From :scot4538@hotmail.com
Sent : Wednesday, July 5, 2006 12:35 PM
To : arabtimesnewspaper@hotmail.com
Subject : Yasir Abbas - Money Laundering Scheme
Money Laundering – The Palestinian Way
 

The stench surrounding Mr. Yasir Abbas’s investments, the son of our beloved leader Abu Mazen, the Qatari millionaire and the President of the Falcon Group of Companies, that stench is now being tamed by a new bright idea: why not own a Non-Governmental Organization (NGO) and invest through it. This organization is called the Young Entrepreneurs of Palestine, YEP (www.yep.ps), now owned and controlled by Yasir Abbas and Company.

The story behind YEP started in 2002, when Fredrich Nauman, a German foundation operating throughout the Middle East funded and organized a conference for Arab Entrepreneur Organizations under the umbrella of The Arab Forum for Young Entrepreneur Associations (www.afye.org). Few conferences followed in Lebanon, Jordan, Tunisia and Morocco, which were all constructive …. But for the YEP - to be a legitimate member- had to register locally, in Ramallah …. Something that proved impossible without Yasir Abbas name as a founding member. This was done at the cost of removing the names of YEP founders who objected to Mr. Abbas nomination; and coincidentally, those founders were the most fruitful, and coincidentally again, were US educated.

This is where the story begins, Mr. Abbas was elected president of YEP (with only members being the founders) and it became biggest money laundering operation in Palestine. First, the Germans paid for an office and a secretary, that supplemented by $500/month from then President Arafat, add to that the free trips for Mr. Abbas, all adds up to the type of business done the Fatah way. Today, according to inside sources $12,000,000 is invested in Palestine and overseas under YEP name, 100% Abbas owned. The most recent acquisition is 10% of Petropal, a Hebron oil recycler.

Today, both YEP and AFYE are nothing more than obsolete websites on the internet; after all the most valuable founders were replaced by Mr. Abbas and the gang. Fredrich Nauman has realized that they were robbed and withdrew from the entire concept …. And Mr. Abbas Jr. is enjoying his latest money laundering invention.