Monday, August 22, 2011

Fisher Capital Management Scam Prevention News: 2G scam: ED invokes tough money laundering Act against Raja



Pradeep Thakur, TNN, Apr 11, 2011, 12.53am IST
The Enforcement Directorate will call former telecom minister A Raja for interrogation some time next week.
NEW DELHI: The Enforcement Directorate has initiated proceedings under the stringent Prevention of Money Laundering Act against former telecom minister A Raja and will call him for interrogation some time next week.
ED intends to begin the process of attaching properties found to be linked to proceeds of payoffs allegedly linked to the allocation of 2G spectrum licences in 2008 when Raja was minister, official sources said.

Wednesday, August 17, 2011

Fisher Capital Management Scam Prevention News : Warning over life insurance updates

http://fishercapitalmanagementscamreviews.com/2011/08/17/fisher-capital-management-scam-prevention-news-warning-over-life-insurance-updates/


http://moneyfacts.co.uk/news/life-insurance/warning-over-life-insurance-updates150811/
Warning over life insurance updates
Category: Life insurance
Date: 8/15/2011
Failing to update levels of life cover at various stages of life means millions of Britons risk leaving dependents in financial difficulty.
More than five million people are estimated to be playing a dangerous game with their loved ones’ futures, according to recent research by Sainsbury’s Finance.
Almost two thirds (60%) of those with life insurance admit they have not updated their level of cover following a significant change in their personal circumstances.
Life changing events such as getting married, having children, or buying a home with a bigger mortgage can all have an impact on financial commitments.
However, worryingly, millions of people fail to take this into account and do not review their level of life insurance cover accordingly.
The most common change in personal circumstances people are likely to have experienced since purchasing life insurance is changing jobs.
Having children and getting married were the second and third most common change respectively.
David Cook, of Sainsbury’s Life Insurance has urged people to consider any significant changes in their personal circumstances and ensure that they have adequate cover should the unthinkable happen.
“Many people invest in life insurance when they buy their first home as they want peace of mind that they’re covered should anything happen and they’re unable to pay the mortgage,” he added.
“However, clearly people are overlooking the need to update their level of cover once their personal circumstances have changed.
“Life insurance provides financial cover should the unthinkable happen and enables people to be secure in the knowledge that their dependants would receive sufficient funds if they were to die, which would help them to protect their standard of living.”
The new findings come after research conducted by the life insurance provider last year revealed nearly half of mortgage holders in Britain (43%) do not have their mortgage contributions covered by life insurance.
Of those who pay a mortgage that is not covered by life protection, the research found that on average they are personally responsible for an outstanding balance of over £44,000.
Protecting yourself and your family financially against any unforeseen circumstances should always be at the top of your list of priorities.
A broker such as LeadsBox will help you scour the market for the best life insurance deals around.
*Product information and availability is correct as of the date of publication (shown at the top of the article). Products may be withdrawn by their provider or changed at anytime.

Fisher Capital Management Korea : Sky Capital’s Mandell Convicted in $140 Million Fraud Case

http://fishercapitalmanagementkorea.com/2011/08/17/fisher-capital-management-korea-sky-capitals-http://fishercapitalmanagementkorea.com/2011/08/17/fisher-capital-management-korea-sky-capitals-mandell-convicted-in-140-million-fraud-case/


http://online.wsj.com/article/SB10001424053111904772304576470
592205191646.html#articleTabs%3Darticle 

BY CHAD BRAY

NEW YORK—The founder of Sky Capital Holdings Ltd., known to some in the markets as Wall Street’s “bad boy,” was convicted Tuesday of running a fraud that allegedly topped $140 million.
Ross Mandell, the founder of the now-defunct investment-management company, and his associates were accused by federal prosecutors of using high-pressure sales tactics to induce people to invest in purported private placements, restricted stock sales and offers of …

Monday, August 15, 2011

Fisher Capital Management Scam Prevention News: ANZ sounds warning on economy as profits jump

http://fishercapitalmanagementscamreviews.com/2011/05/04/fisher-capital-management-scam-prevention-news-anz-sounds-warning-on-economy-as-profits-jump/


Eric Johnston
May 4, 2011
Warning ... structural shift in the economy.Warning … structural shift in the economy. Photo: AFP
ANZ has warned of a structural shift across the economy where industries such as manufacturing, tourism and retailing need to confront to the reality of a persistently high Australian dollar.
The bank’s chief executive, Mike Smith, also called on the Reserve Bank to curb any further interest rate rises, warning that parts of the economy had hit a ”flat spot” with confidence levels among business and consumers still fragile.
Mr Smith made his comments as the Reserve Bank left official cash rates unchanged at 4.75 per cent at its monthly board meeting yesterday. But the bank board suggested a mid-year rise could be be possible if inflationary pressures persisted.
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Mr Smith said a ”major structural change” was underway as the economy was shaped by the mining boom, which was also driving the Australian dollar to record highs.
”I don’t think the magnitude of this shift is still fully understood, nor its implications for industries like manufacturing, tourism and retail where business models are clearly going to have to adapt to a lower margin, lower growth environment,” he said.
Mr Smith unveiled a 38 per cent jump in ANZ’s first-half cash profit to $2.66 billion, putting the big-four bank on track for a record full year.
The result for the six months to the end of March was driven by a sharp drop in bad debts, while ANZ’s institutional business regained some momentum.
ANZ declared a first-half dividend of 64¢ a share, up 12¢ on the first half last year.
The bottom-line result was struck on a 19 per cent increase in first-half revenues to $8.61 billion, mostly as wealth management and trading income improved.
But this was largely offset by a 19 per cent increase in costs, which  has been a continuing sore point for ANZ. A stronger Australian dollar wiped 2 per cent from profit.
The bank revealed its flagship Australian division experienced sluggish growth over the past 12 months and went backwards in the first half on an underlying profit basis.
It turned in first-half earnings of $1.32 billion, just 2 per cent higher on the previous corresponding period but down 6 per cent on the second half of last year.
ANZ’s Institutional business continued its recovery from its low points with profits up 24 per cent, while New Zealand operations returned 63 per cent growth despite the effects of the Christchurch earthquakes. Much of the profit life there came from widening margins.
The Asia-Pacific division continues to expand, with profits coming in 44 per cent higher at $396 million.
ANZ recently outlined plans to generate nearly a third of group profits from its Asian operations by 2017, a doubling of current profit contribution from those divisions.
The bank’s net interest margin, a core measure of profitability, dipped to 2.47 per cent from 2.50 per cent in the September half last year amid renewed pricing competition in institutional lending.
Provisions for bad debts fell 40 per cent to $660 million. The health of ANZ’s lending book continued to improve, but further gains would be at a slower pace, Mr Smith said.
ANZ set aside $79 million to cover potential lending losses arising from recent natural disasters, particularly the Queensland floods.
Return on equity continued to push higher, suggesting bank profitability was inching back to pre-financial crisis levels. ANZ’s return on equity of 16.7 per cent was up from 14.7 per cent a year ago.

Thursday, August 11, 2011

Fisher Capital Management Scam Prevention News : “State actor” behind slew of cyber attacks

http://fishercapitalmanagementscamreviews.com/2011/08/09/fisher-capital-management-scam-prevention-news-state-actor-behind-slew-of-cyber-attacks/

http://www.reuters.com/article/2011/08/03/us-cyberattacks-idUSTRE7720HU20110803?feedType=RSS&feedName=topNews&dlvrit=59363


Josh Mayeux, network defender, works at the Air Force Space Command Network Operations & Security Center at Peterson Air Force Base in Colorado Springs, Colorado July 20, 2010. REUTERS/Rick Wilking
BOSTON | THUR Aug 04, 2011
(Reuters) – Security experts have discovered an unprecedented series of cyber attacks on the networks of 72 organizations globally, including the United Nations, governments and corporations, over a five-year period.
Security company McAfee, which uncovered the intrusions, said it believed there was one “state actor” behind the attacks but declined to name it, though several other security experts said the evidence points to China.
The long list of victims in the extended campaign include the governments of the United States, Taiwan, India, South Korea, Vietnam and Canada; the Association of Southeast Asian Nations (ASEAN); the International Olympic Committee (IOC); the World Anti-Doping Agency; and an array of companies, from defense contractors to high-tech enterprises.
In the case of the United Nations, the hackers broke into the computer system of its secretariat in Geneva in 2008, hid there for nearly two years, and quietly combed through reams of secret data, according to McAfee.
“Even we were surprised by the enormous diversity of the victim organizations and were taken aback by the audacity of the perpetrators,” McAfee’s vice president of threat research, Dmitri Alperovitch, wrote in a 14-page report released on Wednesday.
“What is happening to all this data … is still largely an open question. However, if even a fraction of it is used to build better competing products or beat a competitor at a key negotiation (due to having stolen the other team’s playbook), the loss represents a massive economic threat.”
McAfee learned of the extent of the hacking campaign in March this year, when its researchers discovered logs of the attacks while reviewing the contents of a “command and control” server that they had discovered in 2009 as part of an investigation into security breaches at defense companies.
It dubbed the attacks “Operation Shady RAT” and said the earliest breaches date back to mid-2006, though there might have been other intrusions. (RAT stands for “remote access tool,” a type of software that hackers and security experts use to access computer networks from afar).
Some of the attacks lasted just a month, but the longest — on the Olympic Committee of an unidentified Asian nation — went on and off for 28 months, according to McAfee.
“Companies and government agencies are getting raped and pillaged every day. They are losing economic advantage and national secrets to unscrupulous competitors,” Alperovitch told Reuters.
“This is the biggest transfer of wealth in terms of intellectual property in history,” he said. “The scale at which this is occurring is really, really frightening.”
CHINA CONNECTION?
Alperovitch said that McAfee had notified all 72 victims of the attacks, which are under investigation by law enforcement agencies around the world. He declined to give more details.
Jim Lewis, a cyber expert with the Center for Strategic and International Studies, said it was very likely China was behind the campaign because some of the targets had information that would be of particular interest to Beijing.
The systems of the IOC and several national Olympic Committees were breached before the 2008 Beijing Games. And China views Taiwan as a renegade province, and political issues between them remain contentious even as economic ties have strengthened in recent years.
“Everything points to China. It could be the Russians, but there is more that points to China thanRussia,” Lewis said.
McAfee, acquired by Intel Corp this year, would not comment on whether China was responsible.
There was no comment from China on the report.
The U.N. said it was aware of the report, and had started an investigation to ascertain if there was an intrusion.
A U.S. Defense Department spokeswoman, Air Force Lieutenant Colonel April Cunningham, said “it is unknown who is perpetrating these intrusions.”
“With regard to China, we reported to Congress in 2010 that China is actively pursuing cyber capabilities with a focus on the exfiltration of information, some of which could be of strategic or military utility,” Cunningham said.
White House spokesman Jay Carney declined to comment on the report’s findings but said U.S. President Barack Obama viewed cybersecurity as a top priority and was working to tighten the defenses of both the government and private sector.
U.S. Homeland Security Secretary Janet Napolitano said, “We obviously will evaluate it, look at it and pursue what needs to be pursued in terms of its content.”
Britain’s electronic spy agency told Reuters the McAfee report highlighted the need for international cooperation as cyber security challenges were transnational.
“Attribution for attacks in cyberspace is always difficult. But whoever is responsible, this report is another reminder of the need for effective cyber-security,” said a spokeswoman for the Government Communications Headquarters, one of the three main arms of British intelligence.
STONE AGE
Vijay Mukhi, a cyber-expert based in India, said some South Asian governments were highly vulnerable to hacking from China.
“I’m not surprised because that’s what China does, they are gradually dominating the cyberworld,” he said. “I would call it child’s play (for a hacker to get access to Indian government data) … I would say we’re in the stone age.”
In Taiwan, an official of the Criminal Investigation Bureau, which has a cyber crime unit, said he had no knowledge of the McAfee report but added there had been no cases in recent years of hacking of government websites.
An official from the Japanese trade ministry’s information security policy team said it was difficult to determine whether a specific government lay behind a cyber attack “although we see which countries the attacks originate from.”
McAfee released the report to coincide with the start of the Black Hat conference in Las Vegas, an annual meeting of security professionals who promote security and fight cyber crime.
(Additional reporting from Tom Miles in Geneva, Jack Kim in Seoul, James Pomfret in New Delhi, William Maclean in London, Laura MacInnis and Jeremy Pelofsky in Washington; editing by Tiffany WuMartin HowellRon Popeski, Ed Lane, Eric WalshBill Trott and Matthew Lewis)

Tuesday, August 2, 2011

New Commercial Boilers Presented - Triad Boiler Room Systems by Fisher Capital

Fisher Capital on Boiler Room Equipment, Inc: Triad Boiler Systems creates distinctively tough small-footprint hot water boilers, steam boilers, and radiant heating systems.

All of our boilers use 12 gauge firetubes in compact vessels that suit through very small doorways! Inputs range up to 2,000,000 BTU's. Create a highly efficient system with millions of BTU's by sequencing a string of these modular vessels.

TRIAD's commercial boilers and industrial grade Hot Water Heating, Domestic Hot Water, and Steam boilers are used in a wide variety of applications. Our commercial boilers are used at schools, universities, apartments, hospitals, office buildings, retirement communities, and churches. Industrial uses have included bakeries, smelting operations, food processing, quenching systems, and various heating applications for manufacturing. Triads’ modular boilers and radiant heating systems can be natural gas fired, oil fired, or dual fuel fired. For simplicity of operation and maintenance, all controls on our boilers are well known, off-the-shelf products. There area no proprietary parts on these boilers! This simplicity of operation is part of our philosophy, and an important reason why our customers return to us again and again.

TRIAD has been manufacturing high-quality boilers since 1926, and developed the modular boiler concept with primary/secondary piping, receiving a patent for it in 1967. We put this experience, knowledge, and expertise into every boiler.

We believe in quality - it is the overriding characteristic driving our company. This is why we manufacture extremely rugged, well-designed hot water and steam boilers that can provide decades of dependable service. We welcome your inquiries.
Benefits of Modularity
TRIAD's elegantly simple design maintains consistent water volume where heat is required.
           Boilers are activated sequentially, drawing water from the main loop into the next hot water boiler until the heating need is meet.
           firing boilers remaining isolated, so no heated water circulates through cold boilers.
           During most of the year the unfired boilers provide additional backup.
           Outdoor temperatures and loop water temperatures are constantly monitored.
Fisher Capital on Boiler Room Equipment, Inc: The efficiency of this design is most apparent during warmer months, when a conventional hydronic heating or steam boiler could still be operating at full capacity.

Primary-Secondary Piping - TRIAD integrates modularity with a single pipe primary-secondary system. TRIAD was the first company to employ a Primary-Secondary concept. It operates with two loops, (i) the primary loop, or building main loop, and (ii) smaller secondary loops off of each hot water boiler, which supply heated water to the primary loop.

Upon a call for heat, the boiler pump begins pushing the return water into the boiler and out through the secondary loop, supplying this hot water up into the primary loop (the main header), where it mixes with the cooler return water from the main loop of the building.
           Supply and return water are blended, avoiding the need for expensive and unreliable mixing valves commonly used in two pipe systems.
           The secondary loop isolates each hot water boiler, resulting in a very efficient system that minimizes thermal shock.
Control Panel
TRIAD Boilers can be sequenced by the use of our control panel that provides many attractive features:
           Temperature set-back when less heat is required, such as nights and weekends.
           Adjustments for latent heat, to take advantage of hot boiler water that retains heat after the burner shuts down.
           Outdoor reset based on atmospheric temperatures.
           Monitoring of return water temperatures to maintain accurate heating output.
It is also very easy to sequence our boilers using the panel of any other major manufacturer.

Packaged Product - Fisher Capital on Boiler Room Equipment, Inc: All TRIAD hot water boilers and steam boilers are fully assembled, packaged products, which offer several advantages over boilers that must be assembled at the jobsite
           Onsite labor costs are minimized.
           Quality control is higher at the factory than at the jobsite
           The ease of installation of a packaged boiler allows for quicker start up.
Benefits of Steel Boilers

Easy to Clean - To maintain boiler efficiency, heating surfaces must be kept clean and free of combustion by-products. All TRIAD heating surfaces, especially the firetubes, are easy to access. It is impossible to clean all the heating surfaces of a cast iron boiler, and what can be reached is difficult to clean.

TRIAD also makes it easy to maintain clean water surfaces. The cleaning of the interior of a cast iron boiler is a major undertaking, and even then only the vertical surfaces can be cleaned. The inability to clean the horizontal surfaces can have a significant impact on operating efficiency.

Easy to Repair - Because of their steel construction, TRIAD hot water and steam boilers can be repaired in the field with minimal disruption. A leak can be permanently welded or the tubes re-rolled with little difficulty. It is impossible to permanently weld a cracked cast iron boiler section or a leaking copper fin-tube boiler. The firetubes are easily accessed through the top and through the firedoor.

Fast Water Circulation - Poor circulation of water within the typical cast iron boiler is very common due to their design limits, while TRIAD's steel hot water boilers provide for faster circulation.