A Gem of a Read- First He Evades 4B Pounds in Belgium’s Taxes, then he Dies Getting His Penis Enhanced… Precious…

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Billionaire diamond trader dies during penis enhancement procedure, reports say

A billionaire diamond trader has died during a penis enlargement operation at a posh Parisian clinic, it was reported.

Ehud Arye Laniado died at the age of 65 in the clinic of an unnamed plastic surgeon on the Avenue des Champs-Elysees in the French capital.

According to local media, complications during surgery proved fatal for the Belgian-Israeli dual national and he suffered a heart attack when a substance was injected into his penis.

exact fortune is not publicly known, got in trouble with the authorities in 2013.

He faced claim for 4 billion British pounds (approx. $5.2 billion) from the Belgian authorities for tax evasion on diamonds illegally imported from Congo and Angola, Belgian’s GVA reported.

Laniado reportedly prevented a tax evasion trial by agreeing to pay 137.7 pounds.

However, the Belgian customs office suspected him of lying or giving incomplete information about some of the diamonds imported from Angola and Congo and still claimed 4 billion pounds as well as a 1.7 million pounds (approx. $2.2 billion) fine.

Even though two courts dismissed the Belgian customs office’s claim, an appeals court ordered a new trial with Laniado due to appear in court on March 14.

Laniado’s company, Omega Diamonds, which is based in the Belgian city of Antwerp, where most of the world’s top diamond traders operate, confirmed his passing.

A statement read: “Farewell to a visionary businessman. It is with great sadness that we confirm that our founder Ehud Arye Laniado has passed away.”

According to media reports, Laniado suffered from a so-called Napoleon complex due his short stature.

 

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ADDITIONAL READING:

DIAMOND GEEZER

Billionaire diamond trader Ehud Arye Laniado, 65, dies during penis enlargement surgery that triggered ‘heart attack’ at Paris clinic

https://www.thesun.co.uk/news/8575776/billionaire-diamond-trader-ehud-arye-laniado-65-dies-during-penis-enlargement-surgery-that-triggered-heart-attack-at-paris-clinic/

Ehud Arye Laniado Facts: Billionaire Diamond Trader Dies During Penis Enhancement Surgery

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Zambian Court Orders Liquidation of Leviev Company – Frango Finance Ltd. and Gemcanton Investments Holdings

Zambia Court Orders Liquidation of Billionaire Leviev’s Company

A Zambian court has ordered the liquidation of a company owned by Israeli diamond billionaire Lev Leviev as the fight with his local partner in an emerald mine rages on.

The Zambian High Court placed Frango Finance Ltd., which owns half of Gemcanton Investments Holdings, in compulsory liquidation after receiving a petition on Feb. 18, according to a statement published in the Daily Nation newspaper.

LEVIEV Store Opening

Lev Leviev

Photographer: Scott Wintrow/Getty Images

Leviev will contest the order, said his lawyer, Dickson Jere. “We have been served with an order which was issued without hearing my client,” he said in a text message. “We will be going to challenge it in court as Frango is not even a Zambian-registered company.”

Leviev and Abdoulaye Ndiaye became embroiled in legal battles soon after the diamond magnate bought half of what was previously known as the Grizzly emerald mine from Ndiaye in Zambia’s Copperbelt province in 2015.

A Platinum Schemer and a Jewelry Show, the Benefits of Privilege and the Opportunities that Await… in Hong Kong

Jona Rechnitz

A TRIP TO HONG KONG FOR A DIAMOND DEALER, WHO JUST HAPPENS TO ALSO BE AN ADMITTED FRAUDSTER AND CON-ARTIST. 

To Our Readers:

We saw this story and found it quite astonishing. Jona Rechnitz has admitted to guilt for numerous crimes, crimes of significant magnitude, for which at least one member of the Platinum family, just got sentenced to 30 months.

He has testified with a level of arrogance fit only for rich, entitled, unrepentant fraudsters, flippantly waiving around the word “truth” as if he knows the significance of its foundation in the English language and jurisprudence. He has been smug, lied, admitted to numerous infractions of morality, ethics and the law and now he asks to be allowed to Hong Kong to attend a jewelry show.

Have we lost our collective minds? Perhaps he wants to ask his friends and accomplices for a “bisel gelt” [a little bit of money] to buy something nice, or to grease the palms of someone who can? He is one of a group of white, privileged criminals running roughshod over the law.

Let’s not forget that his early career started with a position working for LevLeviev’s Africa Israel. Leviev, a diamond magnate in his own right, is unable to travel the world these days as a result of the criminal laws of multiple countries. It is unclear whether Rechnitz and his well-connected family has broken ties. And let’s be reminded that the Israeli justice system is trying to maneuver testimony from that same Leviev regarding a major diamond smuggling endeavor. 

And Judge Hellerstein is being asked by a begging Jona Rechnitz to attend a jewelry show in Hong Kong? And the prosecutor is agreeing on condition that Rechnitz’s wife surrender her passport? Has the prosecutor not thought this through?

The exchange for Rechnitz’s wife’s passport is but a joke, a circus stunt. Both Jona Rechnitz and his wife likely carry numerous passports and the surrender is thus insignificant. Moreover, the ideal guarantee that Rechnitz would return from the Hong Kong jewelry show without a new bank vault of difficult to trace assets would be to freeze all of his bank accounts while he is gone… and perhaps those of his family and all of their closest friends and associates. 

Judge Hellerstein, you got the Murray Huberfeld verdict right, please think about what is really going on here. You are being asked to help a very wealthy, entitled, dishonest and connected man get just a little bit wealthier. He has committed crimes. He should not be rewarded for his willingness to testify on behalf of the government when few can discern if his testimony was lies, truth or some combination of the two. 

Corrupt de Blasio donor begs judge to let him attend Hong Kong jewelry show

A Mayor de Blasio donor who is out on $500,000 bail pending his sentencing for bribing cops wants a judge to allow him to travel to Hong Kong for a jewelry show later this month, according to new court documents.

Jona Rechnitz — a government cooperator who testified at two corruption trials — is asking Manhattan federal Judge Alvin Hellerstein to allow him to travel for nine days starting Feb. 25 “to attend an international jewelry show” for business, lawyer Alan Levine wrote in a letter to Hellerstein.

During testimony, Rechnitz said he currently works in real estate and jewelry.

Prosecutors agreed to the request as long as Rechnitz’s wife turns over her passport.

To read the article in its entirety, click here.

 

DRC, Mineral Exploitation, Dan Gertler and Ebola

DRC’s worsening instability heightens critical minerals concern

by Greg Klein | December 28, 2018

Yet another postponement to already overdue elections can only aggravate the Democratic Republic of Congo’s humanitarian plight. To Westerners remote from danger, the conflict also emphasizes the precarious nature of critical minerals necessary to modern society.

DRC’s worsening instability heightens critical minerals concern

(Map: U.S. Central Intelligence Agency)

Rich in copper, gold and diamonds, as well as critical metals including cobalt, tin, tantalum and niobium, the country typically chooses governments through coup, rebellion or sham elections. Current president Joseph Kabila has ruled unconstitutionally since December 2016, when his mandate ended. He belatedly scheduled an election for December 23, then pushed it back a week, citing the destruction of ballots in a warehouse fire. On December 26 the government announced voting in the northeastern region would be postponed until March.

The additional delay sparked violent protests in a month that’s already experienced over a hundred deaths in ethnic warfare, as well as battles between police and protesters.

The government blamed its latest postponement on the northeastern region’s Ebola epidemic, the second-worst outbreak in history, the DRC’s tenth since 1976 and the country’s second this year. The previous epidemic, which killed dozens in the west-central province of Equateur, officially ended in July. Confidence in the excuse given for the latest voting delay wasn’t helped by the fact that the health ministry officially recognized the current epidemic on August 1.

Responsible for hundreds of deaths so far, this outbreak takes place amid violence targeting aid workers as well as the local population. Like other parts of the country, the region has dozens of military groups fighting government forces for control, and each other over ethnic rivalries and natural resources. The natural resources can be mined, often with forced labour, to fund more bloodshed.

In 2017 the DRC supplied about 58% of the world’s cobalt, 34.5% of tin and 28.5% of tantalum, the U.S. Geological Survey reports. Both a critical and conflict metal, DRC tantalum presents an especially troubling example for the often unknown origins of its supply. Neighbouring Rwanda, another strife-torn source of conflict minerals, supplied 30% of 2017 global tantalum supply.

Katanga’s failure to disclose the risks related to the nature and extent of its reliance on the Gertler Associates is unacceptable. Investors cannot be given anything short of accurate and truthful disclosure.—Jeff Kehoe,
director of enforcement,
Ontario Securities Commission

Some of the major companies operating in the DRC have failed to rise above the country’s endemic problems. In mid-December Glencore subsidiary Katanga Mining TSX:KAT and its officers agreed to pay the Ontario Securities Commission a settlement, penalties and costs totalling $36.25 million for a number of infractions between 2012 and 2017.

The OSC said Katanga seriously overstated copper production and inventories, and also failed to disclose the material risk of DRC corruption including “the nature and extent of Katanga’s reliance on individuals and entities associated with Dan Gertler, Gertler’s close relationship with Joseph Kabila, the president of the DRC, and allegations of Gertler’s possible involvement in corrupt activities in the DRC.”

A member of a prominent Israeli family of diamond merchants, Gertler has been said to act as a middleman between Kabila and mining companies operating in the DRC. Kabila and his family hold interests in over 80 companies and businesses, according to a 2017 study by New York University’s Congo Research Group and the Pulitzer Center on Crisis Reporting.

Diamond Joe Gutnick and His Sister – $1 is Not A Fair Market Value Exchange for $174M?

Court scraps Gutnick’s deal to sell $174 million mine to sister for $1

Former bankrupt mining tycoon Joseph Gutnick has suffered another setback in his turbulent career after a court tore up a deal to spirit away a mining project worth as much as $174 million from creditors to one of his companies by selling it to his sister for $1.

Liquidators to Legend International chalked up a major win for the mining exploration group against its once mining magnate director Mr Gutnick in the Supreme Court of Victoria late last week.

Joseph Gutnick declared himself bankrupt in July 2016.
Joseph Gutnick declared himself bankrupt in July 2016. CREDIT:JESSE MARLOW

The corporate regulator is also believed to be reviewing the matter, and it could lead to regulatory action against the former Melbourne Football Club president.

Late last week, Associate Justice Rodney Randall found the sale of Legend International’s ownership in a potentially lucrative mining project in North Queensland to a company operated by Mr Gutnick’s Sydney-based sister Pnina Feldman and nephew Shalom Feldman “uncommercial”, “insolvent” and “voidable”.

Mrs Feldman, the wife of Bondi’s Yeshiva Centre leader Rabbi Pinchus Feldman, famously took her brother to court in 2003 over a separate loan disagreement.

Pnina Feldman leaving a separate court case with her husband Rabbi Pinchus Feldman that also featured her brother Joseph Gutnick as a defendant.
Pnina Feldman leaving a separate court case with her husband Rabbi Pinchus Feldman that also featured her brother Joseph Gutnick as a defendant. CREDIT:SYDNEY MORNING HERALD

The recent court case brought by liquidators to Legend was part of a wider complex dispute between Mr Gutnick, Legend and the multi-billion dollar company that signed a deal with Legend, the Indian Farmers Fertiliser Cooperative (IFFCO).

The legal battle sparked Mr Gutnick’s shock bankruptcy in June 2016 and led to Mark Korda and Craig Shepherd from KordaMentha acting as liquidators to Legend International that month.

Mr Gutnick was discharged from his bankruptcy in June this year after striking a sweetheart deal with his trustees in bankruptcy to clear his $175 million in debt for less than one cent in the dollar.

Mr Gutnick and Legend’s dispute with IFFCO links back 2008 when Legend inked a $103 million contract with IFFCO to supply phosphate to IFFCO.

Under the deal, IFFCO was to invest the $103 million over two years through shares and options in Legend International Holdings.

An aerial view of Mount Isa. Legend International owned 100 per cent of shares in Paradise Phosphate which owns a major deposit outside of Mount Isa.
An aerial view of Mount Isa. Legend International owned 100 per cent of shares in Paradise Phosphate which owns a major deposit outside of Mount Isa.

However, the deal fell apart when Legend failed to deliver any phosphate, a key ingredient in fertiliser.

In 2015, IFFCO later sought to recoup its investments by suing Legend and Mr Gutnick in Singapore and later in Australia.

The legal stoush culminated in the Supreme Court of Victoria finding on December 21, 2015 that IFFCO was owed more than $80 million by Legend and Mr Gutnick.

But four weeks before Supreme Court of Victoria handed down its decision in IFFCO’s case, Legend executed a new deal that transferred Legend’s main assets – its 100 per cent ownership of one-time ASX hopeful Paradise Phosphate – to entities linked to the Gutnick family. This included a company Queensland Phosphate, that was set up a week earlier.

Queensland Phosphate appointed a receiver over Paradise a few months later when Mr Gutnick lost his appeal. That receiver, Christopher Palmer of O’Brien Palmer, then sold Paradise’s assets to Queensland Phosphate for $1.

Associate Justice Randall is expected to hand down orders that the asset be transferred to liquidators acting on behalf of creditors to Legend in early January.

As a result of the Gutnicks losing the case, Australia’s largest phosphate deposit is expected to come up for sale early next year. Maverick MP Bob Katter testified during the trial that he planned to assist the funding of the development of the mine in Mount Isa.

More Dan Gertler and Glencore – WSJ

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LostMessiah – The Gertler, Fleurette, Katumba, Glencore…. Reported Long Ago

To our faithful readers and to the journalists and law enforcement who read our pages: 

We uncovered the abuses portrayed long ago. For a look into our investigations into Dan Gertler, Fleurette,  the death of Katumba, Glencore, the various violations and other unsavory practices, please go into our search bar and search the names. We reported about these issues nearly 2 years ago.

LM

Glencore-Controlled Miner to Be Fined by Canadian Authorities Over Congo Ops

Regulator expected to allege Katanga Mining hid risks of doing business with Israeli diamond merchant closely linked to Congolese President Joseph Kabila

Glencore GLNCY -3.44% PLC-controlled mining company and some of its current and former directors and executives have agreed to pay more than $22 million to settle Canadian allegations that they hid the risks of doing business with a controversial Israeli businessman closely linked to Congolese President Joseph Kabila, according to a person familiar with the matter.

The expected settlement between the Ontario Securities Commission, Canada’s biggest stock-market regulator, and Toronto-listed Katanga Mining Ltd. KAT -1.56% is related to the company’s business activities in Congo between 2014 and 2016, the person said.

The regulator is expected to name several of Katanga’s current and former executives and directors in the settlement and will focus, at least in part, on Katanga’s longstanding ties with Dan Gertler, the Israeli businessman who first invested in Katanga alongside Glencore in 2008, the person said.

The OSC is also expected to allege that Katanga lacked proper internal financial controls, leading it to overstate copper production and understate mining costs, potentially inflating the miner’s performance, according to the person familiar with the matter.

Glencore owns about 86% of Katanga. In 2017, Glencore purchased Mr. Gertler’s stakes in Katanga and another giant copper mine in Congo.

The settlement is expected to name Glencore’s former representatives on Katanga’s board, according to this person. Those individuals include Aristotelis Mistakidis, one of Glencore’s most senior executives and two other Glencore executives, Liam Gallagher and Tim Henderson. All three stepped down from the board in November 2017 after Glencore and Katanga confirmed the Canadian investigation. The probe was first reported by The Wall Street Journal.

Katanga said at the time it was shuffling the board to address weaknesses in its controls over financial reporting. Earlier this month, Glencore said Mr. Mistakidis would retire at year-end.

Katanga and the named individuals have agreed to jointly pay a fine of more than 30 million Canadian dollars ($22 million) to settle the allegations, according to the person.

The people named in the OSC settlement will be banned for certain periods of time from acting as a director or officer of a publicly traded company listed in Ontario, the person said.

The settlement is expected to be announced as early as this week. A panel of the OSC must approve any settlement agreement at a public hearing for it to take effect.

It’s unclear whether Katanga and the individuals admit to wrongdoing in the settlement.

Katanga Chief Executive Johnny Blizzard has also agreed to resign as part of the settlement, the person said.

Katanga’s settlement represents another reputational hit for Glencore and its operations in Africa. In July, the London-listed mining giant said it had received a subpoena from the U.S. Justice Department demanding records related to its compliance with American antibribery and money-laundering laws in Congo, Nigeria and Venezuela.

The Wall Street Journal reported that a focus of the probe is Glencore’s ties to Mr. Gertler.

Mr. Gertler in recent years has become a lightning rod for controversy. In 2016, he was a central figure in a $412 million settlement between the U.S. Justice Department and the Securities and Exchange Commission with New York hedge fund Och-Ziff Capital Management Group LLC. A businessman people familiar with the matter said is Mr. Gertler paid more than $100 million in bribes to Congolese government officials, including Mr. Kabila, to get beneficial terms for deals in the Central African country, the DOJ and SEC alleged.

A spokesman for Fleurette Group, Mr. Gertler’s main company in Congo, said it “has always acted appropriately and with integrity in the DRC. Nothing has ever been proven against the company or its executives in a court of law.”

A year ago the U.S. Treasury Department sanctioned Mr. Gertler, alleging he traded on a friendship with Mr. Kabila to amass a fortune through “opaque and corrupt” deals on behalf of multinational companies seeking to do business in Congo. Mr. Gertler has denied wrongdoing and has declined to comment on the Treasury allegations and Justice Department investigation.

The OSC is expected to allege that Katanga breached Canadian securities law by not disclosing the risks it faced by relying on Mr. Gertler to maintain relationships with Mr. Kabila, Congo’s president, according to the person familiar with the matter.

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Canadian regulator to fine Glencore-controlled miner over Congo: WSJ — peoples trust toronto

https://ift.tt/2GhMlTr December 16, 2018 (Reuters) – A Glencore PLC-controlled mining company and some of its current and former executives have agreed to pay more than $22 million to settle Canadian allegations they hid the risks of doing business with an Israeli man close to Congolese President Joseph Kabila, the Wall Street Journal reported on Sunday. […]

via Canadian regulator to fine Glencore-controlled miner over Congo: WSJ — peoples trust toronto

 

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