Posted on 10/18/2008 10:31:08 PM PDT by Velveeta
Background of the 2008 Sunrise Equities Scandal
CHICAGO - Barack Obama has strong ties to a Chicago investment company that ripped off investors for a total of approximately $80 million. Sunrise Equities shut down in August when its CEO, Salman Ibrahim, and other top officers vanished. The money seems to have gone with them. Now, the Illinois Secretary of State and the FBI are investigating the scandal.
About 150 investors, mostly Muslim, learned in August that they had lost all of their savings to the Sunrise Equities fraud. Sunrise Equities, a shariah-compliant investment firm, targeted investors who were mostly Pakistani Muslim immigrants. Many the victims took out home-equity loans to make ends meet.
The Muslim Media Network (MMN) reported this on Sept. 11:
"According to latest reports coming from Chicago the management of Sunrise Equities and the affiliated Sunrise Constructions have disappeared after closing their offices. Sunrise CEO Salman Ibrahim, Vice President Amjed Mahmood, and Vice President (Community Relations) Mohammad Akbar Zahid are untraceable."
(snip)
Barack Obama has long had strong ties to Muslims and to Pakistanis. He also has long and strong ties to Sunrise Equities and Salman Ibrahim.
Obama wanted a satellite fundraising office in the “Devon Corridor,” the largely Indian-Pakistani section of Chicago’s West Ridge neighborhood on the north side. Salman Ibrahim was happy to help. Free office space was given to Obama’s campaign within Sunrise’s general offices at 6355 N. Claremont. Obama has long wooed Muslim voters, and did not have a physical presence in this part of Chicago, so the Sunrise location made logistical sense for Obama. It also made sense for Ibrahim and Sunrise as an effort to curry favor with rising star Barack Obama.
Clearly seen in the photos is Barack Obama and Salman Ibrahim.
(SNIP)
Part Two - Obama's Connections...
(Excerpt) Read more at rogersparkbench.blogspot.com ...
And they’re all shady birds and jail birds.
That's POCKistanis.
Just another dirty Chicago politician.
But he smiles as he lies.
Yes, that from his campaign finance chair.
Disgusting.
Pardon me, you are correct.
Can this be in the “real news” sideboard please?
I’ve been beating my head against a wall trying to get the word out. There are only a few bloggers digging and reporting on this.
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Thank you! And WOW are you fast.
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Ping for the morning...This looks HOT
Bookmarked
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Tariq Siddiqui, partner of Salman Ibrahim = Obama bundler
http://news.muckety.com/2008/09/17/obama-less-than-transparent-when-it-comes-to-disclosing-bundler-info/5062
ZAM’S Hope Community Resource Center, a non-profit organization that provides social services in Rogers Park and West Ridge, is organizing a food drive for Hurricane Katrina’s victims.
Saturday, September 10, 2005
Parking lot at the northeast corner of Devon and Rockwell
11am to 6pm
Remarks: 12:30pm
Senator Barack Obama
Please bring non-perishable food items, clothes and money to donate. Checks should be made payable to Katrina’s Relief Fund. Please donate generously!
Hosted by Mohammad Tariq Siddiqui. Sponsored by Alderman Bernie Stone (50th Ward), Broadway Bank, Countryside Bank.
http://72.14.205.104/search?q=cache:im75dZkMUyQJ:www.rogers-park.com/2005/09/do_something_go.html+%22tariq+siddiqui%22+chicago&hl=en&ct=clnk&cd=15&gl=us
I will forward far and wide - thanks!!!
nbot surprising
nbot surprising
nbot surprising
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