The "BTU" story, as narrated by the principals (owners).
One question to ask after reading these affidavits, why does a $1 billion venture capital fund (see postings and comments elsewhere in the related blog) need "loans" from one of its founding members, funded from a "consulting" agreement [see 1st Al-Mazeedi Affidavit, Paragraphs 27(a), 28, and 31(c-d)] and channeled through an offshore bank account in Monaco [see 3rd Al-Mazeedi Affidavit, Paragraph 13], to meet payroll or keep other BTU-affiliated companies (some of them US-based) from "liquidation?"
A compendium of information from PUBLIC DOMAIN sources providing additional perspective on the BTU group of companies (BTU Ventures, BTU Industries, QGEN and other affiliates) as well as their principals, Wael Al-Mazeedi and Mitsue Oishi. The BTU group of companies are headquartered in Waltham, Massachusetts and should not be confused with Peabody Energy (NYSE: BTU). QGEN should not be confused with Qiagen NV (NASDAQ: QGEN).
BTU Power Company (In Liquidation): CPC & TAPCO Investments
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