The Bankruptcy Bill proposes a time-bound framework for sick entities to decide whether they should be liquidated or revived Image: Radious Image / Corbis I n september 2009, when Ishita Swarup launched her online flash sales portal 99labels, the market was exciting. She was pioneering a new business model in the nascent ecommerce sectorgiving heavy…
KLEENMAID had come to the attention of federal financial agencies up to three years before it collapsed, a court has heard. Former Kleenmaid directors Andrew Eric Young, 62, and Bradley Wendell Young, 44,have pleaded not guilty at the Brisbane District Court to defrauding Westpac of a $13 million loan and 18 counts of operating a…
A Whanganui woman stole more than $28,000 from her employer and left a note explaining she had done it to pay off gambling debt. The gambling addiction “stemmed from boredom” after Kelly-Ann Webster had a stroke, defence lawyer Anna Brosnahan told Whanganui District Court. Webster, 43, was in court being sentenced for burglary, which she…
Image via Center for Individual Freedom YouTube channel According to Sunlight Foundations Political Ad Sleuth tool, a 501(c)(4) dark money group called the Center for Individual Freedom (CFIF) has purchased at least $200,000 in ads in the Washington, D.C., market, an attempt to influence lawmakers crafting economic legislation to assist Puerto Rico’s dire financial situation.…
A healthcare group turning over millions of dollars from the sales of vitamins and other consumer products has collapsed into voluntary administration. Direct Wellbeing Pty Ltd appointed external managers on April 4. Todd Gammel and Barry Taylor from HLB Mann Judd are acting as joint voluntary administrators and a creditors meeting is due to be held…
By Alex Dobuzinskis (Reuters) – A retired U.S. tax judge and her husband have been charged in Minnesota with cheating the government of $400,000 in taxes in a scheme that treated personal spending such as jewelry, pilates classes and overseas vacations as business expenses, prosecutors said on Monday. A federal grand jury indicted Diane Kroupa…
Editors Note: On April 2-5, 2016, Ernesto Talvi participated in the Latin America Shadow Financial Regulatory Committee (CLAAF), held in Washington, D.C. The committee is composed of a group of prestigious independent Latin American economists, former policymakers, and academics with strong expertise in the field of macroeconomics, banking and finance and whose goal is to…
KLEENMAID had come to the attention of federal financial agencies up to three years before it collapsed, a court has heard. Former Kleenmaid directors Andrew Eric Young, 62, and Bradley Wendell Young, 44, BOTH CORRECT have pleaded not guilty at the Brisbane District Court to defrauding Westpac of a $13 million loan and 18 counts…
KLEENMAID had come to the attention of federal financial agencies up to three years before it collapsed, a court has heard. Former Kleenmaid directors Andrew Eric Young, 62, and Bradley Wendell Young, 44, BOTH CORRECT have pleaded not guilty at the Brisbane District Court to defrauding Westpac of a $13 million loan and 18 counts…
Alexandra Bosanac | April 6, 2016 It was an otherwise unremarkable day in mid-February when nascent computer scientist Evan Maynard received some tremendous news. In a meeting with his boss, Maynard, who will graduate from St. Marys University this spring, learned that the company where he had been working part-time for nearly a year wanted to help…