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 ...
Exactly. :-)
Sherman would have been a good source to tap for information, I agree.
no need to apologize.
I’ve just noticed a pattern going back to the primaries.
Obama or Michelle get criticized for something.
Obama responds with the standard format.
The criticism is “deplorable”
It is a “distraction”
It is part of the failed politics of the past and americans want to hear about important issues that matter to them.
They want change they can believe in......
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