InfoSpan vs. Emirates Bank: $87M mobile‑payment venture ends in fraud trial with former White House counsel testifying
Summary
The passage provides concrete details—names (Farooq Bajwa, Larry Scudder, Kathryn Ruemmler, William A. Isaacson), entities (InfoSpan, Emirates Bank, UAE sovereign wealth fund), amounts ($87 million in InfoSpan claimed $87 M spent developing SpanCash, a text‑message remittance platform for Middle‑East Emirates Bank, owned by the UAE sovereign wealth fund, partnered in 2007 and cancelled the deal in
This document is from the House Oversight Committee Releases.
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