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Word: cemago (lookup in dictionary) (lookup stats)
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...years after the fall of communist power, the Wild East was no place for faint hearts. Artyom Tarasov, one of Russia's first post-communist millionaires, recalled how quickly business disputes could turn into something much nastier when he described an incident from 1992 at the Club Volodya Cemago in Moscow. "A number of gangsters turned up that day with a clear mission: extract several million dollars from me or, failing that, kidnap me," he said. A veritable army then emerged from both sides - 30 to 40 men. "Given that all were armed to the teeth, it was only...

Author: /time Magazine | Title: The New Gangsterism | 5/7/2008 | See Source »

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