Nationalization of Yukos Causes Flight of Businessmen, Capital from Russia

| 1 Comment | No TrackBacks

New York, NY --(www.FinancialNewsUSA.com)-- 01/10/2005 - Imagine having your livelihood, business and dreams ripped away in an instant. Everything you’ve worked for your entire life is stripped, taken in the blink of an eye. One day you’re a respected, productive and affluent citizen – the next you’re an enemy of the state.

Stories like these are not fiction. For businessmen from Russia and other countries where instability and corruption are ways of life, success can amount to ruins in a matter of days. One of the better known examples is the case of oil mogul Mikhail Khodorkovsky who was put in jail as the Russian government nationalized his company – the forth largest oil company in the world.

The rapid eroding of nascent Russian democracy is prompting many Russian businesspeople to seek relocation to politically stable countries. This trend has given birth to AdvancedWealthProtection.com, a New York-based company that helps Russian businessmen protect their freedom and their families by providing relocation and assets protection services.

Alex Konanykhin, the founder of Advanced Wealth Protection and a former partner of Khodorkovsky, knows first-hand how quickly fortunes may change in countries like Russia. His story has all the makings of a blockbuster movie: drama, bogus accusations, kidnapping, escape, and even a happy ending. The difference is that unlike most big screen tales, his story is real.

Born in 1966, the young Russian whiz kid attended the Moscow Institute of Physics and Technology. By the early 1990s, however, he had fully embraced his country’s new spirit of capitalism. Instead of a technical career, he became an entrepreneur and a banker.

His climb to business success under his country’s new democratic reforms was steady and fast. At 20, he was already a self-made millionaire. By the age of 25, he was one of the most influential businessmen in Russia.

His world, however, would soon come crashing down.

In 1992, the KGB kidnapped Konanykhin and hijacked his banks and companies. Konanykhin escaped his kidnappers and fled to the United States where he thought he was safe to pursue his dreams in his new home. He was wrong.

His articles on KGB efforts to restore control over Russia caused a lot of anger in Moscow. In 1995, the FBI notified him that the Russian Mafia, assisted by corrupt Russian officials, had a contract on his life. The next year the Russian government demanded extradition of Konanykhin, alleging that he stole $8 million from his own bank. The Department of Justice arrested Konanykhin and allowed Russian military prosecutors to search Konanykhin’s Watergate apartment. The court, however, found the charges to be fabricated to punish Konanykhin for his anti-corruption activities. Konanykhin was granted Konanykhin political asylum and awarded $100,000 in compensation.

Konanykhin had to re-build his business from scratch. It wasn’t long before he proved himself as successful in New York as he had been in Moscow. Konanykhin’s Internet business (see www.KMGI.com) is considered an industry leader and his accomplishments in the United States have even earned him the title of 2004 New York Businessman of the Year. More details of his personal story can be found at www.Konanykhin.com.

As his successes were earning Konanykhin a bevy of media attention and industry awards, Konanykhin witnessed from afar the corruption continuing in his homeland. “Last century, the KGB jailed and killed millions. Will it happen this time around? Many businessmen do not want to bet their lives it won’t. It is already happening to some,” said Konanykhin. He has vowed to help others before they face the horrors he and his partner have experienced.

Konanykhin’s life experience makes his new company uniquely qualified to assist other businesspeople to set up solid, productive lives in countries where they and their families can enjoy the freedom to live and work in peace. AWP seeks to only assist those who can prove themselves to be law-abiding and successful entrepreneurs. “All host countries conduct a thorough due diligence check on each applicant, and we do our best to assist them,” said Konanykhin.

AWP retains experienced immigration lawyers in several countries and has compiled an extensive database on immigration programs available for foreign investors around the world. Most investors may qualify for speedy naturalization in tax haven countries with a relatively small investment, while those who seek permanent residence in the United States or Canada will need to invest at least US$500,000 or CND $400,000 respectively.

The USA and other countries that receive these displaced, yet self-made and quite successful, businesspeople come out winners as well, Konanykhin pointed out. Not only do they benefit from new investments, they gain residents with proven entrepreneurial talent.
Contact Information:
Alex Konanykhin
703.242.7114

Financial News USA
Tel: (626) 961-8041
Email: info@financialnewsusa.com

No TrackBacks

TrackBack URL: http://www.offshorenet.com/cgi-bin/on-mt/mt-tb.cgi/150

1 Comment

These fucks should be jailed, corp types are commies and criminals that get away with practically murder. The U.S. dropped out because of crackdowns on illegal market corruption, it's all over the world, get over it, so we're not in the top ten, now the crooks of europe are fooling everyone.. Get a clue!!!!

Newsletter

Invest Offshore 

Social Networks

Invest Offshore on FacebookOffshoreNet on Twitter
Invest Offshore on YouTubeSilicon Palms on MySpace

Archives

Invest Offshore

About this Entry

This page contains a single entry by Aaron A Day published on January 10, 2005 5:30 PM.

U.S. Drops Out of Top 10 'Freest' Economies was the previous entry in this blog.

Feds Bust Checker King in Money Plot is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Creative Commons License
This blog is licensed under a Creative Commons License.