Banco Santander SA,hit by worlds largest fraud

The $7.3 billion Fairfield Sentry Fund invested solely with Madoff, taking a cut of 1 percent of assets and 20 percent of gains, which averaged about 11 percent annually in the past 15 years, according to data compiled by Bloomberg. Fairfield Greenwich is one of at least 15 hedge-fund firms and private banks, including Tremont Holdings Group Inc. and Banco Santander SA, that earned similar fees for sending customers’ cash to the 70-year-old money manager. “It’s mind-boggling that people like Tremont and Fairfield Greenwich had been doing this for so long,” said Brad Alford, who runs Alpha Capital...

Read More

Man driving his car against the traffic at 120 kms/hour with a woman hanging on for dear life on the bonnet.

Police in Marbella could not believe what they saw. A scene more at home in a Quentin Taratino film than on the local N340 road. A man driving his car against the traffic at 120 kms/hour with a woman hanging on for dear life on the bonnet.It happened at 4am in the morning last Tuesday, but details have only now been released. Diario Sur newspaper reports that witnesses said the driver was zigzagging and appeared to be trying to get the woman to fall from the car bonnet. The police patrol radioed for support in an attempt to block the way of the car which refused to stop to their sirens. After...

Read More

British pensioners living overseas should be stopped from raking in millions of pounds in winter fuel payments

British pensioners living overseas should be stopped from raking in millions of pounds in winter fuel payments, campaigners are insisting.Charities and OAP groups will next week protest that more than £10million a year is being paid to those who have escaped the chilly UK and retired to the sun.Some 50,000 elderly Britons who have moved permanently abroad are claiming the yearly allowance, worth between £200 and £300, which is supposed to help with winter heating bills.Campaigners have hit out at winter fuel payments made to those living in sunny climates abroad, while elderly UK residents struggle...

Read More

Guardia Civil and the National Police have seized 26,199 kilos of drugs in the Campo de Gibraltar so far this year

The Guardia Civil and the National Police have seized 26,199 kilos of drugs in the Campo de Gibraltar so far this year, compared to the 25,001 kilos seized in 2006 for the same period. More facts: during the first three months of this year they have caught more than the total for 2006; the total street value of the hashish hauls alone amount to €37 milli...

Read More