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Workers urge Amazon boss to restore share schemes

Workers urge Amazon boss to restore share schemes

Technology
Dozens of UK Amazon warehouse workers have sent emails directly to Jeff Bezos urging him to restore their employee share and incentive schemes, which they say have been cut in order to fund a promised pay rise. Sky News has seen some of the emails, which mainly come from longer-term workers, who say they have been hit hard by the changes.In one, a worker at a fulfilment centre in Dunfermline warns Mr Bezos that the move "may receive major backlash and some disappointed workers".The email continues: "We take great pleasure in receiving our shares as that is what makes Amazon unique and for people that have children it is a delight to have that extra bonus."In another, a worker who says they have worked for seven years in Amazon's fulfilment centre at Doncaster, tells Mr Bezo...
Franklin Templeton Mutual Fund makes changes to 24 schemes

Franklin Templeton Mutual Fund makes changes to 24 schemes

Finance
Franklin Templeton Mutual Fund is making some changes to 24 of their existing schemes and merging its two schemes (Franklin India Government Securities Fund (FIGSF) - composite and PF Plan into FIGSF – Long Term Plan). The changes will be effective from June 4. The re-categorisation and merger of schemes are in line with Sebi’s new rules on categorisation of mutual funds. “If the investors do not wish to continue the systematic transactions under surviving plan (FIGSF – Long Term Plan) post-merger, the investors are required to intimate Franklin Templeton Mutual Fund in writing their unwillingness to continue the said facilities latest by 3 pm on June 1,” said a communication sent by the fund house to its investors. Apart from the merging schemes, the fund house also made some minor change
Justice Department announces charges in $500 million senior fraud schemes

Justice Department announces charges in $500 million senior fraud schemes

Finance
The Justice Department announced a broad enforcement sweep targeting financial fraud against the elderly, resulting in charges filed against more than 250 defendants.U.S. Attorney General Jeff Sessions discussed the charges during a press conference in Washington on Thursday.Justice coordinated with other law enforcement agencies, including the FBI, the Federal Trade Commission and state attorneys general, in building the cases.The perpetrators allegedly used mass mailing and telemarketing to rip off seniors, as well as individual incidences of identity theft and financial abuse by guardians."Today's actions send a clear message: We will hold perpetrators of elder fraud schemes accountable wherever they are," said Sessions.The defendants allegedly harmed more than a million victims, most o...