deposits

Vietnam tycoon sentenced to death in $12 billion fraud case, state media reports

by
Vietnam tycoon sentenced to death in $12 billion fraud case, state media reports

Real estate tycoon Truong My Lan was sentenced to death in Vietnam for her involvement in a .46 billion financial fraud case. Lan, the chairwoman of Van Thinh Phat Holdings Group, was found guilty of embezzlement, bribery, and violating banking rules. The trial was part of a crackdown on corruption led by the ruling Communist Party, resulting in the prosecution of many officials and executives. Lan and her accomplices were accused of siphoning over billion from Saigon Joint Stock Commercial Bank through unlawful loans to shell companies. Lan plans to appeal the verdict.

Pullix (PLX) could be the passive income powerhouse the likes of Polygon (MATIC) and Arbitrum (ARB) can, ’t compete with

by
Pullix (PLX) could be the passive income powerhouse the likes of Polygon (MATIC) and Arbitrum (ARB) can, ’t compete with

– Pullix (PLX) is a new hybrid DeFi token that requires no KYC verification and has launched on several tier-1 exchange platforms.
– Pullix is implementing a Revenue Share Model that allocates a portion of the platform’s daily revenue to active members, making it a potential passive income powerhouse.
– Pullix is in the process of onboarding the platform to the Google and Apple App Stores and has a staking system that has gone live.
– Polygon (MATIC) has been in a bearish market for more than 60% of the past year, dropping by over 11% in the past week and 22% in the past month.
– Arbitrum (ARB) saw an all-time high three months ago but has declined since, losing over 14% in the past week and over 33% overall.

State pension fund reaching critical levels

by
State pension fund reaching critical levels

The Fiscal Council has warned that state borrowing from the Social Insurance Fund has reached critical levels, with the government owing over €10 billion to the fund. This borrowing threatens public finances and could lead to pressure on the state budget. The Council suggests reducing the state’s debt to the fund and revising the investment policy to achieve higher returns. The study also recommends increasing the percentage of assets invested in non-government securities to diversify the portfolio.

Ridgewood Contractor Who Ducked Taxes On $3.27 Million Charged In 18-Count Indictment: Feds

by
Ridgewood Contractor Who Ducked Taxes On $3.27 Million Charged In 18-Count Indictment: Feds

John Constantino, 67, of Ridgewood, evaded 2,735 in corporate and personal income taxes by concealing his income and assets from 2017 to 2022.

Bank of Cyprus: maintaining a leading role in the environmental, social and governance pillars

by
Bank of Cyprus: maintaining a leading role in the environmental, social and governance pillars

Bank of Cyprus is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces.

Laudable progress in direct taxes but scope for betterment remains

by
Laudable progress in direct taxes but scope for betterment remains

The Indian middle class may be disappointed with the Narendra Modi-led government’s lack of adjustments to tax rates and slabs. Personal tax collections have increased significantly, with the share of personal tax in overall collections rising from 38% to 52% in the last decade. Efforts have been made to improve tax compliance through technology and widening the tax base. Corporate tax collections have not grown as much as personal taxes, indicating room for improvement in the tax system.

Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

by
Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud

Fact: Sam Bankman-Fried was sentenced to 25 years in prison for stealing billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded.

Celestyal Discovery, ’s maiden voyage showcases new livery

by
Celestyal Discovery, ’s maiden voyage showcases new livery

Celestyal Discovery set sail on her maiden voyage around the Aegean on March 22, 2024, showcasing the cruise line’s new livery. The ship’s first passengers are sailing on the ‘Iconic Aegean’ itinerary, visiting five ports over the three-night sailing. Celestyal Discovery underwent a multi-million-euro refurbishment and features new onboard social spaces. Celestyal CEO Chris Theophilides welcomed 1,100 guests onboard the ship and emphasized the company’s commitment to investing in the customer experience.