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Eddie was arrested in June 1992 on federal racketeering conspiracy charges and was extradited to the United States in January 1993. He pleaded not guilty. His trial began in June 1993, and was prosecuted jointly by U.S. Attorneys Paul Weissman and Michael Chertoff. On July 20, Eddie was found guilty of seventeen counts of fraud.
[2] [6] The "discount rate" is the rate at which the "discount" must grow as the delay in payment is extended. [7] This fact is directly tied into the time value of money and its calculations. [1] The present value of $1,000, 100 years into the future. Curves representing constant discount rates of 2%, 3%, 5%, and 7%
In USD nominal terms, GIC achieved an annualised return of 5.1%, 4.3% and 5.7% for the 5-year, 10-year and 20-year time periods respectively. [ 22 ] In August 2021, their estimates also put the total figure of AUM at US$744 billion – or just over S$1 trillion, for the first time in GIC’s history after a 37.5 per cents in return.
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