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SINGAPORE (AFP) — Singapore will amend a law that allowed a megachurch pastor to escape a harsher prison term for fraud despite funnelling millions in church funds into his wife’s music career, a senior official said Monday, following a public backlash. In a case that fascinated Singapore with a heady mix of religion, showbiz and fraud, Kong Hee and five other church leaders were convicted in 2015 of spending Sg$24 million ($19.8 million) from a […]
WASHINGTON, United States (AFP) — Shares in a New York beverage company nearly tripled by midafternoon Thursday after it announced it was shifting into cryptocurrency-related investments. Long Island Iced Tea Corp of Farmingdale, New York — which says it currently produces the soft drink with a proprietary recipe — announced Thursday it was changing its name to “Long Blockchain Corp” and would explore investments in the technology underlying cryptocurrencies like bitcoin. Shares in the company were up […]
(Agence France Presse) — One of the Philippines’ biggest banks has been sanctioned over alleged fraud by one of its executives, the central bank said Tuesday. The penalties were imposed on the Metropolitan Bank and Trust Company (MBTC) after one of its vice presidents was arrested in July on suspicion of stealing 1.75 billion pesos ($34.5 million) from the bank. Some directors and officers at MBTC, better known as Metrobank, will also be suspended, the […]
WASHINGTON, United States (AFP) — Fraudsters posing as consular officers operated a fake American embassy in the Ghanaian capital Accra for about a decade and printed counterfeit visas, a US official said Monday. US State Department spokesman Mark Toner said no one was believed to have entered the United States with one of the fake visas, which were reproductions based on genuine travel documents the con-men had obtained. “This fake embassy made and printed counterfeit […]
