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Avoiding metal bars. A federal grand jury has indicted billionaire Liu Zhongtian, founder of aluminium giant China Zhongwan Holdings, on charges of evading close to $2 billion in tariffs since 2008. The suit was filed in May but unsealed only this week. A warrant has been issued for Liu’s arrest...

“Be faithful in small things because it is in them that your strength lies.” - Mother Teresa

Americans are setting up hobby ‘phone farms’... but elsewhere, it’s big business A number of American “phone farmers” are rigging up groups of 20 or even 100 phones in order to generate fake engagement with ads and make a few easy bucks, reportsVice. The scheme works because people buy and sell...

What Asset Managers Have on Their Summer Reading Lists We asked top industry players to recommend books. Here are their picks. Alicia McElhaney August 01, 2019 Illustration by II The lazy days of August are here, which means it’s time to leave the office early, lay outside, and finally...

Where Quant Does It Better Quant managers have struggled to reckon with ESG strategies. But asset manager QMA says these managers actually have a leg up on their fundamental peers. Julie Segal August 01, 2019 Illustration by II Quantitative managers’ reliance on historical data to...

Billionaire Tax Opponent Would Like Some Tax Dollars, Please (Deal Breaker) When he bought the Carolina Panthers last year, David Tepper sure looked a lot like the other 31 members of that most exclusive club, National Football League franchise owners: white, male, exceedingly rich. But there...

“Del Vecchio -- an Italian metalworker-turned-billionaire”

Gold vs Bitcoin debate: Peter Schiff vs Anthony Pompliano

To complete his vision, the billionaire behind Ray-Ban buys GrandView for $8.1B Ray-Ban’s parent company, EssilorLuxottica SA, announced yesterday it would buy the European glasses retailer GrandView NV in an $8.1B deal. The acquisition is the next phase in the Ray-Ban owner’s farsighted scheme...

“Only I can change my life. No one can do it for me.” - Carol Burnett

https://pagesix.com/2019/07/31/steve-jobs-widow-dating-eleven-madison-park-chef-daniel-humm/

Italy’s Intesa Clinches 10 billion Euro Soured Loan Deal with U.S. Hedge Fund (Reuters) MILAN (Reuters) – Italy’s biggest retail bank Intesa Sanpaolo (ISP.MI) has clinched a deal with U.S. hedge fund Davidson Kempner over 10 billion euros ($11 billion) in problem loans, moving closer to a 2021...

Chinese President Xi Jinping’s Cousin Draws Scrutiny of Australian Authorities Ming Chai, who has been a high-stakes gambler, is on radar of investigators probing organized crime, money laundering and alleged Chinese influence-peddling Ming Chai, an Australian citizen and cousin of President...

James 4:8 ”Draw near to God and He will draw near to you. Cleanse your hands, you sinners; and purify your hearts, you double-minded.”

“Improvement begins with I.” - Arnold H. Glasow

The Diamond Squeeze If you're in diamonds, business is hard. What was once a highly lucrative trade—especially if you could become part of a small, elite group of companies that traded directly with diamond giant De Beers—has become a struggle as margins have compressed. In some cases, buyers...

Greece's Brain Drain Greece has come out of the worst of its economic crisis, but it's not over yet, Bank of Greece Governor Yannis Stournaras says in this interview with Fortune's Vivienne Walt. One lingering effect? Brain drain—and Stournaras says the country needs to bring those people...

Family Offices and Dirty Money In London, the wife of the former chairman of Azerbaijan's biggest bank—now in jail—is in court, facing questions about how the couple afforded their elaborate lifestyle, complete with a $14.3 million townhouse in Knightsbridge and shopping sprees at Harrods...

Even Funerals Are Being Live Streamed There's been a rapid shift in the funeral industry: funerals are offering increasingly high-quality live streaming, a trend that's already occurring in other kinds of family events, including weddings. But the biggest takeaway? This is a development in...

Ex-Audi Boss Charged German prosecutors on Wednesday charged Rupert Stadler, formerly chief executive of German carmaker Audi—part of the Volkswagen group—in connection with the emissions scandal. The office of the public prosecutor in Munich said Stadler was one of four defendants charged...