2005-05-06

Capitalism: New Russian Style

Despite Russia recently being designated as a country with no free-press and democracy being beaten down in subtle ways by Mr. Putin, capitalism is alive and well when it comes to government officials.

This article recently came to my attention and it even has a Pittsburgh connection! It seems that the former Russian Minister of Atomic Energy along with his American associate may have bilked several countries out of $9 M USD. Many shell corporations and international bank accounts were used to divert the money in more ways than a Swiss banker could come up with, although they claim that the money was sent abroad due to a distrust of the Russian banking system. In all fairness, that may be true, since during the early 90s there was rampant distrust of domestic money markets. What makes this look especially bad for the two is that the money was to be used to help increase security at Russian nuclear sites. You can bet the USA will try to fuck these guys as hard as it is legally allowed to (and then more). It will be interesting to see what happens in this case, but I hope for these guys' sake that they have a hell of a defense team.

1 comment:

Anonymous said...

Russians screw people as it is. They come here to bilk our social security and other money that we pay taxes from out of our paycheck.