No matter how much a financial system is fortified against scams, there is always a fraudster, a conman, or a swindler aiming to game that system. Financial crimes, a la white-collar crimes, are committed, interestingly, by those working closely with the system or those having the innate skill to justify the art through the framework of ‘fraud triangle’, that is in the terms of opportunity, incentive and rationalization. Scams, mainly the pecuniary ones, involve conduct of dishonest practices leading to perversion, depravity and debasement of the entire morals of the social fabric. Financial scandals, like any other scandal, have a story of their own and, of course, the denouement. The truth of the scandals appears to be a drama at times, and at times an enthralling thriller. Vijay Narayan Govind, in his book Fraudster Tales, promises to tell select 10 true stories of financial scams, spread across centuries and continents, and in his own words, “these frauds were significant enough at the time to send major ripples through the systems they challenged, with many of them serving as the catalyst for key legal and regulatory reforms.” The book introduces 10 swindlers, each with their own story of fraud in a separate chapter with a suitable story-title to it. In Govind’s fraudster tales, Hegestratos’s tale emerges as the ‘First Fraudster’, circa 300 BCE, in Athens. He, along with his crime partner Zenosthemis, working as ship merchants, planned to steal the cargos, sink the vessel, and con the vessel’s insurers of shipload of valuable goods through enforcement of the clauses of bottomry and respondentia contracts. However, the plans went awry due to the alert captain and crew members and Hegestratos jumped and drowned himself in the sea. Zenosthemis was arrested, tried and imprisoned in Athens for a long time. The author picks stories, random perhaps, from Athens and other countries, including India. Haridas Mundhra in the tale of ‘The Great Investor’ and Natwarlal in ‘The Master Manipulator’ are the two Indians figuring in the book. The Mundhra scandal, first of its kind in independent India, not only was embroiled with the stock markets and financial institutions but was an expose of the wicked nexus between political party, bureaucracy, ministers and business class, perhaps a prototype of ‘crony capitalism’. The conman Mudhra duped Life Insurance Company (LIC) by forging share certificates, using them as collateral for loans, and amassing huge loans to the tune of Rs 15.60 crore by the mid of 1957. It was Feroz Gandhi, the law maker, who brought this scam to public attention that led to nationalization of LIC, resignation of TT Krishnamachari – then finance minister, indictment of finance secretary and some senior LIC officials, and, of course, sentencing of Haridas Mundhra to 22 years in prison. In the Mithilesh Kumar alias Natwarlal’s case, the story, though intriguing, is simple. From forging signatures and withdrawing money from banks, he graduated to nefarious crimes such as decamping cash from merchants and siphoning off goods from the cargo areas while using more than 50 aliases. Natwarlal even sold, impersonating himself as government official, the Taj Mahal thrice, the Red Fort twice, and the Rashtrapati Bhawan and Parliament once. He had developed this shrewd art of escaping prison, and one heard him saying quite often that ‘no jail is enough to hold me for too long’. Then, there is a story of how an expert William Chaloner counterfeited coins, notes, and lottery tickets, in the 1600s, but finally got caught by Sir Issac Newton, and sent to gallows for he was guilty of multiple currency frauds. Hugh Cameron’s story is about his conspiracy to cheat Royal British Banks and its customers, eventually which led to the Bank’s collapse. However, in due course, it triggered major legislative reforms in the corporate governance systems in Britain. Oscar Hartzell, a brazen rook, in another story, swindled millions of dollars from investors in a popularly known Sir Francis Drake estate scam. Another story, rather smutty and historical, called the ‘necklace scandal’, involves one French noble woman Jeanne de valois as the key conspirator. It became one of the scandals that led to French Revolution. US major Enron bankruptcy, led by Kenneth Lay, and the Ponzi scheme by Charles Ponzi, the two white-collar financial crimes, rocked the financial systems in the US. The 10 tales are fun, and a riveting read and, in the tales, the readers would find themselves in the murky world of scandals. The criminals of the stories have two things in common, one they dreamt of becoming filthy rich in a trice, and when caught they tried to justify that all is done in good faith, and second, all of them are caught and punished, which the author seems to lay down as the moral of the book.AP Sports SummaryBrief at 6:08 p.m. ESTslotvip download 。

UK factories see signs of recovery in output, CBI says

TORONTO — Canada's main stock index rose Wednesday, helped by strength in telecommunication and utility stocks, while U.S. stock markets moved lower. The S&P/TSX composite index closed up 83.16 points at 25,488.30. In New York, the Dow Jones industrial average was down 138.25 points at 44,722.06. The S&P 500 index was down 22.89 points at 5,998.74, while the Nasdaq composite was down 115.10 points at 19,060.48. The Canadian dollar traded for 71.25 cents US compared with 71.01 cents US on Tuesday. The January crude oil contract was down five cents at US$68.72 per barrel and the January natural gas contract was down 27 cents at US$3.20 per mmBTU. The February gold contract was up US$18.50 at US$2,664.80 an ounce and the March copper contract was up two cents at US$4.14 a pound. This report by The Canadian Press was first published Nov. 27, 2024. Companies in this story: (TSX:GSPTSE, TSX:CADUSD) The Canadian PressPetronas Lubricants International (PLI), in partnership with its authorised distributor in Bangladesh United Lube Oil Limited (ULOL), has launched a new type of lubricant called "Petronas Nexta" in local markets. Gan Soon Kiat, head of Southeast Asia Cluster at PLI, the global lubricant manufacturing and marketing arm of Petronas, inaugurated the new product at a city hotel in Dhaka recently. Petronas Nexta, created at PLI's cutting-edge Global Research and Technology Centre in Turin, Italy, blends premium ingredients with cutting-edge formulations to provide the best lubricating benefits at a cost-effective price. This product is made to meet the needs of Bangladeshi consumers by providing high-quality lubricant solutions that are affordable. Petronas Nexta will be available at authorised Petronas dealers, workshops, spare part outlets and retail stores across Bangladesh from now. Kiat highlighted the significance of this launch, saying that Petronas Nexta underscores their dedication to innovation and customer-centric solutions. "Leveraging our Fluid Technology Solutions -- the same expertise that powers champions on the Formula One racetrack -- we've created a product that allows cost-conscious customers to lower car maintenance expenses without compromising quality," he said. "We're confident that Petronas Nexta will strengthen our foothold in the Bangladesh market by appealing to a wider audience," he added. Wayez Mahmud, director of United Lube Oil Limited, said Petronas Nexta is more than just engine oil as it is a comprehensive solution that protects vehicles, enhances engine performance and extends engine life. Petronas Lubricants International (PLI), in partnership with its authorised distributor in Bangladesh United Lube Oil Limited (ULOL), has launched a new type of lubricant called "Petronas Nexta" in local markets. Gan Soon Kiat, head of Southeast Asia Cluster at PLI, the global lubricant manufacturing and marketing arm of Petronas, inaugurated the new product at a city hotel in Dhaka recently. Petronas Nexta, created at PLI's cutting-edge Global Research and Technology Centre in Turin, Italy, blends premium ingredients with cutting-edge formulations to provide the best lubricating benefits at a cost-effective price. This product is made to meet the needs of Bangladeshi consumers by providing high-quality lubricant solutions that are affordable. Petronas Nexta will be available at authorised Petronas dealers, workshops, spare part outlets and retail stores across Bangladesh from now. Kiat highlighted the significance of this launch, saying that Petronas Nexta underscores their dedication to innovation and customer-centric solutions. "Leveraging our Fluid Technology Solutions -- the same expertise that powers champions on the Formula One racetrack -- we've created a product that allows cost-conscious customers to lower car maintenance expenses without compromising quality," he said. "We're confident that Petronas Nexta will strengthen our foothold in the Bangladesh market by appealing to a wider audience," he added. Wayez Mahmud, director of United Lube Oil Limited, said Petronas Nexta is more than just engine oil as it is a comprehensive solution that protects vehicles, enhances engine performance and extends engine life.

Are affordable housing mandates constitutional? Lawmakers respond to the affordability crisis nationwideToday inour Daily Dose of Social Media , we review the most significant activities and Entertainment from ATP and WTA players. Novak Djokovic stole the spotlightupon his arrival in Argentina with a warm reception from Juan Martin Del Potroand an unexpected appearance at the Copa Libertadores trophy presentation. While thedoping saga involving Iga Swiatek and Jannik Sinner continues, Russian Hall ofFamer Kafelnikov shared his thoughts on the influence these cases have onjuniors, while Nick Kyrgios backed the former French Open champion in a newcriticism of the multi-Grand Slam champions. Djokovicwelcomed by Del Potro, surprises with trophy presentation at CopaLibertadores final NovakDjokovic continues his busy off-season schedule and was warmly welcomed byformer US Open champion Juan Martín del Potro upon arriving in Buenos Aires,Argentina. The Serbian star and the Argentine shared a heartfelt embrace asDjokovic stepped off the plane. The World No. 7 later attended a special SouthAmerican football event, presenting the Copa Libertadores trophy ahead of thefinal match between Atlético Mineiro and Botafogo at River Plate's EstadioMonumental. A dayearlier, the 24-time Grand Slam champion was in Qatar with Ferrari’s Formula 1team, quickly traveling to Argentina for Del Potro’s farewell exhibition matchset for December 1. However, his surprise appearance at the international clubtournament final stole the show, with Djokovic receiving a roaring ovation ashe carried the trophy during the opening ceremony. Thehead-to-head record between the two legends stands at 16-4 in favour ofDjokovic, with their last meeting taking place at the Rome Masters, whereDjokovic edged out Del Potro in a tight match, 4-6, 7-6(6), 6-4, on his way tothe final. Del Potro embracing Djokovic as Novak arrives in Argentina for Delpo’s farewell exhibition match pic.twitter.com/cf1mo2d8rj Novak Djokovic makes an appearance at Conmebol Libertadores. He’s everywhere this off-season. pic.twitter.com/Oo8iONKl2A BarboraKrejcikova stuns in fuchsia at Czech music awards event BarboraKrejcikova made an appearance at a Czech music awards event during her returnto the country. The 2-time Grand Slam champion was welcomed like a star topresent one of the awards at the Český slavík ("Czech Nightingale")poll, which honours the most popular performers based on audience reception oftheir songs and music videos. This year,Krejcikova was one of the guests of honour at the ceremony for the traditionalpopular music poll held at the Forum Karlín. The 2024 Wimbledon championpresented the evening's first award, the Bronze Nightingale, to singer MonikaAbsolonová. The 28-year-old tennis player later shared photos of her elegantfuchsia outfit. Krejcikovahad a rollercoaster season, enduring a tough first half of the year withseveral early exits and barely staying in the top 30 for months. However, herWimbledon title gave her a significant boost, and she finished the seasonstrong by reaching the semifinals of the WTA Finals. This included victoriesover Jessica Pegula and Coco Gauff in the round-robin stage, ultimatelysecuring her year-end World No. 10 ranking. ✨ pic.twitter.com/zHB5cujF0C Bára Krejčíková včera předala bronzového slavíka zpěvačce Monice Absolonové. pic.twitter.com/9Ql48g4U7q Kafelnikovwarns of doping's influence on juniors as Kyrgios joins the debate NickKyrgios weighs in again on the doping cases of his peers Iga Swiatek and JannikSinner after sharing a post from former French Open champion YevgenyKafelnikov. The Russian ex-tennis player expressed particular concern about thepotential impact these cases might have on junior players, who see two oftoday’s most prominent athletes involved in doping controversies. “And thesad part to all of this is that young and upcoming players (12-16 years old)look at their idols and think maybe it’s normal to use steroids in the futureand get away with this ‍♂️! Current players setting bad examples foryoung generations,” Kafelnikov wrote. TheAustralian player responded to the post with a brief “Yup,” expressing hisagreement with Kafelnikov. The 2022 Australian Open doubles champion has beenone of Sinner’s most vocal critics in recent months, and Swiatek’s case didn’tgo unnoticed. Just days earlier, Kyrgios tweeted: “The excuse that we can alluse is that we didn’t know. Simply didn’t know. Professionals at the highestlevel of sport can now just say, ‘we didn’t know.’” Yup https://t.co/z9MCgCPH2N Kostyukrobbed in Milan but shares heartfelt message MartaKostyuk is visiting Milan during her off-season but suffered an unfortunateincident after being the victim of a robbery in the Italian city. The UkrainianWorld No. 18 revealed that her car was broken into while she was traveling withher husband, George Kyzymenko. "YesterdayI was robbed for the first time in my life (hopefully, the last). But it taughtme way more than it took," she posted on Instagram. "I attended twoamazing concerts with my team, met my favourite artist, and experienced so manyemotions that nobody will ever be able to take away from me. We are moving on.Thank you everyone for the messages, we are safe ❤️." Una publicación compartida de Marta Kostyuk / Марта Костюк (@martakostyuk) Tsitsipas stunnedby horse named after him in racing victory StefanosTsitsipas was surprised on social media after realizing that a horse is named"Tsitsipas in his honor." The Greek tennis player shared a post from"Racing.com," a website specialized in horse racing, showing thevictory of "Tsitsipas" in the Busuttin Racing, alongside Australianjockey Craig Newitt, who won. The worldNo. 11 had a mixed season, where although he won his third Monte-Carlo Masters,he finished the season outside the top 10, after five consecutive years offinishing in the top 6. Tsitsipas also made notable appearances this year as arunner-up at the Barcelona Open and a semifinalist at the ATP 250 Los CabosOpen and Gstaad. The26-year-old player shared on social media his impression of the winning horsenamed after him: “Is this horse actually named after me?! ”he posted, generating reactions from his fans. Is this horse actually named after me?! https://t.co/AcdDMSfijP This article first appeared on TennisUpToDate.com and was syndicated with permission.

Today inour Daily Dose of Social Media , we review the most significant activities and Entertainment from ATP and WTA players. Novak Djokovic stole the spotlightupon his arrival in Argentina with a warm reception from Juan Martin Del Potroand an unexpected appearance at the Copa Libertadores trophy presentation. While thedoping saga involving Iga Swiatek and Jannik Sinner continues, Russian Hall ofFamer Kafelnikov shared his thoughts on the influence these cases have onjuniors, while Nick Kyrgios backed the former French Open champion in a newcriticism of the multi-Grand Slam champions. Djokovicwelcomed by Del Potro, surprises with trophy presentation at CopaLibertadores final NovakDjokovic continues his busy off-season schedule and was warmly welcomed byformer US Open champion Juan Martín del Potro upon arriving in Buenos Aires,Argentina. The Serbian star and the Argentine shared a heartfelt embrace asDjokovic stepped off the plane. The World No. 7 later attended a special SouthAmerican football event, presenting the Copa Libertadores trophy ahead of thefinal match between Atlético Mineiro and Botafogo at River Plate's EstadioMonumental. A dayearlier, the 24-time Grand Slam champion was in Qatar with Ferrari’s Formula 1team, quickly traveling to Argentina for Del Potro’s farewell exhibition matchset for December 1. However, his surprise appearance at the international clubtournament final stole the show, with Djokovic receiving a roaring ovation ashe carried the trophy during the opening ceremony. Thehead-to-head record between the two legends stands at 16-4 in favour ofDjokovic, with their last meeting taking place at the Rome Masters, whereDjokovic edged out Del Potro in a tight match, 4-6, 7-6(6), 6-4, on his way tothe final. Del Potro embracing Djokovic as Novak arrives in Argentina for Delpo’s farewell exhibition match pic.twitter.com/cf1mo2d8rj Novak Djokovic makes an appearance at Conmebol Libertadores. He’s everywhere this off-season. pic.twitter.com/Oo8iONKl2A BarboraKrejcikova stuns in fuchsia at Czech music awards event BarboraKrejcikova made an appearance at a Czech music awards event during her returnto the country. The 2-time Grand Slam champion was welcomed like a star topresent one of the awards at the Český slavík ("Czech Nightingale")poll, which honours the most popular performers based on audience reception oftheir songs and music videos. This year,Krejcikova was one of the guests of honour at the ceremony for the traditionalpopular music poll held at the Forum Karlín. The 2024 Wimbledon championpresented the evening's first award, the Bronze Nightingale, to singer MonikaAbsolonová. The 28-year-old tennis player later shared photos of her elegantfuchsia outfit. Krejcikovahad a rollercoaster season, enduring a tough first half of the year withseveral early exits and barely staying in the top 30 for months. However, herWimbledon title gave her a significant boost, and she finished the seasonstrong by reaching the semifinals of the WTA Finals. This included victoriesover Jessica Pegula and Coco Gauff in the round-robin stage, ultimatelysecuring her year-end World No. 10 ranking. ✨ pic.twitter.com/zHB5cujF0C Bára Krejčíková včera předala bronzového slavíka zpěvačce Monice Absolonové. pic.twitter.com/9Ql48g4U7q Kafelnikovwarns of doping's influence on juniors as Kyrgios joins the debate NickKyrgios weighs in again on the doping cases of his peers Iga Swiatek and JannikSinner after sharing a post from former French Open champion YevgenyKafelnikov. The Russian ex-tennis player expressed particular concern about thepotential impact these cases might have on junior players, who see two oftoday’s most prominent athletes involved in doping controversies. “And thesad part to all of this is that young and upcoming players (12-16 years old)look at their idols and think maybe it’s normal to use steroids in the futureand get away with this ‍♂️! Current players setting bad examples foryoung generations,” Kafelnikov wrote. TheAustralian player responded to the post with a brief “Yup,” expressing hisagreement with Kafelnikov. The 2022 Australian Open doubles champion has beenone of Sinner’s most vocal critics in recent months, and Swiatek’s case didn’tgo unnoticed. Just days earlier, Kyrgios tweeted: “The excuse that we can alluse is that we didn’t know. Simply didn’t know. Professionals at the highestlevel of sport can now just say, ‘we didn’t know.’” Yup https://t.co/z9MCgCPH2N Kostyukrobbed in Milan but shares heartfelt message MartaKostyuk is visiting Milan during her off-season but suffered an unfortunateincident after being the victim of a robbery in the Italian city. The UkrainianWorld No. 18 revealed that her car was broken into while she was traveling withher husband, George Kyzymenko. "YesterdayI was robbed for the first time in my life (hopefully, the last). But it taughtme way more than it took," she posted on Instagram. "I attended twoamazing concerts with my team, met my favourite artist, and experienced so manyemotions that nobody will ever be able to take away from me. We are moving on.Thank you everyone for the messages, we are safe ❤️." Una publicación compartida de Marta Kostyuk / Марта Костюк (@martakostyuk) Tsitsipas stunnedby horse named after him in racing victory StefanosTsitsipas was surprised on social media after realizing that a horse is named"Tsitsipas in his honor." The Greek tennis player shared a post from"Racing.com," a website specialized in horse racing, showing thevictory of "Tsitsipas" in the Busuttin Racing, alongside Australianjockey Craig Newitt, who won. The worldNo. 11 had a mixed season, where although he won his third Monte-Carlo Masters,he finished the season outside the top 10, after five consecutive years offinishing in the top 6. Tsitsipas also made notable appearances this year as arunner-up at the Barcelona Open and a semifinalist at the ATP 250 Los CabosOpen and Gstaad. The26-year-old player shared on social media his impression of the winning horsenamed after him: “Is this horse actually named after me?! ”he posted, generating reactions from his fans. Is this horse actually named after me?! https://t.co/AcdDMSfijP This article first appeared on TennisUpToDate.com and was syndicated with permission.AS we approach the end of another year, many of us are left reflecting on the goals we set and the progress we've made. The reality, however, is that life rarely unfolds according to our plans, especially when it comes to personal finance. Perhaps you started the year with ambitious goals — to save more, invest in your future or finally pay off those lingering debts. Yet, as 2024 draws to a close, you might be feeling a mix of pride in what you've achieved and disappointment in what remains unfinished. But here's the truth: there's still time to turn things around, and more importantly, there's time to end the year feeling strong, proud and financially secure. Register to read this story and more for free . Signing up for an account helps us improve your browsing experience. OR See our subscription options.Murray State beats Loyola Chicago 71-68 for 7th place at the Diamond Head Classic