Consistent with the purpose of this blog, only PUBLIC DOMAIN information is used in this section. There is a fair amount of direct "public" discussion regarding the BTU group of companies (mostly through affidavits filed in support of certain Motions in Massachusetts state courts as well as US Federal courts.) All the declarations in the following affidavits have been made by the OWNERS of "BTU" under oath in Massachusetts courts. It goes without saying that the owners would be the best informed parties to describe the business they developed and continue to run.
Link: Wael Al-Mazeedi Affidavit - March 17, 2008 (1st Al-Mazeedi Affidavit)
Link: Wael Al-Mazeedi Supplemental Affidavit - April 17, 2008 (2nd Al-Mazeedi Affidavit)
Link: Wael Al-Mazeedi Affidavit - August 11, 2008 (3rd Al-Mazeedi Affidavit)
Link: Kenny Leung Email to BTU and Draft Letter to Evolvence (Exhibit 4 referenced in 1st Al-Mazeedi Affidavit, Page 12, Section 30(d).
One question to ask after reading these affidavits, why does a $1 billion venture capital fund 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."
