Sentences with phrase «say the funding scheme»

Most experts say the funding scheme for New York's 30 community colleges dates to the post-World War II era when these institutions were being developed — HVCC was originally known as the Veterans Vocational Institute.

Not exact matches

Authorities said Platinum operated «like a Ponzi scheme» by using new money to fund redemptions by earlier investors, which were referred to internally as «Hail Mary time.»

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.

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.

Herbalife Ltd. won dismissal of a lawsuit by a shareholder who said he lost money after hedge - fund manager William Ackman accused the nutrition company of being a pyramid scheme.

Mr Barker said another reason for rising interest in super funds moving into the corporate lending sector was that retirement schemes were not viewed as competition to the banks, but rather as complementary lenders.

Henry Corbally, Glanbia chairman, said it was acutely conscious of the challenging weather faced by suppliers and they were looking at options to add to their fixed milk price scheme and the MilkFlex loan fund.

«It also generates millions of dollars in annual funding for local charities and community groups and will not slug consumers with higher prices that a traditional container deposit scheme will,» said Gary Dawson, Australian Food and Grocery Council CEO.

«Given the fact that the county and its taxpayers were the ultimate victims of this bid - rigging scheme, it is only right that the Monroe County Democratic Committee return the $ 5,250 of criminally implicated funds to Monroe County and its taxpayers,» he said.

Commenting on the publication today by the FSA of its further consultation on the funding of the Financial Services Compensation scheme Adrian Coles, Director General of the Building Societies Association said: «It is very disappointing to see the FSA proposing a U-turn on a key part of its original proposals.

Government should seriously consider introducing a new role of Infrastructure Minister to back major projects, and pension funds would be more likely to invest in schemes if several smaller proposals were packaged together, a former Cabinet Minister has said.

Government plans to get the economic moving again, including the National Loan Guarantee Scheme and the Funding for Lending scheme announced earlier this week, are welcome, Niesr said, but it added: «Having a clear plan for the financial infrastructure the UK economy requires would be far better than this piecemeal approach.»

New York Attorney General Eric Schneiderman said Maziarz, who held the Senate seat before Ortt for more than two decades, concocted a scheme to secretly funnel money from his campaign funds to a former staffer.

Esin said the projects were being funded from the resources of the National Housing Fund (NHF) scheme.

«Senator Sampson allegedly stole that money to fund his own ambition to become Brooklyn's top state prosecutor, then engaged in an elaborate obstruction scheme to hide his illegal conduct, going so far as to counsel lies and the hiding of evidence,» she said.

Participants were prevented from withdrawing their funds from the scheme earlier in the week, but a person with knowledge of how the community works said participants were to be blamed for that.

These sentiments were echoed by Friends of the Earth London campaigner Jenny Bates, who said more funding was needed for better public transport and schemes to boost walking and cycling.

«We wish to state that if by July 14, directives have not been issued for the transfer of funds to various public sector schemes, we will advise ourselves,» said Mr Awotwi Nkansah, Deputy Executive Secretary of GNAT in charge of Labour.

Halloran also agreed to steer up to $ 80,000 in City Council funds to the FBI's posed real estate developer, in exchange for the developer's participation in the scheme, prosecutors said.

They will also be required to fund a new scheme to insulate homes, which Mr Huhne said could create thousands of jobs.

Commenting on today's release of the Q3 Funding for Lending scheme data Paul Broadhead, Head of Mortgage Policy at the BSA said: «Building societies and other mutual lenders have consistently led the mortgage market this year, helping people to buy for the first time or move house.

The review said the value of pension scheme assets could be maximised by the bulk purchase of annuities and pooling assets in a single fund.

Silver is accused of participating in a scheme in which he used his position as speaker to secretly direct state funds to an unnamed doctor in exchange for obtaining referrals of asbestos cases from that doctor, the complaint says.

Here's the moment state Sen. John Sampson realized the game was up — when prosecutors say his scheme to cover up his embezzlement of funds from foreclosure deals came crashing...

Commenting on the early access to borrowing powers to support a funding solution for the M4 improvement scheme, Eluned Parrott, Welsh Liberal Democrat Shadow Transport Minister said:

The Funding for Lending scheme will no longer support household borrowing from the start of next year and will be refocused on small business lending, the Bank of England said today.

Labour said only firms that could show they were not using the scheme to replace existing workers or reduce their hours would qualify for funding.

Defenders of council pensions say these schemes are fully funded.

Mr Davis said the savings obtained by dropping the scheme could be used to fund a dedicated border police force, extra prison places and more drug rehabilitation programmes.

Chinda said that the fund was also established to encourage acquisition of skills needed for manpower training in the country and under the SIWES scheme.

He said while the Federal Government would fund the scheme for pupils in Primary One to Primary Three, it was expected that state governments would be responsible for pupils in primary four and above.

On transit, he said the next mayor must start a public conversation about how to improve the current funding scheme for the cash - strapped Metropolitan Transportation Authority, which he ran for a little less than a year before stepping down to campaign for mayor.

«Today, we allege a classic, quid pro quo bribery scheme at the New York State Common Retirement Fund,» Bharara said.

Kang faces wire fraud and securities fraud charges as well as theft of honest services charges in the alleged pay - to - play schemes he carried out as the state Common Retirement Fund's Director of Fixed Income Portfolio Strategy, U.S. Southern District Attorney Preet Bharara said Wednesday after an indictment was unsealed.

Harding said in New York County Supreme Court last week that he participated in a scheme devised by Hank Morris, a top political adviser to Alan Hevesi, and David Loglisci, the former station pension fund chief investment officer, to corrupt the process of selecting investments at the state pension fund to favor political allies, friends and family, Cuomo said.

«Included in that agreement is the commitment that the funds would be invested in one of Nigeria's flagship social investment programmes, the Conditional Cash Transfer scheme targeted at the poorest and most vulnerable households in our country,» he said.

A U.S. attorney says the Dutchess County surgeon Thursday pleaded guilty to operating a long - running health care fraud scheme in which he defrauded Medicare, the New York State Insurance Fund, and numerous private health insurance providers out of more than $ 2.5 million by lying about the nature and scope of the surgical procedures he performed.

Several Democrats also said there's widespread speculation that Cuomo had a hand in leaking the board's January memo on Friday — just days after Senate Democrats backed by de Blasio won a major special election on Long Island — that accused de Blasio and his top aides of involvement in an illegal fund - raising scheme to help elect Democrats to the Senate.

Neil deMause at Field of Schemes chimes in and notes how activists Joyce Hogi and Karen Argenti say federal funds should be withheld for non-compliance.

The complaints say the scheme began when the doctor allegedly asked Silver if his firm would help fund mesothelioma research and Silver declined.

New York's Attorney General Eric Schneiderman says Maziarz, who held the Senate seat before Ortt for over two decades, concocted a scheme to secretly funnel money from his campaign funds to a former staffer.

The maps, which he called «absurd,» appear to be a scheme to fund a floundering flood insurance program that pays out most of its claims to hurricane - prone areas, Maffei said.

Silver directed payments from a discretionary fund as part of a bribery scheme that netted him millions in kickbacks, and good - government advocates say they provide a smiliar risk for corruption.

«The public needs to remember that much of the current pressure on the retirement fund is not a result of overly generous benefits, it's a result of the Wall Street collapse in 2008 and the greedy schemes that led to it,» said CSEA President Danny Donohue.

«We have 1,569 cooks in total; for micro-credit loans under our GEEP scheme, we have given loans to 7,585 small businesses,» he said adding that the government had so far invested about N2.4 billion of the social investment programmes» funds in Abia state.

Tedisco noted that a different discretionary fund was a central component of the kickback scheme that led to the conviction of former Assembly speaker Sheldon Silver, and said bringing more transparency to the process was a crucial reform measure.

In another alleged bribery scheme, prosecutors said Halloran agreed to route city discretionary funding to Stern and an undercover FBI agent, who Halloran believed was a wealthy business partner of Stern's, in exchange for $ 24,800 in donations for his own failed congressional bid.

Manhattan U.S. Attorney Preet Bharara, who called SAC «a veritable magnet for market cheaters,» said the hedge fund reaped hundreds of millions of dollars in illicit profits through separate insider - trading schemes by at least eight former SAC fund managers and analysts.

The probe marks Bharara's latest anti-corruption blitz on City Hall, which was subpoenaed in April following a state Board of Elections report that said de Blasio engineered a scheme to evade fund - raising limits in a failed bid to help Democrats seize control of the state Senate.

The funding scheme leaves no time for failure, so Machesky often starts Ph.D. students on several experiments, saying, «Some are safe, so that even if the results are negative, we can probably publish them.»