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Melbourne Gang Funneled Bond Scam Millions Through Crypto Exchanges
Four Melbourne men found themselves in handcuffs this week after Australian regulators accused them of washing money from a fake bond scam that fooled investors with professional-looking documents and promises of steady returns. The Australian Securities and Investments Commission (ASIC) charged Dimitrios (James) Podaridis, Peter Delis, Bassilios (Bill) Floropoulos, and Harry Tsalikidis with multiple money laundering offenses. The charges stem from their alleged role in moving victim funds through bank accounts and cryptocurrency exchanges during the first half of 2021. ASIC claims the operation used fake investment ... (full story)
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From @financialjuice|Aug 7, 2025|1 commentJapan Government cuts GDP growth forecast for fy2026 to 0.7% from 1.2% projected in January.
From @financialjuice|Aug 7, 2025|58 commentsKremlin aide Ushakov: Witkoff touched on the idea of a three-way meeting between Putin, Trump and Zelenskiy, but Moscow left it without comment - IFAX
From lsj.com.au|Aug 7, 2025Whether you’re a tax lawyer, a crypto advocate, or crypto-curious, it pays to know the regulatory landscape. A recent case has also raised whether the prospect of defining ...
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From cnbc.com|Aug 7, 2025|2 commentsAfter months of speculation, U.S. President Donald Trump has divulged more of his semiconductor tariff plans, but his latest threats might raise more questions than answers. On ...
From uk.finance.yahoo.com|Aug 7, 2025The Bank of England’s (BoE) next meeting to determine interest rates is on Thursday 7 August, and all eyes will be on the Monetary Policy Committee (MPC) and whether its members ...
From bankofengland.co.uk|Aug 7, 2025|47 commentsThe Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably. At its meeting ending on 6 August 2025, the MPC voted by a majority of 5–4 to reduce Bank Rate by 0.25 percentage points, to 4%, rather than maintaining it at 4.25%. There has been substantial disinflation over the past two and a half years, following previous external shocks, supported by the restrictive stance of monetary policy. That progress has allowed for reductions in Bank Rate over the past year. The Committee remains focused on squeezing out any existing or emerging persistent inflationary pressures, to return inflation sustainably to its 2% target in the medium term. The path of disinflation in underlying dom #BOE *BANK OF ENGLAND CUTS KEY INTEREST RATE TO 4% AFTER 5-4 VOTE - BBG *BOE: 5 VOTED FOR QUARTER-POINT CUT, 4 TO KEEP RATE UNCHANGED *BOE's Taylor Voted For Cut To 3.75%, But Backed Move To 4% In Second Vote *BOE SEES INFLATION PEAKING AT 4% IN SEPTEMBER, UP FROM 3.7%
Bank of England cuts interest rates by a quarter point to 4% as balancing act continues The Bank of England cut interest rates from 4.25% to 4% on Thursday as the central bank resumes a “gradual and careful” approach to lowering interest rates. The BOE was widely expected to trim rates by 25 basis points at its latest monetary policy meeting, but traders and economists were keen to see the breakdown of support for the decision among the bank’s policymakers. As it turned out on Thursday, the nine-member MPC voted by a majority of 5–4 to reduce the key interest rate, the “Bank Rate,” by 25 basis points rather than keeping it on hold. Policy makers have had to weigh up sticky inflation — the consumer pr
