Penny Mahoney

[41]

8 May 2005

Dear Mr. Ibrahim,

Thank you for the information. I am wondering why you continue to do business with Mr. Frempong when it really seems that he is trying to cut you out of the deal and cheat you of your fair portion of the profits. You seem like a good and honest man and I get really angry whenever I see a good man cheated. You should go into business for yourself. I am really quite angry at Mr. Frempong for the way he wrote to me when I reported the news of my ordeal in New York City. It seems to me that he did not believe me.

What would you say if I told you that I do not wish to deal with Mr. Frempong? The truth is that I only want to deal with you because I think Mr. Frempong is trying to cheat you and he was insulting to me. Would this be acceptable to you? You could say that Ms. Mahoney no longer wishes purchase the gold but I could go through you under an assumed name and none of the commission money would go to Frempong.

As for your offer of the diamonds, I must decline at this time. It is very risky to be selling diamonds in Europe because of the ban on "Conflict Diamonds". Just last week the Garda arrested a Dublin jeweler for trading in diamonds that were traced to UNITA rebels in Angola. It is a risk that I cannot take so I must limit our business to gold.

Let me know because I want to do this business.

Sincerely,
Penny Mahoney