IOS Fraud Update!! Where does it Stop?
SEE BREAKING NEWS ARTICLE!
IOS FRAUD! BREAKING NEWS ALERT !!! IOS Becomes Cooperating Witness !
NEWS ALERT!!! IOS FRAUD UPDATE
As an update to our story
IOS FRAUD!!! 20 Year Look at COUPON FRAUD INVESTIGATIONS AND A LINK TO TERROR FUNDING
www.CRIMETALKAMERICA.COM
Our research discovers a connection to the IOS allegations from the New Jersey State Attorney’s General’s Office. Their investigation spanned from 1999 to 2003, yet indictments and guilty pleas were not affected until March of 2007. Justice takes years to be achieved. This is a continuation of the ongoing coupon fraud schemes that have spread across America since the late 1980’s. The participants have numerous connections to each other and/or use the same methods to defraud millions from American businesses each year. The suspects in this matter pled guilty. All with Middle Eastern community ties, some of the money traced leaving the U.S. and finding its way to the Middle East. What is it being used for? You decide!
New Jersey State Attorney General – Press Release
March 2, 2007
The New Jersey Office of the Attorney General, Department of Law & Public Safety announced that six North Bergen men and a Pennsylvania man pled guilty for their roles in the New Jersey based, multi-state coupon redemption fraud scheme which netted hundreds of thousands of dollars in illegal profits. * see press release
The New Jersey Attorney General’s press release says; “During the Guilty Plea Hearing, the defendants admitted that between 1999 and July 2004 they contracted at least 54 stores and/or retail outlets in New Jersey, New York, Pennsylvania and Maryland soliciting participants in a coupon redemption promotion which would purportedly qualify store owners to receive cash payments by redeeming manufacturers coupons.” It was further disclosed that the defendants would receive 50% of the checks the stores would redeem from the coupon clearinghouses. More than $580,000 was redeemed to the various store owners.
This New Jersey investigation apparently was coordinated with the FBI office of Wisconsin (The Link). On the surface this appears to be the first indictments in the IOS Coupon Fraud scheme. In that separate indictment officers of International Outsourcing Services and International Data Inc., both corporation owned by IOS, were indicted in a $250,000,000 coupon fraud that alleged an elaborate scheme of doctoring books, records, computer programs. The indictment named senior executives as to having knowledge and receiving financial benefit from the scheme.
The principles of the New Jersey coupon fraud guilty plea are identified as;
Shain Kayed, a.k.a. Mustafa
Rizek Kayed, a.k.a. Ricky
Mohamad Awadalla, a.k.a. Mike
Gazi Nasralla, a.k.a. Jino
Siyam Kayed a.k.a. Sammy
Belal Dalia
Ribbi Mustapha a.k.a. Ray (Philadelphia)
It is the opinion of www.CrimeTalkAmerica.com that these individuals are part of a conspiracy with store owners, clearinghouse representatives, money movers and launders. One can only assume from the limited information available as of this writing that the individual’s guilty plea to third degree theft may have been the opening doorway into the IOS investigation.
Where are the store owner participants in this story? They benefited from the scheme. Did they cooperate to avoid prosecution? Where is the recovery in this case? What are the financial penalties? Where does the recovery go?
The losers and victims in all these coupon fraud schemes are product consumers. We pay higher prices for goods at the grocery stores to cover the loss to manufacturers and the clearinghouses.
How is it possible that after almost 20 years of identifying the massive coupon fraud scheme, it continued to flourish? The schemes all have identical patterns of events; store enlistment, registration with clearinghouses, coupon availability (without the store owners ever submitting a coupon). The practice of clearinghouse payments without confirmation of store operations, verification of store gross sales, or even the owner’s sworn application submitted and forged by coupon fraudsters continues. These are common practices for the past 20 years to meet the criteria to successfully complete the fraud.
It takes numerous individuals in a scheme this size. More than those who register the stores. It requires coupons, cutters, packagers, account processors, banking or check transmittal companies. It’s deeper than just a coupon redeemer, a storefront or a coupon processor. It Takes a simple change to make these actions non available to the theifs.
It took the 1998 Senate Hearings, where Ben Jacobson presented details of three networks of coupon fraudsters. He presented documents, charts and copies of cancelled checks, shipping receipts and clearinghouse documents associated or affiliated with terror operations within the United States to bring attention to this national security problem.
The first information identified and reported to the FBI occurred three years before the first bombing of the World Trade center in 1993. Some of that North East group of coupon fraudsters were identified and eventually convicted of the bombing of the World Trade Center.
During that investigation, stores and activity in North Bergen County were identified as part of the coupon fraud ring. So some 20 years later, persons operating this scheme in North Bergen County, New Jersey were prosecuted and pled guilty. What took so long? How Much are the real losses?
The consumer has the right to expect that manufacturers which offer coupons for reduced pricing to entice the purchase of their products have an equal obligation to hold accountable not only the individuals fraudsters but the corporations and the businesses that are benefiting from the coupon fraud. Litigation, prosecution and seizure of assets, and/or forfeiture of profits are called for.
It’s not difficult to reduce some percentage of coupon fraud. However, if the money machine behind the coupon redemption business benefits from the inflated coupon redemption numbers, the consumer will continue to pay for these frauds, terror operatives and terror sympathizers will continue to benefit.
Is it time for a change in Processing Pattern, location registration, accountability, etc….
Tell us what you think!!!
IOS FRAUD! BREAKING NEWS ALERT !!! IOS Becomes Cooperating Witness !
NEWS ALERT!!! IOS FRAUD UPDATE
As an update to our story
IOS FRAUD!!! 20 Year Look at COUPON FRAUD INVESTIGATIONS AND A LINK TO TERROR FUNDING
www.CRIMETALKAMERICA.COM
Our research discovers a connection to the IOS allegations from the New Jersey State Attorney’s General’s Office. Their investigation spanned from 1999 to 2003, yet indictments and guilty pleas were not affected until March of 2007. Justice takes years to be achieved. This is a continuation of the ongoing coupon fraud schemes that have spread across America since the late 1980’s. The participants have numerous connections to each other and/or use the same methods to defraud millions from American businesses each year. The suspects in this matter pled guilty. All with Middle Eastern community ties, some of the money traced leaving the U.S. and finding its way to the Middle East. What is it being used for? You decide!
New Jersey State Attorney General – Press Release
March 2, 2007
The New Jersey Office of the Attorney General, Department of Law & Public Safety announced that six North Bergen men and a Pennsylvania man pled guilty for their roles in the New Jersey based, multi-state coupon redemption fraud scheme which netted hundreds of thousands of dollars in illegal profits. * see press release
The New Jersey Attorney General’s press release says; “During the Guilty Plea Hearing, the defendants admitted that between 1999 and July 2004 they contracted at least 54 stores and/or retail outlets in New Jersey, New York, Pennsylvania and Maryland soliciting participants in a coupon redemption promotion which would purportedly qualify store owners to receive cash payments by redeeming manufacturers coupons.” It was further disclosed that the defendants would receive 50% of the checks the stores would redeem from the coupon clearinghouses. More than $580,000 was redeemed to the various store owners.
This New Jersey investigation apparently was coordinated with the FBI office of Wisconsin (The Link). On the surface this appears to be the first indictments in the IOS Coupon Fraud scheme. In that separate indictment officers of International Outsourcing Services and International Data Inc., both corporation owned by IOS, were indicted in a $250,000,000 coupon fraud that alleged an elaborate scheme of doctoring books, records, computer programs. The indictment named senior executives as to having knowledge and receiving financial benefit from the scheme.
The principles of the New Jersey coupon fraud guilty plea are identified as;
Shain Kayed, a.k.a. Mustafa
Rizek Kayed, a.k.a. Ricky
Mohamad Awadalla, a.k.a. Mike
Gazi Nasralla, a.k.a. Jino
Siyam Kayed a.k.a. Sammy
Belal Dalia
Ribbi Mustapha a.k.a. Ray (Philadelphia)
It is the opinion of www.CrimeTalkAmerica.com that these individuals are part of a conspiracy with store owners, clearinghouse representatives, money movers and launders. One can only assume from the limited information available as of this writing that the individual’s guilty plea to third degree theft may have been the opening doorway into the IOS investigation.
Where are the store owner participants in this story? They benefited from the scheme. Did they cooperate to avoid prosecution? Where is the recovery in this case? What are the financial penalties? Where does the recovery go?
The losers and victims in all these coupon fraud schemes are product consumers. We pay higher prices for goods at the grocery stores to cover the loss to manufacturers and the clearinghouses.
How is it possible that after almost 20 years of identifying the massive coupon fraud scheme, it continued to flourish? The schemes all have identical patterns of events; store enlistment, registration with clearinghouses, coupon availability (without the store owners ever submitting a coupon). The practice of clearinghouse payments without confirmation of store operations, verification of store gross sales, or even the owner’s sworn application submitted and forged by coupon fraudsters continues. These are common practices for the past 20 years to meet the criteria to successfully complete the fraud.
It takes numerous individuals in a scheme this size. More than those who register the stores. It requires coupons, cutters, packagers, account processors, banking or check transmittal companies. It’s deeper than just a coupon redeemer, a storefront or a coupon processor. It Takes a simple change to make these actions non available to the theifs.
It took the 1998 Senate Hearings, where Ben Jacobson presented details of three networks of coupon fraudsters. He presented documents, charts and copies of cancelled checks, shipping receipts and clearinghouse documents associated or affiliated with terror operations within the United States to bring attention to this national security problem.
The first information identified and reported to the FBI occurred three years before the first bombing of the World Trade center in 1993. Some of that North East group of coupon fraudsters were identified and eventually convicted of the bombing of the World Trade Center.
During that investigation, stores and activity in North Bergen County were identified as part of the coupon fraud ring. So some 20 years later, persons operating this scheme in North Bergen County, New Jersey were prosecuted and pled guilty. What took so long? How Much are the real losses?
The consumer has the right to expect that manufacturers which offer coupons for reduced pricing to entice the purchase of their products have an equal obligation to hold accountable not only the individuals fraudsters but the corporations and the businesses that are benefiting from the coupon fraud. Litigation, prosecution and seizure of assets, and/or forfeiture of profits are called for.
It’s not difficult to reduce some percentage of coupon fraud. However, if the money machine behind the coupon redemption business benefits from the inflated coupon redemption numbers, the consumer will continue to pay for these frauds, terror operatives and terror sympathizers will continue to benefit.
Is it time for a change in Processing Pattern, location registration, accountability, etc….
Tell us what you think!!!
Labels: Coupon Fraud
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