Reply #7: Wouldn't call it honesty.... [View All]

[Say_What]

This guy's a swindler from way back...

<clips>

...In 1992, Mr Chalabi was tried in his absence and sentenced by a Jordanian court to 22 years' jail on 31 charges of embezzlement, theft, misuse of depositor funds and currency speculation.

...One London banking source said: "He boasted that there was nothing to worry about. He said he had just transferred $20,000 for the wife of a top member of the regime so she could buy underwear."

Members of Mr Chalabi's family also ran a gold dealing company, SCF, in London; an investment company, Socofi, in Geneva; and another bank, Mebco, in Geneva and Beirut, as well as a Washington arm, Petra International. The documents record that Mr Chalabi's interests also included companies in Jordan - Al Rimal and Abhara.

By the time of its crash, Petra was the third-largest bank in Jordan, and the poverty stricken Jordanian government was forced to pay out $200m to depositors who would otherwise have lost their savings, and to avert a possible collapse of the country's entire banking system.

Mr Chalabi left the country and subsequently re-emerged living in style in a London apartment off Park Lane.


http://www.guardian.co.uk/Iraq/Story/0,2763,936304,00.html