Billionaire Reuben Brothers Win Battle Over Russian Fraud (1)

A New York court has found that the billionaire Reuben brothers were defrauded by a family friend of an old business contact who took $25 million of their money to invest in a Russian poultry business.

The judgment is the culmination of eight years of legal action by the Reubens over the investment into a fund run by Elliot Daniloff — who, according to testimony heard in court, was viewed by David Reuben as “a younger version of himself.”

David and Simon Reuben, who have combined net worth of $13.6 billion according to the Bloomberg Billionaires Index, made ...