The brother of accused trustafarian vampire killer Blake Leibel was allegedly targeted by the California card sharks celebrated in the new movie Mollys Game.
The film starring Oscar winner Jessica Chastain is the true story of Molly Bloom, a former Olympian who organized mega-million dollar poker games featuring celebs, financiers and gangsters.
Among those who attended the marathon games were Leonardo DiCaprio, Tobey McGuire and Leibels brother Cody.
Cody Leibel is a Hollywood real estate speculator who like his brother got a big boost via a trust fund courtesy of his Toronto developer father, Lorne. In the past, he has dated starlets like Tara Reid and ran in a high-flying social circle in Los Angeles….
Read the full article at: http://torontosun.com/news/world/crime-hunter-accused-vampire-killers-brother-was-easy-mark-in-mollys-game
Heidrick & Struggles on Friday said it will lay off 15 of its 200 employees in Chicago as part of a wide-ranging global restructuring expected to save the executive search firm $11 million to $13 million annually.
All told, the Chicago-based company plans to cut its workforce of 1,600 employees by 70 people, or about 4 percent, said company spokesman Jon Harmon.
As part of the plan approved by the companys board Dec. 31, Heidrick & Struggles will also close two unspecified offices, one in the U.S. and one in Europe, and merge those operations into other offices. The firm currently operates 50 offices in 29 countries. In November, a 175-person office in India was closed and its functions were outsourced.
Also unde…
Read the full article at: http://www.chicagotribune.com/business/ct-biz-heidrick-struggles-layoffs-20180105-story.html
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The Gambling Commission expressed “significant concerns” at the practices of UK online gambling operators
Online casino operators are failing to protect problem gamblers or prevent money laundering, the Gambling Commission has warned.
It has written to all 195 UK operators and warned them to r…
Read the full article at: http://www.bbc.co.uk/news/uk-42583990
YOUNG people need to be financially knowledgeable to avoid falling into heavy debts and being declared bankrupts.
MCA Youth chief Chong Sin Woon said last year, it was estimated 70% of persons declared bankrupt were the young.
Last year, out of nearly 300,000 people declared bankrupt, 70% were young people … these groups are most vulnerable to incurring financial burdens such as personal loans, vehicle loans and credit cards.
Many young people believe in trends like quick rich schemes, for example. Actually, they know it is a fraudulent scheme, but sometimes they just want to try their luck, he said after launching the Financial Planning Literacy Programme for Youth in Seremban today.
Also present was Malaysia Financial Pla…
Read the full article at: https://www.themalaysianinsight.com/s/31171
Managing your money isnt easy. But finding someone to help you with it can be just as tricky in this country.
Even when youre looking for fairly basic guidance on how to organize your finances, people who claim to be able to assist you come with a variety of titles, certifications and acronyms. There are financial advisers, financial planners, money coaches, wealth consultants and credit counsellors, to name just a few.
READ MORE: Debt hangover: What it is and how to get over it
In part, this is because the business of giving money advice is lightly regulated. Anyone outside the province of Quebec, for example, can call themselves a financial planner or financial adviser.
My mom could start a financial p…
Read the full article at: https://globalnews.ca/news/3946004/help-with-debt-money/
On January 5th, the management team at Legacy Reserves (LGCY) made an interesting announcement. For months now, market participants have been expecting some sort of move in an effort for the business to restructure its finances and we are finally starting to see some progress after management said it repurchased some of its senior notes at a sizable discount to par. Though more steps will likely happen over the next several months, this is an important and telling move in the right direction.
Management bought back some debt
On December 31st, Legacy finalized a deal to buy back some of its 6.625% 2021 Senior Notes from Fir Tree Partners (and companies affiliated with Fir Tree). The deal allowed Legacy to acquire $187.1 million worth of t…
Read the full article at: https://seekingalpha.com/article/4135702-legacy-reserves-setting-stage-big-move
New Delhi, Jan 6:
In significant relief to firms undergoing insolvency resolution, the Finance Ministry has now eased provisions of minimum alternate tax (MAT) for them.
Accordingly, companies against whom corporate insolvency resolution process has been initiated can now reduce the total loss brought forward (including unabsorbed depreciation) from the book profit for the purpose of MAT.
Representations have been received from various stakeholders that the companies against whom an application for corporate insolvency resolution process has been admitted by the Adjudicating Authority, are facing hardship due to restriction in allowance of brought forward loss for computation of book profit, said the Central Bo…
Read the full article at: http://www.thehindubusinessline.com/economy/policy/cbdt-relaxes-mat-provisions-for-companies-under-corporate-insolvency/article10018184.ece
NEW DELHI: Keen to minimise hardship faced by companies going in for insolvency resolution, the government will from financial year 2017-18 allow a company to reduce amount of total loss brought forward including unabsorbed depreciation from the book profit for the purposes of levy of minimum alternate tax.
This facility would be available only for companies against whom an application for corporate insolvency resolution process has been admitted by the adjudicating authority.
Appropriate legislative amendment in this regard will be made in due course, a Central Board of Direct Taxes statement said on Saturday.
An amendment to this effect is to be made in the section 115 JB of the Income Tax Act in the upcoming budget. ET …
Read the full article at: https://economictimes.indiatimes.com/news/economy/policy/govt-announces-relaxation-in-tax-regime-for-companies-in-insolvency-resolution-process/articleshow/62393660.cms
SEREMBAN: Young people in the country need to be financially knowledgeable to keep them from falling into heavy debts, as well as risking being declared bankrupts.
MCA Youth chief Datuk Chong Sin Woon said this was because last year alone, it was estimated that 70% of the individuals declared bankrupt were the young.
“We saw last year, out of nearly 300,000 people declared bankrupt, 70% were young people … these groups are most vulnerable to incurring financial burdens such as personal loans, vehicle loans and credit cards.
“Many young people believe in trends like quic…
Read the full article at: http://www.thesundaily.my/news/2018/01/06/youths-must-be-financially-savy-avoid-bankruptcy
NEW DELHI: Rohit Gothi, executive director of market operations at beverage maker Coca-Cola‘s bottling partner, has put in his papers, a month after the company announced a large-scale restructuring of its business, which would make some jobs redundant.
A spokesperson for Hindustan Coca-Cola Beverages Pvt. confirmed Gothi’s resignation.
“Rohit Gothi has decided to pursue a career outside HCCB after having ably served the company for four years. He will remain an ambassador of Coca-Cola brands,” the spokesperson said in an email.
Gothi was with HCCB since July 2014, and oversaw all field operations encompassing front-end roles including the company’s seven operating zones, alternative engines of growth (online and alte…
Read the full article at: https://economictimes.indiatimes.com/news/company/corporate-trends/coca-cola-bottling-partners-market-operations-head-quits-amid-restructuring/articleshow/62389266.cms