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| Arabia |
| The Arab Madoff |
| 2009-02-04 |
| Actors, actresses and businessmen were victims of a Dubai-based Egyptian accused of fraud and of stealing millions of dollars from his clients, it emerged Wednesday. A list of some of Nabil al-Boushi's alleged victims was published Wednesday, one day after the Egyptian billionaire was arrested in the United Arab Emirates. More than 35 complaints were filed against al-Boushi, who owns a brokerage company, by Egyptian and Emirati claimants. They accused him of taking about $37 million with the alleged aim of investing them in the London and New York stock markets, after promising them a 40 percent monthly profit. The list includes famous actress Laila Olwi, said to have lost more than $500,000 dollars, Mervat Amin, another cinema star, losing almost the same amount, and her ex-husband, actor Hussein Fahmi, who lost $2 million. Mahmoud al-Khatib, former footballer and the current vice chairman of Egypt's Al-Ahly Club (lost $6 million) and Hassan al-Gabali, the brother of Egypt's Minister of Health Hatem al-Gabali (lost $12 million) are also among those named as victims, according to the list published by Rose al-Youssef Egyptian daily. A police source was quoted as saying that al-Boushi, who was arrested in the glitzy emirate of Dubai, will not be extradited to Egypt until after his trial in the UAE. |
| Posted by:mhw |
| #3 "promising them a 40 percent monthly profit" No. Sympathy. Whatsoever. Greed doesn't make you rich, but I'm beginning to wonder if rich makes you greedy.... |
| Posted by: Barbara Skolaut 2009-02-04 21:39 |
| #2 As W C Fields once said: "A fool and his money....give me that nickel kid...are soon parted." |
| Posted by: James Carville 2009-02-04 20:22 |
| #1 They accused him of taking about $37 million with the alleged aim of investing them in the London and New York stock markets, after promising them a 40 percent monthly profit. They should have smelled this a mile away. |
| Posted by: Zhang Fei 2009-02-04 19:53 |