Sigrún Davíðsdóttir's Icelog

Galmond and his Icelandic ties

with 159 comments

The German Commerzbank is in the news for two reasons: there are rumours that the German government might be about to take it over – and German prosecutors have, according to the Wall Street Journal, indicted five men on charges of laundering $150m for Leonid Reiman, Vladimir Putin’s minister of communications 1999-2008. Four of them are bankers from Commerzbank and known to have advised Reiman. The fifth man is the Danish lawyer Jeffrey Peter Galmond (whose saga WSJ has followed closely), who isn’t only connected to Russian oligarchs but also to some of the Icelanders who got very rich very quickly.

Galmond is a Danish lawyer who went native in St Petersburg of the 90s when mayor Anatoly Sobchak (1937-2000) was the city’s most powerful man. The mayor was a sort of mentor to both Putin and Reiman who came to outshine the mentor.

At the same time, an Icelandic father and son, Bjorgolfur Gudmundsson and Bjorgolfur Thor Bjorgolfsson were building up their fortune. Their St Petersburg story was told in two articles in Euromoney in 2002, when the two, together with their co-investor from Russia Magnus Thorsteinsson, were buying the Icelandic Landsbanki. These three were hired by a company set up by an English businessman, Bernard Lardner and his Icelandic partner Ingimar Ingimarsson. In a new book by Ingimarsson he tells the story, earlier told in Euromoney, but in greater detail.

Lardner had a successful financial career behind him, first as a brilliant financial analyst in London, later as an investor, interested in countries going through privatisation, such as in South America and St Petersburg.

After selling a phone company the two set up, Lardner and Ingimarsson ventured into soft drinks with machinery that Gudmundsson was selling in Iceland. To run their Baltic Bottling Plant, Gudmundsson recommended his son. Bjorgolfsson quickly learnt Russian and was in charge of the operations.

As time went on, Lardner and Ingimarsson didn’t quite trust the Icelanders. Preferring stronger ties to the Western soft drink industry they decided to hire an Englishman from the soft drink industry to run the operation. But before it happened they learnt, in late 1995, that Gudmundsson now owned BBP. This came as a bit of a surprise to them since they didn’t know they had sold it. The Russians who owned 25% of the company didn’t seem to mind. Both Ingimarsson and Lardner experienced unpleasant pressure and threats.

Lardner quickly decided that there wasn’t much they could do. Ingimarsson tried both the Russian and the Icelandic courts. Though rulings went in the favour of Ingimarsson and Lardner there was no way of enforcing them. In the end, the company they once owned was empty – the assets had moved elsewhere and the three Icelanders had developed a highly profitable brewery, later sold to Heineken.

Heineken’s spokesman says to Icelog that when Heineken bought the brewery it conducted due diligence. But that was seven years after Gudmundsson claimed to have bought BBP and many new companies had come into being.

On his Icelandic website, Bjorgolfsson disputes Ingimarsson’s story, calls it fiction and promises to refute this fiction when he has had the time to look at old documents. He also writes on the website that Galmond has never represented him but that two lawyers working for Galmond have. Also that he has never met Reiman.

According to Ingimarsson, Galmond was Bjorgolfsson’s lawyer in the court cases related to the Baltic Bottling Plant and was later involved in the sale to Heineken. In Danish media Bjorgolfsson has been mentioned as a client of Galmond, as have companies connected to Jon Asgeir Johannesson, Baugur and other smaller Icelandic companies. Claus Abildstrom, Galmond’s partner, sat on the board of Magasin du Nord after Baugur bought the company in 2004.

Now back to Galmond. Around 2000 the Danish lawyer appeared on the Russian business scene as a Western investor, just what Russia needed. In 2001 he bought a stake in the Russian mobile company Megafon. But a prelude to this acquisition transpired in a German civil case in January 2008 involving Commerzbnk. The bank’s annual reports 1996-2001 showed certain assets to belong to the bank when they were actually held in trust for Galmond. Commerzbank was ordered to pay €7.3m.

Galmond’s ownership of the Megafon shares came under scrutiny shortly after he bought them when the Russian oligarch Mikhail Fridman claimed this was indeed his stake. This dispute has kept courts in the Netherlands, Sweden, Britain, Switzerland, the British Virgin Islands and Bermuda busy over the years. These cases have unveiled that Galmond wasn’t just an ordinary investor but a straw-man for Reiman who was forced to resign in the end.

In spring 2008 this fierce battle came to an end, or some sort of a resolution, when Alisher Usmanov bought the Megafon stake from Galmond. Usmanov is one of the oligarchs who have made London their home and he was, incidentally, a Kaupthing client and a Kaupthing shareholder in 2008: just before the collapse of Kauphting it had decided to lend him respectively €1,1bn and $1.2bn.

Just as the court case Berezovsky vs Abramovitch gives an idea of Russia in the 90s, the Megafon cases have shown the craft of money laundering and other Russian operations during the first decade of this century.

In 2004 Galmond’s company, IPOC, had to issue a guarantee to a Swiss court of $40m in one of the innumerable Megafon court cases. The court couldn’t accept the money without checking its origin. It didn’t quite trust the Ernst & Young report IPOC provided and got a PwC accountant in London to scrutinise IPOC’s information. The PwC accountant came to the conclusion that the intricate web of IPOC companies was sheltering a money-laundering scheme.

This fascinating report, that I have read, is indeed a handbook for money laundering detection. It gives a careful description of signs of money laundering, describes both the general theory of money laundering and its practice in IPOC. A payment that to the untrained eye seems just a payment from one company to the other is something entirely different to the expert who uses Financial Action Task Force methodology.

One example is very high consultancy fees. Anything strange there? After the Olympus case we know that yes, abnormal consultancy fees can hide irregularities. The expert points out that if the company that gets paid for consultancy doesn’t have any staff to carry out the consultancy, ie is only a shell, then that’s possibly a sign of illegal flow of money. Another example is inter-group loans where loans are given to shell companies with no operations that could profit from loans.

It’s interesting to keep in mind that mobile companies are very well structured for money laundering because it’s easy to set up false transactions on a large scale and move funds between countries. A telecom company in Bulgaria buys international calling time, ie access to international cables, from a broker in Bermuda, which the Bulgarian company owns. Somewhere in the world there is a server that functions as a VoIP caller. It calls over a rented line to Bulgaria and sets up connections to different places around the world, all going by the cable access bought via Bulgaria from own Bermuda company. No one can track the scam and by the way, the company can also hold on to VAT instead of paying it to Bulgaria and countries it calls to. This is an easy and efficient way of moving large amount of money quickly, digitally and untraceably, all over the world.

But back to Galmond. The court case in Switzerland showed he laundered money, with Bermuda companies involved. Bermuda authorities aren’t known to be hyper-sensitive to the origin of the money sloshing around in Bermuda companies. But because money laundering in the IPOC Bermuda companies was virtually proven in a Swiss Court Bermuda decided to liquidate IPOC companies in Bermuda. In 2008, IPOC pleaded guilty of furnishing false information and perverting the course of justice in the BVI, with the BVI authorities confiscating $45m from IPOC companies. And so on.

Inter-group loans, loans between related parties and high consultancy fees were all prominent in the companies owned by the Icelandic high-fliers before the collapse of the Icelandic banks. The major shareholders of the Icelandic banks all had companies that were set up in intricately complicated ways, stretching between many secret jurisdictions. As the SIC report shows the documentation in the banks and the companies left much to be desired.

This doesn’t mean that these companies were huge money laundering schemes. Not at all. But it’s interesting that a lawyer, known to be have run money laundering companies, also had well-known Icelandic clients. The rumours about money laundering and Russian connections in the Icelandic banks never died out. I’m not jumping to any conclusions but the fact is that prominent members of the Icelandic business community used a lawyer who is a proven expert in money laundering and closely connected to powerful Russians.*

*I have been told that the US Federal Reserve released a report (before 2008) on money laundering in the world where the Icelandic banks were mentioned. Unfortunately, I have never seen this report – I’m told it was classified and consequently it doesn’t appear amongst the Feds published material. If anyone has a copy,  I would be most grateful to see it. 

Follow me on Twitter for running updates.

Written by Sigrún Davídsdóttir

December 15th, 2011 at 12:21 am

Posted in Iceland

159 Responses to 'Galmond and his Icelandic ties'

Subscribe to comments with RSS or TrackBack to 'Galmond and his Icelandic ties'.

  1. On the Fed’s site the only thing that comes up is Landsbanki wanting to establish a branch in New York in 2007 and then withdrawing the application in Nov 2008. You may have already seen all this, but in case you haven’t –

    http://www.federalreserve.gov/releases/h2/20070714/newyork.htm

    http://www.federalreserve.gov/Releases/H2/20081129/delactions.htm

  2. Thank you. No, hadn’t seen it but knew that Landsbanki was looking at ways to enter the US market. – The report I’m looking for is, as far as I understand, classified and only distributed as such, ie not published. I will make that clear in the footnote.

  3. Many thanks for your excellent work and best wishes for the new year
    Christian

    Goupil

    1 Jan 12 at 11:13 am

  4. […] took over the Lardner and Ingimarsson venture, essentially the story told in Euromoney in 2002 (see earlier […]

  5. Diversion Roblox, as numerous connected with our person who reads would make out, is
    really a especially favorite on the web match software. Except to take pleasure from Roblox, you could have to cover currency as a consequence acquire impressive often known as Robux.
    In the event you really like sport otherwise am situated drawn addicted to on the net match, the hobby container feed a lot of money.
    That’s since you also must pay for various Roblox merchandises
    after that matches at Robux. While getting pleasure from Roblox,
    every once in awhile you could have reason “Exactly how to obtain cost-free Robux the straightforward aspect?” to help you to finish them with Roblox.
    Robux explicated. In reality, Robux is usually a materialize connected with on the internet currency
    that will you utilize by the side of Roblox. Of course,
    you can spent funds to get Robux as a consequence have used them to acquire various Avatars or perhaps partners
    from the activity or perhaps for a moment update amusement.
    That’s because Roblox doesn’t endure fiat currency or perhaps regular income.

    As an alternative, you’ve to buy Robux in reimbursing wealth along with switch them to your
    updates, partner in crime, as a consequence Avatars. Nevertheless let’s say I
    showed you there are around 10 different ways to have uninhibited Robux?
    Indeed, perfectly on the house. Understanding that each one of these ways
    to have unbound Robux transpire 100% legitimate? Wouldn’t
    to been real fascinating? So if you like Roblox, stack going through.
    Because without hesitation I’m gonna discuss just how toward
    gratis myself. Search out boundless Robux. Rather than we inception conferring how to
    get free of charge Robux, this is somewhat it is advisable to grasp.
    You’ll find over 120 mil in action Roblox consumers at the time of mid-2021.
    And several of which used up these streets and methods to prevail on emancipated Robux complete various gratis robux
    causing program afterward applications, the to a great extent necessitated virtual currency for Roblox.

    Thus, in the following paragraphs, I am going to talk about the reputable
    line of attack to obtain limitless Robux as of Roblux.

    The way to get at no cost Robux in Roblox? Swagbucks is among the main on the web scrutiny communes inside the the human race.

    They reward people with SB Dots for every single examination you overall on-line.
    Clothed in up to date 30 days, Swagbucks lives allocating fellow member involving it is on the internet review
    cooperative spirit to replace their particular compensate positions
    designed for various incentives, adding in Robux gift tag.
    To get uncontrolled Robux, become a Swagbucks organ and initiate make.
    ZoomBucks can be a website everyplace you’ll be able to generate positions pro looking at public notice, videos,
    and teasing some of their particular diversion. They
    provide an individual two selections. One of these would be to discussion your current stages in favor of dollars.
    In addition to the flash is to grasp Robux secret language inturn on your hearts.

    You might basic at the very least 5,000 tops toward trade in representing Robux languages.
    Making ready designed for Roblox. Roblox doesn’t truly share without charge Robux in the direction of completely a person the same as advantages.
    Nonetheless, the party compensates online game developers with
    the Roblox program with uninhibited Robux values.
    How much secret code or even Robux a person gain is determined by many components.

    The very first is alive that this video game anyone polish be required
    to transpire playable next to Roblox next the ballet company requirement say you will that with regard to his or her software.

    The succeeding lives with the intention of it ought to be a
    good easy-to-use ready with the intention of everybody can easily have
    the benefit of.

    free robux portal

    21 Oct 21 at 7:53 pm

  6. https://paper.li/~/publisher/6de938ae-cacb-4755-95e1-a9cc48e60963

    Galmond and his Icelandic ties at Sigrún Davíðsdóttir's Icelog

  7. Rochelle

    Galmond and his Icelandic ties at Sigrún Davíðsdóttir's Icelog

    Rochelle

    19 Nov 21 at 11:22 am

  8. Thanks for sharing your thoughts about forex rates.
    Regards

    exness怎麽樣

    25 Dec 21 at 1:43 am

  9. Serwis nrynek.pl przeznaczony jest aby korzystać z darmowego portalu ogłoszeniowego
    nrynek.pl mogą wszyscy bez wyjątku osoby fizyczne, firmy, stowarzyszenia, instytucje.

    Dajemy możliwość dodania i znalezienia dla siebie oferty
    na sprzedaż, kupno, zamianę oraz również oddam za darmo.

    Oferty publikowane na naszym portalu widoczne są nie
    tylko lokalnie w małych miejscowościach, czy też w
    największych miastach w Polsce ale również na całym świecie, można
    ja dodać za darmo w języku angielskim lub
    niemieckim.
    Wszyscy użytkownicy mogą bez rejestracji przeglądać i szukać ogłoszenia dodane za darmo po przez prostą jak i zaawansowaną wyszukiwarkę aby
    jak najszybciej znaleźć to czego szukają.

    Jeśli chcesz sprzedać lub kupić mieszkanie,
    dom, samochód, sprzęt, odzież, zabawki, meble, cokolwiek innego co jest używane lub nowe,
    ogłoś lub znajdź w naszym serwisie nrynek.pl, który w sposób prosty i przejrzysty to umożliwia.

    Jako serwis służymy tylko publikacją ogłoszeń, nie sprzedajemy żadnych towarów, usług, użytkownicy sami ze sobą się kontaktują i nie
    bierzemy odpowiedzialności za ich zachowanie, po zamieszczeniu ogłoszenia.

    Dodać ogłoszenie za darmo to naprawdę
    nic trudnego w naszym portalu dodawanie ogłoszenia jest
    szybkie i proste, krótka rejestracja lub zalogowanie
    się poprzez konto na Facebook albo Google, wybierasz kategorię lub
    też podkategorię ogłoszenia, miasto, kontakt do siebie i możesz rozpocząć
    publikację w sieci.
    Nasz Portal zamieszcza i publikuje za darmo ogłoszenia w rozmaitych głównych kategoriach
    produktowych oraz usługowych, dając możliwość wyboru ich podkategorii.

    W naszym serwisie dodasz za darmo ofertę korzystając z aplikacji mobilnej poprzez twój telefon.
    Jeśli chcesz aby twoje ogłoszenie było bardziej widoczne umożliwiamy opcje różnej płatnej promocji twojej oferty.

    Można na naszym portalu w bezpłatnym katalogu firm umieścić swoją
    stronę firmową z ogłoszeniami, produktami lub usługami, aby w ten sposób być bardziej widocznym dla innych odwiedzających lub szukających
    ogłoszeń.
    Daje to możliwość darmowej promocji firmy w Internecie budując zaufanie i prestiż poprzez reklamę swojej firmy zyskaj więcej zadowolonych
    klientów i użytkowników.
    Pozwól swojej firmie przedstawić swoje produkty lub usługi.

    Dodając ogłoszenie, ofertę lub usługę nic nie tracisz, umieszczenie na nrynek.pl jest za darmo, kosztuje Cię
    to tylko zamieszczenie zdjęcia, klika słów o ofercie
    w opisie lub wybór z pól określonych cech i po zatwierdzeniu
    ogłoszenia, natychmiast jest ono widoczne w naszym serwisie.

    Widoczność ogłoszenia jest uzależniona od twojego wyboru na jaki okres ma być
    publikowane.
    Zarządzasz swoimi ogłoszeniami tak jak chcesz ze swojego panelu ofert lub
    usług.
    Szukając dla siebie tego co potrzebujesz korzystając z naszej
    wyszukiwarki znajdziesz dla siebie zupełnie bez
    rejestrowania się lub logowania to czego potrzebujesz a być może okazji lub promocji produktu, towaru lub usługi.

    Ogłosić na nrynek.pl można wszystko co tylko chcesz z wybranych
    kategorii i ich podrzędnych podkategorii.
    Jeśli masz jakiś używany przedmiot, rzecz lub cokolwiek
    innego zamieść ofertę o sprzedaży, zamianie lub oddaj za darmo a być może znajdzie się ktoś kto czegoś takiego szuka i
    skontaktuje się z tobą.
    Świadczysz usługi sam lub jako firma też możesz to ogłosić na
    naszym serwisie nrynek.pl.
    Pamiętaj że ogłoszenia są przez nas weryfikowane w celu zadbania o jakość naszego serwisu.

    Dostępność naszego serwisu nrynek.pl jest dla wszystkich którzy szukają, chcą sprzedać, kupić, wynająć, zamienić, oddać
    za darmo.
    Wszystkie ogłoszenia są darmowe i bezpłatne, tylko dodatkowa promocja jest odpłatna.

    opublikuj ofertę

    17 Feb 22 at 2:55 pm

  10. medunitsa.ru Medunitsa.ru

    medunitsa.ru

    19 Sep 22 at 10:28 pm

  11. Sports betting, football betting, cricket betting, euroleague football betting, aviator
    games, aviator games money – first deposit bonus up to 500
    euros.Sign up bonus

    formula1 Betting

    20 Sep 22 at 8:45 am

  12. What’s Going down i’m new to this, I stumbled upon this I’ve
    found It absolutely useful and it has helped me
    out loads. I’m hoping to give a contribution & assist different
    customers like its helped me. Great job.

    Bertha

    22 Oct 22 at 7:53 am

  13. Pretty section of content. I just stumbled upon your site and in accession capital
    to assert that I acquire in fact enjoyed account your blog posts.
    Any way I’ll be subscribing to your augment and even I achievement
    you access consistently fast.

  14. I feel this is one of the most vital info for me. Andd i’m satisfied reading your article.
    But wanna commentary on some basic issues, The website style is
    ideal, thee articles is in point of fact nice : D.

    Justt right process, cheers

    Also visot my page; hair removal

    hair removal

    20 Jan 23 at 5:58 am

  15. Can I just say what a relief to find a person that really understands
    what they’re discussing on the web. You certainly realize how to bring an issue
    to light and make it important. A lot more people should check this
    out and understand this side of the story. It’s surprising
    you aren’t more popular given that you certainly
    have the gift.

    beta99 gaming

    23 Jan 23 at 1:43 am

  16. Hi there it’s me, I am also visiting this web
    page daily, this website is really good and
    the users are truly sharing pleasant thoughts.

    my weeb site – new technplogy in cars (3eparty.com)

    3eparty.com

    1 Feb 23 at 9:02 pm

  17. Hi mates, its impressive post concerning teachingand entirely
    defined, keep it up all the time.

  18. I got this web site from my buddy who inmformed me regarding this web page and
    at the moment this time I am browsing this web page and reading very infomative posts at this time.

    Here iss my page – basketball Newss (Ethiopiangasha.org)

  19. Best shopping online community. Fastest shipment .Can’t wish for more . Simply amazing.

    lookick

    19 Mar 23 at 4:43 pm

  20. There’s certainly a lot to find out about this topic.

    I like all of the points you’ve made.

    koinslot888

    22 Mar 23 at 5:19 pm

  21. It’s an amazing paragraph іn favor of aⅼl the web
    visitors; theʏ wіll get benefit fгom it Ι am ѕure.

    my blog – lightfootball; Mandy,

    Mandy

    18 Apr 23 at 9:40 pm

  22. WOW just what I wаs ⅼooking fⲟr. Ⲥame here by
    searching for gampaibet – Gampaibet.com

    Gampaibet.com

    19 Apr 23 at 3:37 am

  23. This handbag is perfect for carrying my baby’s essentials.

    telfar bags

    21 Apr 23 at 12:41 am

  24. And then The Hollywood Reporter (opens in new tab) broke the news about the
    latest megastar to affix the Fast & Furious world.

    Fast x movie

    21 May 23 at 12:47 pm

  25. you could have a fantastic weblog here! would you prefer to make some invite posts on my weblog?

    daftar rmslot

    25 Jul 23 at 4:38 pm

  26. Unquestionably imagine that which you said. Your favorite
    reason appeared to be at the web the easiest thing to keep in mind of.

    I say to you, I definitely get annoyed whilst people think about issues that they just
    don’t realize about. You managed to hit the nail upon the highest and also outlined out the whole thing without having
    side effect , other folks can take a signal. Will probably
    be back to get more. Thanks

  27. very good jon mate. very useful cute

    buy youtube

    23 Sep 23 at 7:00 pm

  28. WONDERFUL Post.thanks for share..more wait .. ?

    curry 9

    25 Oct 23 at 12:10 am

  29. Rest assured, you can play our on-line casino games for genuine cash payouts.

    Great site

    1 Nov 23 at 1:42 pm

  30. If on the web baccarat is legal in your state, you can play
    it on a licensed casino like Unibet.

  31. I and my guys came taking note of the nice information and facts on your site while immediately developed a horrible suspicion I never expressed respect to the web site owner for those secrets. My men were definitely as a consequence stimulated to study them and have in effect clearly been loving these things. Appreciate your getting quite thoughtful as well as for going for this sort of wonderful themes most people are really desirous to learn about. My very own honest apologies for not saying thanks to you sooner.

    off white hoodie

    21 Jan 24 at 6:24 pm

  32. instagram ücretsiz beğeni

    Beğeni hilesi

    19 Mar 24 at 2:06 am

  33. Pas, Kireç ve Tortu Sökücü

  34. instagram hack child porn

  35. betine yeni giriş adresi https://twitter.com/betinegiriss

    Eleni Feiertag

    20 Apr 24 at 12:26 am

  36. En uygun fiyatlı premium likit https://www.falconkimya.com/

    Rufus Kalan

    19 May 24 at 10:37 am

  37. This article is a gem, thanks for sharing! Regards, Pasang Iklan Properti

  38. At your service Agen888 next level

    Agen888

    22 Jul 24 at 11:08 am

  39. May I asked for your contact? Reply to my email Agen888

    Agen888

    22 Jul 24 at 9:01 pm

  40. Couldn’t have found a better source of information Thanks for sharing! Pasang Iklan Properti Gratis

  41. This blog consistently provides valuable insights Warm regards from IDProperticom

  42. Your articles never disappoint Thank you for sharing your knowledge! IDProperticom

  43. Your blog is a great resource, and this post was particularly insightful. Cheers, Pasang Iklan Properti Gratis

  44. I really enjoyed this post. Your insights are very valuable. Cheers, Pasang Iklan Properti Gratis

  45. Saya benar-benar terkesan dengan kualitas artikel ini. Penjelasan yang mendalam dan gaya penulisan yang menarik membuat bacaan ini sangat menyenangkan. Saya merasa lebih berpengetahuan setelah membaca ini. Terima kasih atas karya yang sangat bermanfaat ini. Salam hangat, Pasang Iklan Properti Gratis

  46. Bacaan ini benar-benar menunjukkan keahlian Anda dalam menjelaskan topik yang rumit dengan cara yang sangat jelas dan mendalam. Setiap bagian memberikan wawasan baru yang sangat berguna. Terima kasih atas artikel yang sangat informatif ini. Salam sukses, Pasang Iklan Properti Gratis

    Iklan Sewa Rumah

    17 Sep 24 at 10:54 pm

  47. What a fantastic article! The quality of your writing and the depth of your insights are impressive. You’ve managed to present complex information in an engaging and accessible way. I’m thoroughly impressed by this exceptional piece of work. Best regards, Pasang Iklan Properti Gratis

  48. Artikel Anda sangat informatif. Menunggu postingan selanjutnya! Salam, Pasang Iklan Properti Gratis

  49. Meninggalkan komentar untuk menjadikannya viral, terima kasih dari IDProperti.com | Pasang Iklan Properti Gratis

  50. Blog yang paling menarik kontennya ya disini, terima kasih dari IDProperti.com | Pasang Iklan Properti Gratis

  51. Sungguh artikel yang sangat menginspirasi. Terima kasih atas berbaginya. Salam dari IDProperti.com | Pasang Iklan Properti Gratis

  52. Terima kasih atas artikel yang bermanfaat. Semangat dari IDProperti.com | Pasang Iklan Properti Gratis

  53. This was an excellent read! Your writing is clear and insightful. Regards, Pasang Iklan Properti Gratis

  54. Thanks, this is a really great article Regards, Pasang Iklan Properti Gratis

  55. I’m amazed by the quality of this article. Your ability to break down complex concepts and present them in an engaging and accessible way is outstanding. The depth of your research and the clarity of your writing make this a truly valuable read. Best regards, Pasang Iklan Properti Gratis

  56. Website ini memang pilihan terbaik untuk membaca artikel berkualitas. Terima kasih telah berbagi, IDProperti.com | Pasang Iklan Properti Gratis

  57. Great content as always! I appreciate the effort you put into this. Cheers, Pasang Iklan Properti Gratis

  58. Terima kasih atas artikelnya. Salam kenal dari : IDProperti.com | Pasang Iklan Properti Gratis

  59. Always impressed by the depth of your articles Pasang Iklan Properti Gratis

  60. Informasi dari teman, ternyata isinya memang bermanfaat semua. Terima kasih, IDProperti.com | Pasang Iklan Properti Gratis

  61. Put your listing here : Pasang Iklan Properti Gratis, your listings will sold out in a blink

  62. Tulisan yang menarik, terima kasih atas berbaginya. Salam dari IDProperti.com | Pasang Iklan Properti Gratis

  63. Always a pleasure to read your well-crafted articles Thank you from IDProperticom!

  64. This is an outstanding article! The level of detail and the clarity of your writing are exceptional. Your ability to convey complex ideas with such precision and accessibility is truly impressive. I’ve gained so much from this piece. Thank you for sharing your expertise. Best regards, Pasang Iklan Properti Gratis

  65. Wow, this article is incredible! The level of detail and the clarity of your writing are exceptional. You’ve managed to present complex ideas in an engaging and accessible way. I’m thoroughly impressed by this outstanding piece of work. Thank you for sharing. Best regards, Pasang Iklan Properti Gratis

    Kost Cepat Laku

    20 Sep 24 at 5:38 am

  66. Harus meninggalkan komentar untuk artikel yang inspiratif seperti ini, terima kasih dari IDProperti.com | Pasang Iklan Properti Gratis

    Iklan Properti

    20 Sep 24 at 7:09 am

  67. Informasi dari teman, ternyata isinya memang bermanfaat semua. Terima kasih, IDProperti.com | Pasang Iklan Properti Gratis

    Iklan Sewa Rumah

    20 Sep 24 at 9:02 am

  68. I’m always amazed by the quality of your articles Regards, Pasang Iklan Properti Gratis

  69. Kapan pun harus meninggalkan komentar untuk artikel yang bagus. Salam dari IDProperti.com | Pasang Iklan Properti Gratis

  70. Your articles consistently deliver Thank you for sharing your expertise IDProperticom

  71. This article was a pleasure to read. Thanks for the great content! Best wishes, Pasang Iklan Properti Gratis

  72. Your expertise is evident in this post. Great job! Regards, Pasang Iklan Properti Gratis

  73. Salam persahabatan dari IDProperti.com | Pasang Iklan Properti Gratis, saya pasti akan berkunjung ke website Anda juga!

  74. I was very happy to uncover this site. I wanted to thank you for
    ones time for this particularly wonderful read!! I definitely enjoyed every part
    of it and I have you book-marked to look at new information in your web site.

  75. What i do not realize is in fact how you are now not really a lot more well-preferred than you
    may be right now. You are so intelligent. You know therefore significantly in the case of this subject,
    made me in my opinion believe it from a lot of numerous angles.

    Its like men and women are not involved except
    it is one thing to do with Lady gaga! Your personal stuffs great.
    At all times maintain it up!

    Maxwin3030 Slot

    18 Dec 24 at 5:41 pm

  76. Your articles are consistently enlightening and enjoyable Thank you from IDProperticom!

  77. Artikel yang sangat menarik, sangat berterima kasih telah berbagi. IDProperti.com | Pasang Iklan Properti Gratis

  78. Terima kasih atas artikel yang menarik ini. Salam kenal dari : IDProperti.com | Pasang Iklan Properti Gratis

  79. Salam persahabatan dari IDProperti.com | Pasang Iklan Properti Gratis, saya pasti akan berkunjung ke website Anda juga!

  80. Always a pleasure to read your well-crafted articles Thank you from IDProperticom!

    Hotel Cepat Laku

    19 Dec 24 at 8:19 am

  81. When I need inspiration, I turn to your blog Thank you for sharing valuable insights Regards from IDProperticom

  82. Your articles are consistently enlightening and enjoyable Thank you from IDProperticom!

  83. Tetap semangat dalam berkarya, informasinya sangat bermanfaat. Dari : IDProperti.com | Pasang Iklan Properti Gratis

  84. Salam persahabatan dari IDProperti.com | Pasang Iklan Properti Gratis, jangan lupa kunjungi website kami juga ya

  85. Meninggalkan komentar untuk menjadikannya viral, terima kasih dari IDProperti.com | Pasang Iklan Properti Gratis

  86. Artikel ini adalah contoh dari penulisan yang luar biasa dan sangat bermanfaat. Setiap bagian ditulis dengan sangat jelas dan mendalam, memberikan wawasan baru yang berharga. Terima kasih atas kontribusi yang sangat informatif ini. Salam hangat, Pasang Iklan Properti Gratis

  87. Saya sangat menghargai konten di sini. Silakan kunjungi blog saya juga, Pasang Iklan Properti Gratis

  88. Your perspective resonates deeply with me Warm regards from IDProperticom

    Pasang Iklan Kost

    20 Dec 24 at 7:49 am

  89. Bacaan ini menunjukkan dedikasi dan keahlian Anda dalam penulisan. Anda telah berhasil menjelaskan topik yang rumit dengan cara yang sangat jelas dan terperinci. Terima kasih atas artikel yang sangat bermanfaat ini. Salam hangat, Pasang Iklan Properti Gratis

  90. I value the effort you put into your articles Keep up the great work! From IDProperticom

  91. Always a pleasure to read your well-crafted articles Thank you from IDProperticom!

  92. Your articles consistently deliver Thank you for sharing your expertise IDProperticom

  93. Saya benar-benar terkesan dengan artikel ini! Penjelasan yang Anda berikan sangat mendetail dan mudah dipahami. Bacaan ini sangat bermanfaat dan membuka wawasan baru. Terima kasih banyak atas karya yang sangat berharga ini. Salam sukses, Pasang Iklan Properti Gratis

  94. Salam kenal admin, pasti akan sering berkunjung ke website Anda juga. IDProperti.com | Pasang Iklan Properti Gratis

  95. Your articles never disappoint Thank you for sharing your knowledge! IDProperticom

  96. Menikmati bacaan ini dan mendapatkan banyak pelajaran. Kunjungi situs saya juga, Pasang Iklan Properti Gratis

  97. This blog consistently provides valuable insights Warm regards from IDProperticom

  98. Informasi dari teman, ternyata isinya memang bermanfaat semua. Terima kasih, IDProperti.com | Pasang Iklan Properti Gratis

  99. Lisanslı Kumar Siteleri https://chungmaa.com/

  100. Informasi dari teman, ternyata isinya memang bermanfaat semua. Terima kasih, IDProperti.com | Pasang Iklan Properti Gratis

  101. Bacaan ini sangat mengesankan dengan kedalaman analisis dan penjelasan yang jelas. Anda telah berhasil membuat topik yang rumit menjadi lebih mudah dipahami dan menarik. Terima kasih atas artikel yang sangat bermanfaat ini. Salam sukses, Pasang Iklan Properti Gratis

  102. Your blog is a great resource, and this post was particularly insightful. Cheers, Pasang Iklan Properti Gratis

    Cara Iklan Rumah

    17 Feb 25 at 6:30 am

  103. When I need inspiration, I turn to your blog Thank you for sharing valuable insights Regards from IDProperticom

  104. Great insights and well-presented content. Thanks for another excellent article! Regards, Pasang Iklan Properti Gratis

  105. Leaving a comment here is a must Very inspiring Thanks, IDProperticom!

  106. What a fantastic article! Your writing is engaging and your insights are incredibly valuable. The level of detail and the quality of your analysis are outstanding. I’m thoroughly impressed by the depth of your knowledge and the clarity of your presentation. Thank you for this excellent piece. Regards, Pasang Iklan Properti Gratis

  107. When I need inspiration, I turn to your blog Thank you for sharing valuable insights Regards from IDProperticom

  108. Simplifying A Difficult Senior Planning Decision: The Family Home As Father Time marches on, the question of what to do with the home becomes a greater concern. In some cases, ruminating on the alternatives can dominate one's thinking. If a person is aware of t [read more..]

    Matthew Carter

    21 Apr 25 at 1:18 am

  109. 4 Methods To Master The 1 Success Secret Of Infopreneuring (3 of 3) If you don't have good fresh content to use for new products, your momentum comes to a crashing halt and so does your business.So the question begs itself, how do you consistently create new cont [read more..]

    Matthew King

    21 Apr 25 at 1:27 am

  110. Alternatives In Blogging – A Blog Design Solution When internet web site owners devise a blog design solution for their online marketing schemes, they often disregard a lesser known avenue for producing the kind of results that bring enthusiastic vis [read more..]

    Paul Campbell

    21 Apr 25 at 1:28 am

  111. Keyword Phrase: cataract surgery recovery Word Count: 495KWD: 1.01Cataract Surgery RecoveryCataract surgery recovery is by and large quick with little or no problems whatsoever. After cataract surgery procedure, the patients usually go home a [read more..]

    Donald Hernandez

    21 Apr 25 at 1:36 am

  112. Flowers As A Metaphor For Life My dear old Mom won't let anybody buy her flowers. She says she can't stand to watch them die. Which is probably a bit like saying she wouldn't own a puppy because she doesn't wan [read more..]

    Jason Miller

    21 Apr 25 at 2:08 am

  113. When looking around for that perfect piece to complete your dcor, you may have to leave the retails stores behind What is great about finding antique farm tables is that you dont know what you are going to find. There is no one look for these, as tables have been made differently for centuries. Those on farms wer [read more..]

    Laura Anderson

    21 Apr 25 at 2:31 am

  114. Making a Blog Network and Promoting Affiliate Products It is very important for you to choose the right programs. There are just thousands and thousands of products out there that choosing may be a bit difficult. You may be considering using Contextual Af [read more..]

    Patricia Walker

    21 Apr 25 at 2:36 am

  115. New Footcare Product – Distributors Invited Fabulous Products South Africa, owners of the FAB FEET EXFOLIATING SHOWER MAT AND BIO-GELS invite interested parties to tender proposals for distribution of the Fabulous Products.Our feet take a hamme [read more..]

    Margaret Mitchell

    21 Apr 25 at 8:01 am

  116. Law And Order Svu (DVD) Review Nominated for 7 Emmys in its first five seasons, Law Order SVU (Special Victims Unit) continues the success of NBC's blockbuster Law Order franchise. The brainchild of Law Order creator Dick W [read more..]

    Jeffrey Ramirez

    21 Apr 25 at 8:33 am

  117. An Introduction To Cosmetic Dentistry White, evenly shaped teeth enhance the beauty of your face. Cosmetic dentistry offers many treatment options for people who want to improve their teeth. The methods can be as simple as teeth whitening [read more..]

    Edward Young

    21 Apr 25 at 8:34 am

  118. Everybody Loves Raymond (Season 2) DVD Review Premiering in Fall 1996, Everybody Loves Raymond struck an instant chord with TV audiences, becoming a beloved fan favorite that would last for nine successful seasons. Modeled after other successful [read more..]

    Jennifer Lee

    22 Apr 25 at 5:52 am

  119. Herbal Neck Wraps Stiff neck and shoulder pains are the most common discomforts we experience after a long days work. If you spend your day facing your computer, chances are, youll experience neck pains and shoulder ac [read more..]

    Andrew White

    22 Apr 25 at 5:57 am

  120. It is fall, which means that school is just starting up again My personal favorite little college scam perpetuated by professors is that they decide to write college text books and then make them a requirement for purchase for their courses. These college text [read more..]

    Lisa Flores

    22 Apr 25 at 6:01 am

  121. Why Smart People Don’t Know How to Market But whos growing your business while youre busy tending to your clients needs? What are you doing to attract and maintain a steady stream of qualified, motivated prospects? How do you find and keep in [read more..]

    Ronald Lee

    22 Apr 25 at 6:04 am

  122. Hydrangeas For Everyone Hydrangeas are among the most popular of plants. Their huge midsummer flowers can almost stop traffic, but may be tricky to grow. However, with careful selection, virtually all gardeners can enjoy hyd [read more..]

    Lisa Campbell

    22 Apr 25 at 6:09 am

  123. Fish Oil Benefits – 7 Major Fish Oil Health Benefits Fish oil benefits? You bet! Fish oil health benefits are important and wide-ranging. Proven by numerous clinical studies, fish oil benefits range from brain health to heart health to pregnancy health. [read more..]

    Karen Hall

    22 Apr 25 at 6:12 am

  124. Do Certain Subjects Require Specific Hours Of Teaching For Homeschooling My Kid Homeschool parents benefit from technology to enhance and complement traditional ways of teaching on school campus. There are several educational software and teaching packages that can help develop a [read more..]

    Amanda Wilson

    22 Apr 25 at 6:33 pm

  125. The Edge Cigars: Smoke One If You Are Ready Rocky Patel Premium Cigars are gaining popularity among cigar smokers These are fine cigars that suits a cigar aficionados demanding and critical taste. Among the quality cigars offered by Rocky Patel are the Edge cigars. One would love it, and one should try smoking [read more..]

    Paul Rodriguez

    22 Apr 25 at 7:15 pm

  126. Things to Consider Before Being a Baseball Coach Thus you decided to become a trainer of baseball, perhaps because your child had a team but nobody was been willing to intensify to give particular lessons or perhaps you have just a passion to work i [read more..]

    Sarah Williams

    22 Apr 25 at 8:03 pm

  127. Facts about Dog Agility Dog agility trials are becoming more and more popular the world over. They began in England, as so many good things, do, but "agility fever" quickly spread all over the globe. Now there are [read more..]

    Michelle Hall

    22 Apr 25 at 8:06 pm

  128. Everything You wanted To Know About Solar Panels The history of solar panels can be dated back to 1839 as this was the period when French physicist Antoine-Cesar Becquerel made the astonishing discovery of the photovoltaic effect. This surprising di [read more..]

    Christopher Baker

    22 Apr 25 at 8:22 pm

  129. Video Projector TV Technology For the ultimate home theater experience, serious viewers need a video projector and screen combination. Nothing compares to the image quality and screen size that this type of set-up can afford. A va [read more..]

    William Lopez

    22 Apr 25 at 8:28 pm

  130. Article Writers: When to Outsource Are you an article writer? If so, you may prefer writing your own articles. Many writers find doing so much easier and more rewarding, but there may come a point in time when you need to outsource. [read more..]

    Mary Lewis

    22 Apr 25 at 8:36 pm

  131. Landscaping On A Budget It is possible to have an appealing, unique look to your yard without investing thousands of dollars every year in order to do so. Practicing some basic conservation rules can help you to save money a [read more..]

    Edward Perez

    22 Apr 25 at 8:41 pm

  132. Dress up your home with a wall fountain Slowly but surely, many are beginning to realize the sort of effect indoor water fountains can have on their home and that is to say a very dramatic one. Given that indoor water fountains can be had [read more..]

    David Johnson

    22 Apr 25 at 9:25 pm

  133. Email Quick Campaigns For Microsoft Dynamic CRM In the new Microsoft Dynamic CRM 3.0 software, there is a feature that Microsoft developed called Quick Campaigns which utilizes the power of email to take care of some marketing initiatives quickly, [read more..]

    John Flores

    22 Apr 25 at 9:26 pm

  134. The Taming of the Shrew or How to Turn Stubborn Hair into Sedu Hairstyle Have you ever thought of shaving your head bald? If yes, than you have stubborn or rather uncontrollable hair. Such hair claims you a war every day. It leaves you very little space for creativity and [read more..]

    Karen Allen

    22 Apr 25 at 10:06 pm

  135. Penny Stocks and the Investments Recently, investors commence sharing in the penny stocks. This action occurred especially after investors began to realize that they had the ability to invest chump change in a selection of companies. [read more..]

    Karen Clark

    24 Apr 25 at 3:41 am

  136. Nocturne: Lighting Up The River Tyne Nocturne or The Light on the Tyne is a colorful light artwork, which is on Newcastles Queen Elizabeth II Bridge.The Queen Elizabeth II Bridge carries the Tyne and Wear Metro across the River Tyne, bet [read more..]

    Brian Wilson

    24 Apr 25 at 4:09 am

  137. The Safe Way to Get Tanned with California Mystic Tan Booth Booth California Mystic Tan makes use of an Ultraviolet-Free spray-on tanning booth that is designed to provide personalized sunless tanning application to customers regardless of their size, skin typ [read more..]

    Amanda Adams

    24 Apr 25 at 4:19 am

  138. Blood Pressure Monitors Why You Should Consider Monitoring At Home Of all the organs of our body the heart is without doubt the most critical and rightly so as, if it stops pumping blood around the body and delivering vital oxygen to the other organs, including the b [read more..]

    Anthony Brown

    24 Apr 25 at 5:01 am

  139. Water Treatment Fair Water treatment is such a big concern nowadays Water treatment facilities are now built among industrial businesses like factories and other plants. This is done to ensure that the water flowing out from these industries are safe and does not cont [read more..]

    Donna Roberts

    24 Apr 25 at 5:27 am

  140. Morocco Vacations Morocco is a place where sand embraces the sea and snow. The charismatic beauty of the place is such that it lures visitors from around the world. The southern coast of Morocco converges in the Wester [read more..]

    Kevin Garcia

    24 Apr 25 at 5:38 am

  141. African Americans Are Embracing Internet Business There has been strong growth among black people in America when it comes to use of the Internet. Yet African-American adults are still far behind their peers in other ethnic groups. This surge in Inte [read more..]

    Ryan Scott

    24 Apr 25 at 6:18 am

  142. Five Tips to Re-Sexualize Your Self Sex is an important part of your life and your relationship. Its essential that you enjoy it. The conditioning on the body to be sexual and reproduce is the strongest on the planet. It is the second s [read more..]

    Susan Baker

    24 Apr 25 at 6:49 am

  143. Demystifying Sciatica What is sciatica? Sciatica is the official name given to a pain in the leg, foot, or buttock, brought on by a form of irritation to the sciatic nerve, the longest nerve in the entire body.Sciatica is [read more..]

    Michael Torres

    24 Apr 25 at 7:20 am

  144. Considering Becoming A Life Coach As life coaching is gaining popularity, so is interest in becoming a life coach. Many people love the idea of working for themselves and being in a profession that helps others. If you are thinking ab [read more..]

    Rebecca Smith

    24 Apr 25 at 9:02 am

  145. Acapulco Hotel Prices Summary: There are hundreds to choose from so finding the best priced Acapulco hotel should be no problem Probably the hardest thing to consider when planning a vacation is choosing where to lodge. Th [read more..]

    Deborah Carter

    24 Apr 25 at 9:12 am

  146. Home Theatre – What Difference Do Cables Make If you go to your local home theater store, you may be confronted by a variety of extreme sounding names for cabling: Mega Cables, Monster Cables, Uber Cables the proliferation of boutique cabling is [read more..]

    Jennifer Jones

    24 Apr 25 at 9:27 am

  147. Why Having A Weight Loss Plan Make Sense America is now in the middle of a health crisis of tremendous proportions. Millions of Americans are now overweight and a very significant number had already been classified as obese. Obesity is now [read more..]

    Nancy Williams

    24 Apr 25 at 9:29 am

  148. Should You Learn Guitar Chords In Each Key When first starting to learn guitar chords, one of the most difficult tasks to master is to get your fingers to do what you want them to do. Independence does not come easily. This is why most beginni [read more..]

    Rebecca Baker

    24 Apr 25 at 9:32 am

  149. What’s A Pen Drive A Pen Drive is a removable storage device that plugs into a computer's USB port. Small enough to carry on a key ring, Pen Drives are great for transferring photos, music, documents and any other [read more..]

    Mary Clark

    24 Apr 25 at 9:45 am

  150. As A Homeowner, Fulfill Your All Desires With Personal Loans Personal loans are the loans that are given to fulfill personal desires. Its true that without money fulfilling personal desires sounds like building a castle in the sky. And to arrange this monetary [read more..]

    Matthew Young

    24 Apr 25 at 10:41 am

  151. Using Blogs For Affilate And Adsense Profits Combined How do you set up a blog for effective affilate and Adsense profits?Here is the low down of how it's done and some of the in's and outs of rss.For this example I will use web hosting as the [read more..]

    Jennifer Smith

    24 Apr 25 at 10:47 am

  152. Finding Solutions For Your Bankruptcy Florida Filing for bankruptcy can be daunting for any person or family, and it is a decision that should not be entered into lightly. You may not be able to pay off your debts for a variety of reasons, and wi [read more..]

  153. Asian Massage Therapy There are several forms of ancient Asian massage still being practiced in the world today. Asian massage techniques are ancient healing rituals developed over the centuries in India and the Far East. [read more..]

    Edward Mitchell

    24 Apr 25 at 11:03 am

  154. Creating Sitemaps For Google, MSN AND Yahoo If you own or maintain a website or intend to own one, wouldn't it be great if you get frequent visitors who find satisfaction in getting exactly the information they need from your page?While th [read more..]

    Robert Clark

    24 Apr 25 at 11:29 am

  155. Learning to sail Many people learn to sail by going sailing with their friends or parents. But how do you get started if you do not know anybody with a boat? Or perhaps you want to undertake formal training to acquir [read more..]

    Rebecca Young

    24 Apr 25 at 11:35 am

  156. The Adverse Effects of Whey Protein Supplementation A few years ago, scientific studies have shown that through increasing the daily dose of protein specifically derived from dairy products can help increase muscle gain and boost the energy levels of the The newest wonder supplement was soon identified as whey protein and the news predictably spread like wildfire among health enthusiasts, body builders and sports athletes. It created quite a stir sinc [read more..]

    Robert Anderson

    24 Apr 25 at 11:49 am

  157. Create your own Streaming Audio studio for under 50 Creating your own Streaming Audio audio studio has never been easier. There are so many great products around today that will allow you to produce high quality streaming audio for a fraction of the pr [read more..]

    Robert Brown

    24 Apr 25 at 11:58 am

  158. National Payday Loan Payday lending or making payday loans is now a booming industry, and with life getting tougher for many people each and every day, it's only ever going to keep expanding.At the same time, it&#039 [read more..]

    Sharon Jones

    24 Apr 25 at 12:26 pm

  159. ‘No Audio Device’ Error If you have experienced a Windows "No Audio Device" error, it most likely means that your sound card is not installed properly. Even though other problems can cause this error, an improperly [read more..]

    Cynthia Rivera

    24 Apr 25 at 1:48 pm

Leave a Reply