Moscow Times probes business dealings of North Carolina congress

[donsu]

man

http://rawstory.com/aexternal/moscow_times_charles_taylor_525

A North Carolina congressman who once pushed for the creation of a home-mortgage program in Russia was quietly giving out loans with interest rates as high as 60 percent, the Moscow Times will report in Thursday's editions, RAW STORY has learned.

The Times will assert Congressman Charles Taylor's (R-NC) business partner is a former KGB officer who rose to general in the FSB (successor to the KGB), and who once held a job as head of economic security in the scandal-ridden post-Soviet bank SBS-Agro who collapse helped speed the Russian economic crisis of 1998.

The Times is also said to have discovered new elements in an older scandal that has received scant national attention. A bank Taylor founded and later ran became infamous as two of his close associates there pleaded guilty to bank fraud.

The paper will also name an investment firm not previously discovered by the press.

In 2001, one of Taylor's friends and contributors, Charles Cagle, plead guilty to charges of bank fraud and money laundering after taking out $1.3 million in loans from Blue Ridge, a bank Taylor owned.
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oh those N.C. suits have a way with finance