Search Results for: Fraud
Charges announced for a nearly billion dollar Ponzi scheme
January 30th, 2020
The Securities and Exchange Commission (SEC) has issued an announcement to inform that has charged a California-based couple with orchestrating a nearly billion-dollar Ponzi scheme involving alternative energy tax credits. According to the SEC’s complaint, Jeffrey and Paulette Carpoff raised approximately $910 million ...
Gold’s outlook for 2020
January 3rd, 2020
This article is an overview of the economic conditions that will drive the gold price in 2020 and beyond. The turn of the credit cycle, the effect on government deficits and how they are to be financed are addressed. ...
Internet provider faces big GDPR fine for lax call centre checks
December 30th, 2019
A German internet service provider faces a €9.6m ($10.6m; £8m) fine after being accused of failing to carry out tough enough customer ID checks. Germany’s data protection watchdog said anyone who called 1&1 Telecom could get extensive personal information ...
iSignthis shares its Annual Risk Classification of Customers
December 18th, 2019
iSignthis Ltd (ASX: ISX|DE: TA8)(“the Company”) is required under European Anti Money Laundering Regulation to classify its customers by risk levels (low, medium or high-risk) for its wholly-owned, prudentially regulated electronic-money services subsidiary, iSignthis eMoney Ltd. These classifications of ...
150 years of bank credit expansion is near its end
November 22nd, 2019
The legal formalisation of the creation of bank credit commenced with England’s 1844 Bank Charter Act. It has led to a regular cycle of expansion and collapse of outstanding bank credit. Erroneously attributed to business, the origin of ...
Plans for a global Dystopia
November 14th, 2019
Global policy planners intend to deliver replacements for both dollar hegemony and fossil fuels. Plans may appear uncoordinated and in their early stages, but these issues are becoming increasingly linked. A monetary reset incorporating state-sponsored cryptocurrencies will enable ...
iSignthis: Extreme Growth Continues…with Free Cash Flow
October 25th, 2019
Actual Annualised GPTV exceeds A$1.9bn (Up↑ 360% from 30th June) Operating Cashflow Positive (Q3) : $1.067m (FCF) Cash Receipts : $8.326m UP↑ 38.5% QoQ from $6.01m (Q2 2019) 3Q2019 Revenues $8.58m UP↑ 36% from $6.3m 2Q2019 3rd QTR 2019 ...
Teenage trader lost £500,000 as he
led luxury lifestyle with supercars
October 3rd, 2019
A teenager who drove luxury cars while claiming to be a millionaire trader lost £500,000 of investors’ cash and has been reported to authorities. Morgan Reeve, from Hunstanton, set up Morgan FX Limited in July last year and bragged ...
Measuring Recession
September 20th, 2019
Using nominal GDP, or GDP deflated by the CPI, as the principal guide to the state of the economy is a common mistake which will eventually prove very costly. Having convinced themselves that GDP measures economic progress, government ...
Raid on Chinese-manned firm exposes cryptocurrency scam
September 17th, 2019
Philippines local authorities acting on a tip from the Chinese government have uncovered what could be a growing online investment scam hiding behind a fledgling industry based in one of the country’s special economic zones. This was after government ...
