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From: StockDung4/8/2006 2:15:03 PM
   of 574
DISPATCHES - The house that Kashoggi built
Publication Date: 3/17/2006
I had bought into the saying that money can’t buy happiness, until I visited the Ol Pejeta House, which stands in a private game reserve, a few kilometres from Nanyuki town.

Exquisite is no word strong enough to describe the house. But there’s more to the magic of this place than the marvel of grace and tranquillity: It used to be one of the holiday homes of the Saudi Arabian billionaire Adnan Khashoggi.

If it is claimed that Khashoggi was famed for his flamboyant spending, then this is part of the testimony to the claim. Adnan Khashoggi was, and perhaps still is, larger than life.

He built the Ol Pejeta house after acquiring 22,000 acres of land as his private game reserve where he kept lions and cheetahs at the house’s entrance.

His staff, it is said, would slaughter a cow everyday for the four lions. Reality or fiction, it is hard to tell. But in his heyday, Kashoggi was said to be the world’s biggest arms dealer.

Well money is one thing and taste is quite another but Khashoggi seems to have been well-endowed in both.

From the outside, the Ol Pejeta house looks just like another massive house. The striking thing from this point is the extensive private grounds and a beautiful brick terrace just outside the front door.

But once inside, everything takes on a grand scale. The reception is palatial, with a huge, round mahogany table where the rich and the famous would sip their drinks as they waited to meet the billionaire.

The living room alone fits one and a half tennis courts and is not cluttered with all sorts of collections and hangings on the wall. There is only one big painting hanging on the wall, called “Leopard Rain’. It’s the picture of a halfway spotted leopard, with more spots raining on it from above.

Here art imitates life as it is at the Ol Pejeta conservancy, on which the house stands. It is prohibited to wander outside the house’s fenced compound to avoid running into a wild animal. It is also that sense of closeness to danger when you are so safe, that makes the house a magical adventure.

For a man idolised in songs and novels in the 70s, coming into this house makes it easy to imagine how Khashoggi lived. I figure the diminutive billionaire walking from the living room, through the TV hall and out into his private pool, glass of wine on one hand and a model on the other.

But when everyone talks about Khashoggi, it becomes hard to separate fact from fiction.

Eunice Kahindo, the Ol Pejeta housekeeper who was a teacher at a nearby school when Khashoggi visited the school only remembers a few things about the man.

“He came here for holiday only twice a year,” she says. “He came with a group of women, usually his girlfriends while the wife and the kids would visit at another time in the year”.

Like the popular line, Khashoggi spared no treasure to live in pleasure. But nothing beats his innovation in self-amusement.

In his dining room is a pulley whose belts were missing. This, the housekeeper explains used to pull a boat-shaped big basket whose belts ran across the room. “He would put fruits, sweets or chocolates in the basket and would use the pulley to lower the basket onto the dining table to amuse his guests. But that was not as far as it went. For his own amusement, it said, he would have one of his girlfriends get into the basket and would move her around the room using the pulley before lowering her onto the dining table.

The pulley remains but the belts and the boat shaped basket are missing.
From the dining room is the kitchen, which alone comes in three rooms. There is first the utensils room, which is just cupboards with plates and mugs and all sorts of cutlery. The next is a small room with two big sinks — this I call the cleaning room. Lastly there is the biggest of all the three rooms that make the kitchen – the cooking area. I’ve only seen this kind of kitchen in movies or royalty documentaries.

Here I was standing in one and I just couldn’t believe how much space food and eating it occupied in some people’s life. If space were to determine the amount of food eaten in a house, I am almost at starvation point! And the kitchen door leads outside to more sinks, perhaps for cleaning the uniforms of the 120-plus stalwarts who worked for Khashoggi.

Today, there are only about ten workers in the house. They cater for the guests who hire the house for exclusive events. The running theme of the house is wood furnishings, rugs and simple elegance – elegance in simplicity.

There is a wall-to-wall dirty-white Persian rug in the living room, matching the cream of the elegant seats. The fireplace is decorated to detail with two bronze lion heads at its base while the wooden plank over the fireplace is done in abstract carving giving the whole place a rare originality.

When we come into what used to be Mrs Khashoggi’s bedroom on the first floor, on one wing of the house, photojournalist Joan Pereruan goes into moaning. “This is not only breath taking but also depressing,” she says.

The massive bed is one of the main wonders of the house. It is a 12 by 12 ft affair, a little raised from the floor and with impressions at the head that look like clouds. Like it is in most rooms, there are banana shaped lampshades by the two sides of the bed. Closets line one side of the room. But on opening them, one discovers that they are actually part of an escape door that leads down stairs.

Khashoggi lived large and dangerously. For all its beauty, two tennis courts and a paved path that leads to the airstrip, this must have been one of the least of Khashoggi’s properties. It is said that after he was declared persona non grata by Kenyan government, Khashoggi staked the house and all the private reserve in a poker game in Spain, which explains how the house changed hands.

But since last year, the house, and the Sweet Waters tented camp, five kilometres from the house came under the management of the Serena hotels.

“We hire the house out for exclusive social groups,” says Dixon Ondieki the general manager of both the camp and the house.

“This house has a way of changing people,” says Eunice Kahindo, the housekeeper. “I see people come in looking beaten or otherwise indifferent but once they get into the house, that changes. They brighten up. Perhaps it’s the vastness, the brightness and the magic of the place,” she says. “Whatever it is, something just happens”

I think it’s the magic of the larger-than-life Khashoggi that rubbed off on the house!

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To: StockDung who wrote (519)4/14/2006 12:38:03 AM
From: Glenn Petersen
   of 574
S.E.C. Accuses Saudi Financier and Executive of Stock Fraud

Published: April 14, 2006

A Saudi Arabian financier and a former executive of a defunct California telemarketing company were sued yesterday by federal regulators over claims that they orchestrated a $130 million stock loan and manipulation scheme.

The suit was filed by the Securities and Exchange Commission against Adnan Khashoggi, the Saudi financier, and Ramy El-Batrawi, who was chief executive of GenesisIntermedia, a telemarketing company formerly based in Van Nuys, Calif. Mr. Khashoggi and Mr. El-Batrawi owned 85 percent of GenesisIntermedia.

According to the lawsuit, filed in United States District Court in Los Angeles, the two men lent 15 million GenesisIntermedia shares to Deutsche Bank Securities while artificially inflating the stock price.

"El-Batrawi, Khashoggi and others also drove up the price of the stock by engaging in large numbers of buys and sells," the S.E.C. said in the suit. "The buys and sells were often done in small lots of 100 to 500 shares, amplifying the false appearance of general investor interest."

A California jury acquitted a financial commentator, Courtney D. Smith, last year of charges he failed to disclose payments he received from GenesisIntermedia to promote the company's stock.

Lawyers for Mr. El-Batrawi and Mr. Khashoggi could not be immediately located for comment. An S.E.C. lawyer, Kara Brockmeyer, said the agency had not determined who their lawyers were. Mr. El- Batrawi has no listed telephone number in Los Angeles, and Mr. Khashoggi's whereabouts is not known, according to the complaint.

Trading in GenesisIntermedia was halted in September 2001 after the shares fell 65 percent. The wreckage caused the failure of the intermediary brokers that handled the loans to Deutsche Bank Securities and saddled the Securities Investor Protection Corporation with a $42 million payout.

Mr. Khashoggi is best known as an arms broker in the Iran-Contra scandal of the mid-1980's, when he served as middleman for illegal sales of weapons to Iran.

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From: StockDung5/1/2006 9:54:43 AM
   of 574
Asean ex, Saxena, to stay in jail

2006-04-28 14:49 ET - Street Wire

by Stockwatch Business Reporter

Fugitive Thai financier Rakesh Saxena has lost his last-ditch effort to get out of jail, and his flight back to Thailand may not be far off, depending on the final appeal of his extradition. Mr. Saxena's stand-in lawyer, Neil Cobb, was in court trying to argue for another review of the financier's bail conditions, conditions that once allowed him to live in relative luxury under self-imposed house arrest.

The house arrest ended in March, when Mr. Saxena lost an appeal of his extradition order to Thailand. With that loss, a judge decided he imposed a flight risk, and ordered him jailed while the extradition fight went to a final appeal.

Mr. Saxena pulled all the stops to try getting out of jail. His lawyer asked the court to consider a judicial review of the jail decision, but a three-judge panel of the court of appeal has struck that down.

Mr. Saxena is wanted in Thailand for allegedly looting $88-million from the Thailand Bank of Commerce before it collapsed in 1996, leading to a financial crisis in that country. Prosecutors say Mr. Saxena, along with the bank's former president, Krirk-kiat Jalichandra, and Saudi arms merchant Adnan Khashoggi, embezzled about $2.2-billlion from the bank.

Mr. Saxena, who was arrested in Whistler, has been fighting extradition for 10 years. He argues he will not get a fair trial in Thailand. His lawyer has until May 3 to file the materials for his final appeal, which will be in the hands of the Supreme Court of Canada.

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To: StockDung who wrote (521)5/4/2006 11:30:08 AM
From: DrAvPaleske
   of 574
Dr. Alexander von Paleske

Saxena just married

According to information posted on the Stockwatch website, Saxena married in prison a couple of days ago.

This is really great, freshly married to put up another hurdle against his extradition.

Lets have a short rerun of his activities from an African perspective:

- Wanted in India for culpable homicide.

- Allegedly crooking with Krirkiat Jalichandra at the Bangkok Bank of Commerce from 1989 to 1996. Jalichandra was sentenced to 30 years in prison one year ago and got another prison sentence earlier this year. Damage: 2.2 billion US Dollars. Running away to Canada with 88 million US Dollars pocket money.

- Allegedly crooking with his friend Adnan Khashoggi, giving him a "loan" of 140 million US Dollars from the Bangkok Bank of Commerce, the Thai authorities want Khashoggi for fraud.

- Allegedly buying the General Commerce Bank in Vienna with Khashoggi, Amador Pastrana and the convicted criminals Sherman Mazur, Regis Possino and Raoul Berthamieu. Turning it into a center of international stock fraud, the damage: One billion US Dollars.

- Allegedly forging a corrupt relationship with leading Canadian Politician John Reynolds in connection with the fake company Wave Tech.

- Running Boiler rooms in Britain (West Shore Ventures) and South Africa, later Botswana (Platinum Asset Management). Total damage unknown.

- Sponsoring a coup in Sierra Leone/Africa together with Tim Spicer, now head of mercenary company Aegis in Iraq and Tony Buckingham, owner of mercenary company Sandline and founder of and director in Heritage Oil, listed on the Toronto Stock exchange.

Dr. Alexander von Paleske
Head, Department of Oncology
Princess Marina Hospital
Ex-Barrister-at-Law, High Court Frankfurt (M), Germany


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To: DrAvPaleske who wrote (522)5/25/2006 9:30:43 AM
From: StockDung
   of 574
In a world of uncertainty, a reliable record of shady self-dealing

But SkyWay, which only lost $40 million of investors money, is an absolute paragon of excellence, corporate governance-wise, when compared to the DC9's previous owner...

Genesis Aviation is one of several dozen company fronts, all of which contain the name “Genesis” in the title, controlled by one of the key figures in the Iran Contra scandal, Saudi billionaire and long-time CIA asset Adnan Khashoggi.

Last month the Securities and Exchange Commission charged Khashoggi and Ramy Al Batrawi, his lieutenant for the past 20 years, with stock fraud in U.S. District Court for Central California. The men are accused of orchestrating a $130 million fraud involving the stock price of GenesisIntermedia.

When the helpful Khashoggi worked with Oliver North to sell arms to Iran, Ramy El-Batrawi was there, as president of a Khashoggi company, Jetborne International, indicted for illegally ferrying TOW missiles to Iran, an “enterprise” which netted someone—though not the U.S. Government or the Contras it was supposedly funding—a tidy bit of change.

Apparently neither man learned that crime doesn’t pay, because Adnan and Ramy’s recent pilferage make the Kovars look like kids stealing a candy bar from a 7-11 after school.

“Just three months after the company’s Initial Public Offering (IPO), the nearly $17 million raised in the offering was gone,” read one wire service story.

“The creative dealings of defendant El-Batrawi partly explains how this money disappeared so quickly,” reported the AP.

Making money disappear since before you were born
“El-Batrawi had a side deal called "Trade Your Way to Riches," and he thus arranged to have its mailing lists sold to Genesis for $3.8 million of the proceeds lifted from the IPO. Additionally El-Batrawi gave himself $362,149 for flying himself around in his private plane to promote the deal on the IPO. road show.”

Another area where Glenn and Brent Kovar might learn something from past master Khashoggi is how, in your financial fraud’s aftermath, to make yourself scarce…

“Lawyers for Mr. El-Batrawi and Mr. Khashoggi could not be immediately located for comment,” reported the L.A. Times. “An SEC lawyer, Kara Brockmeyer, said the agency had not determined who their lawyers were. Mr. El- Batrawi has no listed telephone number in Los Angeles, and Mr. Khashoggi's whereabouts is not known, according to the complaint.”

The SEC may be interested to learn what The MadCowMorningNews discovered El-Batrawi doing a year ago. The high-roller was spending millions gambling in Vegas, where he flew by private jet. The TV show “Casino Diaries” even profiled him in action.

The DC9 has also been “owned” by Finova Capital, revealed in the early 90’s as a CIA front which also “owned” the C123 military cargo plane used by notorious drug smuggler and CIA pilot Barry Seal, which was later shot down over Nicaragua with Eugene Hasenfus onboard.

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To: StockDung who wrote (523)5/25/2006 12:50:32 PM
From: PaleskeDrAv
   of 574
Adnan Khashoggi, Rakesh Saxena, Tony Buckingham and others, the broader picture.

First to mention is a veteran of arms and shady deals, a close friend of the bin Laden family for decades, an uncle of the late Dodi Fayed, the last partner of Diana Princess of Wales and brother-in-law of the owner of Harrod's Supermarket in London, Mohamed Al Fayed, his name: Adnan Khashoggi, once called the richest man on earth.

His origin is Saudi Arabia, his favorite place to live is Marbella in Spain and his favorite business are arms deals and the stock market, especially in Vancouver/Canada.

At present, however, he likes more the sand of the beaches of the United Arab Emirates, a better, because safer place to be, when arrest warrants and extradition requests are piling up.

He was involved in the Iran-Contra Affair in the 80s, in which the Pentagon sold weapons to Iran and the profits were used to buy weapons for a CIA sponsored group in Nicaragua, the Contra Rebels. Everything illegal of course, but an army man by the name of Oliver North was day and night putting documents into the shredder, when the scandal was about to be made public. It is good to have such trustworthy people in your house.

Khashoggi was also involved in the Bank of Credit and Commerce International (BCCI), a massive washing machine for illegal money from the Medellin drug cartel, Manuel Noriega, and other druglords.

The bank was forcibly closed in 1992 after investigations by a committee of the US senate.

However Khashoggi, likeable as he is, had and has friends all over the world, so lets forget about the BCCI-Affair and move on to Thailand, to the Bangkok Bank of Commerce.

The CEO of that bank was in the 90s Krirkkiat Jalichandra. A promsing young man of Indian origin, by the name of Rakesh Saxena was introduced to him.

Saxena was wanted in India for culpable homicide, who cares, was a communist before, while studying in India, who cares and according to the slogan, who is not a communist at age 20 hasn't got a heart, and who is still a communist age 40 hasn't got a brain, and Saxena had brains, he forgot Marx and Engels and concentrated on fraud and corruption the big way and advised his "brother in fraud" Jalichandra accordingly both together a "duo infernale", so to speak.

Money was pumped into a labyrinth of fake companies and "small gifts" in cash and kind were handed out to politicians and friends, a non repayable loan was given to Saxenas friend Adnan Khashoggi, amounting to only 134 million US Dollars, peanuts, so to speak.

However such big fraud, that triggered eventually the Asian Banking Crisis in 1997 cannot go on forever one time the bubble has to burst and in 1996 the scheme collapsed, however Saxena, clever as he was, left in time the sinking ship and fled to a much cooler place, Canada.

Not forgetting, allegedly to take some pocket money with him, only the laughable sum of 88 million US Dollars laughable, because the damage he and Jalichandra allegedly caused amounted to more than three billion US Dollars.

Jalichandra was not so lucky, he got arrested and has been sentenced to 30 years in prison one year ago.

Thailand wanted Saxena extradited, but Saxena did not want, had money enough to hire the best of the best of lawyers and he convinced the Government of Canada, a banker is a banker, that it would be cheaper to put him in self paid house arrest, than into a prison.

So he is still in Canada and until a few weeks ago, when he was put back into prison he was not resting, to the contrary. He was as busy as ever.

First came Tim Spicer, the mercenary, Ex-Lieutenant Colonel, OBE, hated by the Irish because soldiers of his unit, when he was stationed in Northern Ireland, killed an innocent Irishman by the name of McBride. These soldiers were later convicted for murder.

However Spicer campaigned and lied for them, so that they were early released and then reinstated in the British Army, they are now on patrol in Iraq, where killing of innocent civilians is rather a day to day event.

Spicer needed money, Saxena had money for his adventure in Sierra Leone.

Tony Buckingham, former Special Forces (UK) man, founder of and director in the company "Heritage Oil", listet on the Toronto Stock exachange was the owner of the mercenary company Sandline, of which Spicer was the chief executive until 2000
Sandline offered their service, in exchange for diamond mining rights, to ousted President Kabbah with old apartheid soldiers from the infamous South African apartheid 32. Buffalo Battalion, and Koevoet, well known killer units, their motto: shoot to kill, and their battleground in those days were the newly independent state of Angola with the refugee camps of SWAPO and the illegally occupied Namibia.

The unit, named Executive Outcomes, was founded and headed by Eeben Barlow, former member of the Buffalo Battalion and then of the Civil Cooperation Buraeu (CCB) the latter an South African apartheid death squad, which can take credit for countless extrajudicial killings inside and outside South Africa including hundreds of SWAPO freedom fighters allegedly killed with poison delivered by a Dr. Wouter Basson and the bodies thrown out of a plane over the Atlantic Ocean.

Saxena offered 10 million US Dollar, he had mining interests there as well, bought with money from the Bangkok Bank of Commerce, and with Saxenas/Bangkok Bank of Commerce money Spicer bought tons of weapons in Bulgaria and elsewhere.

This was the start, of what was later called the Arms to Africa Affair. Active in this scheme there were also Simon Mann and Nick du Toit, both in prison now, one in Zimbabwe, the other one in Equatorial Guinea after the failed coup attempt in 2004, in which allegedly also Mark Thatcher was involved.

Ths military intervention in Sierra Leone was in flagrant violation of an UN arms embargo, who cares, and with the approval of the resident British High Commissioner, Penfold. When the things came out, it nearly brought down the Blair Government in 1998.

Already before their Sierra Leone job , Spicer, Mann and Buckingham had gone global in 1997, this time to the other end of the globe, Papua New Guinea for a lump sum of 36 million US Dollars to be paid by one of the poorest states on earth.

The Government there fought unsuccessfully against a rebel group on the Island of Bougainville to get hold of a copper mine, owned by the British company Rio Tinto. The fight erupted because of the environmental disaster, caused by the mine, that threatened to destroy the livelihood of the people there.

Buckingham, Spicer and Simon Mann offered "help", the mercenary way via Sandline and Sandline subcontracting the dreck of the Ex Out mercenaries. Also with them Lafras Luitingh, another former member of the Apartheid-CCB, who can take credit for having been involved in the murder of ANC activist Dr. David Webster on 1st May 1989 in Johannesburg and SWAPO Advocate Anton Lubowski in Windhoek on 12 October 1989.

This time round, however, things did not work out, the army under General Singorok rebelled, the Prime Minister Sir Julius Chan had to resign and Spicer was arrested and later left the country only with the help of the discrete diplomatic pressure by the British government.

Still they made their fortune, as a lot of money had been prepaid .

Meanwhile mercenary godfather and mining baron Tony Buckingham was also active in many African countries, apart from Sierra Leone and Angola, namely Congo Brazzaville, DR Congo, Uganda, Kenya Namibia to name a few.

He was specifically welcomed in Namibia, where the government made him a director of the state owned Offshore Development Company (ODC) and he used his contacts to introduce Ranger Oil Canada to the Government, successfully, Ranger got huge exploration rights. Ranger and Buckingham were close business partners for quite some time.

As a Thank You Buckingham made government officials shareholders in his company Oceanica Fisheries, and the government granted him mining rights in a Tourmaline mine near Karibib, Indigo Sky Gem and Camelthorn Mining, and allowed him to dislodge 1000 small scale miners there and to throw them onto the roadside.

Who greases well, drives well.

And South Africa's Mine Minister Mrs. Mlambo-Ngcuka gave a prospecting license with much fanfare in 2001 to Ranger Oil, despite the well known connection to Buckingham and his mercenaries

In Kenya Buckingham appointed Sanjivan Ruprah, a well known arms dealer, head of his mining company Branch Energy.

Sanjivan Ruprah became also a close confidant of Charles Taylor in Liberia and of Victor Bout, with whom he worked closely together. Sanjivan Ruprah helped arming the child soldiers in Sierra Leone on behalf of Charles Taylor, those, who committed horrific mayhem amongst the civilian population, including mass killings, hacking of limbs, rape, torture.

Victor Bout, called "Africa's Merchant of Death" is a Russian, who runs a fleet of 50 russian made transport planes. He delivered weapons to the Taleban and Al Qaeda before 2001 and organized chartered flights to Afghanistan, , certainly not for tourists. Bout was fuelling virtually each and every armed conflict in Africa for the last 15 years with his weapons transport and Diamonds as payment, especially in Liberia, Sierra Leone Angola, DR Congo.

After the invasion of Iraq he was hired by American companies. Money talks and a plane is a plane. He was also busy transporting goods to Afghanistan after 2002, who cares.

Ruprah knows Khashoggi, because they shared an office address in London. Kashoggi is a friend of Saxena, Saxena is a friend of Spicer and so forth.

And Khashoggi and Saxena were not just watching, what was happening in Africa, they had also had serious business to do, Khashoggi in America and Saxena in Canada, before both joint forces and went to Vienna Austria.

In 2001 Khashoggi, via his company Ultimate Holdings, based on the Bahamas with a complicated lending scam allegedly pumped up the stock of a Nasdaq bubble company by the name of Genesis Intermedia, in which Ultimate Holdings was the majority shareholder.

The company was built around a book by a John Gray, "Women are from Venus and Men are from Mars".He forgot to add that arms dealers and mercenaries are from hell.

Involved in that scam were Deutsche Bank in Toronto and a slew of criminal stockbrokers and after the scam collapsed in 2001, Khashoggi and his friend El Batrawi were 130 million US Dollar richer, broker houses filed for bankruptcy , the damage amounting to more than 300 million US Dollars.

Deutsche Bank has now settled out of court and is paying, still denying any responsibility, of course.

Meanwhile Saxena in Canada was busy as well. He appointed the leading opposition MP in the Canadian Parliament, John Reynolds as board member in a flimsy company called WaveTech while fighting at the same time an extradition request from Thailand in the courts of Canada. A simple word for that is most likely corruption. A friend, even when bought, in need is a friend indeed.

And he was involved in boiler roms around the world, amongst them Westshore Ventures in the UK and Platinum Asset Management in South Africa and later Botswana and was exposed in August 2005 here by me and the local Sunday Standard.

However shared success is doubled success, so he went to good old Europe in 2000 with his friend Khashoggi. Khashoggi in person, and him being under house arrest via the phone. They linked up with a Filipino by the name of Amador Pastrana.

Pastrana had already earned himself the reputation as being a king of the boiler rooms earning him more than a billion Dollar.

Boiler rooms are cramped small offices, from where selling of shares to unsuspecting clients is organized. They apply high pressure sales pitches on their victims.

Those clients have money but no banking experience, they are neither banker nor broker

The shares they sell to pensioners, and medium income earners are worthless, artificially pumped up Penny stocks and the clients never see their money again.

The most effective and sophisticated fraud scheme to date.

Saxena, Khashoggi and Pastrana bought together the WMP Bank AG in Vienna, Austria renamed it General Commerce Bank and turned it into a boiler room, the fraud organized there amounts, according to press reports, to roughly one billion US Dollar. With them the convicted criminals Regis Possino, Raoul Berthaumieu and Sherman Mazur.

In 2001 the Bank was closed.

1 billion in one year.

Meanwhile Spicer did not rest either. He opened a new mercenary company after he left Sandline by the name of Aegis and the Invasion of Iraq brought him a fat contract by the Pentagon to the tune of 293 million US Dollar.

He is now overall in charge of all the mercenaries in Iraq, totaling more than 20.000, quite a few former Executive Outcome dreck.

And Tony Buckingham is busy in Iraq as well.

In 1995 he paid a courtesy call to Iraq, walking in the Hotel lobby of the Al Rasheed Hotel over a distorted picture of former US president Bush and exploring with former Iraq's Oil minister possible oil ventures.

After he Invasion he is back, go with the flow, having good contacts with Iraqi Oil ministry officials and getting a prospecting license in Kurdistan for his company Heritage Oil.

And he quickly closed Sandline on 16th April 2004 after the failed coup in Equatorial Guinea.

The list would be incomplete, without mentioning a group of dealers of weapons of mass destruction.

Gerhard Merz, German, alleged transport officer in the failed coup in Equatorial Guinea, who was arrested in Malabo and died a few days later amidst allegations of torture, transported from 1992 to 1994 nerve gas components for Mustard and Sarin and "know how" for their production from China to Iran with an Israeli international criminal by the name of Regenstreich alias Regev and the support of the Israeli secret service Shin Bet.

Parallel to this group another group headed by an Israeli Nahum Manbar and a British Mi6 agent by the name of Richard Tomlinson also transported nerve gas components and KnowHow from China to Iran with the active support of the Shin Bet and the Mi6.

At the same time the UN weapons inspectors were searching for these weapons in neighboring Iraq

Simon Mann meanwhile is in Chikurubi Maximum Prison in Harare, Buckingham and Spicer in Iraq, Sandline closed down and Aegis opened, hiring mercenaries and doing what they did in Sierra Leone, Angola and now in Iraq: Killing innocent civilians with impunity.

Dr. Alexander von Paleske
Head, Department of Oncology
Princess Marina Hospital
Ex-Barrister-at-Law, High Court Frankfurt (M), Germany

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To: StockDung who wrote (523)6/30/2006 11:48:51 PM
From: PaleskeDrAv
   of 574
Financial Giant Deutsche Bank has paid up now, denying any responsibility, of course, a gift so to speak.

Dr. Alexander von Paleske

Posted on Thu, Jun. 29, 2006

Bank settles fraud case
Stockwalk award to go to creditors
Pioneer Press

Deutsche Bank has settled a lawsuit filed against it by Stockwalk Group to recover losses incurred as part of a massive securities fraud allegedly orchestrated by the German financial giant, a fugitive Saudi arms dealer and other individuals that bankrupted the Minneapolis-based securities firm.

Terms of the settlement, reached last week, are confidential. Local industry insiders estimated the settlement was for tens of millions of dollars.

"We're pleased with the results," said David Johnson, president of Stockwalk. "This is the end of our litigation with Deutsche Bank."

A spokesman for Deutsche Bank in New York confirmed the settlement but declined to elaborate.

Robert Weinstine, the Minneapolis lawyer representing Stockwalk, has said the company suffered between $75 million and $100 million in damage to its business.

Weinstine on Wednesday said a "substantial portion" of the settlement will be earmarked to repay money the company owes to creditors. In December, Stockwalk still owed about $40 million to creditors.

The amount apparently does not cover full payments to creditors. "In order to pay our creditors in full, Stockwalk anticipates the borrowing of additional funds," according to a letter sent to creditors last week that was obtained by the Pioneer Press.

Stockwalk filed the suit in September 2004 against Deutsche Bank, fugitive Saudi arms merchant Adnan Khashoggi and five other individuals.

Shortly after the Sept. 11, 2001, terrorist attacks, a Stockwalk subsidiary called MJK Clearing became insolvent after losing more than $200 million in a series of risky deals that involved borrowing and lending securities. Regulators took over MJK Clearing and forced it into the largest liquidation of a securities firm in U.S. history.

The suit alleged that the head of Deutsche Bank's stock loan department in Toronto and two acquaintances helped Khashoggi and his associates manipulate shares of a telemarketing company that Stockwalk had borrowed and re-loaned to other securities firms. The scheme fell apart when the telemarketing company's shares lost their value and a New Jersey brokerage that supplied the stock defaulted on a collateral payment to Stockwalk and went out of business.

In December, Deutsche Bank agreed to a $270 million settlement of similar securities-fraud charges brought by a U.S. Bankruptcy Court trustee overseeing the liquidation of MJK Clearing. In that settlement, the bank paid $147.5 million to the estate of MJK Clearing and will settle with three securities firms that have roughly $120 million in claims against the estate. Stockwalk received $10 million from that settlement and the rest went to the Securities Investor Protection Corp. and creditors.

Stockwalk and the trustee for MJK Clearing still have claims pending against a number of individuals and companies named in their suits, according to the lawyers for both parties.

Today, Stockwalk, which reorganized as Miller Johnson Steichen Kinnard under its 2002 bankruptcy, has 190 employees and more than $2 billion in managed assets.

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From: PaleskeDrAv1/6/2007 11:09:31 AM
   of 574
SEC fines two in Genesis Intermedia Scandal.

The SEC fined last week two former employees of MJK Clearinghouse in Minneapolis in connection with the Genesis Intermedia fraud scandal, in which arms dealer Adnan Khashoggi is allegedly the main culprit, however, as usual, not fined (yet?)
Mr.Jeffrey Houdek was fined for noncriminal improper conduct US Dollars 20.000 and a nine months suspension, whilst Mr. Todd Miller was fined US Dollars 35.000 and a 18 months suspension.

Both were absolute minor players in the whole scandal, most likely unaware what was going on.

Will Khashoggi and El Batrawi , the alleged main culprits ever be prosecuted? Or do their former connections with the US government help them, to get away with everything?

Dr. Alexander von Paleske
Head, Department of Oncology
Princess Marina Hospital
Ex-Barrister-at-Law, High Court Frankfurt (M)

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To: StockDung who wrote (502)3/27/2007 10:45:46 PM
From: afrayem onigwecher
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From: StockDung4/30/2007 11:32:04 AM
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Ramy El-Batrawi
Cell: (310) 497-6957


Ramy El-Batrawi has structured many substantial business transactions, both nationally and internationally, over the past 20 years. He has worked, and negotiated transactions, with many significant high-net-worth individuals and private equity funds, including such prominent names as Adnan Khashoggi, Carl Ichan, Marvin Davis, and The Yucaipa Companies.

GSI is a consulting firm established to leverage Mr. El-Batrawi’s expertise in mergers and acquisition of closely held and public companies. His experience in developing bidding strategies, deal structuring, offer structuring, acquiring and growing companies and executing the transaction has led to win-win transactions for all parties. Through his ongoing relationships with high net worth individuals, investment banks, and private equity firms, Mr. El-Batrawi can close transactions on an expedited basis. His ability to quickly gain a comprehensive understanding of a business and an industry, the markets served, and its competitive position within the industry, and to build solid relationships with management has enabled him to formulate and execute the best financial and structural solutions to each and every deal.

In February 2004 Mr. El-Batrawi negotiated with the Ron Berkle’s Yucaipa Companies, a Los Angeles-based private equity firm, on behalf of Piccadilly Restaurant investment Group, LLC to acquire the assets and ongoing operations of Piccadilly Cafeterias, Inc. pursuant to Section 363 of the Bankruptcy Code. Piccadilly Cafeterias is one of the largest cafeteria restaurant chains in the United States and is the dominant one in the Southeastern and Mid-Atlantic regions. Founded in 1944, Piccadilly currently operates 132 cafeterias in 15 states. The Company expects to generate $260 million in net sales in the first twelve months following acquisition.

In July of 2003 Mr. El-Batrawi negotiated and structured the financing for Telecom Pacific Investment, LLC to specifically invest in the telecommunications industry. At the time of the successful close-out of Telecom Pacific Investment, LLC in February 2004, just seven months after its formation, the value of the company had increased 53.6% over the amount of the original investments. Annualized, the return was approximately 90% on the total amount invested.

In 2002 Mr. El-Batrawi successfully structured approximately $18 billion in equity and debt financing in connection with a bid for Vivendi Universal. Mr. El-Batrawi successfully put together a consortium of high net worth individuals and private equity firms, which consisted of Marvin Davis, Texas Pacific Group, Apax, Allen & Co, Carlyle Group, Bain Capital, Blackstone, and others for a total equity of $10Billion. He also arranged debt financing of $8Billion from JP Morgan, Fleet Bank, and Deutsche Bank. At the end, GE won the bid to acquire Universal.

In December of 1998 he acquired Global Leisure Travel, Inc., which was a pioneer in consolidation in the travel industry. GLT’s annual gross sales in 1998 were approximately $220 million. GLT was the parent company of several travel-related companies including Maupintour, a 48-year old escorted tour operator based in Lawrence, Kansas; Sunmakers, a quality “sun” destination independent travel package provider based in Seattle; Jetset Tours, a nationally renowned discount air consolidator; and Regency Pacific, a specialist to Asian destinations. Other companies under the GLT umbrella included Kailani World Travel, Hawaii Leisure and Cruise Alaska Tours. In 2000 Mr. El-Batrawi sold the company in part to Carl Ichan and in part to Travel Buy

In October 1993 since its inception to October 2001 Mr. El-Batrawi was the principal stockholder and chief executive officer of GenesisIntermedia Inc. He also served as director and chairman of the board. GenesisIntermedia had its initial public offering in June of 1999 and the total market cap reached as high as $450M.

From 1987 to 1994 Mr. El-Batrawi worked with Adnan Khashoggi internationally where he facilitated and negotiated significant transactions between global industrial companies and world governments. Firms with which he was involved during this period include Lockheed Corporation, Carnival Cruise Lines Inc., Lonrho, Inc., McDonalds Corporation and Eastern Airlines. Mr. El-Batrawi structured and otherwise worked on many large transactions, including a $12Billion pipe line deal in the Sudan which he negotiated and for Eastern Airlines, arranging financing for and ultimately selling to Aeroflot Eastern’s entire fleet of L1011s.

Additionally, during this period he was the sole shareholder, President and Chairman of the Board of Directors of several companies, including Mars and Venus Counseling Centers, Inc., Genesis Aviation, Inc., Genesis Aviation II, Inc., Genesis Diversified Investments, Inc., and Sentient, Inc.

From 1984 to 1987 Mr. El-Batrawi owned and operated Nationwide Van Centers, a chain of recreational vehicle dealerships.

From 1977 to 1987 Mr. El-Batrawi started many other small companies.


In 2000 Ramy El-Batrawi was honored through his selection to participate on the entrepreneurial panel in GB2000, The Graduate Business Conference hosted by UCLA’s Anderson School of Management. The Graduate Business Conference was conceived in the fall of 1982 at Columbia Business School, and has been an annual event for MBA students since the spring of 1983. The Conference has been hosted at Columbia University, Duke University, the Wharton School and UC-Berkeley, among others.

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Last modified: 09/04/05

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