Today:

18/09/2021

Kris Paterson

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What Fraud? James Duncan

The scheme involved investors buying properties on Duncan's recommendation and Montecastro by taking them out of new mortgages over the new houses' value. Pacific Wealth Management would then take the difference between the mortgage and the purchase price as a "concession fee", promising to invest the money to cover the mortgage cost.

It pays to vary regional wage floors

Some areas will be able to tolerate higher lower limits thanks to higher average incomes. In Munich, for instance, the median hourly rate is EZ/, So Companies would only start cutting jobs if they were forced to pay at least €17.88.

I Want That Job!-CEO

Brands and PepsiCo enjoyed expanded private-jet privileges during the pandemic, including for personal use, says Patrick Temple-West in the Financial Times.

I Want That Job!-FCA

Former FCA chief executive Andrew Bailey, who left in March 2020 to take up his current post as governor of the Bank of England, was due to be paid a bonus of £68,000. He received £27,000 in March 2019, with the remainder to be paid in April last year

I Want That Job!-Softbank

The firm's 52 "front-office" staff are believed to have received an "outsized cut of the awards, with some dealmakers being given multimillion-dollar payouts". However, the payout excluded its three directors. They shared $20.1m over the period

I want that job!-Barclays

Barclays' first-year analysts will now be on the same salary as their peers at JP Morgan. Bank of America promised in April to raise the pay of its junior bankers following concerns over "burn-out" among younger staff

Back to the office after home working

It may be legal and reasonable to require staff to keep working from home or wear a mask in certain situations. Some professions are considering requiring staff to declare their vaccination status.

What Fraud? Gina Champion-Cain`s Ponzi Scheme

By 2012, Champion-Cain's moving various companies were losing large sums of money. Hence, she set up an investment scheme that promised to deliver largely guaranteed returns to investors, of up to 22% a year, by lending money to business owners attempting to acquire California state liquor licences. She promised that the funds would be held in an escrow account so that the money would be protected. In reality, no loans were made, and she diverted the set money to prop up her failing business empire, fund her lavish lifestyle (she spent $800,000 on sports tickets alone) and repay earlier investors.

Kris Paterson

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