Sentences with phrase «of payment schemes»

They come with their own set of payment schemes and fulfillment obligations.

A waterfall payment is a type of payment scheme in which higher - tiered creditors receive interest and principal payments first, while the lower - tiered creditors receive interest and principal payments after the higher - tiered creditors are paid in full.

Not exact matches

As tax - preparation season approaches, be wary of scammers engaging in both identity theft and fraudulent tax - payment schemes.

«Trendon Shavers managed to combine financial and cyber fraud into a bitcoin Ponzi scheme that offered absurdly high interest payments, and ultimately cheated his investors out of their bitcoin investments,» Bharara said in a statement.

Billionaire investor William Ackman in 2012 claimed the company was running a pyramid scheme, recruiting members with a promise of payment for enrolling others in distribution, rather than depending on the actual sale of its nutritional supplements and weight management products.

But attorneys at Keller Rohrback, one of the firms whose case was rolled into Berman's, explained the reason for adding the PBMs in a May letter to the court: «The PBM defendants play a central role in the scheme — selling formulary access in exchange for «rebates» or other payments» from the manufacturers.

The national credit system planned for 2020 will be an «ecosystem» made up of schemes of various sizes and reaches, run by cities, government ministries, online payment providers, down to neighborhoods, libraries, and businesses, say Chinese researchers who are designing the national scheme.

Elizabeth Avery, a Washington, D.C., securities attorney and founder of Kalorama Capital, said Ponzi schemes are a common type of fraud, where investor funds are used to attract new investors and make payments.

In 2017, ASIC revised its guidance to ICO issuers, bringing token offerings recognized as «managed investment schemes,» «non-cash payment facilities,» or derivatives offerings under the auspice of the Corporations Act of 2001.

Other investor funds solicited by Simmons were used by the owner of the Hedge Fund in the Ponzi - like scheme to make payments to prior Hedge Fund investors, Berman said.

As part of the report's key findings for payments, the WEF concluded that the greatest potential for «decentralized and non-traditional payment schemes» such as distributed ledgers «may be to radically...

2 A «collective investment scheme» (as defined in Schedule 1 to the SFO) generally has four elements: it must involve an arrangement in respect of property; participants do not have day - to - day control over the management of the property; the property is managed as a whole by or on behalf of the person operating the arrangements, and / or the contributions of the participants and the profits or income from which payments are made to them are pooled; and the purpose or effect of the arrangement is for participants to participate in or receive profits, income or other returns from the acquisition or management of the property.

These payments are NOT intended to be sources of substantial profit to recipient organizations; they are rather intended to cover some of the costs involved, with the understanding that anyone who participates in the scheme will have access to a unique opportunity to participate in Ethereum 2.0 development, with close collaboration with core Ethereum researchers, and be part of the development of one of the first clients that will be available when the sharding mainnet goes live.»

You can find yourself in a trap of «get rich quick» schemes which will want your payment up front before they teach you how to make money.

That the biggest and most politically influential banks receive a disproportionate share of the Fed's interest payments further heightens the scheme's efficacy.

During the summer, contactless payment terminals were passed around with traditional collection plates at approximately 40 Church of England congregations, as part of a separate pilot scheme.

(e) post on the Sites or through the Applications any franchise, pyramid scheme, «club membership,» distributorship or sales representative agency arrangement or other business opportunity which requires an up - front or periodic payment, pays commissions only (except for postings that make clear that the available job pays commission only and clearly describes the product or service that the job seeker would be selling, in which case these types of postings are permissible), or requires recruitment of other members, sub-distributors or sub-agents;

The Uplands Alliance - representing hill farmers and upland land managers - reports on meetings with Defra and farming minister George Eustice MP, seeking to influence the design and priorities of new farm payment schemes.

Under the terms of the Scottish scheme, the highest payment rate of # 4,000 is available to farmers on Bute, Arran, Mull, and the Kintyre peninsula to protect the supply base for Campbeltown creamery.

Revenue benefits include 20 - year index - linked, government - backed incentive payments, with about # 2m ($ 2.84 m) per annum in support through the government's RHI scheme and a further # 1m ($ 1.42 m) through the sale of gas to the wholesale market and from the Feed in Tariff scheme for the power generated in the combined heat and power (CHP) engine.

In some cases, according to the sources, NCAA head coaches were aware of the payments, while others didn't have knowledge of the schemes.

Reacting to evidence of a point - shaving scheme involving Tulane's basketball team (SI, April 8) and allegations of improper payments to players, Kelly said he would recommend to Tulane's 23 - member Board of Administrators that the school's basketball program be disbanded.

Supreme Court Justice Dotse said of judgment debts payments during the NDC government of Atta Mills that, they were schemes to «create loot and share».

In this second scheme, the environmental company began making a series of monthly payments to Adam Skelos as his father helped the business position itself to get contracts for rebuilding after Superstorm Sandy.

The complaint alleges that Aiello and Gerardi, COR's president and general counsel, «entered into a bribery scheme whereby the Syracuse developer would make tens of thousands of dollars in payments to Percoco, using Howe as a pass - through to help conceal that the payments to Percoco came from the Syracuse developer, and in exchange, Percoco agreed to use, and did in fact use, his official position and influence to assist the Syracuse developer with a number of issues as the opportunities arose.»

Silver is accused of using his political position to gain over $ 4 million in illegal kickbacks and bribery payments in schemes involving cancer patients and two major real estate firms.

«So we propose a major simplification of the compensation scheme, increasing the amount of support provided to victims of the most serious crimes and making payments quicker.»

He said, «It is germane at this stage to congratulate the Federal Government which in the last one week commenced the payment of monthly stipends to its successful applicants for the N - Power schemes for the unemployed youths in our country and the payment of monthly stipends of N5, 000 to vulnerable but socially responsible poor in our society.

«As I researched the idea of promoting savings in our sector, the idea of credit union came into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical bills or to even solve other financial problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of monies».

Similar to the Glenwood scheme, DEAN SKELOS solicited payments to ADAM SKELOS from PRI during the same conversations when PRI was seeking DEAN SKELOS's support for the extension of this legislation that was critical to PRI's business.

Maziarz is accused of playing a role in a «multilayered pass through scheme» that had him using campaign funds and the Niagara County Republican Committee to funnel payments to a former Senate staffer who had been accused of sexual harassment.

From 2014 to 2016, Zakharova allegedly targeted Spitzer in an elaborate extortion scheme that involved him making regular hush - money payments of $ 3,000 to $ 50,000 a pop, according to prosecutors.

«However with the pilot showing such a significant level of mis - selling we are concerned that the FSA has not mandated that all payments are suspended when a firm enters into the scheme — we would like the banks to do this for their customers.

As many Nigerians, specifically the participants of the popular Ponzi scheme, Mavrodi Mondial Moneybox known as MMM, are hoping to unfreeze their accounts, the scheme had dump the use of Naira as mode of payment by introducing Bitcoin as the best performing currency.

The union's case is that by failing to gain the consent of PCS, the largest civil service union, the government had no authority to impose detrimental changes to the civil service compensation scheme, which governs payments in the event of redundancy or early retirement.

«By ending payments into this scheme we will also save the # 5m annual cost of administering it.»

Friday Legislation - Social care and identification of carers bill, second reading, Barbara Keeley Legislation - Winter fuel allowance payments bill, second reading, Mike Weir Legislation - Town and country planning regulations 2007 bill, second reading, Nicholas Brown Legislation - Bank of England (appointment of governor) bill, second reading, John McDonnell Adjournment - Criminal injuries compensation scheme, Kelvin Hopkins

The new scheme would require employers to provide training, according to aides, and young people who turn down the work or are sacked would face sanctions, including temporary withdrawal of benefit payments.

He said the demands included prompt payment of workers» salaries, payment of workers» salaries up to date, due promotion of workers and review of workers» pension contributory scheme.

The news comes despite repeated drives to improve efficiency, such as a «payment by results» scheme of tariffs which, the NAO claimed, produced some positive results in the speed of patient turnover in hospitals.

Associated with these capacities, the Scottish Parliament can also create and implement discretionary payment schemes without permission from the Department of Work and Pensions.

The GLA has contracted St Mungo's and Thames Reach under «payment by numbers» schemes where fees depend on the number of rough sleepers they get out of the country.

The owners of the New York Mets are due to make a $ 16 million payment related to their involvement in the Bernie Madoff Ponzi scheme mess.

The introduction of these arrangements did not stem the growing complexity of the system, and generated a «better - off» problem, where payments differed under each scheme.

Earlier this month a public accounts committee report painted a damning picture of total breakdown in the department's personal independence payments scheme.

In the message, the scheme's founder, Sergey Mavrodi, said because of the likely deluge of requests from participants, payments would be gradual and have limits.

The majority of the payments to forces have been capped at # 100,000, with the exception of Lancashire and Cumbria police authorities, which were refunded the full # 725,000 they spent on being the pilot scheme for the mergers.

Maziarz, in an indictment unsealed in Albany County Court on Thursday, is accused of playing a role in a «multilayered pass through scheme» that had him using campaign funds and the Niagara Conuty Republican Committee to funnel payments to a former Senate staffer who had been accused of sexual harassment.

In another aspect of the alleged schemes, officials at COR Development paid tens of thousands of dollars to Percoco — using Howe as a pass - through to conceal the payments — in exchange for official favors that included reversing a state decision that would have forced the company to enter into a costly «labor peace agreement»; freeing up a backlog of state funds that had been promised to the developer; and securing a $ 5,000 raise for Steven L. Aiello, the son of COR president Steven F. Aiello.

We have created a new and transparent scheme of business costs and expenses, introduced a less generous pension scheme, where taxpayers contribute less and MPs make a higher contribution, and scrapped large resettlement payments.