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US firm to set up billion dollar project
By Patrick Jaramogi
An American firm Executive Systems Group is to set up a billion-dollar project in the country.
Carl Mays, the chief executive of the firm, said this at Hotel Africana on Sunday.
�I have been here for the last two months and I have signed a number of joint venture agreements,� Mays said.
He said they would start with the film production industry in June.
Mays said he would do this with his business partner, John Amos.
Published on: Tuesday, 20th April, 2004 | |
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A project for one billion dollars? And absolutely nothing worth reading on the project is printed? What grade of journalism is this? Given the ampunt of money involved thre are only two possibilities:
1. Carl May is quite mad
2. this is a con
(remember: no free lunch and if it sounds to be too good to be true, it aint true!).
Other than a nut, who would invest one billion dollars (or even a million) in the film industry of a country with no known film school, and one with dubious film talent at best?
This whole thing sounds and smells like one of those Nigerian scams on the internet! See below:
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31 MAR 2004
From Reuters, sent in by a concerned Nigerian:
Harvard teacher bilks friends, falls for scam
BOSTON, Massachusetts (Reuters) -- Sometimes the scammer just turns out
to become, well, the scammee.
A former Harvard University instructor of medicine who was arrested on
Tuesday for conning friends, colleagues and Internet acquaintances out
of $600,000 was himself duped when he trusted other swindlers with the
money, police said.
Weidong Xu, 38, quickly lost his ill-gotten loot by investing it in a
dubious Nigerian business offer he received by e-mail. The spam message
promised gains of $50 million, police said.
"He's as smart as can be," said Boston police detective Steve Blair.
"But greed got the better of him."
Weidong was arraigned on larceny charges at the Roxbury District Court
in Boston Wednesday and pleaded not guilty. He is being held
on $600,000
bail.
Weidong started his scam in July when he told his 35 unsuspecting donors
he was trying to set up a SARS research center in China at the peak of
respiratory disease's epidemic.
One of his friends even went so far as to take out a second mortgage on
his house to lend him money.
Police said they arrested Weidong, a citizen of China, after he was
spotted quarreling with one annoyed donor who wanted his $5,000 back.
Neither Harvard University nor the Dana-Farber Cancer Institute, where
Weidong worked as a researcher until last week, knew of the scheme,
police said. Dana-Farber terminated Weidong last week, prompting his
tenure at Harvard to end. His teaching was contingent on his job at
Dana-Farber.
A spokesman for the Harvard School of Medicine declined to comment on
the case.
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These scams are so common now they have their own website chronicling victims, perps, etc:
http://home.rica.net/alphae/419coal/
(Nigeria - 419 Coalition 2004 News on Nigerian Scam/419 Operations. Click on 419 COALITION LATEST NEWS ON
)
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