Posted on 02/17/2014 8:27:41 AM PST by Uncle Chip
CBS? CBS News? They want to expose corruption in Russia?
I would think the Pulitzer brass ring would be a lot lower on the tree in Washington District of Corruption.
lol.
Only 20%? I guess the Russians are just jealous of the Washington racket that skims upwards of 50% of the GDP for legal plunder through taxes and cronyism. Even the mafia types would be jealous of the fed “protection” shakedown racket.
The moneylines of the interview:
Scott Pelley: How did it make sense to you to invest hundreds of millions of dollars into these companies if you knew that the management was stealing from the bottom line?
Bill Browder: We said to ourselves if we can own them cheap on a profit after stealing basis and we can stop the stealing then they’ll be even cheaper and therefore we can make a lot of money.
Scott Pelley: Stopping the stealing was a way of padding your bottom line?
Bill Browder: I had the best job in the world which was making money and doing good at the same time. There’s very few jobs that you can actually do that in.
According to Browder, it turned out there were some crooked guys in the Russian tax service—their version of the IRS. Nineteen months after Browder was deported a squad of police raided his office and the offices of his lawyer. The police left with the ownership documents for the companies. Those documents were then used to reincorporate his companies under new owners. Browder says it’s part of a scheme by an organized crime group consisting of tax service bureaucrats, police, bankers and lawyers.
They are pikers when compared to American politicians - perhaps SeeBS should try to expose local corruption...
> American-born businessman Bill Browder: The Russian regime is a criminal regime. We’re dealing with a nuclear country run by a bunch of Mafia crooks. And we have to know that.
Thanks Uncle Chip.
We should look at corruption in the USA—especially the things coming out of Washington DC—it makes Russia look pure as driven snow.
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