Author: Lucas Peterson
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Interpol Scam: A Youtuber Avenges German Victims Of Online Fraud!
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The Interpol scam caused damage in Germany and Austria. The fact that suspected backers were caught in India is not only thanks to the police. Threatening-sounding calls caused unrest throughout Germany last year: “Good afternoon, this is Interpol,” is heard on the taped announcement in English, which criminals played to…
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Linx4: Fresh Million Investment For The Austrian FinTech!
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They started with pay-per-use financing for industrial machinery and equipment in 2018 and reached a turnover of 2.5 million euros in 2022. CCAP, a BaFin-registered investment and consulting company, is coming on board as a new investor with a seven-figure sum in the Austrian startup linx4.
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Bulgarian Crypto Scheme Nexo Under Investigation in Over Alleged Money Laundering!
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Amid the official announcement that the Bulgarian crypto lender is under investigation, Nexo insists that it has followed AML and KYC rules. Crypto lender Nexo has become the subject of a large-scale investigation in Bulgaria as prosecutors probe possible money laundering, tax violations, computer fraud, and other crimes.
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Impressive! Five Million Dollars For An U.S. Whistleblower!
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The U.S. Securities and Exchange Commission (SEC) announced an award of more than $5 million to a whistleblower whose information led to a successful SEC enforcement action. The whistleblower provided a tip and additional information that helped SEC staff shape its investigative strategy, identify witnesses, and draft documents and information…
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A German Fintech Deal! Dock Financial Swallows Compeon!
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The two companies work in different fields. And yet they are a good fit because they have similar target groups. Compeon is the German market leader in digital loans for small and medium-sized enterprises. According to a media report by Finance Forward, Munich-based banking-as-a-service platform Dock Financial is acquiring the…
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Troubled German Real-Estate Group Adler Is Without An Auditor!
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The crisis-ridden real estate company is used to bad news. But being unable to find an auditor despite a court order is an unusually severe setback even for Adler. The auditing company KPMG refuses to audit the balance sheet of the Adler subsidiary Adler Real Estate for the year 2022.…
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Millions Of Likes Didn’t Help: Teen FinTech Ruuky Files For Bankruptcy!
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Banking for the Tiktok generation – that’s how the founders of Ruuky hoped to find a place next to N26. But now the fintech is facing bankruptcy despite its 250,000 users and more than 230.000 TitTok followers. Through the insolvency proceedings, the company now wants to preserve the jobs of…
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SEC Charges Former McDonald’s CEO With Making False Statements About His Firing!
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The U.S. Securities and Exchange Commission (SEC) charged Stephen J. Easterbrook, the former CEO of McDonald’s Corporation, with making false and misleading statements to investors about the circumstances surrounding his November 2019 dismissal. McDonald’s was also charged with deficiencies in its public disclosure of Easterbrook’s separation agreement.
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OpenAI: The Company Behind ChatGPT And Dall-E Is Valued At Over $29 Billion!
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OpenAI will be one of the most valuable U.S. startups on paper if the acquisition goes through. According to the Wall Street Journal, American tech company OpenAI is negotiating to sell shares in a takeover bid. In the process, the company is valued at around $29 billion. OpenAI is behind…
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Alibaba Shares Ultimately Rise By Double Digits: Ant Progresses In Discussions With Chinese Supervisors!
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The Chinese technology company Ant Group of billionaire Jack Ma is progressing in resolving its regulatory issues with the Chinese Banking and Insurance Regulatory Commission. The regulator allowed the group to increase the capital of its consumer finance subsidiary by 10.5 billion yuan (about €1.4 billion) shortly before the turn…