In May 2013, we published information about a so-called virtual deck of cards allegedly featuring faces of Russian Mafia members. The virtual deck of cards and accompanying press-releases contained a photograph of businessman Victor Remsha and information about him and company Finam. Unfortunately, we made a serious mistake when we included Victor Remsha and Finam to the virtual deck of cards of ‘Russian Mafia’ and to those publications. We sincerely apologize to Victor Remsha and Finam for all reputational damage that the publications caused.

Institute for Russian Research.


A copy of the consent order between Mr. Remsha and Finam and Institute for Russian Research must be posted on this site as per (pursuant to para. 18 of the Consent Order). The  copy of the consent order can be downloaded here (PDF).