Latest news with #corporatecrime
Yahoo
29-06-2025
- Yahoo
London leaver: 'London was like Manchester on steroids'
When Louise Clarke moved from a small town in the North West to London the capital simply took her breath away. 'It was like Manchester on steroids,' says Clarke. 'It was so international, I was meeting so many different people from all over the world. It was such a breath of fresh air. 'I was a bit like a deer in the headlights because there was so much to see and do. And the weather is so much better.' Alas, Clarke's love affair with life in the capital was short lived. Less than two years on she was packing her bags and moving back up north, and her reasons for doing so are a neat summary of the problems Londoners face if they wish to remain in the capital. Clarke, now 30, moved to London in March 2022. She is a lawyer, specialising in corporate crime, and when her company offered her the chance to move to its London office she jumped at it. She rented a two-bedroom flat in Raynes Park, west London, and the commute to work was one of the first things that started to get her down. 'Everyone is pushing you – it is so cramped,' she says. Then there was the cost. Her flat cost £1,750pcm, plus bills. She was able to live alone, which she loved, but when her landlord informed her the rent was going up she realised she was going to have to get in a flatmate. 'I didn't like the idea of living with a stranger,' she says. Although Clarke had friends in London she found that finding the time to see them, and getting to them, was a hassle. 'It can take up to an hour to get across London, and you are not actually as close to people as you think you are,' she says. 'I actually felt quite lonely.' The news that her sister was expecting a baby gave her a sense of home town FOMO too, and she didn't enjoy London's long hours culture. Even though London has amazing restaurants an abiding memory for Clarke is finishing work at 11pm and grabbing a pasty from a stall in Waterloo Station, the only thing open that late, to eat on the train on her way home. Returning home to be reunited with her family and friends in September 2023 Clarke has been able to achieve an ambition she'd never have been able to afford in London – buying a house. Her three-bedroom semi at Whalley Manor, a development by L&Q and Lovell four miles from Clitheroe, cost £300,000 and her mortgage payments are less than her old rent. 'It is wild,' she says. 'I don't think you could buy a one-bedroom on the outskirts of London for that.' Clarke is glad that she gave up on her London life and returned to her roots, but not without any regrets. 'I do miss the vibrancy of London, you don't get that in a little village in the countryside,' she says.
CNA
26-06-2025
- Business
- CNA
2 men charged after company allegedly received US$45 million without a payment service licence
SINGAPORE: Two men were charged on Thursday (Jun 26) after their company's corporate bank accounts allegedly received nearly US$45 million in funds from overseas. Patrick Lee Paik Cheng, 65, is the director of the company, Tupt, while his co-accused, Dinh Tien Dat, 28, was said to be in a position to influence the conduct of Tupt. According to a Bizfile record, Tupt is a company located at Bencoolen Street which operates a wholesale business on a fee or commission basis. Lee, a Malaysian and Dinh, a Vietnamese, were each handed a charge under the Payment Services Act. The police said in a press release on Wednesday that neither the men nor their company had a licence to carry out a business that provided a payment service in Singapore. Both men and the company were not considered exempted service providers. It said that investigations by the Commercial Affairs Department revealed that the funds were received from outside Singapore on 58 occasions. Between Jul 28, 2020 and Apr 29, 2022, US$44,951,709.70 was received in 26 transactions to an RHB bank account and 32 transactions to a Standard Chartered bank account, court documents stated. Both bank accounts allegedly belonged to Tupt. Lee's case was adjourned for him to seek legal advice. He will next return to court on Jul 24. Meanwhile, Dinh has indicated his intention to plead guilty. His hearing has been fixed for Aug 7. The police said in the press release that they will not hesitate to act against any individual or entity involved in providing unlicensed cross-border money transfer services. "Members of the public are strongly advised to use financial institutions or payment service providers licensed by the Monetary Authority of Singapore when conducting cross-border money transfers. "The police would like to caution against engaging in unlicensed payment service activities, as unlicensed payment service providers are not regulated and are not subjected to stringent anti-money laundering and counter terrorism financing measures," it added.
Yahoo
06-06-2025
- Business
- Yahoo
Luigi Mangione's Chilling Diary Reveals Motive on CEO Killing
A red notebook could hold the motive behind one of the most jarring killings in corporate America. ABC News reported that according to a new court filing, diary entries written by 27-year-old Luigi Mangione reveal his thinking before he allegedly gunned down UnitedHealthcare CEO Brian Thompson in Manhattan last December. Mangione, who has pleaded not guilty to all charges, was arrested hours later at a McDonald's in Pennsylvania. The handwritten entries detail Mangione's rage against the health insurance industry and his belief that a high-profile killing could ignite a broader conversation. 'The target is insurance,' he wrote in August 2024. 'It checks every box.' The Manhattan District Attorney's Office filed the notebook excerpts in response to Mangione's legal team, which sought to pause or dismiss the case. Prosecutors argue that the writings—alongside the fact that shell casings at the scene were etched with the words 'delay,' 'deny' and 'depose'—show clear intent to commit murder in furtherance of terrorism. Mangione, a former Ivy League student from a privileged background, allegedly viewed the killing as a way to strike at what he saw as systemic greed. 'Do you bomb the HQ? No. Bombs=terrorism,' he wrote. 'Targeted, precise and doesn't risk innocents.' Prosecutors say the killing triggered a cascade of threats against health insurance employees, forcing UnitedHealthcare to pull executive headshots from its website, hire private security, and advise employees to stop wearing branded clothing. Despite the violence, Mangione has become a cult-like figure to some online. A legal defense fund has raised more than $1 million, and many frustrated with rising health costs have voiced support. The motive, authorities argue, wasn't personal. It was symbolic. 'He chose UHC solely because they were the largest,' the filing reads. The entry explains Mangione's motive in this high-profile, shocking case. Luigi Mangione's Chilling Diary Reveals Motive on CEO Killing first appeared on Men's Journal on Jun 6, 2025
