"I'm doing my own investigation Riley, what do you think"?
To: +Caroline Bogart (7577 )
From: +Ken Todd
Wednesday, Apr 8 1998 5:47PM ET
Reply # of 7579
The entity which was supposed to be the salvation of GIFS/Congress Re-Insurance
was, "InterFinance's Suisse Private Banking Ltd.", representing a "group of Eurpoean
and Arabic Investors," as announced in a GIFS Press Release carried by Dow Jones at
12:07 p.m. on Feburary 7, 1997. This was the first press release announcing the
proposed sale.
The parties involved in this were Dr. Thomas Aquino, a long-time friend of Mohamed
and supposed co-defendant in some foreign drug-related indictment. Aquino was
headquartered in Monteviedo, Uruguay--as was the group. Another party was also a
friend of Mohamed who had reportedly been involved in weapons smuggling in
Kuwaite; this is where the Arabic faction came in. Put these together with Mohamed
and think what a trio--a Central American drug smuggler, a Arabic gun-runner, and an
Egyptian-American-Tennessean counterfieter!
Whether or not the entity existed is up in the air. I know the State Reciver sent a letter
to them asking them to contact her and if they intended to purchase Congress as
reported, to please consumate the deal. She never heard any thing at last report.
I do know that Mohamed Khairy Mohamed Zayed, II prepared the InterFinance's
Suisse Private Banking Ltd. stationery on his word processor and that he also wrote the
offer, which Mike then reported on in the press announcement. Mohamed had spent
numerous hours putting his group of friends together to pull off the sale to InterFinance's
Suisse Private Banking, Ltd.--even made their letterhead and fax cover sheets. It's the
old switcheroo, kinda like transferring all of your assets to your wife's name in order to
avoid taxes. If Congress had ben "sold" to these guys, he would have still been in
control.
Had the sale of Congress went through, Mohamed would have just had more "paper" to
pull off even a bigger scam. Ask yourself, which of the GIFS subsidiaries were income
producing? Who in their right mind would pay $117 million for a corporation which was
already in dire financial trouble and had many state and federal agencies on it's back.
Sure, an established corporate name is worth something, but Congress was already
named in litigation over its name.
Mike even often reminded Mohamed that in this press release "we promised to close in
45 days!"
So, definitely the sale to the foreign entity was fabricated within the GIFS Home Offices;
whether or not they went to the trouble to create a dummy company is up in the air. I do
know that they enlisted the help of an attorney named Montenegro in Costa Rica to
supposedly oversee the sale. Attorney Montenegro just happened to be a partner and
shared an office with Cristian Gipson in (Costa Rica), who was Mohamed's flunky.
BTW near the end Mohamed flew Gipson in and out of the country several times to set
up dummy corporations. Gipson, because he was bi-lingual was always the secretary
and treasurer of these corporations, i.e., Delta Corporation, S.A., and Omega
Corporation, S.A. Whenever Mohamed would fly Gipson in it would be to a rented car,
expensive hotel room, etc. Gipson's tab for 2 days(above and beyond the room
charges)was over $1,200. The bottom line is Gipson's services to Mo were definitely
worth making sure whatever Gipson wanted, Gipson received.
Ken Todd
There is a pattern developing, but Pugs and gand have yet to notice
what it is.
BTW, is anyone up on Puhrty these days? Has he become a good guy?
If you feel positive about him, please post. |
