News for 'salman-ibrahim'

Three men charged in Sharia-based Ponzi scheme

Three men charged in Sharia-based Ponzi scheme

Rediff.com23 Nov 2010

A US court has indicted three owners of a bankrupt Chicago-based real estate development firm for operating a Ponzi scheme that defrauded hundreds of investors, including Indians and Pakistanis, and three banks out of $43 million while claiming to be compliant with Sharia law.