"LAWSUIT ACCUSES MIDDLE EAST BANK OF STEALING AN ORANGE COUNTY ENTREPRENEUR'S TECHNOLOGY" LOS ANGELES TIMES

Farooq Bajwa pioneered a business, SpanCash, that would allow people to make payments through their phone. Bajwa explains: “I realized I might make a big difference in this world not only helping these underprivileged people who don’t have bank accounts, I will also be helping bring an economic revolution.” He now finds himself embroiled in a lawsuit against a Middle East Bank, which he claims stole his technology. “At issue is whether his SpanCash system ever delivered as promised, how much revenue it could have made and whether the bank, Emirates NBD, stole any ideas or technology after its deal to launch the system with InfoSpan collapsed. More than $550 million in damages is being sought from the bank, which disputes that the system ever worked.” 

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