Sunday, February 08, 2009

Arrested Pasco Lawyer Leaves a Trail of Odd Business Deals, Cole links to Ponzi Scammer Brian Anderson Who Links to Terror Arrest of Abdul Alishtari.

By William R. Levesque, St Pete Times Staff WriterIn Print: Sunday, February 8, 2009; Dennis Dale Cole's business career will end ingloriously when he is sentenced in May to as many as 20 years in prison for fraud.
Cole, 60, a former lawyer who once had a Clearwater office and now lives in the Pasco community of Trinity, is little known in his Tampa Bay home.Yet Cole has left a trail of often bewildering and eccentric business deals that ended with him acknowledging his part in a $2 million investment scheme in Missouri and elsewhere, according to public records.

Cole, the son of ordained ministers, is a Yale graduate who earned a law degree from Indiana University.

His legal troubles began about 30 years ago. Indiana officials suspended his law license for mishandling an investment by a 95-year-old woman of questionable mental competency.

After he resumed practice in the years to follow, one of Cole's law partners was John Pistole, who is now the FBI's deputy director. He declined to talk about Cole. In 2005,
Cole and several others, including Canadian minister Brian Anderson, were sued by Nevada investors accusing them of a Ponzi scheme.

A Ponzi is a scam in which money from new investors pays older investors until it all collapses for lack of cash. The federal suit said Cole and Anderson participated in a "faith-based scam" targetingparishioners of charismatic Christian churches.

It wasn't long before federal marshals came knocking.
They arrested Cole at his Trinity home in 2006 and charged him with conspiracy to defraud. A Missouri grand jury had indicted Cole for a $2 million investment scheme with victims in that state and elsewhere. In the scam, prosecutors said, people investing $50,000 or more were promised returns of $1 million.In September 2006, Cole pleaded guilty to defrauding investors. He faces up to 20 years in prison at a May sentencing.Anderson, the minister, was not named in Cole's indictment. By the time of Cole's arrest, Anderson had fled to Europe, where he was arrested by Spanish police in March 2007.

In a separate indictment that does not mention Cole,
Anderson is accused in New York of a $14 million investment scam with victims across the country. Part of Anderson's mystery is that he was named in the same indictment as Mega Ponzi Scammer Abdul Tawala ibn ali Alishtari, nicknamed "the Sheik." From approximately 1998 through 2004, Alishtari committed a massive fraud in which he stole millions of dollars from his victims through the operation of a loan investment program he called the "Flat Electronic Data Interchange" ("FEDI"). FEDI was purportedly a high-yield investment scheme (Ponzi Scam), in which Alishtari falsely promised his investors that, in exchange for their investment, they would receive high, guaranteed rates of return, according to the DOJ indictment.

Federal prosecutors say Alishtari, a New York businessman, and Anderson defrauded investors together. But
Alishtari faces several charges that Anderson does not, including financing terrorism. Prosecutors say Alishtari tried to send $152,000 to a terrorist training camp in Afghanistan.

Anderson has pleaded guilty to a fraud charge, denying any terrorism link. Alishtari awaits trial. Cole, who is free on bail, had been expected to testify in Anderson's trial before the minister's plea. No documents in either of the court cases link Cole to Alishtari.

Sarasota private investigator Bill Warner, who has investigated Alishtari, said he has never come across Cole's name and didn't know why Cole would be testifying at Anderson's trial. "Cole's the mystery man," Warner said.

See Bill Warner's prior posts on "the Sheik", Tuesday, December 30, 2008, Abdul Tawala Ibn Ali Alishtari Arrested on Terror Finance Charge in 07, Scamed Scores with "FEDI" and Alishtari Produced Movies at Universal Studios in Orlando FLORIDA.

The FBI and NYPD arrested Abdul Tawala Ibn Ali Alishtari, a/k/a "Michael Mixon," on attempt charges of terrorism financing, material support of terrorism, and international money laundering, as well as additional charges of conspiracy and wire fraud in Feb 2007.

Alishtari, a 54-year-old resident of Ardsley, New York, facilitated the transfer of $152,000 with the intention that it be used in Afghanistan and Pakistan to help train terrorists.


Friday, December 26, 2008, Abdul Tawala Ibn Ali Alishtari New York Terror Finance Case, Abdul Alishtari links to Aqeel Khan in Orlando Fl and Masjid Al-Fatima in Queens NY.

Florida Foreign Profit Corporation.....GLOBALPROTECTOR.NET, INC. Date Filed...................................................07/15/2003
Principal Address..................... 1101 N. LAKE DESITINY RD MAITLAND Fl
Officer/Director Detail, Title CEO..ABDUL-TAWALA I ALISHTARI.
Officer/Director Detail, Title

Aqeel Khan of Queens NY and Abdul Tawala Ibn Ali Alishtari of
Ardsley, N.Y are business partners
in a Florida corporation,
GLOBALPROTECTOR.NET, INC,(orginally set up in New York State Division of Corporations) which appears to be a front company to launder money for FEDI which was also set up in Florida as a Foreign Corp., Aqeel Khan handled the cash he was the CFO.

U.S. ARRESTS WESTCHESTER MAN FOR TERRORISM FINANCING AND PERPETRATING MASSIVE INVESTMENT FRAUD; From approximately 1998 through 2004, Abdul Alishtari committed a massive fraud in which he stole millions of dollars from his victims through the operation of a loan investment program he called the "Flat Electronic Data Interchange" ("FEDI"). On July 5th 2000, Abdul Alishtari set up "FOREIGN OFFICE OF FEDI, INC with the New York State Division of Corporations.
NYS Dept of State Div. of Corporations FOREIGN OFFICE OF FEDI, INC. Current Entity Name:.GLOBALPROTECTOR.NET, INC. Initial DOS Filing Date:..JULY 05,2000..Address Information; GLOBAL PROTECTOR.NET, INC. SUITE 313, 5676-78 RIVERDALE AVENUE BRONX, NEW YORK, 10471 Registered Agent......NONE

Bill Warner
private investigator
WBI Inc private Detective Agency
Sarasota Fl