Tag Archives: Statler Towers

Bashar al-Issa Convicted of Tax Fraud in the UK

14 Mar

From the Glasgow Daily Record, we learn that,

LOOSE Women star Andrea McLean was offered a big movie break – and became an unwitting pawn in a multi-million tax scam.

The Scots former weathergirl was cast as a bisexual therapist in gritty gangster film A Landscape of Lies.

But she was unaware the production – which also featured equally unsuspecting former EastEnder Marc Bannerman – was being hastily shot to get the taxman off the conmen producers’ trail.

The fraudsters, fronted by redheaded actress Aiofe Madden, 31, had told the tax authorities her company, Evolved Pictures, were making a £20million film.

They hoped to claim £2.8million in tax credits and VAT repayments and had raked in £1million in tax credits before HMRC swooped and arrested them.

Then, in a farcical attempt to cover their tracks, they hastily recruited an unsuspecting crew and cast and shot their film in four months.

But the shoestring effort they produced for just £100,000 bore no relation to the ambitious plans they had submitted – and the taxmen saw through the ruse.

Yesterday, at Southwark Crown Court in London, bankrupt Iraqi building company boss Bashar Al-Issa, 33, was found guilty of two counts of conspiracy to cheat the public revenue.

His accomplices Tariq Hassan, 51, Osama Al-Baghdady, 50, and Ian Sherwood, 53, were each found guilty of a single count of conspiracy to cheat the public revenue.

Mr. Issa came to Buffalo in a flourish several years ago, buying the Statler Towers and pledging to restore them to their former grandeur. He sought no public money and was greeted as a hero. He pledged that he would build the tallest skyscraper in Buffalo just off Niagara Square, and proposed an underground parking garage under the square to accommodate visitors’ parking needs. He even promised that a speedboat he bought would be available for the use of Statler guests and residents. 

Having renovated an elevator or two, he left town, selling the property at a loss in a flurry of litigation and bankruptcy filings, and his entire phony empire crumbled quickly around him

$5MM in Poverty-Reduction Funds to Statler?

24 Mar

Poverty Reducer

Local restaurateur, developer, parking lot owner, and friend-of-Byron’s Mark Croce famously announced that he would commence an incremental rehabilitation of the Statler Towers. For the time being, only the first two floors will be rehabbed to re-enable the ballrooms to be used for events. The upper floors will be rehabbed as the market demands. The deal amazingly closed for only $700,000; in order to make the Statler commercially viable, he will have to repair of the exterior details, many of which have decided to plummet to the ground in recent years.

In order to do that, Croce has applied for a $5.3 million grant from the City of Buffalo, which would likely come from its Community Development Block Grant funding. That money, however, arises out of a HUD program to provide affordable housing and jobs for poverty prevention. Its purpose is to directly benefit low and middle-income people and reduce neighborhood blight. What that has to do with rehabilitating a millionaire’s $700,000 hotel rehab is beyond me.

Add to that the fact that it was announced just yesterday that a Croce LLC just closed on a $1.2 million Orchard Park mansion. I’m sure congress had in mind that CDBG money would go to help develop a crumbling downtown hotel owned by someone who can afford to plunk down $1.2 MM for a nice 12,800 SF house in a tony suburb. Right?