show tremendous losses and requested a $230 million dollar tax refund from the Russian government.
Hardly any of this was true. Sergei was an accountant, not a tax lawyer, as confirmed by his own family.
According to Browder, eight prison guards, dressed in riot gear, beat Sergei with rubber truncheons until he died. (HIs autopsy disproved this.)
Browder testified to this before Congress (but not under oath) which led directly to the Magnitsky Act.) But Browder didn’t stop.
He successfully lobbied Estonia, Canada and the EU to pass similar laws. These laws place sanctions on all the individuals involved in Magnitsky’s case and death. Those individuals are not allowed to travel to the US or use the US banking system. The purpose is to punish the supposed wrongdoers. But the entire premise of these laws is based on a fabric of lies. Here’s the Russian legal document proving Browder’s tax fraud.