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Madoff could not have acted alone

Bernard Madoff’s contention that he pulled off one of the biggest financial frauds in history without any help is being met with disbelief by his investors and experts in the securities industry. It normally takes a team of accountants, stock brokers, lawyers and more to operate the kind of multibillion-dollar …

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South Korean actress imprisoned for adultery

One of South Korea’s best-known actresses, Ok So-ri has been given a suspended prison sentence of eight months for adultery. She admitted the offence and the court suspended the sentence for two years. The trial took place after Ms Ok failed to get the constitutional court to overturn the strict …

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Ghanaian found guilty of $10m fraud in U.S.

A 42-year-old Ghanaian man has been found guilty of fraud in Newark, United States of America. The man, Michael Kyereme, who works as an information technology specialist appeared in court accused of stealing thousands of dollars from corporate vaults to give to the needy in Ghana, reports from Newark, New …

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Madoff under house arrest, on $10m bail

Bernard Madoff, the hedge fund boss accused of a $50bn (£32bn) fraud, has put up $10m bail and in effect been placed under house arrest. Mr Madoff turned up at New York’s federal court to sign some papers but did not answer reporters’ questions. He signed over his New York …

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Madoff’s wife under investigations

Ruth Madoff, the 67-year-old wife of alleged fraud mastermind Bernard Madoff, is being investigated by U.S. regulators over whether she helped maintain secret records used in a $50 billion Ponzi scheme, a person familiar with the matter said. The Securities and Exchange Commission, combing through files at her husband’s New …

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EU threatens agric in Africa

The EU plans to save its citizens from a hypothetical threat by banning a fifth of pesticides, creating a real threat to crop yields, food prices and the poor–especially in Africa. The UK’s Pesticide Safety Directorate estimates that the proposals could ban 14% to 23% of agricultural pesticides. A University …

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Security agencies exploit ECOWAS drivers at borders

Drivers plying West African routes were, within three months, exploited of $151.63 per trip by security agencies manning the sub-region’s borders, the Improved Road Transport Governance (IRTG) Project Report has revealed. The amount was said to have been illegally collected from a total of 192 drivers along the Tema-Ouagadougou, Lome-Ouagadougou …

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Maputo police chief shot dead

The head of police in Mozambique’s capital Maputo, Feliciano Juvane, was gunned down last night in what police today said they suspected may be the work of organised crime. Juvane, director of order and security at the Maputo City Police Command, was ambushed by two armed men outside his home …

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SEC probes of Madoff ‘Deeply Troubling’ – Cox

U.S. Securities and Exchange Commission Chairman Christopher Cox called for a probe of his agency, saying what he has learned about its investigations of Bernard Madoff before the investment manager confessed to operating a $50 billion Ponzi scheme is “deeply troubling.” “Credible and specific allegations” were made to SEC staff …

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How to spot a scam

Dear Sir, First I must solicit your confidence in this transaction, this is by virtue of it’s nature as being utterly Confidential and top secret. Though I know that a transaction of this magnitude will make any one apprehensive and worried, but I am assuring you that this is real …

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