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Thursday, 6 May 2010 - Police arrest 58 in Darfur investment scam probe |
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    Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared Luggage explosion causes scare at Houston airport 04 May 2010 Woods unfazed by Mickelson threat to number one ranking 04 May 2010 Times Square bomb suspect probed for links abroad | Video 4:15pm EDT Many possible triggers for wider euro debt crisis 1:03pm EDT Dutch queen in security scare at war memorial 04 May 2010 Greek anti-austerity march erupts in violence, 3 dead | Video 3:58pm EDT Europe leaders warn of contagion 3:58pm EDT FDA finds grime at J&J plant, urges use of generics 9:06am EDT Oil from Gulf spill may even reach Miami-scientist 04 May 2010 Police barred from penis enlargement 23 Apr 2010 FDA finds grime at J&J plant, urges use of generics 9:06am EDT Police barred from penis enlargement 23 Apr 2010 Greek anti-austerity march erupts in violence, 3 dead | Video 3:58pm EDT Oil from Gulf spill may even reach Miami-scientist 04 May 2010 Many possible triggers for wider euro debt crisis 1:03pm EDT World Cup fans warned over S.Africa fever outbreak 04 May 2010 Bad night's sleep can hamper body's insulin use 10:44am EDT Europe leaders warn of contagion 3:58pm EDT Picasso piece sets record for art sold at auction | Video 11:36am EDT Obama biggest recipient of BP cash 8:13am EDT Analysis What if the NY car bomb had gone off? Are major cities in any better shape to respond to catastrophic attacks than they were on 9/11, or in the 2005 London bombings, or the 2008 Mumbai raid?   Full Article  U.S. seen vulnerable to radicalized immigrants Clumsy but keen: Would-be bombers stir concern Police arrest 58 in Darfur investment scam probe Khaled Abdelaziz KHARTOUM Wed May 5, 2010 2:39pm EDT Related News Four killed in Darfur protest over cash scam Sun, May 2 2010 Four killed in Darfur protest -- aid source Sun, May 2 2010 Aid workers report heavy shooting in Darfur city Sun, May 2 2010 Hundreds protest over "Ponzi scheme" in Sudan's Darfur Thu, Apr 29 2010 Sudan elects wanted Bashir as president Mon, Apr 26 2010 KHARTOUM (Reuters) - Police investigating an investment scam in Sudan's Darfur region have collected bounced checks and receipts for up to $27 million and arrested 58 people, the justice minister said Wednesday. World Thousand of investors have lost money in a pyramid-style "Ponzi scheme" which collapsed earlier this year, U.N. officials and residents told Reuters. At least three people died after investors took to the streets of the capital of North Darfur state, El Fasher, on Sunday to demand their money back and clashed with security forces. Justice minister Abdel Basit Sabderat said police were hunting for missing assets across Darfur and beyond and working through about 3,700 complaints from investors. The statement from a senior minister underlined how seriously Khartoum is taking the unrest following the collapse of El Fasher's "El Mawasir" market -- the nickname for the scam using a local term for pipes which is slang for a swindle. Protesters have accused the North Darfur government of going back on promises to repay the money and have alleged links between the "El Mawasir" managers and government officials. Any collapse of order in El Fasher would be a blow to the government which has used the city as a military and legislative base during the seven year Darfur conflict. El Fasher authorities ordered a curfew from 11.30pm on Tuesday to 3pm Wednesday, to stop "infiltrators" creating chaos in the state, according to state news agency Suna. Sudan's police accused unnamed "armed movements" of joining the crowds and provoking the violence Sunday. Sabderat said the scheme was started by two police officers in March 2009 who went on to win seats in North Darfur's state assembly in last month's national elections, standing as candidates for the north's dominant National Congress Party. The two men had since been arrested, alongside 56 other people, and police had already frozen one of their bank accounts containing six million Sudanese pounds, he said Officers had collected "bounced checks totaling 28 million Sudanese pounds and receipts for 32 million (together just under $27 million)," and also found more than 100 vehicles, including Hummers, linked to the operation, said the minister. El Fasher residents said the men had taken cash and goods from investors and promised to repay them with large returns and above-market prices after a period of time. The men gave investors receipts or post-dated checks as a guarantee for their future earnings, residents said. Sabderat said the first complaints came in when checks started to bounce in March. (Writing by Andrew Heavens; Editing by Angus MacSwan) World     Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters.   More from Reuters Greek anti-austerity march erupts in violence, 3 dead ATHENS (Reuters) - Three people, one of them a pregnant woman, were killed when Greeks protesting against government austerity measures threw petrol bombs at a bank in Athens on Wednesday. | Video UK leaders scramble for votes in final hours | Video Accused NY bomber from respectable background U.S., Karzai seek common view on Taliban talks | Video Somalis hijack Russian tanker, warship dispatched Irish airports to re-open from early Thursday | Video » More Top News Fighting the oil spill on all fronts Workers are toiling above and below the surface of the Gulf of Mexico in an intense effort to plug the leak and protect the shoreline.  Full Article  Video: Calm before the spill "World's whitest beaches" under threat Obama biggest recipient of BP cash Poll: Is it still "drill baby drill"? Green Business Alienated, radicalized immigrants Fears are bound to heighten over radicalized immigrants in the wake of the attempted New York bombing by a Pakistani-American. Are these worries justified?  Full Article | Video  Bomb suspect probed for links Factbox: A married financial analyst Bomb suspect was bound for Pakistan Bomber from respectable background What inspired the bomb attempt? U.S. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index   Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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