Sydney to permit quarantine-free worldwide journey for Australians

People gather for a picnic next to Harbor Bridge in the suburb of Kirribilli on September 19, 2021 in Sydney, Australia. Covid-19 restrictions have eased for fully vaccinated people in NSW.

James D. Morgan | Getty Images News | Getty Images

Fully vaccinated Australians arriving in Sydney from overseas will no longer need to be in quarantine from November 1st.

At a briefing, New South Wales Prime Minister Dominic Perrottet hinted that quarantine-free travel was also possible for all vaccinated international travelers when he said, “We are opening Sydney and New South Wales to the world.”

However, it was overridden by Prime Minister Scott Morrison, who later said the easing of entry restrictions at the border was only for Australian citizens, permanent residents and their immediate families.

Individuals falling under these categories are allowed to leave and return to Sydney without being quarantined.

“This is about Australian residents and citizens first,” said Morrison at a briefing after Perrottet’s announcement.

“The Commonwealth government has made no decisions to allow other visa holders to come to Australia under these arrangements. They are decisions for the Commonwealth government, as the Prime Minister and I know, ”he said.

The Prime Minister on Friday gave no indication of when border restrictions would be eased for other travelers, but said it would be staged and cautious.

Border opening

Australia closed its international borders in March 2020 because of the Covid-19 pandemic. Since then, only citizens and permanent residents have been allowed to enter, but they have to go through two weeks of quarantine.

With fewer flights available and weekly restrictions on how many international passengers can arrive in major cities, thousands of Australians have been stranded overseas.

Prime Minister Scott Morrison during Question Time in the House of Representatives on February 18, 2021 in Canberra, Australia.

Sam Mooy | Getty Images News | Getty Images

Australia’s other major state, Victoria, has a similar reopening roadmap, according to which certain restrictions will be lifted when vaccination rates reach a certain milestone. The state’s chief health officer, Brett Sutton, reportedly told local media this week that Melbourne could end the lockdown earlier than planned.

The rest of Australia still has a long way to go before reaching the 80% vaccination limit. Information compiled by the online publication Our World In Data showed that approximately 53% of all eligible people in Australia are fully vaccinated.

Relaxation of restrictions

Perrottet also announced a number of local restrictions that would be eased on those vaccinated as the state is expected to meet its target of fully vaccinating 80% of its population by this weekend.

From Monday, face masks will no longer be required in office buildings. Households could receive up to 20 visitors at a time, and outdoor gatherings of up to 50 people would be allowed.

Restrictions would remain for unvaccinated or not yet fully vaccinated people.

Travel between Greater Sydney and regional New South Wales will resume from November – when the state government expects the regional areas to reach the 80% vaccination target, Perrottet said.

A red flag flies on the Sydney Harbor Bridge to commemorate Merchant Navy Day on September 03, 2021 in Sydney, Australia.

James D. Morgan | Getty Images

“We have only been able to do this because people across New South Wales have put a tremendous effort into getting us to this point,” he added.

Australia has handled the coronavirus pandemic relatively better than most due to strict rules on social distancing, border restrictions, contact tracing and bans. Experienced the country an increase in Covid cases this year due to the Delta variantthat forced lockdowns in several major cities.

In July, the Australian government introduced a transition plan That said, it wants to fully vaccinate between 70 and 80% of the population before international border restrictions are relaxed.

Australia’s flagship Qantas said it would resume international flights from Nov. 1, two weeks ahead of the schedule following Friday’s announcements. Qantas said it would offer multiple round-trip flights from London and Los Angeles to Sydney every week.

‘No Time to Die’ scores $119 million in worldwide debut

Daniel Craig plays James Bond in No Time To Die.

MGM

The latest James Bond movie won’t hit the US until Friday, but it’s already making waves internationally.

“No Time to Die” grossed an estimated $ 119.1 million in international ticket sales over the weekend, making it the Motion Picture Association’s first pandemic-era title to top $ 100 million in an overseas debut excluding China. The fifth and final James Bond film, starring Daniel Craig, arrives in China on October 29th.

The film topped the opening weekend for a James Bond film in 24 countries including Japan, Hong Kong and Germany and helped fuel the best opening weekends of the pandemic era in 21 countries including the UK.

These are welcome results for MGM and Universal, who are co-distributors of the film. “No Time to Die” was long postponed during the pandemic as studios waited for signs that moviegoers were ready to return to theaters.

“No Time to Die” first kicked off its November 2019 release when Danny Boyle, who was to write and direct the film, left the project. It bounced between a few dates before it was released in April 2020. Since cinemas around the world were closed during the pandemic, it opened first November 2020 and then until April 2021 before agreeing on a date in October.

“The backlog that has built up over the six years of waiting since Specter, as well as the significance of the end of the Craig era as Bond, has made this view necessary for even the most laid-back 007 fan,” said Paul Dergarabedian. Senior Media Analyst at Comscore. “For hardcore lovers, ‘No Time to Die’ is an important milestone and a real cinema event that should not be missed.”

International ticket sales and domestically, box office analysts have given hope of a solid theatrical release. Mainly because “No Time to Die” can only be seen in cinemas.

Disclosure: Comcast owns NBCUniversal and CNBC. Universal released “No Time To Die” internationally while Amazon-Own MGM takes care of the domestic release.

A David And Goliath Fashion UGG Boot Dispute | Worldwide Legal professionals Community

Just over five years after California retail giant Deckers Outdoor Corp. (Decker) filed a lawsuit against Sydney-based shoe company Australian Leather Pty Ltd (Australian leather) The US Court of Appeals ruled in favor of Deckers for trademark infringement on the Federal Circuit.

The appeals court upheld the district court’s earlier ruling finding that Australian Leather had deliberately infringed Deckers’ “UGG” trademarks by selling fewer than 15 pairs of UGG branded boots in the United States and paid Deckers $ 450,000 Dollar damages and pending a permanent restraining order preventing Australian Leather (among other things) from using “the UGG trademark or name or any reproduction, forgery, copy or dyeable imitation thereof in any way and in any format, case or Spelled on or in conjunction with “the sale, offer for sale, distribution or promotion of any product in the United States or its territories.”

The litigation underlines that trademark owners and users with multiple jurisdictions must carefully examine whether any infringement problems may arise with regard to a general meaning of the trademark in the respective jurisdiction in which use (or even trademark protection) is sought. Trademarks that are distinctive and therefore protectable in one country can have a general meaning and are therefore not registrable or enforceable in another country. Likewise, acceptable use of a generic term in one jurisdiction may constitute trademark infringement in another.

background

Australian Leather is one of many companies in Australia that sells sheepskin boots under the umbrella of “ugg boots” without worrying about possible trademark infringement. This is because the term ‘ugg’ in Australia (and New Zealand) is generally considered to be a description of a certain type of sheepskin boot with fleece on the inside and a synthetic sole and that other traders may need to legitimately use the name ‘ugg’ to to describe similar products. On this basis, it was generally accepted that the term “ugg” or “ugg boot” cannot be registered as a trademark in Australia and New Zealand.

According to US trademark law, generic terms are also excluded from registration as a trademark. However, and unfortunately for Australian Leather, despite the fact that ‘ugg’ is a generic term in Australia, it is not in the United States.

While Deckers would not have the right to trademark the word “ugg” in Australia, it is the registered owner of a US trademark for the word “UGG” in relation to footwear. When Australian Leather sold 14 items labeled “ugg” to US customers in 2016, Deckers sued Australian Leather for trademark infringement. In response, Australian Leather argued that Deckers’ trademark registrations for “UGG” should be deleted as the term “ugg” is generic in the US as well as Australia and New Zealand.

Australian Leather also tried to rely on the US “foreign equivalents” doctrine to argue that the term is generic in Australia (as agreed by Australian Leather and Deckers), which means that the term is also used in the US should be viewed as generic. According to the doctrine of foreign equivalents, a person cannot register a trademark over a foreign generic word if the trademark would “prevent competitors from labeling a product as it is in the foreign language that their customers know best”. Australian Leather went ahead and filed counterclaims against Deckers alleging that Deckers was misleading consumers by suggesting that their products were made in Australia.

The decision

Despite Australian Leather’s arguments, in the U.S. District Court’s summary judgment for the Northern District of Illinois, while ‘ugg’ is a generic term in Australia, that alone is insufficient to infer a general meaning in the United States States “.

Regarding the Foreign Equivalents Doctrine, the District Court found that the doctrine “is not perfectly suited to English into English and is generally used to analyze non-English words used in the American market,” and In any case, “The doctrine is merely an expression of the prohibition on allowing a trademark to monopolize a generic term.” The court further stated that Americans familiar with the Australian use of the term (or Australian visitors to the United States ) “Would be misled into believing that there is only one brand of Ugg-style sheepskin boots in this country”.

The court also dismissed Australian Leather’s counterclaims, ruling that Decker had not misleadingly marketed their products as manufactured because Decker’s “UGG Australia” label did not state that the boots were made in Australia and that their products had a specific label of origin included in Australia.

When the matter went to court in May 2019, a jury found that Australian Leather had not only intentionally infringed Deckers’ registered trademarks, but had used a counterfeit version of its registered trademark. On this basis, the district court approved Deckers’ claim for damages and ordered an injunction against Australian Leather.

On appeal, Australian Leather argued that in examining whether “ugg” was a generic term, the District Court made a mistake and misapplied a test that may be relevant in circumstances where a brand name becomes generic as opposed to a term was generic even before the trademark was registered. However, on May 7, 2021, the U.S. Federal Circuit Court of Appeals upheld the District Court’s decision.

Worldwide cash launderer sentenced to federal jail in cyber-crime conspiracies accountable for meant lack of almost $60 million | USAO-SDGA

SAVANNAH, GA: A Canadian man who conspired to launder the tens of millions of dollars stolen from various wire transfer and bank fraud programs – including a massive online banking theft by North Korean cyber criminals – has been sentenced to nearly 12 years in federal prison.

Ghaleb Alaumary, 36, of Mississauga, Ontario, was sentenced to a total of 140 months in prison after pleading guilty to two counts of money laundering conspiracies, said David H. Estes, acting U.S. attorney for the southern district of Georgia . District Court Judge R. Stan Baker also ordered Alaumary to pay $ 30,703,946.56 in compensation to the victims and to be released under custody after completing his three-year sentence. There is no parole in the federal system.

“This defendant served as an integral channel in a network of cyber criminals who siphoned tens of millions of dollars from multiple companies and institutions around the world,” said acting US Attorney Estes. “He laundered money for a rogue nation and some of the world’s worst cybercriminals, and led a team of co-conspirators who helped fill thieves’ pockets and digital wallets. But US law enforcement agencies, in collaboration with their partners around the world, will bring fraudsters to justice who believe they can hide behind a computer screen. “

As described in unsealed court documents and trials, Alaumary and his co-conspirators used business compromise email programs, ATM withdrawals, and bank cyber-robberies to steal money from victims and then launder the money through bank accounts and digital currencies. He previously pleaded guilty to two money laundering cases in the southern Georgia district.

In the first case, filed and investigated in the southern district of Georgia, Alaumary conspired with others who sent fraudulent “fake” emails to a university in Canada in 2017 to create the appearance that the emails came from a university Construction company came out paying for a large construction project. The university, believed to be paying the construction company, transferred CAD 11.8 million (about $ 9.4 million) to a bank account controlled by Alaumary and his co-conspirators. Alaumary then arranged with individuals in the US and elsewhere to launder the stolen funds through various financial institutions.

Weeks later, Alaumary arranged several trips to Texas for a co-conspirator in the United States to impersonate wealthy bank customers in order to steal hundreds of thousands of dollars from victims ‘accounts using the victims’ stolen personally identifiable information. There was a phone call to a co-conspirator in Savannah discussing the fraud.

In the second case, relocated from the Central District of California to the Southern District of Georgia for his admission of guilt and conviction, Alaumary recruited and organized individuals to withdraw stolen cash from ATMs; provided bank accounts that received funds from bank cyber-robberies and fraud systems; and once the ill-gotten funds were in accounts he controlled, Alaumary further laundered the funds through wire transfers, cash withdrawals, and by exchanging the funds for cryptocurrency. Funds included a cyber attack on a Maltese bank in 2019 by North Korea. Other victims of Alaumary’s crimes have included banks headquartered in India, Pakistan and Malta, as well as corporations in the US and UK, individuals in the US and a professional football club in the UK

“International money launderers provide critical services to cyber criminals, helping hackers and scammers avoid their illegal profits and hide their illegal profits,” said Assistant Attorney General Kenneth A. Polite Jr. of the Department of Justice’s Department of Criminal Investigation. “Businesses large and small, a university, banks and others lost tens of millions of dollars on this plan. Alaumary’s verdict today reflects how seriously the Justice Department takes the critical role money launderers play in global cybercrime. “

“The conviction of the defendant in this case speaks to the value of cross-border investigative cooperation,” said Steven R. Baisel, SAIC Field Office of US Intelligence Atlanta. “Despite the complex, international nature of this criminal enterprise, the accused and his co-conspirators were brought to justice.”

“This case exemplifies our relentless determination to hold criminals accountable, no matter how sophisticated their crimes may seem,” said Phil Wislar, acting special agent for the FBI Atlanta. “The arrest and conviction of cybercriminals like Alaumary, who feel safe behind a computer screen, is only possible through persistent investigative efforts by the FBI and our close cooperation with our US and international partners.”

Alaumary is the fourth defendant in the investigation to be convicted in the southern district of Georgia. Uchechi Ohanaka, Kelvin Desangles and Jennal Aziz had previously pleaded guilty to fraud in federal court and were sentenced to more than 200 months in prison.

The cases were investigated by the U.S. Intelligence Savannah Resident Office, with assistance from the Los Angeles Field Office and Global Investigative Operations Center, the FBI and the Royal Canadian Mounted Police, and followed up by the Criminal Investigation Department of the U.S. District Attorney’s Southern District of Georgia, Senior Trial Attorney Mona Sedky, of the US Department of Justice’s cybercrime and intellectual property division, and Assistant US Attorney Khaldoun Shobaki, of the US Attorney’s Office for the Central District of California.

Is Worldwide Cash Categorical (IMXI) A Good Lengthy-Time period Purchase?

Voss capital, an investment company, has published its “Voss Value Offshore Fund” investor letter for the second quarter of 2021 – a copy of which can be downloaded here. The fund returned + 11.2% quarterly net return for the second quarter of 2021, ahead of the Russell 2000, Russell 2000 Value and S&P 500 benchmarks, which returned + 4.3%, + 4.2% and +8, respectively. 5% delivered for the same period. You can check out the fund’s top 5 holdings to see their top bets for 2021.

In Voss Capital’s letter to investors for the second quarter of 2021, the fund mentioned International Money Express, Inc. (NASDAQ: WALK) and discussed his stance on the company. International Money Express, Inc. is a Miami, Florida based money transfer company with a market capitalization of $ 715.7 million. IMXI posted a year-to-date return of 18.40% while 12 month returns are up 13.29%. The stock closed at $ 18.40 per share on September 1, 2021.

Here’s what Voss Capital had to say about International Money Express, Inc. in its Q2 2021 investor letter:

“We believe Intermex (International Money Express, IMXI) is a convincing long. IMXI is an international money transfer company primarily focused on transactions originating from the United States and going to Mexico and Guatemala. They make their money by charging a fixed fee for each transfer (85% of sales) and, to a lesser extent, through currency arbitrage on transactions (14%). Her client base consists primarily of low-income, low-bank immigrants from Mexico and Guatemala whose family / friends are staying in their home country and in need of financial assistance. We believe IMXI is an easy to understand story, with a clean capital structure, very low capital intensity (outside of some fluctuations in working capital), a strong brand, adept management, and excellent ongoing execution (z incremental margins). We believe the negative narrative surrounding the company has flaws that we can exploit, namely skepticism about the sustainability of its growth, the stickiness of the customer base, and a misunderstanding about the economics of a digital transfer versus a personal transfer.

The consensus on Wall Street is that IMXI is making a strategic mistake by not going “all-in” with digital transactions like MoneyGram (MGI), Western Union (WU) and well-supported private competitors like Remitly and Wise . You will hear the wave of VC money showing you what the future holds and transfers initiated through brick and mortar stores are dying out. In the digital transition, Intermex will lose its customer base and, given the operational leverage of the model, profitability will be hit hard. Bears also argue that digital is cheaper, easier, and should create a more solid customer base in the long run. In addition, Intermex’s focus on a few markets makes it difficult to scale the business and will quickly hit a wall of growth.

Voss has a different opinion. After in-depth survey of the customer base and research into cultural factors, we believe that the transition to IMXI’s digital customer base will be very slow as digitization requires a bank account and it can take longer for the money to be available to the recipient in cash. As WU and MGI focus on the digital, IMXI continues to gain market share locally and an increasing share of the associated superior profitability of the units. Digital has a much lower Lifetime Value (LTV) / Customer Acquisition Costs (CAC) ratio due to intense competition that requires high marketing costs and increases “churn”. Digital isn’t necessarily a cheaper way for customers to send money either, as digital gamers try to grow their revenue with higher currency arbitrage to offset the low advertised transaction fees, something our smart customer base is very much aware of. We’d also argue that IMXI’s personal customer base is probably stickier than the overly digitally minded Wall Street imagines. A worker dropping by the IMXI counter in the same store where they cash their check or buy groceries is routine, and that convenience and familiarity are sticky. Management noted that many of the customers who switched to IMXI’s digital product during the lockdown returned in person after the stores reopened.

Intermex’s disciplined focus on a few markets, instead of striving for growth in every country, enables the company to dominate these high-volume corridors and participate consistently and profitably. In direct contradiction to the bearish mood and narrative, IMXI is constantly growing around 20% faster than its competitors WU and MGI.

At its current valuation of ~ 8x NTM FCF and 7x EBITDA, the market’s expectations for this 20% organic grower are exceptionally low. We believe they can sustain 10-20% growth and pave the way for the stock to double in the next 2-3 years through a combination of continued organic growth and multiple expansion as the market realizes that their runway is a lot is longer than currently forecast. Our price target is $ 29 (90% up) based on 10x our EBITDA estimates for 2023. If the stock’s price doesn’t improve by then, we believe it’s both private equity and There are strategic buyers interested in buying the entire company. “

The story goes on

Photo by Karolina Grabowska from Pexels

According to our calculations, International Money Express, Inc. (NASDAQ: IMXI) couldn’t find a place on our list of The 30 most popular stocks among hedge funds. IMXI was there fifteen Hedge fund portfolios at the end of the first half of 2021 compared to 18th Average in the previous quarter. International Money Express, Inc. (NASDAQ: IMXI) returned 18.43% over the past 3 months.

The reputation of hedge funds as shrewd investors has been tarnished over the past decade as their hedged returns have not kept up with the unsecured returns of market indices. Our research has shown that hedge fund small-cap stock selection beat the market by double digits annually between 1999 and 2016, but the outperformance margin has been decreasing in recent years. Nevertheless, we were able to identify a selected group of hedge fund holdings in advance that exceeded the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). We were also able to pre-identify a select group of hedge fund holdings that lagged the market by 10 percentage points annually between 2006 and 2017. Interestingly, the underperformance margin of these stocks has increased in recent years. Investors who take long positions in the market and short these stocks would have earned more than 27% annual return between 2015 and 2017. We’ve been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.

At Insider Monkey, we search multiple sources to discover the next great investment idea. For example, the Federal Reserve created trillions of dollars electronically to keep interest rates close to zero. We believe this will lead to inflation and drive house prices higher. So we recommended that Real estate stocks to our monthly premium newsletter subscribers. We go lists like 10. by best EV stocks to pick the next Tesla that delivers a 10x return. While we recommend positions in just a tiny fraction of the companies we analyze, we review as many stocks as possible. We read letters from hedge fund investors and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.

Disclosure: None. This article was originally published at Insider monkey.

Australia Qantas getting ready for worldwide flights from December, CEO says

Australian airline Qantas expects international flights to the US, UK and parts of Asia to resume by Christmas, CEO Alan Joyce said Thursday.

Since March last year it is Australia has closed its borders for most foreign visitors and Exit ban for residents unless they had valid reasons.

“We know there is tremendous demand. People don’t want another Christmas isolated from their families, let alone internationally, however [also] in Australia, “Joyce said on CNBCs”Squawk Box Asia. “

An increase in local Covid-19 cases in recent months forced the Australian states and territories to tighten restrictions, including Interstate Travel Restrictions and advice on staying at home in risk areas.

Joyce said Qantas plans its operations on the assumption that Australia’s two most populous states – New South Wales and Victoria – will lift most of their border restrictions to the rest of the country by December 1.

This would be followed by the assumption that international border restrictions will be relaxed if more Australians are vaccinated. “And by Christmas, markets like Singapore, Great Britain, Japan and the USA will also open …” he added.

Qantas has not killed any passengers since the beginning of the “jet era” in the 1950s.

Scott Barbour | Getty Images News | Getty Images

Vaccines are crucial

Australia’s vaccination rates are also rising after a slow rollout at the beginning.

Information compiled by the online publication Our World In Data showed that almost 25% of the population were fully vaccinated as of August 24, compared with just under 6% at the end of June. Australian government data showed that on Wednesday 32.3% of people over 16 – or around 6.6 million people – were fully vaccinated.

The Australian Government wants to fully vaccinate between 70% and 80% of its population before international border restrictions are relaxed. This means that gradually international entries and exits to and from so-called “safe” countries will be allowed and the requirements for fully vaccinated visitors coming to Australia will be reduced.

“The government has said they think this is a sensible plan. They don’t have a crystal ball but they think this is likely to happen, ”Joyce said, adding that he expects Qantas to fire out of all cylinders after the borders reopen.

Qantas does not expect international routes to countries with lower vaccination rates – such as Indonesia, South Africa or the Philippines – to begin until April next year at the earliest.

No more layoffs

Like most airlines and travel companies around the world, Qantas took a hit when the coronavirus pandemic resulted in an almost complete collapse in demand for air travel.

As part of restructuring efforts last year, the airline had to lay off nearly 10,000 people out of a total workforce of around 32,000 before the pandemic, Joyce told CNBC.

We believe that is all it takes [layoffs] because the vaccine is the light at the end of the tunnel.

Alan Joyce

Managing Director, Qantas

“It was heartbreaking to see a lot of great people leaving, but it was necessary to restructure the business so it could recover from Covid,” he said.

“We believe it is no longer necessary because the vaccine is the light at the end of the tunnel,” he added when asked if Qantas could possibly fire more people.

Yet more than 8,000 Qantas employees, mostly from international operations, have been laid off – that is, as long as they remain employed, they will not be paid until operations resume.

Merits

The airline reported earnings on Thursday for the fiscal year that ended June 30.

  • Statutory after-tax loss of 1.73 billion Australian dollars (1.25 billion US dollars) was lower than the previous year’s reported loss of 1.96 billion Australian dollars.
  • Consolidated sales were A $ 5.93 billion, 58% less than last year.

Qantas stock rose 3.29% on the back of earnings reports on Thursday.

Joyce told CNBC that Qantas expects to lose A $ 20 billion in revenue by the end of this year due to the pandemic.

Omaha teenager elevating cash for worldwide vaccine program

OMAHA, Neb. (WOWT) – An Omaha teenager is the spearhead Fundraiser She hopes global efforts to get vaccines to low-income countries around the world will have an impact.

For months, countries like Ghana, Honduras, El Salvador and others in Asia, Africa, Latin America and the Caribbean have received millions of vaccine doses through the COVAX Program.

“COVAX was founded by WHO and UNICEF to deliver and distribute vaccines to low-income countries that cannot afford them,” said 13-year-old Siri Doddapaneni.

She found out about the COVAX program in late 2020 and didn’t think about it until she overheard her mother’s conversation in mid-April.

“When this second wave took India by surprise, I heard my mother try on the phone to face the struggles of our family and friends and others we knew in India, and I realized that I really wanted to do something to benefit others To help people during the time pandemic, “said Doddapaneni.

Then she did what some didn’t want – she put her thoughts into action and decided to raise money for the COVAX program, which helps vaccinate millions of people who might otherwise not receive the vaccine.

It is one thing that Doddapaneni is passionate about.

“I got the vaccine as a teenager, and I wanted to use this privilege to help other people because frontline workers and health workers in other countries couldn’t even get access to the vaccine because their countries couldn’t can.”

The aspiring freshman at Brownell Talbot Prep donated $ 300 of her own money to start the fundraiser. Her original goal was $ 5,000, but after that goal was exceeded, Doddapaneni raised it to $ 6,000.

Doddapaneni’s friends, family, and neighbors have all donated to the cause, along with complete strangers on the GoFundMe Page she began. As of Thursday evening, the total was more than $ 6,300.

“I’ve learned that if you want something, you have to ask because people are ready to help.”

Doddapaneni also had the opportunity to advance her case to a global organization that agreed to make a contribution that brought the total closer to $ 11,000. Every cent goes to the COVAX program.

“I am very happy that I can do something that can help so many other people and save so many lives.”

Doddapaneni believes that through global collaboration, we will finally defeat COVID-19 and return to normal life around the world.

“Remember that the world is a family, everyone has to be there for everyone, and everyone has to help everyone,” the teenager said. “Also remember that no one is safe until everyone is safe, and do everything in your power to get people vaccinated.”

Doddapaneni says she is currently working with the necessary parties to transfer the money in due course. She plans to continue raising funds for the COVAX program through mid-July. She encourages people to visit her GoFundMe and donate whatever they can.

Copyright 2021 WOWT. All rights reserved.

Kino33 Leisure companions with ONE Leisure Group to supply worldwide content material that touches the Asian and Western markets

MADISON, Wis., July 7, 2021 / PRNewswire / – VNM United States Announces the partnership between ONE Entertainment Group and Kino33 Entertainment, who are collaborating on films and live events that bring together the best of the Korean and American entertainment markets.

The couple have entered into a collaboration agreement to develop science fiction films and objects for an international audience. The ongoing partnerships of the ONE Entertainment Group with House of Talent Casting and Kevin Grevioux (Creators of the film franchise “Underworld”) will be the main actors in the production of these properties.

Kino33 Entertainment is led by its founder and CEO, Kyu Lee – Former Marketing, Promotion and PR Manager at Sony. Kino33 Entertainment is a diversified entertainment and media company with activities to integrate music, film and television in the US and Korea. From Pop to KPop and Hollywood to the screens in Asia, Kino33 strives to bring the two worlds closer together through original creative content with universal synergy.

“Kyu has a superhuman ability to recognize and produce content that combines the best of Western and Asian content. He understands international synergies and how to create experiences that cross borders. When you combine that with our talent lineup at ONE, we open doors to cultural collaborations that will change the way we view international marketing, “said Brent Johnson, CEO of ONE Entertainment.

AN entertainment group is a The angel based multinational entertainment company specializing in live event activation, global entertainment distribution, and coordinating multinational transactions.

This powerful pair of entertainment companies brings together decades of experience producing live sports and entertainment events on a global scale. In addition to their film projects, Kino33 and ONE plan to host live sporting events in Korea for, among others Floyd Mayweather and others sometime in late 2021.

The story goes on

Ryan Cowdrey
505-333-9117
r@vnmusa.com

Cision

Show original content:https://www.prnewswire.com/news-releases/kino33-entertainment-partners-with-one-entertainment-group-to-produce-international-content-that-touches-the-asian-and-western-markets- 301327112.html

SOURCE-VNM United States

Worldwide Fraud Ring Steals Billions In EDD Cash From California – CBS Los Angeles

Los Angeles (CBSLA) – More than $ 11 billion was stolen from the state of California by fraud against the Employment Development Department.

Experts say a large part of this scam was committed by a very sophisticated and organized fraud ring based in Nigeria. Documents acquired from CBS2 show how easy it is for scammers to defraud the unemployment system using guides they can find on the dark web.

“I was like, ‘Oh god, let’s go, they hacked me,'” said Michelle Turner’s Kristine Lazar of CBS2.

Turner wasn’t surprised when her EDD account was empty. She had seen the California scam all over the news. But that doesn’t mean she was ready to lose more than $ 6,000.

“To think it’s that easy,” she said. “They can take anything from you in a second, in a second,” said Turner.

CONNECTED: 3 Inland Empire women plead guilty after receiving $ 1.3 million in unemployment benefits

Someone spent the money on three separate Florida transactions. Michelle lives in San Bernardino. Fraud experts say thieves from around the world plunged into California’s unemployment fund.

“The vast majority of them are in places like West Africa, mostly Nigeria,” said Crane Hassold, Agari Director of Threat Research. “Hence the focus of this fraud.”

Hassold founded the FBI’s Cyber ​​Behavioral Analysis Center. He says most of the EDD fraud is being perpetrated by a Nigerian criminal ring called Scattered Canary.

CONNECTED: The judge’s injunction instructs the BofA to release EDD accounts suspected of fraud

“Many of these scammers are younger, and many of them are quite well educated,” said Hassold. “You’ve got a degree and you’re out of college and the problem is that there aren’t many job opportunities in Nigeria.”

Hassold showed CBSLA a document he had found in a chat on WhatsApp and was communicating with the fraudster. The 39-page manual provides step-by-step instructions for filing a fraudulent EDD claim.

“And put it down in such a way that there are few warning signals,” said Hassold.

All that is needed? A “fullz,” a slang term used by scammers to mean a stolen identity name, date of birth, address, phone number, and social security number.

CONNECTED: Southland residents who receive unemployment insurance will be required to actively seek work from July 11th

“Many of these people only buy their full identities very, very cheaply on the dark web or in underground forums,” said Hassold.

For just one dollar, and the payout is very lucrative.

“I think we’ll get into the high tens, if not 100 billion dollars when all is said and done here,” said Hassold.

Stopping this scam is not an easy task.

“We have always said on my team that you can arrest dozens, if not hundreds, of these guys and you really don’t make a dent,” said Hassold. “You need to do this differently and identify the accounts that will be used to receive these funds and close them as soon as possible.”

The problem with this is that EDD has very old technology. A 30 year old computer system that uses a technology that was developed 60 years ago called COBOL.

“It’s inconceivable that they would be expected to distribute billions and billions of dollars on technology that you can’t even find people to code for,” said Haywood Talcove, CEO of Lexis Nexis Special Services, which helps make online Stop fraud. “Fraud is really easy to stop and it is stopped by the banks, the financial institutions and the online merchants.”

But with EDD technology, fighting fraud is a slow and arduous process, according to Talcove.

“This morning I was on the dark web looking around in anticipation of this interview, and there had to be over 850 people on the dark web talking about trying to crack the current California state system,” he said.

Turner said Bank of America said it would take at least 60 to 90 days to get their money back, but within a day of CBSLA contacting the bank, more than half of the stolen money was returned to their account.

CBSLA reached out to EDD but did not immediately hear an answer.

House owners of Underground, Worldwide Monetary Establishments Sentenced for Working Unlicensed Cash Transmitting Enterprise | USAO-SDCA

U.S. Assistant Attorneys Daniel Silva (619) 546-9713 and Mark W. Pletcher (619) 546-9714

PRESS RELEASE SUMMARY – June 3, 2021

SAN DIEGO – Lei Zhang, of Las Vegas, Nevada, was sentenced yesterday by federal court to 15 months in prison and forfeited $ 150,000 for running an unlicensed money transfer business.

Zhang is believed to be the first person in the United States to be convicted of his role in developing a new form of illegal underground financial institution that transfers money between the United States and China, thereby enforcing domestic and foreign money transfer laws and reporting evades, including United including State Anti-Money Laundering Controls and Chinese Capital Flight Controls.

As stated in court documents, Zhang collected US dollars (in cash) from various third parties in the United States and delivered that money to a customer, usually a high roller player from China, who had no easy access to cash in the US States due to capital controls that limit the amount of Chinese currency that a person can convert into foreign currency to $ 50,000 per year. After receiving the US dollars, the player transfers the equivalent of the Chinese yuan (using a banking app) from the customer’s Chinese bank account to a Chinese bank account named by Defendant Zhang. In order to facilitate these transactions, Zhang was paid a commission based on the illegally transferred monetary value.

Zhang also admitted that he was regularly introduced to customers by casino hosts who were trying to improve casino customers’ gambling. By connecting money hungry gamblers in the United States to Zhang’s illegal money transfer businesses, the casinos increased the domestic cash game of their China-based high-roller customers. All a player needed was a mobile device with remote access to a China-based bank account. As a result, Zhang managed to transfer and convert electronic funds in China into hard currencies in the United States while bypassing the obstacles imposed by both China’s capital controls and anti-money laundering controls imposed on all US financial institutions. were imposed. Casino hosts often received a cut on Zhang’s commission for their efforts.

“The pioneering work these investigators have done in identifying and tracking down this new form of illicit money transfer cannot be overstated,” said acting US Attorney Randy Grossman. “Prosecuting global money laundering is a priority for US attorneys.”

Special agents from Homeland Security Investigations, the IRS Criminal Investigation Las Vegas Financial Crime Task Force, and the Drug Enforcement Administration led the investigation into Zhang’s operations.

ACCUSED file number 20-CR-370-WQH

Lei Zhang Las Vegas, NV Age: 41

SUMMARY OF CHARGES

Operating an Unlicensed Money Transfer Business – Title 18, USC, Section 1960

Maximum sentence: Five years in prison and a fine of $ 250,000

AGENCIES

Homeland Security Investigations

IRS Criminal Investigation Las Vegas Financial Crime Task Force

Drug Enforcement Administration