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Forty-one investors claimed they lost a total of $75,000 to the investment scheme. FrancSwiss deceived investors in the Philippines of ₱1 billion ($50 million). [65] On March 7, 2008, WinCapita Oy's Internet site was shut down due to investigation of the company. The company had collected about 100 million euros by this point.
Ruth Madoff's combined assets with her husband had a net worth of between $823 million and $826 million.She had $92.6 million in assets listed in her own name: [9] the $7 million penthouse on Manhattan's Upper East Side; an $11 million mansion in Palm Beach, Florida; a three-bedroom apartment in Cap d'Antibes on the French Riviera valued at $1.5 million; $45 million in municipal bonds and $17 ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
Timeline of the top 5 countries. The five countries with the largest foreign exchange reserves almost all have reserves of at least 500 billion USD and higher and have maintained such an amount for at least a week. At present there are only six countries whose reserves are at such a figure; this includes China, Japan, Switzerland, India, Russia ...
When first created in 1868, the Canadian dollar was partially backed by gold. Under the Dominion Notes Act, the government was required to have gold reserves of up to twenty per cent of the value of the first five million dollars of notes issued, rising to twenty-five per cent of the value of the next three million dollars issued. [54]
Numbers of US dollar millionaires by world region per Credit Suisse (2022) [2] Rank Region Numbers (in thousands) Percentage of world total numbers As percentage of total adult population - World 62,489 100.0 1.1 1 Northern America: 26,778 41.9 9.5 2 Europe: 16,696 26.7 2.8 3 Asia-Pacific: 10,755 17.2 0.8 4 China: 6,190 9.9 0.6 5 Latin America ...
The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $. There is no standard disambiguating form, but the abbreviations Can$, CA$ and C$ are frequently used for distinction from other dollar-denominated currencies (though C$ remains ambiguous with the Nicaraguan córdoba).
The U.S. Securities and Exchange Commission requires all SEC-registered investment advisers to periodically file a report known as Form ADV. [13] Form ADV requires each investment adviser to state how many of their clients are "high-net-worth individuals", among other details; its Glossary of Terms explains that a "high-net-worth individual" is a person who is either a "qualified client" under ...