By John Lee. The British conman who made an estimated £50 million from selling fake bomb detectors in Iraq has reportedly been freed from jail. According to The Sun, James (Jim) McCormick claims that his fortune and lavish lifestyle has disappeared, and that a lawnmower is now his only possession. Security officials believe his scam […]
By Ali Mamouri for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Baghdad's residents are demanding beefed-up security measures and an international investigation into the gruesome July 3 bombing that rocked Baghdad's busy Karrada district, killing almost 300 people and injuring 200 more. The death toll […]
By John Lee. Iraqi Prime Minister Haider al-Abadi has reportedly ordered the removal of 'ADE651' fake bomb detectors from checkpoints, as the death toll from Saturday’s bombings in Baghdad rose to at least 147. According to a report from The Telegraph, he also asked the interior ministry to launch a new investigation into “corrupt deals” […]
By John Lee. A British conman who sold fake bomb detectors to Iraq and other countries has been ordered to pay back nearly £8 million of his ill gotten gains, according to a report from the Daily Mail. James McCormick, who lived a life of luxury by ripping off customers, was jailed for 10 years […]
By Shukur Khilkhal for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. In 2007, the Iraqi Interior Ministry imported 7,000 ADE651 bomb detectors in a deal with British businessman James McCormick. Though widely used at Iraqi checkpoints, these devices have not helped stop the bombings in Baghdad […]
By John Lee. Iraq's Commission of Integrity has reportedly repatriated five billion Iraqi dinars [$4.3 million] that were smuggled to Lebanon. According to Aswat al Iraq, the money, in addition to some real estate investments, were illegally obtained by British businessman James (Jim) McCormick, who was sentenced to 10 years in prison in Britain for […]
The conman who made $84 million selling fake bomb detectors to Iraq and other countries has been jailed for ten years by a court in the UK. Passing sentence on Jim McCormick, Judge Richard Hone said: "The device was useless, the profits outrageous and your culpability as a fraudster has to be placed in the […]
