Banker Busts: After $20 billion in losses, justice on the way?

Faces of fraud? (L to R) Alexander Pisaruk, former deputy central bank governor; Oleksandr Hrytsenko, chairman of state-owned Ukreximbank; oligarch Ihor Kolomoisky, former co-owner of PrivatBank; and agro-tycoon Oleg Bakhmatyuk, former owner of VAB Bank, have all been accused of bank fraud. Kolomoisky is a defendant in U.S. and U.K. civil lawsuits. The other three are criminal suspects in Ukraine. All deny the accusations that are part of the fallout of this decade’s spectacular collapse of the banking sector, costing taxpayers $20 billion, after an orgy of insider lending and bank fraud.