The business magazine Barron’s reported that late last month documents emerged out of London that linked a shell company called Bristoll Export, registered in New Zealand by GT Group, to a scandal that some commentators claim has the potential to be Russia’s Watergate.
It centres on Russia’s largest tax fraud, which occurred on Christmas Eve, 2007, when Moscow tax officials approved a same-day refund of $US230 million to a gang masquerading as representatives of Hermitage Capital, once the largest portfolio investor in Russia.
The money was funnelled through accounts at Citibank, JPMorgan Chase and Credit Suisse via a series of shell companies, one of which was allegedly Bristoll Export.
Four of the six people said by police to have pulled off the fraud are now dead. One had a fatal heart attack. A second fell from his balcony. The third plummeted out of a penthouse window.
The fourth was Sergei Magnitsky, a 37-year-old lawyer for Hermitage Capital who died in prison after he provided evidence that the money had been stolen by a ring of corrupt tax officials, police and career criminals.
And when corrupt tax cheats and known gangsters die in Russian prisons, as we all know, it’s almost always of natural causes. This information all comes from a Sydney Morning Herald profile of Geoffrey Taylor, by the way, and it’s quite the read.
At the moment, it’s hard to tell what “Bubblegum Films’” connection to the GT Group is, other than a tax haven/shell company. But perhaps there’s some interested prosecutor, or lawyer for Melissa King who’d be willing to find out. I’m just spitballing here. So what’s the takeaway? I guess it’s that when a porn company outs the stars of one of their videos, it can turn out that they themselves are hiding stuff a lot worse than a little jizz in the face. That people in glass houses shouldn’t throw jizz, say. I think it was Nietzsche who said that.
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Mike South
It's No wonder I took up drugs and alcohol, it's the only way I could dumb myself down enough to cope with the morons in this biz.
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