Péter Magyar Claims Orbán-Linked Oligarchs Are Fleeing Hungary with Billions

Only to be defenestrated so Putin can prop up the shambles of an economy with their seized assets

Why go there when they can give Trump a tiny bribe and live in Miami?

They are actually fleeing to the US 😂🤷‍♀️ and they think Trump will protect them

They will go to London, Berlin or New York City like they have for the past 30 years.

They aren't that stupid. Switzerland, Monaco, USA will greet them like old friends. 

if you mean USA yes

Even Russian oligarchs head for London. London's awash with ill-gotten money & the communities to help them hide their cash.

Russia? that is so last year they are going to America now!

They could come to the US and do the same thing. Maybe start a tech company and get some nice government access on the side. Lower risk of being suicided too.

they'll be welcomed with open windows! sorry, arms

They have the option of going to the US now. Probably cheaper to bring the Trump admin and less chance of falling out a window.

"Patriots"

Why would they when Londongrad City will welcome them and their dirty money with open arms. Business will be booming at that one Isle Of Man cottage with 300 registered lawyer offices.

Dubai or even hiding in other parts of europe is going to be easier and better

And then fall out of windows

A little while later…they suicide themselves out a window

Nah, they are coming to UK

The money is leaving. The writing is on the wall

From what I understand money comes after power in putins vertical axis of power. If you get power then you’ll get money with it. If you fall out of favour then the money is just taken away (along with your life likely too)

Then lock their bank accounts, throw them out of windows and use the cash to prop up a collapsing economy

America will do the same.

Probably end up in the same complex as Bashar and Yanukovych

Would be almost impossible. These oligarchs made most of their wealth "lawfully" because Orban shaped those laws accordingly. Meszaros is a chilhood friend of Orban who was running a failed construction firm in 2007. He's now a billionaire. Orban personally gave him all the big government contracts via some legal loopholes. You'd be seizing assets that were obtained trough legitimate business activity which is hard to build a case around. The EU hasn't managed to legally seize the frozen assets of Russian oligarchs either. We're even paying the maintenance on those yachts because not doing so would result in a lawsuit for destroying property.

America is the zero sum game for corruption.  While America is corrupt. Oligarchs own the world.  If America ever scrubbed this corruption off, it would retaliate against the oligarchy on a global scale and that would be the end of them.  They know that and that's why they've gone all in on hijacking america. It's eat or be eaten for them after what they've done. They know the truth will come out sooner or later on the big scale and they need to have this country locked down and its history erased before that happens. 

Exactly what will happen in America when shit returns to normal.

It's either there or Russia, and I feel like Putin is a little bit more strict with his corruption, USA is open season

Makes you wonder what they’ll do with those billions. Definitely not try to influence American politics!

Everyone knew this would happen. This statement is just a confirmation, and a declaration that Tisza has evidence, or else the government would have already sued.

Actually, he did

He ran on anti corruption and to recover stolen state assets. 

He promised wealth tax and "road to prison" program for corruption.

He promised prison for criminals

I dont think he is in power yet.

I doubt that's legal in Hungary without a court order. They'll be gone by the time evidence is gathered and presented to courts.

He can't do so until May 9th. Regardless, he has publicly called on law enforcement to not allow the expatriation of funds that are suspected stolen, emphasizing that refusing to do so goes against the law and will result in prosecution. He also added that even if the beneficiaries of Orbán's corruption fled to countries that do not have extradition treaties signed with Hungary, there are no guarantees that he can't arrange those treaties in the near future.

Orbán is still in power until the new assembly is formed. Until then Orbán’s people are still in charge.

Yeah, Magyar is not stupid. From the article >The leader of the Tisza party called on the National Tax and Customs Administration to immediately freeze assets he claims were illegally acquired. He also urged the Prosecutor General and National Police to arrest those responsible for “damaging the Hungarian people by many trillions of forints” before his government officially takes office in May.

Sadly the very same people who flee are those that can issue arrests and freeze assets. Best we can do is trying to save as much evidence as possible (for example people scan through the trash bins of ministries and collect all the shredded paper documents they can carry) and rush the formation of a new government as fast as possible. The first session of the parliament is on May 9, and for the first time a new government will form instead of waiting for a later session, eliminating days or even weeks from the last Orbán government. There are rumours that banks stopped many transfers lately on suspicion of money laundering, but many banks are, again, owned by the very same people who flee or their close friends.

He isn't officially in power yet.

What would they be arrested for?

For breaking what law?

Dubai and Israel is haven for these types already. Recent example: https://news.bitcoin.com/zondacrypto-ceo-flees-israel-97-million-fraud-probe/

They only need $5M to buy a Trump visa in the US. They'll go wherever they can buy their way in.

They're fleeing to the u.s too

If true, that's classic grounds for an "odious debt" tort in the International Criminal Court against Orban, et al., as well as the corrupt banks or other parties who took advantage of the Hungarian people and the incoming administration. Such lawsuits are rare, hard to win, and costly and protracted in their litigation, but they are an option in such cases as Hungary's.

Additionally, declare citizens' assets held in foreign banks forfeit unless returned for vetting and taxation. This way, any banking institution can simply keep the money from the thieves and there is no recourse for them.

Krakosia!!!!

"Peter American" would be a more precise equivalent. Magyar is the family name, Péter is the given name. It's not a super common name in Hungary, but also not rare either. Tóth (Slovakian/Slavic), Németh (German), Oláh (Romanian), Horváth (Croatian) are all more common family names compared to Magyar. Tóth is like the 3rd most common family name in Hungary, Magyar is around the 40th or something. Around 20% of Hungarians have family names that refer to ethnic/national/etc origins, so 1 in 5 people have a family name that refers to some ethnicity or national origin or idk whatever this is called in English. As a Hungarian, his maternal grandpa's nickname is incomparably more funny to me. ("Paul is Legally Binding" lol) [https://hu.wikipedia.org/wiki/Er%C5%91ss\_P%C3%A1l](https://hu.wikipedia.org/wiki/Er%C5%91ss_P%C3%A1l) I love that finally more people start to learn the Hungarian word for Hungarian because of this... I know eg. Arabic, Turkish, Slovakian, Croatian, Slovenian and some other languages had it right since before 1000BC basically. But English didn't fully get the memo (outside of scientific texts). Maybe now English will get the memo?

I will be calling that guy "John Hungary" as much as possible.

it's a relatively common name, but a nice coincidence (especially given the "patriotic" stance of Orban's party) some more fun fact: The campaign manager of Péter Magyar was Péter Tóth, whose family name "Tóth" basically means "Slovak" (_and_ also Slovenian, which are two rather different countries, but that's history for you!); furthermore, he is a pretty much politically left-ish guy, while Magyar is center-right

Let's not confuse "capital flight" with running off with *stolen* money.

Capital flight may be real but it isn’t really bad for a country. Those billionaires were never paying into the country anyway, so if they leave, Hungary doesn’t lose the money they “would have gotten” from tax, since they would get nothing either way. What they could do here is freeze assets, then they would actually get something.

Or anyone who leaves country must pay a penalty or relinquish all assets in that country

isn't orban still in power?

They're going to the US. Good luck destroying it.

Can’t arrest them while they are still politicians unfortunately.