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Manx financial scam: Chinese Filipino Boilerhouse


Chinahand

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4 minutes ago, Non-Believer said:

Perhaps they never even ever set foot in the Island, advantage was simply taken of an understaffed, unskilled and naive IoM immigration administration to allow those people to gain immigration rights to elsewhere in the UK?

Probably right, but never mind, these things happen. ^_^ Which will be the position taken. 

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12 hours ago, Gladys said:

Joking aside, perhaps it is best the 'campus' (or gulag) didn’t go ahead.  

As it's an empty lot now, maybe they can use it as car park for TT, instead of kicking Duke off the old prison site to park cars there.

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On 10/19/2024 at 8:16 AM, WTF said:

and lessons learnt , don't forget lessons learnt. 

If King Gaming hasn’t done anything to ruin our international reputation then why are the FSA constantly issuing huge fines to businesses that aren’t stealing from people in order to supposedly protect the IOMs international reputation? 

Edited by Thefella
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2 hours ago, Thefella said:

If King Gaming hasn’t done anything to ruin our international reputation then why are the FSA constantly issuing huge fines to businesses that aren’t stealing from people in order to supposedly protect the IOMs international reputation? 

the fsa is a defacto spiteful tax collector against those that help people avoid paying it in the first place.

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5 hours ago, Thefella said:

If King Gaming hasn’t done anything to ruin our international reputation then why are the FSA constantly issuing huge fines to businesses that aren’t stealing from people in order to supposedly protect the IOMs international reputation? 

Because they want to be seen to be doing something for MONEYVAL.  Hence locking up all the money-laundering masterminds sending a few thou in the post to Liverpool.

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On 10/18/2024 at 9:27 PM, Gladys said:

Joking aside, perhaps it is best the 'campus' (or gulag) didn’t go ahead.  

Treasury, Starship Enterprise and CM Cannan must have been crying bucketloads and looking for ways to limit the fallout, which was unavoidable. When the original plans were announced, champagne glasses would have been clinking, and politicos and civil servants quaffing champagne, at the thought of what was termed the islands biggest investment. At the same time lots of dick waving and grandstanding ensued boasting to other international offshore finance centres, of their success.

What I find hard to swallow is IOMG who treat residents and businesses with disdain, along with rules, regulations and bureaucracy, whilst if you are a ‘supposed’ large ‘egaming’ who wishes to make ‘large investments’, they are treated like royalty. So far, net result, lots of extremely negative publicity, and reports of investigative journalists pouring over this story. So potentially more, and yet serious allegations to come out, which could tar everyone with the same brush. 
 

How much have the taxpayers lost in terms of revenues - tax and NICs etc. Also losses to suppliers within the supply chain? 

Edited by 2112
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On 10/20/2024 at 11:26 PM, Roger Mexico said:

Because they want to be seen to be doing something for MONEYVAL.  Hence locking up all the money-laundering masterminds sending a few thou in the post to Liverpool.

Yes absolutely no bad publicity at all! 

https://www.iomtoday.co.im/news/isle-of-man-referenced-negatively-25-times-in-new-unites-nations-report-on-organised-crime-731342

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https://www.iomtoday.co.im/news/isle-of-man-referenced-negatively-25-times-in-new-unites-nations-report-on-organised-crime-731342

 

 

A report by the United Nations Office on Drugs and Crime (UNODC) on the shifting threat of transnational organised crime, published this month, cites the Isle of Man negatively 25 times.

It refers to the proliferation of ‘under-regulated online gambling platforms’ which it says are being used by ‘major organised crime groups to move, launder and integrate billions in criminal proceeds into the financial system without accountability’.

The report names the island as one of the jurisdictions that have become hubs for online gaming firms due to their ‘relaxed regulations and the relative ease with which licences can be obtained’.

Starting out in casinos and prostitution in the Golden Triangle, the gangs went on to set up a side-business in online cyber scams including one gruesomely known as ‘pig butchering’.

..

The report outlines how one gambling company, in the process of building a £70m headquarters in the island, was raided in April this year.

Its simple website, designed with limited functionality, was ‘consistent with shell iGaming businesses used as fronts by criminal groups for laundering of criminal proceeds,’ the report notes.

Notably, the company’s co-founder had built up strong links in recent years to the Golden Triangle and a Chinese national sanctioned by the US over his organisation’s alleged drug trafficking, money laundering, bribery and human and trafficking of endangered wildlife including Asian black bears, tigers, pangolin, rhinos and elephants.

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19 minutes ago, Thefella said:

Just read the main IOM Today one. How the hell can some deadbeat at the passport office issue 75 Visa applications to the same fucking address? 

Just a thought, I wonder if any of these criminal gangs have planted people into IOMG institutions? 

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27 minutes ago, english zloty said:

Maria Bridson's presentation has three stories running today. That's gonna hurt.

By rights and by standards of normal and principled folk, who would be deeply ashamed, embarrassed and scared for the islands future. Unfortunately COMIN and other cheerleaders aren’t, and consequently there will be slew of negative publicity.

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15 minutes ago, 2112 said:

Just a thought, I wonder if any of these criminal gangs have planted people into IOMG institutions? 

We all know that it’s highly likely that civil servants will be getting backhanders out of all of this. Who on earth who wasn’t incentivized to do so would turn a blind eye to 75 applications being sent to the same address? They should start a money laundering investigation into the passport office. 

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