When will the Russian Billionaires have enough of Putin

TreeFrogTrader said:
They have legal rights. Being a so-called oligarch is not in and of itself. For a number of reasons, the oligarch may or may not choose to appear.

Ultimately, it is related to the government's power to seize the assets where it can be reasonably demonstrated that they are the fruits of criminal activity. The government bears the burden of proof, and can bargain and settle and all of that.

It gets complicated because the government many be asking another country to participate in the seizing or it might - be on the receiving end- being asked to seize base on some other countries request where we have a reciprocal agreement, and then there is/are a pantload of international/UN based treaties.

And it can get much more complicated if assets are being seized under some kind of war powers or powers inherent in armed conflict, etc. etc.

I think most of the Russia oligarchs are just being pursued/property seized under basic u.s. statues related to money laundering/ profits from illegal activities- and they have a court order to go with it. The government does tend to abuse its authoritiy in that area because it knows that the defendant usually does not want to appear- although certainly many do - and their counsel usually appears to at least negotiate some things. The government often just shakes down the oligarch/el chappo type. They seize all their stateside assets but agree to a settlement a YUGE amount remotely just knowing that the defendant does not want to appear. Good position to be in.
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Thanks Tree.
This is why I get my fair and balanced info at ET.

As an aside... I do hope Cuddles is ok though. For real.
Bigger picture here I guess.
Despite his never ending propensity for click-bait... you could always count on him to break a story damn near as fast as a Bloomberg terminal.
Plus, no one wants to see anyone fall in harm's way.
He is gone though. Very strange.
Hope you're ok H4M.
 
vanzandt said:
Quick question here.

And please note, I truly am kinda clueless about these kind of things, but an honest question... how can the US government confiscate real-estate, yachts, etc... without some kind of trial where the person in question is proven guilty of some crime?

El Chapo... yes. The dude was probably wanted in a dozen countries and the evidence was indisputable. But just because someone is a so-called Oligarch... shouldn't there be some kind of due process applied here?

If guilt by association is now a crime... I mean... doesn't that go against everything that has made this country what it is? How many 100% guilty folks have gone free because of the Miranda Rights? Is the difference because the Miranda Rights perps were on our soil? That could be, again I have no idea... but... (and I know as well as all ya'll do, these guys aren't choir boys and more than likely are guilty as sin of something)... but.... shouldn't they get a hearing or something?
Where's our in house attorney @El OchoCinco?
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Not exactly sure if the U.S. has openly siezed anything... I see a lot of European countries have frozen assets and siezed yachts or planes but not a lot of oligarchs have assets in U.S. (taxes).

But to do so does require a process in the U.S...

https://www.reuters.com/world/us/ho...-control-russian-oligarchs-assets-2022-03-07/
 
El OchoCinco said:
Not exactly sure if the U.S. has openly siezed anything... I see a lot of European countries have frozen assets and siezed yachts or planes but not a lot of oligarchs have assets in U.S. (taxes).

But to do so does require a process in the U.S...

https://www.reuters.com/world/us/ho...-control-russian-oligarchs-assets-2022-03-07/
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One of the things that confounds the discussion a bit is that many of the reports refer to "sanctioning" the oligarchs. "Sanctioning" is not really a loosey goosey non-legal term and is not necessarily a "seizing" of anything. So it is sort an oligarch by oligarch discussion. Some of them have criminal charges for money laundering for illegal activities, others are bad actors associatied with a bad actor country and the US is sanctioning them by saying they can no longer enter the country or do business with XYZ bank or the like. That does not trigger the full spectrum of rights that a foreigner has if there is actually a seizing of property or a criminal charge.
 
Cuddles said:
lolwut, you've been on ignore the better part of 2 yrs. Someone sure needs moving on though...
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You need to figure out the "block" function of ignore dipshit.
I've also seen your posts for two years. Duhhhh.
 
Russian Billionaire Who Criticized Putin Forced To Sell Company Shares: 'Kremlin Will Kill Me'
https://www.ibtimes.com/russian-bil...sell-company-shares-kremlin-will-kill-3491128
  • Oleg Y. Tinkov said Kremlin did not allow him to negotiate the price of selling his shares
  • He said he received warnings from his friends who had contacts in Russia's security service
  • Tinkov said a warning was issued to the senior executives of the Tinkoff Bank a day after his post
A Russian billionaire who previously criticized President Vladimir Putin and the war in Ukraine has been forced by Kremlin to sell his company shares, according to a report.

Oleg Y. Tinkov, the founder of TCS Group Holding and the digital Tinkoff Bank, had a net worth of $9 billion in November. His net worth has now fallen to $8.23 billion after Kremlin forced him to sell his 35% stake to Russian mining billionaire Vladimir Potanin, who is close to Putin. Moreover, he was not allowed to negotiate the price of the sale, The New York Times reported.

“It was like a hostage — you take what you are offered,” Tinkov told the newspaper during a phone interview Sunday.

The Russian billionaire added that he had hired bodyguards following warnings from his friends, who had contacts in the country’s security service.

“The Kremlin will kill me,” he said.

Tinkov added that many of his business acquaintances and government contacts told him privately that they agree with his comments on the war. However, they “are all afraid” of the potential consequences if they dare cross Putin.


Tinkov had called out Putin and slammed Russia’s invasion of Ukraine in an Instagram post in mid-April.

"I do not see ONE beneficiary of this insane war!" Tinkov wrote in Russian on Instagram. "Innocent people and soldiers are dying. The generals woke up from a hangover, realized they had a sh---y army."

"Dear 'collective West' please give Mr. Putin a clear exit to save his face and stop this massacre," he added.

Tinkov said Kremlin called the senior executives of the Tinkoff Bank a day after he published his Instagram post. The executives, Tinkov said, were warned that any association with their founder was a major problem.

Tinkov is one of the few Russian elites who has spoken out against the invasion of Ukraine. In February, Alfa Bank founder Mikhail Fridman published a letter to staff where he said he was convinced that war “can never be the answer” and called for the end of the “bloodshed.”

Oleg Deripaska, a metal mogul, also took to Telegram to call for negotiations between the Ukrainians and Russians.
 
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