Tag Archives: Guyanese entrepreneur

Ed Ahmad’s Trial postponed to November 2012

Will Ed Ahmad’s Case Ever Get To Trial?

News Americas, NEW YORK, NY, Fri. May 25, 2012:

Edul “Ed” Ahmad

First May now November. That’s the new possible date set for the trial of Guyanese entrepreneur and real estate mogul, Edul ‘Ed’ Ahmad.

Ahmad, 44, was set to face a trial on May 21 for participating in a mortgage fraud scheme in which he and others fraudulently obtained more than $50 million in loans. Now it looks like he may have to wait until after Nov. 5th.

The self-made real estate magnate, who drove a yellow Lamborghini, hosted many events at his banquet hall and advertised prominently in Richmond Hill and South Ozone Park is charged with charged with one count of conspiracy to commit bank and wire fraud and 10 counts of bank fraud.  Continue reading

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