George Soros is typically associated with left-wing political activism, and rightly so. The number of leftist groups he funds through his Open Societies Foundation and other organizations must number into the hundreds.
During the recent presidential campaign he was clearly on Hillary’s side, funneling untold millions into efforts to derail the Trump candidacy. It was alleged that some of those millions wound up financing violent protests, hence it’s likely that Mr. Soros is not above bending the law when it suits his purposes.
So it should come as no surprise that Mr. Soros is now the target of a lawsuit that asserts that “Soros and ‘his minions’ used ‘fraud, illegality, defamation and criminal misconduct to besmirch BSGR’s [the plaintiff’s] reputation, which led to them losing the contract to develop the mine in the Simandou mountain range.”
This is not some run-of-the-mill, minor case. Given the plaintiffs and the seriousness of the charges, Soros could be in trouble here.
The lawsuit further claims that “Soros is a ‘racketeer billionaire’ who ‘acts in utter disregard for the rule of law’ while he ‘epitomizes’ the well-worn phrase ‘power tends to corrupt; absolute power corrupts absolutely.'”
At this point you really don’t have to know much about the case to tend to agree with that characterization of this billionaire financier of all things leftist. We figured this out a long time ago. It’s just nice to see it in court documents.
At issue is the conduct of Soros in regard to the mining rights to an iron ore deposit in the nation of Guinea. The claim in the lawsuit is that Soros funded a successful effort to destroy the reputation of the company BSGR by making fraudulent claims about the firm such that the government of Guinea rejected BSGR’s bid to develop the mine.
“Steinmetz [another billionaire] and BSGR lost rights to develop the mine when the Guinean government ruled they obtained permits by paying million in bribes, including to the wife of the former President. They claim the government based the ruling on false reports spread by Soros and his affiliates, including the ‘Soros-funded law firm of DLA Piper.'”
The case is messy enough without rehearsing all the details here. But the point has been made. Everyone knows that George Soros is corrupt, the question is whether he will ever be called to account for his nefarious actions.
It could be that if it is proven by the court that the plaintiffs are correct, Mr. Soros might have finally stepped over the line with this stunt in Guinea that will be his undoing.
And would be an undoing that is long overdue.