Go Back   DreamTeamDownloads1, FTP Help, Movies, Bollywood, Applications, etc. & Mature Sex Forum, Rapidshare, Filefactory, Freakshare, Rapidgator, Turbobit, & More MULTI Filehosts > World News/Sport/Weather > Piracy/Warez/Legal/Hackers/Scams & Internet News

Piracy/Warez/Legal/Hackers/Scams & Internet News Anything Related to Piracy, Warez, Legal Matters, Hackers, Internet News & Scams and How it Affects Sites/Members Can Be Read Here. Please do NOT post links to other Sites, but you May Name Them if They are Scam Sites

IMPORTANT ANNOUNCEMENT
Hallo to All Members. As you can see we regularly Upgrade our Servers, (Sorry for any Downtime during this). We also have added more Forums to help you with many things and for you to enjoy. We now need you to help us to keep this site up and running. This site works at a loss every month and we appeal to you to donate what you can. If you would like to help us, then please just send a message to any Member of Staff for info on how to do this,,,, & Thank You for Being Members of this site.
Post New ThreadReply
 
LinkBack Thread Tools Display Modes
Old 27-08-14, 12:28   #1
 
Ladybbird's Avatar
 
Join Date: Feb 2011
Posts: 34,028
Thanks: 22,936
Thanked 12,640 Times in 8,489 Posts
Ladybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond reputeLadybbird has a reputation beyond repute

Awards Showcase
Best Admin Best Admin Gold Medal Gold Medal 
Total Awards: 6

Pirate Police Freeze MEGA-Money Laundering Investigation

Police Freeze Mega Shares in Money Laundering Investigation

27 Aug 2014




While facing an extradition to America for his role in the so-called “Megaupload Conspiracy”, Kim Dotcom launched a new cloud storage venture, Mega.

Now, this new service is being indirectly linked to a crime ring by local authorities.


Today Mega announced that one of its major shareholders William Yan, also known as Bill Liu, is suspected of having connections to a large crime ring. Pending further investigation the police has put the 18.8% share held through Yan’s companies under restraining order.

Yan has not been formally charged and through his lawyer denied any wrong-doing. Mega itself is not believed to be connected to the alleged crimes.

“The Police have commented that their action does not affect any innocent third parties (such as Mega) who have had business dealings with Mr Yan,” Mega CEO Graham Gaylard says commenting on the news.

“Mega has been extremely diligent to ensure that all its operations are fully compliant with all legal and regulatory requirements. Mega does not undertake any illegal activities and does not wish to be associated with any such activity,” Gaylard adds.

Kim Dotcom says that William Yan was properly screened before he became a shareholder. The New Zealand entrepreneur, who himself is accused of money laundering by the United States, said that no alarm bells went off at the time.

“He is an investor who put money into Mega because he believed in it. I had no idea he had any problems or issues,” Dotcom told the Herald.

The news comes at an unfortunate time for Mega, which intends to go public on the New Zealand stock exchange through a backdoor listing. As a result of the restraining order the trading in shares of the backdoor listing vehicle TRS has been temporarily halted.

Despite the problems of its shareholder, Mega’s CEO doesn’t believe the company will be affected. Gaylard stresses that all funds received by Mega were paid by Yan’s lawyers through banks that operate under stringent anti money laundering policies.

“Mega has never had any reason to suspect that such funds resulted from any illegal activity, and the Restraining Order will not affect the operations of Mega,” Gaylard says.

“For us it is business as usual.”
__________________
Nil Carborundum Illegitemi My Advice is Free My Friendship is Priceless

FREEBIES Continue to be a BURDEN on Our Increasing Server Costs. Please DONATE Something to HELP



& Thanks to Those That Have Taken The Time to Register & Become a Member of ... 1...
Ladybbird is online now  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
Reply With Quote
Post New ThreadReply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.
SEO by vBSEO 3.5.2
Designed by: vBSkinworks