Book Review of Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice by Bill Browder. Published originally in The Weekly Standard.

Not long after Russia's financial crisis, in 1998, I attended a conference on Eastern European stock markets. The keynote speaker was Richard Pipes, veteran historian of Russia and the Soviet Union. His talk included an examination of how property rights had evolved—or, rather, failed to evolve—in Russia over the centuries. "If we'd heard that a year ago," one battered investor told me, "we would have saved a lot of money." It's a shame that Bill Browder was not there that day.