our Developed immoral world - checking 2014 headines today - Genuine Frauds

New Jounalists at work at   MAG CATALONIA TODAY.

ORAL TASK 2-  C1 SORRY or WORRYING...

  

You are preparing an article titled 

our Developed immoral world

for the new issue of the  MAG. 

Discuss with your partner  

these 3  rusty news  you want to use

You may find worth  evaluating 

what exactly the headlines mean. 

   

          TIPS: 

•  So long to catch them red handed? 

• React to ONE headline

• Heard of similar events around?

• elaborate: odd or normal?

1) German motoring club ADAC reveals ‘car of the year’ fraud

The 19-million member Allgemeine Deutsche Automobil Club  is Europe’s largest motoring organisation. In a nation renowned for worshipping the car, it has for decades served as a powerful political lobby and ostensibly as a champion of drivers’ interests. 

But today that reputation was shattered following an admission by Michael Ramstetter, the ADAC’s communications chief executive, that he had for years falsified voting results in the club’s annual so called “Golden Angel” competition – a highly regarded membership ballot which chooses Germany’s favourite car of the year.Mr Ramstetter, 60, admitted to Germany’s Süddeutsche Zeitung that he had increased the number of ADAC member votes tenfold for this year’s award which went to the Volkswagen Golf. “I have been bloody silly,” he  said.

           The Independent             

ADAC admits making up car award votes

2) Vatican cleric Scarano charged with money-laundering

A senior Italian cleric (accountant over 20 years) has been charged with laundering millions through the Vatican bank, police say. 

Monsignor Nunzio Scarano is already on trial and under house arrest on separate charges of plotting to smuggle 20m euros ($26m; £17m) into Italy.
The former Vatican accountant and two other people were served with arrest warrants on Tuesday, police said.

3)  Theft of Data Fuels Worries in South Korea

SEOUL, South Korea — A string of senior executives at three credit card companies in South Korea offered to resign on Monday after a huge theft of client data that may have affected 20 million people in this nation of 50 million.

Prosecutors arrested a 39-year-old technician hired by the Korea Credit Bureau, a ratings firm hired to help improve their systems to protect client data. It was subsequently disclosed that the man stole personal information on 104 million credit cards.

The man, identified only his last name, Park, stole the data from May 2012 to December 2013, copying it onto a USB device, prosecutors said. 

The data included the names, phone and South Korean social security numbers, email and residential addresses, salaries, monthly card use and other credit-rating information of clients, the Financial Supervisory Service, a regulatory agency, said in a statement. In many cases, card numbers were stolen as well.

taxes between matrimony patrimony and paradise... who wants to be a patriot.

      Meet us in paradise.
Three stories, three centuries and the same background.

1. The XVI century
The Vatican had the Fugger in the Renaissance:
Jakob Fugger offered to lend count Albrecht the money needed to buy his 3rd diocese. Fugger launched an indulgence campaign on behalf of St Peter’s project for the Vatican. Half the cash raised would go to the Vatican and the other half would pay back his loan in favour of Count Albrecht.
Martin Luther had a say on that.....

2. The XIX century
The USA had their “robber barons”:

the Rockefeller, Vanderbilt, Carnegie, Gould, ... and above all Morgan,  since 1867
Adjectives we could use to describe them:

• bold, 
• guileful, 
• ruthless
•  inhibited by restraints of  conscience
• ................

Sometimes with related cases of moral hipocrisy
when they show the tip of 
the corruption iceberg such as 
from tax evasion to money laundering,
from drug trafficking to arms funding

but
What about the Hispanic branches 
on this side of Europe....

Born in Santander or Majorca,
but it could have been anywhere...

Judge for yourself

3. The XX century

Mr E. Botín - Banco Santander SA  since 1857

news_01
In 2011, the Botín family paid about EUR200 million in back taxes to avoid charges of tax evasion (for the last punitive years) against Mr. Botín and 11 of his relatives involving a Swiss investment account inherited from his father. Spain’s national court closed a tax fraud investigation focused on the family, without bringing charges.

news_02
The origin of the investigation of the Botín family dates back to 2006, when an HSBC Private Bank employee stole data on 24,000 clients who held secret accounts with the lender. The employee subsequently gave the information to the French authorities.


Mr J. March - Banca March  since 1926

(2010) news _03  The Guardian  
March started life as a local banker for Mallorca and the other Balearic Islands. His colourful past allegedly included pig-trading, smuggling and the secret refuelling of submarines (and general profiteering) during the first world war. 

(1961) News_04. TIME He was dubbed "the last pirate of the Mediterranean".

 the world's most mysterious and powerful billionaire. Shrewd and ruthless, the shadowy figure of Juan March has floated across the face of Europe for more than half a century, bringing public officials low, underwriting dictators, helping to finance two world wars