Russian Bank Linked To Embezzlement Gets Ch. 15 Protection

By Alex Wolf (February 10, 2017, 4:37 PM EST) -- An insolvent Russian bank with more than $3.3 billion in liabilities and hounded by accusations that its former president and others embezzled about $13 million from clients' accounts and used some of it to buy New York City real estate was granted protection under U.S. bankruptcy law on Friday....

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