26 Sep 2015
(Reproduced with permission)
“Moffitt was like a lousy shark hanging around looking for rich fools and both Khadem and Jho Low floated in around the same time – Moffitt netted them both and the rest is history” was how one Vegas insider observed the situation to Sarawak Report.
“All the stories about KAQ [Khadem Al Qubaisi] not being happy he did not get the table he wanted in Wynns is a load of rubbish, simply Moffitt used his usual gift of trying to find money explaining Vegas could be taken. KAQ jumped at the opportunity and today we see why” .
“Did Moffitt introduce KAQ to Low? I would bet 99% on this, as Moffitt liked to play the matchmaker and the more wealthy people he knew made himself look bigger. KAQ and Low like the girls and everything around it, Moffitt had seen the weakness in KAQ and pushed him into having his own clubs. KAQ was a sort of very rich nobody in Las Vegas until Moffitt promoted him through Hakkasan – then the girls were non stop. Low same thing as KAQ – ugly but with deep pockets – they are now like the three best friends on the planet.”
“Mike, [wrote Moffitt in February 2015]…. As you know KAQ was very annoyed at the ongoing situation at 1201 Laurel Way .. on a recent visit from his brother there were many issues with the property not limited to a land slip and lack of water, which led to a very embarrassing situation for both he and I when his brother returned to Abu Dhabi. Clearly this was not what was expected when purchasing a 31 Million Dollar property… As I stated to you KAQ became so disenchanted by the combination of circumstances he no longer wanted his company to be involved in this project or with your future development efforts” [letter cited in the current fraud case against Moffitt relating to a second property, 1169 Hillcrest, Beverley Hills.]
“.. a wealthy British-born businessman and Chief Executive Officer of the Hakkasan Group. Upon information and belief, Moffitt acts as an agent and/or intermediary in the United States for certain wealthy Arab investors, including Khadem Al Qubaisi, Chairman of the Hakkasan Group…. Moffitt told Palumbo that if he partnered with ‘His Excellency’ [Khadem al Qubaisi] who has an estimated net worth of billions, Palumbo would “never need to look for money again”
He is cagey about Hakkasan’s financiers, however. When pressed for details of shareholders or any of the company’s recent fundraising activities, he simply says: “Hakkasan is a private company based out of Abu Dhabi,” although he does say that he has skin in the game himself. “I’m very invested in the business.” [Telegraph Dec 2014]
Sultan of San Trop
More on the Tasameem mystery
“Hakkasan Group is owned by Tasameem Real Estate LLC, an Abu Dhabi-based investment company”. [Hakkasan website]
Still big in the Gulf
Front for Sheikh Mansour?
How a Florida case outed KAQ
Tasameem [Real Estate LLC] is private limited liability company organized under the laws of Abu Dhabi and has its principal place of business there. The government of Abu Dhabi had no role in the formation of Tasameem.”
“The Defendants [IPIC, Aabar and Tasameem] are tied together by their shared leadership found in Mr. Khadem Al Qubaisi.” [Florida Middle Court]
Barclays deal began the rise to riches?
“Khadem became the golden boy after the Barclays deal and nobody could question him” observes one Middle East writer, “but look at all his subsequent investments at Aabar, they were all boys toys [cars, jets, space ventures] and they lost a lot of money”