Al Zarawi, a man with so many aliases no one truly knows if his current incarnation is how he was born. Whatever name he chooses touse it will be the last time for posibly the next 25 years as he pleads guilty to a plethra of frauds.
With a team of recruits and innocent individuals targeted for their wealth, skills or contacts Al Zarawi manipulated financial systems and orgainsations the world over. Targets in United Kingdom, Australia, Hong Kong, Dubai, Cayman Islands, Switzerland, Mauritius and France to name but a few. Many more unknown or un reported frauds may yet remain forever unknown as victims suffer in silence, most angry and upset others humiliated and ruined.
High profile victims have included Swiss bankers, Cayman Islands top law firm and business men such as Ronald Walden ( Fund Manager) , Adane Bergen ( Industrialist Packaging) and Mitain Conrad ( Advisor and Investor) who was orginally named as part of a £90million U.K fraud attempt.
Al Zawari was engratiating himself in his native homeland of Kuwait with the rich and famous when an egal eyed personal assistant of a well known author spotted a subtle likness to Mitain Conrad. Curious as to the similarities in the stories being given out by Al Zawari a firm of private investigators were hired to verify the claims being made of hotels and banks by Al Zawari. This ultimatly led to his arrest and imprisonment while he await sentancing.
The arrest and prompted speculation that assets running into millions will now be seized and made available to the victims via compensation schemes. Even so the many people queueing up already and filing legal claims of title may have years of waiting ahead on top of the years many have waited to find this man. The compensation rules and processes are highly complex and the network and web created by Al Zawari means that most of the stolen money whilst tracable will be very difficult to obtain.
What is clear is that investigators have only just tapped the tip of the pyramid and a few interesting and revealing months lay ahead for all with an interest in this man.
Fraud Watch is an extremly helpful and valuable publication. I have subscribed to the RSS feeds so that i get the latest news as and when it happens.
ReplyDeleteGreat work and keep it up