On Friday, the FBI arrested Ed Ahmad, the Guyanese businessman who made an unsecured $40,000 loan to Rep. Gregory Meeks (D-NY) that Meeks failed to publicly disclose as required. Ahmad was charged with mortgage fraud in connection to a wide-ranging scheme that involved faking income for applicants and the use of straw buyers. He was reportedly released on $2.5 million bail.
According to one report, “Ahmad had already boarded Delta 383 at JFK International to head to Guyana when Federal agents boarded the aircraft, handcuffed him and removed him from the aircraft.”
As first reported in the New York Daily News, Meeks made no payments on the loan, and repaid it only after the FBI started asking questions. Meeks used the money to finish paying off his new home, sources told the Daily News.
Meeks first disclosed the loan on his financial disclosure report that all members …