Yuri Sagaydak, was deputy general director of Renaissance Capital Investment Management Ltd. until 2006.[https://medium.com/@wsiegelman/a-fresh-look-at-erik-princes-house-intelligence-committee-testimony-and-emails-with-christophe-6603f06c6568 <nowiki>[6]</nowiki>] During the investigation in the Magnitsky case related to allegations in tax evasion and fraud Sagaydak gave testimony regarding the First Tax Refund of 2002, which was and still is not recognized as a crime by the Russian Government[https://www.russian-untouchables.com/eng/group-crimes-p2/ <nowiki>[7]</nowiki>]. 