Article: Silver Chartbook – Silver, Lies Have Short Legs

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Silver Chartbook – Silver, Lies Have Short Legs

Florian Grummes, 30 April 2021

Market manipulation is as old as the market itself. From arbitrage to front running, from pump and dump to cornering the market. But every imbalance will close at some point, and every front runner gets front-run by faster competition himself, eventually. In the case of Silver (XAGUSD:CUR) and its exposure to spoofing practices of various market participants, the principle is the same. The truth will prevail.

Now, how do these men in charge manipulate the markets precisely? Our findings show that one can see almost infinite creativity to manipulate the investor. You hear endless stories about the use of Silver in green energies. Fact is that we have only 2% of battery-used vehicles in place in the auto industry. Only 5% of green energy based on solar panels using Silver is at present opposing 95% of traditional energy production. So we are talking about long-term projections that are already reflected in the current price speculation. Continue reading “Article: Silver Chartbook – Silver, Lies Have Short Legs”

Article: Owner of Dog Training School Sentenced for Defrauding V.A. of over $1.5 Million in GI Bill Benefits

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Owner of Dog Training School Sentenced for Defrauding V.A. of over $1.5 Million in GI Bill Benefits

Department of Justice, 30 April 2021

A federal judge in San Antonio today sentenced 49-year-old Bradley Lane Croft, owner of Universal K-9, Inc., to 118 months of imprisonment for scheming to defraud the federal government of more than $1.5 million in Veterans Affairs GI Bill benefits to train service canines and their handlers.

In addition to the prison term, Senior U.S. District Judge David A. Ezra ordered that Croft pay $1,506,758.31 in restitution and be placed on supervised release for a period of three years after completing his prison term.

“Today’s sentence demonstrates what can happen to you if you choose to rip off one of the most important benefit programs we have for our veterans. My thanks goes to the prosecutors and our law enforcement partners who worked so hard to see justice served,” said U.S. Attorney Ashley C. Hoff. Continue reading “Article: Owner of Dog Training School Sentenced for Defrauding V.A. of over $1.5 Million in GI Bill Benefits”

Article: Private sector ‘key in fighting illegal wildlife trade’

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Private sector ‘key in fighting illegal wildlife trade’

Hellen Nachilongo, 29 April 2021

Dar es Salaam. Involving private sector and financial institutions is the best tactic that could be used to help investigate and prosecute syndicate leaders (Kingpins) involved in illegal Wildlife Trade (IWT) and money laundering.

African Wildlife Foundation senior manager and wildlife law enforcement species Didi Wamukoya said most of the culprits associate themselves with shell, front companies and banks to operate their business thus making it difficult to investigate and prosecute them.

“Normally the syndicate leader operates in such institutions, to access loans from financial institutions, mix funds for different purposes, pay taxes and sometimes they get witnesses, “she said. Continue reading “Article: Private sector ‘key in fighting illegal wildlife trade’”

Article: NatWest to move HQ from Scotland in event of independence

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NatWest to move HQ from Scotland in event of independence

Iain Withers, 29 April 2021

Britain’s NatWest would move its headquarters out of Scotland in the event of a vote in favour of independence, its CEO Alison Rose said, only days before parliamentary elections there.

State-backed NatWest (NWG.L), which until last year was called Royal Bank of Scotland, has been based for 294 years in the Scottish capital Edinburgh. “In the event that there was independence for Scotland our balance sheet would be too big for an independent Scottish economy. And so we would move our registered headquarters, in the event of independence, to London,” Rose told reporters. Continue reading “Article: NatWest to move HQ from Scotland in event of independence”

Article: How the Big Three Rating Companies Got China Huarong So Wrong

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How the Big Three Rating Companies Got China Huarong So Wrong

Shuli Ren, 29 April 2021

After the collapse of Lehman Brothers Holdings Inc., the Big Three rating companies were blamed for their enabling roles in the subprime mortgage crisis. Troubled securitized products would not have been marketed and sold without their seal of investment-grade approval. In fact, investors relied on their ratings, often blindly.

Over a decade later, similar drama is unfolding with state-owned China Huarong Asset Management Co. After failing to release its 2020 financials on time amid media reports of a deep restructuring, the distressed-asset manager became a distressed asset itself. Its 4.5% perpetual bond is trading at 70 cents on the dollar, not at all aligned with its safe-as-cash ratings. With $22 billion in dollar bonds outstanding, Huarong has issues due every month into the summer. Continue reading “Article: How the Big Three Rating Companies Got China Huarong So Wrong”

Article: Opinion: Wirecard fraud shows it’s time to regulate the regulators

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Opinion: Wirecard fraud shows it’s time to regulate the regulators

Kate Ferguson, 29 April 2021

What would you do if you were confident you could get away with it? Perhaps you’d rob a bank, or have a wild affair. Or maybe you’d subsist on nothing but candy floss for the rest of your life.

The chances are you won’t, though. The risk of being arrested, destroying your marriage or becoming a diabetic are simply too high. For most of us, the question is destined to remain hypothetical. After all, life has taught us that bad behavior does not generally go unpunished.

Generally doesn’t mean always
There are notable exceptions to the rule, though. In recent years, three major scandals in Germany have provided pleasingly concrete answers to the question. Continue reading “Article: Opinion: Wirecard fraud shows it’s time to regulate the regulators”

Article: Deutsche Bank Avoids Archegos Meltdown, Reports Profit Surge

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Deutsche Bank Avoids Archegos Meltdown, Reports Profit Surge

Patricia Kowsmann, 28 April 2021

Deutsche Bank AG reported its strongest quarter in seven years thanks to activity at its investment bank, while the lender escaped the implosion of Archegos Capital Management that badly hit some rivals.

The news sent Deutsche Bank shares up 10% on Wednesday, their highest level since May 2018. Also helping its bottom line were lower charges on bad loans, as customers seemed to be weathering the pandemic effects better than expected.

The bank benefited from frenzied investor activity in financial markets. Its business advising clients on fundraising and mergers and acquisitions also boomed, as companies repositioned growth plans during the pandemic. A cost-savings plan imposed to turn the lender around following years of bad results is also helping. The bank reported a cost-to-income ratio of 77% compared with 89% a year ago. Continue reading “Article: Deutsche Bank Avoids Archegos Meltdown, Reports Profit Surge”

Anonymous Witness: GTII & FNGR In Deep Doo Doo

Tip

Its not done by Me way to much details.and zero errors BUT a great job

$GTII Naked Short Squeeze – Ultimate DD from GTII

Today GTII was Posted on REG SHO list. Means they are short so Much they cant hide it anymore. And the brokers cannot look the other way IT must be cleaned it. THE END IS NEAR. Today’s short was 300,000 out of 500,000 that traded wonder why it has taken so long. Maybe its was the 100’s of calls to SEC and FINRA

Continue reading “Anonymous Witness: GTII & FNGR In Deep Doo Doo”

Article: BofA Hit Hardest as EU Fines Bond-Trading Trio $34 Million

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BofA Hit Hardest as EU Fines Bond-Trading Trio $34 Million

Aoife White, 28 April 2021

Bank of America Corp. Credit Suisse Group AG and Credit Agricole SA were fined about 28.5 million euros ($34 million) by European Union regulators for colluding on trading of U.S. supra-sovereign, sovereign and agency bonds.

Bank of America got the largest individual penalty of 12.6 million euros, while Credit Suisse was fined 11.9 million euros and Credit Agricole was ordered to pay more than 3.9 million euros. Deutsche Bank AG participated in the cartel but dodged a potential penalty of about 21.5 million euros because it was the first to inform the EU about the illegal behavior. Continue reading “Article: BofA Hit Hardest as EU Fines Bond-Trading Trio $34 Million”

Article: EU Fines Trio of Banks $34 Million for Bond-Trading Cartel

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EU Fines Trio of Banks $34 Million for Bond-Trading Cartel

Aoife White, 28 April 2021

Bank of America Corp., Credit Suisse Group AG and Credit Agricole SA were fined a total of about 28.5 million euros ($34 million) by European Union regulators for colluding on trading of U.S. supra-sovereign, sovereign and agency bonds.

Bank of America got the largest individual penalty of 12.6 million euros. Credit Suisse was fined 11.9 million euros and Credit Agricole was ordered to pay more than 3.9 million euros. Deutsche Bank AG participated in the cartel but wasn’t fined because it was the first to inform the EU about the illegal behavior. Continue reading “Article: EU Fines Trio of Banks $34 Million for Bond-Trading Cartel”

Article: Samsung Heirs to Pay $11 Billion Tax Amid Succession Cases

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Samsung Heirs to Pay $11 Billion Tax Amid Succession Cases

Yoojung Lee and Sohee Kim, 28 April 2021

Samsung Group’s billionaire heirs outlined a long-awaited plan to pay one of the largest inheritance-tax bills in history, a more than 12 trillion won ($11 billion) transfer of assets that will take place over several years.

The family of Lee Kun-hee, who died last year, revealed the size of the total bill, along with its intention to donate 1 trillion won for medical facilities and approximately 23,000 works of art. Under South Korea law, the heirs are allowed to make the tax payment over five years. Continue reading “Article: Samsung Heirs to Pay $11 Billion Tax Amid Succession Cases”

Article: Regional Report – Netherlands: One of country’s largest banks, ABN Amro, pays nearly $600 million penalty for longstanding AML failings, lax risk ranking, missed reports on suspicious activity

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Regional Report – Netherlands: One of country’s largest banks, ABN Amro, pays nearly $600 million penalty for longstanding AML failings, lax risk ranking, missed reports on suspicious activity

Brian Monroe, 28 April 2021

Dutch authorities have hit the third largest bank in the Netherlands with a penalty of more than a half a billion dollars for longstanding failings in nearly every area of its fincrime compliance program, including lax customer risk scoring, shoddy alert investigations and missed reports of potential suspicious activity.

The Netherlands Public Prosecution Service (NPPS) has settled its probe into Amsterdam-based ABN Amro Bank for 480 million euros, or just less than $583 million, for falling “seriously short” of anti-money laundering (AML) compliance program requirements and being considered “culpable” in aiding criminal groups in cleansing ill-gotten gains. Continue reading “Article: Regional Report – Netherlands: One of country’s largest banks, ABN Amro, pays nearly $600 million penalty for longstanding AML failings, lax risk ranking, missed reports on suspicious activity”

Article: Market Manipulation Case Reopening Adds to Credit Suisse’s Woes

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Market Manipulation Case Reopening Adds to Credit Suisse’s Woes

Alicia McElhaney, 28 April 2021

Although appellate court judges threw out some claims against the bank, they said that market manipulation allegations were “plausible.”

Credit Suisse is having another rough week.

A U.S. Appeals Court reopened a 2018 case alleging that Credit Suisse had engaged in market manipulation of some exchange-traded notes that short the VIX, a popular proxy for volatility. Continue reading “Article: Market Manipulation Case Reopening Adds to Credit Suisse’s Woes”