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Trader Accused of Evading Tax on $14m of Gold


Trader Accused of Evading Tax on $14m of Gold
March 17, 21 by John Jeffay
(IDEX Online) - A trader has been arrested on suspicion of diverting duty-free gold worth almost $14m back into India s domestic market.
Preet Kumar Agarwal is accused of re-directing 250kg of gold after it had been formally cleared by airport Customs officers for export, thus evading tax. 
He was arrested last Thursday under the Prevention of Money Laundering Act.
India s Enforcement Directorate (ED) also raided five locations in Hyderabad last week, among them Ghanshyamdas Gems & Jewels, owned by his father Sanjay Kumar Agarwal.
The Times of India quotes ED officials as saying: Instead of bringing (the consignment) to Dubai, Preet Kumar passed on the boxes containing the gold jewellery to his father Sanjay, who was waiting outside the airport.  ....

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U.S. SEC sues California trader for alleged social media fraud scheme


By Reuters Staff
2 Min Read
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Monday it has charged a California-based trader for an alleged fraud scheme in which he spread false information about a defunct company on Twitter.
Andrew L. Fassari, or @OCMillionaire on Twitter, tweeted false statements about Arcis Resources Corporation during December 2020, shortly after purchasing over 41 million shares of the stock, the SEC said in a complaint unsealed on Monday.
Fassari’s attorney said he denies any wrongdoing.
The trader made approximately 120 tweets from Dec. 9 to 21 with false and misleading statements about the stock, causing its price to surge over 4,000%, the SEC said. Fassari later sold all his shares between Dec. 10 and 16, booking $929,000 in profits from the scheme, according to the allegations. ....

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Tradie couple tours Australia after launching mobile business


“That purpose has evolved into our mission to provide services to remote communities.
“Regional areas do not have the same accessibility to trade based services as more metropolitan areas, so being mobile allows us to help those residing in remote communities far sooner than are normally possible.”
Outback Tradie has already reached local towns such as Emerald, Alpha, Clermont, Blackwater, Springsure, and Rolleston.
“We have found comfort in the Central Highlands and it has been immensely rewarding to service the regional communities within the vicinity,” Ms Bradford said.
The couple are “really fulfilled” in the work they’re doing by travelling to various regional communities, which has also given them the opportunity to meet a range of trade based businesses. ....

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