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China granted $910 million worth of investment quotas to 11 foreign institutional investors in March 2013. The quotas, under the Qualified Foreign Institutional Investor (QFII) scheme, were awarded to overseas institutions including Generali Fund Management S.A, IDG Capital Management (HK) Ltd and Cutwater Investor Services Corp.
Robert Allen Stanford (born March 24, 1950) is a convicted financial fraudster, former financier, and sponsor of professional sports. He was convicted of fraud in 2012, having operated an eight billion dollar Ponzi scheme, [1] [2] [3] and is now serving a 110-year federal prison sentence.
Qualified Domestic Institutional Investor (Chinese: 合格境内机构投资者; pinyin: Hégé Jìngnèi Jīgòu Tóuzīzhě), also known as QDII, is a scheme relating to the capital market set up to allow financial institutions to invest in offshore markets such as securities and bonds.
On that day the SEC said that Stanford and his accomplices operated a "massive Ponzi scheme", misappropriated billions of dollars of investors' money and falsified the Stanford International Bank's records to hide their fraud. "Stanford International Bank's financial statements, including its investment income, are fictional," the SEC said. [5 ...
Stanford Financial Group: international financial services firm that managed a Ponzi scheme separate from the Madoff Ponzi scheme: $600,000 (£400,000) The Times: Allianz Global Investors: German investment firm: n/a: Citywire: Austin Capital Management: fund of hedge funds: n/a: Reuters: AWD: financial services provider: n/a: Citywire: Kevin ...
The recovery of funds from the Madoff investment scandal has been underway since the scandal broke in December 2008. That month, recovery trustee Irving Picard received funds from the Bank of New York account where Bernard Madoff held new investments into his Ponzi scheme. As it has been concluded that no legitimate investments were made on the ...