Poor men and lonely wealthy women

I see so many lonely women out here in the world today. Of course, there are lonely guys as well. But, in my opinion men react and respond differently to their problems. We almost never actually admit that we are alone, except when our self-esteem is compromised. We just go with the flow. But for women, it is a totally different story. “I am so alone,” was what she would say. I hear this all the time from the opposite sex. Why is this so in the modern-day world? Are we men not doing our jobs?   This brings me to the recent lonely end of soul-siren Whitney Houston and UK Amy Winehouse in 2011 respectively, whose public battles with drugs and alcohol often overshadowed their music success. May their musical souls rest in peace! These are glaring examples of lonely women. It is an open secret that Whitney had been a ‘druggy’ for years, which had become more pronounced after her tumultuous marriage to singer Bobby Brown, whom she divorced before her death. Rumours had it that Amy was killed by lack of love, not a drug addiction. I think this is probably true. Another example is that of Lady Gaga, who recently admitted in an interview, “Yes I’m lonely, but I’m married to my loneliness.” It is quite interesting to know so much about her. She has said loneliness is the only thing she loves the most. Nevertheless, I wish her good luck! Now, you may wonder what the situation is Namibia?  One of the most well-known examples of this ‘loneliness phenomenon’ is the infamous middle finger gesture employed by a well-known personality in Namibia’s showbiz last year.    Was that a sign of loneliness?  Well, without risking my poor miserable life I’ll leave that to the reader to figure out. Today, with the advent of equal opportunities and interventions, our ladies in the ‘Land of the Brave’ have made great strides in business, politics, TIPEEG, BEE, Namdeb, highly skilled professions and the list goes on, which makes them wealthy but ‘lonely.’ You will agree with me that successful women are multiplying in Namibia, but sadly, success has been unsettling for some as they are struggling to keep their ‘unemployed’ boyfriends or husbands, who feel that they can’t compromise on their self-esteem and would leave relationships in which they can’t cope with the rich lifestyle of their girlfriends or women – and therefore rendering many women lonely. I know many of them. Rich women have difficulties managing fulfilling relationships and therefore end up being lonely. My advice to these lonely Eves is simple; do not pride yourself in intimidation, aggression and power. No man will accept to be controlled by a wife just because he is poor. Instead, a rich wife must remain strong but be humble and respect her husband to make him stronger. No matter how much wealth a woman can attain, she will still long for a person she can share her life with; not to mention her wealth with. Although money can be friendly, rich women still need someone who will be there for them and just simply love them. We do not want a Whitney or Amy Winehouse situation to play off in our country or do we?. Until then, Eewa!

Spain's banking sector set to shrink to about 10 lenders

This year, Spain’s banking sector looks set to shrink to about 10 lenders from more than 40 before the economic crisis, as the government forces banks to recognise steep losses from a housing crash. Small and medium-sized banks will scramble to join forces to meet capital requirements implicit in a new law demanding lenders write down up to 80 per cent of the book value of real estate assets on their balance sheets.  Click here for Cloud Computing     Also Read   Related Stories News Now - 24-hr deadline for Kingfisher to submit revised schedule - Kingfisher assures to restore normal schedule in 5-7 days - Indian banks eye assets of European counterparts - It is time to take money off the table: Jim Walker - Swiss solicits tourists from India amidst EU crisis - Abheek Barua & Shivom Chakravarti: Risk-on in a sweet spot Particular focus would rest on the country’s fourth-largest bank by market value, Bankia. Fears persist over its ability to fund losses from its heavy exposure to the property sector. Only a handful of banks — international leaders Santander and BBVA, domestic lender CaixaBank and Basque Country savings bank Kutxa — are considered strong enough to remain independent and cover capital holes with their own profits. Bankia has insisted it does not plan a link-up with Barcelona-based counterpart CaixaBank, but market sources say it would be hard for the bank to go it alone. "It’s true there were overtures towards CaixaBank, but that has gone cold. It seems CaixaBank is the only one interested in Bankia. BBVA and Santander do not seem up for it," said one banking source. Another expressed doubt Bankia could deal alone, with Euro 3 billion of capital needs with annual net operating profits of Euro 1.67 billion and with its parent company BFA still owing Euro 4.1 billion of state loans given out last year. "The numbers simply don’t add up," the second banking source said. If Bankia opts for a tie-up, it could win more time to write down losses related to real estate. The government has given banks one year to write down losses, but would extend it to two years for lenders involved in a merger process.

teenagers barricade themselves in ski chalet in France

Two Norfolk teenagers are among a group of people who have barricaded themselves into a luxury ski chalet in France because they say they have been unfairly dismissed from their jobs without any pay, Angus Briggs, from Newmarket Road, in Norwich, and Paddy Bartram, from East Tuddenham, had thought they had landed the perfect gap-year jobs when they were employed by Skithe3v to work as chalet hosts at the company’s resort in the Three Valleys area of France. But after working for just two weeks they said they received an email saying their services were no longer required and that they needed to leave the site by the following day. They were also told they would not be receiving any pay. A number of other staff members were also suddenly dismissed, and together they have barricaded themselves in Skithe3v’s Chalet Georgina, just outside Les Menuires, in protest. They have dubbed themselves the Les Menuires 7 and say they will not move until they receive the wages they are owed. Speaking from the chalet, 19-year-old Angus said: “We came out here a couple of weeks ago and we thought we would be doing the chalet hosting job until the end of the season. “As chalet hosts we had been hosting the guests, preparing some meals, and cleaning, and we had done this for two weeks. “But on Monday we were sent an email saying we were being let go, and others were too. “We are both owed about £200 each. “We are quite frustrated - when you do a job you expect to be paid.” He said they would not vacate the chalet until they are paid. “We are making a very peaceful protest,” he added. “We are maintaining the chalet and keeping it tidy and in perfect order. All we are asking is that we get the money we are owed - we will leave the chalet in immaculate condition.” Eighteen-year-old Paddy added: “I was really pleased to get this job and looking forward to it for ages. “I had wanted to do a ski season for several years and it seemed like the perfect job. “But they worked us far more than our working hours and it turns out they were just trying to exploit us,” Angus and Paddy said since Les Menuires 7 started their protest they had received support from people living nearby and also online through Twitter and Facebook. A woman who lives in the Les Menuires area said: “Everybody is talking about what is going at the chalet. It is huge news over here. There is a lot of support for them.” When the Evening News contacted Skithe3v, which has a base in Hanover Road, London, a spokesman said he was unable to comment because the situation was in the hands of the company’s legal team.

MEP arrested on suspicion of European parliament fraud conspiracy

MEP has been arrested on suspicion of conspiracy to defraud the European parliament. West Midlands MEP Nikki Sinclaire, 43, was arrested along with three of her staff on Wednesday, according to another MEP for the West Midlands, Mike Nattrass of Ukip. West Midlands police confirmed a 43-year-old woman was arrested at a police station in Birmingham along with three other people on suspicion of conspiracy to defraud the European parliament. Two women aged 55 and 39 and a 19-year-old man were arrested at addresses in Solihull, Worcester and Birmingham and were taken to a police station for questioning on Wednesday. Searches were carried out at the addresses of the four people by officers investigating an allegation made in 2010 regarding allowances and expenses, a police spokeswoman said. All four were later released on police bail, she added. On her Twitter account, a spokesman for Sinclaire said the MEP attended the police station in Birmingham voluntarily and co-operated fully with the police. "This is particularly frustrating to Ms Sinclaire who is eager to clear her name and has nothing to hide," said another tweet. The MEP "disputes all allegations put towards her or her staff" the tweets said. Sinclaire and her office would continue to "fully co-operate with the police on this matter". In a statement, Ukip said Sinclaire, who formerly represented the party in the seat, ceased to be an MEP for the party in 2010. "It would be inappropriate for the party to make any comment during the process of an ongoing police inquiry," Ukip's statement said.

Oscars warn Baron Cohen against red carpet stunt

 

Oscars organizers have warned flamboyant British actor-comedian Sacha Baron Cohen not to try to pull a stunt at this weekend's Academy Awards show, but said he is not banned from attending. The Hollywood Reporter cited sources as saying the star has told Paramount, the studio behind his latest movie "The Dictator," that he plans to turn up on the Oscars red carpet in full bearded, uniformed character Sunday. Reports suggested that the Academy of Motion Picture Arts and Sciences had banned the "Ali G," "Borat" and "Bruno" star altogether, but a spokeswoman denied this Thursday. "The Academy would love to have Sacha at the show. We've let him know how we feel about using the red carpet for a movie stunt and we're waiting to hear from him," she told AFP. Baron Cohen, who is in Martin Scorsese's 11-times Oscar-nominated movie "Hugo," has a history of colorful stunts: in 2006 he turned up at the Toronto film festival in a cart pulled by a "peasant woman" to promote Borat. At the 2009 MTV Movie Awards, he descended from the ceiling on a harness dressed as an angel, eventually crashing into Eminem's lap, his buttocks in the rapper's face. Eminem voiced outrage, although it later emerged that the two men had organized the stunt in advance. In "The Dictator," due out in May in the United States, Baron Cohen plays the lead role in "the heroic story of a dictator who risks his life to ensure that democracy would never come to the country he so lovingly oppressed." A representative for Baron Cohen did not immediately reply to a request for comment on the story.

Murdoch slashes price for new Sunday tabloid

 

Rupert Murdoch on Thursday fired the opening shot in his battle to reclaim Britain's Sunday newspaper market by announcing his newly launched publication would be half the price of his previous title. The 80-year-old tycoon took to microblogging website Twitter to reveal: "Regular Sunday price for The Sun only 50p -- and Saturday's Sun going down to 50p too! Great news for readers and the economy." Murdoch's News of the World -- the Sunday tabloid which shut seven months ago over the phone-hacking scandal -- cost one pound ($1.57, 1.18 euros), the same cover price as rivals the Sunday Mirror and The People. The 50 percent price cut announced for The Sun on Sunday, which will hit the stands this weekend, signals the Australian-born businessman's hunger to once again own the top-selling Sunday newspaper. The News of the World dominated the country's Sunday market with sales averaging 2.67 million when Murdoch took the decision to close it in July last year. Publisher News International said the US-based mogul would be in London to oversee the launch this Sunday and confirmed that the editor of the weekday paper, Dominic Mohan, would also edit the Sun on Sunday. Murdoch flew in to Britain last week to announce the creation of the new paper and to promise demoralised staff he would stand by them despite the arrest of senior Sun journalists over bribery allegations.

Labour suspends MP Eric Joyce after Commons 'assault'

 

Labour MP Eric Joyce has been suspended from the party after he was arrested over allegations of an assault in a House of Commons bar. Police were called after reports of a disturbance on Wednesday night. Mr Joyce, 51, remains MP for Falkirk but cannot take the Labour whip until the police investigation ends. Speaker John Bercow has said he takes the matter "very seriously". The Conservative MP for Pudsey Stuart Andrew has alleged he was assaulted. The BBC understands officers involved in the investigation returned to the Commons on Thursday evening. The disturbance is believed to have happened in the Strangers Bar, which is reserved for MPs and their guests. Mr Andrew was in the bar following a Commons event organised by his Conservative colleague Andrew Percy, for the Speaker of the Canadian Parliament. 'Extremely serious' A Scotland Yard spokesman said: "We were called at approximately 10.50pm last night to reports of a disturbance at a bar within the House of Commons. "A man aged in his 50s was arrested by officers on suspicion of assault. He remains in custody in a central London police station. Inquiries are continuing." A Labour Party spokesman said: "This is an extremely serious incident. We have suspended Eric Joyce pending the results of the police investigation." In the Commons, Speaker John Bercow said: "Members will be aware of reports of a serious incident in the House last night. I have been informed by the Serjeant at Arms that the honourable member for Falkirk has been detained in police custody. "The matter is being investigated. I take this matter very seriously, as do the House authorities." Mr Joyce was elected in a by-election in December 2000 and has served as a parliamentary private secretary (PPS) to a number of government ministers since 2003. He was PPS to the then defence secretary Bob Ainsworth until 2009, and prior to that had been a parliamentary aide to John Hutton, Mike O'Brien and Margaret Hodge.

A4e boss Emma Harrison to step down from government role

 

Emma Harrison, David Cameron's "families tsar", is to stand aside from the role in the wake of revelations that former employees of her firm A4e are subject to police investigations over alleged frauds. She has written to the prime minister saying she believes she should stand aside. Number 10 had been signalling for more than 48 hours that it was extremely concerned by the allegations and would ask her to stand aside from the role. "I have asked to step aside from my voluntary role as Family Champion as I do not want the current media environment to distract from the very important work with troubled families," she said. "I remain passionate about helping troubled families and I am grateful for the opportunity to contribute in an area where I have been active for many years." Her role has always seemed more titular than real with the bulk of the efforts on troubled families now being taken over by Louise Casey at the communities department. Harrison's A4e volunteered details of two investigations as it tried to counter claims that it was involved in "systemic" abuse of taxpayer-funded contracts. The government has said the bulk of the inquiries covered problems with the previous government's back-to-work programmes. The Department for Work and Pensions revealed it had launched nine fraud investigations into the firm in recent years. The prime minister appointed Harrison in 2010 to help get 120,000 "problem families" into work. A4e earned £180m from state contracts last year, when Harrison paid herself a dividend of £8.6m, despite the firm's failure to meet government targets on finding jobs for the unemployed.

Barclays clocks up 1,500 complaints a day

 

Barclays has been clocking up over 1,500 complaints a day as its staff share £2.5billion bonuses. The bank had 281,484 customer gripes between July and December – up 12% on the first half of 2011. It blamed the surge on claims for mis-sold payment protection insurance. An ­Independent Banking ­Advisory Service spokesman said: “It’s coming back to bite them – although not quickly enough in our view.” All banks have to report complaints data for the second half of 2011 to the City watchdog the Financial Services Authority by the end of February. Barclays, which published its figures in advance, said PPI complaints hit nearly 123,000 between July and December - up by 67% from the first six months and double the number for the second half of 2010. Excluding PPI, total complaints dropped by 11% to 158,492 in the second half, or 336,363 for 2011 as a whole. Antony Jenkins, chief executive of Barclays Retail, said: “We can and will do more to improve service and go further and faster to drive down complaints. “We are aiming for further reductions in underlying complaints in the first half of 2012 as we continue on our journey to get it right first time, every time.” Eddy Weatherill, of the Independent Banking Advisory Service, said: “Barclays made a lot of profit from selling PPI and now it’s coming back to bite them. although not quickly enough in our view. “But I don’t think any of the banks are doing well on the complaints front, particularly when it comes to small businesses. “They have tried to ring every penny out of customers but, because of a lack of competition, people haven’t got decent choice when it comes to moving account.”

France reporter Edith Bouvier asks for Syria evacuation

 

The French journalist who was wounded in an attack on the Syrian city of Homs on Wednesday has asked to be evacuated from Syria quickly, saying she needs urgent medical attention. Edith Bouvier was injured in the attack that killed journalists Marie Colvin and Remi Ochlik in the Baba Amr suburb. In a video posted online by opposition activists, Ms Bouvier says she has a broken femur and urgently needs an operation. She asks to be evacuated to Lebanon. There is growing pressure on Damascus to give access to civilians trapped by the onslaught. 'Very difficult' In the video, Ms Bouvier praises the doctors who have been treating her and says they are doing what they can. Photojournalist William Daniels, who is also French, appears alongside her and says she has not lost her smile. He was also caught up in the attack but says he was not injured. William Daniels says he was fortunate not to be injured Mr Daniels appeals to the French authorities to help them as soon as possible, as conditions "are very difficult". There is no electricity and not much to eat, he says, adding that they need to get out as quickly as possible using medically equipped transportation. The US, Europe and Arab countries plan to challenge President Bashar al-Assad to provide humanitarian access within days to the worst affected areas. They plan to present their ultimatum at Friday's international conference on Syria in Tunisia. Russia and China have said they will not attend the conference. The two countries have faced Western and Arab criticism for blocking a UN Security Council resolution that would have backed an Arab League peace plan for Syria. Meanwhile, a United Nations panel has drawn up a confidential list of Syrian military officials - believed to include President Assad - who could face investigation for crimes against humanity. It says these include shooting unarmed women and children, shelling civilian areas and torturing the wounded.

Indonesia moves foreigners out of riot-hit prison

 

Indonesia started moving foreign inmates, women and children out of an overcrowded prison on Bali island Thursday after two days of rioting, officials said, as troops backed by water canons and armored vehicles surrounded the tense facility. Schapelle Corby and several other Australians serving time for drug trafficking balked at the transfer because of the difficulty adjusting to a new place, said Bambang Krisbanu, a security official at the justice ministry. He said evacuations would be voluntary, but other officials later said the evacuations would apply to all those selected — about 60 foreigners, 120 women and 13 children. The violence that erupted late Tuesday at the Kerobokan jail — which houses more than 1,000 drug traffickers, sex offenders and other violent criminals — was triggered by the stabbing of an inmate during a brawl a week ago. The prisoners blamed lax security for allowing a knife into the prison. By Wednesday night, the inmates had chased away all 13 guards and seized full control of the compound, said Beny Arjanto, the local police chief. Some climbed to the top of the watch tower and started throwing rocks and a Molotov cocktail at more than 500 soldiers and police stationed outside. Others tried to break down the front gates. Troops responded by firing tear gas and shots in the air. Others stormed the facility, but they were forced back out 10 minutes later, said Arjanto. A few inmates have been injured, he said, but none of them seriously. The decision to relocate foreigners, women and children to another prison was made as it became clear Thursday that tensions were not going to ease anytime soon. "We want to evacuate them immediately for their own safety," said Col. Wing Handoko, a military spokesman. "We need to make sure they aren't used by other prisoners to get international attention or as bargaining chips for their demands. "We don't want them to be taken hostage." Though he would not say exactly where they would go, another police officer told The Associated Press they were heading for Klungkung, a jail about 40 miles (70 kilometers) away. He spoke on condition of anonymity because he was not allowed to speak to the media. The Kerobokan prison about 20 minutes from Bali's international airport was built for around 300 prisoners but houses more than three times that. Of the 60 or so foreigners, 12 are Australians and one is American, said Anang Khuzairi, a prison official. The most famous is Corby, a former beauty school student serving a 20-year sentence for smuggling 9 pounds (4.2 kilograms) of marijuana into Bali. Her case garnered intense interest in Australia, where many people believe she was innocent. Krisbanu said she and the other Australian inmates insisted they did not want to be moved. However, minister justice Amir Syamsuddin who is in Bali overseeing the operation, has requested evacuation of all foreigners, women and children, Handoko said. He added that so far 31 inmates, 14 of them foreigners have been moved by Thursday evening. "Most of the foreigners rejected, but we forced them due to the minister's request," Handoko said. No further information was available on the 13 inmates who are younger than 18.

Labour MP Eric Joyce suspended after 'head-butting' Tory Stuart Andrew in House of Commons bar

 

The 51-year-old remains MP for Falkirk but cannot take the Labour whip in the Commons until the conclusion of the police investigation. 'This is an extremely serious incident,' a Labour party spokesperson said. 'We have suspended Eric Joyce pending the results of the police investigation.' Mr Joyce is said to have been arrested after the incident involving Tory MP Stuart Andrew at the Strangers bar, which is reserved for MPs and their guests, in the House of Commons before 11pm yesterday. 'We were called at approximately 10.50pm last night to reports of a disturbance at a bar within the House of Commons,' a statement from the Metropolitan police said. 'A man aged in his 50s was arrested by officers on suspicion of assault. He remains in custody in a central London police station. Inquiries are continuing.' Reports said Mr Andrew, the 40-year-old Tory MP for Pudsey, intended to press charges against Mr Joyce over the incident. An eyewitness who did not wish to be named told the website PoliticsHome that Mr Joyce 'just started lashing out at people' after complaining the bar was 'full of Tories'. Speaking in the Commons after news of Mr Joyce's arrest, Speaker John Bercow said: 'Members will be aware of reports of a serious incident in the House last night. I have been informed by the Serjeant at Arms that the honourable member for Falkirk has been detained in police custody. 'The matter is being investigated. I take this matter very seriously, as do the House authorities. I would ask that no further reference should be made to these reports in the chamber today.' Mr Joyce, MP for Falkirk since December 2000, served in the Army Education Corps before pursuing a career in politics. In 2009 he quit as parliamentary private secretary to defence secretary Bob Ainsworth due to concerns of the war in Afghanistan. A year later he resigned as shadow secretary of state for Northern Ireland for pleading guilty to failing to provide a breath test. Labour MP Paul Farrelly was involved in a brawl in an unrelated incident at another Commons bar in 2010. The MP for Newcastle-under-Lyme 'wrested' a man to the floor in 'self-defence after an altercation at a karaoke party in parliament's Sports and Social Club.

Foreign and female inmates to be evacuated from Bali's Kerobokan prison

 

FOREIGN inmates including the 12 Australians held at Bali's notorious Kerobokan jail are set to be moved later today amid fears they could be targeted in ongoing unrest at the prison. Prison guards and police have again been forced to retreat to the streets outside the jail following a second night of unrest in the wake of a rampage by inmates on Tuesday night during which sections of the jail were destroyed by fire. About 400 armed police and soldiers remain stationed outside the jail amid a tense stand-off with prisoners. Indonesian Justice and Human Rights Minister Amir Syamsuddin has also been dispatched from Jakarta and is expected to visit the jail later today. The ongoing tension has prompted authorities to prepare for a mass evacuation of the jail, which has been without electricity since the riot broke out at about 11pm local time (2am AEDT) on Tuesday.  Riots continue in Kerobokan prison Buses have been moved to Kerobokan to prepare for the evacuation, which could take place at about 1pm. It's understood that the 60 foreign prisoners will be taken to a detention facility at Klungkung, a drive of about two hours from Kerobokan. Kerobokan governor Bowo Nariwono has confirmed the plan but said details were still being worked out. ''There's a plan to make them safe,'' Mr Nariwono said. The overcrowded jail houses more than 1000 male and female inmates, including the Gold Coast's Schapelle Corby and members of the so-called Bali Nine drug trafficking group. One of the Australian prisoners, Graeme Michael Pollock, was due to be sentenced today in relation to drugs charges. His hearing has now been postponed. The evacuation plan emerged as authorities voiced concerns for the safety of the foreigners inside the jail after a second night of unrest. Provincial military command spokesman Wing Handoko told AFP that authorities were still working out the details of the evacuation. ''We don't want to take chances, just in case the foreigners become a target of the prisoners' anger,'' he said. Authorities were forced out of the prison again last night after having initially wrested control of the jail back from prisoners earlier in the day. ''The prisoners took over the prison again, which forced security personnel to fire warning shots into the air,'' Mr Handoko said. Prisoners responded to the warning shots by throwing flaming missiles onto the street outside the jail. It is understood that they have demanded that the three prisoners shot in the leg with rubber bullets and removed from the jail yesterday be returned. The prison has been sealed off with about 400 armed police and soldiers, equipped with water cannons, stationed outside. Prisoners began rioting on Tuesday night after days of simmering tensions following the stabbing on Sunday of one prisoner by three inmates from a rival drug gang. Police were called in at about 4pm on Sunday to quell a mob of prisoners that had attacked those believed to be responsible for the stabbing.

Confusion surrounds Australian prisoners held in Bali riot jail

 

Confusion surrounds Australian prisoners held in Bali riot jail Scott Rush, is escorted by two policemen after being moved out from Kerobokan prison in Denpasar.  BALI nine drug mule Scott Rush was evacuated from the fire-damaged Kerobokan prison late yesterday after a day of confusion and posturing. Prison authorities in Bali backed down from a threat to forcibly move 1015 prisoners from the jail in urban Denpasar, and by late last night had moved a small fraction of that. The fate of the other 11 Australians housed in the prison is unknown, as police were gearing up to move more people out. Last night, drug smugglers Schapelle Corby and the rest of the Bali nine were still inside.

Fraud: Organised crime - Bogus claims gangs cast a wider net

 

According to the Insurance Fraud Bureau, the cost of organised fraud to the industry is approximately £200m per year. While this is only a small portion of the estimated £1.6bn total cost of fraud, it is of particular concern because it is typically carried out by organised gangs, often using the money to fund serious illegal activity, such as people trafficking, arms dealing and terrorism. Although there are isolated examples of fraud rings operating in arson and disability claims, the vast majority of organised fraud involves motor insurance. It is an unfortunate truth that the criminal gangs instigating this type of fraud are rarely identified by insurers or the police, as they operate ‘behind the scenes’ — persuading others to make personal injury claims on the back of accidents that are either staged or entirely fabricated. Historically, those targeted by gangs to take part in fraud have largely followed a well-defined profile, predominantly males in the 25 to 44 age bracket, living in more deprived postcodes. These individuals also tend to have a history of suspect claims or minor criminality. There is mounting evidence, however, that this is changing, as the gangs behind the scams cast their net wider in search of the ideal claimant. This is borne out by analysis of the thousands of fraud ring cases investigated by Keoghs. Case analysis Analysis of cases handled over the past 12 months shows the number of fraudsters within the 18 to 25 age bracket has increased by 10%, compared with the previous year. Meanwhile, the proportion of fraudsters in the 26 to 30 bracket has fallen by 0.5%. This trend is also starting to be recognised across the industry; in a survey of Keoghs' insurer clients compiled in September, 83% of those noticing a change in the average age of fraud claimants said they had seen a marked decrease in their age. Another trend, more difficult to quantify, but suggested by anecdotal evidence, is that organised fraud is becoming a more middle-class pursuit, with the two groups increasingly involved being students and young professionals. The link between youth unemployment and youth crime rates is well established. In 2004, economist Steven Levitt analysed a wide range of data into the relationship and found that, controlling for other factors, almost every study showed a relationship between non-violent crime and the rate of unemployment. Levitt’s estimate was that a 1% increase in unemployment would cause a 1% increase in crime. In 2005, a study by the government’s Social Exclusion Unit found that nearly two-thirds of young offenders were unemployed at the time of arrest compared to 46% of those aged over 25. The latest figures from the Office of National Statistics reveal that youth unemployment is at a 20-year high, with more than one in five — 22.3% of 16 to 24-year-olds — out of work. More than two fifths of those out of work have been unemployed for more than six months. As a result, many are anticipating a sharp increase in the level of crime committed by young people and this appears to be borne out in the increase seen in organised fraud. Strain on finances There is also a suggestion that issues such as a rise in tuition fees for higher education and lack of availability of affordable housing is putting such a strain on young people in jobs and full-time education that many are now willing to take the risk of committing fraud to survive. In many cases, this is a last resort unlikely to be taken under normal economic circumstances, but which is now being used as an opportunity by the criminal gangs who recruit fraudsters. To make significant amounts of money from fraud, the criminals need to recruit willing volunteers to file bogus claims in exchange for a share of the pay-out. The most common scenario — that used by Mohammed Patel, the fraudster jailed in 2009 for causing 93 crashes — is for a fraudster to use a contact’s car, with their permission, to stage a collision on the road, following which the owner of the car can make a large claim for personal injuries. However, as insurers’ risk and fraud managers have increasingly grown wise to this and subjected claims from the most commonly affected postcodes to increased scrutiny, the gangs have shifted their recruitment strategies. There have been a number of cases of active recruitment of fraudsters in universities – with those taking part often studying for high-earning professions such as law or medicine, and coming from stable, middle-class backgrounds. In one case currently under investigation, the ringleader at the centre of the scam was a student who had crashed the cars of a number of fellow students in order for them to benefit from the pay-outs. So, what can insurers do to stop these practices? Rapid shifts In the face of such rapid shifts in the demographics of those involved in fraud rings — and the state of the economy driving people to turn to desperate measures and commit fraud for the first time — it is clear that concentrating on those with a history of suspect claims will not prove an effective deterrent. What is needed are all-encompassing fraud detection tools and techniques, based on a joined-up approach to sharing detailed information both internally in organisations and between insurers. Ideally, as soon as a potential fraud ring is uncovered, investigators should be able to cross-reference the details of the claims involved with all other relevant cases across the industry as a whole in order to identify and investigate any links. Investment in analytical techniques and technology, coupled with an open approach to sharing data on suspected fraud rings, is essential if the industry is to stand any chance of identifying and bringing to justice those at the heart of the problem.

Juan Antonio Roca has face to face showdown in court with Marisol Yagüe

A face to face declaration in the Malaya case in Málaga on Wednesday brought sparks between the ex Marbella Town Hall real estate assessor, Juan Antonio Roca, and the ex Mayor of Marbella, Marisol Yagüe. Roca said to Yagüe – ‘Darling, I deeply lament disagreeing, but I did give you money’. To that Yagüe said ‘You are looking for a way out of jail’. The conversation between the two came after she denied to the prosecutor that she had received envelopes, in the form of backhanders, from Roca. Judge José Godino then ordered a face to face ‘careo’ between the two which lasted just over a minute. ‘When did I ask you for money, Juan Antonio?’ she spat ‘I paid you always on the orders of Jesús Gil’, he replied, adding that the payment was for ‘maintaining cohesion’ in the three way government of which she was Mayor. The payments to Yagüe and the rest of the councillors took place between January 2004 and 2006, according to Roca’s own notes, which he has collaborated repeatedly in court. He says the ex Mayor received 1.8 million €. Yagüe told the court that Roca knows she loves him a lot, and that she wants him to get out of jail, ‘but it is not as he says’, she said, looking directly into his eye and grabbing his forearm. She also denied that he had supplied funds for the purchase of a luxury flat in Madrid in the Argüelles district. She faces 20 years in prison and a 3.8 million € fine in the case on charge of bribery, perversion of the course of justice, fraud and the misuse of public funds. The questioning continues on March 5.

Libyan land being freed for development in Marbella

 

A large real estate project which the Libyan Arab Foreign Bank wanted to place in Marbella is back on the road. The project was frozen because of the death of Muamar El Gaddafi, but now the lawyers for the development say it is active again. The lawyer Ignacio Pérez de Vargas said the plans are for 1,915 homes, a golf course and a congress hall to be built in La Resinera, the finca owned by the Libyan in Benahavís which stretches to 6,900 hectares across the municipalities of Benahavis, Estepona, Pujerra and Júzcar. Part of this is in the Sierra de las Nieves, declared a Biosphere Reserve, but the PGOU urban plans shows 500 hectares which can be built on in Benahavís. Construction could start as early as December. The Spanish Government blocked all the assets owned by the Libyan Government in Spain, or related to Gadaffi, when the fighting started in Libya. There is another plot in Nerja also owned, as nearly all the Libyan assets, by the Libyan Foreign Bank. Now the politicians and ambassadors of the two countries have been talking, and the Libyan Ambassador commented ‘Soon we will know what is going to happen to our properties in Spain. We have asked for meetings to find out what we can do with them. Now we will try to complete the arrangements so the projects we initially had in mind can go ahead.

Ex Marbella Mayor, Isabel García Marcos, found guilty of corruption

 

The ex Mayor of Marbella, Isabel García Marcos, has been handed down her first conviction for real estate corruption. Penal Court 10 in Málaga fined her 3,600 € and banned her from holding public office for ten years. Three other ex councillors were given the same sentence, José Jaén and Carmen Revilla among them, and another 11 ex-councillors were given a year’s prison sentence and a ten year ban. These include Julián Muñoz, Rafael González and Marisa Alcalá. José Luis Fernández Garrosa, Alberto García Muñoz and Pedro Reñones were all given nine month prison sentences and a nine month ban from office. The case relates to April 2002 and a licence for the construction of 20 luxury villas on a plot of land in Trapiche.

Eight more bodies from Costa Concordia wreck found

 

Search teams have found eight more bodies in the wreck of the cruise ship Costa Concordia which capsized on 13 January. The body of a girl of five is among those believed to have been found. Officials say 32 people died in the disaster but only 17 bodies had been retrieved before the new announcement. Prosecutors are investigating seven more people over the disaster including employees of the ship's operator, Costa Cruises, Italian media report. The ship's captain, Francesco Schettino, has already been accused in Italy of manslaughter, causing a shipwreck and abandoning ship before all those aboard were evacuated. He denies wrongdoing. His first officer, Ciro Ambrosio, is also under investigation. The new suspects are said to be four of the Concordia's other officers and three employees of Costa Cruises. Costa Cruises said it had "complete faith in the judicial system" and had offered its "fullest collaboration" with the Italian authorities. Bridge 4 Italian civil protection officials confirmed for BBC News that eight bodies in all had been found on Wednesday. The discovery of four victims was announced initially. All of the bodies are located near a part of the ship known as Bridge 4. Officials said not all of the bodies had been recovered due to adverse weather conditions in the area. One of the bodies found is said to be that of Dayana Arlotti, from Rimini, who had been on the ship with her father William, also missing. Francesca Maffini told AFP news agency that an operation to recover the bodies was under way. "The bodies are in a state of decomposition after all this time in the water," she said. Pumping to remove more than 2,300 tonnes of fuel from the wreck began earlier this month. Susy Albertini, mother of Dayana Arlotti, joined other relatives and friends of passengers to visit the scene of the wreck this month. They threw roses into the water from a boat which took them within 50 metres (yards) of the Concordia, one month after the disaster. William and Dayana had disappeared after returning to their cabin to get medicine for his severe diabetes, the Italian daily Corriere della Sera said. 'Complete trust' The fact that seven more people had been placed under investigation was, Costa Cruises suggested, "simply due to the necessity for the authorities to provide such individuals with the guarantees afforded to everybody under Italian law" before a forthcoming hearing. It said it had "complete trust and solidarity" in the seven people, "being absolutely confident in their professional competence and ethical correctness". They had "performed their duties with the highest professionalism and dedication in the hours following [the disaster]", Costa Cruises added in a written statement. The ship, carrying 4,200 passengers and crew, had its hull ripped open when it hit rocks in darkness, just hours into a Mediterranean cruise. Some people were forced to swim for shore as the angle of the ship made launching lifeboats impossible.

Sweden's Chicago grapples with deadly wave of shootings

A wave of execution-style shootings and a police station bombing in Sweden's third largest city have sparked fears that gangster violence is taking hold in a Nordic country widely seen as one of the world's safest places. Only minutes into the new year, a 15-year-old was found with gunshots to his chest and one to his head outside an apartment block in one of Malmo's poorest and most troubled districts, where firefighters have occasionally sought police protection. Eight killings have occurred across the city since a 36-year-old with links to organised crime was gunned down in a parking lot in May last year. The latest victim, a 48-year-old man, was found shot in a car at the end of January. None of the murders have been solved, and now some newspapers are calling Malmo "Sweden's Chicago". "Why don't police have better control?" national daily Svenska Dagbladet asked in an opinion piece, suggesting Malmo look to New York which slashed its crime rates in recent decades. For their part, police refuse to reach the conclusion that the bomb at the police station and the killings were definitely linked, which would gangland violence is out of control. "We believe it's linked to the prevalence of weapons. It is big. But I can't say why we have a larger share here than in Stockholm," Hans Nordin, Deputy Chief Commissioner of Police in the Skane region of southern Sweden, told Reuters. With a population of just 300,000, Malmo is one of Sweden's roughest cities, long a base for smugglers because of its proximity to Denmark, with which it has been connected by a bridge since July 2000. Roughly 40 percent of Malmo's population are first- or second-generation immigrants and one in three is unemployed, compared with a national rate under nine percent. Among young immigrants, the rate is nearly 40 percent. Formerly a prosperous industrial town, much of the old industry has declined and jobs have vanished. Gangs took root here decades ago, starting with motorcycle groups and increasingly dominated by immigrants, at first thanks to an influx in the 1990s of refugees of Balkan wars and then, over the past 20 years, immigrants from the Middle East, Africa and eastern Europe. SHAKING SWEDEN Along with the July 2011 killings of 77 people in Norway by right-wing fanatic Anders Breivik, the city's problems have helped to shatter the cherished image of Sweden as a refuge of safety and peace, sparking a national media debate, soul-searching throughout Sweden and street protests. Dozens of police reinforcements sent in this year are still in the city. "I'm thinking of leaving Malmo because it is getting more and more dangerous," said Henrik Hammar, 28, who stocks shelves at a grocery store and was awakened when a small bomb exploded at the police station in his neighbourhood at the end of January, close to where the latest victim was found. "When it comes to shooting, we are used to that in Malmo. But not bombs," Hammar said outside the police station with a shattered window and a hole torn in its brick wall. The bombing happened in Fosie district, a centre of the violence. The wave of killings since May is not the first to shake Malmo. Peter Mangs was arrested in 2010 on suspicion of three murders and 13 attempted murders over a seven-year period, a string of shootings on Malmo's streets targeting immigrants. Luciano Astudillo, a Chilean-born former MP who was moved by the New Year's Day shooting to launch a campaign to say "Enough is enough," compared the crime wave to the violence that plagues Mexican border towns. "We have the same problem here as in the north of Mexico though on a smaller scale," he said, pointing to the drug and weapons smuggling that pass through Malmo from Denmark on their way to the rest of Scandinavia. "So it is logical for the gangs to gather here and fight each other," he said. Astudillo said he hopes the protests he has helped lead, including a street demonstration by more than 6,000 people on January 6, will make politicians notice what is happening. "I don't think murders will become more and more frequent in the near future, but there is nothing that indicates things will improve a bit longer-term," said Tobias Barkman, a crime reporter at regional daily Sydsvenska Dagbladet. "Society has fallen behind - with regards to the police and to the social situation. It's hard to see any rays of hope."

Banks forced to hand back £1.9BILLION to customers

 

Banks have been forced to hand back £1.9billion to customers who were wrongly sold Payment Protection Insurance as part of a 'loan protection racket'. However, consumer groups have accused the finance giants of dragging their feet on refunds which, eventually, could top £8billion. The Financial Ombudsman Service is receiving a staggering 1,000 complaints a day about the mis-selling of PPI. Consumers have a right to take a claim for a refund to the watchdog where they feel they have been unfairly fobbed off by their bank. In total, the ombudsman service has received over a third of a million PPI complaints, with the majority related to policies sold by banks alongside credit cards and loans. The watchdog upholds around three out of four cases in the consumer’s favour, with the average pay-out running at £2,750. The failure to offer speedy refunds has allowed a raft of hard-sell claims management firms, who are looking to cash in on the scandal, to flourish. These firms are spending millions of pounds in advertising to offer to pursue refunds. This involves bombarding the nation with TV advertising and recorded message telephone calls to both landline and mobile phones.

Investment Bankers Get Payouts Ahead Of Expected Loss Announcement

 

Royal Bank of Scotland is to pay out just under £400m in bonuses to its investment banking staff for their work in 2011, according to Sky sources. The day before RBS announces its full-year results, the bank is understood to have agreed with the Government that it can pay out between £390m and £400m in bonuses this year. The bonus pool, revealed exclusively by Sky News City editor Mark Kleinman, is likely to further stoke recent controversy over banker pay. The pot represents a cut of about 60% on last year's investment bank bonuses at RBS, which is 82% owned by the taxpayer. It comes as the bank prepares to report an expected full-year loss of up to £2bn, making the prospect of the taxpayer breaking even on the £45bn investment made in RBS during the 2008 banking crisis as remote as ever. The rewards follow a year in which thousands of employees were made redundant as Stephen Hester, the bank's chief executive, accelerated a restructuring of the business. Despite the reduction in the overall bonus pot, scores of RBS bankers are expected to collect packages worth more than £1m. The biggest payouts will be largely paid in shares and deferred over a three-year period. Ministers have insisted that RBS enforces a £2,000 cap on the cash element of bonuses for the third successive year. Angela Knight, chief executive of the British Bankers Association, defended the latest RBS payouts, saying bonuses for investment bankers were set according to the international market. RBS boss Stephen Hester caved into pressure to waive his 2011 bonus She told Sky News that if UK banks failed to compete with global compensation levels they would lose the best employees, and in the case of RBS this could damage the long-term interest for the taxpayer. The bonus revelation came as Sir Philip Hampton, RBS's chairman, claims in a Sky News documentary with Jeff Randall, that the era of big banking bonuses is over. A YouGov poll for Sky News also showed that three-quarters of people believe that bosses at Britain's state-backed banks should not receive a bonus. Mr Hester waived his £1m bonus several weeks ago, while Antonio Horta-Osorio, chief executive of Lloyds Banking Group, also decided to rule out receiving a bonus. The 2011 pool is the lowest awarded to RBS's investment bankers since the bank was rescued by taxpayers in 2008.

Bailed out banks now worth HALF £1,000 per person cost of saving them as they get ready to report £6BILLION losses

Bailed-out banks worth just HALF the £1,000 it cost each person to save them - as they get ready to admit £6BILLION losses RBS cost £45.5bn to bailout but the stake is now worth just £26bn £20bn paid to bailout Lloyds but shareholding is now worth HALF But executive pay has soared and Lloyds boss Antonio Horta-Osorio entitled to £3.46m a year Comments (14) Share The bailed out banks are now worth just over half the £1,000 per person cost of saving them - and are set to reveal combined losses of £6billion. Royal Bank of Scotland and Lloyds received a total of £65.5bn of taxpayers' money - but the Government stake is now worth just £36bn. Their are fears it will be years before the share price rises and taxpayers can get their money back. Bumper pay: Stephen Hester (left), who hates this picture being used, is paid £1.2million a year and waived a near-£1m bonus. Fred Goodwin, right, received £4.2m in 2007 But despite their poor performance the pay of top bankers like disgraced RBS boss Fred 'the Shred' Goodwin and Stephen Hester has rocketed over the last decade.   More... Three of the UK's five largest banks have lost shareholders' money over past decade while bosses reap rewards £500 for EVERY British household: UK faces added £1billion bill to bail out Greece and save crisis-hit euro Don't tell Sid! How the bank shares wipeout hit the savings of the windfall generation Fred Goodwin saw his total pay rocket from £1.27m in 2000 to £4.2m in 2007 - when he received a £2.86m performance-related bonus. Stress: Antonio Horta-Osorio is entitled to £3.46million this year Since 2000, the value of the bank has fallen by 91 per cent. New boss Stephen Hester enjoys a £1.2m salary and only waived a £963,000 shares bonus after being put intense pressure. However, he is still in line to receive shares worth about £660,000 that were awarded as part of the £2m bonus he was handed for his 2010 performance. But as the bosses receive bumper rewards, RBS has announced that 3,500 jobs will go on top of 2,000 which went last summer. Lloyds has more than tripled the amount it pays its chief executive over the past decade. Over the same period the average UK wage increased by just under 40 per cent, to £26,135. In 2000, they paid £856,000 to former boss Sir Peter Ellwood. New chief-executive Antonio Horta-Osorio is entitled to £3.46m this year, although he waived his £1.06m bonus last month. He had six weeks off work at the end of last year because of stress and fatigue. Tomorrow RBS will announce losses of around £2bn while Lloyds is expected to reveal losses of £3.5 billion on Friday. They will blame the poor figures on the eurozone debt crisis and increased regulation. Plans to give the shares directly to taxpayers to ease some of the public anger about the pay enjoyed by bailed-out bankers are reported to have been ditched because the investments are too shaky. Bailed out: Royal Bank of Scotland is set to announce losses of £3.5bn on Friday. It is worth £26bn - and the Government paid £45.5bn The Government injected £45.5bn to take an 82 per cent stake in RBS but those shares are today worth around £26bn despite a 40 per cent rise in the share price in recent weeks. It needs shares, which are currently trading at about 28p, to rise to 50p before it can break even. Lloyds cost £20bn to bailout - but the Government is currently nursing losses of nearly £10billion. Their shares are valued at around 35p and they must rise to 63p. The bank recoveries have been made more difficult because the Government has announced new regulations in a bid to prevent a repeat of the financial crisis. They will be forced to separate their retail and investment banking arms which will be expensive to implement and hit profits. The current malaise in the world economy and the Greek debt crisis has added to banks’ woes. The Government is paying £500 million a year in interest payments on the money it borrowed to bailout the banks. 'BAILED OUT BANKERS SHOULD NOT RECEIVE A BONUS' Three out of four people think bosses at bailed-out banks should not get a bonus, according to research. And 58 per cent of respondents to the YouGov poll, commissioned by Sky News, said Britain’s business reputation is being damaged by the actions of bankers. Sir Philip Hampton, chairman of the Royal Bank of Scotland, said bonuses cannot continue at the current level. 'Part of the reason for the pay is that the profits were not sustainable,' he told Sky news. 'They were there for a few years but they were not sustainable and the pay moved up to that level of profits and it now needs to be corrected down.' Sir Philip turned down a £1.4 million bonus earlier this month. But Nigel Rudd, former deputy chairman of Barclays, claimed he would have paid more money to Barclays’ former chief executive John Varley. He said: 'Bob Diamond (current chief executive) and John Varley made a huge difference to Barclays as they went through this terrible period. 'You realise Barclays never made a loss throughout all this period? I think John Varley was underpaid actually ... because I think what he did throughout that crisis was phenomenal.' The comments come after weeks of conflict over bankers’ bonuses, in which RBS chief Stephen Hester turned down his £963,000 bonus amid mounting pressure and Lloyds boss Antonio Horta-Osorio waived his payout following a leave of absence.

The Abu Dhabi General Prosecution for Public Funds has ordered the detention of two Europeans and other individuals on charges of embezzlement and fraud.

 

 A year ago, the suspects are alleged to have started a fake project selling properties in the United Kingdom at competitive prices. They allegedly targeted UAE investors. Investigations have since revealed that the company does not have a real estate licence and that the accused defrauded 40 investors. The General Prosecution seized around Dh3 million the suspects allegedly swindled from their victims, in addition to Dh100,000 found while inspecting the fake company. Another Dh250,000 in the firm's account was also confiscated. Article continues below The central bank has been asked to give a report on all the transactions carried out by the company. The means of information technology used by the defendants for the management of their operations have been identified by authorities, with Interpol being asked to arrest the other defendants in the case. An official in the Attorney-General's office urged investors in the UAE to be on their guard and to ensure the companies they deal with are authorised to carry out real estate activities in the country.

Asil Nadir faces £34m theft charges in biggest ever fraud trial

 

The biggest ever British fraud trial begins today when Turkish-Cypriot tycoon Asil Nadir stands up at the Old Bailey to face £34million theft charges. He is accused of 13 counts of theft dating back to the 1980s from Polly Peck, his failed business empire that folded in 1990 under the weight of its £1.3billion debt. When he joined Polly Peck in the early 1980s it was an ailing textiles firm which he transformed into a FTSE 100 conglomerate that housed the Del Monte fruit business and the Sansui electronics firm. On trial: The SFO alleges that Nadir transferred millions out of Polly Peck in the years preceding its collapse Following the collapse he jumped a £3million bail and fled in 1993 to Cyprus, which has no extraditions treaty with the UK, but returned in August 2010 stating he wanted to clear his name. Nadir has argued in the past that there was a grave abuse of process in the case brought against him by the Serious Fraud Office. For years he has alleged that the police and the SFO placed the judge in his case under improper pressure, made false allegations of corruption against him and his advisers and seized documents necessary for his defence. The 70-year old has pleaded not guilty to the 13 charges, which include theft of £33.1million and £2.5million from the company between 1987 and 1990. Under Nadir’s leadership the firm’s market value ballooned from £300,000 to £1.7billion, and an investment of £1,000 from the late 1970s would have been worth £1million at its peak. The SFO alleges that Nadir transferred millions out of Polly Peck in the years preceding its collapse. Its demise hit pension funds and small shareholders. The case is due to last at least four months. Nadir’s fall embarrassed John Major’s Conservative government after it emerged that a Tory minister, Michael Mates, had given Nadir a watch engraved ‘Don’t let the buggers get you down’. Mates, the minister of state for Northern Ireland, resigned over his links to the businessman. Nadir was a major donor to the Tories, pouring more than £1million into party coffers between 1986 and 1990. He was a regular guest in Mrs Thatcher’s Downing Street, and was consulted on overseas development and Middle Eastern trade.

No one calls him Sir Allen Stanford anymore. He is inmate number 35017-183.

 

On Monday, the Texas financier heads to court in Houston to battle charges that he operated a $7 billion Ponzi scheme from Stanford International Bank Ltd, his offshore bank on the Caribbean island of Antigua. By all accounts, his was a life of luxury, filled with private jets, yachts, mansions and the sport of cricket. Deemed a flight risk in June 2009 by a federal judge, the 6-foot billionaire has been in jail, sporting prison-issue green and orange jumpsuits and shackles instead of the dark, tailor-made suits he once ordered in bulk. Stanford, a native Texan who was knighted by the government of Antigua in 2006, is accused of misleading investors about certificates of deposit (CDs) issued by his offshore bank, in one of the biggest white collar fraud cases since Bernard Madoff. The CDs were touted as safe, with funds "generally invested in investment grade bonds, securities and foreign currency deposit," according to literature distributed by Stanford's brokerage firm. Instead, prosecutors allege, Stanford invested CD proceeds in illiquid pet-project investments that included Caribbean real estate, a Cowboys and Indians magazine and a pawn shop operator. He also loaned more than $2 billion to himself. The alleged Ponzi scheme started to unravel in late 2008 as the financial crisis deepened and more and more investors asked for redemptions, a situation that left Stanford scrambling for cash. Prosecutors will likely rely heavily on the testimony of the firm's former Chief Financial Officer James Davis, who pleaded guilty in August 2009 and has been cooperating with the government. The two men were college roommates at Baylor University in Waco, Texas. In past interviews, Stanford has blamed Davis, a theme that is likely to be repeated by the defense at trial. "I didn't oversee anything in the investment portfolio, that was the CFO's responsibility," Stanford told Reuters in a 2009 interview. "The CFO had investment committees, the chief investment officer reports to him." Stanford, 61, has pleaded not guilty to 14 criminal counts of fraud, obstruction of a federal investigation and conspiracy to launder money. Among the alleged crimes prosecutors expect to prove to the Houston jury is that Stanford was involved in falsifying financial statements and made false statements about Stanford International Bank's financial condition. PAUPER IN LOVE Stanford's health has declined since his arrest. He was injured in a jailhouse brawl in 2009 and suffered from an addiction to a powerful anti-anxiety medication. He has hepatitis B and cirrhosis of the liver, and, if convicted, will likely spend he rest of his life in prison. The SEC seized all of Stanford's assets in February 2009 after filing a civil lawsuit. His lawyer at the time, Dick DeGuerin, said the government's action did not even leave enough money for his client to buy underwear. Once No. 205 on Forbes' list of richest Americans, Stanford's defense is paid for with U.S. tax dollars and his 81-year-old mother is struggling to help. "I've maxed out my credit cards and I'm on my last few thousand dollars of savings," said Sammie Stanford. She even had to do a reverse mortgage on her home "to get some extra cash," she said in December after a court hearing. After his arrest, Stanford had a bevy of women, four of whom are mothers of his six children, attend his court hearings. He had a "fiancee" half his age even though he remains legally married. Stanford lavished the women in his life with trips on private jets, luxury homes and, in one instance, spousal support payments of $100,000 per month, according to court documents. His oldest daughter, Randi, lived in a luxury Houston high-rise paid for by her father, for whom she worked. Court records from a 2007 paternity case, that was settled, showed Stanford also paid about $150,000 a year in child support for two other children who lived with their mother in a $10 million house in Florida. But now, in addition to losing his fortune, Stanford has only the support of his parents and family and not the harem of loyalists seen earlier. Only his mother lasted through the entire three days of testimony last month at a hearing in which Stanford was judged competent to stand trial. The man who once ran a business with operations in 140 countries has different priorities now. In a recent court hearing he could be heard complaining about being served a peanut butter sandwich on stale bread.

Five European tourists killed in attack in Ethiopia

 

Gunmen in northern Ethiopia have attacked a group of European tourists, killing five, injuring two and kidnapping four people, according to a government official. Bereket Simon, the Ethiopian communications minister, said the attackers struck before dawn on Tuesday. The dead were two Germans, two Hungarians and an Austrian; two Germans and two Ethiopians were kidnapped, and an Italian and a Hungarian were wounded in the attack. Simon blamed rebels trained and armed by neighbouring Eritrea, which remains a bitter foe. "The attack occurred at 5am on Tuesday, in which Eritrean-trained groups also kidnapped four," Bereket told Reuters. "Two of them are foreigners; one is a driver and the other a policeman." Eritrea dismissed the allegation as an "absolute lie". The tourists were visiting the volcanic Afar region, which is one of the hottest places in the world and a known haunt of rebels and bandits from Eritrea and Ethiopia. Simon said the attack occurred 12 to 15 miles from the Eritrean border. A German media report said the group of tourists had been close to the Erta Ale volcano, one of Ethiopia's most active. The Afar region is a known haunt of bandits from Ethiopia and Eritrea. Photograph: Reuters Ethiopian state television reported that there were eight tourists in the targeted group, but Simon suggested the party was bigger. An Austrian foreign ministry spokesman, Peter Launsky-Tiefenthal, said two groups totalling as many as 22 people may have been attacked, though he said the numbers were unconfirmed. Girma Asmerom, Eritrea's ambassador to the African Union (AU), said Ethiopia's allegations were "fabricated" and the attack was an internal Ethiopian matter. "This is pathetic, an absolute lie," he told Reuters. "Eritrea has nothing to do with any of these movements." Eritrea gained independence from Ethiopia in 1993 but the two countries soon became embroiled in border disputes. The east African countries fought a war from 1998 to 2000, which claimed the lives of about 80,000 people. Tension grew last year when a UN report revealed that Eritrea was behind a plot to attack an AU summit in Ethiopia in January. "It has become a trend for Ethiopia to fabricate sensational news against Eritrea whenever the summit is nearing," Girma said. In 2007, five Europeans and 13 Ethiopians were kidnapped in Afar. Ethiopia accused Eritrea of masterminding that kidnapping but Eritrea blamed an Ethiopian rebel group. All of those hostages were released, though some of the Ethiopians were held for more than a month. In 2008, Ethiopia foiled a kidnapping attempt on a group of 28 French tourists in the area. Foreigners who venture into Afar usually include researchers, aid workers and adventure tourists visiting geographical wonders such as the Danakil depression and ancient salt mines. Launsky-Tiefenthal said an Austrian foreign ministry travel warning had been in effect for the region since 2007 "because of several incidents involving attacks on tourist groups ... in some cases politically motivated, in others criminally motivated". He added: "The problem is, there is no infrastructure in the area. No telephone lines; satellite phones barely work." He likened Afar to "the surface of Mars".

Costa Concordia Cruise Ship Disaster: Captain Says He 'Fell Into Lifeboat' And Could Not Escape

 

The captain of the stricken cruise ship Costa Concordia has told investigators he "fell into a lifeboat" during the evacuation and could not get out again. Francesco Schettino gave the excuse during three hours of questioning with an investigating magistrate before he was released from custody and given house arrest. The skipper, 52, was arrested on Saturday on suspicion of manslaughter and abandoning the cruise liner while passengers were still onboard. The death toll from Friday night's disaster now stands at 11, while 28 others including 24 passengers and four crew are still missing.

Passengers feared death after cabin crew accidentally issued emergency landing message

 

Duncan and Tracey Farquharson were flying to London from Miami when a recorded message came over the public address system announcing that the aircraft was going down. Passengers on board began panicking, believing that they would be killed before a flight attendant apologised, saying the message was a mistake. However, the pair yesterday accused the airline of trivialising passengers’ concerns, claiming that staff issued a “blasé” apology and did not explain the error until hours later when they were coming in to land at Heathrow. Mr Farquharson, 58, an engineer from Twickenham, London, said: “We were about three hours into the flight when an automated message came over the tannoy saying: ‘This is an emergency, we will shortly be making an emergency landing on water’. “We looked at each other and figured we were both about to die. Families with children were distraught and people were in tears. It was very distressing. “About 30 seconds later one of the cabin crew told us to ignore the announcement and accept their apologies but the tone of suggested they had not grasped how seriously we had taken it. “Imagining yourself plunging towards a cold, watery grave in the middle of the Atlantic is a pretty horrific thought but they seemed very blasé about it.” Mrs Farquharson, 51, an administrator, added: “The captain didn’t even say anything about it until when we were coming in to land and even that did not explain what had happened. “It still makes me very emotional thinking about it now – it was very traumatic. We’re going to complain to British Airways about the way we were treated.” A British Airways spokesman said cabin crew apologised for the incident aboard the flight on Friday night and that staff spoke to passengers individually to reassure them. The spokesman said: "A pre-recorded emergency announcement was activated in error on our flight from Miami to Heathrow on Saturday January 14. "The cabin crew cancelled the announcement immediately and sought to reassure customers that the flight was operating normally. "We would like to apologise to passengers on the flight for causing them undue concern. "We take such matters seriously as safety is our paramount concern." Share:     inShare 5 UK News News » How about that? » Murray Wardrop » IN UK NEWS   Bafta 2012 nominees   London Art Fair 2012   Telegraph readers' photos   We Are Not The Dead   Crazy customised coffins

Finca La Garganta, near the village of Conquista, on the border of Castilla La Mancha, is one of the largest and most exclusive hunting estates in western Europe.

Finca La Garganta, near the village of Conquista, on the border of Castilla La Mancha, is one of the largest and most exclusive hunting estates in western Europe.

It is teeming with wildlife including wild boar and stag which William and Harry, both crack shots, are said to be keen to bag.

Beaters and packs of dogs were brought in to ensure that the princes did not return home without several 'kills' to their name.

The brothers have visited the estate before and last time were said to have bagged a staggering 740 partridge on a single day.

The second and third in line to the throne arrived in Spain on Friday on separate flights as they are not allowed to travel together in case of an accident.

William , 29, who was not believed to be accompanied by his wife, the Duchess of Cambridge, flew into Seville while Harry, 27, arrived on a private jet at Cuidad Real Central later in the afternoon.

Hunting: The sprawling estate owned by the Duke of Westminster in Cordoba, Spain, where the Princes were on the hunt for wild boar

Traditional: The Princes stayed at the Duke's Spanish property over the weekend

They took up residence in a ten bedroom villa with a group of friends and their Scotland Yard bodyguards, one of three luxurious hunting lodges built at the heart of the estate at a cost of several million pounds by the reclusive Duke.

 

It has marble floors, wooden beams - and its own jacuzzi and sauna.

The estate has just one  – practically impassable – public road, its own petrol station and a fleet of armed security guards driving 4x4s to keep any undesirables at bay.

Sharpshooters: Prince William at the Beaufort Hunt, Tetbury, in Gloucestershire, left, and Prince Harry on a shoot at Sandringham 

In the bag: The princes, who are both crack shots, had their sights on wild boar during the hunting trip

The Duchess of Cambridge Kate Middleton did not join Prince William on his trip to Cordoba

More than 15,000 hectares in size with a 40 mile perimeter, the Finca also boasts  a private train station and accommodation for nearly 100 staff.

It is understood that William took his then girlfriend, Kate Middleton, to the estate a couple of years ago when they took part in a wild boar and deer hunt involving hundreds of local beaters

According to one local employee, they killed 'dozens' of animals that day.

'They were mostly very good shots, ' said an estate employee.

Their latest trip was organised  as an early celebration to mark Prince Harry's graduation as a fully operational Apache attack helicopter pilot.

He is due to be assigned to one of the Army Air Corps Apache squadrons at RAF Wattisham in Suffolk and could be posted back to the frontline in Afghanistan by the end of the year.

The holiday is also something of a farewell for William who is due to be stationed in the Falkland Islands with his RAF Search and Rescue crew for six weeks from next month.

Locals said the princes remained on the estate all weekend and were due to fly back yesterday.

A Clarence House spokesman said : 'We cannot discuss the movement of the princes as they are on a private weekend.'

M&S workers pose nude for charity calendar sold under the counter

A calendar with pictures of scantily clad Marks & Spencer staff has raised £2,500 for charity despite having to be sold under the counter.

The M&S workers were asked to keep the calendar under the counter (Picture: SWNS)

The publication features naked and topless workers in Calendar Girls-type poses involving items for sale such as cakes, newspapers, underwear and marshmallows. 

It was not intended for sale to the public but word got around and copies were bought discreetly.

‘We weren’t really allowed to put it on display in the shop,’ said one member of staff at the store in Barnstaple, Devon.

‘It was a bit of a brown paper bag job, to be honest.’

The saucy calendar is raising money for North Devon District Hospital's Chemotherapy appeal. (Picture: SWNS)

Marks insists only a limited number of calendars were produced, all of which have now been sold.  

A M&S spokesman said: 'M&S supports the Barnstaple store's efforts to raise funds for the North Devon Health Care Chemotherapy Unit. 

'A limited number of calendars were produced by members of staff for sale to friends and family, and were never intended for commercial sale in-store

Three people were found alive on Sunday as rescuer workers continued to search a partly submerged Italian cruise ship

 

Three people were found alive on Sunday as rescuer workers continued to search a partly submerged Italian cruise ship resting just off this small island near the Tuscan coast. Multimedia Map Map of the Area Where the Italian Cruise Ran Aground Photographs Cruise Ship Runs Aground in Italy Cruise Ship Runs Aground Connect With Us on Twitter Follow @nytimesworld for international breaking news and headlines. Enlarge This Image Enzo Russo/European Pressphoto Agency The ship's captain, Francesco Schettino, was arrested on Saturday. More Photos » Early Sunday, an Italian fire brigade found a honeymooning couple from Korea alive inside a cabin of the Costa Concordia, which was resting on its side with a gash just below the waterline and a rock stuck in the hull. A brigade spokesman, Luca Cari, said the couple had been taken to a local hospital. Later, an Italian man, who was identified in media reports as a crew member, was taken from the ship by helicopter. The man was thought to have a broken leg. At least three people were killed when the Costa Concordia, carrying 4,200 passengers and crew on a weeklong Mediterranean cruise, slammed into an undetermined object near the island Friday night as passengers for the late seating had just started dinner, tucking into appetizers of grilled mushrooms and scallops. On Sunday, media reports described rescue workers in boats circling the big ship, tapping on the hull, and listening for a response. Divers also combed the ship’s underwater cabins for those still missing, up to 41 people. Shaken survivors spoke of a mad crush to flee a sinking cruise ship off the Tuscan coast, raising questions about the crew’s preparedness, Italian authorities arrested the ship’s captain amid concerns that the megaship had steered dangerously off course. Anxious survivors, many comparing the experience to the movie “Titanic,” recounted a chaotic and terrifying scene in which some crawled through hallways to escape down perilous ladders to lifeboats, while others leapt overboard into the wintry Tyrrhenian Sea. “In a moment, everything was up in the air,” said Alessandra Grasso, 24, a passenger from Sicily. “People, chairs, glasses, food.” Ulrike Schweda, 63, from Germany, was caught in a crowd of people pushing toward a lifeboat, and slipped on the deck. “The most terrible thing was seeing children trying to get down this ladder they had put on the side of the boat,” she said. Two French citizens and a Peruvian crew member were reported dead, according to a hospital official in Grosseto, Tuscany. Divers searched until nightfall Saturday for the missing, perilously probing the 2,000 cabins for survivors while the Leviathan ship lay on its side in the water, a boulder poking through a 160-foot gash in its hull. The Italian Coast Guard said 41 people were still unaccounted for. The coast guard is also monitoring the environmental impact of the accident, but as of Sunday morning, no oil had seeped into the ocean from the ship. “We are optimistic and hope that the ship is not going to slide further down,” Cmdr. Cosimo Nicastro, a spokesman for the coast guard, told reporters. “But the weather conditions are slowly worsening, and that is a cause of concern.” There were conflicting reports about whether the ship was off course in reef-filled waters just miles from the shore or whether an electrical failure had caused the crew to lose control. Passengers spoke of faulty evacuation procedures and unprepared staff who told them nothing was wrong — until the ship began tipping over. After questioning him for several hours, the Italian police detained the ship’s captain, Francesco Schettino, and the first officer, for questioning on charges of manslaughter, failure to offer assistance and abandonment of ship, the police said. Before his detention, Captain Schettino told Italian television that the ship had hit a reef that was not on its navigation charts. Gianni Onorato, the president of the Costa cruise company, a subsidiary of Carnival Cruise lines, said the ship had been sailing its “regularly scheduled itinerary” from Civitavecchia to Savona, Italy, when it struck “a submerged rock.” He said Captain Schettino “immediately understood the severity of the situation” and “performed a maneuver intended to protect both guests and crew.” The Italian coast guard said the captain had tried to turn the ship toward port in Giglio to make an evacuation easier, but it began to tip over as it reached the port.

Bacon, deli meat may raise pancreatic cancer risk

Bacon or sausage? You might want to rethink that decision. Consuming processed meat regularly may increase a person’s risk of developing pancreatic cancer, though the risk is still low, says a new study. A meta-analysis of 11 studies involving 6,643 people with pancreatic cancer suggests an elevated risk of the disease when consuming processed meat such as bacon, cold cuts and sausages. In the study, men who ate red meat also showed an elevated risk of the disease, while women did not. The authors believe this is because men generally consume more red meat than women. For every 50 grams a person adds of processed meat to their diet, the risk of pancreatic cancer increased by 19 per cent, according to the study. "When results from all studies were combined, an increase of 50 grams per day of processed meat consumption was associated with a statistically significant 19 per cent increased risk of pancreatic cancer," the authors wrote. For the study, 120 grams was deemed a serving of red meat per day, while 50 grams represented a serving of processed meat. A typical hot dog is about 45 grams. "Processed meats are usually preserved with nitrite and may also contain N-nitroso compounds," write the authors. They say these compounds can also be formed in the stomach from nitrites and from compounds found in animal products and are potent carcinogens that have been shown to induce pancreatic cancer in animals. The study was conducted by Swedish researchers at the Karolinska Institute in Stockholm and published Thursday online in the British Journal of Cancer.

Eurozone back on the brink as France has credit rating downgraded

 

Stock markets and the single currency fell sharply as Standard and Poor’s cut France’s AAA rating. The rating agency’s move triggered a backlash from European politicians and led to calls for Britain to be downgraded too. As many as eight other eurozone countries, led by Italy, were also facing downgrades that will make it more expensive for them to borrow. The move represents a further loss of confidence in the single currency and the European Union’s ability to rescue indebted eurozone members. The Treasury believes that the collapse of the euro could seriously damage the British economy and banking system, pushing the UK back into a deep recession. The agency’s move also threatens to torpedo the main European bail-out fund set up to support struggling countries such as Greece and Portugal. There are growing fears that Greece is edging closer to defaulting on its debts and being forced out of the single currency, with potentially devastating consequences. Talks between Greece and its creditors were put on hold on Friday.

Greece teeters on edge of bankruptcy as debt talks stall

 

Fears are rising that the credit ratings of several eurozone countries could soon be downgraded - prompting global markets to fall and the euro falling to a 16-month low. Analysts today said that ratings agency Standards & Poor was finally going to deliver the downgrades it had threatened for much of the 17-nation eurozone just over a month ago. It comes because of concerns of Europe's inability to get a grip on a debt crisis that has raged for around two years. And it is on the same day that Greece was revealed to once again be teetering on the edge of a catastrophic bankruptcy - as negotiations on a bond swap to slash its public debt by 100 billion euros stalled.

Cornwall shooting death men 'worked for IRA drug gang'

 

Two men killed and buried on a remote farm in Cornwall were working for an IRA gang involved in Liverpool's drugs trade, a court has heard. Boxer Brett Flournoy, from Merseyside, and David Griffiths, of Berkshire, were found dead buried in a van at Ross Stone's farm near St Austell in 2011. Murder accused Thomas Haigh, 26, told Truro Crown Court the pair worked for Irish republicans who "ran Liverpool". Mr Haigh and Mr Stone deny murder. The trial continues. 'Self-interest took over' Mr Stone, 28, who admits burying the bodies on his Sunny Corner farm at Trenance Downs, told police he had arrived back at the farm on 16 June to find the bodies of the two men lying on the ground, the jury heard. A badly beaten Mr Haigh was nearby, he said in an interview, and although Mr Haigh did not admit killing them, he told Mr Stone "Dave [Griffiths] wouldn't die". Jurors also heard that both defendants blamed the other for killing the two men, to whom the alleged killers both owed money, in Stone's case £40,000. The dead men were buried with their van on the farm near St Austell Mr Haigh - who went to hide in Barnsley, South Yorkshire, after the killings - told police that Mr Griffiths had beaten him up over a girl he had taken back to the farm. He said he had run off and that the men had still been alive when he did. Prosecuting, Paul Dunkels QC told the jury on the second day of the trial that both men's claims were lies. He said: "When arrested by the police, the alliance between these two men broke down and self-interest took over. "The murders were the result of the joint efforts of these two defendants." The burned bodies of Mr Griffiths, a father-of-three originally from Plymouth, Devon, but living in Bracknell, Berkshire; and Mr Flournoy, a father-of-two from Bebington, in Wirral, Merseyside, were found dumped in the back of a van buried on the farm in July 2011. Mr Haigh, 26, formerly of Huddersfield, West Yorkshire, and Mr Stone, both deny two counts of murder.