smiling face

At a prominent intersection near the border of Richmond Hill and South Ozone Park, his smiling face looked down from a large billboard that promoted his real estate services. Many residents responded, taking out high-risk mortgages that they were told they could readily afford.

In July, it all came crashing down. Agents from the Federal Bureau of Investigation arrested Mr. Ahmad, charging him with masterminding a $50 million mortgage fraud that seemed to exemplify a nationwide phenomenon of celebrated immigrant brokers who were accused of preying on their own.

Now, scores, if not hundreds, of Guyanese immigrants are facing financial ruin because of loans said to have been arranged by Mr. Ahmad, and the repercussions from the case have extended from Queens to Washington to Guyana.

Mr. Ahmad is currently engaged in intensive plea-bargain negotiations with federal prosecutors, according to court documents, but it appears that the impact of the loans will endure for years. Richmond Hill has been hit harder by the foreclosure crisis than most other neighborhoods in the city, officials and analysts said.

Mr. Ahmad’s case has also ensnared two politicians whom he considered friends: United States Representative Gregory W. Meeks, a Queens Democrat, and John L. Sampson of Brooklyn, the Democratic leader of the State Senate.

A House ethics panel is investigating Mr. Meeks for failing to disclose that he received $40,000 from Mr. Ahmad. Mr. Sampson worked as Mr. Ahmad’s lawyer and was disciplined by the New York secretary of state for notarizing a document for Mr. Ahmad without a license.

Guyana is a small nation bordering Venezuela where the largest ethnic group is of Indian descent. After Mr. Ahmad’s arrest, the ruling party in Guyana had to explain why his contact information appeared on a flier promoting a fund-raising dinner with the president at the time, Bharrat Jagdeo; the party said Mr. Ahmad was a friend of Mr. Jagdeo’s, but not a campaign donor.

Mr. Ahmad, 44, is charged with luring buyers into subprime mortgages, inflating the values of their properties and concealing his involvement by using straw buyers, like his wife and the Guyanese-born captain of the United States cricket team, Steve Massiah.

Mr. Ahmad pleaded not guilty and posted $2.5 million in bail in July. Reached by telephone recently, he would not comment.

Since 2009, more foreclosures have been filed in Queens than in any other borough, according to the Neighborhood Economic Development Advocacy Project. Five of the hardest hit ZIP codes in Queens are within a 15-minute drive of the office of Mr. Ahmad, who community leaders say once held about 75 percent of local real estate listings.

Paban Saha and Syed Husain, friends and former business partners, said they contacted him in 2006 after seeing his newspaper advertisements. They said he earned their confidence at their first meeting, when they watched him write a check to a charity.

“He set up an atmosphere where you forgot about everything,” Mr. Husain, 56, said.

Mr. Ahmad and one of his brokers offered Mr. Husain and Mr. Saha a three-family house for $880,000 but warned of another bid, Mr. Husain said. Mr. Ahmad demanded that they close within a week, insisting they use his lawyer, his appraiser and his mortgage officer, who pushed to finance 95 percent of their home at a 12.5 percent rate, Mr. Saha and Mr. Husain said.

Within two years, their finances were devastated, they said. The property was on the brink of foreclosure, the souvenir store that their families owned together went bankrupt, and they depleted savings they had accumulated since emigrating from Bangladesh in the 1990s.

“You can only imagine two households trying to keep one property afloat,” said Mr. Husain, who has filed a civil lawsuit against Mr. Ahmad. “It sucked everything dry.”

Some Guyanese people, describing their foreclosures linked to Mr. Ahmad’s services, said they were so terrified by his powerful ties that they did not want their names publicized. One man said that at times he felt suicidal.

“I don’t even trust myself to make decisions anymore,” he said. “I’ve lost everything.”

Housing experts say these cases have cropped up in immigrant enclaves across the United States, often because immigrants can be too trusting of business leaders from their own communities who hold themselves up as examples of classic American success stories.

In September, a Bolivian-born woman became the third member of her family in San Francisco to be charged with defrauding Latino immigrants in a multimillion-dollar mortgage scheme.

Los Angeles’s Thai community was victimized, community leaders said, by a prominent loan officer who cheated so many immigrants that after he came under scrutiny, he fled to Thailand.

Vijai Singh contributed reporting.Vijai Singh contributed reporting.

Article source: http://www.nytimes.com/2012/01/09/nyregion/edul-ahmad-accused-of-defrauding-guyanese-immigrants.html?partner=rss&emc=rss

Those days are long gone for most carriers. But some long-haul airlines are betting that service that harks back to the glory days of flying will give them an edge.

Emirates Airline is one of them. The airline, one of the fastest growing carriers in the world, plays a crucial role in making Dubai the center of a network that links the West and the East. It is using the image of an Emirates flight attendant — her smiling face beneath the signature red hat — on its Web site, on advertisements and even on duty-free shopping bags to make the point, as one airline executive put it, that the service provided by Emirates is of “the utmost significance.”

“It is what we are judged on more than anything else,” said the executive, Terry Daly, a senior vice president at the airline.

Shashank Nigam, chief executive of SimpliFlying, which provides branding advice to airlines and airports, said in an e-mail that delivering a level of cabin service and high product quality “gives Emirates a sustainable competitive advantage.” He added, “For an airline providing mainly long-haul flights, the in-flight experience becomes supremely important.”

Emirates is one of a half dozen airlines, including Virgin Atlantic and Singapore, that cultivate an elegant image for their cabin crew. Because Emirates is growing so quickly, it is in constant need of more flight attendants.

So far, it has had little trouble recruiting them from around the world. “It’s a fun, glamorous job,” said Nicole Domett, chief executive of Travel Careers and Training in Auckland, New Zealand, who has sent a few students to Emirates. “For those who have that confidence and thrill of adventure, I mean, wow, it’s really exciting.”

Mona Issa, for instance, was a doctor in Egypt before joining Emirates. “The way people look at you when you say, ‘I work for Emirates,’ ” she said, “It’s magic. Everyone will treat you with respect.”

Blake Celestino just joined the airline from Australia, while Maurine Moraa of Kenya decided to quit her job working for a nongovernmental organization to fly for Emirates. The job has also been a safety net for people like Mohamed Jaber, a 31-year-old American who was laid off from JPMorgan Chase in the economic downturn.

Newly hired cabin attendants have just over a month to earn an international safety certificate while learning how to apply makeup flawlessly and turn an airplane trolley into an attractive display of duty-free products.

To accommodate the 60 to 120 recruits who arrive each week, the training center runs 16 hours a day. For the first few days, students just get acclimated to the blazing heat and ubiquitous sand. They live in an apartment complex in an area of Dubai where camels graze near the parking lots. Catherine Baird, the senior vice president for cabin crew training, said that when the trainees see the camels, it sinks in that they are a long way from home.

Ms. Baird is equal parts cheerleader and mother superior. “We know you can do this job,” she tells them at a morning assembly shortly after they arrive, “because you are brilliant.” But she is also tough, if, for instance, she sees a student in uniform with her long hair loose.

“We don’t want anything to be too distracting from the hat, from the logo,” said a training manager, Helen Roxburgh, of the signature hat with the silky cream-colored scarf that is evocative of the Arabic veil.

Article source: http://feeds.nytimes.com/click.phdo?i=da10b94b742212f1c6005f7696b95d24

Edul Ahmad Accused of Defrauding Guyanese Immigrants

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