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Henrik Ellefsen
T5PC (or The 5 Percent Community) was a controversial Norwegian Multi-level marketing company that went bankrupt in November 2004. As per November 2004, it had among 50,000 members (most papers claim 70,000, however) it is claimed that its members lost as much as 1 billion NOK ($160 million),Pyramid schemes still abound Aftenposten, November 23, 2004 thus making it one of the biggest economic frauds in Norwegian history. An investigation was undertaken by . Bankers complained that they had alerted Økokrim about problems with T5PC as early as summer 2003. In 2006 Økokrim indicted 4 people involved with T5PC for breach of trust with fraudulent intent. It was founded by Aleksander An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multi-level Marketing
Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system. In multi-level marketing, the compensation plan usually pays out to participants from two potential revenue streams. The first is based on a sales commission from directly selling the product or service; the second is paid out from commissions based upon the wholesale purchases made by other sellers whom the participant has recruited to also sell product. In the organizational hierarchy of MLM companies, recruited participants (as well as those whom the recruit recruits) are referred to as one's ''downline'' distributors. MLM salespeople are, therefore, expected to sell products directly to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Krone
The krone (, abbreviation: kr (also NKr for distinction); code: NOK), plural ''kroner'', is currency of the Kingdom of Norway (including Svalbard). Traditionally known as the Norwegian crown in English. It is nominally subdivided into 100 ''øre'', although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though it is seldom done on impulse. Money is spent mainly on food articles, alcohol, and tobacco, in that order, usually in bulk or large quantities. This is due to considerably ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Økokrim
The National Authority for Investigation and Prosecution of Economic and Environmental Crime ( no, Økokrim) is Norway's central unit for fighting economic and environmental crimes. The unit, created in 1989, has its main office in Oslo. Økokrim is both a police unit and a prosecution authority. The current director is Pål Lønseth. The unit is organized in multidisciplinary teams headed by public prosecutors. Each team has a specific field of expertise, such as corruption, computer crime or fraud. Cases The organization has played an important role in some major legal cases. In 2003, Økokrim arrested Mullah Krekar, alleged leader of the Kurdish Islamist group, Ansar al-Islam. 2002 After Jon Lech Johansen released DeCSS, he was taken to court by Økokrim. The trial opened in the Oslo District Court on 9 December 2002 with Johansen pleading not guilty and the defense, by Electronic Frontier Foundation argued that no illegal access was obtained to anyone else's information, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prison
A prison, also known as a jail, gaol (dated, standard English, Australian, and historically in Canada), penitentiary (American English and Canadian English), detention center (or detention centre outside the US), correction center, correctional facility, lock-up, hoosegow or remand center, is a facility in which inmates (or prisoners) are confined against their will and usually denied a variety of freedoms under the authority of the state as punishment for various crimes. Prisons are most commonly used within a criminal justice system: people charged with crimes may be imprisoned until their trial; those pleading or being found guilty of crimes at trial may be sentenced to a specified period of imprisonment. In simplest terms, a prison can also be described as a building in which people are legally held as a punishment for a crime they have committed. Prisons can also be used as a tool of political repression by authoritarian regimes. Their perceived opponents may be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Borgarting Court Of Appeal
The Borgarting Court of Appeal ( no, Borgarting lagmannsrett) is one of six intermediate courts of appeal in the Kingdom of Norway. The Court is located in the city of Oslo. The court has jurisdiction over the counties of Oslo and western Viken. These areas constitute the Borgarting judicial district ( no, Borgarting lagdømme). This court can rule on both civil and criminal cases that are appealed from one of its subordinate district courts. Court decisions can be, to a limited extent, appealed to the Supreme Court of Norway. The court has 62 judges and 45 administrative staff. The chief judicial officer of the court ( no, førstelagmann) is currently Marianne Vollan. The court is administered by the Norwegian National Courts Administration. Location The Court has its seat in the city of Oslo. Additionally, the Court permanently sits in the town of Drammen. The Court may also sit in other places within its jurisdiction as needed. The main courthouse in Oslo was built in 2005. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oslo District Court
Oslo District Court ( no, Oslo tingrett) is a district court located in Oslo, Norway. This court is based at the Oslo Courthouse in the city of Oslo. The court serves the entire city of Oslo and the court is subordinate to the Borgarting Court of Appeal. As the largest district court in Norway, it handles about 20% of all cases in the country. The court handled 3,000 criminal and 2,200 civil cases, as well as 7,200 summary proceedings in 2007. It is led by a chief justice (), and has 100 appointed professional and deputy judges. These are divided into eight sections. In addition, the court has 105 administrative employees, of which 30 are in central administration, 59 in judicial-related jobs and 16 in security. These are led by a managing director. The court is a court of first instance. Its judicial duties are mainly to settle criminal cases and to resolve civil litigation as well as bankruptcy. The administration and registration tasks of the court include death registration, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraudster
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Companies Of Norway
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
