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Countries affected by the fraud. The CumEx-Files is an investigation by a number of European news media outlets into a tax fraud scheme discovered by them in 2017. [1] A network of banks, stock traders, and lawyers had obtained billions from European treasuries through suspected fraud and speculation involving dividend taxes.
The bond scam is also regarded as the largest reported financial scam in Sri Lanka despite the country's reputation of having a solid visionary banking system over the years. [ 2 ] [ 3 ] This was a major blow to the Sri Lankan economy and was also major setback to the newly elected government under the leadership of Maithripala Sirisena which ...
The government has assumed 1MDB's debts, which includes 30-year bonds due in 2039. [23] In August 2021, the United States had recovered and returned a total of US$1.2 billion of 1MDB funds misappropriated within its jurisdiction , [ 24 ] joining countries such as Singapore and several others which have also initiated recovery or that have ...
He pointed out the expansion of the Social Security tax, which has been around since Aug. 14, 1935, when President Franklin D. Roosevelt signed the Social Security Act.
This is a list of countries by global financial assets, the total privately owned assets by residents ... and bonds. This table is based upon the Allianz ...
According to cyber security expert Abhishek Karnik, who is McAfee’s Head of Threat Research, people are getting duped, and this is one of the “scariest” money scams he’s encountered in his ...
Senior woman using mobile phone and credit card in a coffee shop. Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson ...
After the reinvestment in 2007, the municipalities gained a potential upside on their investments of between 0.5% and 3.0% above risk-free placements, but instead risked losing not only their entire investment, but in a worst-case scenario twice what they invested.