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2010-11-18 -Lurid Crime Tales-

Three men charged in Islamic-based Ponzi scheme

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Posted by Fred 2010-11-18 00:00|| || Front Page|| [8 views ] Top

#1 Like those who donated to Democratic candidates in the last election, the money that went into this is no longer available for more nefarious purposes... and the fraudsters will end up in jail. I am content with the outcome.

Actually, if I understand correctly, if the fraudsters are also taqfiris -- or at least observant Muslims, the scheme would indeed have complied with Sharia law if it took from those less pious to give to those more so. All others merely holding their possessions in trust for those favoured by Allah as sheep for the shearing and fields for the harvesting.

Posted by trailing wife 2010-11-18 00:58|| 2010-11-18 00:58|| Front Page Top

#2 According to Fitzgerald's office, the men promised annual returns of between 15 and 30 percent........Federal Bureau of Investigation's Chicago office, said this case marks the first time in the city "that an alleged fraud scheme has been uncovered that used a pillar of Islam" as a lure.

Bernie Madoff profit profile. Different religion, same greed. Next window please.

Posted by Besoeker 2010-11-18 01:19|| 2010-11-18 01:19|| Front Page Top

#3 The common trend here is "religious in-group scam". I've read elsewhere that Utah Mormons are disproportionately victimized by confidence men because once you get inside the circle of trust, defenses against con games are lowered. Look at Bishop Koyle's eternal "Dream Mine" scam.

Posted by Mitch H. 2010-11-18 12:56|| http://blogfonte.blogspot.com/ 2010-11-18 12:56|| Front Page Top

#4 Robert Grant of the Chicago FBI said:
this case marks the first time in the city that "an alleged fraud scheme has been uncovered that used a pillar of islam" as a lure

Nah...

Too Easy...

Way too easy...

Posted by Admiral Allan Ackbar 2010-11-18 19:35|| 2010-11-18 19:35|| Front Page Top

#5 $43M is a lot considering the 'marks' were generally ethnic Pakistanis in the Chicago area.

I wonder if the three banks involved were politically favored outposts of the Dem party or the Daley family or the banks had been mau mau ed into being multicultural.

Apparently some of the con men have already left the country.

Posted by lord garth 2010-11-18 19:36|| 2010-11-18 19:36|| Front Page Top

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