Wednesday, September 09, 2009

Lebanese Banks Safe from Hizballah-linked Pyramid Scheme

Television broadcast featuring Ezzedine (courtesy of FT.com)

That according to the country's Central Bank Governor, Riad Salameh, who declared that,

"The investigation is ongoing. It has nothing to do with the finance or banking industry. He had his own investors, and it's a private matter that's outside of the banking industry."

The 'he' referred to by the Governor is Salah Ezzedine, or "Lebanon's Madoff" as the media has come to refer to him. Ezzedine is also known as a businessman and financier with close ties to Iran's Lebanese proxy-militia, Hizballah. Check for the full story NOWLebanon.
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