May
2012
Sunday, September 20, 2009
JULIAN GARCIA, NYDailyNews.com, 

Reported Nets backer and Russian millionaire, Mikhail Prokhorov has suspect background

The Russian billionaire who is on the verge of funding the Nets' long-awaited move to Brooklyn is a hard-partying bachelor who was arrested in 2007 on suspicion he was involved in an upscale prostitution ring.

 

Mikhail Prokhorov, recently named the 40th wealthiest man in the world by Forbes, has an estimated net worth of $9.5 billion. And while Forbes estimates that the 43-year-old tycoon lost approximately 51% of his fortune in the last year, Prokhorov is still reportedly close to issuing a $700 million bond through his investment firm, Onexim, that would help Nets owner Bruce Ratner build the long-delayed Barclays Center in downtown Brooklyn.

Prokhorov, who reportedly could also take over a majority stake in the team if a deal is reached, was arrested in January 2007 while on vacation at a French ski resort when police cracked down on a suspected prostitution ring. According to numerous reports at the time, Prokhorov told investigators that he flew beautiful women in from Russia because he enjoyed their company.

Posted by Tracey on 09/20/09 at 09:54 AM •  (0) Comments

Related Scoundrals

Share Your Ire

blog comments powered by Disqus
Vile Quotes

"I'm not an angel but I'm not a crook. I have not done anything that any other public official hasn't done."
Jimmy Dimora

graphic