We are sorry, the requested page does not exist
NY tribunal clears Bloomberry from heist
The Appellate Division of the New York Supreme Court upheld on 30 May 2023 an order clearing a unit of Bloomberry Resorts and Hotels Inc. or BRHI from the complaint of Bangladesh Bank regarding an $81-billion online bank heist. A decision and order dated 30 May 2023, received by Bloomberry in the evening of 30 May 2023, upheld the order of the Supreme Court, New York County dated 8 April 2022 which granted the motion to dismiss the Bangladesh central bank’s complaint against Bloomberry unit Solaire resort. Bloomberry Resorts Corp., and its subsidiary Bloomberry Resorts and Hotels Inc., along with Rizal Commercial Banking Corporation, and Eastern Hawaii Leisure Company, Ltd have all been accused of serious crimes, including conspiracy to commit, fraud, aiding and abetting, conspiracy to commit fraud, conversion, theft, misappropriation, and a litany of other charges. Hackers went for $1B The suit was related to the attack on Bangladesh Bank by North Korean hackers in 2016 that resulted to the syphoning off a total of $1 billion from the bank’s accounts. The hackers attacked the Federal Reserve Bank of New York, which responded rapidly, blocking the majority of the transfers, but after letting $101 million slip through. The bank was able to retrieve $20 million of these funds, but the remaining $81 million remained unaccounted. In the probe on how the remainder of the money was used, it was found the majority of the funds were channeled through various casinos and gambling properties and used to buy gaming chips and play in junket rooms. The hackers were successful in transferring the money because the criminals specifically launched their attack during the long weekend. Since the racket took place, Bangladesh Bank has been looking to recover the missing funds, essentially accusing the defendants of not acting in good conscience when it came to examining the source of funds and flagging the matter with authorities in a timely fashion. With the latest rulings, however, it’s unlikely for Bangladesh Bank to recoup any further of the missing funds. The post NY tribunal clears Bloomberry from heist appeared first on Daily Tribune......»»
How ready are we to manage disasters?
A recent report from the World Meteorological Organization warned that global temperatures are expected to rise to record levels in the next five years, triggered by greenhouse gases and the recurring El Niño. With the current hot weather already a bane to many, and occasional thundershowers offering temporary relief, the scenario in the not-too-distant future looms as a threat more than a warning, as the chances of having the hottest days on record within five years appear to be a dead certain reality. “A warming El Niño is expected to develop in the coming months, and this will combine with human-induced climate change to push global temperatures into uncharted territory,” said WMO Secretary-General Pro. Peterri Taalas. “This will have far-reaching repercussions for health, food security, water management, and the environment. We need to be prepared.” Despite the grim announcement, Taalas offers a ray of hope. We still have time to prevent the inevitable from happening; he provides to soothe doomsayers. This is not an impossible situation and is not irreversible, he adds. Strengthening weather and climate services to protect people from extreme weather conditions and new greenhouse gas monitoring will be on top of the agenda of matters to be discussed during the forthcoming WMO Conference scheduled from 22 May to 2 June. For our part, how ready are we to handle disasters of this sort? Are we equipped to face or institute disaster-reduction/mitigation efforts? There has been a lot of discussion on making a paradigm shift from reactive to proactive in the matter of responding to disasters, including floods, earthquakes, and droughts, among others. The government and the private sector have stressed that responses should be immediate and efficient, and emergency relief immediately followed by the rebuilding of destroyed houses or infrastructure or rehabilitation and livelihoods restored to the affected victims. The World Conference on Disaster Reduction mapped out a framework from 2005-2015 that adopted “five priorities for action: 1. Ensure that disaster risk reduction is a national and local priority with a strong institutional basis for implementation; 2. Identify, assess and monitor disaster risks and enhance early warning; 3. Use knowledge, innovation, and education to build a culture of safety and resilience at all levels; 4. Reduce the underlying risk factors; and 5. Strengthen disaster preparedness for effective response at all levels.” Considering that the Philippines ranks first in the world regarding risks associated with natural disasters and is “host” to an average of 20 typhoons annually, six of which are destructive according to a World Risk Index report, have we used these recommendations? Only a few years ago, five Northern Luzon town mayors were facing charges in the Office of the Ombudsman after they were found missing from their posts as Typhoon Ompong ravaged most parts of the islands, causing deaths and destruction in the aftermath. Many victims of past calamities continue to live in makeshift dwellings as they cannot rebuild their homes far from their workplaces and schools for their children. There is a never-ending line of displaced people seeking food or ayuda and a mad scramble for the same caused by disorderly or ill-maintained distribution systems. Donations are being ripped off and do not go to the intended beneficiaries. Instead of being disaster-prepared, we react as if these calamities are happening for the first time. In contrast, look at how neighboring Bangladesh, another developing nation in 6th place on the Global Risk Index, deals with the catastrophes that come their way. Its government has boosted community-focused risk reduction efforts, decentralized disaster management, developed partnerships, and enhanced community resilience by working together to reduce their vulnerability to the elements and participating in risk-reduction activities. Our local government executives should look up to their Bangladesh counterparts and learn a thing or two, reviewing their original mandates and responsibilities to their constituents. Old systems that did not work must be discarded or restructured according to the needs of the times. And the time to act is now before it’s too late. The post How ready are we to manage disasters? appeared first on Daily Tribune......»»
‘Corona’ keeps Rohingya indoors
RAKHINE STATE, Myanmar — Almost a million Rohingya refugees stuck in Bangladesh mark three years since escaping from Myanmar on Tuesday, with coronavirus forcing them to hold a day-long “silent protest” inside their flimsy, leaky huts. An August 2017 military operation — that has triggered genocide charges at the UN’s top court — drove 750,000 […] The post ‘Corona’ keeps Rohingya indoors appeared first on Daily Tribune......»»
ED attaches asset worth Rs 70 lakh in bank fraud implicating Hyderabad-based Jasleen Enterprises
New Delhi [India], March 28 (ANI): The Directorate of Enforcement (ED) has attached an immovable property valued at Rs 70 lakh in a bank fraud case involving Jasleen Enterprises headquartered in Hyderabad. The Hyderabad division of the ED attached the fixed asset in accordance with the stipulations outlined in the Prevention of Money Laundering Act (PMLA) of 2002. ED initiated investigation on the basis of First Informati.....»»
Money lending firm collector killed in Zamboanga del Sur ambush
Gunmen killed a collector of a local money lending firm in a daytime ambush in Barangay Lutlutan in Dimataling town, Zamboanga del Sur on Wednesday......»»
DOJ charges 2 alleged NPA financiers with terrorism financing
According to the DOJ, the case stemmed after reports that Dumlao and Tolentino possessed firearms and ammunition without a clear source of income or apparent purpose......»»
2 Best Ways to Save Up for Something
Sometimes, you find yourself unable to afford something you desire. While resorting to debt might seem convenient, it’s far from ideal. Saving money is a superior alternative, albeit challenging. Often, the struggle lies in maintaining savings, as funds intended for one purpose end up diverted elsewhere. We’re all familiar with the difficulty of saving money. […].....»»
Shohei Ohtani says interpreter stole money, denies knowledge of gambling debts
Shohei Ohtani says he was unaware Ippei Mizuhara had gambling debts and that he had been lied to repeatedly by the interpreter who had been by his side since he joined Major League Baseball in 2018.....»»
EcoWaste Coalition: True Radiance Comes from Within, Not from Skin Lightening Products with Mercury
23 March 2024, Quezon City. The toxics watchdog group EcoWaste Coalition, which has been tracking mercury in skin-lightening cosmetics in the Philippines since 2011, reiterated its support for the global effort to put an end to the persistent production, trade, and consumption of racist beauty products with mercury content that claim to whiten the skin and deal with other.....»»
PAWS files animal cruelty raps vs killer of golden retriever Killua
Non-government organization for animal rights Philippine Animal Welfare Society (PAWS) on Monday filed criminal complaint against the individual who struck the golden retriever Killua which resulted to its demise......»»
Lawyer claims Isko Ouano was a victim of ‘mistaken identity’
LAPU-LAPU CITY, Cebu — The legal counsel of Francisco “Isko” Ouano believed that his client was a victim of mistaken identity. Lawyer Nelson Macabocsit said he was prepared to prove that Ouano was innocent of the robbery and extortion charges against him. Ouano, 48, along with two other accused – Joselito Agtuca, 46, and German.....»»
SC affirms ruling granting bail to ex-Masbate lawmaker, Napoles
The Supreme Court (SC) has affirmed a ruling of the Sandiganbayan that allowed businesswoman Janet Lim-Napoles and former Masbate congresswoman Rizalina Seachone-Laneta to post bail in the plunder charges filed against them in connection with the Priority Development Assistance Fund (PDAF) or pork scam......»»
EcoWaste Coalition: True Radiance Comes from Within, Not from Skin Lightening Products with Mercury
23 March 2024, Quezon City. The toxics watchdog group EcoWaste Coalition, which has been tracking mercury in skin-lightening cosmetics in the Philippines since 2011, reiterated its support for the global effort to put an end to the persistent production, trade, and consumption of racist beauty products with mercury content that claim to whiten the skin and deal with other.....»»
Mike files case vs. Gwen, seeks her suspension
Mike files case vs. Gwen, seeks her suspension.....»»
How to make money from your talents: Sharon Cuneta shares ideas
Want to pursue your passion but don’t know if you can make money from it?.....»»
Cenro files complaint vs CPA for ‘illegal’ wharf construction
Cenro files complaint vs CPA for ‘illegal’ wharf construction.....»»
PAWS to file charges vs. Killua’s ‘killer’
CEBU CITY, Philippines – Animal welfare and rights group Philippine Animal Welfare Society (Paws) will be filing charges against the man accused of killing Killua, a golden retriever dog, in Camarines Sur. Paws, in a statement, said they will lodge complaints versus Anthony Solares over the death of the canine named Killua, whose story went.....»»
SK chair, others to face road-related law violation charges
SEVERAL youths, including a Sangguniang Kabataan (SK) chairman in Malita, Davao Occidental, who were seen in a viral video over road-related law violations and reckless driving incident along the Coastal Road in Bago Aplaya, earlier this month will be put under custody in Davao City’s police offices for different charges......»»
CCAP: Current credit card rate cap sufficient
The Credit Card Association of the Philippines said it fully supports the assessment process of the Bangko Sentral ng Pilipinas in adjusting or keeping the cap on credit card charges, adding that the current ceiling is sufficient......»»
Ombudsman junks raps vs NBI agents sued for torture of detainees, evidence planting
Criminal and administrative charges filed against nine agents of the National Bureau of Investigation’s (NBI) Task Force Against Illegal Drugs were dismissed by the Office of the Ombudsman in a ruling on Feb. 12, 2024, received on Monday......»»