Provide Info On Hezbollah Financial Network Get $10 Million Reward
The US State Department Rewards for Justice Program has announced a reward offer of up to $10 million for any information which leads to the disruption of financial mechanisms of Lebanon’s Hezbollah.
Discover Credit Cards Will Track Gun Purchases From April
Credit card provider Discover Financial Services will soon allow its network to track purchases made using payment cards at gun stores—triggering criticism that such activity leads to targeting gun owners.
Fiat Money Has Won The Battle Against Cryptocurrencies, Says BIS Chief
A report from the International Monetary Fund (IMF) in September 2022, co-authored by BIS Chief Carstens, identifies three shortcomings that preclude cryptocurrencies from serving as a “sound basis for the monetary system,” which shows how fiat money has won the battle against cryptocurrencies.
The Biggest Fraud In German History Linked To Russian Intelligence
Late in the spring of 2020, Jan Marsalek, an Austrian bank executive, was suspended from his job. He was a widely admired figure in the European business community—charismatic, trilingual, and well travelled. Even at his busiest, as the chief operating officer of Wirecard, Germany’s fastest-growing financial-technology company, he would assure subordinates who sought a minute of his time that he had one, just for them. “For you, always,” he used to say. But he would say that to almost everyone.
Blackstone Defaults On $562 Million Bonds
This morning Bloomberg reports that Wall Street’s largest commercial real estate landlord, private equity giant Blackstone, has defaulted on a €531 million ($562 million) bond backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord it acquired in 2018.
Actor Arshad Warsi, 44 Others Banned On Stock Market Over YouTube Scam
Popular Bollywood actor Arshad Warsi and his wife Maria Goretti, are among 45 individuals and companies banned by the Securities and Exchange Board of India (SEBI) from participating in the securities market, officials said on Thursday. The decision comes after an investigation into allegations of share price manipulation by certain entities of two companies, Sharpline Broadcast Ltd and Sadhna Broadcast Ltd, through uploading misleading videos on YouTube channels.
Cyclone-Hit New Zealand Exposes The Risks Of A Cashless Society
The cyclone that tore through New Zealand last week has exposed the dangers of a cashless society, prompting the central bank to consider new ways of ensuring access to physical money when power and telecommunications fail.
Swiss Bankers Charged With Hiding Putin’s Millions
According to a copy of the indictment that was provided to the Financial Times, Swiss bankers were charged with hiding Putin’s millions without questioning the origin of the funds.
Graduate From These 8 US Universities To Become A Centi-Millionaire
A new wealth report by consultancy firm “Henley & Partners” found more than a third of US centi-millionaires graduated from eight universities.
The Trillion-Dollar Coin Idea Is Just Another Way to Rip Us Off
Here we go again. Every few years in Congress there is a purely political battle over the debt ceiling. We’re supposed to be horrified and worried that the US might default on some of its debt. Some commentators will insist the US has never defaulted, and that default be a disaster. (That’s wrong, by the way. The US has defaulted before.)