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David Murcia Guzman
D.M.G. Grupo Holding S.A better known by its acronym DMG is a controversial Colombian company, intervened and disbanded since November 18, 2008 by the Colombian government, under the suspicion of money laundering and illegal money catchment by using the Ponzi scheme. Structure Unlike the pyramid scheme, people in DMG could buy a prepaid card from 100,000 Colombian pesos, which could be used to buy a wide range of articles and services offered by DMG subsidiaries. These products and services were all provided by DMG subsidiaries and they ranged from food and home appliances to cosmetic surgeries. five to seven months after purchasing the prepaid card, investors had the right to receive 75% to 150% of the money they invested in cash, according to the amount of money invested and how many new clients they had introduced to the company. According to the owner and president of DMG, David Murcia Guzman, this business is supported by the constant flow of money for selling new prepaid ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aviso DMG
An ''aviso'' was originally a kind of dispatch boat or "advice boat", carrying orders before the development of effective remote communication. The term, derived from the Portuguese language, Portuguese and Spanish language, Spanish word for "advice", "notice" or "warning", an ''aviso'', was later adopted by the French Navy, French and Portuguese Navy, Portuguese navies to classify their medium-sized warships designed for Colonization, colonial service. The term continued to be used in the French Navy to classify the patrol frigates until 2012, when the remaining ships of the class were reclassified as Patrol boat, offshore patrol ships. It is equivalent to the modern use of "sloop-of-war, sloop" in other countries. Description The ''Dictionnaire de la Marine Française 1788–1792'' (by Nicolas-Charles Romme) describes ''avisos'' as "small boats designed to carry orders or dispatches". This use became obsolete with the development of means of communicating detailed informat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, the scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate and then stole the money that the women ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Putumayo
Putumayo () is a department of Southern Colombia. It is in the south-west of the country, bordering Ecuador and Peru. Its capital is Mocoa. The word ''putumayo'' comes from the Quechua languages. The verb ''p'utuy'' means "to spring forth" or "to burst out", and ''mayu'' means river. Thus it means "gushing river". History Originally, the southwestern area of the department belonged to the Cofán Indians, the northwestern to the Kamentxá Indians, the central and southern areas to tribes that spoke Tukano languages (such as the Siona), and the eastern to tribes that spoke Witoto languages. Part of the Kamentxá territory was conquered by the Inca Huayna Cápac in 1492, who, after crossing the Cofán territory, established a Quechua population on the valley of Sibundoy, known today as Ingas. After the Inca defeat in 1533, the region was invaded by the Spanish in 1542, and from 1547 was administered by Catholic missions. The current territory of Putumayo was linked to Po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FARC
The Revolutionary Armed Forces of Colombia – People's Army ( es, link=no, Fuerzas Armadas Revolucionarias de ColombiaEjército del Pueblo, FARC–EP or FARC) is a Marxist–Leninist guerrilla group involved in the continuing Colombian conflict starting in 1964. The FARC-EP was officially founded in 1966 from peasant self-defense groups formed from 1948 during the "Violencia" as a peasant force promoting a political line of agrarianism and anti-imperialism. They are known to employ a variety of military tactics, in addition to more unconventional methods, including terrorism. The operations of the FARC–EP were funded by kidnap and ransom, illegal mining, extortion, and taxation of various forms of economic activity, and the production and distribution of illegal drugs. They are only one actor in a complex conflict where atrocities have been committed by the state, right-wing paramilitaries, and left-wing guerrillas not limited to FARC, such as ELN, M-19, and others. Colo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Self-Defense Forces Of Colombia
The United Self-Defences of Colombia (''Autodefensas Unidas de Colombia'', or AUC, in Spanish) was a Colombian far-right paramilitary and drug trafficking group which was an active belligerent in the Colombian armed conflict during the period from 1997 to 2006. The AUC was responsible for retaliations against the FARC and ELN communist organization as well as numerous attacks against civilians beginning in 1997 with the Mapiripán massacre. The militia had its roots in the 1980s when militias were established by drug lords to combat rebel kidnappings and extortion by communist guerrillas. BBCQuick Guide, The Colombian conflict. In April 1997 the AUC was formed through a merger, orchestrated by the ACCU, of local right-wing militias, each intending to protect different local economic, social and political interests by fighting left-wing insurgents in their areas. The National Consortium for the Study of Terrorism and Responses to Terrorism, Terrorist Organization Profile: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Álvaro Uribe
Álvaro Uribe Vélez (born 4 July 1952) is a Colombian politician who served as the 31st President of Colombia from 7 August 2002 to 7 August 2010. Uribe started his political career in his home department of Antioquia. He held offices in the Public Enterprises of Medellín and in the Ministry of Labor and was the director of the Special Administrative Unit of Civil Aeronautics (1980–1982). He became the Mayor of Medellín in October 1982. He was a senator between 1986 and 1994 and finally the Governor of Antioquia between 1995 and 1997 before being elected President of Colombia in 2002. Following his 2002 election, Uribe led an all-out military offensive against leftist guerrilla groups such as the FARC and the ELN with funding and backing from the Clinton and Bush administrations in the form of a 2.8 billion dollars direct foreign aid package called "Plan Colombia", as well as leading a controversial effort to demobilize the right-wing paramilitary group known as the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coca Eradication
Coca eradication is a strategy promoted by the United States government starting in 1961 as part of its "War on Drugs" to eliminate the cultivation of coca, a plant whose leaves are not only traditionally used by indigenous cultures but also, in modern society, in the manufacture of cocaine. The strategy was adopted in place of running educational campaigns against drug usage. The prohibitionist strategy is being pursued in the coca-growing regions of Colombia (Plan Colombia), Peru, and formerly Bolivia, where it is highly controversial because of its environmental, health and socioeconomic impact. Furthermore, indigenous cultures living in the ''Altiplano'', such as the Aymaras, use the coca leaf (which they dub the "millenary leaf") in many of their cultural traditions, notably for its medicinal qualities in alleviating the feeling of hunger, fatigue and headaches symptomatic of altitude sicknesses. The growers of coca are named ''Cocaleros'' and part of the coca production for tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Haven
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Revolutionary Party
The Democratic Revolutionary Party ( es, Partido Revolucionario Democrático, PRD) is a political party in Panama founded in 1979 by General Omar Torrijos. It is generally described as being positioned on the centre-left. History Since its creation, the party had strong ties with the military regime that ruled Panama since the military coup of 1968. Most of its members identified with Torrijos's social policy and the legacy of the Canal Treaties signed a few years before his death. Domestic and international political pressure orchestrated by Torrijos against the United States was viewed as nationalist. Despite his aggressive methods, Torrijos is recognized as one of the most popular leaders Panama has ever had. With the signing of the Canal Treaties, Torrijos committed to restoring at least nominal civilian rule to Panama. To do so, he created the PRD as his political vehicle, and filed to run for president in the 1984 elections against the man he'd overthrown in 1968, Arnulfo A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Balbina Herrera
Balbina Del Carmen Herrera Araúz (born c. 1955) is a Panamanian politician and presidential candidate in the 2009 Panamanian general election. On May 3, 2009, she lost the race to the presidency of the Republic of Panama to center-right candidate Ricardo Martinelli. Career She finished studies in the National Institute and the University of Panama, where she obtained her bachelor's degree with honours in Agronomy Engineering. She also holds post-graduate studies in education. She served as Mayor of San Miguelito, congresswoman, and President of the National Assembly (1994-1995) with the Democratic Revolutionary Party (PRD). When a male legislator once interrupted her to say that women should be at home with her children, she punched him and yelled, "Respect women!" As a National Assembly member in 1994, she opposed outgoing President Guillermo Endara's granting of temporary asylum to 10,000 Haitian boat people, but supported his initiative to abolish the armed forces. In 199 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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