- on US$2.5M bail for fraud
The Federal Bureau of Information yesterday dragged scandal-scarred Queens and Guyanese businessman, Edul Ahmad, off a Georgetown-bound Delta airlines flight, as US authorities investigate him for extensive scheme to extract money from unsuspecting home buyers.
Ahmad had already boarded Delta 383 at JFK International to head to Guyana when Federal agents boarded the aircraft, handcuffed him and removed him from the aircraft.
The New York Daily News reported that Ahmad, called a “loan wolf” because of mortgage fraud investigations, posted the US$2.5 million bail, and declined comment.
He was hit with a criminal complaint alleging that he conducted an extensive scheme to commit mortgage fraud, regularly lying about applicants’ income and using straw buyers to hide his involvement.
His lawyer, Steven Kartagner, declined to discuss whether Ahmad was in discussions with the FBI and the Brooklyn U.S attorney before his arrest, the New York Daily news reported.
Ahmad, best known as a Queens, New York real estate agent, raised eyebrows when he made a questionable $40,000 “loan” to Representative Greg Meeks. Ahmad is a key figure in ongoing probes of the “loan” Meeks forgot to repay for 3 1/2 years until the Daily News exposed it. Read More