Banks & Banking

‘Everything I have done has always been above board,’ former mortgage lender tells fraud trial Omar Kalair faces numerous charges, including fraud, theft and laundering the proceeds of crime

(CBC) A man accused of misappropriating millions of dollars after his Shariah mortgage lending company went into receivership testified in his own defence in a Toronto courtroom, saying everything he’s done has always been “above board.” Omar Kalair, the former president and […]

Banks & Banking

Homeowner testifies at trial of 2 men accused of defrauding Shariah mortgage holders Defence is trying to demonstrate homeowners were credited for payments they made

(CBC) The trial of two men accused of defrauding homeowners who had taken out “Shariah-compliant” mortgages heard Thursday from one of the mortgage holders, who admitted under defence cross-examination that he and his wife eventually got credited for their payments. Omar Kalair […]

Banks & Banking

Paypal halts services for UK charity with alleged ties to terrorism The termination of Paypal's service for War on Want means that people who choose to donate to the organization can no longer do so through PayPal.

(Jerusalem Post) PayPal stopped providing services to War on Want, a UN NGO, after UK Lawyers for Israel, a pro-Israel consortium of lawyers, provided evidence to PayPal claiming to show that the charity had ties with terrorist organizations. UK Lawyers for Israel […]

Banks & Banking

2 men defrauded Shariah-compliant mortgage-holders of millions of dollars, crown tells trial Omar Kalair pocketed money from his mortgage company before it went bankrupt, crown alleges

(CBC) The trial of two men charged with defrauding Muslim homeowners got underway in Toronto courtroom this week with the crown accusing the defendants of bilking their clients of millions of dollars. Omar Kalair and co-accused Yusuf Panchbhaya are standing trial in […]

Banks & Banking

PayPal shuts German NGO account with links to Palestinian terrorists PayPal also closed the accounts of five pro-BDS organizations in France since January.

(Jerusalem Post) The US online payment service PayPal has closed the account of the Germany-based NGO International Alliance — an organization that sympathizes with the Popular Front for the Liberation of Palestine terrorist organization and supports boycotting Israel. The Jerusalem Post launched […]