Search results
Results from the WOW.Com Content Network
The banks expanded their lending massively, far more than their capital reserves should have allowed. According to a report from the International Monetary Fund, the normative capital of the Banca de Economii (Savings Bank) decreased ten-fold in 2012, whereas the share of overdue credits increased by about 1 billion lei. The market value of its ...
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]
Jo Christine and James Christopher were charged with graft related to the pork barrel scam and the Malampaya fund scam. [39] [40] Janet Napoles, children Jo Christine, James Cristopher, and Jean Catherine, her brother Reynald Luy Lim, and his wife Ana Marie were indicted by a U.S. court for domestic and international money laundering. [41]
The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
The scams – mostly run out of Southeast Asia - are given that name because they involve “fattening up” victims before taking everything they have.
[35] Further, in October 2008, the International Monetary Fund published its regular Global Financial Stability Review which also found that "Although the integrity of the U.S. dollar Libor-fixing process has been questioned by some market participants and the financial press, it appears that U.S. dollar Libor remains an accurate measure of a ...
For premium support please call: 800-290-4726 more ways to reach us
Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.