Russian traders lived a life of luxury on £77 million fraud

Three City traders stole ‘well over $100million’ from their employers while staying at luxury hotels and enjoying meals at Michelin star restaurants, a court heard. Georgy Urumov, 37, was allegedly part of a group that swindled Russian owned banking group Otkritie. Urumov’s wife Yuri Balk, 36, is accused of laundering money from the fraud by spending £19m on a house in ‘Millionaire’s Row’ in St John’s Wood, northwest London. Fellow traders Vladimir Gersamia, 33, and Alessandro Gherzi, 37, are also…