Crime, Offshore and Taxes in Putin’s Russia

Great story by Barron’s on Russian tax officials and cops involved in a 230 million USD scam. An intricate web of offshore companies is involved and several people died in “Russian” circumstances. The whistle blower who brought light in the case, Sergei Magnitsky, died in jail where he was interrogated by the same people he was accusing.  Interestingly enough the same group of offshore company formation agents, GT Group, that the Organized Crime and Corruption Reporting Project reported on are involved in the case. Latvian banks have again been used as in many other instances where major  fraud and money laundering schemes have been pulled off.