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Thread: Nadhmi Auchi, Hussein Obooma And The Mansion On The Hill

  1. #1

    Nadhmi Auchi, Hussein Obooma And The Mansion On The Hill

    [url]http://www.timesonline.co.uk/tol/news/world/us_and_americas/us_elections/article3433485.ece[/url]

    [quote]Mansion 'mistake' piles the pressure on Barack Obama

    Barack Obama now admits his involvement in this land deal was a mistake
    James Bone in New York and Dominic Kennedy in London

    Graphic: the house that Barack bought | The key players | Timeline: Barack and the billionaire

    A British-Iraqi billionaire lent millions of dollars to Barack Obama's fundraiser just weeks before an imprudent land deal that has returned to haunt the presidential contender, an investigation by The Times discloses.

    The money transfer raises the question of whether funds from Nadhmi Auchi, one of Britain’s wealthiest men, helped Mr Obama buy his mock Georgian mansion in Chicago.

    A company related to Mr Auchi, who has a conviction for corruption in France, registered the loan to Mr Obama's bagman Antoin "Tony" Rezko on May 23 2005. Mr Auchi says the loan, through the Panamanian company Fintrade Services SA, was for $3.5 million.

    Three weeks later, Mr Obama bought a house on the city's South Side while Mr Rezko's wife bought the garden plot next door from the same seller on the same day, June 15.

    Mr Obama says he never used Mrs Rezko's still-empty lot, which could only be accessed through his property. But he admits he paid his gardener to mow the lawn.

    Mrs Rezko, whose husband was widely known to be under investigation at the time, went on to sell a 10-foot strip of her property to Mr Obama seven months later so he could enjoy a bigger garden.

    Mr Obama now admits his involvement in this land deal was a “boneheaded mistake”.

    Mrs Rezko’s purchase and sale of the land to Mr Obama raises many unanswered questions.

    It is unclear how Mrs Rezko could have afforded the downpayment of $125,000 and a $500,000 mortgage for the original $625,000 purchase of the garden plot at 5050 South Greenwood Ave.

    In a sworn statement a year later, Mrs Rezko said she got by on a salary of $37,000 and had $35,000 assets. Mr Rezko told a court he had "no income, negative cash flow, no liquid assets, no unencumbered assets [and] is significantly in arrears on many of his obligations."

    Mrs Rezko, whose husband goes on trial on unrelated corruption charges in Chicago on March 3, refused to answer questions about the case when she spoke by telephone to The Times.

    : "No, not as far as my client is aware."

    Mr Auchi's links with Mr Rezko are a new political headache for Mr Obama, the charismatic Illinois senator vying to become America’s first African-American president.

    Hillary Clinton has sought to make Mr Rezko, who has bankrolled Mr Obama's political career since his first run for the Illinois state senate in the mid-1990s, into an election issue by calling him a "slum landlord" in a televised debate. She has repeatedly suggested that Mr Obama has effectively not been "vetted" by media scrutiny and will not withstand "the Republican attack machine".

    Bill Burton, a spokesman for Mr Obama, told The Times: “The bottom line is Obama does not recall ever meeting him [Mr Auchi].”

    The house-and-garden deal raised questions about whether Mr Rezko, a property developer and fast-food restauranteur, made it possible for the Obamas to purchase a mansion they could otherwise not afford.

    Mrs Rezko paid the asking price for the garden but the Obamas bought the house for $1.65 million, - $300,000 less than the asking price. The sellers deny they offered the Obamas a discount on the house because the garden had fetched full price from Mrs Rezko.

    Mr Rezko has since been indicted for allegedly scheming to pressure companies seeking business with the state of Illinois for kickbacks and contributions to the governor Rod Blagojevich's campaign. He goes on trial on March 3.

    A prosecution document filed last month alleged that a "political candidate" - identified by the Chicago Sun-Times as Mr Obama - received a $10,000 campaign contribution from what is said to be a $250,000 kickback in the corruption case. That means Mr Obama's name could figure in Mr Rezko's trial, although he is not accused of any wrongdoing.

    Mr Obama insists he never used his office to do favours for Mr Rezko but admits that, as an Illinois state senator, he once wrote letters to housing officials urging them to provide money in support of a proposed apartment building for elderly people which Mr Rezko wanted to build.

    Mr Obama has publicly sought to atone for his closeness to Mr Rezko, paying $150,000 to charity to distance himself from a man accused of political corruption.

    The spotlight fell on Mr Rezko's ties to Mr Auchi last month when the Chicago businessman was thrown in jail for violating his bail terms by failing to declare a different $3.5 million loan from the British billionaire, made in April 2007. Prosecutors feared Mr Rezko, who travels widely in the Middle East, might flee to a country without an extradition treaty such as his birthplace of Syria.

    Mr Auchi was convicted of corruption, given a suspended sentence and fined £1.4 million in France in 2003 for his part in the Elf affair, described as the biggest political and corporate scandal in post-war Europe. He, in a statement from his media lawyers, claims he is appealing against the sentence.

    Mr Auchi founded his Luxembourg-based General Mediterranean Holding (GMH) in 1979, a year before he left Iraq. He says that he did business with his native country when it was considered a friend of the West but ceased to trade with the late Saddam Hussein's regime once sanctions were imposed after the invasion of Kuwait.

    Mr Rezko has told a court that Mr Auchi is a "close friend." Mr Auchi's lawyer told The Times: "It is untrue that my client and Mr Rezko are 'close friends'. Mr Auchi first met Mr Rezko after the 2003 Iraq war and they have a business relationship."

    Mr Rezko and Mr Auchi have been partners in a pizzeria business in the Mid-West and a major 62-acre land development in Riverside Park in Chicago.

    According to court documents, Mr Rezko's lawyer said his client had "longstanding indebtedness" to Mr Auchi's GMH. By June 2007 he owed it $27.9 million.

    Under a Loan Forgiveness Agreement described in court, Mr Auchi lent Mr Rezko $3.5 million in April 2005 and $11 million in September 2005, as well as the $3.5 million transferred in April 2007.

    That agreement provided for the outstanding loans to be "forgiven" in return for a stake in the 62-acre Riverside Park development.

    A posting last week on a GMH-owned website, middle-east-online.com, portrayed Mr Auchi as a Middle Eastern "Donald Trump" with a global business construction empire.

    Mr Auchi visited the United States in 2004. Pictures show him meeting Emil Jones, the president of the Illinois state senate, an ally of Mr Obama, a former state senator.

    Both Mr Auchi and Mr Obama say they have no memory of meeting each other. But, according to a source, the two may have had a brief encounter at the Four Seasons Hotel in Chicago where Mr Auchi’s visit was being honoured with a dinner attended by the Governor when Mr Obama, coincidentally in the hotel, dropped in.

    An aide to Mr Obama said he did attend an event at the Four Seasons at which Mr Rezko was present but does not remember meeting Mr Auchi. "He shook a lot of hands and met a lot of people," the aide said. "We do not remember individual people."

    Prosecutors say that, after Mr Auchi was unable to enter the United States in 2005, Mr Rezko approached the US State Department to get him a visa and apparently asked "certain Illinois government officials to do the same." Mr Obama denies he was approached. Mr Auchi's lawyer has emphasised to The Times that it would be entirely false to imply that money had been lent by GMH to Mr Rezko in return for Mr Rezko seeking to assist Mr Auchi to obtain a visa. The two men's relationship, the lawyer stressed, was a busines s one.

    Mr Auchi's lawyer said the purpose of the Fintrade Services loan was to "assist the financial position" of a pizzeria company called AR Pizza, in which GMH held a shareholding. He said the loan had since been repaid in the form of a greater stake in the Chicago 62-acre land project.

    AR Pizza has since become a defendant in a civil lawsuit by the Papa John's pizzeria chain, which alleges that it continued to operate a string of former Papa John's franchises under the name "Papa Tony's" without permission.

    Mr Auchi's lawyer said: "My client played no part in the management and/or day to day running of AR Pizza, the GMH Group being an entirely passive investor in the company. Further, there was no need as a mimimum return on the investment was guaranteed. As to the court proceedings, my client is not a party to these. He denies any wrongdoing in relation to his involvement in AR Pizza."

    Mr Rezko was also a major fundraiser for Governor Blagojevich. The governor's chief fundraiser Christopher Kelly, who also served as his gambling adviser, is fighting tax charges related to betting losses. The Associated Press reported that last month Mr Auchi's conglomerate also gave a loan to Mr Kelly secured on a Nevada land deal which the governor’s bagman was involved in.[/quote]

    Spin away cultists.... spin away....:D

  2. #2
    Can you please highlight the section of the article alleging wrongdoing by Obama?

  3. #3
    why are you calling him obooma?

    what does that mean?

  4. #4
    [QUOTE=nuu faaola;2389703]Can you please highlight the section of the article alleging wrongdoing by Obama?[/QUOTE]

    And we have the first attempt at spin.

    Lame but an attempt none the less...

  5. #5
    [QUOTE=Darth Vader;2389715]why are you calling him obooma?

    what does that mean?[/QUOTE]

    Just a little pet name. ;)

  6. #6
    [QUOTE=DeanPatsFan;2389718]And we have the first attempt at spin.

    Lame but an attempt none the less...[/QUOTE]

    I'm not spinning anything.

    Please explain to me, in your own words, what is being alleged about Obama that needs to be spun?

    All I'm asking for is one sentence: you know, a subject (hint: "Obama"), a verb, and an object.

    Obama did what, according to this story?

    This shouldn't be a hard question to answer, if you think this is a big deal.
    Last edited by nuu faaola; 02-26-2008 at 03:42 PM.

  7. #7
    [QUOTE]The money transfer raises the question of whether funds from Nadhmi Auchi, one of Britain’s wealthiest men, helped Mr Obama buy his mock Georgian mansion in Chicago.

    A company related to Mr Auchi, who has a conviction for corruption in France, registered the loan to Mr Obama's bagman Antoin "Tony" Rezko on May 23 2005. Mr Auchi says the loan, through the Panamanian company Fintrade Services SA, was for $3.5 million.

    Three weeks later, Mr Obama bought a house on the city's South Side while Mr Rezko's wife bought the garden plot next door from the same seller on the same day, June 15.

    Mr Obama says he never used Mrs Rezko's still-empty lot, which could only be accessed through his property. But he admits he paid his gardener to mow the lawn.

    Mrs Rezko, whose husband was widely known to be under investigation at the time, went on to sell a 10-foot strip of her property to Mr Obama seven months later so he could enjoy a bigger garden.

    Mr Obama now admits his involvement in this land deal was a “boneheaded mistake[/QUOTE]

    Maybe a bit of indecorousness that should be looked into.

    Or does that only apply to Republicans in these matters?

  8. #8
    dean fan calls him o-boo-ma because he's scared of him - boo!

    by the way if this is the worst stuff people can drag up, some land deal or the turban pic, obama is home free

    this guy is like teflon

  9. #9
    [QUOTE=bitonti;2390071]dean fan calls him o-boo-ma because he's scared of him - boo!

    by the way if this is the worst stuff people can drag up, some land deal or the turban pic, obama is home free

    this guy is like teflon[/QUOTE]

    It certainly doesn't hurt that many get up in arms when someone even mentions his middle name.....as if the simple use of the man's actual name is so offensive as to be deemed an "attack".

    And in all fairness, Obama has had an absolute cakewalk from the media thus far. It will be interesting to see if that trend continues.

  10. #10
    [QUOTE=Darth Vader;2389715]why are you calling him obooma?

    what does that mean?[/QUOTE]

    It means he can't spell but mostly it means he is a fool.

  11. #11
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    Cool...more ObamaSpam. Keep up the good fight, ladies...

  12. #12
    [QUOTE=nuu faaola;2389703]Can you please highlight the section of the article alleging wrongdoing by Obama?[/QUOTE]


    [B]Mr Obama now admits his involvement in this land deal was a “boneheaded mistake”. [/B]

    Why would he call it a "mistake" if he didn't do anything wrong? It looks like a quid pro quo between some very shady characters, but then again, I don't smell flowers every time Obama farts like you do.

  13. #13
    [QUOTE=Warfish;2390208][B]It certainly doesn't hurt that many get up in arms when someone even mentions his middle name.....as if the simple use of the man's actual name is so offensive as to be deemed an "attack".[/B]

    And in all fairness, Obama has had an absolute cakewalk from the media thus far. It will be interesting to see if that trend continues.[/QUOTE]

    Youre kidding...right??
    Why do you think people use his middle name? Do you think anyone would be using it if it was Bill or Joe or Bob???

    BTW, you are right. Obama has had an absolute cakewalk from the media. I wish they pressed him/challenged him a bit more so we could see how he reacts.

  14. #14
    Obama is being manufactured by the media for the candidacy that has also been known to tear down without compunction what it has painstakingly built.

    for fun, and ratings.

    they like that he's an exciting candidate. its like reality programming..

  15. #15
    [QUOTE=kennyo7;2391361]Youre kidding...right??
    Why do you think people use his middle name? Do you think anyone would be using it if it was Bill or Joe or Bob???

    BTW, you are right. Obama has had an absolute cakewalk from the media. I wish they pressed him/challenged him a bit more so we could see how he reacts.[/QUOTE]

    You're kidding, right??

    Why do you think the left is running away from his middle name and demanding censoship on using it?? Do you think anyone on the left would be doing that if it was Bill or Joe or Bob??

    By doing what your side is doing (making it a big loud deal, screaming that it's wrong to use it, demanding censorship against using it) the left is AGREEING that there is something wrong with the name itself. Your outrage validates the rights use of it as an attack, plain and simple.

    Don't want it to be that way? Don't get outraged. Just use the name or let the right use it, and laugh. You don't expect the type of people such a silly argument works on to vote for Obama anyway.....do you?

  16. #16
    [QUOTE=Warfish;2391750]You're kidding, right??

    Why do you think the left is running away from his middle name and demanding censoship on using it?? Do you think anyone on the left would be doing that if it was Bill or Joe or Bob??

    By doing what your side is doing (making it a big loud deal, screaming that it's wrong to use it, demanding censorship against using it) the left is AGREEING that there is something wrong with the name itself. Your outrage validates the rights use of it as an attack, plain and simple.

    Don't want it to be that way? Don't get outraged. Just use the name or let the right use it, and laugh. You don't expect the type of people such a silly argument works on to vote for Obama anyway.....do you?[/QUOTE]


    C'mon War, you don't really believe that do you?

    The right starts out using it in a very derogatory way and the left responds because they want to make sure that the tactic doesn't work.

    DOn't paint the neo-con talking heads as innocent here...that is disingenuous

  17. #17
    [quote=Darth Vader;2389715]why are you calling him obooma?

    what does that mean?[/quote]

    Because it has the word "boom" in it - get it? Hussein Obooma? Muslim named guy who will sympathize with terrorists and cause bombs to go off in the US?

    I'm not quite sure why he didn't just go with Obomba, but I guess it's because bomba is quite tasty

  18. #18
    [QUOTE=piney;2391955]C'mon War, you don't really believe that do you?[/QUOTE]

    Yes, I do.

    I think those who use it, instead of coming out and SAYING what they really mean are LAME.

    I think those who get outraged over use of the man's name validate it being "bad" in some form, and are equally LAME.

    We do not exist in a vacuum. If the name is not bad in any way.....why validate the Right by being outraged? Exactly.

  19. #19
    [QUOTE=doggin94it;2391961]Because it has the word "boom" in it - get it? Hussein Obooma? Muslim named guy who will sympathize with terrorists and cause bombs to go off in the US?

    I'm not quite sure why he didn't just go with Obomba, but I guess it's because bomba is quite tasty[/QUOTE]

    See, I thought he meant it as O "boo" ma. As in "booing" the guy. But YOUR version (Obomba) is pretty good for hatespeech. I am sure we'll hear that one on right-wing radio any day now. Nice job.:P

  20. #20
    [QUOTE=nuu faaola;2389703]Can you please highlight the section of the article alleging wrongdoing by Obama?[/QUOTE]



    [B]Mr Obama now admits his involvement in this land deal was a “boneheaded mistake”. [/B]

    Why would he call it a "mistake" if he didn't do anything wrong? It looks like a quid pro quo between some very shady characters, but then again, I don't smell flowers every time Obama farts like you do.

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