Norilsk CEO Arrested by French Authorities

Apparently, Russian Mikhail Prokhorov, CEO of Norilsk (NILSY) has been up to more than nickel mining. French authorities have arrested him and over 20 women in what they are calling a prostitution ring operated by Mr. Prokhorov in the French Alps.

But when you are an unmarried, handsome, young (41) and rich guy who Forbes lists as something like 89th world’s richest person (US$7.6 billion), I suppose there are always a few ski bunnies around.

As editors like to say, this story has legs.

NILSY 1-yr chart