Fugative Ghaith Rashad Pharaon Remains Active Business Man

Fugative Ghaith Rashad Pharaon Remains Active Business Man

Fugative Ghaith Rashad Pharaon Remains Active Business ManOn this day in 2009, Sicilian police, aided by Interpol raided white-collar fugitive Ghaith Pharaon’s yacht. Pharaon had been on the run from the US Government for close to thirty years and managed again to escape his extradition narrowly. Once an investment banker for Pakistani company Bank of Credit and Commerce, Pharaon secretly purchased US banks for BCCI in breach of US banking laws. Soon after escaping the country Pharaon lived the remainder of his life on his yacht and compound in Budapest, still conducting business until his death in 2017.