Employees of Soros’ Russia Foundation diverted much of its cash to Swiss bank accounts or spent it on luxury cars. By 1996 the office had been reorganized three times-NY Times, 12/17/1996, 10/20/1997, Judith Miller

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Soros is a convicted felon for insider trading involving a French bank in 1988. His conviction was upheld in three appeals: 2002 in France, 2011 in European Court of Human Rights, and 2012, when the Grand Chamber of the Human Rights Court declined to hear his appeal.

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The millions Soros said he’d be spending to “help” Russia would all be channeled through his Open Society Institute-Russia which as of 1996 had undergone three reorganizations due to much of its cash being diverted to “Swiss bank accounts and luxury cars.”

Oct. 20, 1997, “Soros to Donate Millions More to Help Russia,” The New York Times, Judith Miller, print ed., Section A, Page 1

[Image: 1992, Soros seated across from Yeltsin. “Russian President Boris Yeltsin and American financier George Soros, 1992, Moscow, Russia. President of Russia Boris Yeltsin (L) meets with American financier George Soros (R). Alexander Sentsov/TASS]

“Mr. Soros said that the details of the new programs for Russia were still being worked out, but that all of the money, which will total a minimum of $300 million and as much as $500 million in the next three years, would be channeled through his Open Society Institute–Russia. He was forced to restructure the foundation and to replace its leaders last year [1996] after discovering that employees were diverting foundation funds into Swiss bank accounts and using them to buy luxury cars.

”The foundation is now operating very efficiently,” Mr. Soros said….He began his philanthropy in Russia in 1987, before the collapse of the Soviet Union.”

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“His Russian foundation…has undergone three reorganizations.”

12/17/1996, “With Big Money and Brash Ideas, A Billionaire Redefines Charity,” NY Times, Judith Miller

“His Russian foundation, for example, has undergone three reorganizations since Mr. Soros learned that much of its budget was diverted into Swiss bank accounts and luxury cars."….(Subhead, “The Personality,” scroll down)

 

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