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WinCapita
WinCapita, previously WinClub and GiiClub, was a Finnish Internet-based Ponzi scheme that advertised itself as a private investment club engaged in currency trading. In reality, it was a bucket shop like many other foreign exchange fraud schemes. It operated mainly in Finland, with a smaller number of members also in Sweden. The operation collected about 100 million euros from more than 10,000 investors, probably the largest fraud in Finnish history. In March 2008, the National Bureau of Investigation started investigations of the club. In December 2011, the District Court of Vantaa found the chief suspect Hannu Kailajärvi guilty of aggravated fraud, and sentenced him to four years in prison. In February 2013, the Court of Appeal of Helsinki found him guilty of aggravated fraud and a money collection offence, and increased his prison sentence to five years. The verdict was upheld by the Supreme Court. Scheme The company presented itself as an invitation-only foreign exchange i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pyramid Scheme
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. Pyramid schemes have existed for at least a century in different guises. Some multi-level marketing plans have been classified as pyramid schemes. Concept and basic models In a pyramid scheme, an organization compels individuals who wish to join to make a payment. In exchange, the organization promises its new members a share of the money taken from every additional member that they recruit. The directors of the organization (those at the top of the pyramid) also receive a share of these payments. For the directors, the scheme is potentially lucrative—whether or not they do any work, the organization's membership has a strong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Fraud
Foreign exchange fraud is any trading scheme used to defraud traders by convincing them that they can expect to gain a high profit by trading in the foreign exchange market. Currency trading became a common form of fraud in early 2008, according to Michael Dunn of the U.S. Commodity Futures Trading Commission. The foreign exchange market is at best a zero-sum game, meaning that whatever one trader gains, another loses. However, brokerage commissions and other transaction costs are subtracted from the results of all traders, making foreign exchange a negative-sum game. US Government interventions In August 2008, the CFTC set up a special task force to deal with growing foreign exchange fraud. In January 2010, the CFTC proposed new rules limiting leverage to 10 to 1, based on "a number of improper practices" in the retail foreign exchange market, "among them solicitation fraud, a lack of transparency in the pricing and execution of transactions, unresponsiveness to customer complai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nässjö
Nässjö () is a locality and the seat of Nässjö Municipality, Jönköping County, Sweden with 16,678 inhabitants in 2010. History For many years, Nässjö was a rural village with agriculture as the dominant occupation. The turning point was the construction of the Swedish railway system. The southern main line railway, finished in 1864, passed through Nässjö. Later, other railways were inaugurated, whereby Nässjö, due to its geographical location in the country, became an important junction. A line to Katrineholm was opened in 1874, and that year also the opening of the Oskarshamn line; the one to Halmstad in 1882; to Kalmar in 1914. Today, Nässjö is the only Swedish junction where railways in six different directions meet. As a result, industries moved to Nässjö, and the population increased. The most important industries were wood industries due to the forest covered Småland province area, at a time when it had become possible to factory manufacture the woode ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet
The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a ''internetworking, network of networks'' that consists of private, public, academic, business, and government networks of local to global scope, linked by a broad array of electronic, wireless, and optical networking technologies. The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents and Web application, applications of the World Wide Web (WWW), email, electronic mail, internet telephony, telephony, and file sharing. The origins of the Internet date back to the development of packet switching and research commissioned by the United States Department of Defense in the 1960s to enable time-sharing of computers. The primary precursor network, the ARPANET, initially served as a backbone for interconnection of regional academic and mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supreme Court Of Finland
The Supreme Court of Finland ( fi, korkein oikeus, abbreviated as ''KKO''; sv, högsta domstolen, abbreviated as ''HD''), located in Helsinki, is the court of last resort for cases within the private law of Finland (that is, civil and criminal cases). The Court's counterpart is the Supreme Administrative Court, which is the court of last resort for cases within the administrative law. The Supreme Court consists of a President and at minimum 15, currently 18, other Justices, usually working in five-judge panels. The most important function of the Supreme Court is to rule on important points of law in cases which are significant for the entire legal order, guiding the administering of justice in future cases. Decisions of the Courts of Appeal ( fi, hovioikeudet, sv, hovrätter), as well as certain decisions of the Insurance Court may be appealed against to the Supreme Court, provided that it grants leave to appeal. In the rare criminal cases where a Court of Appeal acts as the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vantaa
Vantaa (; sv, Vanda, ) is a city and municipality in Finland. It is part of the inner core of the Finnish Capital Region along with Helsinki, Espoo, and Kauniainen. With a population of (), Vantaa is the fourth most populated city in Finland after Helsinki, Espoo and Tampere. Its administrative center is the Tikkurila district. Vantaa is bordered by Helsinki, the Finnish capital, to the south; Espoo to the southwest; Nurmijärvi to the northwest; Kerava and Tuusula to the north; and Sipoo to the east. The city encompasses , of which is water. Vantaa's significant attractions include the Vantaa River (''Vantaanjoki''), which flows through the city and flows into the Gulf of Finland. The largest airport in Finland, and the main airport and airline hub of Greater Helsinki, the Helsinki Airport, is located in Vantaa. Companies with headquarters in Vantaa include Finnair, Finavia, R-kioski, Tikkurila Oyj, Veikkaus Oy, and Metsähallitus. The city also hosts a science center, He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Red Notice
An Interpol notice is an international alert circulated by Interpol to communicate information about crimes, criminals, and threats by police in a member state (or an authorised international entity) to their counterparts around the world. The information disseminated via notices concerns individuals wanted for serious crimes, missing persons, unidentified bodies, possible threats, prison escapes, and criminals' ''modus operandi''. There are eight types of notices, seven of which are colour-coded by their function: red, blue, green, yellow, black, orange, and purple. The best-known notice is the ''red notice'' which is the "closest instrument to an international arrest warrant in use today". An eighth ''special notice'' is issued at the request of the United Nations Security Council. Notices published by Interpol are made either on the organisation's own initiative or are based on requests from national central bureaus (NCBs) of member states or authorised international entities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trial In Absentia
Trial in absentia is a criminal proceeding in a court of law in which the person who is subject to it is not physically present at those proceedings. is Latin for "in (the) absence". Its meaning varies by jurisdiction and legal system. In common law legal systems, the phrase is more than a spatial description. In these systems, it suggests a recognition of a violation to a defendant's right to be present in court proceedings in a criminal trial. Conviction in a trial in which a defendant is not present to answer the charges is held to be a violation of natural justice. Specifically, it violates the second principle of natural justice, (hear the other party). In some civil law legal systems, such as that of Italy, is a recognized and accepted defensive strategy. Such trials may require the presence of the defendant's lawyer, depending on the country. Europe Member states of the Council of Europe that are party to the European Convention on Human Rights are bound to adher ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the extremity of Myanmar. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Bangkok is the nation's capital and largest city. Tai peoples migrated from southwestern China to mainland Southeast Asia from the 11th century. Indianised kingdoms such as the Mon, Khmer Empire and Malay states ruled the region, competing with Thai states such as the Kingdoms of Ngoenyang, Sukhothai, Lan Na and Ayutthaya, which also rivalled each other. European contact began in 1511 with a Portuguese diplomatic mission to Ayuttha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of The Interior (Finland)
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The Ministry of the Interior ( fi, sisäministeriö, sv, inrikesministeriet) is one of the Finnish Government's twelve ministries and is responsible for matters related to internal security such as counter-terrorism, policing, fire & rescue services, and border control, as well as migration issues. The ministry is led by the Minister of the Interior, Krista Mikkonen of the Green League. The Ministry of the Interior's budget for 2018 is €1,463,996,000. The ministry employs 190 people. References Government of Finland Interior Interior may refer to: Arts and media * ''Interior'' (Degas) (also known as ''The Rape''), painting by Edgar Degas * ''Interior'' (play), 1895 play by Belgian playwright Maurice Maeterlinck * ''The Interior'' (novel), by Lisa See * Interior de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conspiracy Theory
A conspiracy theory is an explanation for an event or situation that invokes a conspiracy by sinister and powerful groups, often political in motivation, when other explanations are more probable.Additional sources: * * * * The term has a negative connotation, implying that the appeal to a conspiracy is based on prejudice or insufficient evidence. A conspiracy theory is not the same as a conspiracy; instead, it refers to a hypothesized conspiracy with specific characteristics, such as an opposition to the mainstream consensus among those people (such as scientists or historians) who are qualified to evaluate its accuracy. Conspiracy theories resist falsification and are reinforced by circular reasoning: both evidence against the conspiracy and an absence of evidence for it are re-interpreted as evidence of its truth, whereby the conspiracy becomes a matter of faith rather than something that can be proven or disproven. Studies have linked belief in conspiracy theories to di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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