Urging other participants in the massive fraud to come forward in exchange for leniency in sentencing for any convictions, prosecutors warned however that “the value of information” is diminishing as the investigations progress.The huge scam had unraveled in June when auditors Ernst & Young said they were unable to find 1.9 billion euros of cash in the company’s accounts.The missing cash makes up a quarter of the balance sheet. The sum was supposedly held to cover risks in trading carried out by third parties on Wirecard’s behalf and was meant to be sitting in trustee accounts at two Philippine banks.But the Philippines’ central bank has said the cash never entered its monetary system and both Asian banks, BDO and BPI, denied having a relationship with Wirecard.The German-based group was finally forced to admit the sum likely did not exist. German prosecutors said Wednesday they have arrested the former chief executive and two board members of Wirecard for “commercial fraud”, saying investigations show that trickery was already happening in 2015.The widening probe suggests that banks in Germany and Japan as well as other investors were conned into providing funds of up to 3.2 billion euros ($3.7 billion) to Wirecard, said prosecutors, adding that the sums are now “very likely lost because of the insolvency of Wirecard”.Described by Germany’s finance minister as an “unparalleled scandal”, the collapse of the payments provider in June shocked the nation and has since snowballed into a political hot potato for the government. Ex-CEO Markus Braun, who had already been arrested before being freed on bail over market manipulation, and the board members were detained on Wednesday in Munich, prosecutors said.All three, plus another suspect who was identified only as the managing director of Cardsystems Middle East FZ-LLC, a Dubai-based subsidiary of Wirecard, are suspected of “inflating the balance sheet and volume of revenues by falsifying the company’s intake.””The company was to be presented as financially strong and attractive to investors and clients, so that loans could be obtained from banks and other investors on a regular basis, as well as keep it generating its own income,” said Munich prosecutors.”In reality, it was already clear to the accused by the end of 2015 at the latest, that Wirecard group was making losses with its actual businesses.” Topics :
Press Release, Weather Safety On the busiest travel weekend of the year and with ice and snow forecast tonight through Tuesday, Governor Tom Wolf is alerting all Pennsylvanians and travelers to the state to be prepared for potentially significant travel impacts.“As always, the safety of everyone in the state is my priority,” Gov. Wolf said. “The Thanksgiving holiday weekend will end with some potentially dangerous winter weather, making safety and preparedness even more important as folks travel. Please heed the advice of weather forecasters and emergency professionals and consider altering travel plans if necessary. I want everyone to have had a wonderful holiday weekend and safe travel is tantamount to that goal.”Beginning in southwestern Pennsylvania this evening and traveling northeast, much of the state will feel the effects of two powerful winter storms that have made their way across the country, bringing with them snow, ice, heavy winds and difficult travel conditions.The most significant impact of the storm will be felt in the northern tier to the Laurel Highlands across southern Pennsylvania, but all parts of the state could experience sleet and freezing rain, power outages and downed trees depending on how temperatures settle in overnight.From Sunday evening through Tuesday morning, much of the state will see snowfall with northeast Pennsylvania experiencing the highest amounts, potentially topping 10 inches before the storm exits the state Tuesday morning.“With a storm like this, a difference of just a few degrees can quickly change weather and road conditions,” said Pennsylvania Emergency Management Agency Director Randy Padfield. “Make sure you have emergency supplies in your car if you must travel, and stay in touch with neighbors so you can help each other if you lose power.”Gov. Wolf asked Pennsylvanians to please stay home if possible, but if you must travel, check available PennDOT and Pennsylvania Turnpike resources for the latest information, consider getting ahead of the storm by leaving earlier or alter your route to avoid impacted areas.Motorists can check conditions on more than 40,000 roadway miles, including color-coded winter conditions on 2,900 miles, by visiting www.511PA.com. 511PA, which is free and available 24 hours a day, provides traffic delay warnings, weather forecasts, traffic speed information, and access to more than 950 traffic cameras. 511PA is also available through a free smartphone application for iPhone and Android devices, by calling 5-1-1, or by following regional twitter alerts accessible on the 511PA website.For more information on PennDOT’s winter preparations and additional winter-driving resources for motorists, visit the department’s winter website, www.PennDOT.gov/winter.For a list of up-to-the-minute travel advisories for the Pennsylvania Turnpike, visit their website or view a travel conditions map to help you safely plan your trip.The Pennsylvania Public Utility Commission (PUC) advised Pennsylvanians to write down, print or save toll-free outage hotlines for your electric utility and/or your natural gas utility, which are listed on your monthly bills and posted on the PUC website. The PUC also encourages Pennsylvanians to call their utility company if an outage occurs and not to assume someone else has already done so.Gov. Wolf also reminded Pennsylvanians that the application period is open for the Low-Income Home Energy Assistance Program (LIHEAP) to help families living on low incomes pay their heating bills in the form of a cash grant.“Making sure all Pennsylvanians are safe and healthy is my top priority every day, but especially as we conclude the busiest travel weekend of the year,” said Gov. Wolf. “I cannot stress enough the importance for everyone to heed weather forecasts, listen to directions from emergency officials, plan accordingly, and check in on your neighbors, especially the elderly.” November 30, 2019 Gov. Wolf: As Powerful Winter Storms Reach Pennsylvania, Travelers Should Prepare and Heed Forecasts SHARE Email Facebook Twitter
Gerard Frankema, director of Stap, attributed the growth of his organisation slowing down to “missing out on attracting a few large pension funds”.“However, we are still open to new clients and are currently in discussions with potential customers,” he said.De Nationale APF attracted the largest customer in terms of assets, with the €1.8bn pension fund of automobile organisation ANWB joining with 12,000 participants.Het Nederlandse Pensioenfonds was joined by the company schemes Randstad and Owase, which added €900m and €1.2bn, respectively. Randstad joined with 12,000 participants.Last year, the Centraal Beheer APF expanded with the pension funds Equens (€700m), Sligro (€370m) and Chemours (€330m).Assets at Volo, the APF established by PGGM, rose to €325m. However, PGGM has decided to cease operating the vehicle to focus on its core tasks as a pensions provider for the care sector instead. Its current two clients, Ortec and the former pension fund Jan Huysman, are still seeking another provider.The Delta Lloyd APF is still in liquidation, and following the take-over of Delta Lloyd by NN which has its own APF, it has no further assets. The Dutch general pension funds (algemeen pensioenfonds or APF) saw their combined assets under management increase by no less than 73% to almost €17bn last year.With €6.6bn, Stap – the consolidation vehicle established by insurer Aegon and its subsidiary TKP Pensions – is still by far the largest provider, but the competition is catching up, a survey by Dutch pensions publication PensioenPro has revealed.Het Nederlandse Pensioenfonds of insurer ASR is runner up, with €3.8bn of assets under management, followed by Centraal Beheer APF (Achmea) and De Nationale APF (NN Group), with €3.2bn and €3bn, respectively.Last year, the four APFs welcomed eight company pension funds in total. Delta Lloyd’s APF is in liquidation, following the takeover by NN, which has its own APFDespite the significant growth in assets, combined assets under management of the APFs represented only a limited part of the €1.56trn of total Dutch second pillar assets at the end of October.However, assets managed by APFs now exceed those of the low-cost defined contribution vehicles (PPI), whose combined assets stood at €11.3bn at the end of October.Based on the number of participants, the Centraal Beheer APF is now the largest player on the APF market. It saw the total number of participants increase by 66% to 157,000.The four remaining consolidation vehicles said they expect to attract at least six new pension funds, representing €2bn of assets, in 2020.With these new customers, their total annual contribution volume will increase to €361m.Centraal APF and Stap said they expected to be part of at least 15 and 10 tenders, respectively, for new clients.Het Nederlandse Pensioenfonds added it had already signed three declarations of intent for value transfer of €200m in total for 2020.Roel Knol, executive trustee at De Nationale APF, said “several pension funds had started moving, as clarity about the elaboration of the pensions agreement seems to be increasing”.
577 Ipswich Road, Annerley, has loads of parking space in the back, but that’s not where the income comes from.This house earns more than an average heart surgeon thanks to 22 quirky features — just one of several like it on the market in Brisbane.Investment property specialists Adam Holmes-Barry and Clive O’Kelly of Ray White West End have property in Brisbane’s southside on the market with a whopping 22 fully furnished bedrooms.It’s part of what they call “a unique investment property” at 577 Ipswich Road, Annerley, that nets around $200,000 a year in income, according to Mr O’Kelly.MORE: Best excuse for a bigger boat, everResidents cash up as revheads move inRugby star’s dream home revealed The home has 22 bedrooms which are individually let out.The layout is a revelation in use of space.Mr O’Kelly said a 30-bedroom investment property sold yesterday at 65-67 Eureka St, Kelvin Grove for $2.55m.“Income there was just under $300,000 a year,” he said, “Close to 12 per cent return”.According to payscale.com the average cardiac surgeon in Australia earned a salary of earned a median salary of $203,000 — though the top level got about half a million.Mr O’Kelly said properties like the rooming houses were proving popular with investors in the city. “There’s a huge market in Brisbane at the moment for budget accommodation.”65-67 Eureka Street, Kelvin Grove, sold for $2.55m yesterday.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoIt has 30 beds, 4 baths and 10 carparks on a large 810sq m block.Mr Holmes-Barry said the properties included student accommodation, guesthouses, boarding houses, and “bed and breakfasts”.“Rooming accommodation is what rents to young single professionals, there are a lot of blocks of units, 12 packs and six packs as well.”Among other recent sales was a building with 13 single-bedrooms in Fortitude Valley that sold for $1.65m.12 Vulture Street, West End, has 29 fully furnished rooms.The property earns about $280,000 a year.Another property at 12 Vulture Street, West End, currently earning about $280,000 a year, with 29 rooms was on the market for around $3m.“This is what we do,” Mr O’Kelly said. “Last week we had three (sell), another one settled today.”“Winter makes no difference whatsoever. The demand is there. Vacancy is very low at less than 2 per cent.”FOLLOW SOPHIE FOSTER ON FACEBOOKVideo Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58
Former transitional President of Guinea General Sekouba Konate has reportedly pleaded guilty in the US to smuggling tens of thousands of dollars into the country.Prosecutors say that Gen. Konate, who is also a former African Union general, attempted to smuggle more than $64,000 into the US, much of it hidden in luggage, on a 2013 flight from Ethiopia to Dulles International Airport.Gen Konate served as the interim president of Guinea during the political turmoil in the West African country in 2010, and was later appointed by the African Union as its “high representative” in efforts to establish a standby force to intervene in conflicts in Africa.He had been due to go on trial on Tuesday in a US court, but instead pleaded guilty to the charges.Gen Konate’s plea may result in him getting a prison sentence of up to five-years. According to a statement he signed as part of his plea, the general called the searches improper given his status as the former president of Guinea and commanding general of the African Union forces, Reuters reports court documents to show.
Walcott, 26, hit the only goal of the game as Arsenal beat Wolfsburg 1-0 to secure Emirates Cup success for the Gunners for the first time since 2010. His future at Arsenal had again been questioned but Wenger now expects him to sign a new contract and, with the Frenchman adamant he does not need to add a striker in the transfer market – believes Walcott can produce the goods. “Not yet but we’re getting closer and closer. Hopefully we can finalise it very soon,” he replied when asked if Walcott had already signed a new deal. “It was another goal for Theo and I’m not surprised by that because I played him through the middle. “I’ve always said that he’s a goalscorer because he has the movement, he has the timing of the run, the speed for the finishing, and he has an eye for taking his chances at the right moments. “When he gets into these positions he finishes well. Yesterday he nearly scored when he came on as a substitute, today he scored. I believe that Theo will score goals.” Walcott missed a couple of good chances to break the deadlock in the first-half when deployed in a central role. Ironically, his goal came after the introduction of Chuba Akpom had seen Walcott switched to the flank – and Wenger believes the England international can perform in a number of roles. When asked what Walcott’s best position was, he answered: “It’s a good question because it’s a complicated answer. I think in all the three positions. “If you ask him where he loves to play, I believe that even he will say that it depends a little bit on the period. Sometimes he prefers left. When I’ve played him on the left he likes it as well because if he makes a good run he can score goals as well. “In his ideal world he would like to play with a strong guy next to him, a player who is very strong physically, and play off him. We have so many offensive players which makes that very difficult to combine all of them together. “He’s not an aggressive striker, he’s a mobile striker. He’s the striker who lives from the quality of his movement and the speed of his movement. “He turns up in the right spaces in the box and you cannot give that to a player. He anticipates well, he understands quickly and when that is linked with his speed and execution it always makes him very dangerous.” Arsenal may have not matched the heights of Saturday’s 6-0 thrashing on Lyon but Wenger was still pleased with his side’s performance – which also saw Petr Cech make his first appearance at the Emirates Stadium. “It was maybe less spectacular than yesterday because we had a big problem starting and getting going,” he said. “But overall it was a good performance where our technical level was good, our passing was good, maybe our final ball and finishing was not top sometimes. “In the second half we defended higher and gave them many more problems than in the first where we defended a bit too deep. Overall we had two good days.” Press Association Arsene Wenger has said Theo Walcott is likely to pen a new deal at Arsenal very soon – and has backed him to score plenty of goals this season.
Theo Walcott believes Arsenal’s ability to grind out a victory over Newcastle on Saturday proves they have title-winning credentials. Aleksandar Mitrovic and Georginio Wijnaldum came closest to scoring for the visitors, who came up against an inspired Petr Cech in the Arsenal goal. But it was Koscielny, scoring his third goal of the campaign, who ensured the points stayed in north London and Walcott feels Arsene Wenger’s side have now matured into one capable of winning ugly when required. “The three points are crucial at this moment in time, especially when teams slip up as well,” he said. “We’ve had a blip at times but it’s important that we get those hard-fought three points today. In previous seasons we would have lost that or drawn, so that’s a very good sign for 2016. “The title is anyone’s to be honest but there’s such a belief in this team that we can do it this year. It’s been a long time and everyone understands that, but you could just sense with that performance that we know what we need to do. “It’s up for grabs but we have the strength in depth in this squad and I believe that we can push on this season and hopefully be successful. “A lot of games have been like that this season. The Premier League is starting to open up a little bit and a lot of teams are ready for the battle this year. “The performance wasn’t there to be honest, but the work rate is always there and when you have work rate you always get the success that you need, want and deserve.” The Gunners opened up a two-point gap at the top of the Barclays Premier League as Laurent Koscielny scored the only goal in a scrappy 1-0 win. Newcastle actually created the better chances at a wet and windy Emirates Stadium but were made to pay for their continued wastefulness. Newcastle have now drawn a blank in their last three matches, losing all three by a tight 1-0 scoreline as they remain in the Premier League bottom three. Steve McClaren’s side have now taken one point from their last four outings after back-to-back victories over Liverpool and Tottenham gave them renewed hope of survival. Wijnaldum may have passed up one of the better chances of the game at Arsenal but insists the players will keep going as they look to end their goalscoring hoodoo. “I thought we were the better side,” he said. “We had good precision play and created chances but we didn’t take them, so it was going to be difficult. They had one set-piece and scored. “We had a lot of confidence that we could play football here, but in the end we have nothing and we’re sad – it’s really frustrating. You know they have the quality to score but if we had taken two chances we would have won. “You must keep faith that you are going to score goals, but every time you don’t you get frustrated and disappointed. But we have to keep our heads up and we must fight to get the points.” Press Association
Instead they will have to share the record of 16 straight wins set by Pep Guardiola’s Barcelona side in the 2010-11 season.However a point ensures they remain top of La Liga, four points ahead of Barcelona, who played Atletico Madrid later last nightLEAGUE CUPResultsFulham 1-2 Bristol CityNorth’Town 1-3 Man UtdQPR 1-2 SunderlandS’tampton 2-0 Cry’PalaceStoke 1-2 Hull CitySwansea 1-2 Man CityTottenham 5-0 GillinghamWest Ham 1-0 AccringtonShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Real Madrid missed out on a record-breaking 17th consecutive La Liga victory as they drew with Villarreal.The hosts fell behind just before the break when Sergio Ramos used his hand to block a shot in the box and Bruno Soriano chipped in from the spot.Ramos made amends soon after the restart, heading in from a corner.Zinedine Zidane’s side put the visitors under concerted pressure throughout the second half, but Villarreal held on to deny Real the outright record.
While Halloween was Thursday, Friday at the Kohl Center gave the Wisconsin men’s hockey team a big scare. After falling in a 3-0 hole in the game’s first 4 minutes and 9 seconds, Wisconsin climbed back and salvaged a tie with Lake Superior State, scoring the tying goal with 1:22 left in regulation.Only 33 seconds into the tilt, Lake Superior State’s Alex Globke fired a shot that deflected off several players and found its way past a dazed junior goaltender Landon Peterson for Wisconsin (2-2-1). Just a little less than three minutes later, the Lakers (4-0-1) tickled the twine again, this time on a rebound power play goal by Dan Radke. But LSSU wasn’t finished, as 46 seconds after the second goal, Colin Campbell drifted down the slot and fired a weak wrister that snuck past Peterson, setting off a chorus of boos from the crowd.The large early deficit was eerily similar, almost as if time had rewound itself to two weeks ago when Wisconsin was throttled in back-to-back nights in Boston.“Well, we were hoping for a different start. As a matter of fact, when it was the way it was, it felt like we were in Boston again because the goals they scored were like the ones in Boston, hitting people. First goal hit three people and went in. The second goal was tipped in as well. The third goal, I think [Peterson] would like to have back and get a second try at it,” head coach Mike Eaves said. “But it felt like, holy smokes, we still haven’t got the demons from Boston out of our system yet.“It had its glimpses of [Boston],” Peterson said. “There were just unfortunate bounces from the point. That happens sometimes but it seems like it’s coming in pairs now. But you just got to forget about it. There’s nothing you can do about it. You can’t control it, so you just got to move forward.”Unlike the weekend in Boston, Wisconsin didn’t waiver in the face of adversity Friday and battled for one of the more memorable comebacks of recent memory.Getting his team back into the game late in the first period, senior forward Michael Mersch redirected junior defenseman Jake McCabe’s initial shot over the left shoulder of Lakers’ goaltender Kevin Kapalka with 3:39 left to cut the deficit to 3-1. Wisconsin essentially dominated play during the remainder of the game, but it wasn’t until the midway through the third period that the Badgers scored again. Senior forward Tyler Barnes cut the lead to one with 8:42 to play, and later netted the game-tying goal with 1:22 to play.With an empty Wisconsin net and an extra attacker on, Wisconsin won the faceoff in the offensive zone. McCabe blasted a drive from the right point that was stifled by Kapalka. But Barnes dug for the rebound in the crease and lofted a wrister over the Lakers’ netminder to send the Kohl Center into a frenzy.Neither team found the back of the net in the overtime session, but the tie was hardly a negative outcome for the Badgers, who outshot the Lakers 29-11 over the final two periods in a critical comeback.“I’m pumped. This is exactly what we needed for our guys – this kind of type of game to get some sound feedback that, ‘Hey, we’re a pretty good team.’ We overcame some adversity. We earned a 3-3 tie. We pulled our goalie. We did it, so that’s a good thing for us. That’s what we leave with tonight,” Eaves said.
Share Submit Share StumbleUpon Steven ValentineRegulatory attentiveness in 2017 held monumental bonusing based consequences for gaming operators in the UK, writes Steven Valentine, Director of Interactive at Comtrade Gaming.Whether it’s in the form of player acquisition, retention or re-engagement, it seems that the subjective nature of bonusing terms is no longer up to interpretation. According to the UKGC, trust in the gambling sector is significantly declining, prompting operators to shift their attention to transparent player marketing to build their business strategy.While some operators will have to act as public examples with regulatory fines, prioritising fair marketing campaigns will serve as an additional responsibility that both operators and technology providers will have to tackle. In closer collaboration with platform providers, operators can ensure that players will engage better with fairer bonusing structures by having the technology at hand to support regulatory changes.Outside of the gaming industry, the Advertising Standards Authority (ASA) is also on the receiving end of numerous complaints about “free bets”. What is of particular concern to industry watchdogs are the subjective, unclear and opaque conditions around deposits and wagers to qualify for the promotional bets and the questionable descriptions surrounding their ‘risk-free’ nature.Bonusing in its updated (and impartial) form can provide considerable benefits to players, especially as platforms improve their functionality along regulatory preferences to optimise the online gaming experience. According to a recent study by Label Insight, up to 94 percent of consumers surveyed indicated that they were more likely to be loyal to a brand that offers transparency, while 73 percent said they were willing to pay more for a product that offers complete transparency.These statistics show that brand loyalty and high player life-time value begin with the simplest and basic business practices. The Gambling Commission’s emphasis on ensuring licensees act accordingly with bonusing terms also extends to platform providers and suggest numerous conditions around bonusing offers.In terms of the Do’s and Don’ts of bonus requirements, half of the responsibility also falls on platform providers who must develop the framework to quickly and effectively communicate bonus eligibility, differentiate between playing and bonusing funds in e-wallets and allow players to exit promotions with remaining deposits and winnings.Nonetheless, not all gaming platforms are created equally, and this can create a significant effect on bonus campaigns and the operator’s ability to follow strict regulation to optimise their business.The advantage of online bonuses are the immediate configuration possibilities based on legislative requirements, opportunities to influence player life-time value and adjustments to individual acquisition responses. Operators looking to be aligned with the Gambling Commission’s priorities should turn to platforms that are as technologically advanced as the regulatory system is active – such as is Comtrade Gaming’s iCore – The Enterprise Gaming Platform.Bonusing modules within online platforms serve as a single point for bonus management across multiple brands, suppliers and products and work as the control center for both legal, business and marketing strategies.The UK’s regulatory regime is both liberal and responsible. Due to the high level of online product penetration, the UK plays a key role in shaping the global gaming market and we can expect for other markets to follow suit.Whether it is UKGC’s CEO Sarah Harrison stern warning that, ‘We will intervene’, or the Competition and Market’s Authority (CMA) declaration that ‘making the withdrawal of deposit winnings conditional on meeting wagering requirements is a significant restriction on the consumer’s right to withdraw’, operators will have to turn to their platform providers for highly effective platform functionality, bonusing features and legal compliance.The operators who pride their business on longevity and high player loyalty avoid ambiguous marketing campaigns as it affects all levels of their online operations and ultimately leads to million-dollar penalties and losses.Industry-leading gaming sites make sure to substantiate bonusing campaigns with clear terms and conditions, but accountability and consent also falls on the player to inform themselves about what they are agreeing to participate in by reading the requirements and limitations.Bonusing, accompanied with gamification, is shaping to be one of the defining benefits to the multi-channel experience and a point of differentiation among operators. When we consider the facts, it’s hard to ignore that legal bonusing can provide brand transparency, attract players and increase player life-time value.