March 2022 - cypherpunks - lists.cpunks.org

The €1.4B Steinhoff Securities Fraud Settlement
by Gunnar Larson 02 Mar '22

02 Mar '22

Check out my new article: https://litigationfinancejournal.com/the-e1-4b-steinhoff-securities-fraud-s… Steinhoff International Holdings NV recently settled the European Union’s second largest securities fraud claim, finalizing three years of complex contentious negotiations. Steinhoff, a Dutch firm with headquarters in South Africa, once operated over 40 retail brands across 30 countries. At its pinnacle, Steinhoff was valued at nearly €20B … and then in December 2017, Steinhoff disclosed accounting irregularities and the stock plunged 90%. BurfordCapital.com recently profiled <https://www.burfordcapital.com/insights/insights-container/steinhoff-settle…> the Steinhoff securities fraud scenario through to this month’s resolution. Announcement of the securities fraud situation wiped out €12B in share value, and Steinhoff faced nearly €8B in international legal claims. As it was not entirely clear if Steinhoff would be operational given the overall crisis, Burford was brought in to help victims of the securities fraud debacle recover losses. Burford outlines that settlement negotiations were forced to employ strategies to overcome conflicts of interest due to Steinhoff’s overall precarious financial predicament. Ultimately, Steinhoff’s settlement provides €800M to shareholders who were defrauded by the faulty accounting practices. Deloitte, which was Steinhoff’s former auditor, offered an additional €110M in compensation. Burford highlights recovering 20%+ of its client’s losses, an overall solution that still allows Steinhoff’s business to operate in the near-term. -- *Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>* MSc <https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&u…> - Digital Currency MBA <https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovat…> - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-646-454-9107 New York, New York 10001

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Bravo Russia <3 !!!
by Stefan Claas 02 Mar '22

02 Mar '22

<https://donbasstoday.ru/ukraina-projdyot-denaczifikacziyu-kak-germaniya-lav…> -- claas.su

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Two cheers for democratic Turkey
by professor rat 02 Mar '22

02 Mar '22

Turkey says Russia cancelled Black Sea passage bid upon its request Reuters 6 hours ago Russia cancelled Black Sea passage bid of four warships: Turkey Al Jazeera English

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Remember when Mong bought a SUV with his credit-card?
by professor rat 02 Mar '22

02 Mar '22

One of Ava Labs’ primary goals is to apply crypto-based innovations to traditional businesses. By blending these two worlds, Ava Labs thinks it can make everyday transactions such as paying for coffee or even buying a house cheaper and easier. “Working with Mastercard gives us the opportunity to bring the benefits of the blockchain to regular consumers,” Wu says. Work like this may make it so that someday soon, when you’re buying a digital good online, you’ll be using Avalanche https://www.mastercard.com/news/perspectives/2022/ava-labs-avalanche-smart-…

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Lets recall what Wikileaks were doing in Belarus
by professor rat 02 Mar '22

02 Mar '22

The only two REASON articles ever worth reading https://reason.com/2011/02/03/julian-assange-and-israel-sham/

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Exactly What Were Paul Manafort & Rudy Giuliani Doing in Ukraine?
by professor rat 02 Mar '22

02 Mar '22

Two of the worst scumbags in the world outside of Belmarsh https://www.propublica.org/article/lets-recall-what-exactly-paul-manafort-a… Reposts not endorsements

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Now the USG is sanctioning billionaires it can’t be that illegal to just kill them
by professor rat 02 Mar '22

02 Mar '22

TIMOTHY " An anonymous computerized market will even make possible abhorrent markets for assassinations and extortion " C. MAY 1992 TIM " I guess now that the Pentagon is setting up a murder pool it can’t be illegal for us to do it " MAY. 2003 Don't kill anyone that isn't a billionaire https://stiffs.com/celebrity/billgates

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Sean Penn looking to recruit Azov Battalion members for his invasion of Poland
by professor rat 02 Mar '22

02 Mar '22

https://www.thedailybeast.com/fidel-castro-recruited-nazis-during-cuban-mis…

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KGB Russia bombs Holocaust memorial site
by professor rat 02 Mar '22

02 Mar '22

Fox News Russia bombs Holocaust memorial site where more than 30000 Jews were murdered The New York Times Jewish Groups Condemn Strike Near Babyn Yar Holocaust Memorial Karl Marx proposes final solution to the commodity-problem in Europe. Capital CHAPTER FOUR: THE GENERAL FORMULA FOR CAPITAL: "The capitalist knows that all commodities, however scurvy they may look, or however badly they may smell, are in faith and in truth money, inwardly circumcised Jews . . ."

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To break the chain of war
by professor rat 02 Mar '22

02 Mar '22

Good to see anarchism coming back to Ukraine! https://www.coindesk.com/layer2/2022/03/01/absolutely-surreal-inside-a-fund… Reposts not etc

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