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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (5563)	1/16/2004 8:40:57 AM
From: scion	Respond to of 12465

Yes, it's the same person. He has a 'history' of being involved in troubled companies and lawsuits.

To: peter michaelson who wrote (5563)	1/16/2004 9:00:59 AM
From: scion	Respond to of 12465

Mohamed Hadid FIRST EQUITY PROPERTIES INC, filed this 8-K on 02/25/1997. e. Wespac District Court Action. Wespac is Plaintiff inaction pending in the United States District Court for the Eastern District of Washington, under cause no. CS-95393-FVS, against S.A. Zimco, Ltd., Hall, Joel Ciniero, Mohamed Hadid, Daher Al-Fahoum, Qualis Group, Inc., Qualis Group Holdings, L.P., Nautilus Fund Ltd., Spokane Hospitality Corp., Qualis Care L.P., Medical Resource and Nevada Sea as Defendants. This action is brought to determine the rightful ownership ofthe Wespac shares referred to as the "USREA Stock", and to recover damages which Wespac incurred as a result of the wrongful conduct of the certain Defendants in relation to that stock. The allegations of the complaint are too voluminous to reiterate; however, the complaint generally alleges that certain defendants fraudulently conspired to have Zimco sell Hall's Wespac stock ("the USREA Shares") to Qualis Care, L.P. on March 18, 1994 for the sum of $5,000.000.00, utilizing a forged Wespac certificate. Those same shares were later sold by Zimco to Medical Resource on June 27, 1995 for the sum of $450,000.00. Medical Resource, in turn granted Nevada Sea an option to acquire the USREA Stock for $450,010.00. The acts of certain defendants are alleged to constitute racketeering, fraud, breach of fiduciary duties and conversion, as well as various securities violations. 10kwizard.com