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This scam was led by Damara Bertges and Hans Günther Spachtholz. In the Swiss canton of Uri and Glarus, it was estimated that about one adult in ten invested into the EKC. The scam involved buying "letters" valued at 1,400 Swiss francs that entitled buyers to receive 12 monthly payments of 200 Swiss francs.
Suisse secrets. Suisse Secrets was a February 2022 leak of details of more than CHF 100 billion (roughly US$108.5bn, €95.5bn or £80bn) held in nominee accounts linked to over 30,000 clients of Credit Suisse, [1] the largest ever leak from a major Swiss bank. It revealed that autocrats, oligarchs, war criminals, human traffickers and drug ...
The EKC promised investors profit rates of 70% after buying "letters" for 1,400 Swiss francs each. In total, victims bought some two billion Deutsche Mark worth of EKC letters. Participation was particularly widespread in central Switzerland, where the scheme's operators successfully exploited popular mistrust in the banking system.
In September 2015, Swiss public television channel SRF published that Blatter would have sold the 2010 and 2014 FIFA World Cup rights in North America for US$600,000, a small fraction of their market value. [41] Torneos & Traffic (T&T) is a subsidiary of Fox International Channels since 2005 [42] (with investments since 2002). It is the same ...
The franc-dollar pair has proven sensitive to the U.S. economy, often rallying hard on weak data that causes U.S. Treasury yields to fall. "Any carry trade is inherently risky and this is ...
The Swiss franc, [c] or simply the franc, [d] is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. [12] The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins.
Numismatics portal. Money portal. v. t. e. Counterfeit money is currency produced outside of the legal sanction of a state or government, usually in a deliberate attempt to imitate that currency and so as to deceive its recipient. Producing or using counterfeit money is a form of fraud or forgery, and is illegal in all jurisdictions of the world.
The 2011 UBS rogue trader scandal caused a loss of over US$ 2 billion at Swiss bank UBS, as a result of unauthorized trading performed by Kweku Adoboli, a director of the bank's Global Synthetic Equities Trading team in London in early September 2011. [1][2] On 24 September 2011, Oswald Grübel, the CEO of UBS, resigned "to assume ...