Category: scheme
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UK extends seasonal farm worker scheme for five years as inheritance tax row rumbles on
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In an attempt to alleviate tensions with the agricultural sector, the Minister of Environment Steve Reed is scheduled to emphasize a five -year extension of the UK workers’ plan in the United Kingdom. The advertisement, which is due at the National Union of Farmers (NFU), follows weeks of discontent raised…
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Innovate UK pauses flagship grants scheme for SMEs amid major review
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Innovate UK temporarily suspended the Grants Smart-25 million pounds annually-to fix how to support SMES. The pause of temporary suspension aims to address excessive subscription issues, as success rates are less than 10 percent for applicants, and perhaps low up to 2 percent according to some. Under the current plan,…
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Solana’s Pump.Fun Sued For Alleged Pump-And-Dump Scheme
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The popular Solana-based launchpad Pump.fun is under fire again after a law firm filed a class-action lawsuit against the platform on behalf of investors who lost money on memecoins popularized by Pump.fun. The lawsuit says the platform sells unregistered securities, promotes pump-and-dump schemes, and lacks proper user protections. Solana pump.…
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Solana’s Pump.Fun Sued For Alleged Pump-And-Dump Scheme
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The popular Solana-based launchpad Pump.fun is under fire again after a law firm filed a class-action lawsuit against the platform on behalf of investors who lost money on memecoins popularized by Pump.fun. The lawsuit says the platform sells unregistered securities, promotes pump-and-dump schemes, and lacks proper user protections. Solana pump.…
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10,000 small business leaders enrol in government-backed management training scheme
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More than 10,000 people running small businesses have enrolled in the Help Grow: Management programme, a government-backed training initiative aimed at strengthening leadership and boosting productivity. By September, 10,635 people had signed up, and 7,860 people had completed the 12-week course since its launch in June 2021. The scheme, which…
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Treasury’s bank referral scheme falls flat, securing loans for only 1 in 20 small businesses
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The Treasury’s bank referral scheme, which aims to increase access to finance for small businesses, has come under intense scrutiny after a recent audit revealed it secured loans for just one in twenty referred businesses. Under the scheme, nine major banks are required to refer small businesses that refuse loans…
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Crypto Ponzi Scheme Leader Sentenced to 10 Years by U.S. Court
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David Carmona, founder of cryptocurrency Ponzi scheme IcomTech, received a 10-year prison sentence following a court ruling last week. This development was revealed on October 4 by the US Attorney’s Office for the Southern District of New York. Carmona will spend 121 months in prison for cryptocurrency fraud According to…
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Pepe Unchained raises $14m, announces Ethereum L2 blockchain developer grants scheme
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Pepe Unchained raises $14M in pre-sale, launches Ethereum L2 with dev grants in Q4. Promises 100x faster and cheaper transactions. With $14 million raised in pre-seed funding, Baby Unrestricted (PEPU)…
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Pepe Unchained raises $14m, announces Ethereum L2 blockchain developer grants scheme
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Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only. Pepe Unchained raises $14M in pre-sale, launches Ethereum L2 with dev grants in Q4. Promises 100x faster and cheaper transactions. With $14 million raised in pre-seed funding, Baby Unrestricted (PEPU)…
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Malaysian police arrest 21 in crypto fraud scheme targeting Japanese investors
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Malaysian authorities have foiled a major cryptocurrency fraud scheme targeting Japanese citizens. According to local sources ReportsThe Royal Malaysian Police, also known as PDRM, arrested 21 individuals in connection with the fraud during coordinated raids on two upscale properties in Kuala Lumpur on August 19. The suspects include 16 Chinese…
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Malaysian police arrest 21 in crypto fraud scheme targeting Japanese investors
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Malaysian authorities have foiled a major cryptocurrency fraud scheme targeting Japanese citizens. According to local sources ReportsThe Royal Malaysian Police, also known as PDRM, arrested 21 individuals in connection with the fraud during coordinated raids on two upscale properties in Kuala Lumpur on August 19. The suspects include 16 Chinese…
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SEC Cracks Down On Brothers Behind $60 Million Crypto Ponzi Scheme
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The U.S. Securities and Exchange Commission today charged brothers Jonathan and Tanner Adam with running a company $60 Million Ponzi Scheme Under the guise of an investment opportunity in cryptocurrencies. This case, which dates back to August 27, 2024, shows that challenges still exist for investors in the fast-paced and…
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SEC Cracks Down On Brothers Behind $60 Million Crypto Ponzi Scheme
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The U.S. Securities and Exchange Commission today charged brothers Jonathan and Tanner Adam with running a company $60 Million Ponzi Scheme Under the guise of an investment opportunity in cryptocurrencies. This case, which dates back to August 27, 2024, shows that challenges still exist for investors in the fast-paced and…
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China Extradites Pyramid Scheme Leader
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Chinese authorities have revealed that they have extradited a suspect in a “massive economic crime” with the help of Thai law enforcement. The man is alleged to be the mastermind behind a $14 billion pyramid scheme involving cryptocurrencies, making his extradition the first involving economic crimes between the two countries.…
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Chinese Govt Moves $2B Worth Of Seized ETH From Plus Token Ponzi Scheme
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In a notable development, Chinese authorities have been spotted moving a massive amount of Ethereum (ETH) that was previously confiscated during a crackdown on the infamous Plus Token crypto pyramid scheme. The staggering transfer of ETH, estimated to be worth around $2 billion, has sent shockwaves through crypto exchanges, raising…
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Chinese Govt Moves $2B Worth Of Seized ETH From Plus Token Ponzi Scheme
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In a notable development, Chinese authorities have been spotted moving a massive amount of Ethereum (ETH) that was previously confiscated during a crackdown on the infamous Plus Token crypto pyramid scheme. The staggering transfer of ETH, estimated to be worth around $2 billion, has sent shockwaves through crypto exchanges, raising…
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£4bn lost to fraud and error on flagship HMRC ‘innovation’ scheme
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A government scheme designed to boost innovation and boost the economy has lost more than £4 billion to fraud and error since 2020, due to widespread breaches. The R&D tax credit scheme, which aims to drive world-leading innovation, has been dogged by dubious claims and has turned into what experts…
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Government scheme boosts UK chip start-ups with £10 million funding injection
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The UK government’s ChipStart programme has enabled semiconductor start-ups to secure over £10m in private investment and grants, with nearly £20m in total commitments. This initiative works to promote innovation in various fields, from the efficiency of artificial intelligence to advanced healthcare technologies. Eleven semiconductor start-ups have joined the second…
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Rural electricity scheme losses up to Sh56 billion
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The Rural Electrification Scheme, a non-profit scheme set up by the government in 1973 to expand power access to the rural poor, has accumulated losses of Sh55.9 billion, threatening its sustainability. The plan, run by Kenya Power on behalf of the government, has projected a loss of Sh9.87 billion in…