In 1993, James Jordan, Michael Jordan’s father, was murdered while parked in his car. Two teenagers were convicted of the crime. However, theres a conspiracy theory connecting Michael Jordan’s gambling debts to his father’s tragic death that emerged after James Jordan’s murder. As per the speculations, Michael supposedly had a massive gambling debt and his…
A subsidiary of an Australian tech and media start-up that had $12 million worth of investment poured into it has collapsed. Last month, E-Mersion Media (Aust) Pty Ltd went into administration, with all its operations ceasing and staff stood down immediately. E-Mersion Media, based in Melbourne and with offices also in the UK, captured investors…
AMSTERDAM Trade Bank, a subsidiary of Russias Alfa Bank focused on commodity finance and shipping, has been declared bankrupt following difficulties stemming from international sanctions targeting Russia. While ATB itself had not been sanctioned, the bank said that US and British sanctions had caused operational difficulties, as the majority of ATBs counterparties, including corresponding banks… find…
Amid its all-out war with Russia, Ukraine’s government is facing another, unexpected foe problem gambling in the military. The issue was thrust into the spotlight when a Ukrainian soldier put forward a petition calling on Kyiv to address concerns about gambling among its battle-worn soldiers. Pavlo Petrychenko said veteran soldiers have turned to online gambling to cope with their stress. He warned of soldiers who had fallen into…
Indian Institute of Insolvency Professionals of ICAI (IIIPI) has decided that the peer review of Insolvency Professional Entities (IPEs) would henceforth be undertaken using a two-fold approach. While the first one would be on the work done by IPE as an IP (conducting assignments under the IBC), the additional one, decided now, would be on…
More than three million Australians will have their student debt wiped in a bid to win over younger voters crushed by the cost of living crisis. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program (HELP) indexation rate, eliminating about $3 billion of student debt. The capped rate…
Katie Price is said to be at ‘real risk’ of losing her 2million Mucky Mansion and could be left “homeless” amid her growing money woes. The model hit headlines last week after she swerved her second bankruptcy hearing and opted to jet off to Cyprus with her new boyfriend JJ Slater instead. Katie was declared…