

Signed into law in 2012, it focused attention on the sort of corruption they'd uncovered. It originally sanctioned people linked to that tax fraud and Sergei Magnitsky's death.

He lobbied for a landmark piece of legislation called the Magnitsky Act. American's fight to expose corruption in Russia ("60 Minutes")."I made a vow to his memory, to his family, to myself that I was going to devote all of my time, all of my energy, and all of my resources to go after the people who killed him, make sure they faced justice," Browder replied. "Do you feel responsible for his death?" Doane asked. Sergei Magnitsky died in a Russian jail in 2009. Magnitsky then provided testimony to the Russian state investigative committee: "But five weeks after Sergei testified, the same officials whom he testified against arrested him, put him in pre-trial detention in Russia, where he was then tortured to get him to withdraw his testimony." Sergei was the person who figured out the whole $230 million tax rebate fraud." Lawyer Sergei Magnitsky was killed for investigating corruption in the Russian government. "A bunch of Russian officials seized my documents, and then organized an identify theft of my companies, and then organized for a $230-million tax refund of taxes that we paid back to those stolen companies so they could enjoy the money. "My company paid taxes to the Russian government," said Browder. That lawyer and friend was Sergei Magnitsky, who'd been investigating a tax fraud scheme on Browder's behalf.

"It takes an investment guy whose lawyer and friend was brutally murdered, and has made it his mission for the rest of his life to go after the murderers, to do this," he replied. "The whole idea of money laundering is to make it so complicated that effectively nobody could put together a chart like this." Bill Browder shows correspondent Seth Doane the route of money laundering.ĭoane asked, "It takes an investment guy who's moved to Russia to do this?" "The money flowed from the Russian treasury through Moldova, to Latvia, then to Switzerland," said Browder. Hitting Putin where it hurts? How to sanction "a very rich man"īrowder showed Doane charts laying out the web of elaborate money-laundering operations they helped to uncover.Meet a Russian oligarch hit by sanctions ("Sunday Morning").What is a Russian oligarch? Here's what to know as the U.S.But it turns out that he wasn't trying to end the oligarch era he just wanted to become the biggest oligarch himself." "Well, it was interesting because at the beginning of this moment, Vladimir Putin was fighting with the same guys that I was fighting with.

"Not a way to make yourself very welcome in Russia?" asked Doane.
