Euro Falls, Wall Street Drops as Spain, Italy Turn Backs on Greece

May 23, 2011 - As the Greek debt crisis continues to linger, one of Europe's other debt "PIGS" has shown the chutzpah to lecture Greece. Spain is one of the "PIGS" (Portugal, Ireland, Greece, Spain) that threaten to drag the euro and Europe into the slop of a worsening recession. Without drastic action, the PIGS of the eurozone seem doomed. The New York Times has a good article about the Greek economic tragedy today that says, "When Greece’s financial decision makers were summoned to secret talks at a Luxembourg castle by their euro zone partners this month, they knew a tongue-lashing was coming over the country’s stumbling reform efforts." Greece deserves that tongue-lashing, but the Times went on to note that, "What they did not expect was that it would be Spain and Italy, as opposed to Germany, that would take the lead in upbraiding Greece for not pushing faster on privatization and tax overhauls." Reuters-Africa reports that Wall Street's bad day today was due largely to fears over the fate of the sickly euro. Greece's credit rating was lowered by Fitch Ratings last Friday, which gave Wall Street an entire weekend of angst before they acted out today. None of this is helping investors' confidence. The Wall Street Journal reports today that stock market's volatility index "rose to its highest level in two months on Monday as investor concern over the worsening European debt crisis carried over to U.S. markets and drove stocks down."

Will Lloyds Enter the Equities Business?

Sarah Butcher at eFinancialCareers says "maybe." If true, this will come as quite a shock to financiers in the UK - and the rest of the financial world as well. Surprise, surprise – according to various headhunters, Lloyds, the doyenne of the nationalised banking sector, is said to be building an equities business. Rumour has it that the bank has brought in the services of Terry Murray, a former Bridgewell banker, as head of equity sales, and is looking to hire a team. Full Article... See more about Lloyds from Sarah Butcher. Eeeyipes. Chicago News Bench RSS Feed CommieBama Hats and More

Screwed by Madoff? This Might Help You...

The South Florida Business Journal reports that there is help for at least some of the people who have been screwed in the worldwide Madoff scandal: Investors who lost money in the Ponzi-like scheme behind which Bernard L. Madoff was the alleged mastermind might be able to recover some of their money. Here's how... RELATED: Bernard Madoff arrested over alleged $50 billion fraud Reuters Not just super rich caught up in Madoff case - U.S. business ... ABC News: SEC Official Married into Madoff Family Bernard L. Madoff Investment Securities LLC

India and Thailand Tensions Heighten, Yet Markets Rise

By now, you are probably aware of the terrorist siege of Mumbai, India. Partially eclipsed by those headlines are these two: Thailand Cabinet Considers State of Emergency Decree and India, Thailand at odds over ‘pirate ship’ sinking. India is already in a state of emergency. Thailand is about to enter one. Neither nation is having a good week. Yet, with all the troubles in Thailand and India, and with the global economic crisis, markets are up around the world. Go figure. RELATED: Thailand summit may be delayed India defends anti-piracy action in Gulf of Aden Asian markets advance; India closed after attacks Japanese market ends up Gold again touted as 'safe haven' Asian Stocks Rise After Chinese Rate Cut Europe shares rise early, tracking US, Asian gains 2nd UPDATE: Asian Shares Off Highs; Pre-US Holiday Caution

Illinois Investigating Sunrise Equities Scandal

It's about time. Chicago investment firm, Sunrise Equities, shut their doors back in mid-August, leaving investors confused, worried and angry. Salman Ibrahim, CEO, and other officers vanished. They left Chicago - and probably the US - with about $80 million of investors' money. Most investors have been totally destroyed by the scandal, and now, finally, two months later, the "Illinois Secretary of State's office filed a temporary order of prohibition against the missing CEO and president of a shariah-compliant investment firm." RELATED STORY: "OBAMA CONNECTED TO SUNRISE EQUITIES SCANDAL, PART ONE" That's according to a report, out moments ago on the Chicago Journal web site (10 pm, Chicago, Oct. 22). It continues: "A spokesman for Jesse White's office said state investigators have gathered sufficient evidence to believe there was a violation of securities law." "Sufficient evidence," they say, casually. How about this for sufficient evidence: CEO and top officers vanish; doors locked; phone calls not being returned; investors not getting scheduled check. What the hell was the State of Illinois waiting for? Let me veer onto a side street for a moment. Perhaps the Illinois Secretary of State was afraid of being called a religious bigot for going after a Muslim company. I'm being sarcastic, of course, but believe it or not, there really are lunatics out there who accuse me and other writers who are covering this of targeting Sunrise Equities. The Bench, and others writing about it, have noted that the investors - most of whom are Muslim - have been violated. We believe and hope that they get relief and justice. This is a case of Muslims being screwed by fellow Muslims. How, then, is it bigoted to simply report that? (Perhaps those who make such cavalier accusations can throw them at my good friends at Muslims Against Sharia, where I am one of their contributing writers.) Chicago Journal continues: "Investors noticed something awry when they stopped receiving monthly disbursement checks from the investment firm in August. The firm's corporate officers and employees also stopped returning investors' calls, which investors said was highly unusual." Sure, but not "unusual" enough, apparently, for the State of Illinois to jump on right away. "The temporary order names Sunrise Equities Inc. and Sunrise Management II. The firm also did business as the Sunrise Development Group and Sunrise Development Inc., with addresses at 6355 N. Claremont, 1000 W. Monroe and 1023 W. Madison. "In addition to Ibrahim, the order lists company founders Amjed Mahmood, of Des Plaines, and physician Mohammed Akbar Zahid, of Chicago. Both appear on the company's Web site as the senior vice presidents of construction and community relations, respectively. Saquib Anwar, also named as a "respondent," is listed as an employee and sales agent of Sunrise. "The temporary order alleges that Ibrahim and others failed to register securities and committed fraud in the sale of securities." The Chicago Journal also noted that, "No one has seen or heard from Salman Ibrahim, the president and CEO of Sunrise Equities since August. Salman, whose last known address is the 5600 block of W. Eddy, has been accused of allegedly bilking hundreds of investors from West Ridge's Indian-Pakistani community and from around the world. Investors' losses are estimated between $50 million and $80 million." MORE ABOUT SUNRISE EQUITIES (on The Bench) OTHER LINKS: IL Sec of State Investigating Sunrise Equities Scandal More results from Rogers Park in 1000 words Obama’s Muslim “outreach” problems. Coincidental? Get real! Obama and the Sunrise Equities Failure: Sharia Firm Scandal So necessary to read, I am posting this article again-OBAMA linked ... Obama and the Sunrise Equities Failure: Sharia Firm Scandal $15.5 Million Foreclosure Lawsuit on an Uptown Development Site Cole Taylor files foreclosure suit over Uptown development The Irish Suing to Recover Deposits

Sunrise Equities Scandal and Multiculturalism

O ye who believe! Devour not usury, doubled and multiplied;

but fear Allah; so that you may be successful.

3-130 Surah Al-Imran Verses

Multiculturalism played a major role in the sad case of one of Chicago's biggest financial scandals, currently ongoing and presenting a working mystery for the FBI and other law enforcement agencies.

ALSO SEE (10/17/08): OBAMA CONNECTED TO SUNRISE EQUITIES, PART ONE

The scandal in a nutshell: Sunrise Equities, headed by CEO Salman Ibrahim, was a sharia compliant investment firm that preyed primarily on Muslim investors. Ibrahim, who presented himself as a devout Muslim, was quickly embraced as an honest man, a man of holy righteousness, a man who you could trust. 

As the News-Star wrote recently, "The charismatic Ibrahim impressed prospective investors at Sunrise Equities with his deeply held religious beliefs. He regularly attended prayer services at the mosque located in the basement of his firm's office at 6355 N. Claremont, often serving as an imam or prayer leader. Local Muslim clerics vouched for him, and Ibrahim and his partners promptly returned investors' phone calls. But when the monthly disbursement checks started bouncing in August, and Sunrise's offices went dark, investors grew worried and began contacting the local Muslim media." (Source: News-Star, Sept. 24, 2008) 

How did multiculturalism contribute to this debacle? Consider: How many of your average investors consult their priests or rabbis before handing over upwards of $300,000 to an investment firm? Not many. But many of the unfortunate Muslim investors in Chicago who put their life savings in the hands of Sunrise Equities did, and they did not bother to go outside of their tight community to research Sunrise or to consult with non-Muslim investment experts. 

Do not confuse Diversity with Multiculturalism. I'm all for diversity. That is, people of various ethnicities and races and religions and whatever living together, next door, in harmony. However, that's quite different from multiculturalism, which is a situation that isolates those groups from each other into secluded or semi-secluded enclaves. That leads to communication breakdown, language barriers, suspicion, mistrust, fear. It divides us. Multiculturalism divides us with invisible walls, whereas a diverse community can unite us. Multiculturalism is, of necessity and by definition, a separation of people from those not like themselves. 

In August, CEO Ibrahim and four other Sunrise officers vanished, with an estimated $80-100 million in tow. Most investors, upon learning that the man who held their life savings had just skipped town, would have picked up the phone and called the FBI, the police, the Illinois Attorney General, or a newspaper. Virtually nobody among the Muslim investors did that. Rather, most of their complaining was limited to calling Dil Se (an Urdu language radio talk show on AM 1240 from 11 p.m. to Midnight on Sunday), or standing on a corner on Devon Avenue gossiping about it, or seeking information in one of the restaurants along that corridor. 

The insulation of Chicago's Muslim community contributed to the overly eager, ignorant willingness to dump money onto the lap of "one of their own." That same insulation now hinders official investigations of the scandal. This insulation is directly due to a lack of assimilation by a tight community into the bigger community around it. To live on an island is to isolate oneself. Muslim investors were not the only ones suckered by Ibrahim's act of piety and trustworthiness, however. Various non-Muslim banks around Chicago, and the nation, are experimenting with sharia-compliant operations. 

Universities, too, are being suckered in. That's no surprise, really: Universities are great advocates of the cultural isolationism that is inescapably part of being multicultural. DePaul University in Chicago for example, as written about in the Chicago Tribune earlier this year, as noted by Dhimmi Watch: Amir Davoodi had read about the meteoric rise of Islamic banking, but the senior finance major at DePaul University didn't realize how intrigued he would become with the idea of mixing Islam and market finance until he took a course on the subject last fall. Now Davoodi has accepted an internship with a local Islamic real estate company, Sunrise Equities, and might pursue the banking niche after graduation. More at Dhimmi Watch... 

Those involved at high levels with the Pure and Pure 2.0 construction projects were taken in, too, charmed by their desire to make a quick profit, but also by a desire to associate with something exotic: The bearded Ibrahim, the sharia-financial expert, the Man from Beyond. 

Fortunately, bloggers Bill Morton and Grammar Girl broke the story into the world beyond the Devon corridor. It is now an international story, as noted on the "Rogers Park in 1,000 Words" web site. Today there is an item at RP1000 titled "SALMAN IBRAHIM: YOU CANNOT HIDE!" that lists news organizations around the world that are carrying the story. 

RELATED: 

• Why the dogma of multiculturalism has failed Britain - Mail Online 
• Tammy Bruce: Another Sign Multiculturalism Is Working 
• Can Britain Survive Mulitculturalism? 
• The Worldwide Failure of Pluralism 
• New Socialist: Multiculturalism Policy and Practice: Divide and Conquer

DEMS AND FANNIE MAE: ALL IN THE FAMILY

MORE PROOF that the Democrat leadership in Washington has been complicit in allowing the current US financial mess to fester and grow. The video below is titled, "Explosive Video, Fannie Mae CEO calling Obama and the Dems the 'Family' and 'Conscience' of Fannie Mae." It is explosive, indeed, and may bring tears to your eyes. Watch it and weep. The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans and the biggest offenders: Fannie Mae and Freddie Mac. The Democrats have been taking PAYOFFS from Fannie and Freddie to look the other way FOR DECADES! NOW VIDEO FOUND of the CEO of Fannie Mae in 2005 explaining the "FAMILY" connection with Democrats...

Up Against the Wall, Democrats

At this moment, most Americans are still unaware of the fact that the current financial crisis was brought to us by... yep, Democrats and leaders of the Democrat Party. Dodd. Frank. Waters. Obama. Others. BILL CLINTON AGREES that the Democrats dropped the ball, over and over again and again and again. PREDICTION: Sooner or later, most Americans will come to understand what the Democrat Party has done to this nation. When that day comes, the Democrat criminals will pray to the God that they so love to mock for mercy. "Up against the wall" may be the last thing some of them ever hear.

HOUSE REJECTS BAIL OUT

We're all gonna die now. Still no official announcement on the House floor. Lots of yelling for “order.” Michelle Malkin. ALSO: Fannie, Freddie get federal grand jury subpoenas

Videos: Economic Crisis Courtesy of Democrats

Two videos here... Video 1: "Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis," then Video 2, "Obama Ranks Second In Freddie/Fannie Contributions."

From Naked Emperor News, a video record of "Democrats in their own words covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis. At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat."

Video 2: "Obama Ranks Second In Freddie/Fannie Contributions"

Big Media Stumbled on Sunrise Equities Story

UPDATE, OCT. 17, 2008: Also see Obama Connected to Sunrise Equities, Part One

As is so often so typical, Chicago's dinosaur Big Media completely missed a major story - right under their noses. It's the story of a Muslim shariah financial investment company that has scamming as many as 300 investors for as much as $100 million. 

Salman Ibrihim, the CEO, and four other Sunrise officers vanished in late August, perhaps to Dubai or Pakistan. The entire Indian-Pakistani community, so prominent along the W. Devon corridor, has been abuzz about this scandal since late August, if not earlier. 

This would make one hell of a screenplay. The failure of Sunrise Equities, and the mysterious disappearance of five of its top officers, is the kind of story that should have made the front page of both the Chicago Tribune and the Chicago Sun-Times. It should have gotten big play on all of the local television and radio news shows. In this age of New Media, however, a local blogger proved - again - that the little guys can often out do the big ones. 

Bill Morton has a blog on Chicago's north side called "Rogers Park in 1,000 Words." Morton's contributor "Grammar Girl" broke this story on September 14, 2008. That is, RP1000 was the first medium outside of the Devon corridor to pay attention to it. (See all "Sunrise Equities" related stories at RP1000...) 

It should be noted that on Sept. 11 the story was reported by the Muslim Media Network. Needless to say, MMN has few audience members outside of its target demographic. (See "Sun Sets on Sunrise Equities : Muslim Media Network.") 

This blog, The Bench, picked up on the story on Sept. 15 after seeing the RP1000 posts. We ran "Chicago's Hidden Financial Scandal" and quickly scored more hits that day - and still today - than on any other story. RP1000 told The Bench that they, too, are scoring huge numbers. Both RP1000 and The Bench have seen big hits coming from Dubai, India and Pakistan especially. 

What is interesting about most of these hits - or clicks, if you will - is that they are coming from people who are specifically searching for "sunrise equities" or "salman ibrihim." 

By the afternoon of Sept. 14, the News-Star newspaper (a weekly publication, part of the Chicago Journal family), had also noticed both the RP1000 and The Bench posts and was diligently digging into the story. 

The News-Star's first story about the Sunrise Equities catastrophe, "Where is Salman Ibrahim?" was in their Sept. 17 issue. News-Star reporter Lorraine Swanson, who is also the Editor of the paper, made good use of already-established contacts in the Indian-Pakistani community, and followed up with another article, "Indo-Pak investors fear the worst," on Sept. 24. 

Along stumbled the Chicago Tribune, finally, on Sept. 19 with the story "Muslim investors claim fraud." However, the Trib used an Associated Press feed, and it was nowhere near as well researched as the News-Star's article on Sept. 17, two days earlier. To the Tribune's credit, though, they at least showed interest in the story. They were at least aware of it, unlike the other Big Media locally. 

The Chicago Sun-Times got into the story on Sept. 20, but with a very brief, scratch-the-surface blurb. At least their story, however, was written by one of their own staffers. 

Four days later, on Sept. 24, the Trib published "Dozens of Muslims lose life savings to real estate developer," this time by one of their own and not cribbed from AP. Although more in depth than their Sept. 19 story, it misses many of the points that News-Star got days earlier. The headline, which indicates that "dozens" of people may lose their savings, is weird: There are close to 300 investors who are in jeopardy. "Dozens" seems an odd choice of words. 

Today, Sept. 26, the Trib ran another AP story (are they that short-staffed over there?). "Chicago's South Asians shocked by investment scam" is yet another weird headline. Sure, people were shocked by the scam - when it was fresh. Now, they're all just pissed off, as the shock wore off about a week ago. 

Nowhere in any of the Big Media reports is Bill Morton's RP1000 blog mentioned. RP1000 will probably stay ahead of the curve on at least some of the aspects of the story, as will News-Star. Both are closer to the story than the Big Media, doing better on-the-ground footwork and making use of deeper contacts in the Indian-Pakistani community.

LOOKING FOR SALMAN IBRAHIM

He's the missing CEO of Sunrise Equities in Chicago. He and several other officers are missing. Is he in Dubai? Brazil? Or back in his native Pakistan? Lorraine Swanson has more details.... The disappearance of the CEO and president of a Shariah-compliant investment firm has left many in West Ridge's Indo-Pak community wary and in turmoil. FULL STORY at NEWS-STAR... UPDATE, OCT. 17, 2008: ALSO SEE OBAMA CONNECTED TO SUNRISE EQUITIES, PART ONE RELATED: Uptown's Leland Terrace - OOPS! Sunrise Equities Red Flags The Failure of Sunrise Equities Chicago's Hidden Financial Scandal

More on Demcrats' Subprime Loan Involvement

Debacles and the Democrats who caused them (or simply made them worse). Great links to more stuff about this from Chicago Bungalow: There's a great, in depth post at Maggie's Notebook on the subprime loan debacle. Maggie really dug into this one, and some of the names and connections may surprise you. Check it all out at Chicago Bungalow. Thanks, CB.

Uptown's Leland Terrace - OOPS!

UPDATED, OCT. 17, 2008: ALSO SEE OBAMA CONNECTED TO SUNRISE EQUITIES, PART ONE "Chicago-based Sunrise Equities and Development Co. will build the project through an entity called Leland Terrace LLC." [Source] WHOA! Sunrise Equities is belly-up, its CEO and other officers AWOL. Now what, Uptown? RELATED: Sunrise Equities Red Flags The Failure of Sunrise Equities Chicago's Hidden Financial Scandal

Sunrise Equities Red Flags

The failure of Sunrise Equities in Chicago has many in the local muslim community, and others to be sure, panicking. (See The Failure of Sunrise Equities and Chicago's Hidden Financial Scandal.) It seems that there was plenty of warning out there, however. The Bench has found a number of other disturbing items on the web, such as this letter from an irate customer, found at the Rip-off Report: Submitted: 6/17/2008 11:33:11 AM Modified: 6/17/2008 11:33:00 AM Mo baig chicago, Illinois My family and me invest with Sunrise equities for project. Sunrise told me we get profit to invest in the condo projects. But no payments for long time. I fight with the company for long time. company not care. After i tell them i have emergencey i finally get little money. I not sure if the condo projects are for real, but bad experience with company. Mo baig chicago, Illinois [SOURCE: http://www.ripoffreport.com/reports/0/341/RipOff0341094.htm] RELATED: Shariah Finance Watch » Islamic Equity Funds Cruel and Usual Punishment: The Terrifying Global Implications of Sharia Law

The Failure of Sunrise Equities

UPDATED, OCT. 17, 2008: ALSO SEE OBAMA CONNECTED TO SUNRISE EQUITIES, PART ONE DEVELOPING: There is a major financial scandal brewing in Chicago's muslim community, as reported by Bill Morton. Sunrise Equities was a developer of mixed use and residential real estate in the Chicagoland area. It has gone under. While this is not the biggest financial story of the day, it has left hundreds of investors devastated and is likely to affect Chicago families and investors more deeply than the Bank of America Corp.’s acquisition of Merrill Lynch or the pending Lehman Brothers bankruptcy. The CEO of Sunrise Equities, Salman Ibrahim, and other officers have gone missing. Investors are panicking. Morton reports that Ibrahim donated to Alderman Joe Moore (Democrat), and The Bench finds that he also donated to Barack Obama in 2006 and in 2004, and has more recently donated at least twice to Sen. Joe Biden in 2006. Ibrahim was also a chairman of NEXTEC Engineering, Ltd., which lists its head office addres as 61A, Block-B, Main Boulevard,Johar Town in Lahore, Pakistan. Today, the web site no longer has any reference to Salman Ibrahim. This scandal has citywide ripples: A March 10, 2006 press release from Sunrise Equities bragged about a transaction in Uptown: "Sunrise Equities is pleased to announce the purchase of 4 parcels near the corner of Leland and Marine Drive. A yet unnamed project is under development and will be the largest project under the SunRise umbrella. The mixed use development plan will call for up to 150 condos and townhomes as well as community retail." (Also see www.uptownchicagocommission.org/apr_1_07.html) More press releases can be seen on the Sunrise Equities web site, which also lists major projects that they were involved in. The Muslim Media Network (MMN) reported this on Sept. 11: "According to latest reports coming from Chicago the management of Sunrise Equities and the affiliated Sunrise Constructions have disappeared after closing their offices. Sunrise CEO Salman Ibrahim, Vice President Amjed Mahmood, and Vice President (Community Relations) Mohammad Akbar Zahid are untraceable." MMN also reports that "Sunrise Equities, a Chicago based financial services firm which claimed to be Shariah compliant, has gone under leaving many area Muslims robbed of their savings. Incorporated in 2001 the firm claimed that all its services were in compliant with Islamic laws and had the endorsement of a leading religious scholar." Following is a press release from the Shariah Board of America in an attempt to quiet down the rumor firestorm raging around this: Shariah Board of America's response to the Sunrise Equities financial crisis facing the Muslim Community Chicago, IL, September 6, 2008: It has been brought to the attention of the Board of Directors of Rahmat-e-Alam Foundation that there have been several false rumors and innuendos labeled against Shariah Board and its’ officers regarding the failure of Sunrise Equities. In particular, there are misleading emails and newspaper articles that falsely allege the involvement of the leadership of Shariah Board with Sunrise Equities. This press release is intended to set the facts straight: • If it is true that Sunrise Equities is financially insolvent and their officers are missing, then Shariah Board of America is deeply shocked and saddened by this turn of events. If the allegations leveled against Salman Ibrahim and other officers of Sunrise Equities are true, then Shariah Board expresses their deepest disappointment with these individuals. We strongly empathize with the investors of Sunrise Equities and pray for them. May Allah (swt) limit their losses, grant them Sabar and Naimal Badal. Shariah Board is making a sincere appeal to the officers of Sunrise Equities to come forward and answer questions from their investors. • It is true that Salman Ibrahim, like hundreds of other Muslims, has been a supporter of Shariah Board. He was also a member of the Board. But it is completely false that Shariah Board or its’ officers supported Sunrise Equities quid pro quo. Shariah Board categorically denies the false allegation that its’ officers received any compensation, living expenses or any other benefit for supporting Salman Ibrahim as a trustable and reliable businessman. In addition, in light of recent circumstances, the Directors of Shariah Board have unanimously agreed and removed Salman Ibrahim from the Board. Contact: Syed Mohammed Ali Farid 7045 N. Western Ave. Chicago, Illinois 60645 Phone 773 764 8274 Ext. 26 Fax 773 764 8497 smafarid@rahmatealam.org • Shariah Board, in consultation with worldwide Islamic Scholars, provides Islamic guidance to companies seeking to offer Shariah compliant products. This includes banks like Devon Bank, Broadway Bank, Mutual Bank, and companies like Guidance Financial, Ijara Finance, Lariba and Sunrise Equities. This consultation is limited to providing answers to Shariah compliance questions and reviewing documents. Shariah Board or its’ officers do not participate in the Management or Operations of any company. Shariah Board is not involved in any transactions between the companies and their clients. Like other companies, Sunrise Equities also sought answers on Shariah compliance and was provided with religious guidance. The actions of the officers of Sunrise Equities were undertaken at their sole discretion. Any attempt by individuals or organizations to link Shariah Board and its’ officers with Sunrise Equities is a case of serious defamation and will be dealt with the strongest legal response possible. Shariah Board is your community service organization. But there are individuals and organizations that are perpetuating false rumors and accusations to discredit the Shariah Board. They want to impede the services of the organization so that authentic Islamic work cannot continue in this community. It is the responsibility of every community member to dispel these false rumors. It is our sincere appeal that you recognize the truth and remain steadfast in support of Shariah Board and its’ leadership. May Allah (swt) bless us with wisdom and enable us to continue this authentic work of deen. RELATED: OBAMA CONNECTED TO SUNRISE EQUITIES, PART ONE N E X T E C ::: Engineering Next Generation - Salman Ibrahim is a Chairman of Nextec. He is also a President and Chief Executive Officer of Sunrise Equities Inc, Chicago. NOTE: Salman Ibrahim's name is no longer on NEXTEC's web site. FREE IN THE USA IBF CPI Financial Sunrise Equities of Chicago was established in 2001 and is a ... projects under the supervision of its president and chief executive, Salman Ibrahim. Islamic Finance World - North America 2008 - programme Salman Ibrahim, CEO, Sunrise Equities and Development....Shariah compliant real estate opportunities in Canada... Islamic Banking and Finance in the United States ... U$D80000 and the Board rely on the generous contributions of the public. ... Brother Salman Ibrahim, a real estate agent has a great passion for Islamic ...

Chicago's Hidden Financial Scandal

UPDATED, OCT. 17, 2008: ALSO SEE OBAMA CONNECTED TO SUNRISE EQUITIES, PART ONE On this day of financial crises and meltdowns, here is an excellent and very relevant report from Bill Morton about what seems to be a major financial scandal in Chicago's Indian-Pakistani community. It holds every promise of growing into a big story: The tease: SUNRISE EQUITY INVESTMENT COMPANY'S OFFICE IS CLOSED, STAFF IS GONE, AND CHIEF EXECUTIVE "SALMAN IBRAHIM" IS NOT PICKING UP PHONE AND NOT SEEING ANYBODY. The sleaze: The missing CEO of Sunrise Equities, Inc. also contributed to your fave and mine, Joe "the Alder-Joker" Moore! Meanwhile, the Pakistani and Indian community is frustrated, angry, and wanting to know the whereabouts of Salman Ibrahim. They want to receive some return for the vast amounts of money they invested with him. Some are destitute, bereft because they trusted this snake with every dime they had. Kudos to Bill Morton for reporting this to us. Read much more about it at Rogers Park in 1000 Words... RELATED: UPDATED, OCT. 17, 2008: OBAMA CONNECTED TO SUNRISE EQUITIES, PART ONE The Failure of Sunrise Equities

Wall Street's Dark Day

Stocks tanked today, with the Dow industrials shedding 395 points, after oil prices spiked and the May jobs report showed a big jump in the unemployment rate, CNNMoney.com reports. The Dow lost 395 points, or 3.1 percent, its biggest one-day decline since February 2007. FULL REPORT...