Tuesday, July 27, 2004

And you think Enron was bad? A look at Yukos

Sure US investors have seen their share of fraud cases (Adelphia, Enron, Worldcom etc.) However, with the seemingly imminent collapse of Russian Oil giant Yukos, it is worthwhile to remember that the US and Europe do not have a monopoly on fraud and corruption--in fact, it may be worse elsewhere!

Background:  As you proabbly know the Russian Oil giant Yukos owes an estimated $7 billion in back

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