Hints and tips:
...With crypto exchange FTX short $8bn and hurtling towards bankruptcy, please take a moment to survey the task that might be awaiting liquidators and law enforcement agencies....
...I revealed that liquidators are searching for $43mn in missing funds, and at least one sitting member of Gibraltar’s parliament was an investor. Read my scoop here....
...Shares of Lumber Liquidators, which were halted earlier on Tuesday, were down 1.8 per cent at $11.24....
...In 2016, Lumber Liquidators, a US company, agreed to pay $13m in penalties for importing Chinese-made flooring linked to illegal logging in Russia....
...The Cayman Islands, where Abraaj entities are incorporated, have already received two separate petitions from unsecured creditors, calling to wind up Abraaj’s asset management arm and its holding company...
...Pifss last month filed an initial petition to wind down Cayman-incorporated Abraaj, the region’s largest private equity company, for non-payment of a $100m loan....
...In the wake of that report, Lumber Liquidators has faced investigations from the US Department of Justice, Securities and Exchange Commission and private lawsuits from customers....
...These have included cases brought by liquidators or creditors of Fairfield Sentry, a feeder fund for Bernard Madoff’s operation, as well as businesses connected to convicted Texas fraudster Allen Stanford...
...Last year Lumber Liquidators, a US group, agreed to pay $13m in penalties for importing Chinese-made flooring linked to illegal logging in Russia....
...First, Apax’s UK subsidiary was forcibly wound up in January 2010 and then KPMG was appointed as the liquidator in March....
...Lumber Liquidators shares also climbed after the company said it reached a settlement with a California regulator relating to sales of certain laminate flooring....
...Shares of Lumber Liquidators declined as much as 3 per cent after the company terminated the employment of its chief merchandising officer, William Schlegel....
...– Sacramento pension fund goes Lumber Liquidators. – Bear shits on the woods. According to the Journal’s anonymous sources, the biggest problem has been low returns....
...Shares of Lumber Liquidators fell 17 per cent to $21.10 after the flooring company said its chief executive Robert Lynch unexpectedly resigned....
...Last month, US wood supplier Lumber Liquidators paid a record $13m in fines and other charges after it imported wood-flooring from China that used illegally logged timber from Russia’s Far East, the habitat...
...Lumber Liquidators gained 12 per cent to $16.36, after reaching a settlement with the Department of Justice to end a probe that began in 2013 over its imports of flooring products....
...Shares of hardwood flooring retailer, Lumber Liquidators, fell more than 15 per cent to $30.55, after analysts at Goldman Sachs downgraded the stock to “neutral” from “buy”....
...Bridge Global had been incorporated just a month earlier, in August 2012. An early alarm about the Cayman dealings came from KPMG, 1MDB’s auditor, according to the auditor-general’s draft report....
...One of the biggest market losers was Lumber Liquidators, whose shares fell 17 per cent on news that chief executive Robert Lynch had unexpectedly resigned in the wake of a 60 Minutes report that alleged...
...In this scenario Home Depot’s streamlined business is better off than competitors such as Lumber Liquidators and Tractor Supply, which are suffering more from the housing doldrums....
...Lumber Liquidators said in a statement at the time that it was “co-operating with authorities to provide them with requested information”....
...Before listing in New York in 2005, Suntech placed its main manufacturing assets in Wuxi, Jiangsu Province, into a holding company incorporated in the British Virgin Islands....
...BCCI had a complicated international structure, with its main banking business incorporated in Luxembourg but its chief operations in London and interests in the Cayman Islands....
...He is currently designing a new city hall for Tallinn; a twisting, lumber-clad new wing for Park City Utah’s Kimball Art Centre; a recently announced twisting 49-storey tower in Vancouver and too many others...
...SIB was incorporated in Antigua and Barbuda when it was founded in 1990, and at all times its registered office was based there....
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