Gathered around him. Banks lend him huge amounts of money nothing was too good for him. We wanted to find out how he managed to scam billions in a complex pyramid scheme. To date month me their lives im a yorker where he retired after he got out of prison. Smita wants to keep his family out of the street pulls his exwife and 2 children live in switzerland home to meet her grew up in castle where his father was a businessman and he discovered at an early age that he had a talent for making money out loud. We met him at one of his favorite restaurants near palma. Course i was always ambitious i wanted to have a job out of for cold when i was in college i sold cars and the 1st to be w. s and then mercedes he had me say 3 or 4 that when i was 16 i sold Life Insurance after school for the 1st year i worked for a company that was owned by the father of one of my friends who live by always wanted to have something to do but at some point i took a wrong turn. And i either didnt notice at the t
German chancellor Angela Merkel has announced new measures in response to a surge in covert 19 cases shes vowed to avoid a full National Lockdown instead she announced what she called a hotspot strategy after meeting with leaders of germany 16 federal states. The us president ial hopeful joe biden has released his tax returns ahead of tonights 1st debate against donald trump biden paid nearly 300000. 00 in federal taxes last year race and media reports reveal President Trump paid nothing in 10 of the past 15 years bidens running mate comma horace has also made her returns public this is day to day news from berlin follow us on twitter and instagram d w news or visit our website dot com. The corona virus pandemic has now claimed more than 1000000 lives globally this incredibly high death toll reflects an epic failure in Public Health policies from the u. S. To russia from brazil to chile one team is quickly becoming one of the worlds deadliest Infectious Diseases it took 9 months for th
Coming after yesterdays euphoria that is part of the momentum growth trade materials and industrials are the only sectors in the green. We have a few more ipos and awaiting more news on tiktok and oracle it will be busy coming up on todays show, mohammed elerian will join us on the on going stimulus stalemate and well speak with Jim Fitterling and shares of Cybersecurity Firm Palo Alto Networks up 80 from the march lows as companies boost protections for employees working from from home the ceo will join us to discuss that trend and much more lets focus first of all on the big stories youre watching. Mike santoli is tracking to days volatile Market Action we have the latest on stimulus in washington and sara has new reporting on the oracletiktok sag yachlt mi saga mike, markets down 1. 4 . The ive been heavy tape all day. We continue this process of sort of undoing that august overshoot to the upside. Ive been focused on levels that we saw back on august 11th thats about 3333 we closed
They all matched up. So they also looked at the id plates and they checked out as well. And im to duplicate now and before thats basically how we did it. Everything seemed fine for taught me like to mention at the end of the day he was probably pleased to see how easy it was to deceive people the mood of life time. It all seemed so easy almost a sure thing smita kept playing his shell game with the drilling equipment and the banks kept lending him money after all he had to make the monthly lease payments even if the machines existed only on paper. Flying classes. It was a classic pyramid scheme and it worked at 1st because he used the new loans to pay off old creditors lloyd bigger but then things got out of hand and it became more and more difficult to control it. Through houghton when this violent ended and it got to the point where he had to come up with 60000000. 00 marks a month just to make the leasing payments. No more not least begins. Thats me to manage to convince the banks t
The s p down 2. 5 and the dow 2. 7 the s p dropping 4. 4 last week and lets take a look at some of the specific names in all of this falling 7. 4 netflix 6. 6 and then the one everybody is talking about tesla. That stock plunging 10. 9 . Whenever we can talk about algorithms, do you know what im saying i like it as the secret sauce, wow, i wish, you know, i wish i took a little bit more calculus or math or whatever. Do you know lets talk about it because theres so much. Youre all fired up youre tweeting about it and i dont follow you belief it or not because i like to enjoy my weekend, but someone retweeted your stuff to me and im like oh, geez anyway, youre mad because trump said he wouldnt do a partnership ever when it was microsoft and now he likes oracle i figure its because well talk all about it all right make it i know. Do you know what im going to do im going to read this and say andrew take it away. Making headlines, sources telling cnbc that oracle is set to be announced as t