A Manhattan federal judge said Monday white-collar criminals shouldn't get a "pass" as he sentenced a co-founder of defunct trade financing firm International Investment Group LLC to 12 years in prison for a $129 million fraudulent loan scheme.
Cross-border deals need broad skills in time of trade war and pandemic
For global commercial lawyers, advising on cross-border deals between local investors and foreign capital raisers is difficult at the best of times. But when the deal involves US and Chinese interests in the middle of a trade war, risk rises to a new level of complexity.
So, Ting Wang, of counsel at law firm Paul Hastings in Shanghai, had a challenge on his hands when his team tried to broker a strategic alliance between Chinese health group Fosun Pharma and Nasdaq-listed BioNTech to help develop and commercialise a Covid-19 vaccine.
KOTA KINABALU: A China company wants to invest in the Tanjung Aru Eco Development (TAED) integrated mega project.
Sabah Chief Minister Datuk Seri Hajiji Noor said CRCC International Investment Group Limited is also keen to invest in other economic sectors in the state.
Hajiji received a delegation from the company, led by its director Frank Y.F. Feng, who paid him a courtesy call at his office on Monday (April 19).
The Chief Minister also said public-listed T7 Global has expressed interest in investing in oil and gas fields under the Sipitang Oil and Gas Industrial Park (Sogip).
A T7 Global delegation led by its deputy executive chairman Tan Sri Tan Kean Soon also paid a courtesy call on Hajiji on Monday.
by Tyler Durden
Thursday, Apr 15, 2021 - 07:30 PM
The Department of Justice U.S. Attorney’s Office in the Southern District of New York yesterday announced that a managing partner and COO at New York-based investment advisory firm International Investment Group (“IIG”) had pled guilty to investment adviser fraud, securities fraud, and wire fraud offenses in connection with an over $100 million scheme to defraud his clients.
Martin Silver pled guilty to perpetrating a scheme that lasted more than 10 years, the release said. He created fictitious investments and overvalued investments used to generate funds to pay off earlier investors in a Ponzi-like manner, the Department of Justice said.
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