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Meet the People Capitalizing on the Corona Virus

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The corona virus has been one of the deadliest epidemics we’ve seen in over a century. Casualty numbers are compounding by the day and people are in absolute hysteria. Jobs and businesses have been halted by the government, leaving many without income. Slowly but surely, in one of the most rapid economic collapses this world has ever seen, people are being stripped of everything including hope.

However,… there are still people out there making a fortune in the process. Many are raking in cash like they have never seen before, and I’m not talking about grocery stores. I’m talking about people investing in real estate.

Recently, the search term “Should I buy a house” has hit an all-time record on Google.

According to Zumbly, real estate buyers are benefitting from this tremendously. And when I say tremendously, I mean insanely so. Zumbly- whose platform helps you find the best ROI-yielding properties instantly is helping its users make the most of the current situation.

Founded by Jeb Carty and Joel Glenny. Zumbly isn’t just here to help the wealthy or deep-pocketed cash buyers. Zumbly can help anyone who is interested in buying a home.

According to Founder, Jeb Carty, “The best way to make money in real estate is to simply not pay that much for it. There are many people who are leveraged and unsure of the upcoming economy who will become scared and sell as a result. Or they simply need to sell.  The result is that the US housing market is about to be flooded with homes for sale, and prices are going to plummet.”

Zumbly helps it users find the best deals instantly. The platform has several unique options, all of which take into account an entire market, weighing tens of thousands of properties against one another. With features like finding “motivated sellers,’’ locating the least expensive price-per-square foot properties that can make 3x the amount of money on Airbnb than a traditional lease, the guess work is eliminated.

No longer do you need tons of experience in the field to find the best deals. Zumbly enables the most novice homebuyers to buy like professionals.

Carty also elaborates “Our users have been waiting for an economic downturn for a while. The prices were just too high. Even Warren Buffet was waiting for a time when prices weren’t so high. Above all of this, mortgage rates have continued to drop. There has not been a better time to buy in the past 12 years. “

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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World

TRG Chairman Khaishgi and CEO Aslam implicated in $150 million fraud

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In a scathing 52-page decision, the Sindh High Court has found that TRG Pakistan’s management was acting fraudulently and that Bermuda-based Greentree Holdings historic and prospective purchase of TRG shares were illegal, fraudulent and oppressive. 

The Sindh High Court has further directed TRGP to immediately hold board elections that have been overdue and illegally withheld by the existing board since January 14, 2025. 

In the landmark ruling, the Sindh High Court has blocked the attempted takeover of TRG Pakistan Limited by Greentree Holdings, declaring that the shares acquired by Greentree, nearly 30% of TRG’s stock, were unlawfully financed using TRG’s funds in violation of Section 86(2) of the Companies Act 2017.

“Having concluded that the affairs of TRGP are being conducted in an unlawful and fraudulent manner and in a manner oppressive to members such as the Petitioner (Zia Chishti), the case falls for corrective orders under sub-section (2) of section 286 of the Companies Act,” Justice Adnan Iqbal Chaudhry concluded.

The case was brought by TRGP former CEO and founder Pakistani-American technology entrepreneur Zia Chishti against TRG Pakistan, its associate TRG International and TRG International’s wholly-owned shell company Greentree Limited.  In addition, the case named AKD Securities for managing Greentree’s illegal tender offer as well as various regulators requiring that they act to perform their regulatory duties.

The case centred around the dispute that shell company Greentree Limited was fraudulently using TRG Pakistan’s own funds to purchase TRG Pakistan’s shares in order to give control to Zia Chishti’s former partners Mohammed Khaishgi, Hasnain Aslam and Pinebridge Investments.

According to the case facts, the Chairman of TRG Pakistan Mohammed Khaishgi and the CEO of TRG Pakistan Hasnain Aslam masterminded the $150 million fraud. They did so together with Hong Kong based fund manager Pinebridge who has two nominees on TRG Pakistan’s board, Mr. John Leone and Mr. Patrick McGinnis.

According to the court papers, Khaishgi, Aslam, Leone, and McGinnis set up a shell company called Greentree which they secretly controlled and from which they started buying up shares of TRG Pakistan.  The fraud was that Greentree was using TRG Pakistan’s funds itself.  The idea was to give Khaishgi, Aslam, Leone, and McGinnis control over TRG Pakistan even though they owned less than 1% of the company, lawyers of the petitioner told the court. 

This was all part of a broader battle for control over TRG Pakistan that is raging between Khaishgi, Aslam, Leone, and McGinnis on one side and TRG Pakistan founder Zia Chishti on the other side.  Zia Chishti has been trying to retake control of TRG Pakistan after he was forced to resign in 2021 based on sexual misconduct allegations made by a former employee of his.  This year those allegations were shown to be without basis in litigation that Chishti launched in the United Kingdom against The Telegraph newspaper which had printed the allegations.  The Telegraph was forced to apologize for 13 separate articles it published about Chishti and paid him damages and legal costs.

After Chishti resigned in 2021, Khaishgi, Aslam, Leone, and McGinnis moved to take total control over TRG Pakistan and its various subsidiaries including TRG International and to block out Chishti.  The Sindh High Court’s ruling today has reversed that effort, ruling the scheme fraudulent, illegal, and oppressive.  

It now appears that Zia Chishti will take control of TRG Pakistan in short order when elections are called.  He and his family are now the largest shareholders with over 30% interest.  He is closely followed by companies related to Jahangir Siddiqui & Company which have over a 20% interest.  The result appears to be a complete vindication for Zia Chishti and damning for his rivals Aslam, Khaishgi, Leone, and McGinnis who have been ruled to have been conducting a fraud.  

TRG Pakistan’s share price declined by over 8% on the news on heavy volume.  Market experts say that this was because the tender offer at Rs 75 was gone and that now shares would trade closer to their natural value.  Presently the shares are trading at Rs 59 per share.

According to the court ruling, since 2021, shell company Greentree had purchased approximately 30% of TRG shares using $80 million of TRG’s own money, which means that that the directors of TRG Pakistan allowed company assets to be funneled through offshore affiliates TRG International and Greentree for acquiring TRG’s shares – a move deemed both fraudulent and oppressive to minority shareholders.  The Sindh High Court also found illegal Greentree’s further attempt to purchase another 35% of TRG shares using another $70 million of TRG’s money in a tender offer. 

The ruling is a major victory for the tech entrepreneur Zia Chishti against his former partners and the legal ruling paves the way for him to take control of TRG in a few weeks.

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