Everybody should hope to have such "Good Fortune"
Good Fortune International Limited (Caymans).... fantastically appropriate name! $8 million for??? Claims from various parties state that Almazeedi was paid $8 million for ??? "services" under this agreement.- This document was filed in the IFIC litigation.
- [Note: It's worth reiterating that the IFIC litigation was dismissed on the basis of forum non conveniens, not on the basis of the FACTS.]
- This document and the actions surrounding it are also at the heart of the Hayat litigation.
- During the course of his employment with BTU, Betancourt detected apparent criminal fraud by his employer, and, as a whistleblower, shared documents evidencing same to counsel for a group of investors who were suing BTU. [from Betancourt's Memorandum of Law in Opposition to Motion to Dismiss Counterclaims/Third Party Complaint]
The lawyers representing the plaintiffs in the IFIC litigation described the agreement as follows:
"...Plaintiffs received an envelope bearing the name of 'Minter Ellison,' a law firm located in the Asian Pacific; the annotation 'Hong Kong' presumably referring to Minter Ellison's Hong Kong office; and a Boston Massachusetts postmark. The envelope did not contain a cover letter clarifying the origin of the mailing or the intent of the sender. Instead, it enclosed a copy of an Advisory Services Agreement ("Agreement") memorializing the $8 million kickback paid to Industries and "loaned" to Ventures.
"The Agreement requires no tangible or enforceable action of Industries or Ventures, providing Industries with $8 million in exchange for illusory promises."
link: Second Affidavit of Joshua W. Gardner
link: Good Fortune International Limited - Advisory Services Agreement
Observation
This is probably an incorrect recollection: A saying or maxim states something to the effect that "...someone's good fortune is someone else's misfortune..."
