Wednesday, September 9, 2009

Why is the Sunrise Equities Web Site Still Up?

Like the ghost of a dead crazy man, the web site of failed criminal enterprise Sunrise Equities in Chicago still haunts the Internet. Sunrise Equities and some of its top officers screwed hundreds of Chicago investors - mostly Muslims - of approximately $80 - $90 million dollars. CEO Salman Ibrahim and his co-conspirators vanished suddenly in August, 2008. The money seems to have gone with them. The Illinois Secretary of State and the FBI are investigating the scandal. More than 100 investors woke up to learn 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 had taken out home equity loans just to make ends meet. Click on "About Us" and you will see this: Salman Ibrahim is President and Chief Executive Officer of Sunrise Equities Inc. Mr. Ibrahim has led the company through numerous successes with his vision and innovative thinking. That "vision" and "innovative thinking" was all about screwing people out of their life savings. Ibrahim was just another of the many criminal allies of Barack Obama. When Obama was running for the US Senate, Ibrahim and Sunrise Equities gave free use of some of their office space at 6355 N. Claremont, on Chicago's north side to his campaign. (See: Obama's Sunrise Equities Office) Another of Obama's questionable allies in Chicago is Mohammad Tariq Siddiqui ("the Builder"), a major money bundler for his political campaigns. In late August, 2009 a judge ruled that Siddiqui defaulted on a large bank loan. RELATED: Obama Connected to Sunrise Equities, Part One Obama's Connections to Sunrise Equities, Part Two Judge Rules Tariq Siddiqui Defaulted on Bank Loan Still Looking For Salman Ibrahim, Reward Offered MORE ABOUT SUNRISE EQUITIES (to all links on Chicago News Bench) Obama's unsavory ties Cool Hats & Shirts for Cool Conservatives Leave a Comment... Chicago News Bench RSS Feed We're on Twitter...