BG Madoff has his pawns lying about Magnitsky Act again
The fugitive banker is panicking at the looming retribution; instructs a paid defender to champion his cause on agent Academician's website
7 June, 2018
Tsvetan Vassilev, aka the Bulgarian Madoff, who defrauded thousands of depositors and punched a hole of over BGN 4bn in CorpBank's balance sheets, has launched his latest propaganda campaign with fake news items regarding the Magnitsky Act case. Apparently, the Fake News Factory serving the interests of the Bulgarian equivalent of Bernard Madoff is utterly frustrated by the reading of the over 5,000-page indictment in the ongoing case in the Specialised Criminal Court against the fugitive banker Vassilev, in which he is charged with the embezzlement of billions of levs from CorpBank.Two weeks ago, the website Frognews, which is financed by Vassilev and published by his journalist on strings Ognyan Stefanov (a former State Security agent who operated under the alias Academician), dragged into its latest manipulation US Senator for Texas John Cornyn. Now the chorus of deceivers has been joined by Konstantin Simeonov, a lawyer for the Bulgarian Madoff. Yet again, thanks to the platform of Frognews, Attorney Simeonov, who was once charged with subornation of perjury in relation to the Papazki case, concocted another fabrication on 30 May. According to him, the results of the US investigation into the Magnitsky Act claim filed by Vassilev are already on President Donald Trump's desk and the “verdict” is to be read in July-August. Attorney Nathan Hochman of the Morgan, Lewis & Bockius LLP, one of the most highly regarded law firms in the world, and tasked with representing our publisher, MRF lawmaker Delyan Peevski on the Magnitsky Act claim Vassilev filed against him, categorically disproved the latest fable produced by the Fake News Factory. In a statement, Hochman, a former federal prosecutor and currently lead council on the case, said: “We investigated the claims made by Konstantin Simeonov, attorney for Mr Tsvetan Vassilev, regarding the status of the lodged baseless complaints under the Magnitsky Act (disseminated by frognews.bg on 30 May 2018), and we have found those to be erroneous and fake. In other words, nothing more than fake news.” The law firm, which is among the world's most reputable and employs 2,000 lawyers in 30 countries, took on the task of representing our publisher, MRF lawmaker Delyan Peevski in the claim filed by Tsvetan Vassilev against him, and Hochman is a lead council on the case. Unlike the Bulgarian Madoff’s town criers at Frognews, who spin their fake news items by the dozen, Morgan, Lewis & Bockius LLP contacted directly the office of Senator John Cornyn, which controverted reports that the senator has made any statements in relation to the Magnitsky Act. The office explicitly qualified the actions of Frognews as dissemination of fake news. Seeing that the Magnitsky Act procedure - which is the latest smokescreen created by Vassilev in his war with the institutions - is about to be exposed, his media minions of the Fake News Factory in Bulgaria obviously felt in dire need to generate increasingly phantasmagorical stories in order to justify the generous fees they are getting from the fugitive banker Tsvetan Vassilev. Even after the office of Senator John Cornyn exposed the lies spread by Frognews that the US politician has anything to do with Tsvetan Vassilev's claims under the Magnitsky Act, and after the fabrication made up by attorney Konstantin Simeonov burst like a soap bubble, the town criers of the fugitive banker hiding in Belgrade will undoubtedly continue to spew one manipulation after the other to justify the generous fees they are being paid with money stolen from CorpBank. But this will not help their mentor, Tsvetan Vassilev, who will eventually be held responsible, by society and the court of law, for his “innovative practices” in CorpBank, which led to the embezzlement of over BGN 4bn of Bulgarian depositors' money through more than 200 shell companies set up by the banker. Vassilev will also not be bailed out by the smokescreen that is the exploitation of the Magnitsky Act, which was never intended to protect financial scammers seeking a way out of punishment for their crimes.Agent Academician gets BGN 300,000 injectionIf you are asking yourselves why former agent of the State Security agency Ognyan Stefanov is playing the role of a personal press service of Tsvetan Vassilev, aka the Bulgarian Madoff, the answer is quite mundane - money, some 300,000 to be exact. This is the amount that Vassilev invested indirectly, through his affiliated firm BG Corporation, in Stefanov's newspaper Tornado. The publication lasted only about 50-60 issues before it was quickly run into the ground by agent Academician. Ognyan Stefanov's name is also on the list of people who visited Vassilev in the CorpBank headquarters while the fugitive banker was still at the helm of the bank. Stefanov appears on the visitor log books more than 15 times over a period of one year. Once the banker fled the country, agent Academician started travelling to Belgrade more often than usual. The reason for those frequent trips is that Stefanov and Vassilev meet in the Serbian capital in order for the former to receive instructions as to which of the banker's opponents to strike against next.