Former Member
I am surprise that CHIEF did not jump-in as yet to back the predator
Former Member
quote:Originally posted by Pointblank:quote:Originally posted by creative:
Innocent until proven Guilty,How about 85% of these sales are blessed.These home owners are living in these houses and are thanking Ed.Structuring the Loans to create housing,Jagdeo friend alright but business associate NAH.
How can you defend this crook
True.
Former Member
quote:Originally posted by Pointblank:quote:Originally posted by creative:
Innocent until proven Guilty,How about 85% of these sales are blessed.These home owners are living in these houses and are thanking Ed.Structuring the Loans to create housing,Jagdeo friend alright but business associate NAH.
How can you defend this crook
Innocent until proven guilty. Let the law decide. REmember, OJ and the mother from Florida was assumed guilty.
Former Member
quote:Originally posted by creative:
Innocent until proven Guilty,How about 85% of these sales are blessed.These home owners are living in these houses and are thanking Ed.Structuring the Loans to create housing,Jagdeo friend alright but business associate NAH.
You must be a stooge for Ahmad to make such a statement
To call Ed Ahmed a crook is simply hateful and extremely jealous. Let us not jump too quick to conclusion. Ed has done a wealth of GOOD for our Community and Homeland. I will wait to make judgement. In the meanwhile I wish the brother well and some of you can continue to gloat at his expense.!!!
quote:Originally posted by Rahmah bin Jabr:quote:Originally posted by Pointblank:quote:Originally posted by creative:
Innocent until proven Guilty,How about 85% of these sales are blessed.These home owners are living in these houses and are thanking Ed.Structuring the Loans to create housing,Jagdeo friend alright but business associate NAH.
How can you defend this crook
True.
Former Member
dude, the feds are going to pile charges one on top of the other on him. Further, they are sure to have some squealers especially those W2s fakers you may know. Sorry to say this, Ed is not going to walk. He will plead after they are done. They do not follow you that long, spend that much resource and leave empty handed.quote:Originally posted by Nehru:
To call Ed Ahmed a crook is simply hateful and extremely jealous. Let us not jump too quick to conclusion. Ed has done a wealth of GOOD for our Community and Homeland. I will wait to make judgement. In the meanwhile I wish the brother well and some of you can continue to gloat at his expense.!!!quote:Originally posted by Rahmah bin Jabr:quote:Originally posted by Pointblank:quote:Originally posted by creative:
Innocent until proven Guilty,How about 85% of these sales are blessed.These home owners are living in these houses and are thanking Ed.Structuring the Loans to create housing,Jagdeo friend alright but business associate NAH.
How can you defend this crook
True.
Former Member
Pol's shady moneyman a 'loan' wolf
Mortgage 'fraud' suit
By ISABEL VINCENT and MELISSA KLEIN
Last Updated: 9:17 AM, July 18, 2010
Posted: 3:09 AM, July 18, 2010
More Print
The mysterious benefactor of embattled Queens Democratic Rep. Gregory Meeks is a scandal-scarred real-estate agent and importer under fire for alleged fraud.
Edul Ahmad, who gave Meeks $40,000 in 2007, has been called "untrustworthy" by state authorities and is being sued for predatory lending, The Post has learned.
He's a longtime friend of both Meeks and state Sen. John Sampson. Meeks and Ahmad used to hold after-hours meetings in the congressman's office, according to an ex-staffer.
Although Ahmad has long been known in his community, he landed in the national spotlight last month when Meeks disclosed for the first time what he termed a "loan" from the businessman.
FRIENDLY FIRE: Rep. Gregory Meeks (pictured) and Sen. John Sampson are both longtime friends of Queens businessman Edul Ahmad (top right) -- who is being sued for predatory lending by two men he allegedly roped into an "excessively priced" mortgage. Ahmad lent Meeks $40,000 in 2007.
The congressman, who had not paid a cent on the loan in three years, said he paid back the advance in June with compounded interest of 12.5 percent.
Meeks is already under federal investigation for his role in a Queens charity with questionable spending.
Now Ahmad is being sued by two Queens brothers, immigrants from Bangladesh, who accuse him of predatory lending and fraud.
The men say they contacted Ahmad in 2006 about two neighboring homes for sale in Queens but claim he falsely told them that only one was available and that another buyer was ready to snatch it up, according to court papers.
Ahmad "demanded" a $20,000 deposit and told the men they had to close on the three-family property, built by Ahmad's brother, within a week.
They were also told that they had to use Ahmad's in-house mortgage broker and were advised against using their own lawyer, court papers say.
The men claim they realized too late that "they had been induced into an excessively priced mortgage."
The suit alleges that the buyers' incomes were falsified to make it appear as if they could afford the loan and that they were required to take out a mortgage for the entire $880,000 purchase price.
The suit charges that Ahmad, his companies and his brother "specifically prey on immigrants from the South Asian community."
Ahmad's criminal-defense lawyer, Steven Kartagener, would not comment on the suit.
Ahmad's real-estate license was suspended for two months in 2008 after New York's Department of State accused him of improperly sending a solicitation to a Queens couple on a cease-and-desist list that forbids real-estate agencies from asking for their business.
Ahmad, 43, immigrated to the United States from Guyana in 1983 and earned a bachelor's degree from Baruch College in 1988.
He started his company, the Ahmad Group, in 1993, according to the company's Web site.
His diverse business interests include Century 21 Ahmad Realty, a mortgage brokerage and a catering hall in Richmond Hill. He also sells tubs and lighting fixtures through a firm called Wholesale Building Supplies and runs South American rice paddies through Pure Rice Manufacture.
Ahmad lives the high life in a McMansion in South Ozone Park. His fleet of cars over the last few years has included a 2004 Lamborghini Gallardo -- with a base price of $165,000 -- a 2003 Mercedes SL500R roadster and a succession of Range Rovers.
Yet, Ahmad cried poverty in legal papers filed in 2008 as part of the license-suspension case.
He claimed that even before the case began -- around the same period he gave the $40,000 to Meeks -- his business was "struggling because of the real-estate crisis and the economy."
Edul Ahmad
Age: 43
Born: Guyana; immigrated to the US in 1983
Education: B.S., Baruch College, 1988
Home: South Ozone Park
Married: Bibi Ahmad
Businesses: The Ahmad Group â Century 21 Ahmad Realty, Ace Mortgage Inc., Chateau Royale catering hall, Citywide Holding Inc., South America Woods, Pure Rice Manufacture, Cancept Clothing, Wholesale Building Supplies, Ed Ahmad Cup. Inc. (cricket)
Associates: State Sen. John Sampson, US Rep. Gregory Meeks, Guyanese President Bharrat Jagdeo
Lawsuits: July 8, 2010, suit alleges predatory lending and real-estate fraud, 2009 foreclosure action on Jamaica home
Additional reporting by Kathianne Boniello
Read more: http://www.nypost.com/p/news/l...H6nSgK#ixzz1T3yOuxZR
Mortgage 'fraud' suit
By ISABEL VINCENT and MELISSA KLEIN
Last Updated: 9:17 AM, July 18, 2010
Posted: 3:09 AM, July 18, 2010
More Print
The mysterious benefactor of embattled Queens Democratic Rep. Gregory Meeks is a scandal-scarred real-estate agent and importer under fire for alleged fraud.
Edul Ahmad, who gave Meeks $40,000 in 2007, has been called "untrustworthy" by state authorities and is being sued for predatory lending, The Post has learned.
He's a longtime friend of both Meeks and state Sen. John Sampson. Meeks and Ahmad used to hold after-hours meetings in the congressman's office, according to an ex-staffer.
Although Ahmad has long been known in his community, he landed in the national spotlight last month when Meeks disclosed for the first time what he termed a "loan" from the businessman.
FRIENDLY FIRE: Rep. Gregory Meeks (pictured) and Sen. John Sampson are both longtime friends of Queens businessman Edul Ahmad (top right) -- who is being sued for predatory lending by two men he allegedly roped into an "excessively priced" mortgage. Ahmad lent Meeks $40,000 in 2007.
The congressman, who had not paid a cent on the loan in three years, said he paid back the advance in June with compounded interest of 12.5 percent.
Meeks is already under federal investigation for his role in a Queens charity with questionable spending.
Now Ahmad is being sued by two Queens brothers, immigrants from Bangladesh, who accuse him of predatory lending and fraud.
The men say they contacted Ahmad in 2006 about two neighboring homes for sale in Queens but claim he falsely told them that only one was available and that another buyer was ready to snatch it up, according to court papers.
Ahmad "demanded" a $20,000 deposit and told the men they had to close on the three-family property, built by Ahmad's brother, within a week.
They were also told that they had to use Ahmad's in-house mortgage broker and were advised against using their own lawyer, court papers say.
The men claim they realized too late that "they had been induced into an excessively priced mortgage."
The suit alleges that the buyers' incomes were falsified to make it appear as if they could afford the loan and that they were required to take out a mortgage for the entire $880,000 purchase price.
The suit charges that Ahmad, his companies and his brother "specifically prey on immigrants from the South Asian community."
Ahmad's criminal-defense lawyer, Steven Kartagener, would not comment on the suit.
Ahmad's real-estate license was suspended for two months in 2008 after New York's Department of State accused him of improperly sending a solicitation to a Queens couple on a cease-and-desist list that forbids real-estate agencies from asking for their business.
Ahmad, 43, immigrated to the United States from Guyana in 1983 and earned a bachelor's degree from Baruch College in 1988.
He started his company, the Ahmad Group, in 1993, according to the company's Web site.
His diverse business interests include Century 21 Ahmad Realty, a mortgage brokerage and a catering hall in Richmond Hill. He also sells tubs and lighting fixtures through a firm called Wholesale Building Supplies and runs South American rice paddies through Pure Rice Manufacture.
Ahmad lives the high life in a McMansion in South Ozone Park. His fleet of cars over the last few years has included a 2004 Lamborghini Gallardo -- with a base price of $165,000 -- a 2003 Mercedes SL500R roadster and a succession of Range Rovers.
Yet, Ahmad cried poverty in legal papers filed in 2008 as part of the license-suspension case.
He claimed that even before the case began -- around the same period he gave the $40,000 to Meeks -- his business was "struggling because of the real-estate crisis and the economy."
Edul Ahmad
Age: 43
Born: Guyana; immigrated to the US in 1983
Education: B.S., Baruch College, 1988
Home: South Ozone Park
Married: Bibi Ahmad
Businesses: The Ahmad Group â Century 21 Ahmad Realty, Ace Mortgage Inc., Chateau Royale catering hall, Citywide Holding Inc., South America Woods, Pure Rice Manufacture, Cancept Clothing, Wholesale Building Supplies, Ed Ahmad Cup. Inc. (cricket)
Associates: State Sen. John Sampson, US Rep. Gregory Meeks, Guyanese President Bharrat Jagdeo
Lawsuits: July 8, 2010, suit alleges predatory lending and real-estate fraud, 2009 foreclosure action on Jamaica home
Additional reporting by Kathianne Boniello
Read more: http://www.nypost.com/p/news/l...H6nSgK#ixzz1T3yOuxZR
Former Member
quote:Originally posted by Nehru:
To call Ed Ahmed a crook is simply hateful and extremely jealous. Let us not jump too quick to conclusion. Ed has done a wealth of GOOD for our Community and Homeland. I will wait to make judgement. In the meanwhile I wish the brother well and some of you can continue to gloat at his expense.!!!quote:Originally posted by Rahmah bin Jabr:quote:Originally posted by Pointblank:quote:Originally posted by creative:
Innocent until proven Guilty,How about 85% of these sales are blessed.These home owners are living in these houses and are thanking Ed.Structuring the Loans to create housing,Jagdeo friend alright but business associate NAH.
How can you defend this crook
True.
Nehru, the issue is not one of what he did with his wealth, but actually how it was attained. I do think the Febs had something substantial to go on before they moved.
However, as I said, and you are correct, innocent until proven guilty.
I wonder if Ed will get time to implicate anyone within the PPP government, or whether the PPP will make sure he is silenced before getting to trial. It's the PPP's way as we know.
Former Member
Just how many Guyanese mortage and loan con men and women there are in New York? Only a few weeks ago we were discussing the other bunch from Queens Peggy Persaud, Ravi Persaud and Goberdan etc.
Former Member
quote:Originally posted by Wally:
Just how many Guyanese mortage and loan con men and women there are in New York? Only a few weeks ago we were discussing the other bunch from Queens Peggy Persaud, Ravi Persaud and Goberdan etc.
Many more out there
quote:Originally posted by Wally:
Just how many Guyanese mortage and loan con men and women there are in New York? Only a few weeks ago we were discussing the other bunch from Queens Peggy Persaud, Ravi Persaud and Goberdan etc.
Hold on Bai More to come dis ah only de trayla
quote:Originally posted by Na Cl:
I am surprise that CHIEF did not jump-in as yet to back the predator
I know you and the man had a run in a decade ago.
Now he is charged like so many other Guyanese real estate/mortgage brokers, lets wait to see the outcome.
Former Member
this shady lowlife is exactly the kind of broker i was referring to on the social site just a few short days ago. happy to see the law at work...finally!
Former Member
Jagdeo Ally And Top PPP Financier Ed Ahmad Dragged Off Delta Flight By FBI
Posted on July 24, 2011
by David| 31 Comments
Submitted by Rickford Burke
Brooklyn, New York: United States FBI Agents yesterday forcibly dragged Queens Guyanese-American Realtor and businessman, Ed Ahmad, off a Delta Airlines flight that was bound for Guyana, and arrested him on mortgage fraud charges.
Ahmad is a close political ally of Guyanaâs President Bharrat Jagdeo and a top financier of Jagdeoâs ruling Peopleâs Progressive Party (PPP).
Ahmad, who owns major businesses in Guyana including, Building Materials and Appliances Depot and the entire Leonora Estate Management residence compound, which the Bharrat Jagdeo administration ostensibly sold to him below market value, is also a person of interest in at least one other ongoing FBI probe. Reports are that âAhmad had already boarded Delta Flight 383 at JFK International Airport heading to Guyana when Federal agents boarded the aircraft and forcibly removed him in handcuffs.â
The US Justice Department in a criminal complaint filed in the Eastern District of New York alleges that âAhmad conducted an extensive scheme to commit mortgage fraud; regularly lying about applicantsâ income and using straw buyers to conceal his involvement.â He was released on $2.5 million bail.
Media accounts in New York indicate that His lawyer, Steven Kartagner, refused to reveal whether Ahmad was in discussions with the FBI and prosecutors before he attempted to flee to Guyana.
According to NY Net News âOver the last 24 months, the FBI has made a number of arrests in New Yorkâs little Guyana (Richmond Hill/Ozone Park, Queens). Guyanese realtors it seems have been neck deep in running various mortgage schemes in the U.S. Ed Ahmad who holds an office on Liberty Ave, Richmond Hill, Queens.â
This the second key ally of President Jagdeo and top financier of his ruling party that has been nabbed by US law enforcement. Close Presidential ally, Roger Khan, was in 2007 arrested by US authorities and charged with drug trafficking and witness tampering. He was convicted and is currently serving a 15 year sentence in the US.
Reached for a comment on Ahmadâs arrest and its impact on the Jagdeo government, a New York based Caribbean political analyst observed that âthe noose is tightening around the corrupt PPP cabal.â He asserted that âthe intricate web of corruption and criminality that has been tightly woven around President Jagdeo is being systematically unravelled and that the long arms of justice is inevitable for those who operate as if they are above the law and act with impunity and inordinate arrogance in so doing.â
Reports are that a number of Queens based Guyanese-American Realtors and other professionals have suddenly and seemingly hurriedly returned to Guyana, allegedly under the guise of working for the PPP. Many observers now question if their motive for returning to Guyana is avoiding prosecution for possible mortgage and bank fraud.
Posted on July 24, 2011
by David| 31 Comments
Submitted by Rickford Burke
Brooklyn, New York: United States FBI Agents yesterday forcibly dragged Queens Guyanese-American Realtor and businessman, Ed Ahmad, off a Delta Airlines flight that was bound for Guyana, and arrested him on mortgage fraud charges.
Ahmad is a close political ally of Guyanaâs President Bharrat Jagdeo and a top financier of Jagdeoâs ruling Peopleâs Progressive Party (PPP).
Ahmad, who owns major businesses in Guyana including, Building Materials and Appliances Depot and the entire Leonora Estate Management residence compound, which the Bharrat Jagdeo administration ostensibly sold to him below market value, is also a person of interest in at least one other ongoing FBI probe. Reports are that âAhmad had already boarded Delta Flight 383 at JFK International Airport heading to Guyana when Federal agents boarded the aircraft and forcibly removed him in handcuffs.â
The US Justice Department in a criminal complaint filed in the Eastern District of New York alleges that âAhmad conducted an extensive scheme to commit mortgage fraud; regularly lying about applicantsâ income and using straw buyers to conceal his involvement.â He was released on $2.5 million bail.
Media accounts in New York indicate that His lawyer, Steven Kartagner, refused to reveal whether Ahmad was in discussions with the FBI and prosecutors before he attempted to flee to Guyana.
According to NY Net News âOver the last 24 months, the FBI has made a number of arrests in New Yorkâs little Guyana (Richmond Hill/Ozone Park, Queens). Guyanese realtors it seems have been neck deep in running various mortgage schemes in the U.S. Ed Ahmad who holds an office on Liberty Ave, Richmond Hill, Queens.â
This the second key ally of President Jagdeo and top financier of his ruling party that has been nabbed by US law enforcement. Close Presidential ally, Roger Khan, was in 2007 arrested by US authorities and charged with drug trafficking and witness tampering. He was convicted and is currently serving a 15 year sentence in the US.
Reached for a comment on Ahmadâs arrest and its impact on the Jagdeo government, a New York based Caribbean political analyst observed that âthe noose is tightening around the corrupt PPP cabal.â He asserted that âthe intricate web of corruption and criminality that has been tightly woven around President Jagdeo is being systematically unravelled and that the long arms of justice is inevitable for those who operate as if they are above the law and act with impunity and inordinate arrogance in so doing.â
Reports are that a number of Queens based Guyanese-American Realtors and other professionals have suddenly and seemingly hurriedly returned to Guyana, allegedly under the guise of working for the PPP. Many observers now question if their motive for returning to Guyana is avoiding prosecution for possible mortgage and bank fraud.
Former Member
quote:Originally posted by the new yorker:
Jagdeo Ally And Top PPP Financier Ed Ahmad Dragged Off Delta Flight By FBI
Posted on July 24, 2011
by David| 31 Comments
Submitted by Rickford Burke
Brooklyn, New York: United States FBI Agents yesterday forcibly dragged Queens Guyanese-American Realtor and businessman, Ed Ahmad, off a Delta Airlines flight that was bound for Guyana, and arrested him on mortgage fraud charges.
Ahmad is a close political ally of Guyanaâs President Bharrat Jagdeo and a top financier of Jagdeoâs ruling Peopleâs Progressive Party (PPP).
This the second key ally of President Jagdeo and top financier of his ruling party that has been nabbed by US law enforcement. Close Presidential ally, Roger Khan, was in 2007 arrested by US authorities and charged with drug trafficking and witness tampering. He was convicted and is currently serving a 15 year sentence in the US......
Reached for a comment on Ahmadâs arrest and its impact on the Jagdeo government, a New York based Caribbean political analyst observed that âthe noose is tightening around the corrupt PPP cabal.â He asserted that âthe intricate web of corruption and criminality that has been tightly woven around President Jagdeo is being systematically unravelled and that the long arms of justice is inevitable for those who operate as if they are above the law and act with impunity and inordinate arrogance in so doing.â....
Reports are that a number of Queens based Guyanese-American Realtors and other professionals have suddenly and seemingly hurriedly returned to Guyana, allegedly under the guise of working for the PPP. Many observers now question if their motive for returning to Guyana is avoiding prosecution for possible mortgage and bank fraud.
Crook club. The anti US stance of BJ and the PPP lend credibility that they would protect fraudsters who rip off the US financial system. I'm sure they see it as Robin Hood.
Former Member
oh, how i would have loved to have seen him handcuffed and yanked off that flight by the feds!
Former Member
quote:Originally posted by Chief:quote:Originally posted by Na Cl:
I am surprise that CHIEF did not jump-in as yet to back the predator
I know you and the man had a run in a decade ago.
Now he is charged like so many other Guyanese real estate/mortgage brokers, lets wait to see the outcome.
Chief, shut ya rass. You know he is guilty as charged. Over the years many in the community who had dealings with this crook was talking about him.
I hope you are not defending him because he is Muslim like you.
Also, some may say he used to give the Masjid money and some other community groups. This was to mask all the illegal activity he was doing. Just like the Italian MOB, they are very generous to the Catholic church, but they are still crooks
Former Member
quote:Originally posted by the new yorker:
oh, how i would have loved to have seen him handcuffed and yanked off that flight by the feds!
He was trying to escape before the FBI could arrest him
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