NY Post: Now Ahmad is being sued by two Queens brothers, immigrants from Bangladesh, who accuse him of predatory lending and fraud.
The men say they contacted Ahmad in 2006 about two neighboring homes for sale in Queens but claim he falsely told them that only one was available and that another buyer was ready to snatch it up, according to court papers.
Ahmad “demanded” a $20,000 deposit and told the men they had to close on the three-family property, built by Ahmad’s brother, within a week.
They were also told that they had to use Ahmad’s in-house mortgage broker and were advised against using their own lawyer, court papers say.
The men claim they realized too late that “they had been induced into an excessively priced mortgage.”
The suit alleges that the buyers’ incomes were falsified to make it appear as if they could afford the loan and that they were required to take out a mortgage for the entire $880,000 purchase price.
Read more: http://www.nypost.com/p/news/local/queens/pol_shady_moneyman_loan_wolf_ame8jgquFT57ZjWMH6nSgK#ixzz1TDodTH5t
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Ed Ahmad has financed the Sanjay businesses on sherrif street. The jewelry establishment on sherrif st and the mini mall in sabryanville (subs and salads, grill, cosmetic, etc.)
Posted by Pandit_G | July 27, 2011, 9:55 pmwe hope that the US government will crack down on all these frauds in guyana and put them on trial. they are raping guyana economy as well as those abroad. bharat jagdeo is connected to all these men and his visa should b revoked ! he is just like all of his close friends…. a fraud
Posted by watcher | March 13, 2012, 11:46 am