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...
