The prince of fraud

Discussion in 'Chit Chat' started by dealmaker, Oct 7, 2018.

  1. dealmaker

    dealmaker

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    The prince of fraud:Investors all over the world fell for the schemes of the man who called himself Prince Khalid bin al-Saud. But the truth turned out to be more incredible than the lie. He was in negotiations to buy 30% of the Fontainebleau hotel in Miami & was selling early access to the Aramco IPO. His most recent scam involved duping 26 international investors out of $8 million. This story is a very good lesson in what happens if you don’t do proper due diligence.

    “To play the role he played so well for so long, he had to believe the lie. He actually believes he is Khalid, the prince of Saudi Arabia. I was sucked into absolute mayhem.”