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Tuesday, September 8, 2009

2

Arab World Gets A Madoff Of Its Own

You are not aloneMeet the man described as Lebanon's Bernie Madoff: "Everyone trusted Salah Ezzedine. A billionaire Shia Muslim businessman and financier from southern Lebanon, he organised pilgrimages to Mecca, ran a major Beirut publishing house and a children's television station, held major investments in east European oil and iron conglomerates, and – much more to the point – was a close personal friend of very senior leaders of the Hizbollah. Indeed, many members of the world's most powerful and successful guerrilla movement, along with the families of their 'martyrs' in the war against Israel, placed both their faith and their inheritance in Mr Ezzedine's hands."

You can guess what happens next.

2 Comments / Post A Comment

Kataphraktos
Kataphraktos (#226)

Funny, because a lot of Americans will be jealous that Ezzedine will die a slow, painful death, whereas they get to finance Madoff's comfy prison stay.

BlinkyMcChuck
BlinkyMcChuck (#202)

Well...yes.

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