Tuesday, February 14, 2012

Update: The Perpetual BTU Revolving Door: Someone once asked Wael about personnel turnover at BTU... He said 15, maybe 20 people had worked there and left... we've found 103 so far.

Recently Confirmed
Alex Ucciferri, Controller, QGEN/BTU is no longer there
Faisal Khan, Chief XYZ Officer, QGEN/BTU is no longer there
[Note: No need to worry, as far as we know the Chief Investment Clown for QGEN Ltd. (TT) is still around and so is the TECHNOeconomic analysis guy (EM).  Both apparently are MIT alumni.]

In Mr. Ucciferri's case that must make him the 6th or 7th accounting head (that we know of) to go through the WAMo "people grinder".  Wonder who's going to be responsible for reconciling the accounts of dozens of offshore affiliates for WAM?  There's still only one source of cash... BTU Power Company dividends.

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A small company like "BTU" has only about a dozen employees in its offices on any given year.  You'd imagine that 100%, 200%, or 300% turnover in its history it would be a lot. We can document 100+ "employees"; some current, the vast majority former. We're certainly under-counting. Real number could probably be 50% larger. [Note: Some people have "worked" for Wael as independent contractors].

In any event, the "revolving" doors at BTU and QGEN are always spinning.

From Mr. Hayat's response to Wael's lawsuit against him in the Cayman Islands (referring specifically to Mr. Lincoln Rathnam's reasons for leaving BTU):
"As Mr. Mazeedi's behaviour became more selfish, erratic and of dubious propriety many of those who worked for or with the BTU Group felt it necessary to leave in their own interests."
From Mr. Hayat's original complaint against Wael filed in Massachusetts:
"After the initial investment into BTU Group, Al-Mazeedi began operating BTU Group so as to limit Hayat's and other employee involvement, regularly replacing officers and junior and senior staff, forcing the resignation of others who disagree with him..."
The "103"
1 Abdel-Halim , Tayseer
2 Aboud , Louis
3 Airi , Vikram
4 Al-Bader , Ramzi
5 Aldridge , Andrew
6 Alford , Bradley
7 Ali , Omar
8 Allaire , Timothy
9 Bassett , Stephanie
10 Batra , Raghubir
11 Bessrour , Walid
12 Betancourt , Martin
13 Bleveans , Lincoln
14 Boudnitskii , Amy Scott
15 Brunner , Nadia
16 Cain , Ian
17 Champion , Julie
18 Chin , Kenneth
19 Commodore , James
20 Corkum , Ann
21 Corleto , Todd
22 Cui , Xinli
23 D'Andrea , Christina
24 De Lorenzo , Yusuf Tala
25 De Meyere , Robert
26 Diehl , Naomi
27 Dillman , Brad
28 Donnigan , Bonnie
29 Donovan , Kevin
30 Dutta , Aurko
31 Early , Lily
32 Eidson , Bill
33 Engel , William
34 Fahey , Catherine
35 Ford , Kathryn
36 Fortun , Jay
37 Golden , Jonathan
38 Goody , Alycia
39 Graham , Stephanie
40 Gupta , Monica
41 Hage , Jawdat
42 Halawi , Majed
43 Hoey , Lorraine
44 Ibrahim , Laurence
45 Judelson , Dave
46 Kent , Geoffrey
47 Khan , Faisal
48 Kilker , Nancy
49 Kizlyk , Nikki
50 Kumar , Andrew
51 Le , Lo-An
52 Lee , Jackson
53 Leesakul , Pat
54 Leung , Kenneth
55 Louis , Debbie
56 Lyons , Andrea
57 Macheras , Jack
58 Mamalis , Megan
59 Mamedov , Emil
60 Mascioli , Judy
61 May , Katherine
62 Mellen , Erik
63 Miller , Eric
64 Murphy , Brian
65 Naoi , Akira
66 Nayed , Rafik
67 O'Connor , Jennifer
68 Oishi , Mai
69 Oyediran , Busola
70 Pentick , Trixie
71 Rathnam , Lincoln
72 Rickard , Maria
73 Rorabaugh , Dan
74 Ryan , Jim
75 Sadiq , Shana
76 Saiger , Jonathan
77 Samimi , Mariam
78 Sampson , Glenn
79 Savage , Teri
80 Schlotzhauer , Adele
81 Schmidt , Donald
82 Shu , Li
83 Skurdahl , Paul
84 Smart , Michelle
85 Spaull , Guy
86 St Germain , Lise
87 Stephens , Michael
88 Stephens , Christina
89 Sylvia , Barry
90 Taladiar , Arvin
91 Tesfamicael , Kabral
92 Thomas , Cris
93 Tiedemann , Henry
94 Toth , Tibor
95 Tothova , Timea
96 Uccifferri , Alex
97 Ventura , Anthony
98 Walimbe , Vinayak
99 Whipple , Judy
100 Wolfram , Jaqueline
101 Yamamoto , Yuki
102 Yuen , Margaret
103 Zaza , Deborah

24 comments:

Anonymous said...

Some of the people listed were consultants and not "employees" such as Judy, Barry, etc. Small point.
Missing:
Renu ? (who worked in A/P) she was cousin of the limo driver for Wael.

Limo driver for Wael

William ? (analyst, son of E&Y friend of WAM)

Arvin? (he worked in UAE, Phillipino who was on the BTU payroll for YEARS even though he did no work).

I think there were a couple of receptionist, thought these may have been temp workers.

There was a women who who the "document manager" for BTU. She was from New Orleans. Clashed with Christina because she was a take no BS person, she used to say that Wael was gonzo, deranged.

Anonymous said...

Funny story about this New Orleans woman. She bought file cabinets for BTU to store documents. She save money by buying USED ones, saved about $2,000. Wael went crazy. The cabinets, fire proof of course and expensive, had some small dents on them. Wael mentioned to her that she didn't know the "story" of how the cabinets got "hurt". They brought bad karma to BTU and had to go becuase they had a "troubled past".
Wael treated the cabinets as if they were a person, as if they brrought "their" troubled past to BTU.
Mitsue told her Wael never buys anything used, she had to work to have him buy a "used" house. Mitsue said that she can't by antiques because Wael doesn't know the "past" of the items and these could hold bad karma/vibes.
He didn't want to bring the large conference room table or chairs to "QGEN" because they would carry forward to QGEN the bad vibes from BTU.
Wael is a crazy man.

Anonymous said...

Mitsue is USED TOO! (She is the second wife!)

Anonymous said...

The house is old as shit. Easy access too.

Anonymous said...

Mr. Li Shu is missing from that list. He was a long time consultants.

Anonymous said...

IS THAT THE LIST THAT MR. BETANCOURT WILL CALL INTO COURT???

Anonymous said...

So many people fooled. At least they were not investors. Those poor bastards do have a chance in hell to see any money. They are better off showing up at the MIT Energy conference and get the Press to cover QGEN and the lies that are being told.

The fake "1 Billion Dollar" company.

Anonymous said...

I bet they are coming to Federal Court in a few weeks.

Anonymous said...

Christina Stephens is being followed and she doesn't know it.

Anonymous said...

Lo-An is being followed too and she doesn't know it.

Anonymous said...

The same person that followed former IT Manager Cris Thomas a few years ago. Just to keep an eye out for making sure...

Basically it is a big waste of money, but since it is the investors' money, who cares. The get what they invested in. I guess they have buying remorse.

SUCKERS!

cs

Anonymous said...

Welcome to the Board "cs"

Anonymous said...

How many of those people have "Engineering Degrees"? I want that list.

Real ones, not those that you can buy on the internet.

Anonymous said...

Probably the same people Almazeedi used to have me followed right before I was terminated. I wrote down their license plate numbers. No doubt all of this was arranged by his ever faithful servant, CS. No doubt Mr. FK will also be noticing cars that seem to be going to the same places he's going every single time...

WAM likes to keep everyone "close"...

from a former Sr. VP

Anonymous said...

Yeah, I also heard about Mr. Thomas being followed home every night for over a month. Who knows, maybe he was followed everywhere, not just home.

Anonymous said...

Murphy received that note that Mr. Betancourt "hand written note of the MA Plate number."

Anonymous said...

Jokers... only a loser would waste the money to follow people. I bet he didn't see this coming that ALL OF THEM will gladly appear in Federal Court.

Anonymous said...

It will be real funny to see this entire list of people show up in Federal Court.

Anonymous said...

How did Murphy receive that note? Where is it?

Anonymous said...

Ask him in court!

Anonymous said...

It makes sense for Alex U. and Faisal K. not to be around anymore. Wael is no dummy. If the middle east investors or Hayat make headway and manage to get "discovery" or "auditing" of BTU going... Wael can say that the people that had the most institutional knowledge are gone... In their place he will have hired recent college undergrads (if that) that can barely figure out how to get to work without getting lost....

In other words, play dumb, play for time, push off everything as far off into the future as you can. Wael doesn't need competent people. Wael just needs people that can "get in the way" of any auditors or discovery requests.

Anonymous said...

The Auditors will use the United States Federal Courts to do the AUDIT! They are FU*&ED soon.

-The Federal Court Reporter

Anonymous said...

Alex will be coming into Court soon. Get a nice tie Alex, you will need one.

Anonymous said...

Murphy will gladly testify for Mr. Betancourt. Give his lawyer a call / heads up, once the date is scheduled.

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