update: there is no business registered by the state of new york names ‘ahmad group’ or ‘ahmad group of companies’ which are the two names fraudster eddie uses the most for his rackets and he usually ads inc. which normally means your business is a registered corporation. no current records exist of these two entities. the only active business entity/corporation registered to ed ahmad with the state of new york that we’ve found is the ‘ed ahmad cup, inc. registered april 9, 2008
==
this is a brief post on some of the rackets [i.e businesses] this little fraudster is runch ing thanks to being a card carrying member of ppp crime family inc. edul ahmad also sits on the central executive committee of the Guyana East Indian Cocaine Council and as mentioned before, he’s a chartered member of the terrorist outfit association of concerned Guyanese.
as of now we have no details on ed ahmad gold exporting license. but we know he got one from the crime family. and he also exports logs from Guyana which is supposed to be a big no-no…more info & companies being updated. stay tuned
- ed ahmad building materials and appliances located in ppp crime family newspaper compound on mandela avenue
Company Name: Wholesale Building Suppliers, Inc. [details as advertised on alibaba & in typical eddie style this business name is not registered in the state of new york even though he lists his new york address]
Company Profile
Our main Showroom is located in Queens, New York, our beautiful 30, 000 sqft showroom have a variety of building hardware maily decorative. Main products includes bathroom sets, steamrooms, doors, windows, ceramic & granite tiles.
Basic Information
Business Type: Manufacturer, Distributor/Wholesaler
Product/Service (We Sell): Toilet Sets, Steam Rooms, Standup Shower, Exotic Woods, Hardwood, Hardwood Flooring, Greenheart, Purpleheart, Exotic Wood, Guyana
Address: 107-14 Liberty Ave
Number of Employees: 101 – 500 People
Company Website URL: http://www.wholsaledeco.com
Ownership & Capital
Year Established: 2002
Registered Capital: US$10 Million – US$50 Million
Ownership Type: Individual (Sole proprietorship)
Legal Representative/Business Owner: Ed Ahmad
Trade & Market
Main Markets:
North America, South America, Eastern Europe, Southeast Asia, Africa, Oceania, Mid East, Eastern Asia, Western Europe
Total Annual Sales Volume: US$2.5 Million – US$5 Million
Export Percentage: 41% – 50%
Total Annual Purchase Volume: US$1 Million – US$2.5 Million
Factory Information
Factory Size: 3,000-5,000 square meters
Factory Location: Guyana, South America [we do not know what factory crazy eddie is talking about here]
No. of Production Lines: Above 10
Ahmad Group Building Supply [in typical eddie style ahmad group or ahmad group building supplies are not registered businesses in the state of new york. ]
We Sale All Kinds Of Wood From South America, Pine Wood, Plywood, Crabwood, Oak, Caoba, Purple Hearth And More, Call Us And Compare Our Low Prices.
We Are The Factory. [again we do not know what factory ed has in Guyana, but it would seem that he's also got a license to export Guyana's precious woods]
SOUTH AMERICA HARDWOOD.
GREENHEART
WALLABA
ANGELIM
WASHIBA
GRABWOOD PURPLE HEART
THIS HARD WOOD IS SOLD BY SQUARE LUG
WE GUARATEE OUR LOW PRICES. WE ARE THE FACTORY.
We are regularly Selling: wood, ceramic, porcelain, toiles, hand sinks, pinewoos, precious wood, mosaics.
We are regularly Buying: pinewood, plywood, palletwood.
Chateau Royale
11019 Atlantic Ave
11418-3044 – Jamaica (Queens)
Tel. 7188057100
Fax 7188057603
Sales: 65,000
Number of employers: 1
Owner: Ed Ahmad
Building Materials and Appliances [as advertised by the Guyana govt here]
this ‘business’ is located in the ppp crime family inc. publishing compound. the same place that published the mirror and other foolishness by these little criminals. can a non-ppp crime family member get permission to build a business in the compound owned by these criminals?
Lot 8 Ruimveldt
Industrial Estate
Georgetown, Guyana
Phone: 592-231-8344
Email: Ed@ahmadgroup.com
Pure Rice Manufacture
eddie use this name for his rice exporting rackets. cant find any records of it being registered anywhere
Related articles
- Guyana govt criminal fraudster ed ahmad target of many probes & lawsuits (propagandapress.wordpress.com)
- ed ahmad inc. another Guyana govt criminal syndicate unravels (propagandapress.wordpress.com)
- edul nasir ahmad, federal inmate # 65730-053 (propagandapress.wordpress.com)
- statement from friends & associates of ed ahmad, ppp crime family agent at large (propagandapress.wordpress.com)
- ed ahmad arrested by FBI – dragged from Guyana bound plane (propagandapress.wordpress.com)
- Guyana govt denies criminal fraudster Ed Ahmad funding 2011 election campaign – check the facts (propagandapress.wordpress.com)
bai i love this site and their info ….u r the best … please add prostitution to that now cause thats what he will have to do in jail , BJ = 1 Cigaratte, Doggie Style = 1 Cartoon …owww eddie payback is a bitch bai…moon ah run till day ketch am …how long u think u would have rob the unuducated guyanese in the US…u r dirt now
Posted by David | July 28, 2011, 7:02 pmAce Mortgage Inc – Settlement Agreement
State of New York Banking Department
——————————————————————————–
In the Matter of
Ace Mortgage Inc
A Registered Mortgage Broker Pursuant to
Article XII-D of the New York Banking Law
SETTLEMENT AGREEMENT
——————————————————————————–
This Settlement Agreement (“Agreement”) is made and entered into by and between ACE MORTGAGE INC (“Ace”) and the State of New York Banking Department (“Banking Department”), collectively (“the Settling Parties”), evidencing an agreement between the Settling Parties to resolve, without a hearing, the violations cited herein by Ace of Section 591-a (3) of the Banking Law and Part 410 Section 410.14 of the Superintendent’s Regulations, upon and subject to the terms and conditions hereof.
I. RECITALS
Ace headquartered at 105-20 Liberty Avenue Ozone Park, NY 11417 was granted a registration by the Banking Department on March 7, 1995 to engage in the business of a mortgage broker pursuant to Article XII-D of the New York Banking Law (“Banking Law”).
Section 44.1(a) of the Banking Law provides, in part, that the New York Superintendent of Banks (“the Superintendent”) may, in a proceeding after notice and a hearing, require a registered mortgage broker to pay to the people of this State a penalty for a violation of the Banking Law and any regulation promulgated there under.
Part 38 Section 38.8 of the General Regulations of the Banking Board, provides that a mortgage broker may be subject to disciplinary action by the Banking Department for, among other things, violations of Article 12-D of the Banking Law, the regulations promulgated thereunder, or violations of state or federal law indicating that the entity is unfit to engage in the business of a mortgage broker.
The Department received a letter from Old Republic Surety Co. indicating the cancellation of Ace’s $25,000 corporate surety bond effective July 1, 2009.
On May 13, 2009, the Department sent a letter to Ace requiring Ace to obtain a replacement bond or have the cancelled bond reinstated on or before June 21, 2009.
On July 13, 2009 the Department sent a letter to Ace advising that, its failure to obtain a replacement bond or have the cancelled bond reinstated is a violation of Part 410.14 of the Superintendent’s Regulations.
On November 17, 2009, the Registrant provided the Department with a $25,000 replacement corporate surety bond issued by Nova Casualty Co., effective November 6, 2009.
On November 17, 2009, the Banking Department sent a letter to Ace by certified mail with return receipt, advising Ace that it operated without an active surety bond from July 1 to November 6 2009, and should immediately secure a surety bond retroactive to July 1, 2009, or obtain a deposit agreement of not less than $10,000.
Accordingly, Ace violates Section 591-a (3) of the Banking Law and Part 410 Section 410.14 of the Superintendent’s Regulations, which requires each mortgage broker to obtain a corporate surety bond or enter into a deposit agreement and maintain such surety or deposit agreement as a condition for retention of the mortgage broker registration.
II. SETTLEMENT TERMS AND CONDITIONS
Ace understands the terms and conditions of the Settlement Agreement, freely and voluntarily waives its right to a hearing on the charges made and any and all appeal relating to this matter.
Ace agrees to pay a fine of $2,000, payable in four monthly installments of $500, with the first installment due upon execution of this Agreement.The remaining three payments are due by the 23rd of each month until the fine is fully paid.The installments shall be made in electronic transfers, immediately available funds, pursuant to transfer instructions received from the Banking Department. Failure to make timely payment on any of the installments shall result in immediate revocation of Registrant’s registration.
Ace agrees to take all necessary steps to ensure its compliance with Section 591-a (3) of the Banking Law and Part 410 Section 410.14 of the Superintendent’s Regulations.
III. MISCELLANEOUS TERMS AND CONDITIONS
The Settling Parties acknowledge that Ace’s failure to comply with the settlement terms and conditions of this Agreement may result in the Banking Department taking action to revoke Ace’s registration to engage in the business of a mortgage broker under Article 12-D of the Banking Law.
The Settling Parties acknowledge that entering into this Agreement shall not bar, estop, or otherwise prevent the Superintendent, or any state, federal or local agency or department or any prosecutorial authority from taking any other action affecting Ace, any of its current or former owners, officers, directors, employees, or insiders, or their successors.
This Agreement may not be altered, modified or changed unless in writing signed by the Superintendent or his designee.
This Agreement shall be enforceable and remain in effect unless stayed or terminated in writing by the Superintendent or his designee.
The effective date of this Agreement is the date on which it is executed by the Deputy Superintendent of Banks for Mortgage Banking.
All written communications to the Banking Departmentl regarding this Agreement should be sent as follows.
Agreement should be sent as follows.
Attention:
Rholda L. Ricketts
Deputy Superintendent of Banks
Mortgage Banking Division
State of New York Banking Department
One State Street,
New York, New York 10004
All written communications to Newlife Financial regarding this Agreement should be sent as follows.
Attention:
Mr. Edul N. Ahmad
Ace Mortgage Inc.
105-20 Liberty Avenue
Ozone Park, NY 11417
This Agreement is not confidential; therefore it is available to the public.
WHEREFORE, the Settling Parties hereto have caused this Agreement to be executed.
By:_____________________
Mr. Edul N. Ahmad CEO
Ace Mortgage Inc.
Dated:
By:
Rholda L. Ricketts
Deputy Superintendent of Banks
State of New York Banking Department
Dated:
Posted by el che | July 28, 2011, 10:15 pmAce Mortgage Inc. – Settlement Agreement
State of New York Banking Department
——————————————————————————–
In the Matter of
Ace Mortgage Inc.
A Mortgage Broker registered pursuant to
Article XII-D of the Banking Law
-Respondent-
SETTLEMENT AGREEMENT
——————————————————————————–
WHEREAS, Ace Mortgage Inc. (“ACE” or “Registrant”), with headquarters at 105-20 Liberty Avenue, Ozone Park, NY 11417, was granted a registration on March 07, 1995 to engage in business as a registered mortgage broker pursuant to Article XII-D of the New York Banking law (the “Banking Law”) by the Superintendent of Banks (the “Superintendent”) of the State of New York; and
WHEREAS, pursuant to Section 3500.7(c) of HUD Regulation X – Real Estate Settlement Procedures Act (RESPA), Registrant is required to provide a Good Faith Estimate consists of an estimate, as a dollar amount or range each charge which will be listed in Section L of HUD-1; and that the borrower will normally pay or incur at or before settlement based upon common practice in the locality of the mortgaged property. Each such estimate must be made in good faith and bear a reasonable relationship to the charge a borrower is likely to be required to pay at settlement, and must be based upon experience in the locality of the mortgaged property. As to each charge with respect to which the lender requires a particular settlement service provider to be used, the lender shall make its estimate based upon the lender’s knowledge of the amounts charged by such provider; and
WHEREAS, an examination of ACE as of June 30, 2007 conducted by the Banking Department found that ACE failed to disclose yield spread premiums on the Good Faith Estimate to twelve consumers; and ACE received yield spread premium totaling $68,091 from lenders on loans to these twelve consumers; and
WHEREAS, in a letter dated August 29, 2008, the Banking Department notified ACE by mail of ACE failed to disclose yield spread premium and directed ACE to make $68,091 restitution to these twelve consumers; and
WHEREAS, in a letter dated September 19, 2008, ACE requested a waiver on these consumer restitution; and
WHEREAS, in a letter dated November 13, 2008, the Banking Department notified ACE by certified mail with return receipt requested that ACE has to make the required restitution as previously directed on or before December 8, 2008; and
WHEREAS, in a letter dated December 1, 2008, ACE requested one year to make the restitution to twelve consumers; and
WHEREAS, the Superintendent and ACE mutually agree to resolve such violation by requiring ACE to pay consumer restitution totaling $68,091 over a 14 month periods as listed in Schedule 1; and
NOW, THEREFORE IT IS STIPULATED AND AGREED BY THE PARTIES HERETO AS FOLLOWS:
THAT, ACE agrees as follows:
ACE, fully understanding the terms and conditions of the Settlement Agreement (the “Agreement”), freely and voluntarily waives its right to a hearing on the violation cited and any all appeal relating to this matter;
ACE will take all necessary steps to ensure compliance with all applicable federal and state laws and regulations relating to its mortgage business;
ACE agrees to issue refunds totaling $68,091 to consumers in 14 monthly installments as listed in Schedule 1.
All communication regarding this Settlement Agreement shall be sent to:
Rholda L. Ricketts
Deputy Superintendent of Banks
Mortgage Banking Department
New York State Banking Department
One State Street
New York, NY 10004
Edul Ahmad
President
Ace Mortgage Inc.
105-20 Liberty Avenue
Ozone Park, NY 11417
The provisions of this Settlement Agreement shall not bar, estop or otherwise prevent the Superintendent, or any state or federal agency or department, from taking any other action affecting Registrant, any of its current or former officers, directors, employees, or insiders, or their successors or assigns in connection with any matter relating to this Settlement Agreement. Nor shall this Agreement bar, estop or otherwise prevent the Superintendent from entering any other action affecting Registrant, any of its current or former officers, directors, employees, or insiders, or their successors or assigns in connection with any matters not covered by this Agreement.
No extension or waiver of the terms of this Settlement Agreement shall be binding on the Banking Department unless it is in writing and signed by the Superintendent or Deputy Superintendent.
Each provision of this Settlement Agreement shall remain effective and enforceable until stayed, modified, terminated or suspended in writing by the Superintendent or Deputy Superintendent.
The effective date of this Settlement Agreement is the date on which it is executed by the Superintendent or Deputy Superintendent.
The provisions of this Settlement Agreement are not confidential.
Agreed to and Accepted:
New York State
Banking Department
By: ___________________________
Rholda L. Ricketts
Deputy Superintendent of Banks
Dated: _________________________
Ace Mortgage Inc.
By: ___________________________
Edul Ahmad
President
Dated: _________________________________________________
Posted by el che | July 28, 2011, 10:16 pmThe following Registered Mortgage Broker has entered into a Settlement Agreement with the Banking Department to resolve without a hearing, the violations of Section 3500.7(c) of HUD Regulation X – Real Estate Settlement Procedures Act (RESPA) for failure to disclose yield spread premiums received from lenders on loans to twelve consumers on their Good Faith estimates. The Settlement Agreement terms and conditions include a $68,091 restitution to these twelve consumers.
ACE Mortgage Inc.
105-20 Liberty Avenue
Ozone Park, NY 11417
Date of Settlement Agreement; July 10, 2009
Posted by el che | July 28, 2011, 10:32 pmHello,
I am a first time homebuyer from New York that has been a victim of fraud. Back in 2006, I purchased a new construction property from Edul N. Ahmad (aka Ed Ahmad) who is a very well known developer/real estate/mortgage broker in Queens, New York. The broker misrepresented various aspects of the transaction and this wasn’t discovered until recently when I received the original loan documents from the servicing company. Here is the broker and h
Developer/Seller:
Citywide Holding Inc.
Edul N. Ahmad (Owner)
ners-can-fight-back-against-fraud/35566-lawsuit-filed-against-developer-real-estate-mortgage-broker-fraud.htmlMortgage broker:
Ace Mortgage Inc.
Edul N. Ahmad (Owner)
The original loan was made by Impac Funding Corporation c/o Countrywide Home Loans and is currently being serviced by America’s Servicing Company (ASC).
The verified complaint is too big to attach to this post, but I can email it if anyone is interested in the details.
http://www.loansafe.org/forum/unite-fight-share-your-ideas-how-homeowners-can-fight-back-against-fraud/35566-lawsuit-filed-against-developer-real-estate-mortgage-broker-fraud.html
Posted by el che | July 29, 2011, 9:10 pm