Post by Bonobo on Aug 8, 2012 8:53:55 GMT 1
Americans have their Maddof affair:
The Securities and Exchange Commission, in a civil complaint, said it was an ongoing $50 billion swindle, and asked a judge to seize the firm and its assets. "Our complaint alleges a stunning fraud that appears to be of epic proportions," said Andrew M. Calamari, associate director of enforcement in the SEC's New York office.
In a separate criminal complaint, Federal Bureau of Investigation agent Theodore Cacioppi said Mr. Madoff's investment advisory business had "deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in losses of approximately billions of dollars."
while Poles have Amber Gold affair.
Clients of the troubled parabank Amber Gold have not yet been able to start withdrawing their deposits, as they had been told they could from today, reported TVN24. In one Warsaw branch clients were told they would have to wait several days for their money and will lose up to 35 percent of the value of their deposits.
Amber Gold stopped paying out money on August 3 after the firm's clients had effectively made a run on their accounts, following media speculation that the company was running out of money.
The speculation began when OLT Express, a firm owned by Amber Gold, began suspending flights due to lack of funds – it filed for bankruptcy last week. The scrutiny intensified after Polish media reported that Marcin Plichta, the owner of Amber Gold, had previously been convicted of fraud.
www.wbj.pl/article-60015-amber-gold-president-pledges-to-repay-clients-blames-govt-conspiracy.html?typ=wbj
Enraged clients accuse the Polish authorities of having ignored the parabank`s suspicious activities. But the warnings have been available for everybody to read on Financial Supervision Commission`s site for over 2 years.
Come on, guys, the state isn`t able to think for every citizen.
The Securities and Exchange Commission, in a civil complaint, said it was an ongoing $50 billion swindle, and asked a judge to seize the firm and its assets. "Our complaint alleges a stunning fraud that appears to be of epic proportions," said Andrew M. Calamari, associate director of enforcement in the SEC's New York office.
In a separate criminal complaint, Federal Bureau of Investigation agent Theodore Cacioppi said Mr. Madoff's investment advisory business had "deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in losses of approximately billions of dollars."
while Poles have Amber Gold affair.
Clients of the troubled parabank Amber Gold have not yet been able to start withdrawing their deposits, as they had been told they could from today, reported TVN24. In one Warsaw branch clients were told they would have to wait several days for their money and will lose up to 35 percent of the value of their deposits.
Amber Gold stopped paying out money on August 3 after the firm's clients had effectively made a run on their accounts, following media speculation that the company was running out of money.
The speculation began when OLT Express, a firm owned by Amber Gold, began suspending flights due to lack of funds – it filed for bankruptcy last week. The scrutiny intensified after Polish media reported that Marcin Plichta, the owner of Amber Gold, had previously been convicted of fraud.
www.wbj.pl/article-60015-amber-gold-president-pledges-to-repay-clients-blames-govt-conspiracy.html?typ=wbj
Enraged clients accuse the Polish authorities of having ignored the parabank`s suspicious activities. But the warnings have been available for everybody to read on Financial Supervision Commission`s site for over 2 years.
Come on, guys, the state isn`t able to think for every citizen.