A Madoff Arabic for 400 italian customers:
International scam, total silence
I would like to highlight a new development whose publication could be
interesting and useful to both you and your readers as well as to us Italian
citizens who are living under serious stress.
I am writing because of a problem that is affecting a group of co-nationals
(around 400 Italians) who, since March 2011 have been the object of
a fraud committed by a citizen of the United Arab Emirates, presumably a
resident of DUBAI, a certain MAHMOOD RIAZ, the managing director
of a company named GTL , specialised in trading currency and
whose legal offices are in Office no. 121, The Galleria Hyatt Regency, Dubai
Plot n. 111-103, Floor no. 1. Mr Riaz is wrongfully holding the sum
equivalent to 26 million Euros, the property of the above-mentioned Italians,
who paid in, each on his own and at differing times; these sums were to be
by the intermediary company named Gforex, whose legal office is in Milan,
and subsequently transferred to the GTL trading company above,
inasmuch as it had been selected by Gforex as its broker.
The Italian Gforex company, the only one having this name, has sued
GTL, filing the suit about 5-6 months ago to local juridical authorities, who
seem to have enjoined Mahmood Riaz to speak for himself.
Gforex has made use of the professional competence of a well known legal
office in Dubai
Today, 18/11/2011, we have learned that MAHMOOD RIAZ HAJI BARKAT
ALI (this should be
his full name) has not presented himself to the authorities.
I would like to clarify that Gforex, in the name of its general manager, Dr.
Claudio Di Fonzo,
has lodged a complaint for the same reasons with the Public Prosecutor’s
Office in Milan, and that Gforex
itself is considered to be formally in liquidation.
Our consulate in Dubai, where I and another Italian citizen went,
ascertained that on 17/10/2011, with reference to what we reported,
the Tribunal of Dubai was charged with the case NUMBER 1567
in which the legal team of the Al Maarif studio was consultant to the
Public Prosecutor, MOHAMMED ABDULZIZ ABDULLA ALOMAR’s
Officially, the case opened on 18 September 2011 and ended the
consultation stage on the 28th of the same month.
This is an extreme summary of the content of our story, to which we must
add the enormous difficulties connected to the logistical problems of language
that add to the difficulty of finding useful, precise and
detailed news about the above-mentioned facts, almost
insurmountable circumstances for us residents in Italy, in virtue of a murky
that involves the two companies in question (GTL and Gforex).
Lastly, with reference to most of us who have invested in GTL, this represents
life savings and thus the epitome of our sacrifices.
Therefore, please examine the possibility of
taking this information and highlight it,
making your opinion public on your online newspaper.
Please provide us your contact details and proof if you have had any business relationship with GTL Trading DMCC or any other company belonging to the GTL Group. Please also declare if you are an authorized representative of GForex as we believe that this statement is not published from Gforex and is your personal opinion about the two companies.
We wish to inform you that the content of the article and blog posts published are highly defamatory and racist as well as an act of calumny. The article compares Mahmood Riaz to a Madoff Arab. Certainly, obvious to any reasonable person, it is not a pleasant attribute that can be attached to any reputable individual. Most importantly, it is worth noticing that the Madoff case concerned a massive fraud against 50 billion dollars, Mahmood Riaz and GTL Trading DMCC never had those 400 Italians as their clients, the two situations are completely distinguishable and different. The Madoff case has nothing to do with Mahmood Riaz and GTL Trading DMCC.
The allegation and content published and being discussed is completely false in its entirety. Moreover, by publishing, posting and discussing the offensive article on this blog you have committed criminal offenses.
We wish to confirm and reiterate that GTL Trading DMCC has never had any business with the 400 clients you refer to and that GTL Trading DMCC was just a shareholding partner of Gforex. There was no other contractual relationship between them. No case is filed in Dubai and no court order has been issued.
For your information, we have already filed a criminal complaint for the act of defamation against the Journalist and the Newspaper that published the offensive article comparing Mahmood Riaz to a Madoff Arab and for all the other false allegations. Please also be advised that our lawyers are in the process of filing a criminal complaint against this defamation and any parties that use this forum to defame our company. Our lawyers also suggest that you cease and desist from any further defamatory comments on this forum and to reveal your identity or your legal representation so that this matter can be addressed in the appropriate manner. If you do not then you would be liable for becoming an accomplice to a continuing act of defamation. Note that we also reserve the rights to request all financial damages due to loss of business and reputational damages against the authors and accomplice of this defamatory article and blog.
Please contact us at firstname.lastname@example.org with your reply to our request above and to discuss any misunderstandings in regards to this matter at your earliest convenience.
a madoff arabic...oops!...sorry,perhaps one should say:"a little madoff arabic"
here's an email by italian consulate in dubai,confirming that the prosecution has been initiated:
Cc: 'Consolato Generale d'Italia Dubai Consgen'
Sent: Monday, October 17, 2011 9:47 AM
Subject: Re: truffa da parte di cittadino Emirati Arabi
in merito a quanto da voi segnalato questo Consolato ha appurato che presso il Tribunale di Dubai e' stato aperto un caso (n. 1567) nel quale i legali dello studio Al Maarif hanno interpellato a titolo consultivo sulla denuncia il Public Prosecutor, Mohammed Abdulziz Abdulla Alomar. Da quanto risulta ufficialmente il caso, aperto il 18 settembre 2011, ha concluso la fase consultiva il 28 dello stesso mese.
Vi informiamo altresi che le autorita' consolari non sono ammesse alle udienze ne' possono istituzionalmente interporsi in dispute fra privati.
A completamento delle indagini svolte e per vostra piu' agevole informazione si fornisce il seguente sito governativo di Dubai (Public Prosecution) dove e' possibile, con il numero del caso, tracciare le fasi del procedimento : www.dxbpp.gov.ae/Cases.aspx?Year=2011 &Type=20&Serial=1567.
Vogliate gradire distinti saluti
Dott. Miriam CODUTTI
Vice Comm. Amm.vo
CONSOLATO GENERALE D'ITALIA
DUBAI (Emirati Arabi Uniti)
World Trade Centre
P.O Box 9250
the little madoff arabic's new website....ahahahahahah...hihihihihihi... GTL Trading DMCC
how pathetic they are...
read it and chances are it you absolutely nothing, ie plenty of inane corporate speak about how their clients are important to them and they're dedicated to providing a professional service etc, but nothing about how the company is actually run.
Also, be on the lookout for smiley-happy stock photos of busy high-powered executives - it's normally a sure sign of a setup.