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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.


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Subscribe to this list via RSS Blog posts tagged in Iceland arrests bankers
Wall Street Stunned As Iceland Dares To Jail Banker Involved In 2008 Crash   Submitted by Tyler Durden on 11/20/2014 22:02 -0500 Bond   Creditors   headlines   Iceland   Reuters       inShare3     The impossible is possible. Never say never. Wall Street bankers are staring agog at headlines coming from Europe where, in Iceland, the former chief executive of one of the largest banks in the country which was involved in crashing the economy in 2008 has been sentenced to jail time. As Valuewalk reports, in receiving a one year prison sentence, Sigurjon Arnason officially became the first bank executive to be convicted of manipulating the bank’s stock price and deceiving investors, creditors and the authorities between Sept. 29 and Oct. 3, 2008, as the bank’s fortunes unwound, crashing the economy with it. It appears he was as shocked by the verdict as Wall Street-ers are, "this sentence is a big surprise to me as...
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  • Wayne
    Wayne says #
    well.. he's going to do well in jail...NOT he's got the criminal experience behind him but I'm not sure if he can strike up a dea
  • organza
    organza says #
    Finally the proof that what goes around comes around. As far as I am concerned he should be grateful he will have a free roof ove
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Continue reading Former Kaupthing bosses charged with fraud Business, Finance, Iceland 10:24 am July 13, 2014   The former chief executive and chief financial officers of Kaupthing have been charged with fraud and breach of trust by Iceland’s special prosecutor. According to the indictment, Hreidar Sigurdsson and Gudny Sveinsdottir, the CEO and CFO respectively, have been charged with fraud linked to financial transactions carried out in 2007. Kaupthing Luxembourg’s managing director Magnus Gudmundsson and investor Skuli Thorvaldsson have also been charged for their roles in the alleged crimes. The North Atlantic island’s three biggest banks collapsed in 2008 amid the global financial crisis and the special prosecutor has been pursuing cases against a number of former employees of the three banks for the roles they played in the crisis. The alleged fraud is linked to a 6bn Icelandic kronor transfer from Kaupthing to Marple Holdings, which is owned by Thorvaldsson, and Kaupthing’s...
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Posted by on in From My Window
14 September 2012 Last updated at 10:21 GMTHelp Just four years after Iceland's major banks collapsed and the currency plunged in value, the nation is now being praised by the IMF. The country has seen a return to strong growth and has spared its citizens many of the austerity measures felt elsewhere in Europe. Paul Henley reports. Video: (Note: it may take a few goes to get the video to play) ...
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Posted by on in Bank Collapses
  Iceland Leading the Way   Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation.   Special Prosecutor, Olafur Thor Hauksson told that house searches are taking place in at least three places today as part of investigations into the central bank, MP Bank and Straumur Bank.   Stefan Johann Stefansson at the central bank confirmed that agents were in the building conducting searches; and it has also been confirmed that searches are underway at MP Bank and ALMC (formerly Straumur).   An ALMC spokesman said that the premises are indeed being searched and that the bank’s staff members are doing their best to help. In other news, four people have so far been arrested today in connection with the special prosecutor’s investigation into Landsbanki.   One...
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  • doyla66
    doyla66 says #
    Old news or not, this is great news, STM! It fortifies us to know that we are not alone in our insights and actions. Iceland has
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