Six members of a gang who used high-tech equipment to turn out 24 fake bottles of vodka a minute have been jailed for more than 56 years following a complex international investigation by HM Revenue & Customs (HMRC).Gang ringleader Harvey Conroy was sentenced to 12 years; Steve Davis, Michael Oliver, and Geoffrey Hall to 10 years; Alan Saunderson to 8 years; and Christopher Hill to 6 1/2 years.The gang made more than 1.3 million litres of the illegal vodka in a rat infested warehouse in Hackney, East London in an attempt to avoid nearly £16m in duty and VAT.
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Gang ringleader Harvey Conroy was sentenced to 12 years; Steve Davis, Michael Oliver, and Geoffrey Hall to 10 years; Alan Saunderson to 8 years.
July 14th, 2010 
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Tags: Conroy, Crime Gangs, Criminal Investigation, East London, Ethanol, Geoffrey Hall, Hackney, Hm Revenue Customs, International Investigation, Jaunt, Law Enforcement Agencies, Michael Oliver, Netherlands Germany, North London, Polish Workers, Pouches, Powerful Cars, Public Purse, Sophisticated Equipment, Vodka 
Comments OffInternational Monetary Fund now estimates global bank losses at $3.4 trillion
November 8th, 2009 Before You Invest The International Monetary Fund (IMF) has reduced its estimate of global bank losses by $600 billion – but warned the new figure of $3.4 trillion could rise further due to high unemployment rates across the world pushing up loan losses.Rising security values combined with a new way of calculating losses are to thank for the improvement on the original $4 trillion deficit calculated in April.But the IMF says that around another $1.5 trillion worth of loan writedowns will hit banks by the end of 2010.
Posted in Finance Fraud Tags: Banks, Brink, Earnings, Economic Recovery, Financial Institutions, Financial Meltdown, Global Bank, Global Financial Stability, Global Financial Stability Report, Government Support, Imf Report, International Monetary Fund, International Monetary Fund Imf, Jose Vinals, Loan Losses, Policymakers, Public Purse, Reuters, Trillion, Unemployment Rates No Comments »
