Greg Aziz – Arrested
TUSCUMBIAÂ – Greg Aziz is expected to be booked into Colbert County Jail this afternoon (Tuesday). He is reportedly being transported from Illinois to Alabama’s Birmingham International Airport this afternoon by United States Securities and Exchange Agents. Then will be transported by ground transportation to Tuscumbia where he will be booked-in.
Alabama Circuit Judge, Jackie Hatcher is expected to conduct Aziz’s first-appearance either Wednesday or Thursday.
MONTGOMERY– Bryce Graham, Jr., District Attorney for Colbert
Greg Aziz
County, Alabama and Joseph P. Borg, Director of the Alabama Securities Commission announce the
arrest of Gregory James Aziz, a Canadian national, on November 12, 2013, by officials at the Chicago
Midway International Airport during a trip to the United States. He was detained by the U.S. Immigration
and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) and turned over to officers at
the Chicago Police Department who swiftly coordinated with Alabama law enforcement. With the
assistance of the Illinois Office of Secretary of State, Securities Department, Aziz waived extradition and
will be transported to Alabama at a later time.
National Railcar – Cherokee
Aziz’s arrest stems from an indictment returned by a Colbert County grand jury charging Aziz with 10
counts of Securities Fraud. According to the indictment, between September 2006 and July 2009, Aziz
perpetrated a scheme to defraud the Retirement Systems of Alabama by knowingly supplying fraudulent
financial information, and making false statements of material fact and omissions of material fact in
connection with a loan and equity transaction between Aziz and the Retirement Systems.
If convicted on the Alabama charges, Aziz could face a maximum of 10 years in prison and fines, and be
ordered to pay restitution to the Retirement Systems of Alabama for any loss attributable to his actions.
Originally published 11/15/2013
3 comments
This doesn’t seem like it is going to stick. Last time I read up on National Alabama they lured the Canadian down then kicked him out after the RSA tried to blame the recession on him. This shows Canadians to keep your jobs north of the border because. Apparently we don’t need them.
The Aziz brothers BLEW millions of dollars on NEEDLESS revisions at the plant. The main administrative section of the plant STILL hasn’t been completed. The tile work was NEVER done in the gate houses. Most of the electrical had to be REDONE in 2009-2010.
Innocent till proven guilty