Russian Officials With Magnitsky Ties Barred From U.S.

Jul 27 2011 | 11:08am ET

The U.S. State Department has instituted a visa ban against Russian officials connected with the death in 2009 of hedge fund lawyer Sergei Magnitsky.

The ban on travel to the U.S. covers 60 people, and comes less than a month after a damning report on Magnitsky's death issued by Medvedev's human rights investigative committee. That committee found that Magnitsky, who represented Hermitage Capital Management, was denied adequate medical care and eventually beaten to death after almost a year in custody on tax fraud charges.

The State Dept. did not officially notify Russia of the decision, which was disclosed in a letter to 19 senators pushing for even tougher sanctions against the Interior Ministry officials, including asset freezes.

That would "have foreign policy implications that could hurt our international sanctions effort on countries like Iran, North Korea and Libya, and jeopardize other areas of cooperation including transit to Afghanistan," the State Dept. said.

Russia, which has previously blasted foreign intervention in the case, took a more diplomatic approach yesterday. Mikhail Fedotov, who heads the committee that wrote the report, said Russian understands the State Dept.'s "noble goals," but warned, "one also needs to see possible unpleasant consequences."

Russia recently opened a criminal probe into two former prison doctors implicated in the Magnitsky case.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.