SALMAN IBRAHIM: YOU CANNOT HIDE!
By: Bill Morton and Grammar Gal
Source: http://rp1000.blogspot.com/2008/09/salman-ibrahim-you-cannot-hide.html
As of Saturday night, September 27, 2008, the story of Salman Ibrahim and his failed company, Sunrise Equities, Inc., has been picked up by the following organizations:
Federal News Radio, Washington DC
http://www.federalnewsradio.com/?nid=80&sid=1486562
Forbes Magazine
http://www.forbes.com/feeds/ap/2008/09/26/ap5477595.html
Hindustan Times
http://beta.hindustantimes.com/StoryPage/Print.aspx?Id=f3a35077-69f6-417...
International Herald Tribune (New York Times)
http://www.iht.com/articles/ap/2008/09/27/america/NA-US-Muslim-Fraud.php
UTVI India
http://www.utvi.com/news/latest-business-news-us/11028/invt-scam-shocks-...
Best Chicago Condos
http://www.bestchicagocondos.com/blog/pure-moving-forward-despite-develo...
And, there is this from the Muslim Media Network:
http://muslimmedianetwork.com/mmn/?p=2937
Press Release Re. Sunrise Equities
September 22, 2008 by TMO
PRESS RELEASE
Please Contact:
Name: Salman Azam, Managing Partner of Lakeshore Law Group LLP
Phone: 773-354-3123
E-mail: com
FOR IMMEDIATE RELEASE
Lakeshore Law Group LLP files involuntary bankruptcy petition against Sunrise Equities Inc.
(Chicago, IL – September 17, 2008) — Lakeshore Law Group LLP as lead counsel representing a majority of defrauded investors filed an involuntary bankruptcy petition against Sunrise Equities Inc., a real estate development firm in Chicago, Illinois.
Sunrise Equities had recruited hundreds of investors over the past five years, many of whom were from the South Asian Muslim community, to invest over 50 million dollars in real estate developments in Chicago. “Many of these investors were encouraged to put their life savings and home equity at risk, and were promised a monthly income stream,” said Salman Azam, Managing Partner in Lakeshore Law Group LLP. Over the past few months, it became apparent to investors that Sunrise was unable to make good on its obligations to pay back investors, many of whom stand to lose their homes and life savings in the debacle while the principals in Sunrise Equities are no where to be found and are speculated to have fled the country.
By filing this involuntary bankruptcy petition, Lakeshore Law Group LLP intends to halt any attempt by Sunrise Equities insiders to improperly transfer the company’s assets, prevent any further fraud upon the victims, and initiate an investigative process that will open up the company’s books. This is just the first step in the process. Whether the company’s assets will be sufficient to compensate the investors remains to be seen. All investors seeking further information are encouraged to contact Lakeshore Law Group at (312) 321-6531, or info@lakeshorelawgroup.com.
Lakeshore Law Group LLP is a South Asian Community Law firm located in downtown Chicago with Partners; Salman Azam, Rozina Gilani and Nizam Arain.
For more information, contact:
Salman Azam, Managing Partner of Lakeshore Law Group LLP (773-354-3123)
What began here, utilizing Rogers Park in 1,000 Words as a means of transporting this story beyond the confines of the Chicago Muslim community of the Devon Avenue area, has become an ever-growing saga of fraud, misplaced trust, lies and suspicions.
Salman: your reputation will follow you no matter where you go. You can change your name or your face, but someone, somewhere, will know you. You shall be found!
Will the truth be found? I hope so. Will accomplices be named? I REALLY hope so. Will Salman Ibrahim be prosecuted for "fraud in the name of Islam" against his own people? If so, I hope he is tried before a really tough judge, brought to his knees, and forced to make restitution to the vistim-investors, even if it takes the rest of his LIFE!
A "pious" man would come forward, admit his guilt, and face the consequences. Salman Ibrahim CANNOT be considered a pious man. NOR CAN ANYONE INVOLVED in this shameful act.
Grammar Gal
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Comments
God is watching
Salman can hide in this world but Allah is watching
He's a crook
So far he has been successful hiding somewhere in Pakistan, Dubai or East Africa. In my opinion, he is a crook like CEOs of AIG, Fanny May, Freddie Mac and other financial companies who are lining up for a bail out. Actually he is worst than these other thieves.