Global News Journal

Beyond the World news headlines

Trust in Lebanese financier shakes Hezbollah’s image

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By Yara Bayoumy

The case of Salah Ezz el-Din, a Shi’ite Lebanese financier who has been accused of embezzlement and alleged to have defrauded Shi’ite investors, including Hezbollah officials, of hundreds of millions of dollars, has Lebanon in a stir.

The overall amount pales in comparison to Bernard Madoff’s Ponzi scheme, but in a community of little more than a million Shi’ites, it has meant that many have had their life-savings wiped out.

But what’s more shocking than the amount is the overwhelming trust that his investors still have in him. That is, no doubt, due to Hezbollah’s approval of him.

There are even some Hezbollah officials who invested with him, although the group’s leader Sayyed Hassan Nasrallah has denied any direct links with Ezz el-Din.

Who’s behind those Nigerian email scams?

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– Eamon Kircher-Allen writes for the GlobalPost, where this article first appeared. –

Remember that Nigerian prince who contacted you a few months back, saying he’d pay you to help transfer his inheritance to the United States?

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