‘I’d make same decision again!’ Sunak hits back at Naga Munchetty over rescue schemes

The Chancellor was confronted by the BBC Breakfast host over his latest budget announcement as Naga Munchetty claimed the job retention bonus have benefited from a more targeted approach. But Rishi Sunak hit back: “I actually think it will make a significant difference, it is something that people were actually interested in calling for. Given the […]

The US sanctioned Chinese and Russian entities for helping North Korea cash in on its billion-dollar smuggling schemes

Thomson Reuters The US sanctioned Chinese and a Russian entities on Wednesday for helping service the illegal cigarette and alcohol trade in North Korea.  According to the US Treasury, North Korea’s cigarette smuggling has reportedly netted the Kim regime over $ 1 billion per year. Profits from the cigarette trade and other smuggling schemes are […]

Cryptocurrencies are ‘Ponzi schemes,’ Indian finance ministry warns investors

India’s finance ministry has cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, branding the ‘virtual currencies’ as akin to a Ponzi scheme. The warning comes a day after South Korea, a global hub for bitcoin trading, said it would ban anonymous cryptocurrency trading due to the “abnormal situation of speculation.” READ […]

The SEC comes down on 2 cryptocurrency-based fundraising schemes

Ethan Miller/Getty Images The Securities and Exchange Commission on Friday charged a man and two companies for operating fraudulent initial coin offerings.  According to a statement released Friday, the financial watchdog charged Maksim Zaslavskiy and his companies, REcoin Group Foundation and DRC World, with defrauding investors and selling unregistered securities. “According to the SEC’s complaint, investors in REcoin Group Foundation […]

The ICO world is full of pump-and-dump schemes — don’t be a victim

GUEST: An alarming trend has emerged in the blockchain community: Around the world, we’re seeing blockchain “startups” scam people into investing by getting a big name endorsement. It’s not exactly a pyramid scheme; I’ll call it a “circle scheme.” It’s all about summoning a group of clueless investors around an “opinion leader.” This person can […]

Scandal Recap: Field of Schemes

Olivia’s mission to expose Cyrus took a sharp left turn onto Bonkers Boulevard during Thursday’s Scandal, somehow resulting in Olivia setting Fitz up with a hot new lady friend. RELATEDScandal‘s Killer PEOTUS Twist: ABC Boss Stresses, ‘It’s a Fictional Story’ To be fair, that “lady friend” is actually Angela Webster, the director of the FBI. And Liv only […]