Skip to main content

FM
Former Member
Headline on today's Stabroek online version.

Waiting to get a copy.

Can anyone post what is in the NY Media



Government watchdog wants probe of Queens Rep. Gregory Meeks' $40G loan
BY Benjamin Lesser
DAILY NEWS STAFF WRITER

Wednesday, July 14th 2010, 4:00 AM


Miller/NewsQueens Rep. Gregory Meeks disclosed the 2007 just last month. Related NewsArticles
Queens congressman tries to hide $50G in loansFBI looking into secret $40,000 personal loan to Queens pol MeeksQueens Rep. Gregory Meeks has home fit for a kingMeeks: $55G in undisclosed loans an 'oversight' Meeks taps Dem fund-raiser to help pay back $40,000 loanA government watchdog group has asked the Office of Congressional Ethics to probe a $40,000 loan Queens Rep. Gregory Meeks received from a local businessman.

Citizens for Responsibility and Ethics in Washington (CREW) asked for the review in response to a series of Daily News articles about the loan.

Meeks publicly disclosed the January 2007 loan for the first time last month.

He acknowledged he had failed to properly report the loan on House disclosure forms the previous two years, calling it an "oversight."

The News later reported that Meeks repaid the loan shortly after the FBI started asking Queens businessman Ed Ahmad about the money he lent to the congressman.

"Rep. Meeks got caught with his hand in the cookie jar and came up with an after-the-fact explanation to justify his conduct," said Melanie Sloan, executive director of CREW.

Sources say the loan had no interest rate, no collateral, no repayment schedule and no due date.

Meeks claims that there was a 12.5% interest rate on the loan.

The congressman sent Ahmad a check for $59,000 after taking out a $59,650 loan on June 18, secured by his house, from personal friend and Democratic fund-raiser Dennis Mehiel.

A letter filed by CREW accuses Meeks of violating House ethics rules by failing to properly report the loan or get required approval before accepting it. The letter calls the loan an improper gift.

If the OCE finds that there is "substantial reason to believe the allegations," staffers will refer the matter to the House Committee on Standards of Official Conduct for further action.

In response, Meeks said in a statement, "To address oversights in my 2007 and 2008 filings, I have made all necessary amendments to ensure compliance with House disclosure rules.

"It is unfortunate that Citizens for Responsibility in Ethics in Washington is now using distorted and sensationalized media reports as the basis for a complaint to the Office of Congressional Ethics."

blesser@nydailynews.com
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ

Replies sorted oldest to newest

FM Former Member
Rep. Gregory Meeks digs into campaign war chest to pay for attorney in probe

BY BEN LESSER, GREG B. SMITH AND MIKE MCAULIFF
DAILY NEWS STAFF WRITERS




Miller for News
Congressman Gregory Meeks is using campaign cash to pay for legal defense.
RELATED NEWS
Forget Big Three, it's all 'bout me
Dems' rising star didn't exercise care
Queens Congressman Gregory Meeks is paying for his troubles with campaign cash, handing out $28,500 to lawyers and press advisers dealing with a growing federal probe.

The FBI and Manhattan U.S. Attorney are looking at a secret $40,000 loan Meeks got from a Queens businessman to help pay for his expansive house.

The loan required no interest, had no documentation and wasn't paid back for three and a half years - until right after the FBI began asking questions about it in May.

Meeks also did not reveal the loan's existence on his 2007 and 2008 House financial disclosure forms.

Last month, Meeks used $15,000 of his campaign funds to pay Dorsey & Whitney, the firm of his criminal defense lawyer, former federal prosecutor Michael Bellinger, records show.

In the last six months, Meeks' campaign has also paid out another $13,500 to the public relations firm of George Arzt.

Members of Congress are not supposed to use campaign funds for anything but campaign reasons, although many have spent their contributions on lawyers when they have come under investigation.

Neither Meeks nor Bellinger would answer questions about the payments.

Rep. Charles Rangel (D-Manhattan) has spent $1.7 million on lawyers in ongoing House ethics probes of his finances, including $170,000 in the past three months, records show.



Read more: http://www.nydailynews.com/ny_...y.html#ixzz1SzENqLtw
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Daily News, Saturday, July 23, 2011

Page 2, first column

"Pol Pal jailed by FBI"

Ahmad is was not arrested in connection with the Meeks case. According to the article,

" Ahmad was hit with a criminal complaint alledging that he conducted an extensive scheme to commit mortgage fraud, regularly lying about applicants' income and using straw buyers to hide his involvement"

He was released on $2.5 million bail.

I hope the bastard goes to jail for the rest of his life. These are the type of people that the PPP are associating with.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Breaking Newsâ€ĶFeds drag Ed Ahmad from Delta flight in handcuffs
JULY 23, 2011 | BY KNEWS | FILED UNDER NEWS

. . . man was heading to Guyana

The FBI yesterday arrested a Queens businessman who made a questionable $40,000 “loan” to Rep. Greg Meeks on mortgage fraud charges.
Edul Ahmad, a Guyanese who owns a major business in Guyana, is a key figure in ongoing probes of the “loan” Meeks forgot to repay for 3 1/2 years until the Daily News exposed it.
The Guyana business is Building Materials and Appliances Depot located in Industrial Site, Ruimveldt.

Ahmad had already boarded Delta 383 at JFK International to head to Guyana when Federal agents boarded the aircraft and forcibly removed him in handcuffs.

Ahmad was hit with a criminal complaint alleging that he conducted an extensive scheme to commit mortgage fraud, regularly lying about applicants’ income and using straw buyers to hide his involvement.
His lawyer, Steven Kartagner, declined to discuss whether Ahmad was in discussions with the FBI and the Brooklyn U.S attorney before his arrest.
Ahmad was released on $2.5 million bail. He declined comment.
In January 2007, Ahmad gave Meeks $40,000 to finish paying off the congressman’s new $830,000 home. There was no discussion of interest rates, collateral, due dates and no documents were generated at the time, sources familiar with the transaction have told The News.
Meeks did not list the transaction on 2007 or 2008 financial disclosure forms he filed with the House, revealing it for the first time in a 2009 form that was filed in mid-2010.
In July 2010, shortly after The News revealed details of this transaction and the FBI paid Ahmad a visit, Meeks suddenly paid back the money and called it a loan.
Meeks is the subject of an ongoing FBI investigation, as well as a probe by the Office of congressional Ethics.
(Story from New York Daily News By Benjamin Lesser and Greg B. Smith)
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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.


Bro, when the FBI comes knocking it means they already have the evidence.

Was this guy also not involved in the Marriott fiasco in GT?
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by redux:
Breaking Newsâ€ĶFeds drag Ed Ahmad from Delta flight in handcuffs
JULY 23, 2011 | BY KNEWS | FILED UNDER NEWS

. . . man was heading to Guyana

The FBI yesterday arrested a Queens businessman who made a questionable $40,000 “loan” to Rep. Greg Meeks on mortgage fraud charges.
Edul Ahmad, a Guyanese who owns a major business in Guyana, is a key figure in ongoing probes of the “loan” Meeks forgot to repay for 3 1/2 years until the Daily News exposed it.
The Guyana business is Building Materials and Appliances Depot located in Industrial Site, Ruimveldt.

Ahmad had already boarded Delta 383 at JFK International to head to Guyana when Federal agents boarded the aircraft and forcibly removed him in handcuffs.

Ahmad was hit with a criminal complaint alleging that he conducted an extensive scheme to commit mortgage fraud, regularly lying about applicants’ income and using straw buyers to hide his involvement.
His lawyer, Steven Kartagner, declined to discuss whether Ahmad was in discussions with the FBI and the Brooklyn U.S attorney before his arrest.
Ahmad was released on $2.5 million bail. He declined comment.
In January 2007, Ahmad gave Meeks $40,000 to finish paying off the congressman’s new $830,000 home. There was no discussion of interest rates, collateral, due dates and no documents were generated at the time, sources familiar with the transaction have told The News.
Meeks did not list the transaction on 2007 or 2008 financial disclosure forms he filed with the House, revealing it for the first time in a 2009 form that was filed in mid-2010.
In July 2010, shortly after The News revealed details of this transaction and the FBI paid Ahmad a visit, Meeks suddenly paid back the money and called it a loan.
Meeks is the subject of an ongoing FBI investigation, as well as a probe by the Office of congressional Ethics.
(Story from New York Daily News By Benjamin Lesser and Greg B. Smith)
Well this is more like it.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by baseman:
There must be something bigger behind the scenes but they using this to hold him. 40k seems minor to be of interest to the FBI.
His peepes are snitching to get lighter sentences. He was possibly only arrested because they thought he was not going to come back. They have been at this for years.

Two more to go
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Ed Ahmad is one of the vultures who follow Jagdeo,Ramoutar and the clique when they visit Richmond Hill....

There are a lot of questions floating around about this guy....how did he acquire land at Leonora to start a housing project ?...how did he acquire property belonging to the New Guyana Company at Ruimveldt to start a building supply business ?

What is his real connection with Jagdeo and Ramoutar ?

Last March Ahmad called the owner of Narissa Palace to advise him that he should not allow members of the Cheddi Jagan Memorial Committee to have a function there....several folks close to the committee believed that Ahmad was acting on the orders of Ramouthar !
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Churchill:
Ed Ahmad is one of the vultures who follow Jagdeo,Ramoutar and the clique when they visit Richmond Hill....

There are a lot of questions floating around about this guy....how did he acquire land at Leonora to start a housing project ?...how did he acquire property belonging to the New Guyana Company at Ruimveldt to start a building supply business ?

What is his real connection with Jagdeo and Ramoutar ?

Last March Ahmad called the owner of Narissa Palace to advise him that he should not allow members of the Cheddi Jagan Memorial Committee to have a function there....several folks close to the committee believed that Ahmad was acting on the orders of Ramouthar !
I bet Lil Birdie (VM) is saying, what goes around comes around. It is this infighting and greed that is going to put all of these guys in jail. This is a big world so instead of being mean and carving out little fiefdoms, like the common street gang, they ought to have been branching out and utilizing their assets better. I saw some girl on another blog a while back complaining how they harassed her. well, she is probably doing a puja this morning.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Churchill:
Ed Ahmad is one of the vultures who follow Jagdeo,Ramoutar and the clique when they visit Richmond Hill....

There are a lot of questions floating around about this guy....how did he acquire land at Leonora to start a housing project ?...how did he acquire property belonging to the New Guyana Company at Ruimveldt to start a building supply business ?

What is his real connection with Jagdeo and Ramoutar ?

Last March Ahmad called the owner of Narissa Palace to advise him that he should not allow members of the Cheddi Jagan Memorial Committee to have a function there....several folks close to the committee believed that Ahmad was acting on the orders of Ramouthar !

When I visited Guyana last year, the FBI went there on the ruse of tracking US stolen cars. But I think it was more than that.

BTW, on the issue of intimidating US based Guyanese helping the AFC, similar situation. One can only imagine the imtimation of the Guyana-based businessmen.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Churchill:
Ed Ahmad is one of the vultures who follow Jagdeo,Ramoutar and the clique when they visit Richmond Hill....

There are a lot of questions floating around about this guy....how did he acquire land at Leonora to start a housing project ?...how did he acquire property belonging to the New Guyana Company at Ruimveldt to start a building supply business ?

What is his real connection with Jagdeo and Ramoutar ?

Last March Ahmad called the owner of Narissa Palace to advise him that he should not allow members of the Cheddi Jagan Memorial Committee to have a function there....several folks close to the committee believed that Ahmad was acting on the orders of Ramouthar !


Did Ahmad not represent a group that was selected by Buggarat Jagabat to build the Marriott in GT? If my memory serves me right there is a picture of him with shovel breaking sod.

It was lated revealed that one of the companies Ahmad represented had the same address as the son of the NY mafia.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
NehruNehruBig Mouth Member
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
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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.
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.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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 — 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
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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 Guyana’s President Bharrat Jagdeo and a top financier of Jagdeo’s ruling People’s 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 “Ahmad 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.”

The US Justice Department in a criminal complaint filed in the Eastern District of New York alleges that “Ahmad conducted an extensive scheme to commit mortgage fraud; regularly lying about applicants’ income and using straw buyers to conceal his involvement.” 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 “Over the last 24 months, the FBI has made a number of arrests in New York’s 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.”

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 Ahmad’s arrest and its impact on the Jagdeo government, a New York based Caribbean political analyst observed that “the noose is tightening around the corrupt PPP cabal.” He asserted that “the 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.”

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.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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 Guyana’s President Bharrat Jagdeo and a top financier of Jagdeo’s ruling People’s 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 Ahmad’s arrest and its impact on the Jagdeo government, a New York based Caribbean political analyst observed that “the noose is tightening around the corrupt PPP cabal.” He asserted that “the 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.”....

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.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Nehru:
This is all I ask Bhai. But I understand the need for gossip and gloating since I am having a discussion with Guyanese.
quote:
Originally posted by baseman:
quote:
Originally posted by Nehru:
I still believe the brother will come out of this with minimal hardship.

Innocent until proven guilty. Let the law take its course.

Nothing to gloath, the man is innocent until the judge says he ain't. Of course, his association with BJ adds some political spice, but don't take that too personal, just politics.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by chameli:
every dog has his dayflag
and
don't kick a man when he's downpleaseaa

those who gloat may not see what COULD come to them...

i do not wish Edul bad, i only wish for justice

i do not even know this guy...do believe he was classmate/associate (in the 80's) of my Late and Beloved Brother

where is SuperMike?

Mmmm, SM was going to Guyana.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Agent details Ahmad’s scheme
July 25, 2011 | By KNews | Filed Under News
US mortgage fraud investigationâ€Ķ
US Federal Special Agent Bryan Trebelhorn has revealed in court documents how Guyanese businessman Ed Ahmad fleeced a US lending agency “Countrywide Home Loans” of more than US$700000 on two New York properties.
The Special Agent, who has been working on the FBI’s Financial Institutions Fraud Squad, has testified in an affidavit that he has been working on matters relating to the Guyanese businessman since 2007.
Ahmad was pulled from a Delta Airlines flight bound for Guyana on Saturday by Federal Agents as authorities investigate him for knowingly and intentionally conspiring to execute a scheme and articulate to defraud a financial institution, Countrywide Home Loans, to obtain moneys, funds, credits, assets, securities and other properties by means of materially false and fraudulent pretenses, representations and promises.
The Guyanese businessman, who has other business interests in the Queens, New York District, has since posted a US$2.5M bail.
In the affidavit, Trebelhorn outlined an overview of the mortgage fraud scheme that was allegedly perpetuated by Ahmad in collaboration with others.
He stated that since 2000, a group of co-conspirators has defrauded various lending institutions by obtaining mortgages on properties located in the eastern district of New York and elsewhere through fraudulent means, including by falsifying mortgage loan applications appraisals, title reports and other documents.
The false information made the borrowers appear more credit worthy, and falsely enhanced the purported value of the properties. As a result, the lenders were falsely induced to issue mortgage loans secured by the properties.
According to Trebelhorn, in some instances the co-conspirators executed the scheme by using individuals (straw buyers) to conceal the true ownership of the properties.
“In particular, the co-conspirator recruited straw buyers to pose as the purchasers of some of the properties,” Trebelhorn explained.
The straw buyers generally were individuals with good credit scores but with incomes and assets that were normally insufficient to secure a mortgage loan.
At the direction of the co-conspirators, the straw buyers agreed to apply for mortgages on properties. In reality the co-conspirators were the real owners of the properties purportedly purchased by the straw buyers.
In exchange for the use of their names and good credit, the straw buyers often received a fee.
Once recruited, the co-conspirators prepare mortgage applications for properties. These applications contain numerous misrepresentation and material falsehood designed to make the straw buyer appear more credit worthy.
Among other things, the mortgage applications falsely inflated the bank account balances and income of the straw buyers.
Following the disbursement of loans, the co-conspirators do not make mortgage payments to the lenders for the properties, and the mortgage loans defaulted.
The FBI Agent said that on numerous occasions, Ahmad as the owner of a mortgage brokerage business, conspired to obtain mortgage loans from lenders through fraudulent means.
He stated that during 2006 and 2007, Ahmad participated in the preparation of approximately 163 mortgage loan applications to a lending agency, Countrywide Home Loans, for which Countrywide has suffered losses.
He cited two cases for which there is clear evidence of fraud.
“For example the investigation has revealed that on or about and between January 1, 2007 and July 31, 2007, the defendant Edul Ahmad conspired with others to fraudulently obtain mortgage loans from Countrywide through the use of straw buyers for a property located in South Ozone Park, New York and a property located in Jamaica, New York,” the FBI agent stated in his affidavit.
He explained that using fake credit, Ahmad obtained bank financing for both properties.
According to Trebelhorn, with regards to the South Ozone property, the amount of the mortgage loan was $417,000 and the mortgage information contained numerous misstatements as to the credit worthiness of the straw buyer.
For example, the mortgage application stated that the straw buyer earned $9,850 as an Executive Chef at a catering business owned by Ahmad himself.
The application also lists a variation of Ahmad’s name, A Edul, as the straw buyer’s landlord.
Trebelhorn said that during his investigations, he had spoken with cooperating witnesses (CW) who worked with Ahmad in the real estate business, and who claimed that he/she knew Ahmad and the straw buyer very well.
According to the cooperating witness, the straw buyer in this instance was married to Ahmad and never intended to live at the South Ozone property.
Moreover, the straw buyer never worked as a chef at Ahmad’s catering company, according to the cooperating witness.
“Additionally the CW informed the government that on numerous occasions, the straw buyer purchased properties on behalf of Ahmad,” the FBI Agent stated.
It was further revealed that Ahmad was the principal author of the application for the loan.


Businessman Ed Ahmad
With regards to the Jamaica, New York property, Ahmad obtained a loan of $292,500, also from Countrywide, using another straw buyer.
Again the application included numerous false representations, including the fact that the buyer worked as a Catering Manager at Ahmad’s catering business and earned $6,650 per month.
“The mortgage application includes a certification of employment for the straw buyer attesting that the Ahmad’s mortgage agency had consulted with a manager at the catering business and verified that the buyer had been employed there since 2002,” Trebelhorn’s affidavit stated.
But the investigation revealed that the buyer never worked at the catering business but was employed as a real estate agent at Ahmad’s real estate business.
Special Agent Treblehorn said that as an operative in the Fraud Squad, he has conducted physical surveillance, interviewed witnesses, reviewed extensive documents obtained through the service of subpoenas, and used other investigative techniques to secure relevant information for use in criminal prosecution.
He said that the knowledge of his information in the affidavit is based upon his personal participation in the investigation against Ahmad sand in numerous other investigations of fraud perpetrated against financial institutions, including bank and wire fraud.
The FBI Agent added that his review of records and reports, his debriefing of cooperating witnesses and victims and conversations with other law enforcement agents involved in this and other investigations, conversations with and review of information provided by financial institutions and his law enforcement and training, also helped in the preparation of the affidavit.
Ahmad raised eyebrows when he made a questionable $40,000 “loan” to Representative Greg Meeks. Ahmad is a key figure in ongoing probes of the “loan” Meeks forgot to repay for three and a half years until the New York Daily News exposed it.
In January 2007, Ahmad gave Meeks $40,000 to finish paying off the congressman’s new $830,000 home. There was no discussion of interest rates, collateral, due dates and no documents were generated at the time, sources familiar with the transaction have told The News.
Meeks did not list the transaction on 2007 or 2008 financial disclosure forms he filed with the House, revealing it for the first time in a 2009 form that was filed in mid-2010.
In July 2010, shortly after The News revealed details of this transaction and the FBI paid Ahmad a visit, Meeks suddenly paid back the money and called it a loan.
Meeks is the subject of an ongoing FBI investigation, as well as a probe by the Office of Congressional Ethics.
He faced lawsuits in July last year alleging predatory lending and real-estate fraud and faced foreclosure action on a Jamaica home in 2009.
Ahmad recently opened a place called Building Materials and Appliances Depot located at Industrial Site, Ruimveldt, just in front of the publishing house of the ruling party’s newspaper, the Mirror.


Disqus
Login About Disqus Like Dislike
and 7 others liked this.
Glad you liked it. Would you like to share?Facebook
Twitter
ShareNo thanksSharing this page â€Ķ
Thanks! Close

Add New Comment
Image Post as â€Ķ
Showing 17 comments
Sort by Popular now Best rating Newest first Oldest first Subscribe by email Subscribe by RSS
charliebrown 2 hours ago

THIS GUY SHOULD BE JAILED FOR NO LESS THAN 40 YEARS,KNOWING HOW MANY INNOCENT PEOPLE HE DEFRAUDED.HE IS A GREEDY BASTARED.THIS IS AMERICA, THE FBI WILL CATCH ALL THE OTHERS WHO WERE IN IT WITH THIS SCUMBAG
Flag shivasad and 19 more liked this Like ReplyReply ExPPP_Man 2 hours ago

He is done !!! I suspect there is many more fishes on Liberty Ave that the feds are waiting for.
Flag 8 people liked this. Like ReplyReply TUTELEDGE 2 hours ago

Twenty years in the Federal pen without parole and sieze all his assets through the RICCO LAW.Save the rest of the cells in that cell block for Jagdeo and the rest of the PPP thieves.
Flag 10 people liked this. Like ReplyReply Kingston21 2 hours ago

Why was he coming to Guyana? I guess he was coming to guyana where he will find people like him and feel safe. Too bad, america is not like guyana where you can steal, and get away with it.
Flag TUTELEDGE and 8 more liked this Like ReplyReply Sharon Thomas 2 hours ago

Them #$%^&* DOGS always messing up.. The US embassy should stop issuing visas to them .... there are nothing but badminded wicked dogs on earth..
Flag TUTELEDGE and 8 more liked this Like ReplyReply Canej 1 hour ago in reply to Sharon Thomas

Can you elaborate on what you mean by " Them#$%^&^ DOGS"
Flag The_Prez liked this Like ReplyReply malaika06 2 hours ago

I'm trying to figure out here, based on this report, who suffered losses the most. Those fat cats in the mortgage industry, or a genuine homebuyer. I've had a few experiences with Ahmad's office as a former real estate professional and trust me, at all times, the encounters left a sour taste in my mouth.

Ahmad and his staff are a bunch of arrogant SOBS and it was only time they were taken off of their inflated pedestal
Flag TUTELEDGE and 7 more liked this Like ReplyReply collin1 2 hours ago

Well, Ahmad the good life you once post and give to your family is at risk if found guilty as you may knw or ask Stanford or Cash plus man "Smith" from Jamaica, they will seize everything don't matter what was acquire legal all gone, all you ride gone go as state sales for cheap price to paid back for all the wrong and arm you have cost.

plus they gone give you a tripple Buju years
Flag The_Prez and 5 more liked this Like ReplyReply lamm14 1 hour ago

Why is this news for guyanese, i think we have more important things to do, why not educated the guyanese population to conserve and use the road with care etc. Let the Americans deal with him, this crime was commited there.
Flag The_Prez and 2 more liked this Like ReplyReply hazrat46 36 minutes ago in reply to lamm14

yes u r right.guyanese make judgement before the trial.we have so many things to do there.first we should protect the bridges,traffic lights ,roads and important buildings from those who will destroy before and ater the election.

Flag Like ReplyReply ray 1 hour ago

Has anyone thought damm he posted 2.5 million us bail
Flag 1 person liked this. Like ReplyReply jeffburke 1 hour ago

Poor Ed
Flag 1 person liked this. Like ReplyReply manfiscrock 1 hour ago

He swindle a woman i personally know. The FBI had him under house arrest a few years back.He's so @#$% now the legal system will make him a poor man for real.
Flag 1 person liked this. Like ReplyReply manfiscrock 1 hour ago

He swindle from a woman i personally know....The FBI had him under house arrest a few years back. He's soo @#$% now, when the legal system done with him, he will become a real nobody. Soon his properties will be up for the highest bidder..
Flag 1 person liked this. Like ReplyReply ameir 33 minutes ago

The man posted a bail of us 2.5 Million us dollars cash, 500 Million GYD this man has money to fight the law. Its funny that how all you guys below dont have a dollar to your name and still commenting on the man..get a job and a life ppl

Flag Like ReplyReply ameir 38 minutes ago

Its funny how all, the lowlifes below saying the guy is a scamp, show me a busniess man who dont break the law to make money, and I will show you an angel, anyways the man has cash money to post a us 2.5 million dollars bail, that is 500 Million GYD, this man's net worth is us 400 Million he has money to fight this case till he dies, scumbag or not he has money, he just sold one of his property for us 105 million us in Manhattan. Ed Ahmad will over come this..
Flag Like ReplyReply Granger4eva 1 hour ago

The PPP is corrupt and evil. Democratic Guyana blogspot seeks to expose these criminals guyanafreedom.blogspot.com.

The PPP administration shall be no more after this elections...
Flag Like ReplyReply If you find a comment distasteful or inappropriate, you can flag the comment and send us a report for immediate removal. Send report to kaieteurnews@yahoo.com
Kaieteur News reserves the rights to moderate any blog deemed inappropriate and is not be responsible for the views expressed in the blog.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Its funny how all, the lowlifes below saying the guy is a scamp, show me a busniess man who dont break the law to make money, and I will show you an angel, anyways the man has cash money to post a us 2.5 million dollars bail, that is 500 Million GYD, this man's net worth is us 400 Million he has money to fight this case till he dies, scumbag or not he has money, he just sold one of his property for us 105 million us in Manhattan. Ed Ahmad will over come this..
Flag Like ReplyReply Granger4eva 1 hour ago

The PPP is corrupt and evil. Democratic Guyana blogspot seeks to expose these criminals guyanafreedom.blogspot.com.

The PPP administration shall be no more after this elections...
Flag Like ReplyReply If you find a comment distasteful or inappropriate, you can flag the comment and send us a report for immediate removal. Send report to kaieteurnews@yahoo.com
Kaieteur News reserves the rights to moderate any blog deemed inappropriate and is not be responsible for the views expressed in the blog.


hehehe!
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
PPP associate ensnared in New York straw mortgage deals; being electronically monitored
Written by Denis Scott Chabrol
Monday, 25 July 2011 13:26

New York-based Guyanese realtor, Edul Ahmad,who is closely associated with the governing Peoples Progressive Party (PPP), is on US$2.5 million bond and his movements are being electronically monitored, pending his trial for alleged mortgage fraud. “Electronic monitoring will cease after necessary affidavits of confession of judgment are filed,” state court documents seen by Demerara Waves Online News (www.demwaves.com).

Officials in New York told Demerara Waves on condition of anonymity that Ahmad was booked and checked-in to board a Guyana-bound Delta Airlines flight Thursday night but was later un-checked. Ahmad also has to surrender any and all passports to US Pre Trial Services Agency (PTSA). He has been also placed under the direct supervision of the PTSA which could randomly check on him at his home or work. Ahmad also has to report to that agency as directed.

Ahmad is said to be very close confidante of a government minister and the suspect is listed by a New York newspaper as a friend of President Bharrat Jagdeo. He has also opened a hardware store the Industrial Site premises of the Mirror newspaper, a publication closely aligned to the PPP, and sold a large tract of land at Leonora that once belonged to the Guyana Sugar Corporation. In an unrelated matter, Ahmad's name has been called in loanig hefty sums of cash to Democratic New York congressman, Gregory Meeks that the politician had not initially declared.

The Federal Bureau of Investigations (FBI) alleges that between January and July, 2007, Ahmad and others knowingly and intentionally conspired to execute an artificial scheme to defraud Countrywide Home Loans. Investigators said the defendant tried to obtain monies, funds, credit, assets, securities or other properties owned by the financial institutions by false and fraudulent pretenses, representations and promises. The FBI’s Special Agent, Bryan J. Trebelhorn states in court documents filed with the United States DistrictCourt, Eastern District of New York that Ahmad, who has been operating both mortgage brokerage and a catering businesses, conspired to obtain mortgage loans from lenders through fraudulent means. “During 2007 alone, Ahmad participated in the preparation of approximately 163 mortgage loan applications to Countrywide Home Loans for which Countrywide has suffered losses,” Trebelhorn states.

In one instance, according to the FBI special agent, Ahmad between January and July 2007 allegedly conspired with two straw-buyers to fraudulently obtain mortgage loans of US$417,000 for a property in South Ozone Park and another loan of US$292,500 for a property in Jamaica, New York by allegedly using fake credit information. As it relates to the South Ozone Park property, the mortgage application states that one of the straw buyer earned US$9,850 monthly as an executive chef at the catering service and intended to occupy the property as a primary residence. “Notably, the mortgage application lists a variation of the defendant Edul Ahmad’s name (A. Edul)” as one of the straw-buyer’s landlord. The court document states that one of the straw buyers is Ahmad’s wife and they together lived at another residence and never intended to live at the South Ozone property. Investigators are also found out that while the first straw buyer was never employed as a chef or in any other capacity at the catering business.

With regards to the Jamaica, New York property, a second straw buyer stated on mortgage loan application that he/she earned US$6,650 monthly as a catering manager where the person had purportedly worked since November 2002. However, the FBI agent said straw buyer 2 never worked at the catering business but rather was employed as a real estate agent at the real estate business and never intended to occupy the Jamaica property as a primary residence. Straw buyer 2 stated, according to the FBI agent, that he/she had purchased the Jamaica property together with Ahmad and Ahmad had paid for the transaction. The straw buyer allegedly confessed to purchasing multiple properties for Ahmad.

Source
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Ed have a Black Angel[Sen,Sam???] looking over him,seen the movie Good,Bad And Ugly---Lee Van Cliff said there is a Blonde Angel[Clint]looking over Ugly[elli wallace]when he was about to be Hanged.Ed created so much wealth and Housing for Residents of Queens and those who sold with Equity in abundance and migrated to Florida.He is worth over 250 Million US.some of the Rats who are getting close to Bharrat recently are jealous and are running their mouth.They are doing some medical voluntary work,one of them is jealous that the village he is from[Lenora]Bharrat gave Ed ???acres of land.INNOCENT UNTIL PROVEN GUILTY.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
caincainTired old hippie
In one instance, according to the FBI special agent, Ahmad between January and July 2007 allegedly conspired with two straw-buyers to fraudulently obtain mortgage loans of US$417,000 for a property in South Ozone Park and another loan of US$292,500 for a property in Jamaica, New York by allegedly using fake credit information.


Big Grin
cain
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Guyana ruling party says not financed by suspected New York fraudster; lambastes Demerara Waves
Written by Denis Scott Chabrol
Monday, 25 July 2011 17:23


The Peoples Progressive Party (PPP) on Monday said that Edul Ahmad- the New York based realtor who is now on a U$2.5 million bond in connection with mortgage fraud- has not poured money into it. “The PPP wishes to make it absolutely clear that Ahmad has not made any financial contributions to the PPP/C’s 2011 political campaign nor can he be considered in any way part of the PPP structure or the PPP/C Government,” the party said in a statement. The party deemed as “nasty attempts” efforts to link Ahmad’s activities with the PPP or to suggest that he is a financier of the PPP as “nothing but absolute lies”

The PPP did not distance itself from Ahmad, deny a report by a New York newspaper that he is as a friend of President Bharrat Jagdeo, he owns a hardware store at the Industrial Site location that for decades housed the PPP-aligned Mirror newspaper and bought a large tract of land at Leonora that had once belonged to the Guyana Sugar Corporation (GuySuco).

Reacting to a story earlier Monday titled “ PPP associate ensnared in New York straw mortgage deals; being electronically monitored”, the party lambasted Demerara Waves Online News (www.demwaves.com), saying that it has joined the ranks of hostile and pro-opposition media. Listing Demerara Waves among Kaieteur News and Stabroek News, the PPP accused this online news site of attacking the government and ruling party. “The People’s Progressive Party has once again noticed that the Demerara Waves website has now openly joined ranks with the pro-opposition media in their continuing onslaught against the PPP and PPP/C Government by spreading falsehoods and misinformation,” the party said in a statement.


Ed Ahmad

Ahmad Thursday night checked in to a Guyana–bound Delta Airlines flight in New York but he was later “un-checked” and did not board the flight. He was subsequently placed on a US$2.5 million bond and is being electronically monitored. “The attempts by the Demerara Waves to portray itself as balanced has been dislodged by this latest piece of mischievous reporting. The party observed that Demerara Waves at the weekend covered two rallies by the Peoples National Congress Reform (PNCR)- A Partnership for National Unity (APNU), saying that those “served to confirm its bias and lack of objectivity. “This so called News Service has just joined the fold of unethical internet blogs as confirmed by its unprofessional and unethical piece of journalism today,” the party added.

Source
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by creative:
The man will walk out of these alligations,he was once the most well dressed man by India Desai Association.Some of you Guys are JEALOUS.
This will come to trial next summer. He is going to spend a considerable amount of time in the pen plus required to pay hefty fines. Too many of the other crooks cutting deals and he is a fat target.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
raymond i canot blame you for thinking within the box,you think like a kindergarden kid.Twenty five years ago if i told someone of this advance super highway,example we would be walking around with our cell phones and connecting with internet etc.they would doubt me.He did not get part of Lenora without $$$$$,taking the American Dream SCHEME in Guyana would definitly cost him,but Jealously is a Woman's curse but a thousand times worst in a man.Schemes,washing American $$$,Alledge Buddy build Provedence Cricket Ground,but who sold and who collect$$$$$.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by creative:
raymond i canot blame you for thinking within the box,you think like a kindergarden kid.Twenty five years ago if i told someone of this advance super highway,example we would be walking around with our cell phones and connecting with internet etc.they would doubt me.He did not get part of Lenora without $$$$$,taking the American Dream SCHEME in Guyana would definitly cost him,but Jealously is a Woman's curse but a thousand times worst in a man.Schemes,washing American $$$,Alledge Buddy build Provedence Cricket Ground,but who sold and who collect$$$$$.


Jealousy no, Contempt yes.

Contempt for selling your soul to Buggarat Jagabat to receive preferential treatment.

Tell us about Ed Ahmad involvement in the Marriott scheme that was linked to the NY mafia.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM 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


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 — 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

isabel.vincent@nypost.com


Read more: http://www.nypost.com/p/news/l...H6nSgK#ixzz1TCbKu3Mi
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
I am surprise that the NYers are not researching your own press.............I found this with little effort

More friends of mr Ahmad?

******************************
Stop the slush!

The Post calls for a ban on ‘member items’ steered by lawmakers into the pockets of family and friends

Last Updated: 4:37 AM, July 17, 2011

Posted: July 17, 2011

They’re out of control.

Member items, earmarks, discretionary funds — by whatever name they’re called, they’re the hundreds of millions of dollars in taxpayer cash that New York lawmakers steer to ostensible community projects but that serve as slush funds for the pols, their families and friends.

And if anything is ever to be done about it, some strong new laws are needed.

Here’s how it works: Legislative leaders dole out cash to their members in return for loyalty, support and votes. The members, in turn, toss the cash around in their districts to buy political backing. That’s corrupt enough.




But lawmakers increasingly steer the money to “nonprofit” groups that they, their relatives and/or their friends control. That makes the whole practice — both in Albany and at City Hall — just another way for pols to line their own pockets and those of friends and family.

Consider some examples of the past few years, many exposed by The Post:

* Rep. Gregory Meeks and state Senate ex-President Malcolm Smith, both Queens Democrats, helped found the New Direction Local Development Corp. The group got $56,500 in taxpayer money from 2001 to 2006 and also raised more than $41,000, ostensibly for Hurricane Katrina victims — though it recorded spending only $1,392 on actual Katrina aid.

Status: The group is out of business and under investigation by the US Attorney’s Office.

* Assemblywoman Vivian Cook (D-Queens) founded the Rockaway Boulevard Local Development Corp. RBLDC got $2.5 million from the Port Authority to improve a stretch of Rockaway Boulevard. It spent $560,500 to buy a still-vacant parcel of land and $255,625 on street sweeping.

Status: RBLDC is shut down and under investigation by the PA inspector general and the US Attorney’s Office.

* State Sen. Shirley Huntley (D-Queens) founded The Parent Workshop, to which she steered $30,000. And between 1996 and 2008, she and Cook funneled another $400,000 to another nonprofit, The Parent Information Network, which is run by Huntley’s daughter.

Status: Attorney General Eric Schneiderman is probing both groups.

* Assemblywoman Barbara Clark (D-Queens) helped found the Community Care Development Project in Queens, which got more than $1.9 million in city and state money, including $481,500 in member items from Clark. Most of that money went to staff salaries to provide many of the same services offered by her district office.

Status: This project is still operating.

* City Councilman Larry Seabrook (D-Bronx) and his friends and family controlled a number of groups, including the Northeast Bronx Redevelopment Corp., the Bronx African-American Chamber of Commerce, the African-American Bronx Unity Day Parade, the New York African-American Legal & Civic Hall of Fame, the Mercy Foundation of NY and the Leon Eastmond Educational Excellence Program. Between 2002 and 2009, Seabrook sent $1.2 million in city money to these groups. Nearly half went to salaries for his girlfriend and relatives.


Read more: http://www.nypost.com/p/news/o...kTSzeO#ixzz1TCe3Cp00



****************************************
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
New York-based entrepreneur Ed Ahmad clears the air
Written by
Wednesday, 27 July 2011 01:42
New York –
A statement issued by associates of entrepreneur Ed Ahmad has condemned Kaietuer News, Demerara Waves and Stabroek News reports about charges laid against him by United States authorities as teeming with inaccuracies.
Following is the statement issued by Ahmad’s friends and associates:

We, the friends and associates of Queens-based entrepreneur Ed Ahmad would like to clear the air on a number of inaccuracies contained in articles published in the Kaieteur News and Demerara Waves online news, over charges filed against him recently by United States authorities.
We believe that Mr Ahmad, who has been operating a real estate business in the borough of Queens for the last 18 years, would be exonerated of the charges in due course.
However, we would like to point out several inaccuracies contained in a number of published articles in the Kaieteur News, Demerara Waves online news and the Stabroek News. It is totally false for Kaieteur News to publish that Ed was dragged off the plane in an article on July 24, under the headline " FBI drags Guyanese from Delta flight bound for Guyana."
Mr Ahmad was never on the plane and as such, could not have been "dragged off". On Thursday evening, as he was about to check in, he was approached by two Federal Bureau of Investigations (FBI) officers who asked to speak with him. Mr Ahmad stepped out of the line and spoke with the two officers who, subsequent to his conversation with them, requested that he accompany them to Manhattan, and he did.
For Kaieteur News to report that he was dragged off the plane was a total fabrication, which exposed the lack of journalism skills and journalistic ethics of the owner of the newspaper, Glen Lall.
In recent years for reasons known only to Lall, he (Lall) has embarked on a vendetta against Mr Ahmad and as such has used his publication as a conduit for his vitriolic attacks against him.
We believe that the Guyanese people deserve better for their money when they purchase a newspaper than to be subjected to Lall's vile attacks on Mr Ahmad for four consecutive days. We would like to know what was so important about this story, for Lall to publish several stories about Ed for four days.
Also we would like to set the record straight, contrary to reports in the Kaieteur News, Stabroek News and Demerara Waves online, Mr Ahmad is not being electronically monitored and has been going about his business as usual.
We also take issue with Demerara Waves online article under the headline "PPP associate ensnared in New York straw mortgage deals; being electronically monitored". While, Mr Ahmad is a proud supporter of the PPP, he does not consider himself an "associate".
We also reiterate the PPP's response to the Demerara Waves article, that Mr Ahmad has not contributed to the PPP 2011 campaign, and he is not "financier" or an "operative" of the PPP.
In reference to remarks contained in the articles about his business in Guyana, Mr Ahmad has invested in Guyana, just like any other overseas investor. He has been providing quality building materials at affordable prices to the Guyanese population and has created jobs for several Guyanese as well. We wonder why he is being castigated for being an investor in Guyana and contributing to the development of the country.
We recall with sadness, the days when Guyanese used to support each other in times of distress, now, it seems, some can't wait to kick one when one is down.
However, Mr Ahmad will continue to invest in Guyana and contribute toward the country's development, because the Guyanese people deserve the best.

Published and supported by friends of Ed Ahmad.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
However, we would like to point out several inaccuracies contained in a number of published articles in the Kaieteur News, Demerara Waves online news and the Stabroek News. It is totally false for Kaieteur News to publish that Ed was dragged off the plane in an article on July 24, under the headline " FBI drags Guyanese from Delta flight bound for Guyana."
Mr Ahmad was never on the plane and as such, could not have been "dragged off". On Thursday evening, as he was about to check in, he was approached by two Federal Bureau of Investigations (FBI) officers who asked to speak with him. Mr Ahmad stepped out of the line and spoke with the two officers who, subsequent to his conversation with them, requested that he accompany them to Manhattan, and he did.
For Kaieteur News to report that he was dragged off the plane was a total fabrication, which exposed the lack of journalism skills and journalistic ethics of the owner of the newspaper, Glen Lall.
In recent years for reasons known only to Lall, he (Lall) has embarked on a vendetta against Mr Ahmad and as such has used his publication as a conduit for his vitriolic attacks against him.
We believe that the Guyanese people deserve better for their money when they purchase a newspaper than to be subjected to Lall's vile attacks on Mr Ahmad for four consecutive days. We would like to know what was so important about this story, for Lall to publish several stories about Ed for four days.
Also we would like to set the record straight, contrary to reports in the Kaieteur News, Stabroek News and Demerara Waves online, Mr Ahmad is not being electronically monitored and has been going about his business as usual.



KN like Fox News!
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by creative:
raymond i canot blame you for thinking within the box,you think like a kindergarden kid.Twenty five years ago if i told someone of this advance super highway,example we would be walking around with our cell phones and connecting with internet etc.they would doubt me.He did not get part of Lenora without $$$$$,taking the American Dream SCHEME in Guyana would definitly cost him,but Jealously is a Woman's curse but a thousand times worst in a man.Schemes,washing American $$$,Alledge Buddy build Provedence Cricket Ground,but who sold and who collect$$$$$.


well..at least you didn't deny the battie bwoy comment Smile
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Na Cl:
How come the Friends are not addressing the NY Post articles.

After I read all the posting I am convinced that the NY Post had info and the FBI etc was watching many others surrounding with Mr. Ed.

PS
Is NY cricketers still visiting us in GT.

We were just getting a lot of FREE Money

makes no difference. He will have his day in court, no needs for trial by NY Post or any other media outlet.

Rember how everyone was ready throw the book at DSK, the mother from Florida and OJ. Let the law take it's course and don't convict the man without a full and fair hearing.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by baseman:
quote:
Originally posted by Na Cl:
How come the Friends are not addressing the NY Post articles.

After I read all the posting I am convinced that the NY Post had info and the FBI etc was watching many others surrounding with Mr. Ed.

PS
Is NY cricketers still visiting us in GT.

We were just getting a lot of FREE Money

makes no difference. He will have his day in court, no needs for trial by NY Post or any other media outlet.

Rember how everyone was ready throw the book at DSK, the mother from Florida and OJ. Let the law take it's course and don't convict the man without a full and fair hearing.


bai...people allowed to have opinions yuh know...dats the way of life...suh ress yuh rass Smile
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by raymond:
quote:
i meant the letter written by his "friends" is pure malarkey. ahmad and his thieving cronies have no shame.


ah know what yuh mean gyal


oh, i thought you were asking if i was one of eddie's associates. i'm not, but i've had the displeasure of dealing with a few of them in real estate matters, and they were shady crooks.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
There is no shame in business.
People are ignoring the real scoundrels, the actual man in the street buyers who involve themselves in these get rich schemes, and involve the realtors in their game. Also the crooked banks that finance these overvalued loans. Instead of arresting them, Obama bailed out these banks, allowing them to make even more obscene profits.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Mad Max:
People are ignoring the real scoundrels, the actual man in the street buyers who involve themselves in these get rich schemes,


the little guy on the street who ahmad and his ilk throw $20-30k their way on deals profiting $500-600k are pawns, like the little street drug dealers who peddle for a few bucks. best cut off the head of the beast.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Which little guy?
Do you understand the concepts of straw buyers?
It's people who actually own the houses selling it to their family at ridiculously inflated prices and have the banks finance it, and then walk away leaving the bank holding a worthless piece of real estate. All the realtor gets is a commission for sale.
The Jews and big companies do it all the time; only they don't walk away; they flip to another buyer at a tax writeoff on pennies for the dollar.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Mad Max:
Do you understand the concepts of straw buyers?
It's people who actually own the houses selling it to their family at ridiculously inflated prices and have the banks finance it, and then walk away leaving the bank holding a worthless piece of real estate. All the realtor gets is a commission for sale.


do YOU understand the concept of a straw buyer? yes, sometimes it is a relative or friend, but often is it some moron who doesn't care about having his credit trashed and looking to make a quick buck. they are recruited by the realtors and used for the sale. the realtor is often the one selling the property at the inflated price. the bank pays them off when a property "sells" for $700k, the realtor throws $30k the buyer's way, and the straw buyer just walks away from it.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
quote:
Originally posted by Mad Max:
Which little guy?
Do you understand the concepts of straw buyers?
It's people who actually own the houses selling it to their family at ridiculously inflated prices and have the banks finance it, and then walk away leaving the bank holding a worthless piece of real estate. All the realtor gets is a commission for sale.
The Jews and big companies do it all the time; only they don't walk away; they flip to another buyer at a tax writeoff on pennies for the dollar.


Cheddie Goberdhan and his cohorts didn't make 25 million on commission only...
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
FM Former Member
Ahmad expected to confess by Friday
July 27, 2011 | By KNews | Filed Under News



US mortgage fraud investigationâ€Ķ

- put up five buildings for US$2.5M bail

Federal Agents in the United States have expressed quiet optimism that Guyanese businessman Ed Ahmad will confess to mortgage fraud by this weekend. This was contained in recent court documents seen by this newspaper.
Authorities in the US have subjected Ahmad to electronic monitoring as they continue to probe the fraud.
However court documents revealed that the electronic monitoring will cease after the necessary affidavits of confession of judgement are filed, which is expected to be done on or before Friday.
As a rule, US prosecutors normally accept plea bargains from persons against whom they have established airtight cases.


Ed Ahmad
From all indications, due to painstaking and diligent investigations, the prosecution has been able to secure enough evidence against Ahmad in the mortgage fraud scheme.
The businessman, who has several business interests both in the USA and Guyana, has since been placed on $2.5M bail, which he secured by pledging five New York properties.
The properties include one at 149-52 115st Street, South Ozone Park, New York, which is listed as owned by one Bibi Nazeema Ahmad.
The others listed at 107-14 and 107-18, both on Liberty Avenue, Ozone Park, New York and two more at 105-20 and 88-18 Liberty Avenue, Ozone Park, New York, are all owned by Ed Ahmad.
Yesterday Kaieteur News tried contacting Steven Kartagener, the attorney representing Ahmad in New York, but was only able to speak with his secretary.

Efforts were also made to contact US District Attorney Alexander Solomon who is representing the United States government.
US Federal Special Agent Bryan Trebelhorn has revealed in court documents how the Guyanese/American businessman fleeced a US lending agency “Countrywide Home Loans” of more than US$700,000 on two New York properties.
According to Trebelhorn, during 2006 and 2007, Ahmad participated in the preparation of approximately 163 mortgage loan applications to a lending agency, Countrywide Home Loans, for which Countrywide has suffered losses.
The special agent said in an affidavit that he has been working on mortgage fraud matters relating to Ahmad since 2007.

Ed Ahmad was arrested last Saturday at the John F Kennedy International Airport in New York by agents from the US Federal Bureau of Investigation, just after he had boarded a Delta Airlines flight to Guyana.
FM
Add Reaction
ðŸ’ŊâĪïļðŸ˜‚🎉🙏ðŸĪ”😀ðŸ˜đ👍👎☝ïļðŸ‘ðŸ˜ŧ👀ðŸ‘ŋðŸ˜ĒðŸĪŠðŸĪĢ✅🙄ðŸĪ·ðŸ”Ĩ🏆📈ðŸĪŊ
Next

Add Reply

Views: 4,682

Membership Required

We're sorry. You must be signed in to continue. Sign In or Register
×
Are you sure you want to remove from your Block List?
×
Loading...
×
When you block a person, they can no longer invite you to a private message or post to your profile wall. Replies and comments they make will be collapsed/hidden by default. Finally, you'll never receive email notifications about content they create or likes they designate for your content.
Note: if you proceed, you will no longer be following .
×
Welcome to the Original Guyanese Discussion Forums, first established in 1996. Here you can discuss, ask questions or generally debate anything related to politics, movies, music, health or just gyaff away your day/night here. A note of warning, the Political forum is not for the faint of heart.  We do have some rules, so please adhere to them .
 
Privacy Statement - Rules

 
 

 

×
Link copied to your clipboard.
×

Access to this requires a premium membership.

GNI VIP Member

Welcome to the Original Guyanese Discussion Forums, first established in 1996. Here you can discuss, ask questions or generally debate anything related to politics, movies, music, health or just gyaff away your day/night here.

Please note while you do have free access to our Forums, the Political Forum will now be a Paid Membership Forum. What does this mean? To write in the Political Forum you must be a paying member. The fee is $25.00 US per year and is non refundable. Payment can be done through PayPal.
Membership is not automatically renewed and you can cancel anytime
We do have some rules, so please adhere to them.
$25.00 per 12 Months (plus tax if applicable)
×