The Rest Is Money 121. The Man Most Feared By Putin: Part 2
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Dec 16, 2024 Bill Browder, a former investment fund manager and critic of Russian corruption, shares his extraordinary journey from success in post-Soviet Russia to being targeted by Putin. He recounts chilling encounters, including a near-arrest in Spain linked to his activism. Browder discusses the harrowing story of Sergei Magnitsky and the global push for the Magnitsky Act. The conversation also delves into the clash between communism and capitalism, highlighting the dangers of unregulated financial systems and the ongoing fight for human rights amid geopolitical tensions.
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From Billions to Exile
- Bill Browder, initially a capitalist seeking fortune in post-Soviet Russia, became the largest foreign investor.
- His success turned when he challenged oligarchs' theft, leading to a national security threat label and expulsion.
Putin's Hidden Wealth
- Putin's wealth is hidden through trustee arrangements, avoiding direct ownership.
- Oligarchs act as trustees, holding assets for Putin to prevent blackmail.
Office Raid and Tax Fraud
- After exile, Browder's Moscow office was raided, and his companies were fraudulently re-registered.
- This led to a $230 million tax fraud, exposed by lawyer Sergei Magnitsky, who was later tortured and killed.