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The '''Magnitsky Act of 2012''', commonly referred to as the '''Russian Sanctions bill''' is named for Serge Magnitsky, an investigator who was allegedly starved and murdered on the 357th day of a 365-day sentence while in a Russian prison. His employer, Bill Browder, is a billionaire global investor who renouncef his U.S. citizenship in 1998 and became a [[UK]] to avoid paying US taxes. With the collapse of the Soviet [[economic planning|command and control economy]], bankrupt [[Soviet]] government economic enterprises were privatized and sold off, attracting much needed outside foreign investment. Browder made very large investments and was a close ally of [[Vladimir Putin]].
 
The '''Magnitsky Act of 2012''', commonly referred to as the '''Russian Sanctions bill''' is named for Serge Magnitsky, an investigator who was allegedly starved and murdered on the 357th day of a 365-day sentence while in a Russian prison. His employer, Bill Browder, is a billionaire global investor who renouncef his U.S. citizenship in 1998 and became a [[UK]] to avoid paying US taxes. With the collapse of the Soviet [[economic planning|command and control economy]], bankrupt [[Soviet]] government economic enterprises were privatized and sold off, attracting much needed outside foreign investment. Browder made very large investments and was a close ally of [[Vladimir Putin]].
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Browder invested about $230 million in the new [[free market]] of the [[Russian Federation]], by the 2010s however Browder accused the Russians of fraudulent accounting after sustaining massive losses. Putin claimed Browder owed massive taxes after looting the  country.  
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Browder invested about $230 million in the new [[free market]] of the [[Russian Federation]], by the 2010s Browder accused the Russians of fraudulent accounting after sustaining big losses. Putin however claimed Browder owed massive taxes after looting the  country.  
    
Browder hired Magnitsky to investigate his losses, but Magnitsky was thrown in prison and accused of being part Browder's tax avoidance scheme.<ref>http://dailycaller.com/2017/07/10/senate-panel-to-hear-testimony-from-businessman-targeted-by-trump-dossier-firm/</ref>
 
Browder hired Magnitsky to investigate his losses, but Magnitsky was thrown in prison and accused of being part Browder's tax avoidance scheme.<ref>http://dailycaller.com/2017/07/10/senate-panel-to-hear-testimony-from-businessman-targeted-by-trump-dossier-firm/</ref>
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