$90B Humanitarian Fund A Sham, Ex-Im Co. Head Says

Law360, Los Angeles (July 19, 2013, 9:48 PM ET) -- Dumas International Ltd. and its managing partner were hit with a lawsuit in New York federal court Friday by the president of an export-import business and another investor who say the Dumas team defrauded them of $10 billion and tried to dupe them out of $80 billion more meant for global humanitarian projects.

Kingsley Enterprises NY Inc. President Pir Mumtaz Khan and board member Lorenzo Palazzolo claim that McElroy induced them to invest $90 billion in funds controlled by Malaysian investor Sumadi bin Wardi in Kingsley/Dumas LLC,...
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