Professional Documents
Culture Documents
Diary of A Fraud
Diary of A Fraud
As a member of this illustrious community I always felt impressed and thankful fort his load
of professionalism and knowledge and the good company I have gotten into, - a save harbour
where one could breeze freely and inhale the air of safety and wellness in a vocational sort of
way.
The exchange of information and the possibility to get in contact with like minded colleagues
at this international forum and the easy way to find associates if not partners and even friends
lured me into thinking that I might be in a dream world of co-operation and understanding,
between people who all have the same goal – to make their business communicative and
human. Until that day I learned – there are sharks even in this lovely pool!
Being invited into the group of ERBIL STOCK EXCHANGE, I stumbled over the portrait of
Dr. Farouq Omar bin Abdul Aziz, a gentleman I could read, with an outstanding career and of
brilliant mind, who presented himself as a visionary investor.
Who in our branch of this new CleanTech Industry doesn’t need just this – a visionary
investor!? He and his FAROUQ FUNDING FOUNDATION mend to do well for the
development and the creation of a newer and better world. Fine!
So I visited the Website of Dr. Abdul Aziz – and was stunned…..
Our Mission
- To provide professional services to the best satisfaction of our clients.
- To render qualitative service that are relevant to the growth of the world economy and operating with respect for all
the governing laws, rules and regulations at all times.
- To minimize the impact on the environment in which we operate.
- To work in harmony with the Entrepreneur in order to promote a healthy business environment for the mutually
beneficial relationship to foster long term co-operation, understanding and returns on investment.
Our Vision
- To be the leader in all kind of investment and advisory support services.
- To render quality service to our local and international clients.
- To undertake activities that conforms to international standards and requirements of the business world.
Well wasn’t that just tailored for our group’s goals and needs!? So I did what I had to do, - I
contacted this visionary investor and felt from the start that this was the beginning of a good
relationship,
“Why was this bloke so blue eyed and optimistic” – you may ask yourself now. Well, very
simple, - the Visionary had already a strong relationship to a German Swedish energy provider,
so I could read on the website :
Power Grid - Following detailed analysis of several options for the future of the transmission system, Vattenfall has
reached the conclusion that a sale to a serious and financially strong investor can be a sensible solution. A process for
sale was therefore initiated in summer 2008. Vattenfall is aware of the importance the transmission system has for
society. Accordingly, each potential buyer is required to meet stringent criteria: They must have a long-term focus,
ensure substantial investments in network extensions, grant continued free access to the grid to all energy producers,
and they should promote the flow of electricity across European borders. Vattenfall has itself a keen interest in the
fulfilment of these criteria as Vattenfall would remain one of the major customers of the transmission system after
conclusion of the sale. Vattenfall received our attractive offer hence has welcomed our investment into the grid.
who is just our partner as well in an algae breeding and carbon capture and storage
process. What could go wrong – I asked myself and waited eagerly.
Andreas Abraham,
Assalamualaikum.
Before we proceed, let me tell you about myself as it will give us a good picture of the kind of
person we are dealing with. i was born, 52 years ago in United Arab Emirate but I have come
to live in Jeddah. I believe home is where one is happy.
I hold a B.S. in Geology from King Fahad University of Petroleum and Minerals (1976) a
Masters Degree from Imam Muhammad bin Saud Islamic University and a Ph.D in
Information Communication Technology from King Saud University.
I joined Saudi Aramco in 1976 and held several operational executive positions. In 1985 I was
appointed head, Industrial Services and in 1987 I was appointed Executive Director of Project
Management. In 1990 until 1993 I was assigned head of Ras Tanura Refinery where I was in
charge of RT Refinery, RT Terminal, Juaymah Gas Plant and Power Distribution Department
until I left to start my organization. My organization is a private investment foundation
headquartered in Jeddah which makes equity investments in fast growing businesses at all
stages of their development and across all sectors. We started operations in 1999 and have
been an active investor, sometimes investing to the tune of $400 million per transaction. I
have invested in over 15 countries.
I served as a Board Member for S-Oil, South Korea from 1999 to 2003. I was also a Board
Member of the Saudi Engineering Committee. I was a Board Member of the Saudi Arabian
Standards Organization (SASO). I am a member of the Society of Organization Learning
(SOL) and served
previously as Trustee for the Project Management Institute (PMI). I was appointed to the
Board of Petro-Rabigh from 2000- 2005.
I like traveling. I've been to most of European Countries and Canada. I have never been to the
US but will visit soon enough hopefully also I've been to all of East African countries for
business (Tanzania, Kenya, Ethiopia, Zanzibar and Sudan) but unfortunately never reached
southern part of Africa yet and of course, I have been to Neighbouring Countries in the
Middle East (UAE, Qatar, Kuwait), Bahrain, Yemen, Egypt, Tunisia, Syria, Jordan, Iran,
India, Malaysia, Singapore and Thailand. Also I've been to Australia 3 times when i visited
my sister there. She is teaching Political Science in Flinders University, Adelaide, SA.
I enjoy many things but hardly have the time. I love swimming, walking (which I do, every
chance I get), listening to music mostly Jazz and Latin, reading, meeting people,
experimenting on cooking different things although I am not a very good eater. I am a risk
taker. I believe that a certain amount of risk is necessary sometimes. I know it is not so for
some people. There are some people who will not leave their home without an umbrella even
if the sun is shining. I learn and correct my mistakes as I go along. I am married with 5
Children, Three Boys and Two girls and only from number three (the third till the youngest )
live with us but the two of my older sons are studying Engineering in Germany. The name of
my wife is Hafsat.
Regards,
Dr. Farouq Omar bin Abdul Aziz
Now tell me, who’s heart would not open up receiving such a warm and friendly letter. I
even felt as a part of the family after that – and he could even cook! He, this gift to the
world, wrote such an outstanding letter to me – the nobody!
So, humbly and with greatest respect, I did lay out my proposal for him – to invest in
one of the biggest algae photo bio reactor project in Europe, - and a good bargain too.
Only 80 to 100 million Euro (Exxon gave Synthetic Genomics 600 million US$ for a –
well, poor copy of what we are building. And it’s not even a full production line but a
“test facility”!
http://gigaom.com/cleantech/photos-exxon-synthetic-genomics-open-algae-test-facility/
So shouldn’t we have the right to claim lousy 100 million for a fully working and
profitable production line?
And I was right! The visionary family man and cook, a philanthropist and jet-setter
answered me.
Dear Andreas Abraham,
Assalamualaikum.
I am really interested to invest in the ALGAE NOVA and wish to provide the needed
funding as a soft loan.Let me know the details of the project and total amount involved.
Regards,
KSA.
Right, now the business plan over to him, some professional explanations and some
visions from myself and than I will wait some days, maybe a week, maybe more, for him
and his advisers, technicians and legal advisers to come up with questions, maybe
arrange for me to come over for a presentation, ask for some more material, LOI`s from
our buyers for algae biomasses, - in short, all what you would expect in such a case.
BUT NO!
Assalamualaikum.
This is to confirm receipt of your email. I shall provide the needed fund as a soft loan at 5% ROI.
You can also download the loan agreement from our site for your review
(www.fff-sa.com)
Regards,
Dr. Farouq Omar bin Abdul Aziz
Well was I in dreamland! Only 5%! Full risk. I told this man we are making at least 20-
26% revenue from our algae production and he wants no partnership no control, no
Shari’ah-compliant investment form, no musharaka, no sukuk arrangement! Isn’t this
guy a Moslem!
So I asked a very good friend of mine in Dubai, -What do you think about this? – He,
himself a local and reputable businessman in his friendly and calm matter said, - No, it’s
not right, no working! - We don’t do it this way! –
But could all this be wrong? I am a risk taker. I believe that a certain amount of risk is
necessary sometimes. That’s what the visionary wrote me in his hart-warming letter. So
where’s the risk, let us get started. First there is this application for a surety bond. Let’s
see that:
BONDING GIANTS IN THE MIDDLE EAST.
DUBAI BRANCH
Al Ain Building
Al Khaleej Street
P.O.Box 3541
Opp. Hyatt Regency, Deira, Dubai.
Our Ref/KV/98766.
This is to notify the management of Farooq Funding Foundation with Head office in Dana, Compound
Khurais Road P.O.Box6132 Riyadh 11442
That Mr. Kelvin Anene is the mandated and endorsed agent to procure surety bonding facility for your
partners.
So be advised that all correspondence regarding the procurement of the surety bonding would be
addressed to Mr. Kelvin Anene.
We officially inform you on this, through the underwriter which is the standard process to procure a
surety and the premium is at 0.05%.
Therefore all communications must the procurement of the bonding.
All partners of Farooq Funding Foundation is advised to work with the Chief finance officer of the
foundation in other to get bonding processed and endorsed.
Sincerely,
Shorlokman Bin Baba
Regulatory Officer
_________________________________________________________________________________
http://www.alahlia.com.sa/career.asp
A little tip! If you want to know if a website is origin or just a fake – use Site log
http://www.sitelogr.com/error.php?q=alahlia.com.sa
And their chairman Al Ahlia seems to be a nice person too, and sooo many chairs he
has, wonder if he uses another one every day. Must be a monday. But where is his staff?
Well I guess they are not sharing the same chairs………….
And my guess was, - they are belonging to the Al Ahlia group as well. Aziz from a good,
probably from THE family, Chairman Al Ahlia from a powerful trust :
Al Ahlia Group was established in 1979, in Abu Dhabi by the most influential UAE Nationals
with a vision to bring Technology and Professionalism in business ...
I began to love this. My little world seemed to get filled up with visionaries. And they all
will do me good. What was it this -
That is just fair. After all we want 100 million and the Visionary takes all the risk and
poor old chairman Al Ahlia might even look sadder when I take the money to Bermudas
and have a nice 10 years chill out party with his money. So I tell this nice Chief Financial
Officer Mr. Anthono Maka, - I really liked this guy - after all he studied in Germany :
wonder what he did there all the time. Never heard that you could get a PhD degree in
Germany without speaking the language properly, and all this guy could say was “Ouf-
wiedderrseeen” – which actually means Goodbye – and not good buy. But we have good
beer and wine in Germany, which might explain something.
“So how we gonna do this now PhD Maka?” I told him. I fly over to Dubai, take some
money with me and hand it over. “No it has to be paid beforehand!” - says he. I say “
Fine, I come two, three days earlier. “Got to see my good old friend down there
anyway”. - No good that either. All has to be prepared before we come down to sign the
loan agreement. Fine, - so to whom and in which bank account? - To the agents! - Okay,
so send me the details:
FIDUCIARY BONDING AGENT.
Attention.
Annette black
Chairman
Aqua Gardens Pte Ltd
55,Market Street,#08-01
Singapore 048941.
Description Of Transaction.
Ref/Aqua/SB/5622
Transfer Purpose-payment for surety application.
Amount-$12,800
For the procurement of surety bond in Al AHLIA .
Account Number-1012552273601
Bank Name-Emirates NBD
Address-Union Square Branch Dubai
Swift Code-EBILAEAD.
Receiver-Kelvin Anene
Status-Endorsed Bonding Agent for Al AHLIA.
Region-Middle East Jurisdiction.
Yours faithfully
Kelvin Anene
On the 13. of September I was not alone anymore with my strong suspicion :
Mohammed Abbas
Due to scam suspect, the member Dr. Farouq Omar AbdulAziz, who cliams that he is a Saudi visionary
investor will be blocked and removed from our group.
You can refer to the discussion in the International Global Business group on linkedin:
http://www.linkedin.com/groupItem?view=&srchtype=discussedNews&gid=2812288&item=29287976&ty
pe=member&trk=EML_anet_qa_cmnt-dnhOon0JumNFomgJt7dBpSBA
If you have been contacted by this person and has other views and facts on this person, please report it
otherwise he will be permanently blocked
vor 3 Tagen
and the great visionary disappeared from the face on Linked in, - became a vision
himself…...
In all of my disappointment and frustration not to able to pick up the 100 million Dollar
funding and no Dr. Abdul Aziz around anymore I only could think of revenge. Didn’t I
still have my PhD Anthono Maka, (CHIEF FINANCIAL OFFICER CFO) phoning in
every day asking for the application fee to be paid. Time was getting rare, and Dr.
Farouq, a very busy man was getting a little impatient and wanted to get rid of the funds
promised to us.
Salaam.
Andreas Abraham.
I have been advised by my Chief Finance Officer ,Mr Anthono Maka.That all is good and i can count on
him always,i have been very busy with tight schedules since the end of Ramadan.So proceed with my CFO
and we would be meeting in Dubai as advised. Insha Allah all is well.
In the mean time I got busy contacting first the bank EMIRATES NBD which turned
out to be rather disappointing. First off all I phoned in to report fraudulent action in one
of their accounts. The lady who answered the phone kept me hanging on for nearly 10
minutes before she could find someone in the bank who showed some interest, in the
meantime I could hear over and over again how fantastic it would be to have a credit
card from their bank. Twice I have told her that I was phoning up from Germany and if
she could please just give me the e-mail number of the appropriate department, - no
chance, - I had to listen to this glad fool offering me a credit card over and over again.
Than finally this gentleman took the line, Achmed, - nice guy and even a little bit
concerned. And he, after hearing the story in full length showed some mercy and gave
me the e-mail number of their fraud department fraudrisk@emiratesnbd.com and told
me to send as much information about this matter as possible. It probably would have
been cheaper for me to pay the 12 thousand than trying to phone this bank to warn
them about this criminal activity. In the mean time I corresponded with Linked in
members who seemed to be involved in this scam, wrote an e-mail to the Council of
Saudi Chambers ( on their web-site contact sheet, - I don’t know why I did this,
frustration perhaps. I should know by now that nobody ever answers such inputs, least
not in the Arabic world. It is only cosmetic I guess!). And on top of all this I had
Anthono on the SKYPE-line nagging me about the payment for the fee. But I wanted
him busy believing he could succeed and to get more information out of him.
Here now the whole action:
Salaam.
Andreas Abraham.
I have been advised by my Chief Finance Officer ,Mr Anthono Maka.That all is good and i can count on him always,i have
been very busy with tight schedules since the end of Ramadan.So proceed with my CFO and we would be meeting in Dubai
as advised.Insha Allah all is well.
After this first contact we did send our Business plan to the Foundation http://fff-sa.com/
and shortly after received the loan agreement and the application form for a surety bond
which should be affected by the Al Ahlia Insurance company. The fee for the opening of a
surety bond was $ 12,800.00 to be paid in advance. Here we got suspicious off course, the
investment sum negotiated was 8o to 100 million for a algae breeding project in Germany in
connection with a CO2 sequestration project with the power plant of Vattenfall. Since the
references given on the Foundations site named an engagement with Vattenfall already (see
>> Some past Investments - Power Grid >> on http://fff-sa.com/ ) we first have been quite
optimistically. But these fee claim changed that, since I did suggest to pay the fee in Dubai
direct over the table with the contract closing, - which was denied off course and it was
claimed that this was not possible because they would have we would have to open the surety
bond before signing a contract.
By today other member of the Linkedin group ERBIL STOCK EXCHANGE gave also first
notice about fraudulent actions. Here is our correspondence:
___________________________________________________________________________
Since about a week we, the ALGAE NOVA, are in touch with a gentleman calling himself Dr.
Farouq Omar bin Abdul Aziz, profile on Linkedin :
http://ae.linkedin.com/pub/dr-omar-farouq-bin-abdul-aziz/21/9a8/a97
This gentleman claims to run the Farouq Funding Foundation. In the meantime he and
associates of him, a Mr. Anthono Make in Dubai are trying to persuade interested firms, like
ours, which they contact through the social network Linkedin, to pay a sum of $ 12,800.00 for
a "Surety bond application issued by the AL AHLIA INSURANCE Co. :
http://www.alahlia.com.sa/contactus.asp
I dont think that your organisation and your government has the intention to have the
reputation of the KSA ruined by such actions.
I have the notion that the Foundation is not existing and as well not this insurance company
and that someone is misusing the reputable name of Abdul Azis and Al Ahlia for criminal
intentions. If you need more information about names and backgrounds, please inform me.
Sincerely yours,
Andreas Abraham
ALGAE NOVA
http://de.linkedin.com/in/algaenova
we do SKYPE: nordictrader
___________________________________________________________________________
Please read:
Hallo Sherko,
we have had already the "honour" to deal with "Dr" Farouq Omar bin Abdul Aziz. Since the
first contact we where lead to Anthono Maka in Dubai acting as representative of the Dr. I
have already bin given payment instructions for a surety bond fee to a bank in Dubai. I might
get in touch with the authorities in Dubai today. Please get in touch and let me have your
information, - if you like.
Regards,
Andreas Abraham
Hallo again,
The Farouq Funding Foundation, if such organisation exists, is located in Riyadh with the
same adress as Ericsson:
FFF >> Office Address:
Dana Compound, Khurais Road,
P.O Box 6132 Riyadh 11442,
Kingdom of Saudi Arabia.
Ericsson >>
ERICSSON AB
Ericsson ID: TKS/BSA
Company address:
DANA COMPOUND,
KHURAIS ROAD,
P.O BOX 6121
RIYADH 11442
KINGDOM OF SAUDI ARABIA
Phone: +966 1 2279200
Fax: +966 1 230 1777/230 2777
If you have better and faster possibilities to check if the Foundation is really located in that
building I would be thankful!!!
Here one more name, receiver for payments/fees for Surety band applications - and probably a
"real name" since he steers the bank account:
Transfer Purpose-payment for surety application.
Amount-$12,800
For the procurement of surety bond in Al AHLIA .
Details for Wire.
Account Name-Kelvin Anene
Account Number-1012552273601
Bank Name-Emirates NBD
Address-Union Square Branch Dubai
Anene - is a typical Nigerian name.
Regards, Andreas
If you have some more information, please get in contact. I will take up contact to a dear
friend of mine in Dubai, he is a local and well established in a higher position, he will advise
me whom to contact to stop these gentleman once and forever!
Regards,
Andreas
If you had an offer for funding as well and have been asked to pay 12,800.oo dollars for the
application of a surety bond issued by the Al Ahlia Insurance company, please let me know
and probably warn others!
Thank you,
Andreas
I will attach to documents to this e-mail (a) Al Ahlia – Bonding Giants in the Middle East,
I do hope you can stop these actions and even so I do hope to have helped a little bit to safe
your reputation.
Sincerely yours,
Andreas Abraham
ALGAE NOVA
SKYPE: nordictrader
Up till today no answer, no reactions from the bank EMIRATES NBD And I still have
my trustful companion Anthono on Skype with whom I keep an never ending chat (I
chat for good reason as you can see) :
Guten Tag,
yesterday I reported fraudulent action that is directed through your bank by a group of impostors.
You received extensive information about the trial to scam firms for a so-called Application fee for
supposed funding by using false identities. Please inform me what actions you intend to take
against such dealings which also include your bank, since it is your bank accounts into which such
scammed funds are being lead.
A Mr. Anthono Maka, who claims to be the !Chief Finance Officer for this Farouq Funding
Foundation is just now on my Skype connection asking when our firm will pay these 12,800.00 $
fee into your account.
Please advise me whom I should contact to have this man stopped. I will try from my side to reach
the local authorities, - (police) right away and make my accusation.
Andreas Abraham
ALGAE NOVA
since I have reported a fraudulent action, which I tried to document as precisely as possible, I
did not receive any reaction whatsoever from your side. This is a rather unsatisfying situation
in my understanding, since I did hope that with your help as participants or at least as interest
representatives, you would show some sort of engagement in helping to stop such actions.
As a member of these groups I feel obliged to inform all others and perhaps make it possible
for the future to detect in a very early state such reprehensible activities.
“Diary of a Fraud” will be the title if this documentation, and this is to inform you that my
effort to get in contact with you and your failure to react will be reported herein in all details.
Sincerely Yours,
Andreas Abraham,
ALGAE NOVA
In the meantime I received some more proof about other actions from the Visionary
from other members:
I have also the Loan Agreement and Promisory note from them..if you want it..just ask..and i
can send by email.
Qoute
Sir,
I am contacting you according to the directives of Dr. Farouq Omar bin Abdul Aziz. Find
attached the loan agreement as requested.
After final review and acceptance of the documents please sign and return copies to me so the
Dr. Farouq Omar bin Abdul Aziz can also sign. At complete execution of the agreement, a
face to face meeting will be fixed to close in Dubai.
Sincerely,
Dr. Razak Hassan Esq.
Senior Partner
------------------------------------------
اإللكتروني البريد ھذا، أو فرد من لالستخدام حصرا والمخصصة سرية معه تنتقل ملفات وأية
معالجتھا ھم لمن كيان. الخطأ طريق عن الرسالة ھذه تلقيت قد كنت إذا، المرسل إبالغ الرجاء. ھذه
سرية معلومات على تحتوي الرسالة، اسمه للفرد فقط ويھدف. عدم يجب اسمه المرسل ال كنت إذا
اإللكتروني البريد ھذا نسخ أو توزيع أو نشر. طريق عن الفور على المرسل إخطار يرجى
ھذا وحذف الخطأ طريق عن اإللكتروني البريد ھذا استلمت قد كنت إذا اإللكتروني البريد
بك الخاص النظام من اإللكتروني البريد. الكشف أن إعالمك يتم للمتلقي ال كنت إذا، أو نسخ
باتا منعا ممنوع المعلومات ھذه محتويات على االعتماد في إجراء أي اتخاذ أو توزيع.
Middle East Centre for Legal Consultation & Advocacy, Al Dakeel Building 6th. Fl. Madina
Rd.Office No. 60, Jeddah, Saudi Arabia.
Unqoute
Hello Andreas,
You can feel free to use my name and our conversations, and as reference i will below put in
some of the last details we had from Mr.Maka, before we discovered they where fraud us..
If you need sample of the contract they send us, i can find it..
Best Regards
Nicklas
//////////////////////
Nicklas.
We are not public lenders ,we are private institutional funding firm.And we do not go public
attraction of the Thai Consulate in Dubai we would go public and it is against our ethics in
doing business.
As our partner you need to understand that our investment is strictly on confidential purpose
not going public, so is better i clarify you on this point.
So my principal would not want to go public to get things done because of 7.5million Us.
Structure on other basics but for public we would not want i have took my time to get that
done but is on our Non Disclosure for company policy.
Regards
Anthono
We will try to honor the security bond, and if possible for you to give me following
informations, to use for the Royal Thai Consulate in Dubai..
1. Your complete Dubai contact information & official registration documents,
2. Full adress for the Deira Al Qasim Building
We need to forward this to the Thai Goverment Consul-General .. Mr.Pasan Teparak, because
he will be our representative during the meeting and assist in all the legal process.
In the Middle East we can transact business in any part of the jurisdiction and we normally do
our funding from our UAE investment account.
In regards to the cost you are talking about,what is obtainable by Naveen is to procure the
required surety bond serving as the security of the loan funding,the application fee would be
paid by Naveen and when application is out the premium would be paid from the loan funding
which is 3% of the required amount of loan principal.
Our meeting would be held in our Dubai office in Deira Al Qasim Building.
The security of the 7million Us is the surety bond we are talking about ,surety bond is the
required and accepted surety that is why the application is to be made for the bonds to be
released for the security of the loan.
Regards
Anthono Maka
CFO
You are tired of all this by now? I am tired to and fed up. All I want is that someone
take these XXXX in and that we will be able again to have a trustful and open
relationship in this community without having to be suspicious and without having to
double check identities of people all the time. Business is hard enough as it is, but it can
be fun and challenging all the same if you have a giving and interesting surrounding
where meet others, exchange views and experiences, even find new partners or maybe
friends. And all this without having to look over you shoulder all the time and and this
unsure feeling another person at a computer distance away might only be there to fool
you, lie to you or to scam you for some money.
Just these people, who’s true identity we might never get to know, (here again my
incomprehension and disappointment about the EMIRATES NBD bank for not showing
any interest!) have disturbed a lot of this free and tolerant spirit such an international
community should have. Let us find a ways to avoid such occurrences.
Andreas
Mitglieder
Standort
United Arab Emirates
Branche
Investment Management
Dr. Omar Farouq bin Abdul Aziz On this joyous occasion of Eid Al Maabar.. Wishes all
my associates and friends health, happiness and prosperity
Aktuelle
Ausbildung
Kontakte
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Berufserfahrung
President/CEO
Ausbildung
B.Sc Petroleum
1970 – 1976
Empfehlen Sie die Arbeit von Dr. Omar Farouq bin Abdul Aziz bei King Fahd University of
Petroleum & Minerals
Weitere Informationen
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Persönliche Informationen
IM:
farouqomar (Skype)
Familienstand:
Married
Kontakteinstellungen
My investment company is always out for investment opportunities. Contact me for any offer.
farouqomar@gawab.com, ceo.omaraziz@fff-sa.com
• farouqomar@gawab.com