Salah Ezzedine

Who is Salah Ezzedine?

Salah Ezzedine is a Lebanese businessman who is accused of running a pyramid scheme. He had supposed investments in oil, publishing, metals and television, and his businesses spread out from the Gulf to Africa. He was well known as a philanthropist.

In the ensuing debacle, financial downfall and declaring of his bankruptcy, Lebanese investors, mostly from the Shia community lost hundreds of million dollars. Amounts involved vary between $700 million was lost by Lebanese investors up to 1.2 billion dollars.