Search results
Results from the WOW.Com Content Network
The Securities and Exchange Commission (SEC) filed criminal charges against Kapa-Community Ministry International and its executives, citing an investment scam. [7] [8] President Rodrigo Duterte was the first government official to announce the legal actions, doing so on June 8, 2019, when he ordered the National Bureau of Investigation (NBI) to shut down Kapa.
Petters lived an extravagant lifestyle supported by his Ponzi scheme. Petters faces 20 counts of wire and mail fraud, conspiracy, and money laundering for the alleged investment scheme that ran from 1995 through September 2008. He is expected to plead not guilty, but his co-conspirators in the Ponzi scheme, Deanna Coleman, Robert White, Michael ...
Japan Post Bank, part of the post office was the world's largest savings bank with 198 trillion yen (US$1.7 trillion) of deposits as of 2006, [22] much from conservative, risk-averse citizens. The state-owned Japan Post Bank business unit of Japan Post was formed in 2007, as part of a ten-year privatization programme, intended to achieve fully ...
In 1767, the first post office in the Philippines was established in the city of Manila, which was later organized under a new postal district of Spain. [4] At first, the postal office served mainly to courier government and church documents. In 1779, the postal district encompassed Manila and the entire Philippine archipelago.
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ...
The SEC contends that this forced matrix payout scheme constitutes a pyramid scheme. [5] New investors had to pay a monthly subscription fee of between US$10 and US$99, and provide an initial investment of up to $10,000. The higher the initial investment, the higher the returns appeared.
The Overseas Filipino Bank (OFBank) is the state-owned digital-only, branchless bank in the Philippines.Formerly known as the Philippine Postal Savings Bank (PPSB) or PostBank, it is the smallest of the Philippines' three state-owned banks (the others being Land Bank of the Philippines and Development Bank of the Philippines), and is the 16th largest thrift banks in terms of assets.
2014 operation subsidies and program funds that GOCCs received from the national government. GOCCs receive from the government "subsidies" and "program funds". [6] Subsidies cover the day-to-day operations of the GOCCs when revenues are insufficient while program funds are given to profitable GOCCs to pay for a specific program or project.