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FinCEN Files: HSBC moved Ponzi scheme millions despite warning

FinCEN Files: HSBC moved Ponzi scheme millions despite warning

World
HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show.Britain's biggest bank moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014.Its role in the $ 80m (£62m) fraud is detailed in a leak of documents - banks' "suspicious activity reports" - that have been called the FinCEN Files.HSBC says it has always met its legal duties on reporting such activity.The files show the investment scam, known as a Ponzi scheme, started soon after the bank was fined $ 1.9bn (£1.4bn) in the US over money laundering. It had promised to clamp down on these sorts of practices.Lawyers for duped investors say the bank should have acted sooner to close the fraudste
‘Irretrievably broken’: Cardi B files for divorce from husband of three years

‘Irretrievably broken’: Cardi B files for divorce from husband of three years

Entertainment
Rapper Cardi B has filed for divorce from her husband Offset, whom she has been married to for the past three years.Cardi B, real name Belcalis Marlenis Almanzar, married the Migos singer Offset, real name Kiari Cepheus, in a secret ceremony in September 2017. The 27-year-old singer made the filing on Tuesday in Atlanta in Georgia - near their marital home. Image: Cardi B had a daughter with Offset in 2018, called Kulture Tuesday's filing states that the divorce is being contested by Offset, 28, with whom the rapper has a daughter Kulture.Cardi B is asking for "primary physical custody" of their daughter, while asking that Offset contributes to her "support and maintenance". ...
Airbnb files preliminary paperwork for public stock offering

Airbnb files preliminary paperwork for public stock offering

Technology
Airbnb has filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing businessBy DEE-ANN DURBIN AP Business WriterAugust 19, 2020, 10:12 PM3 min readShare to FacebookShare to TwitterEmail this article Airbnb on Wednesday filed preliminary paperwork for selling stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business. The San Francisco-based company said it submitted a draft registration statement to the Securities and Exchange Commission. It kept details in the statement confidential. Airbnb said the number of shares in the company it plans to sell and their price hasn’t yet been determined. The timing of the IPO also hasn’t been set. Airbnb, which was fo
Leaked WHO files show China ‘delayed releasing important information’ about virus

Leaked WHO files show China ‘delayed releasing important information’ about virus

World
China delayed releasing important coronavirus information during the early days of the outbreak, according to leaked WHO documents and recordings of WHO meetings obtained by the Associated Press (AP).The delay led to frustration for officials in the World Health Organisation (WHO), even as they publicly praised China for its transparency. The country waited more than one week before publishing the genome of the novel coronavirus on 11 January, despite the fact three different government labs had fully sequenced the genetic code. Image: The outbreak began in Wuhan, in China's central Hubei province. File pic "Tight controls on information and competition within the Chinese public health system were to blame, according to dozens of inte...