NEW YORK — One customer was a debt collector that threatened to jail people if they didn't pay back loans that they never took out. Another was an offshore gambling operation that hid bets behind innocuous-sounding websites, including one dedicated to orange cats. A third was a phone-sex business catering to men with diaper fetishes or fantasies of raping women. Ahmad "Andy" Khawaja made his fortune in online payment processing for a host of companies, providing a key conduit in e-commerce for "high risk" merchants by helping route customers' credit card purchases to banks. And recently Khawaja has shared that wealth in the form of multimillion-dollar political donations, first to Hillary Clinton and then to Donald Trump. But thousands of internal company documents obtained by The Associated Press reveal that Khawaja's company, Allied Wallet Inc., has profited from guiding dubious businesses past the gates of the banking system. The records, which include email conversations as … [Read more...] about Political donor helps fraudsters, bettors and pornographers
Probe group debt collection
caption Paul Manafort. source Thomson Reuters The special counsel Robert Mueller on Friday indicted Paul Manafort, the former chairman of the Trump campaign, and Konstantin Kilimnik, a Russian-Ukrainian intelligence operative who has long been an associate of Manafort’s. The new, superseding indictment charges Manafort and Kilimnik with conspiracy to obstruct justice and obstruction of justice. Manafort’s relationship with Kilimnik stretches back years, and both he and his associate Rick Gates were in touch with Kilimnik during the campaign. Sign up for the latest Russia investigation updates here. The special counsel Robert Mueller on Friday filed another superseding indictment against Paul Manafort, the former chairman of President Donald Trump’s campaign, and Konstantin Kilimnik, a Russian-Ukrainian operative who has long been an associate of Manafort’s. The … [Read more...] about Mueller just hit Paul Manafort and a Russian intelligence operative with a new indictment
WASHINGTON: Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.Barely five months since it took effect, the law is already yielding potential tax-dodge gimmicks, from revising cross-border payments to substituting bank loans for internal debt.These fast-emerging strategies are designed mainly to blunt the impact of three new corporate taxes imposed by the law, said lawyers and consultants who help large, international companies minimize their taxes while staying within the letter of the law.Detailed guidance on the three taxes, which are extremely complex, is still pending from the Treasury Department and the U.S. Internal Revenue Service. As a result, actual deployment of the new strategies by multinational corporations is still likely months off.But discussions about ambiguities in the Republican legislation and how to exploit them is well under way in the … [Read more...] about Tax-dodge strategists probe loopholes in new US law, IRS wary
SASS ROGANDO SASOT SEN. Bam Aquino has identified three threats to the business process outsourcing (BPO) industry in our country: artificial intelligence; economic policy of source countries; and the Tax Reform for Acceleration and Inclusion Law (TRAIN). As chairman of the Senate’s committee on science and technology, Aquino moved to probe these threats. He should add another one to the list: the threat posed by the likes of Maria Josephina Verginia Natural Lauria (a.k.a. Jover Laurio) to the integrity of the BPO industry. The Inquirer’s 2017 Filipino of the Year, Jover Laurio formerly worked at the Philippine BPO office of Credit Corp Group, Australia’s largest company specializing in debt purchase and debt collection, as a CRM specialist. According to Laurio’s LinkedIn profile, she started working there in 2011. She resigned recently. On May 29, 2016, Laurio, a campaign volunteer of the Liberal Party, had the following tweeter conversation with a Filipino … [Read more...] about Will Bam Aquino investigate this threat to the BPO industry?
Big brother snaps back As the scandal over the luxury watches worn by Deputy Prime Minister Prawit Wongsuwon unfolds, his supporters have been struggling to work out "damage control" measures to salvage his reputation, albeit to little avail, according to a source close to the matter.His close associates have worked with some media outlets to present the "other side" of the story to counter a barrage of criticism from opponents, the source said.The scandal first broke when the deputy prime minister was seen wearing a ring studded with a large diamond on his finger, as well as a platinum Richard Mille RM 029 with a value of about 2.5 million baht during a group photo session for newly sworn-in cabinet ministers at Government House late last year.Gen Prawit raised his right hand on which he wore the items to shield his face from the sun during the event and the pictures then went viral amid questions about whether he had declared the expensive assets.The pictures soon landed the regime's … [Read more...] about NACC insists ‘no interference’ in Prawit probe