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Politics : Politics for Pros- moderated
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To: DinoNavarre who wrote (758078)2/27/2022 7:25:59 AM
From: skinowski3 Recommendations

Recommended By
DinoNavarre
kckip
Thomas M.

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Bill Browder was one of the early “investors” in the post-Soviet Russia. He ran a hedge fund, which for a short time was the most successful hedge fund in the world. I read Browder’s book about that. Basically, he did the same thing the Russian oligarchs did - he used to his advantage Russia’s economy privatization process. Every citizen received a voucher representing their share of ownership of the national economy. Immediately, there appeared an entire industry of buying up and consolidating those vouchers. People who managed to accumulate many of those vouchers became rich.

Browder (and his investors) were some of those people. Some local politicians and oligarchs resented an American with financial backing taking over wealth that could nave become theirs. They gave Browder a hard time. Eventually, he was accused of breaking some laws and was squeezed out of Russia. He blamed Putin.

His lawyer, Magnitsky, was arrested, beaten - and died in prison. That led to the “Magnitsky act” in the US.

Well, all this is an interesting story. But, how this makes him an expert on Russia is not entirely clear. He’s been a passionate anti- Russian activist ever since.
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