A $10 billion suit against George Soros accuses the self-styled humanitarian of meddling in the politics of a poor African country in order to settle his own scores, a charge the billionaire’s critics say reflects his longtime modus operandi.
The 86-year-old investor, who controls a web of international nonprofits in addition to his vast financial empire, used his sway with the government of Guinea to freeze Israeli company BSG Resources out of the West African nation’s lucrative iron ore mining contracts, according to the suit filed last month in New York Federal Court by BSG Resources.
“Soros was motivated solely by malice, as there was no economic interest he had in Guinea,” BSGR alleges in court papers.
“Americans do not understand the extent to which Soros fuels this anti-constitutional, anti-American agenda.”
– J. Christian Adams, former DOJ attorney
A spokesman for Soros, who regularly supports nascent democratic governments in Eastern Europe and Africa, said the philanthropist has a lifelong interest in helping impoverished nations, and only backed a probe of BSG out of corruption concerns.
Whatever the ultimate outcome in the current case, it is not the first time Soros has been accused of sowing political upheaval to advance a personal agenda. Critics around the world, including in the U.S. and in Soros’ homeland of Hungary, say the liberal financier often masquerades as a humanitarian while manipulating the political landscape.