Category: ioxcznki

 

China to appeal WTO tyre ruling

first_img China to appeal WTO tyre ruling Show Comments ▼ China plans to appeal a World Trade Organization ruling that the US was entitled to impose extra safeguard duties on Chinese tyres, the Ministry of Commerce said yesterday. China’s Ministry of Commerce said in a statement on its website that it was “deeply concerned” about negative consequences from the Monday ruling and condemned the US safeguard measures.“The US safeguard measures adopted toward Chinese tyres are trade protectionism intended to shift domestic political pressure. They are not in line with WTO rules and have been widely criticised,” it said. President Barack Obama imposed the 35 pe rcent duties on Chinese tyres in September 2009. whatsapp KCS-content whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Share Tuesday 14 December 2010 8:59 pm Tags: NULLlast_img read more

 

ESportsCentral expands into gambling affiliate partnerships

first_img Topics: Casino & games Esports Marketing & affiliates Sports betting Video gaming 11th June 2020 | By contenteditor Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Alternative media business Media Central Corporation has entered a number of affiliate marketing partnerships with esports gambling websites as part of an effort to further monetise its new ECentralSports digital media platform.The arrangements will see ECentralSports add gambling to its content offering, with a dedicated gambling stream to link to several operators including Loot.Bet, ArchaneBet, and BeWinner.The stream will focus on Counter Stike: Global Offensive (CS:GO), League of Legends and Dota 2, which ECentralSports noted account for 85% of esports betting activity.Launched earlier this month, ECentralSports provides users with access to news, gaming coverage, analysis, events and lifestyle features, all focused on the esports sector.“We are working on creating content to help our readers find the online betting platform that works best for them,” ECentralSports editor John Lucas said. “This adds to our overall content offering and positions ECentralSports as a go-to hub for all things esports.”Media Central chief executive Brian Kalish added: “The fact that we have just launched ECentralSports mere weeks ago and have already introduced affiliate marketing to monetize the site proves how committed we are to creating a profitable and modern media company that delivers value to shareholders.“Affiliate marketing has already proven to drive revenue and ROI across our other platforms, and we look forward to similar results with ECentralSports.”center_img ESportsCentral expands into gambling affiliate partnerships Alternative media business Media Central Corporation has entered a number of affiliate marketing partnerships with esports gambling websites as part of an effort to further monetise its new ECentralSports digital media platform. Email Address Tags: Video Gaminglast_img read more

 

Retirement saving: My 3 tips to beat the State Pension

first_img Rupert Hargreaves owns no share mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Enter Your Email Address “This Stock Could Be Like Buying Amazon in 1997” Retirement saving: My 3 tips to beat the State Pension Simply click below to discover how you can take advantage of this. Our 6 ‘Best Buys Now’ Shares I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images center_img See all posts by Rupert Hargreaves Rupert Hargreaves | Sunday, 12th January, 2020 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Retirees qualifying for the State Pension are currently entitled to an annual income of less than £9,000 a year. According to figures from the Department of Work and Pensions, less than half of retirees qualify for the full amount.What’s more, over the next decade the State Pension age is set to rise to 67 for both men and women, up from the current level of 65.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…These numbers suggest that retirees could face a financial shock when they decide to quit the rat race. They might need to work longer to make up for the shortfall.As such, now could be a great time to build your own savings nest egg and start planning your retirement finances. With that in mind, here are three strategies you could use to beat the state pension.Tax boostOne of the best tools pension savers have available to them today is the Self-Invested Personal Pension (SIPP).Cost-effective and simple to set up, a SIPP provides tax relief at your marginal tax rate to any money you contribute. This means 20% for basic taxpayers. A boost of 20% on your contributions can have a significant impact on your retirement finances over the long term, which means SIPPs should be a crucial part of any retirement plan.Invest in stocksIf you are serious about building a sizeable pot of savings for retirement, you should be investing your money. You don’t need to follow a complicated investment strategy to make the most of the stock market’s wealth-creating powers.Over the past few decades, the FTSE 100 has produced a total annual return of 9%, and the FTSE 250 has returned around 12% per annum. All you need to do to copy these returns is to buy a low-cost passive index tracker fund and leave the rest to the fund managers.Double-digit annual returns are enough to turn even a small monthly contribution into a sizeable nest egg over the long term. Someone aged 40 who invests £200 a month into the FTSE 100 could accumulate a pension pot worth £200,000 by the age of 65. That is excluding any tax reliefs a saver might pick up along the way.Take a long-term approachIt is possible to build a large pension by saving regularly and investing in the stock market. However, you need to take a long-term view of the market to get the most out of your investments.In the short term, it is difficult to tell where the market will go. There’s about a 50/50 chance of the market being up or down every day. Over the long term, the market’s direction becomes easier to predict.For the past 120 years, it has returned around 5% per annum after inflation. This shows that if you are serious about beating the State Pension, taking a long-term view of things is essential.last_img read more

 

How investing just £1 per day in FTSE 100 stocks can help you beat the State Pension

first_img “This Stock Could Be Like Buying Amazon in 1997” See all posts by Peter Stephens Peter Stephens | Saturday, 15th February, 2020 Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. How investing just £1 per day in FTSE 100 stocks can help you beat the State Pension Investing in the FTSE 100 may seem to only be worth doing if you have a large amount of capital. However, that’s not necessarily the case. Even investing £1 per day can lead to a sizeable retirement nest egg which provides a worthwhile passive income in older age.As such, with it being cheaper and more cost-effective than ever to buy FTSE 100 shares, now could be the right time to start planning for your retirement in an era where a rising State Pension age is likely to become the norm.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…CompoundingThe FTSE 100’s growth rate may have stalled over the past few years, but it has a long and robust track record of delivering impressive returns. In fact, since it was first started in January 1984, the index has returned 9% per annum when dividends are reinvested. Over the long run, this could turn even modest sums of capital into surprisingly large amounts.For example, investing £365 per year (or £1 per day) could produce a nest egg valued at around £191,000 during a 45-year working lifetime. From this, you could obtain an annual income of almost £8,500 due to the FTSE 100 offering a dividend yield of 4.4%.Certainly, the more you’re able to invest and the more time you have available for compounding to catalyse your returns, the larger your eventual nest egg is likely to be. However, the example serves to show that investing even modest amounts of capital, which are likely to be achievable for the vast majority of people, could be a worthwhile means of planning for retirement.Investment opportunitiesPerhaps the simplest and most efficient means of investing in FTSE 100 shares is through a Stocks and Shares ISA. It can be opened online in a matter of minutes, and its administration fee is often affordable for the vast majority of investors.For individuals with modest amounts of capital available to invest, focusing on a FTSE 100 index tracker fund could be a sound move. It provides a high degree of diversification as well as the opportunity to capture a very similar return to that of the wider index. Tracker funds are also cheap to buy and own, in most cases, and will therefore not eat into your overall returns to a large degree.After a period of time, you may wish to start buying individual shares. They could provide the opportunity to outperform the wider FTSE 100 and may enable you to obtain a larger portfolio value from which to draw a passive income in older age.Clearly, diversifying across a range of shares is imperative to reduce overall risk. With the index appearing to offer numerous stocks that have growth potential and which are trading at a reasonable price, now could be the right time to start buying FTSE 100 stocks to improve your prospects of enjoying financial freedom in older age.center_img Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Peter Stephens has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.last_img read more

 

The FTSE 100 is falling! Here’s what I’d do now

first_img Image source: Getty Images See all posts by Harvey Jones The FTSE 100 is falling! Here’s what I’d do now It has been a bad day for the FTSE 100, which has fallen almost 4% this morning. You may have seen headlines warning that an incredible £70bn has been wiped off UK share prices, which sounds like a mind-boggling sum. So how do you respond, aside from selling up and heading for the hills?The first thing to say is probably the most obvious one. Don’t panic. This is the kind of thing the stock market does. That’s because it reflects human anxieties, right back at us. Today people are worried, and the market has fallen. Tomorrow could be different.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…As a private investor, the worst thing you could do is sell up every time there is a setback like this, because that guarantees to turn your paper losses into real ones.Time is on your sideTiming the market is all but impossible. In my early days of investing, I used to try second-guessing share price movements and got it wrong again and again. Now I simply buy shares and funds with the aim of holding them for the longer run.Most of us are investing to build long-term wealth, say, for retirement. This means putting money away over 20, 30, 40 years or more, and over such a period, today’s drop won’t even register as a blip.The other danger with selling up is that you then face the decision of when to buy back into the market. Typically, you will not summon enough courage until after markets have started to recover, which means you could even re-enter at a higher price than you sold.Plus you will have missed out on all the juicy dividends you would have generated during your time out of the market. Those dividends would have been particularly valuable, because if you automatically reinvested them, they would pick up more stock at the cheaper, bargain price.Some will be taking the opposite view, and rather than selling up, they will be looking to take advantage of the drop by purchasing shares. There are plenty of apparent bargains out there, particularly in the travel sector, with budget carrier easyJet down 15% at time of writing, travel operator TUI and British Airways parent firm International Consolidated Airlines Group both down around 8.5%, and cruise operator Carnival down 6%.Play the long gameI have more sympathy with this approach. Who doesn’t like a bargain? It is worth building up a watchlist of top FTSE 100 or FTSE 250 stocks that you like and admire, then buying them during a short-term stock-market blow off. I’d favour companies with loyal customers, growing revenues, healthy cash flows, good management, and with a strong position in a growing sector.The danger is your stock picks will have even further to fall, but that’s the risk you take. Nobody will ever time the exact top or bottom of the market.Whichever stocks you choose, aim to hold onto them for the long term, rather than trying to make a quick profit on short-term volatility. Investing is a long game. Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Harvey Jones | Monday, 24th February, 2020 | More on: VOD last_img read more

 

New chairman of ICFM

New chairman of ICFM Tagged with: Institute of Fundraising Recruitment / people Save the Children Smee & Ford Advertisement Howard Lake | 10 July 2000 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  81 total views,  1 views today John Kingston has been appointed as new Chairman of ICFM. He takes over from David Ford.John Kingston has been a Director of Save the Children Fund since 1990, and is Chair of the Giving With Confidence project, a joint initiative between ICFM, NCVO and CAF. He has an MBA from Manchester Business School, worked as a VSO volunteer in Trinidad, and also worked for 3i Group.  82 total views,  2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. read more

 

RNLI’s early experiences of Bitcoin donations

first_img Howard Lake | 11 September 2014 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Tagged with: Bitcoin Digital Finance RNLI 3. How do you expect to receive Bitcoin donations?We’re accepting them using a wallet. This allows people to make entirely anonymous donations if they wish to, as most have, and are one-off gifts.4. Are you in touch with other UK (or overseas) charities accepting Bitcoin?I’ve already spoken to three other large UK charities who had been considering accepting donations in Bitcoin. All of them were aware of Bitcoin and were at varying stages in evaluating if it was right for their supporters.5. Has the announcement bought you anything more than good PR? Actual donations! We’ve reached some new supporters and built some stronger knowledge-sharing relationships with other UK charities.I think it’s also been really good to make some people think about how a 190 year old charity can also be innovative and forward thinking, as well as having a strong heritage in saving lives at sea.  112 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis In July this year the RNLI announced that it was the first UK charity to accept donations in digital currency Bitcoin. One month on, UK Fundraising asked about their early results and experiences.We spoke to Luke Williams, Social Media Innovation Officer and Bitcoin Project Lead for the RNLI.1. Why did RNLI decide to test acceptance of Bitcoin now?The idea came from our own research into future trends and changes that may impact the RNLI. Basically, it looked likely that we would receive digital currency as a donation and/or as part of a legacy at some point and we wanted to be prepared for that eventuality. While researching we also became aware that using Bitcoin could expose the RNLI to new audiences.2. Have you received Bitcoin donations or legacy pledges?There have been over 140 donations, the largest being two separate donations of about £300 each. The average Bitcoin donation we receive at the moment is around £10.  No legacy pledges that I’m aware of, although we have had enquiries from supporters about using Bitcoin to pay for membership and buy things in our online shop – features that we don’t provide at the moment, but that we may look into providing in the future.We have converted most of the donations so far – £1,300 – into sterling using a UK based exchange. Advertisement RNLI’s early experiences of Bitcoin donations Image: Bitcoin logo by Mom91 on Shutterstock.com AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img read more

 

Blogger gets jail time for misusing information technology

first_img Help by sharing this information Reporters Without Borders is outraged by the 30-month jail sentence that a Bahraini court passed on the blogger Ali Maaraj on 8 April on charges of “insulting the king” and “improper handling of information technology”.RWB condemns these absurd charges and demands his immediate release and the quashing of his sentence. The Bahraini authorities have yet again demonstrated their contempt for freedom of information and their mistrust of publication tools.The police arrested Maaraj at his home on 7 January, seizing his computer. His brother was simultaneously arrested at his workplace. He was released six weeks later.Maaraj posted articles critical of Bahrain’s monarchy on the Luluwa Awel blog. He also posted reports and other information about Bahrain’s anti-government demonstrations.The prosecutor said “he intentionally caused trouble to other people as a result of improper handling of information technology.” He was given six months in prison for this, plus two years for “insulting the king”. No defence witnesses were allowed to testify at the trial, which was took just three hearings to complete, despite the severity of the sentence.The Bahraini authorities often target news providers and human rights defenders. The 26-year-old photographer Ahmed Humaidan was sentenced to 10 years in prison on 26 March for allegedly taking part in “an attack on a police station in Sitra” in April 2012 although he was at the scene just to photograph the use of violence by the security forces.Bahrain is ranked 163rd out of 180 countries in the 2014 Reporters Without Borders press freedom index. It is also on the Reporters Without Borders list of “Enemies of the Internet”. News Follow the news on Bahrain Receive email alerts BahrainMiddle East – North Africa RSF_en Organisation March 17, 2021 Find out more News April 11, 2014 – Updated on January 20, 2016 Blogger gets jail time for misusing information technologycenter_img BahrainMiddle East – North Africa Tenth anniversary of Bahraini blogger’s arrest News to go further News German spyware company FinFisher searched by public prosecutors October 14, 2020 Find out more Coronavirus “information heroes” – journalism that saves lives June 15, 2020 Find out morelast_img read more

 

If It’s a Buyer’s Market, Do the Homebuyers Know?

first_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. After February’s transition from a seller’s market to a buyer’s market, many potential homebuyers agree that now is a good time to buy. According to survey data from the National Association of Realtors (NAR), 37 percent of buyers stated that they strongly believe now is a good time to buy, up from 34 percent in Q4 2018 but down from 38 percent one year ago.The Q1 2019 NAR Housing Opportunities and Market Experience survey found that just 35 percent of respondents said that now is not a good time to buy a home, compared to 37 percent in Q4 2018. Over half, 53 percent, of respondents believe that the economy is improving, a slight year over year decline from last year’s 59 percent.NAR Chief Economist Lawrence Yun noted what is driving this optimism.”First, inventory has been rising, so those buyers interested in making a purchase will not be limited in choices,” Yun stated. “Additionally, more stable home price trends are leading to more foot traffic at various open house gatherings.”According to Yun, those who live in the Northeast and South, those who earn $50,000 to $100,000, or those who rent are the most likely to believe home prices are due to increase in their communities.A high percentage of the Western population believes that prices increased in the past year, while – possibly for the same reason – a higher segment from the West compared to other regions say prices could fall in the next 12 months,” Yun said. “As to the broader economy, the perception is weaker and showing cracks in the Midwest.”Additionally, Yun and NAR note that, despite some misconceptions, mortgage affordability in Q1 2019 has been more favorable for would-be homebuyers than it has been in recent quarters, citing the Fed’s decision to delay a rate hike.“The Federal Reserve’s decision to refrain from any foreseeable rate hikes was beneficial to potential buyers,” Yun said. “That move directly contributed to mortgage rates declining in quarter one, which provided a second-chance opportunity to those looking to buy who were priced out last quarter.” About Author: Seth Welborn Demand Propels Home Prices Upward 2 days ago March 26, 2019 1,149 Views Subscribe  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Buyer’s Market Buyers Homebuyers NAR Prices sellers 2019-03-26 Seth Welborn Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago If It’s a Buyer’s Market, Do the Homebuyers Know?center_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / If It’s a Buyer’s Market, Do the Homebuyers Know? Tagged with: Buyer’s Market Buyers Homebuyers NAR Prices sellers The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Building Better Disaster Relief for Homeowners Next: The Fundamentals of Freddie Mac Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Market Studies, News Sign up for DS News Daily Related Articleslast_img read more

 

Three men tried to extort $80,000 in ‘grandparents scam,’ police say

first_imgPalm Beach County Sheriff’s Office(NEW YORK) — Police arrested three men who allegedly tried to extort $80,000 from an elderly man in a so-called grandparents scam.The suspects, identified as Leevansky Lambert and Eghosasere Auboraye, of Florida, and Keon Smith, of Maryland, were arrested on Saturday for allegedly targeting elderly people in what authorities are calling a “grandparents scam,” according to the Palm Beach County Sheriff’s Office.The men allegedly scammed 78-year-old Norman Geller, of New York, by pretending to be his grandson “Austin,” whom they claimed was in a car accident and in need of money.Police said one of the men contacted the victim via phone last Tuesday, claiming to be Austin’s attorney and instructed the victim to send $9,800 via FedEx to a Florida address to bail out his grandson, according to an arrest warrant.“Geller received another phone call which he was informed that one of the passengers in the vehicle were pressing charges and they needed more money,” according to the warrant.Geller said he received another call and was told to send an additional $18,000 via FedEx to another Florida address, according to the warrant. He was contacted two more times and asked to send $30,200 and $22,000 to other Florida addresses, the warrant said.“Geller received another phone call which he was informed that one of the passengers in the vehicle were pressing charges and they needed more money,” the warrant said. “Geller was told that he needed to send $32,000 or else Austin would have a warrant out for his arrest.”The victim said he sent a total of $80,000 in four separate FedEx shipments. Police managed to recover some of the money.Investigators with the Palm Beach County Sheriff’s Office said they caught the suspects by staking out one of the delivery addresses.Lambert, 22, Auboraye, 24, and Smith, 24, were charged with grand theft over $20,000, burglary of a dwelling and conspiracy to commit extortion. It’s unclear if they’ve obtained attorneys. Copyright © 2019, ABC Radio. All rights reservedlast_img read more