German firm is in middle of fraud probe

Article Abstract:

Phoenix Kapitaldienst GmbH of Germany is under investigation for investment fraud. The ruse had gone undetected for ten years and came to light one year after the death of Dieter Breitkreuz a top executive at the small investment house. The investment fraud could affect approximately 30,000 investors with a loss of $326.75 million in total.

Legal issues & crime, Germany, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Company legal issue, Investigations, Securities industry, Death of, Breitkreuz, Dieter

---

EU harvests satellite images

Article Abstract:

The European Union fights farm subsidy fraud by using data gathered from military satellites to crack down on farmers who claim subsidies for crops they never grew. Under the new plan, results gathered from satellite images will be used to cross-check farmers' claims before any money is paid out.

Italy, Government expenditures, Government domestic functions, Financial management, Poland, AGRICULTURAL PRODUCTION--CROPS, Agricultural industry, Usage, Finance, Prevention, Political aspects, European Union, Agricultural subsidies, Agricultural policy, Inspection, Artificial satellites in surveying, Satellite surveying, Military satellites, Company financing, Commercial crimes, Government finance, Regulatory compliance

---

Similar abstracts:

• Abstracts: Army fails to find indications of Iraq plans to wreck facilities. New Iraq oil minister brings politics to post
• Abstracts: Asian turmoil hits AssiDomaen's profit. Skandia agrees to talks as Old Mutual tally rises
• Abstracts: The man in the middle. Options: currency calls. Explain that about-turn
• Abstracts: Banks back in business. Winner takes all
• Abstracts: Tech firms are tops in Taiwan. Turn around

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.