NEW YORK â€" In searching for an image that could help to illustrate the dreadful, complex and totally out-of-control situation in Syria, I stumbled upon an article in the Marginal Revolution that compares the events in Syria to the civil war in the former Yugoslavia. Since Yugoslavia and Syria were both multinational countries, and were both kept together by strong leaders like Tito and Assad, while their strategic geographical positions helped them to secure their international status, the comparison of the two countries is legitimate.
And yet, even as we are all alarmed by the immense tragedy in Syria and enraged by the callousness of the worldâ€™s superpowers, I am also shocked by how short the human memory is. In only 25 years, we have already forgotten the bloodshed and the endless victims that human cruelty created. Weâ€™ve forgotten the huge waves of Croats, Bosnians, Serbians and other refugees who flooded Europe in the early â€˜90s.
The cause of the civil war in Yugoslavia was clear from the beginning: it was the extreme nationalism proposed as the remedy for the countryâ€™s social and economic problems. It was a domestic war, fought locally while the international community stood aside as a passive observer.
At least, this was the case during the first few years, when everyone from Brussels, Washington and Moscow were hoping that the Serbian leader, Slobodan MiloševiÄ‡, would become a new strongman who could keep the Balkan powder keg unexploded. But they picked the wrong man, because MiloševiÄ‡ was the cause of the growing tensions among the various ethnicities whose interests were jeopardized by his one-sided decisions â€" something that was never the case in post-WWII Yugoslavia. Then the NATO bombing came at the end of the long and bloody war, which concluded with the terrible massacre of Muslims in Srebrenica under the watch of the U.N. peace forces.
Collecting firewood during the siege of Sarajevo in 1993 â€" Photo: Christian Maréchal
But the story of the violent partition of Yugoslavia does not provide a complete image of the current, highly explosive situation in Syria, where multiple international forces and interests are directly involved. They provide financial aid, arms and military assistance that escalated into air raids, bombings and the presence of special forces. Syria is becoming a black hole â€" it sucks everyone in, and it will, in the end, explode in our faces.
Because of the presence of such a wide variety of forces and interests, the Syrian story reminds me of the 1978 kidnapping of Aldo Moro on the Via Fani in Rome. Moro was the former prime minister of Italy and was kidnapped while on his way to parliament to announce an agreement between his own Christian Democratic Party and the Italian Communist Party (CPI) to form a coalition government. In the aftermath of heavy blows by left- and right-wing terrorist groups, Italy was in permanent political crisis, and the countryâ€™s two major parties had agreed to end hostilities and run the country together. In other words, the Christian Democrats and the Communists were ready to end their cold war. If they had succeeded, Italy would have put aside their post-war ideologies two decades before the fall of the Berlin Wall!
Moro during his kidnapping in 1978 â€" Wikipedia
But it was too early. The forces that dictated the real Cold War policies were against it, even before Moroâ€™s kidnapping. Five years earlier, Enrico Berlinguer â€" then leader of the Italian Communist Party, who had just begun to propose the alliance with the Christian Democrats â€" had visited Bulgaria, and the KGB tried to kill him. Berlinguer escaped this attempted assassination, but did not want news of the attempt to spread. It wasnâ€™t until many years after Berlinguerâ€™s death that Corrado Incerti, then-journalist from Panorama magazine, was able to publish a little book on the failed attempt on Berlinguerâ€™s life. What the KGB failed to do, somebody else did with Aldo Moro.
But whoever arranged the kidnapping on that beautiful spring day in Rome was not alone. Just as Via Fani was crowded with secret servicemen, manipulated terrorists, politicians, generals and policemen, professional killers and fake prophets, so is todayâ€™s Syria. The way it ended in Via Fani made us understand that the kidnapping and killing of Aldo Moro was a masterpiece by the forces that wanted to stop Italy from becoming politically stronger and more independent. It took them two months to negotiate, and when they finally agreed, they gave the order to kill the man.
It was in their best interest to maintain their equilibrium. Moro and Berlinguer were doing something that would put them off balance â€" they boycotted the superpowers and their way of reasoning. Syria is the Via Fani of today, except that in Syria, there are no rules left.
It is today a proven fraud, nailed by the French stock market watchdog: Air Next resorted to a full range of dubious practices to raise money but the simplest of errors exposed the scam and limited the damage to investors.
PARIS — Air Next promised to use blockchain technology to revolutionize passenger transport. Should we have read something into its name? In fact, the company was talking a lot of hot air from the start. Air Next turned out to be a scam, with a fake website, false identities, fake criminal records, counterfeited bank certificates, aggressive marketing … real crooks. Thirty-five employees recruited over the summer ranked among its victims, not to mention the few investors who put money in the business.
Maud (not her real name) had always dreamed of working in a start-up. In July, she spotted an ad on Linkedin and was interviewed by videoconference — hardly unusual in the era of COVID and teleworking. She was hired very quickly and signed a permanent work contract. She resigned from her old job, happy to get started on a new adventure.
Others like Maud fell for the bait. At least ten senior managers, coming from major airlines, airports, large French and American corporations, a former police officer … all firmly believed in this project. Some quit their jobs to join; some French expats even made their way back to France.
Share capital of one billion
The story began last February, when Air Next registered with the Paris Commercial Court. The new company stated it was developing an application that would allow the purchase of airline tickets by using cryptocurrency, at unbeatable prices and with an automatic guarantee in case of cancellation or delay, via a "smart contract" system (a computer protocol that facilitates, verifies and oversees the handling of a contract).
The firm declared a share capital of one billion euros, with offices under construction at 50, Avenue des Champs Elysées, and a president, Philippe Vincent ... which was probably a usurped identity.
Last summer, Air Next started recruiting. The company also wanted to raise money to have the assets on hand to allow passenger compensation. It organized a fundraiser using an ICO, or "Initial Coin Offering", via the issuance of digital tokens, transacted in cryptocurrencies through the blockchain.
While nothing obliged him to do so, the company owner went as far as setting up a file with the AMF, France's stock market regulator which oversees this type of transaction. Seeking the market regulator stamp is optional, but when issued, it gives guarantees to those buying tokens.
The infamous typo that brought the Air Next scam down
Raising Initial Coin Offering
Then, on Sept. 30, the AMF issued an alert, by way of a press release, on the risks of fraud associated with the ICO, as it suspected some documents to be forgeries. A few hours before that, Air Next had just brought forward by several days the date of its tokens pre-sale.
For employees of the new company, it was a brutal wake-up call. They quickly understood that they had been duped, that they'd bet on the proverbial house of cards. On the investor side, the CEO didn't get beyond an initial fundraising of 150,000 euros. He was hoping to raise millions, but despite his failure, he didn't lose confidence. Challenged by one of his employees on Telegram, he admitted that "many documents provided were false", that "an error cost the life of this project."
What was the "error" he was referring to? A typo in the name of the would-be bank backing the startup. A very small one, at the bottom of the page of the false bank certificate, where the name "Edmond de Rothschild" is misspelled "Edemond".
Before the AMF's public alert, websites specializing in crypto-assets had already noted certain inconsistencies. The company had declared a share capital of 1 billion euros, which is an enormous amount. Air Next's CEO also boasted about having discovered bitcoin at a time when only a few geeks knew about cryptocurrency.
Employees and investors filed a complaint. Failing to find the general manager, Julien Leclerc — which might also be a fake name — they started looking for other culprits. They believe that if the Paris Commercial Court hadn't registered the company, no one would have been defrauded.
Beyond the handful of victims, this case is a plea for the implementation of more secure procedures, in an increasingly digital world, particularly following the pandemic. The much touted ICO market is itself a victim, and may find it hard to recover.
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