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Tuesday, July 21, 2009

No hurry... take your time....nobody will fly the coop

In late 2002 a team of FBI officers descended on the software design company of Ptech in Boston. Ptech were reportedly doing some military contractual work for the US Govt. The people reporting the story were careful to state that: "First, it's important to stress that no Ptech employees have been arrested, and authorities do not officially characterize the raid into the company's offices as a terrorism investigation. So the company, which has a number of Muslim employees, may well be innocent of any wrongdoing. But there have been some troubling questions raised about Ptech by its own employees and others close to the company. The story sounds like something out of a Tom Clancy novel on cybersnooping. Joe Bergantino is a reporter with the Boston CBS affiliate WBZ-TV. He's been working on the Ptech story for months, but he says he held off airing it at the request of federal investigators." Ptech being investigated in 2002 Now, after more than 6 years comes this news from the Boston Globe: alleged Sept.11 loan fraud Quote: Two former executives of a now defunct Quincy software company have been indicted for allegedly applying for loans to assist victims of the Sept. 11, 2001, terrorist attacks without disclosing to the lender that one of the firm’s major shareholders had been identified by the government as a terrorist, according to the US Attorney’s office in Boston. Federal officers arrested Buford George Peterson, former chief financial officer of Ptech Inc., at John F. Kennedy Airport in New York City yesterday shortly after he stepped off a plane from South Korea. A warrant has also been issued for the arrest of the company’s former chief executive, Oussama Abdul Ziade. Both men are accused of falsely representing their identities, making false statements to the Small Business Association, and making false statements to police after the Sept. 11, 2001, terrorist attacks. In 2002, they applied to the Small Business Association to obtain a $650,000 loan, saying they wanted the money to help small businesses struggling as a result of the terrorist attacks. The loan paperwork allegedly omitted the name of one of Ptech’s major shareholders, Yassin Kadi, as well as the name of his company, Sarmany Limited. Kadi had been designated as a global terrorist by the Bush administration, according to indictments unsealed yesterday. Unquote Something very fishy here. Check out the first link and you will get a whiff. Can we label these guys "terrorist abettors" or do we have to wait another 6 years?

1 comment:

  1. The premise of our legal system is innocent until proven guilty. Secondly, the first investigation showed that the innovative software contained no malware.

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