View Full Version : Caught Ripping Off Investors? No Problem. Just Flee To Israel!

Wednesday, August 10th, 2005, 11:00 PM
Portus Alternative Asset Management, a Canadian hedge fund whose co-founder is being investigated for fraud, didn't invest about $52.8 million that it received from customers and about $17.6 million is missing, KPMG LLP said in a court filing.

KPMG, the world's fourth-biggest accounting firm, was appointed the fund's receiver by the Ontario Superior Court at the request of the Ontario Securities Commission. The OSC sued Portus over questionable transactions and seized all of its assets in March.

Portus co-founder Boaz Manor, who fled to Israel after the hedge fund assets were seized, misappropriated investment funds using offshore accounts, including $2.5 million that was transferred to a bank account in Milan and $700,000 that was paid to Manor's lawyer in Israel, KPMG said. The accounting firm has asked an Ontario judge to order that the money be returned.

Source: http://www.bloomberg.com/apps/news?pid=10000082&sid=a_1CPFCpJ5vI&refer=canad (http://forums.skadi.net/redirector.php?url=http%3A%2F%2Fwww.bloo mberg.com%2Fapps%2Fnews%3Fpid%3D10000082 %26sid%3Da_1CPFCpJ5vI%26refer%3Dcanad)

Thursday, August 11th, 2005, 11:15 AM
But of course. He's been a very good jew. Why shouldn't they protect their rolemodels. He'll probably get a tuition in one of their universities, teaching jewlings how to get their hands in goyim wallets.