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14.12.25 - 17:54
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Luxury Cars, Private Villas And Stacks Of Cash: How Somali Fraudsters Spent Minnesotans′ Money (ZeroHedge)
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Luxury Cars, Private Villas And Stacks Of Cash: How Somali Fraudsters Spent Minnesotans' Money
Luxury cars. Private villas. First-class flights. And taxpayer money meant to feed hungry kids.
New exhibits from court obtained by CBS News reveal how Somali defendants in one of the largest COVID-era fraud schemes in US history plowed through hundreds of millions of dollars in taxpayer money on lavish lifestyles - including lakefront Minnesota properties, overwater bungalows in the Maldives, a Porsche Macan, stacks of cash, designer jewelry, campaigne-soaked vacations, and overseas wire transfers.
This photo of a text exchange, presented in court, shows a box stuffed with cash and a message saying "$270,000 dollars." Court exhibit
Videos show defendants in the case celebrating poolside at a Madlives luxury resort.
In one text, a defendant bragged: "You are gonna be the richest 25 year old InshaAllah [God willing]."
Exhibits entered into evidence include:
A confirm...
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14.12.25 - 08:24
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Sales of high-end cars tumble in China as affordable local brands trump European marques (SCMP)
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Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort.
That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world's largest auto market.
A prolonged property downturn in China has left many consumers with little appetite for big purchases. Meanwhile, the well-to-do are......
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12.12.25 - 20:24
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China Plans Tougher Regulations Amid Carmaker Price War (Bloomberg)
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As US car prices rise, China is facing the opposite problem. China's market regulator has issued new draft guidelines aimed at stopping automakers from pricing vehicles too cheaply and curbing cutthroat competition. Bloomberg's Auto Reporter Keith Naughton discussed the story on "Bloomberg Markets" with Matt Miller. (Source: Bloomberg)...
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12.12.25 - 14:45
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„Die Hütte brennt – die Autoindustrie ist massiv unter Druck“ (Die Welt)
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Die EU-Kommission will das Verbrenner-Aus ab 2035 aufweichen – Künftig sollen nur noch neunzig statt einhundert Prozent CO₂-Reduktion für Neuwagen gelten. „Wenn Politiker sich nicht bei Technikregulierungen heraushalten, fördert das den Populismus weltweit“, sagt EVP-Chef Manfred Weber... --- Wer hat denn das Gesetz geschaffen?
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