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Mystery surrounding missing diamonds and money from defunct Portus deepens


Date: Tuesday, November 29, 2005
Author: Theglobe&mail.com

From Theglobeandmail.com: The mystery surrounding missing diamonds and money from defunct hedge fund company Portus Alternative Asset Management Inc. deepened yesterday with the emergence of a woman known as Madam Ho Ho and a request to examine the wife of company co-founder Boaz Manor. …The seven transfers took place over a four-month period ended Sept. 29 when $179,526.61 was transferred from Madam Ho Ho's account at the Bank of China to the Israel Discount Bank. The receiver says more than $1.1-million was misappropriated by Mr. Manor because he had no authority to control the funds, which were Portus group property. It also noted that the Sept. 29 transfer occurred "at a time when Manor claimed that he was too ill to submit to an examination….For the full article see today's Globe & Mail. Link: http://www.theglobeandmail.com/servlet/ArticleNews/TPStory/LAC/20051129/RPORTUS29/TPBusiness/Canadian