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This post is part of a feature in which he wonder whatever happened to some notorious financial felons. See all 17.

Boris Abramovich Berezovsky, Russia's first billionaire, now lives in exile in London. "I am really thinking of returning to Russia after Putin collapses," Berezovsky told the BBC earlier this year.

Former mathematician turned media tycoon, Berezovsky was one of the first Russian oligarchs, as well as a member President Boris Yeltsin's inner circle, or "family," in the 1990s. He even served as deputy secretary of Russia's security council and was also a member of the State Duma. He helped introduce Vladimir Putin to the "family," only to have Putin turn around and try to curb the political ambitions of Russia's oligarchs, including wresting control of the country's main television channel, ORT, from Berezovsky. After Putin became the Russian president, Berezovsky fled to the United Kingdom to escape charges of defrauding the government, where he was granted political asylum. In 2007, a Moscow court convicted Berezovsky of embezzlement in absentia and sentenced him to six years in jail.

The U.K. has denied all attempts to extradite Berezovsky, who continues to be a vocal critic of Putin and his administration. He has publicly stated his mission to bring down Putin, and has antagonized his opponent by traveling to Georgia in 2003 and Latvia in 2005, as well as investing in and public ally supporting a business run by Neil Bush, the younger brother of U.S. President George W. Bush.

Continue reading Financial Felons: Boris Berezovsky

Financial Felons: Boris Berezovsky originally appeared on BloggingStocks on Wed, 19 Nov 2008 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alexander LitvinenkoBoris BerezovskyBoris YeltsindissidentsDmitry Medvedevembezzlementfinancial felonsMikhail KhodorkovskyNeil Bushpolonium-210Russian oligarchVladimir PutinWed, 19 Nov 2008 14:00:00 EST<![CDATA[Wal-Mart (WMT) and Best Buy (BBY) recipients of embezzled NASA funds]]>http://www.bloggingstocks.com/2007/08/20/wal-mart-wmt-and-best-buy-bby-recipients-of-embezzled-nasa-f/http://www.bloggingstocks.com/2007/08/20/wal-mart-wmt-and-best-buy-bby-recipients-of-embezzled-nasa-f/http://www.bloggingstocks.com/2007/08/20/wal-mart-wmt-and-best-buy-bby-recipients-of-embezzled-nasa-f/#commentsFiled under: , , ,

We'd all love to refurnish our homes for free, and one lady who recently worked for NASA knows that dream all to well. Elizabeth Osborne -- former employee of the National Aeronautics and Space Administration -- used her employer-supplied bank card to set herself up with a plethora of goods from Wal-Mart Stores, Inc. (NYSE: WMT), Best Buy Co. (NYSE: BBY) and other retailers, instead of providing living quarter expenses for the families of astronauts and visiting dignitaries.

Osborne worked for NASA for 31 years, and pleaded guilty last week to embezzling more than $157,000 from the space agency to buy goods for herself instead of for astronauts' families. Osborne would buy items from various retailers for her own personal use and would then falsify records to cover her tracks -- but the game was up when NASA officials found more than 400 fraudulent purchases from 2001 to 2005. Apparently, Osborne's favorite retailers to use embezzled funds at during those years included Lowes Co. Inc. (NYSE: LOW), Wal-Mart, Best Buy and Sears Holdings Corp. (NYSE: SHLD). At Wal-Mart alone, she shopped 157 times during that time period for gift cards and other merchandise totaling $51,000.

Products at other retailers varied from air conditioner units to beds to artwork to booking hotel rooms for family and friends. As such, Osborne faces 10 years in prison and a fine of up to $250,000 in addition to paying back NASA for the items she fraudulently charged. Perhaps she can give back all that merchandise and really make U.S. astronauts comfy and warm? Nah, thought not.

Wal-Mart (WMT) and Best Buy (BBY) recipients of embezzled NASA funds originally appeared on BloggingStocks on Mon, 20 Aug 2007 19:15:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BBYBest BuyBestBuyembezzlementRetailWal-MartWMTMon, 20 Aug 2007 19:15:00 EST