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In 2008 PLUS posted a pre-tax loss of £8.26 million for 2009, following a pre-tax loss of £10.20 million for 2008. [5] It also announced the results of a strategic review, outlining plans to move away from its core retail market and develop a new platform with a view to trade more exotic securities, such as derivatives [6]
Fraudulent schemes perpetrated in the securities and commodities markets can ultimately have a devastating impact on the viability and operation of these markets. [ 33 ] A 2023 study by economists Alexander Dyck, Adair Morse and Luigi Zingales estimated that on average 10% of large publicly traded firms commit securities fraud every year, and ...
The redemption movement is an element of the pseudolaw movement, mainly active in the United States and Canada, that promotes fraudulent debt and tax payment schemes. [1] The movement is also called redemptionism. [2]
The size of the scam was estimated to be around ₹ 200 billion (US$2.3 billion) [2] One aspect of the scandal that caused much concern was that it required the involvement of many police officers and other government employees including Nikhil Kothari, an Assistant Police Investigator who was found to have a net worth of over ₹ 1 billion (US ...
The scam targets Marketplace sellers who’ve listed big-ticket items worth several hundred dollars. A buyer contacts a seller requesting to buy the item and pay using Zelle.
"Night wind hawkers" sold stock on the streets during the South Sea Bubble.(The Great Picture of Folly, 1720)Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump).
The biggest money market scam ever committed in India, amounting to approximately ₹ 5,000 crores. The main perpetrator of the scam was a stock and money market broker Harshad Mehta. It was a systematic stock scam using fake bank receipts and stamp paper that caused the Indian stock market to crash. The scam exposed the inherent loopholes of ...
Ketan Parekh is a former stockbroker from Mumbai, who was convicted in 2008 for involvement in the Indian stock market manipulation scam that occurred from late 1998 to 2001. [1]