George Soros battles $10B lawsuit, familiar charges of wielding political influence
FOX News World
May 5, 2017
A $10 billion suit against George Soros accuses the self-styled humanitarian of meddling in the politics of a poor African country in order to settle his own scores, a charge the billionaire’s critics say reflects his longtime modus operandi.
The 86-year-old investor, who controls a web of international nonprofits in addition to his vast financial empire, used his sway with the government of Guinea to freeze Israeli company BSG Resources out of the West African nation’s lucrative iron ore mining contracts, according to the suit filed last month in New York Federal Court by BSG Resources.
“Soros was motivated solely by malice, as there was no economic interest he had in Guinea,” BSGR alleges in court papers.
“Americans do not understand the extent to which Soros fuels this anti-constitutional, anti-American agenda.”
A spokesman for Soros, who regularly supports nascent democratic governments in Eastern Europe and Africa, said the philanthropist has a lifelong interest in helping impoverished nations, and only backed a probe of BSG out of corruption concerns.
Whatever the ultimate outcome in the current case, it is not the first time Soros has been accused of sowing political upheaval to advance a personal agenda. Critics around the world, including in the U.S. and in Soros’ homeland of Hungary, say the liberal financier often masquerades as a humanitarian while manipulating the political landscape.
“We are committed to use all legal means at our disposal to stop pseudo-civil society spy groups such as the ones funded by George Soros,” Hungary’s top education official, Minister of Human Capacities Zoltan Balog said recently.
In the U.S., Soros has spent heavily on politics from local district attorney races to presidential campaigns. While his stated goals have included reshaping the justice system, achieving income equality, battling climate change and fighting racism, critics say he has used his money to buy massive influence within the Democratic Party.
Soros has also been accused of using his Open Society Foundation and U.S. diplomatic connections to interfere with the government of Macedonia, according to Sen. Mike Lee, R-Utah.
In 2002, Soros was convicted in France of insider trading for buying stakes in companies previously owned by the government, including the bank Société Générale, based on confidential information.
In the current case, BSG is controlled by Soros’ nemesis and fellow billionaire Beny Steinmetz, who accuses Soros and his nonprofits of orchestrating a bribery probe to manipulate the administration of President Alpha Conde to strip BSGR of mining contracts.
Steinmetz claims Soros was motivated by hostility toward Israel and a 20-year-old grudge against Steinmetz regarding a business in Russia and his alleged hostility towards Israel.
“To Soros, Steinmetz’s success, as well as his active, passionate promotion of Israeli life, business and culture are anathema,” BSGR said in the complaint. “Soros is also well-known for his long-standing animus toward the state of Israel.”
BSG was stripped of its mining rights when it refused to pay hundreds of millions of dollars to keep its mining license, according to the suit, which further alleges Soros enlisted Obama’s Department of Justice to investigate BSG.
Soros has denied all the allegations. A Soros spokesperson told Fox News BSG is trying to divert attention from its own legal issues.
“The allegations in BSGR’s lawsuit are frivolous and entirely false,” the spokesperson said. “The lawsuit is a PR stunt meant to deflect attention from BSGR’s mounting legal problems across multiple jurisdictions.”
BSG hopes to make Soros’ influence on the U.S. government, and in particular the Obama administration, a key part of its case. After the Soros-backed probe claimed evidence of bribery against BSG, the U.S. Department of Justice convened a grand jury to look into the case. Critics say it is an example of Soros using his political clout to further his goals.
J. Christian Adams, a former DOJ attorney under the Obama administration who is now president of Public Interest Legal Foundation, told Fox News Soros had the Obama DOJ at his beck and call.
“Soros’ organizations in the U.S. were instrumental in shaping DOJ policy under the Obama administration,” Adams said, noting allegations that Soros was involved in police procedures and voter ID rules across the nation. “Americans do not understand the extent to which Soros fuels this anti-constitutional, anti-American agenda.”
A DOJ spokesperson declined to confirm or deny whether it is investigating BSG as part of a criminal case, but confirmed it has found jurisdiction in the past to investigate bribery in Guinea’s lucrative mining industry in cases involving neither BSG nor Soros.
Attorney for BSG Resources Louis Solomon told Fox News they hope to begin court proceedings in July in New York City.
Case 1:17-cv-02726-JFK Document 1 Filed 04/14/17
Allegations in the complaint:
2) used of his organization and financial status to delay, damage, and destroy $5 billion investment by BSG through fraud, illegality, defamation, and criminal action in a mine in Guinea as well as damaging their business interests world-wide
3)actual and threatened extortion of plaintiffs and others
4) grossly manipulated valid and lawful processes
5) fabricated, uttered, and repeated lies about the plaintiff
6) declared Soros to be a convicted felon arising insider trading in France
7) as a result of Soros interference and pressure 2 BSG employes detained for seven months without trial or due process ( because of litigation for the employees rights, both received greater than $10 million)
8) Suit calls for the Soros organization to be dismembered and restitution of $10 billion minimum for lost contractual investment and revenue
For whatever reason – either lack of populous education and civil rights or extremely violent and abusive government, Guinea has been a land of turmoil for at least the last hundred plus years (see BBC timeline).
When western civilization (mostly French overrule in the area of Guinea) began arriving, their objective was not the welfare and education of the populace but rather a ready cheap labor force to strip the country of its natural wealth.
I am not saying all were that self-centered, certainly there have been some who for the length of their commitment have done a good bit to raise awareness and support better government and living conditions. Missionaries and humanitarians have attempted to change the general populace for the better.
That said, the many evils of man either from native Guineans or from extremely powerful, wealthy businesses and countries have always found the intrusion (into a poorer, less informed, or weakened country ripe for chaos) challenging, exciting, and profitable. Rather than seeing the natives for themselves and their beliefs, these people both wealthy and socially active have been determined to remake the populace with little regard for their actions or the dignity of those they have decided need change. They consider their actions as superior and righteous when in reality neither is necessarily true. There are two sides to every coin. They have actually fostered and encouraged the disenfranchisement of traditional values which were stabilizing within the native populace.
The truth is that all of humanity generally is riddled with bribery, corruption, fraud, and deceit. The extent it is allowed to prevail is the issue. Morality, principles, education, understanding, and deep faith in something beyond this world are the only factors which stave off the evils.
As to Soros, a timeline of the extent of his manipulations and interference can and does show what this man has done since his emergence from WWII to force upheaval, encourage chaos, and create instability. He is not the only one behind the scenes but has become the face of the greater evil some of the most wealthy in the world have done to destabilize for their own personal gain.
We cannot lay all the blame on this one man. But…from all we have been witness to in the US…his political, economic, and education-oriented interference is apparent. Other countries also are aware but generally unable financially to take on the monster with the deep, dangerous, and deadly pockets.
While the lawsuit is a good start, it needs must also be in conjunction with DoJ, FBI, State Department and others in our government in order to successfully bring down a real and abiding national security threat to our country. Once the main domino falls here, then more countries who are themselves worried will be better able to root out and destroy the tentacles of tyrannical NWO.
Financial Practitioner Simple Timeline (extremely basic)
Academic Freedom Conference – online document from conference held on September 11, 2013 in Illinois (note: I can in no way verify the authenticity nor accuracy of this document)
France conviction 2002
England 1992 – broke Bank of England in one day by betting against British currency
Hungary 2017- NGO interference within the country
Russia 2010 – threw Soros and his foundations out
In fairness the following is from Veterans Today providing their take on the issue of Guinea. Warning, this is a totally liberal view from an “investigative” liberal reporter written in a website from a supposedly “veteran” point of view. I do NOT endorse it. Simply provide it for readers.
Veterans Today – “Soros Sued For Defaming Mossad Human Trafficker”