
TRIGGERnometry The Real Reason Putin Invaded Ukraine — Sir Bill Browder
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Jul 4, 2026 Bill Browder, an investment manager turned human rights activist who exposed Russian corruption and championed the Magnitsky Act. He recounts his rise in post-Soviet Russia, the thefts by oligarchs, and the murder of his lawyer Sergei Magnitsky. He argues Putin invaded Ukraine to distract from kleptocracy, explains why Putin cannot give up power, and urges tougher Western action.
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How Browder Became Russia's Biggest Foreign Investor
- Bill Browder built the Hermitage Fund after seeing Russia's mass privatization give away vast assets for pennies.
- He went from advising to investing, growing the fund to $1bn by exploiting undervalued state assets in the 1990s privatizations.
Police Raids Turned Into Fraudulent Company Theft
- In 2005–2007 Russian police raided Browder's offices and re-registered his holding companies to criminals using seized stamps and documents.
- Browder evacuated his team, sold his shares quietly, but the state later fraudulently stole empty companies and pursued him via Interpol threats.
Sergei Magnitsky's Investigation And Murder
- Sergei Magnitsky, Browder's lawyer, uncovered a $230m tax refund fraud and then was arrested, tortured, denied medical care, and beaten to death in custody in 2009.
- Magnitsky filed 450 complaints from detention and refused to sign a false confession that would blame Browder.

