Shadow Elite

From the book:

"(1) Hay was connected to Vasiliev through the Russian SEC, because Hay controlled the Institute for Law-Based Economy (ILBE), which funded the “Russian SEC” (the Russian equivalent of the U.S. Securities and Exchange Commission) and Vasiliev was both vice-director of the board and managing director of the Russian SEC;
(2) Hay was connected to Vasiliev through the Russian Privatization Center (RPC), because Hay was on its board of directors, while Vasiliev was its deputy chairman; and
(3) Hay was connected to Vasiliev through the State Property Committee, because Hay was its senior legal advisor, while Vasiliev was deputy chairman.

In addition to (and using) their formal organizations, the same two individuals were connected to each other through business transactions, including the following:
(1) Hay was connected to Vasiliev, who in two of his roles was deputy chairman of the board and managing director of the Russian SEC. Vasiliev arranged for Hay’s wife’s company – a little-known mutual fund, to be the first licensed fund in Russia – over and above the applications of Credit Suisse First Boston and other big players; and
(2) Vasiliev, through his position on the Gore-Chernomyrdin Commission, also arranged for Hay’s wife’s to be a member of one of the commission’s working groups."

© 2009 by Janine Wedel
Published by Basic Books, 2010