on edit, I'm an idiot, and still kind of confused by this angle of the story...first I thought
http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20030611_anderson-et-al.pdf">this document suggested Alishtari actually had these ties close to the UAE royalty, and then I saw
http://www.rumormillnews.com/cgi-bin/archive.cgi?read=72488">this, which suggested he had been cleared of these charges, and was a scam victim, and now, looking more closely at
http://www.cbsnews.com/blogs/2007/02/16/primarysource/entry2489537.shtml">this CBS story, it looks like Alishtari was indeed scamming people back in the 90's, and that a similar scam is being investigated by Ontario authorities. So this is some of the interesting info in the more recent
http://www.osc.gov.on.ca/Enforcement/Proceedings/SOA/soa_20030611_anderson-et-al.pdf">Ontario Securities Commission case:
Staff of the Ontario Securities Commission make the following allegations:
1. Brian Anderson is a person resident in White Rock, British Columbia who attends
in the Province of Ontario for the purpose of making presentations to Ontario
residents;
...
5. On the evening of June 4, 2003, the individual Respondents conducted a
presentation (the Presentation) in respect the Flat Electronic Data Interchange
(“F.E.D.I.”) at the Wyndham Bristol Place Hotel, Etobicoke;
6. At the Presentation, the documents attached to this Statement of Allegations were
made available to persons attending the seminar:
i) “What is F.E.D.I. and How Do They Make Their Income?” (Schedule A)
ii) “F.E.D.I. Flow Chart” (Schedule B)
iii) “Bank Wire Coordinates” (Schedule C)
iv) “Bank Wire Transfer Procedure” (Schedule D)
v) “Joint Venture Agreement” (Schedule E)
vi) “Email from Gordon Rothwell dated May 15, 2003” (Schedule F)
vii) “Email from bjanderson dated April 17, 2003” (Schedule G)
viii) “Email from Brian D. Anderson dated May 13, 2003” (Schedule H)
7. Persons who attended the Presentation were:
i) told that F.E.D.I. is a scriptural based public trust;
ii) invited to participate in F.E.D.I., which was described as the Flat
Electronic Data Interchange. It was purported that F.E.D.I. will
become the world’s fifth Electronic Data Interchange and that it
would be the first such exchange to be
iii) told that F.E.D.I. will be servicing the Arab world and that it has
been funded by contributions made by major Arab families in the
amount of $500,000,000 (US), backed by gold; backed by gold;
iv) invited to participate in F.E.D.I. by making an investment of
$125,000 (US), which investment would provide the investor with
a seat or desk (the “Desk”) on F.E.D.I.;
v) told that F.E.D.I. would be operational in July, 2003;
vi) told that their investments would be fully insured by AON Reed
Stenhouse of Canada;
vii) told that the opportunity to purchase a “Desk” was limited, that
only 20 “Desks” remained and that their investment must be made
by the weekend of June 7, 2003;
viii) told that their principal investment would be returned in October,
2003 and that they would receive income from their investment at
the rate of 30% per month, for a ten year period;
...
What is F.E.D.I. and How Do they Make their Income?(Summary)
F.E.D.I. is an acronym for Flat Electronic Data Interchange and-has a physical presence
in the United Arab Emirates. It is also referred to as EBT (Etisalat Bunya Tahtia) or
communication platfonn.
It will become the worlds Sth Electronic Data Interchange (EDI) that is non usury and the
fIrst to be backed by Gold. It is located in buildings one and two in the United Arab
Emirates Fujairah Free Zone.
The other Exchanges in existence today are in London, New Yor~ Singapore and Hong
Kong. It is important to understand that the other exchanges are totally owned and
controlled by the Credit System or Banking System of the 0-8 countries. The Ct-8
countries are the United" States, Canada, Japan, Italy, United Kingdom, France, CJermany
and Russia.
Shaikh Abdul Abin Ali Alishtari resides in New York has been appointed by the Supreme Ijima Council in the United Arab Emirates as CEO and Custodian of this project.
The Supreme Council represents 10 Royal families that have set aside 5 Billion dollars
per family which totals 50 Billion in Gold, which is held in escrow for projects around the world to create labor .
Mr .Alishtari responsibility as a Bank Underwriter was to build the Electronic Data
Interchange (EDI) So F .E.D.I. is the parent organization that is producing the Sth
International Electronic Exchange that is serviced by Gold rather than usury or C;redit
A Sub-Lessee is a member of the Gulf Cooperative Conglomerate who has put up 500
Million dollars in liquid gold assets to participate in this program. A total of 100 Billion
in Gold has been put up by the GCC.
...
This is certainly a strange story unfolding...
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