-----Original Message-----
From:
Alex Constantine <[EMAIL PROTECTED]>
To:
John Judge <[EMAIL PROTECTED]>
Date:
Saturday, November 10, 2001 2:36 AM
Subject: Iran-Contra's Adnan
Khashoggi Linked to Bin Laden
http://www.thespectrum.com/rest.php?section=headlines&storyid=2660
S.
Utah company may have indirect ties to terrorists
09/28/2001
The
Spectrum
Investigation links primary stockholder in parent company to bin
Laden;
Nasdaq halts trading for GenesisIntermedia.com
By PATRICE ST.
GERMAIN
[EMAIL PROTECTED]
ST.
GEORGE ‹ A St. George business¹s parent company has had its stock
sales
halted by NASDAQ, but company officials say they have no comment on how
or
if the halted trading will affect the local company that employs 180
people.
The company, GenesisIntermedia.com Inc., as it is licensed
through state and
local business licenses, is listed as Genesis Media Group
in the telephone
book. The parent company, GenesisIntermedia, based in Van
Nuys Calif., has
two primary stockholders ‹ Ramy El-Batrawi and Saudi
financier Adnan
Khashoggi, a financial middleman in the Iran-Contra scandal
of the 1980s.
Not only was Khashoggi connected with the Iran-Contra
scandal, he forfeited
almost $7 million in insider-trading profits to
GenesisIntermedia at the
beginning of September and more recently has been
linked to known terrorist
Osama bin Laden by InsideTruth.com, a company
wholly owned by Pacific Equity
Investigations, an equity valuation research
center.
Anthony Elgindy, investigative director of research at Pacific
Equity and
editor in chief for Insidetruth.com, said many ties between
Khashoggi and
bin Laden have been pinpointed but said details were disclosed
only to the
FBI and the Federal Communications Commission to protect the
integrity of
any investigations.
³We are 1,000 percent sure we can
directly or indirectly connect Khashoggi
to bin Laden or the Taliban,²
Elgindy said. ³We think we can prove that.²
A trading halt was placed on
GenesisIntermedia Inc. on Tuesday at 4:55 p.m.
EST. On the NASDAQ Web site,
two reasons were next to the GENI stock as to
why trading was halted. One is
the pending release of material news and the
other is the pending receipt of
additional information requested by NASDAQ.
Although the St. George
company is directly linked to the Van Nuys company,
human resource director
Shirise Falco said the company had no comment
regarding the company. Repeated
calls to the Van Nuys company were not
returned.
With 180 employees,
Genesis Intermedia.com Inc., or Genesis Media Group, is
one of the larger
employers in the St. George area. Recently, the company
joined the St. George
Chamber of Commerce.
According to the business license issued by the city
of St. George, the
company operates from 8 a.m. to 10 p.m., Monday through
Saturday. On the
license, it lists the type of business to be conducted is
sales, and the
date of commencing business in St. George is March 1999. But
an application
for a business license was not issued until June 15 of this
year.
Under the section listing officers, general partners or members if
the
company is operated as a partnership is one name ‹ Doug Jacobson, who
is
listed as the CFO. The business type is listed as
a
Corporation-Foreign-Profit out of Van Nuys, Calif. Kory Thurston is
listed
on the state registration, issued Nov. 5, 1999, by the Utah Department
of
Commerce. Thurston is also the applicant on the St. George business
license.
A search of the principals in the business turned up not only
Jacobson¹s
name but Batrawi¹s, along with another principal. All three have
addresses
in California. Batrawi and Jacobson¹s names are both under the same
address
in North Hollywood, Calif. The company is listed as being in ³good
standing²
by the Utah Department of Commerce.
According to the Utah
Division of Consumer Protection, the company has no
legal action being taken
against it.
The Better Business Bureau has Genesis Media Group listed as
Business
Opp-Work-At-Home Offers. The bureau has sent two requests for
basic
information to the company, but has not received any replies. The
bureau
states that without this information, the bureau may not have
current
information concerning such things as the company¹s management or the
nature
of business. Genesis Media has responded to the complaints brought to
its
attention by the bureau, but one complaint remains
unresolved.
Genesisintermedia.com, Inc. in California lists the nature of
business as a
marketing technology company that combines innovative marketing
strategies
with new interactive technologies.
The bureau¹s experience
with GenesisIntermedia in California states that
complaints allege a pattern
of delivery and refund disputes which do not
appear unusual in number or in
nature for this industry. Genesis responds to
complaints by shipping
merchandise, sending advisories on back-ordered items
or by issuing refunds
or credits. The complainant disputes some complaint
responses. Although the
company says refunds or credits had been issued,
consumers deny receiving it.
On July 31, 2001, Genesisintermedia said The
Mentoring Institute will no
longer by offered by Genesesintermedia.
Mentoring Institute Inc., a company
providing educational training program
in future stocks and stock trading
operated under several trade names and
addresses, including the same Van Nuys
address as Genesisintermedia.
Under the listing of additional trade names
by both companies is Trade Your
Way to Riches. The two companies also share a
common telephone number
There are several companies tied to
Genesesintermedia.com, Inc. including
the Mentoring Institute, Inc.
Additional ties to GenesisIntermeida, Inc.,
include financier Carl Icahn, a
major shareholder for the Stratosphere
Casino in Las
Vegas.
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