Life Keeper Patch Connected to Money Laundering?

Its obvious to me that someone at SafeSky didn't fill out their FBAR report.

Haaretz:

"I can't rule out a development in the cardiac patch affair that will connect it to money-laundering, but it's too early to tell whether there was a money-laundering trick here. In the meantime, the media reports are much ado about nothing."

That was a senior Justice Ministry official's response this weekend to reports that the ministry's Israel Money Laundering Prohibition Authority (IMPA) was investigating the SafeSky affair. The police are not involved at this stage.

(Technical Schematic hat-tip: Lurker)

Investigators believe the deal announced last week, that Amos Bouchnik and Aharon (Arik) Klein's company SafeSky would receive $370 million from Micro-Star International of Taiwan, was intended to cover an illegal cash transfer from shadowy foreign sources to Israeli banks, including Poalei Agudat Israel Bank, of the First International Group.

Micro-Star has vigorously denied any such deal, or even knowledge of the company.

"Many money-laundering schemes throughout the world involve connections between well-connected individuals and top lawyers. When you go to the bank and you want to do something that's not quite kosher, you take trustworthy people with you," the Justice Ministry official said.

Even if the money-laundering theory proves to be correct, it's still not clear why the heads of SafeSky rushed to report their spectacular exit to the media, exposing themselves to scrutiny and subsequent disclosure. The alternative was to present the contract with MSI to their bank and to deposit the money, while benefiting from banking confidentiality.

Dumbest Quote of the Week:

In a Channel 2 news report this weekend SafeSky officers said, "Hagai told us that if every soldier had a Life Keeper patch, we'd know where Gilad Shalit is."


Wherever I am, my blog turns towards Eretz Yisrael טובה הארץ מאד מאד

Muqata Exclusive: Technical Plans for the "LifeKeeper" Patch

In yet another Muqata Blog exclusive, we have obtained the top secret diagrams of the technical plans for the "Billion Dollar LifeKeeper Heart Attack notification patch" -- which provides 30 minutes warning before a heart attack strikes.

These diagrams are copyright exclusive to the SkyLife company, which was only founded 2 weeks ago, and has already reportedly sold 20% of its stock to the MSI company for $360 million dollars!

While MSI is denying any knowledge of its involvement in any sale of SkyLife, SkyLife claims that they negotiated the entire deal via internet emails and faxes, and never met in person any Representative of MSI.

11:55 PM Breaking News; In what is sure to be a devastating blog to the SkyLife Company, according to Channel 10 Israel TV, CEO Gabi Picker has resigned from the helm of SkyLife.

Israel's respected "CalCalist" financial newspaper interviewed Sky Life partner Dr. Amos Buchnik about his investment in Sky Life.

No real money was invested now in SkyLife -- all the heavy investments of 5-6 million dollars was done by [convicted fraudster] Arik Klein a few years ago, said Buchnik.

Buchnik claimed the extent of his investment was to a super genius computer programmer who wrote the entire real-time embedded software program in the time span of only one week!

In exchange for his outstanding software contract abilities, the genius developer was paid the sum of 1000 dollars from Dr. Buchnik's dental clinic. [I kid you not, this is all in Buchnik's interview].

Alper Eiden, the software whiz claimed he was supposed to get 3000 dollars for his services, but only received 1000.

Forbes and Reuters reported today (before knowing of Gabi Picker's resignation):

TEL AVIV, July 8 (Reuters) - The founder of Israel's SafeSky said on Wednesday the company would make a media presentation next week after local media questioned reports a Taiwanese company would take a stake in a unit of SafeSky.

'You will all be invited next week,' SafeSky co-founder Amos Bouchnik told Reuters before declining further comment. SafeSky Chief Executive Gavriel Picker also declined comment.

His remarks came after Israeli newspapers ran stories casting doubt on their own reports earlier this week that Microstar International would pay $370 million for 37 percent of SafeSky's Life Keeper, which says it has invented a device to warn of heart attacks.

An official at Microstar in Taipei said the company had no knowledge of a deal with SafeSky, though it does have a team looking at developing a notebook PC with an add-on device that would be able to measure a person's heartbeat.

Microstar manufactures and distributes computer motherboards and interface cards.

Stay Tuned to the Muqata for your latest up to date information about the Billion Dollar Patch of the Century!

We are the #1 blog following this story, and you can check back here for the latest updates on this historic financial success story for the unbelievable SkyLife Company.

Update From Haaretz:

The entire negotiations and contacts between the Israeli side and the MSI was done by fax and e-mail, which was sent to the Internet domain MsiUK.net. The address may seem to belong to the British branch of the Taiwanese firm, but it turns out it actually belongs to no other than Aharon (Arik) Klein, one of the co-founders and 50% owners of SafeSky, the Israeli company supposedly seling the patch technology. Klein, a convicted conman who spent years in prison for multiple acts of fraud, is also the person who supposedly developed the technology. It seems that Klein bought and registered the domain name and used fictitious identities to correspond with SafeSky, and its lawyers and accountants.

How Klein planned to make money on the fraud is still not clear. As of now it seems Klein duped SafeSky's co-owner, Dr. Amos Bouchnik and its CEO, Dr. Gavriel Picker, as well as the rest of the company's officials.

Wherever I am, my blog turns towards Eretz Yisrael טובה הארץ מאד מאד