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Funny that Arafat was an investor there! Who knew that my $20 Monday night all-you-can-roll was partially going to him!!!

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Arafat's Investments Included Dotcoms, New York Bowling Alley

2004-12-21 20:17 (New York)

Arafat's Investments Included Dotcoms, New York Bowling Alley

(Published in Bloomberg Markets magazine.)

By Vernon Silver

Dec. 22 (Bloomberg) -- In 35 years as Palestinian leader,

Yasser Arafat raised billions of dollars. He spent the fortune to

wield power, to pay militants who attacked Israel and to invest in

the U.S. and the Middle East.

Arafat used a holding company to buy stakes that ranged from

$285 million in Egyptian mobile-phone company Orascom Telecom

Holding SAE and its affiliates to some $30 million in private

equity, mostly in the U.S. These included $3.2 million in Herndon,

Virginia-based Simplexity Inc., which makes electronic-commerce

software, $2.1 million in New York- and Boston-based Vaultus Inc.,

which makes software for wireless computers, and $1.3 million in

New York-based Strike Holdings LLC, which owns the Bowlmor Lanes

bowling alley in Manhattan's Greenwich Village.

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