That Old Black Magic – IOTW Report

That Old Black Magic

A man walked into the Dubai Islamic Bank in Africa in 1995 and stole $242 million. He didn’t use a gun or break into the vault. Fountaga Babani Sissoko convinced a bank official that he knew “Black Magic” and could double any money that was entrusted to him. More 

 

 

 

16 Comments on That Old Black Magic

  1. It’s way easier to make up a fantastic story that can’t be verified then it is to actually research it for specific facts from all over the globe over a substantial period of time;

  2. But it strains the imagination that some bank guy in some barely 3rd world country could give this guy millions without other bank auditors not questioning it and getting away with it for so long. If you just blindly accept that part of the story it seems like it could happen. We all know that Saudi Arabia is 3rd world with 1st world buildings. I find the story suspect.

  3. One day in August 1995 a man called Foutanga Babani Sissoko walked into the head office of the Dubai Islamic Bank and asked for a loan to buy a car.

    Why would a guy who can magically double money amounts need a car loan?

  4. Exactly Page. It’s why we accept that part of the story without question. We all know those sand niggers can’t actually understand banking. Earning interest is forbidden over there.

    But a bank can’t last as long as that one did doing what the “journalist” storyteller said he-it did.

  5. ” Earning interest is forbidden over there.”

    The bankers might be stupid, but the accountants aren’t. They figured out ways to make money on loans by relabeling interest to another word. They get paid for that loan and it ain’t just the principal.

  6. To get twenty thousand out of your own bank in the us, even when it’s your own money, sometimes can take a day or two.
    It’s like pulling teeth. Now just try and get 2 mill in cash, good luck Chuck. Nice story.

  7. Going down in the reading, I found this tidbit interesting when he was in the US standing trial.

    ” And Tom Spencer was stunned when a former US senator, Birch Bayh, announced he was joining Sissoko’s defence team.

    “Well, you have to ask yourself, why would anyone get involved for a foreign national who has no apparent value to the United States?” says Fine. “I don’t know the answer to the question. But it’s an interesting one to pose.””

    Well I was 99% sure, but couldn’t remember Bayh’s political party. Then sure enough Democrat. Which then answers the question by would anybody get involved with a foreign nation with no value to the country.

    Because Bayh was looking for the payout.

    “The US government wanted Sissoko held in custody, but he was bailed for $20m (£14.5m) – a Florida record at the time.

    Then he went on a spending spree.

    He would come in and buy two three four cars at the same time… the money was like wind – Ronil Dufrene, Car dealer

    His defence team was rewarded with Mercedes or Jaguar cars. But that was just the start. ”

    Democrats, grifters today, grifters yesterday. Except yesterday they were a bit more on the down low with it then today’s media hounds.

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