, 7 tweets, 3 min read Read on Twitter
I wasn't aware of this one before, but the DOJ is widening their investigation in the collapse of the Abraaj Group, which used to be the largest private equity fund in the Middle East.
It looks like Abraaj executives were charged by SDNY yesterday for conspiracy and fraud.

Oh gee, they invested in health care, "clean energy" (another #GreenScam), lending, and real estate across Africa, Latin America, Asia, and Turkey.

Here are the grand jury charges against one of those executives, Mustafa Abdel-Wadood, who was the Managing Partner of Abraaj:

Investors in the Abraaj fund included: several US financial institutions, retirement & pension funds (oh great), the Bill & Melinda Gates Foundation (this is noted in the Bloomberg & FT articles) and....an agency of the United States government. ,
The Abraaj defendants fraudulently inflated the values of their funds by more than 1/2 billion dollars. They also stole a bunch of the fund's money for their own personal use.
Abraaj collapsed in 2018 after numerous allegations of fraud and they were forced into liquidation.
Here's a SEC complaint against Abraaj from April, 2019, which said this fund operated in Dubai, UAE.

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