Search Results for: BRIC
Alleged Commodity Pool Fraud Took in More than $3.1 Million from at Least 72 Pool Participants
October 12th, 2017
The Commodity Futures Trading Commission (CFTC) announced the filing of a Complaint on October 2, 2017, in the U.S. District Court for the Central District of California. The CFTC Complaint, filed under seal, charges Defendants Scott Allensworth (d/b/a Capital ...
Feds Miss out on $600 Million Payday in Silk Road Bitcoin Auction
October 9th, 2017
The U.S. Department of Justice recently claimed the proceeds from the sale of 144,336 bitcoins found in Ross Ulbricht’s laptop, gained from Silk Road’s seizure in 2013. Claiming the proceeds took a couple of years, and netted the government little over ...
The upcoming increase in interest rates
October 6th, 2017
Last week, both Janet Yellen of the Fed and Mark Carney of the Bank of England prepared financial markets for interest rate increases. The working assumption should be that this was coordinated, and that both the ECB and ...
European Commission welcome digital taxation proposal
September 12th, 2017
The European Commission has today welcomed a joint proposal from the so-called Big Four member states – France, Germany, Italy and Spain – on the taxation of large digital companies. The Irish Government is, however, expected to express caution ...
Lego to axe 1,400 jobs
September 6th, 2017
Lego is to cut 1,400 jobs before the end of the year in a bid to scale back the 85-year-old business after suffering its first drop in sales in more than a decade. The Danish toymaker said it was ...
Companies Begin Paying Taiwan’s New ‘Netflix Tax’
August 24th, 2017
Taiwan has said that a total of 45 overseas providers of electronic services have filed value-added tax returns in respect of electronic supplies to the domestic market, under the territory’s new “Netflix tax.” On December 28, 2016, Taiwan’s President ...
Investment adviser charged with defrauding professional athlete and his wife
August 23rd, 2017
The Securities and Exchange Commission today charged investment adviser Jeremy Drake with defrauding two clients, a high profile professional athlete and the athlete’s wife, by deceiving them about the investment advisory fees they were paying. The SEC alleges that ...
LSEG and IBM to develop securities data blockchain solution for European SMEs
July 19th, 2017
Borsa Italiana project plans to digitize securities certificate data to simplify issuance and management of shareholding information Solution aims to create a shared registry of shareholder transaction records Blockchain technology helps expand SMEs’ access to credit and enable shareholder ...
The Largest Producer of Memory Chips in the World Invests Billions to Produce More of Them
July 4th, 2017
Samsung Electronics Begins Mass Production at New Semiconductor Plant in Pyeongtaek, South Korea Samsung Electronics, a world leader in advanced semiconductor technology, today announced that its new semiconductor fabrication line in Pyeongtaek, South Korea, has begun mass production and ...
Teddy Sagi sold block of shares in Playtech for £337 million
June 29th, 2017
Teddy Sagi continues to sell shares in gambling software company Playtech plc. Through a placement by Brickington Trading Limited, Sagi has sold 36.5 million ordinary shares, representing approximately 11.5% of the issued share capital of the company at a ...
