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The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, [1] in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
t. e. The 1Malaysia Development Berhad scandal, often referred to as the 1MDB scandal or just 1MDB, is an ongoing corruption, bribery and money laundering conspiracy in which the Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB) was systematically embezzled, with assets diverted globally by the perpetrators of the scheme. [1]
Najib Razak became Prime Minister of Malaysia in 2009. Soon, he became president of the board of advisers for 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund. Although Low never received an official position, he admits that he occasionally "consulted" with 1MDB, and was involved in a number of transactions connecting his ...
As college costs rise, scholarship scams employed by predatory companies continue to target prospective students and their families. A student searching for scholarships to help pay for college ...
e. 1Malaysia Development Berhad (1MDB; Malay: [ˈsatu maˈlajʃa dɛˈvɛlɔpmɛn (t) bərˈɦad]) is an insolvent [1] Malaysian strategic development company, wholly owned by the Minister of Finance (Incorporated). [2][3] In 2015, the company became the subject of a major international corruption scandal, with evidence pointing to money ...
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On October 7, 2015, Burton Greenberg of Plantation, Florida, and Bruce Kane, an Ithaca, NY, CPA but resident of Fort Lauderdale, Florida, were arrested by the FBI for a 9-year Ponzi scheme that swindled investors out of over $10 million. The scam was operated under the name "Global Financial Fund 8, LLP".
Predatory publishing, also write-only publishing[1][2] or deceptive publishing, [3] is an exploitative academic publishing business model, where the journal or publisher prioritizes self-interest at the expense of scholarship. It is characterized by misleading information, deviates from the standard peer review process, is highly non ...