City Confidential (1998–2006)
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Minneapolis, MN: Deadly Investment 

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Crime | Documentary

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23 July 2005 (USA)  »

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Don't Mess With People's Money!
1 July 2008 | by (Lockport, NY, United States) – See all my reviews

Some people don't take too kindly to losing money, at least not when they entrust it to someone who (unofficially) promises to make a profit with it, not lose it all for you.

That's what happened in this finance-murder story that took place in the Minneapolis area in the early winter of 1991. In January, a man was found chopped to pieces with much of his body found under a compost heap. They never did find his hands and head. However, it did not take too long to discover who it was: stock broker Michael Prozumenshikov.

Prozumenshikov, a Russian immigrant like a lot of folks in the area, was a "driven man," according to CC narrator Keith David. CC tells us the story of Prozumenshikov, and how he wanted to become a dentist but couldn't pass the U.S. tests for it, but didn't want to wind up as some low-end manual labor worker. He decided to get into the stock market business and found out, to condense the story, how to make big bucks in that job. The key was the make a lot of transactions, since he made a commission on each buy-and-sell. Since the Russian community is a tight one, Prozumenshikov wound up with a lot of his comrades as customers.

Prozumenshikov wound up climbing the brokerage ladder fast. Soon, he was a big name in the business. However, thanks to some market crashes in the late '80s, a lot of Prozumenshikov's customers wound up losing money. One of the biggest financial losers was a man named Zachery Persitz. The crime story starts and ends there as Mr. Persitz did not take kindly to losing most of his money. He took it to extremes and wasn't very clever in how he exacted his revenge. It wasn't hard to catch him.

The Russian community, as a whole, was not sorry to hear of Prozumenshikov's death.

Persitz's high-profile lawyer claimed "temporary insanity." Thankfully, the jury didn't buy it......and justice prevailed. CC's ending moral message was "be careful who you trust with your money and beware of the risks of the market."


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