Obama's Sunrise Equities Office

2004: Obama at Ibrahim's Sunrise Equities
EXCLUSIVE: Never-before published photo of Barack Obama with his good friend and benefactor Salman Ibrahim, in the offices of the infamous Sunrise Equities, Chicago.

Ibrahim is wanted by the FBI in connection with the 2008 Sunrise Equities scam in Chicago, in which investors were ripped off for a total of approximately $80 million. In the photo here, Obama cuts the ribbon at a ceremony in which Sunrise Equities donated office space to Obama when he was running for US Senate in 2004. 

Sunrise Equities effectively closed in August, 2008 when its CEO, Salman Ibrahim, and other top officers vanished. The money seems to have gone with them. 

The Illinois Secretary of State and the FBI are investigating the scandal. About 150 investors, mostly Muslim, learned in August that they had lost all of their savings to the Sunrise Equities fraud. Sunrise Equities, a shariah-compliant investment firm, targeted investors who were mostly Pakistani Muslim immigrants. Many the victims took out home-equity loans to make ends meet.

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