| A North Carolina
congressman who once pushed for the creation of a home-mortgage
program in Russia was quietly giving out loans with
interest rates as high as 60 percent, the Moscow
Times will report in Thursday's editions, RAW
STORY has learned.
The Times will assert Congressman Charles
Taylor's (R-NC) business partner is a former KGB officer
who rose to general in the FSB (successor to the KGB),
and who once held a job as head of economic security
in the scandal-ridden post-Soviet bank SBS-Agro who
collapse helped speed the Russian economic crisis of
1998.
The Times is also said to have discovered
new elements in an older scandal that has received scant
national attention. A bank Taylor founded and later
ran became infamous as two of his close associates there
pleaded guilty to bank fraud.
The paper will also name an investment firm not previously
discovered by the press.
In 2001, one of Taylor's friends and contributors,
Charles Cagle, plead guilty to charges of bank fraud
and money laundering after taking out $1.3 million in
loans from Blue Ridge, a bank Taylor owned.
Article originally published May 25, 2005. |
