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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Arrests follow alleged pension fraud

Category : Business, World News

Police have made a number of arrests in the first operation of its kind to tackle suspected fraudulent pension liberation schemes.

Original post: Arrests follow alleged pension fraud

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VIDEO: Your Money: Travel tips and pension pots

Category : Business

In this week’s Your Money, Declan Curry looks at how to avoid fraudulent travel deals, sprucing up your garden on a budget and making the most of your pension pot.

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Eight people charged in £35m corruption case

Category : Business

Charges follow long running investigation into offences at Halifax Bank of Scotland branch in Reading

Eight people were charged on Tuesday following a long running investigation into corruption and other offences at the Halifax Bank of Scotland branch in Reading, Berkshire. Two former employees of HBOS – rescued by Lloyds during the 2008 banking crisis – along with six others were charged over business loans worth around £35m.

Lynden Scourfield, 50, and Mark Dobson, 52, who are described as senior managers for HBOS in Reading and Bishopsgate, were charged with conspiracy to corrupt. David Mills, 56, and Michael Bancroft, 69, of Quayside Corporate Services, a turnaround consultancy, were charged as part of the same conspiracy.

Sue Patten, head of fraud at the CPS, said: “Following a thorough fraud and corruption investigation by Thames Valley police, we have today authorised eight people to be charged in connection to business loans made through a high street bank to a value of around £35m.”

Scourfield, Mills and Bancroft are charged with three counts of fraudulent trading and John Cartwright, 68, an associate of QCS, is also charged with one count of fraudulent trading. Scourfield, Mills and Bancroft and their wives, Jacqueline Scourfield, 50, Alison Mills, 47, and Beverley Bancroft, 64, are also charged with one count of money laundering.

All eight will appear at Reading magistrates court on 18 January. None of them was immediately available for comment.

A spokeman for Lloyds Banking Group, which now owns HBOS and its Bank of Scotland subsidiary, said: “We cannot comment on the detail of this investigation by Thames Valley Police or on the charges that have been brought.

“Neither Bank of Scotland nor Lloyds Banking Group is the subject of the investigation. We have been assisting the Police with their investigation and will continue to do so.”

Private equity paying up for Mervyn’s bankruptcy

Category : Stocks

Three PE firms and several banks agreed to pay Mervyn’s department store creditors $166 million to settle allegations that the firms took fraudulent profits and drove the retailer into bankruptcy four years ago.

See the rest here: Private equity paying up for Mervyn’s bankruptcy

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RCMP joins Elections Canada search for robocalls suspect

Category : World News

The RCMP was called on by Elections Canada to help get to the bottom of who was behind fraudulent phone calls during last year’s federal election campaign, the agency now confirms.

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Flood of Foreclosures Still Fails to Materialize

Category : Stocks

By Diana Olick, CNBC Real Estate Reporter

NEW YORK (CNBC) — The number of homes entering the foreclosure process rose in March, up 8.1%, according to a new report from lender Processing Services, but the volume is down more than 30% from a year ago.

Analysts had expected this number to skyrocket immediately following the $25 billion settlement between banks and state governments over fraudulent mortgage servicing.

View original post here: Flood of Foreclosures Still Fails to Materialize

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How Muddy Waters spots fraud in China

Category : Business, Stocks

Investing in China can be complicated, to say the least. Just ask Carson Block, the founder of Muddy Waters Research, known for his keen eye for spotting fraudulent accounting practices at Chinese companies.

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American convicted in cross-border scam

Category : World News

A California man has been convicted in a scheme in which hundreds of Canadians filed fraudulent tax refund claims in the United States.

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FSA warns on new buy-to-let fraud

Category : World News

The Financial Services Authority is worried about the fraudulent use of buy-to-let mortgages by some people who cannot obtain an ordinary mortgage.

See more here: FSA warns on new buy-to-let fraud

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