Search Results for: EU Court
A resident of Denmark charged in $1.5 million Forex fraud scheme
May 25th, 2020
The Commodity Futures Trading Commission (CFTC) has issued an announcement to inform about the filing of an enforcement action in the U.S. District Court for the Southern District of New York, charging defendant Casper Mikkelsen, a/k/a “Carsten Nielsen,” a/k/a ...
Unintended consequences of monetary inflation
May 15th, 2020
“In short, the Fed is committed to rescue businesses from the greatest economic catastrophe since the great depression and probably even greater than that, to fund the US Government’s rocketing budget deficits, fund the maintenance of domestic consumption ...
Coronavirus and credit – a perfect storm
February 19th, 2020
This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results. At the time of writing, analysts are still trying to get to grips with the virus’s ...
VW accused of emissions cheating in UK’s largest class action lawsuit
December 5th, 2019
Volkswagen Group is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the ...
British pound broke a two-day rising streak
October 8th, 2019
The British pound broke a two-day rising streak and edged lower on Monday as concerns rose that sizeable differences between Britain and the European Union remained for striking a Brexit withdrawal deal. British lawmakers have passed a law requiring ...
Pound Sterling plunges on Brexit uncertainty
September 26th, 2019
“The pound has fallen below $1.24 on Brexit uncertainties, more than offsetting initial gains following the Supreme Court ruling.” Lloyds The Pound to Euro exchange rate is +0.04% higher @ €1.12899 on 26.09.2019 The Pound to US Dollar exchange ...
Google fined nearly €1 billion in ‘historic’ tax fraud ruling
September 23rd, 2019
Google has been ordered to pay nearly €1 billion to the French government over allegations of tax fraud. The ruling comes as European authorities are exploring new ways to clamp down on digital tax evasion. The French government and ...
$125 million offering fraud; ongoing international trading program
September 20th, 2019
The Securities and Exchange Commission (SEC) announced that it has filed an emergency action and obtained a temporary restraining order and asset freeze against three individuals and three entities in connection with an alleged fraudulent, ongoing international trading program ...
Beware of social media-based Forex fraud scheme
July 25th, 2019
Defendant to pay more than $2.9 Million in social media-based Forex fraud scheme. The Commodity Futures Trading Commission (CFTC) announced that U.S. District Court for the Southern District of Texas entered judgment against defendant Kelvin Ramirez of Houston, Texas ...
A whale is accumulating silver futures
July 12th, 2019
Silver’s recent price performance has been disappointing. Normally, it is almost twice as volatile as gold, so when the gold price rises 11%, as it has since last December, you would expect silver to rise about 20%. Instead it ...
