Browder Ordered To Comply With Subpoena In A Money Laundering Case

Browder Ordered To Comply With Subpoena In A Money Laundering Case

William “Bill” Browder, the co-founder and CEO of Hermitage Capital Management has been ordered by a federal court in Manhattan to comply with a subpoena in connection with the information he provided to prosecutors in a money laundering case.

Browder tried to resist subpoena

Browder received the subpoena after his guesting on “The Daily Show” hosted by Jon Stewart last month. He promoted his new book on the show. Browder tried to refuse to accept the subpoena.

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On Monday, United States Federal Judge, Thomas Griesa of the Southern District of New York issued a ruling that compels Browder to travel to New York for a deposition on April 15.

Randy Mastro, a partner at Gibson Dunn & Crutcher LLP said Browder said the hedge fund manager “does not have to consent to a deposition.”  Mastro is representing the hedge fund manager. He explained that Browder is living and working in England and is currently carrying a British passport. Browder is a former U.S. citizen.

In his ruling, Judge Griesa said emphasized that Browder must comply with the subpoena in New York because he conducts his business in the city on a “reasonably regular basis.”

Judge Griesa also ruled that the hedge fund manager is not required to comply with another subpoena, which was served in A