‘Wolf of Wall Street’ falls for ‘fraud’ in Egypt

Jordan Belfort is known for his stock market schemes in the US during the late 1990s. (Reuters)
Updated 12 December 2017
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‘Wolf of Wall Street’ falls for ‘fraud’ in Egypt

LONDON: “Wolf of Wall Street” author Jordan Belfort said an event in Cairo at which he was scheduled to speak later this month turned out to be a “fraud.”
The famous motivational speaker, who is known for his stock market schemes in the US during the late 1990s, said he was set to speak at Cairo Stadium in mid-December, but the event turned out to be a “total fraud.”
“The promoter has disappeared without paying my speaking fee or booking my travel,” Belfort said in a post published on his official Facebook page on Saturday.
He warned his fans, stressing that if anyone had bought tickets, they must track the promoter down and get a refund.
“If the promoter won’t give you one, you should call the local police and get this guy arrested,” he said.
Belfort was set to appear with other main speakers at the event called Rise of the Entrepreneurs, which was widely promoted in Cairo, Egypt daily Ahram Online reported. A post appeared on Sunday saying that the event was canceled and that all tickets would be refunded, but no further details were given.
Sameh Abdel Moneim Galal, a self-proclaimed entrepreneur and CEO of The Target Academy, reportedly organized the event.


Deutsche Bank appoints Riyadh GM

Updated 18 September 2018
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Deutsche Bank appoints Riyadh GM

  • German banking titan expects more deal flow from Kingdom
  • Deutsche Bank established base in Saudi Arabia in 2006

LONDON: Deutsche Bank has appointed Mohammed Alajmi as general manager of Deutsche Bank Riyadh Branch in Saudi Arabia.
He will have oversight of the bank’s business regulated by the Saudi Arabian Monetary Authority (SAMA), Deutsche Bank said in a statement.
The German banking giant originally established its Riyadh branch in 2006.
Alajmi joined Deutsche Bank in 2012 after more than a decade of working at local financial institutions in the Kingdom.
He was appointed chief operating officer in June 2015 overseeing the bank’s activities across all businesses and infrastructure functions.
The group expects to boost regional hiring this year, driven by expected corporate bond sales and initial public offerings, Bloomberg reported in February.