Breaking: Democrat Financier GEORGE SOROS Found Guilty in France for Insider Trading

 

It’s been quite a week for Democrat financier George Soros.

Earlier in the week The Financial Times of Great Britain named Soros their man of the year for funding open borders fanatics and anti-Western causes around the globe.

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And, now this…

George Soros was found guilty this week of insider trading in France.

He will be fined $2.3 million for his crime.

The New York Times reported:

After a 14-year investigation, a French court today convicted the American financier George Soros of insider trading and fined him 2.2 million euros ($2.3 million), the amount prosecutors said he had profited from the trading. Mr. Soros, who was not present in the courtroom, called the verdict unfounded and said he would appeal.

Mr. Soros, chairman and president of Soros Fund Management, is one of the world’s richest fund managers, and probably its most famous. He is best known for making huge and very successful speculative bets in currency markets, and for his extensive philanthropy, most notably in countries of Eastern Europe.

Prosecutors accused Mr. Soros of buying stakes in four formerly state-owned companies in France, including one of the country’s leading banks, Société Générale, for his Quantum Endowment Fund in 1988 based on confidential information. The stakes were worth a total of about $50 million at the time.

(GLOBALISTS) -George Soros crowned ‘person of the year’ by Financial Times, but not everyone is cheering

George Soros crowned ‘person of the year’ by Financial Times, but not everyone is cheering

Georges Soros (L) ; Anti-Orban demonstrators in Hungary © Reuters / Charles Platiau / Laszlo Balogh

Being “under siege” from Donald Trump and Vladimir Putin has earned George Soros the FT’s ‘person of the year’ title. Eyebrows were raised over the not-at-all biased description of the billionaire as a champion of democracy.

For thirty years, liberal businessman and philanthropist Soros has used his vast wealth to crusade against“authoritarianism, racism and intolerance,” the FT profile reads.

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Armed with his expansive grant-giving network, Open Societies Foundations (OSF), the Hungarian-American spread his influence to some 100 countries across the globe. The NGO currently has annual expenditures of over $940 million, with 26 national and regional foundations and offices.

There’s hardly a question over whether the Soros-funded apparatus is doing the right thing. The first paragraph of the story says it just “helped thwart an allegedly corrupt nuclear power plant contract with Russia” – a feat to be admired in the liberal world.

“We haven’t stopped having a beneficial influence,” Soros is then quoted as saying.

ALSO ON RT.COMGeorge Soros’ Open Society foundation ends operations in Hungary

But there’s a worrying trend for the Democrat mega-donor, passionate advocate for open borders and outspoken critic of Brexit. More and more detractors see his work as an existential threat to conservative values and even state sovereignty.

The “standard bearer of liberal democracy and open society” has found his ideals “under siege” as he “has attracted the wrath of authoritarian regimes and, increasingly, the national populists who continue to gain ground,” writes FT.

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At one point Soros sounds a bit more critical of himself than the paper, as he acknowledges he’s a divisive figure, something he still believes indicates his effectiveness as an activist.

“I’m blamed for everything, including being the anti-Christ,” Soros says. “I wish I didn’t have so many enemies, but I take it as an indication that I must be doing something right.”

Soros wasn’t joking. Hungarian lawmaker Andras Aradszki of the Christian Democratic People’s Party (KDNP) once declared that it is a Christian’s duty to oppose Soros’ calls for Europe to take in asylum seekers from Africa and the Middle East – what Aradszki called Satan’s Soros plan.” The lawmaker added that “Soros and his comrades want to destroy the independence and values of nation states.”

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In May, the OSF ended its operations in Hungary, citing an “increasingly repressive political and legal environment.” A month later, Hungary’s parliament passed the ‘Stop Soros’ law which threatens jail time for anyone helping illegal immigrants claim asylum.

Hungarian PM Viktor Orban accused Soros of attempting to use mass migration to undermine Europe’s stability.

“Soros has antagonized not only us but also England, President Trump and Israel too,” Orban said in February.“Everywhere he wants to get migration accepted. It won’t work. We are not alone and we will fight together… and we will succeed.”

ALSO ON RT.COMHungary approves ‘Stop Soros’ law criminalizing aid to illegal migrants

In the UK, the billionaire has been sharply criticized for his donations of over £800,000 ($1,062,000) to pro-EU campaigns. The pledges included £400,000 to Best for Britain, a campaign group that has been at the forefront of anti-Brexit activism.

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The businessman’s activities have received similar hostility in the United States, where some have accused him of providing assistance to the so-called “migrant caravan” which made its way from Central America to the US’ southern border. “The venom, long concealed among extreme right networks, has leaked into the mainstream,” laments the FT.

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Soros, along with other notable critics of Donald Trump, such as former President Barack Obama, the Clintons and CNN, was recently targeted by an alleged pipe bomb mailed to his home in New York.

A prominent backer of the Democratic Party, Soros has called Trump a “danger to the world,” and once (wrongly) bet that stocks would collapse if Donald won presidency. The bet reportedly cost him $1 billion – quite affordable for the investor who is currently worth $8.3 billion after his 2017 transfer of $18 billion to the OSF.

ALSO ON RT.COM‘Lock him up!’ Smiling Trump joins chant against Soros (VIDEO)

For a man who made billions short-selling the UK pound sterling and has been accused of several more currency crises in Asia, FT’s Soros comes across as a wise old benefactor “looking beyond his formidable legacy” in his “twilight years.”

READ MORE: Soros sold off Facebook stocks before they tanked, documents show

But for all the accolades, the paper may have forgotten that the businessman has long had his sights set on a title more ambitious than merely the ‘person’ of the year. In a 1993 interview with the UK Independent, Soros actually confessed that he suffers from a god complex.

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“It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out,” he said.

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