"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Thursday, January 29, 2009

Arrest in Langbar fraud case in which Lord Levy's "cash for Coronets " sidekick Barry Townsley was involved with other N London football supporters

Spanish police arrested six people tied to a $600 million fraud committed at Langbar International Ltd., (AKA Crown Corp) is a murky Bermuda-based "investment company" . It has been the subject of leisurely scrutiny by the Serious Fraud Office since 2005.

In a nutshell Crown/Langbar is a Bermuda-registered company, founded by a Polish-Canadian, backed by Israeli money, which traded in Argentina, banked its money in Brazil (Banco de Brasil) , had its accounts audited in Spain (Barcelona based Gironella Velasco ) ... and, which thanks to British financial advisers (see below - all keen supporters of North London football clubs) , listed its shares on the London stock market.

The Spanish police have just arrested 6 people ( between 56 and 76 years old at residences in Madrid, Barcelona and Alicante) in what they claim is a US$600 Mn. fraud .

The company operated as a "cash shell" quoted on London Alternative Investment Market (AIM) , shareholders included at one time Merrill Lynch and Gartmore . The fraud originally came to notice when it was announced £ 370 Mn. had evaporated from its accounts.

“The present board of Langbar International is determined to discover exactly what has transpired concerning company funds and to pursue their recovery,” the company said on its Web site. “Our aim is to restore value for shareholders to the maximum that can be achieved.”

The fraud appears to date back to 2003, when the suspects allegedly attracted investors through false claims about the company’s assets, police said. This involved all sorts of floated lies that there was the “very exciting” $294m demerger of Crown Pharmaceutical, which was going to buy a Russian drugs company, and Crown Development, an eastern European property company.Once the shares rose, the suspects sold their holdings, according to the Spanish police.

El Pais reported that the six men arrested were charged and released and that one of the suspects was a former Israeli Mossad agent - believed to be 2 metre tall, 30 lb gorilla Abraham “Avi” Arad, and said to be a mathematical genius - who is understood to be the same person as one of the men arrested on January 21 as the fascinating and much sought after, Abraham Hochman.

The SFO declined to comment on any plans to extradite the arrested men.
Officials at the U.K.’s Financial Services Authority declined to comment, as did those at the City of London Police and the London Stock Exchange.

In April Langbar’s founder, Mariusz Rybak, agreed to pay about 30 million pounds in April to settle a lawsuit brought by the company’s directors and the judge made him sell his house in Monaco. They alleged that Rybak falsified the company’s assets as part of a fraud against investors. Mrs Izabela Rybak (‘‘Mrs Rybak’’), and a company incorporated in Monaco, SCI Atol a company allegedly owned and controlled by Mrs Rybak and her daughter also seems to feature sonwehere in this tangled tale.

In 2007 Nabarro Wells, the finance house that floated Langbar, was fined £250,000 by the London Stock Exchange for failings related to the affair. NW has since April 2008 been part of Ambrian Capital plc , an AIM listed specialist investment banking group focused on the mining, oil & gas, alternative energy and new technology sectors.

Mariusz Rybak, is / was described as a Canadian technology executive, and Jean-Pierre Regli, a Swiss-Italian banker were the co-founders . It may surprise many to discover that they were on good terms with Barry Townsley and Simon Fox of stockbroker Insinger Townsley. Barry was of course also a great supporter of frank Donson's abortive bid to be Mayor of London.

Barry of course was/is a good friend of the Karaoke King (AKA Lord Levy and pal of the Qratet's envoy in the Middle East Tony Blair) who promised him and Earldom and half of Surrey, and a string of live in chorus girls as well as eternal life , in exchange for a loan to the New Labour Party. Read more here about the men who run David Miliband's favourite footie team. and post Monday, September 18, 2006 Panorama exposes the corruption at the heart of European football ...again. Also see Times 4/12/2005 A Crown farce: how Langbar mislaid £365m. Accountant David Buchler was involved at one time trying to sort out the mess.

See also Wikipedia entry on Langbar


Anonymous said...

"Where There's Greed: Margaret Thatcher and the Betrayal of Britain's Future (Paperback)"

"by Gordon Brown (Author)"...


You couldn`t make it up, you just couldn`t make it up.

Anonymous said...

"The depth of 'paid advocacy' within the House of Bores has been well explored by The Herald today, coming on the back of the Sunday Times' expose of four Labour peers taking 'cash for amendments'.Every single party, bar the SNP, has members in the House of Lords who are on the take, sorry, paid for non-parliamentary consultancy. Chief amongst them is Lord Foulkes, who just happens to be a full-time MSP for the Lothians. Now Cameron says he will reform the Lords - how's that for a U-turn in Tory"...


Anonymous said...

"Prepared:14:54 on 29 January 2009"

"House of Lords: Conduct of Members

"The Lord President of the Council (Baroness Royall of Blaisdon): My Lords"...


Anonymous said...

If you look down the page in the above link you will find this...

"Climate Change"

"Back to top"
"11.39 am"
"Moved By Lord Browne of Madingley"

"To call attention to the political aspects of addressing climate change; and to move for Papers."

"Lord Browne of Madingley: My Lords, I declare my interests. I am managing partner and managing director of Riverstone Holdings"

Hmmm...Thats the trouble,too many in the Lords and Commons with..."interests".

Anonymous said...

'Jewish money' controls U.S.: African diplomat
Recommend (10)

January 29, 2009


Johannesburg - South Africa’s deputy foreign minister has been taken before the national human rights body for allegedly saying that "Jewish money" controls the United States, officials said Thursday.

Fatima Hajaig allegedly told a political rally two weeks ago in Johannesburg that Jews "control America, no matter which government comes into power, whether Republican or Democratic, whether Barack Obama or George Bush."

"Their control of America, just like the control of most western countries, is in the hands of Jewish money," she allegedly said.

Outraged by the remarks, the South African Jewish Board of Deputies — a civil rights group — said it filed a complaint Wednesday against Hajaig at the human rights commission.

"We submitted yesterday our formal complaint on the minister’s outrageous statement to the South African Human Rights Commission," the head of the group, Zev Krengel, told AFP.

"That minister’s statement is incorrect, inflammatory and outrageous. We feel in our young democracy and in the 21st century, we should learn to respect each other and refrain from such anti-Semitic statements," Krengel said.

The rights commission’s spokesman Vincent Moaga confirmed that the body had received the complaint, but could not give a timeline for processing it.

Foreign affairs spokesman Ronnie Mamoepa declined to give details on the case, but told AFP that the South African government "has committed itself to fighting against all forms of racism, in all their ramifications, including anti-Semitism."

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