|
Karl Suleman
Karl Suleman was the director of KSE (Karl Suleman Enterprises) and all the companies within the Froggy Group. He was part of the largest Ponzi scheme in Australian history which was associated with budget internet company Froggy, fronted by Suleman and funded with the help of $300 million raised from 20,000 investors. Early life Born in Iraq on 16 April 1961 to an Assyrian family, Suleman, was only two years old when his father Emanuel, an air force captain, died in a plane crash. His mother Najiba, widowed at the age of 19, brought him to Australia in 1976 to live with his uncle. After leaving school Suleman worked as a storeman and packer. In 1989 he bought a 7-Eleven store and a second one in the early 1990s. It was also about that time that he saw there was money to be made in the retrieval of shopping trolleys, in early 2000s suleman launched his internet company Froggy. KSE scheme On 30 July 2002, Suleman the co-founder of froggy internet was declared bankrupt, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Refinancing Risk
Refinancing risk, in banking and finance, is the possibility that a borrower cannot refinance by borrowing to repay existing debt. Many types of commercial lending incorporate balloon payments at the point of final maturity. Often, the intention or assumption is that the borrower will take out a new loan to pay the existing lenders. A borrower that cannot refinance their existing debt and does not have sufficient funds on hand to pay its lenders may have a liquidity problem. The borrower may be considered technically insolvent. Even though their assets are greater than their liabilities, they cannot raise the liquid funds to pay their creditors. Insolvency may lead to bankruptcy even if the borrower has a positive net worth. To repay the debt at maturity, the borrower that cannot refinance may be forced into a fire sale of assets at a low price, including the borrower's own home and productive assets such as factories and plants. Most large corporations and banks face this risk ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Businesspeople
Australian(s) may refer to: Australia * Australia, a country * Australians, citizens of the Commonwealth of Australia ** European Australians ** Anglo-Celtic Australians, Australians descended principally from British colonists ** Aboriginal Australians, indigenous peoples of Australia as identified and defined within Australian law * Australia (continent) ** Indigenous Australians * Australian English, the dialect of the English language spoken in Australia * Australian Aboriginal languages * ''The Australian'', a newspaper * Australiana, things of Australian origins Other uses * Australian (horse) Australian (1858 – 15 October 1879) was a British-bred Thoroughbred racehorse and sire. He was exported to the United States where he had modest success as a racehorse but became a very successful and influential breeding stallion. Backgr ..., a racehorse * Australian, British Columbia, an unincorporated community in Canada See also * The Australian (other) * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iraqi Christians
The Christians of Iraq are considered to be one of the oldest continuous Christian communities in the world. The vast majority of Iraqi Christians are indigenous Eastern Aramaic-speaking ethnic Assyrians who claim descent from ancient Assyria, and follow the Syriac Christian tradition. Some are also known by the name of their religious denomination as well as their ethnic identity, such as Chaldo-Assyrians, Chaldean Catholics or Syriacs (see Terms for Syriac Christians). Non-Assyrian Iraqi Christians are largely Arab Christians and Armenians, and a very small minority of Kurdish, Shabaks and Iraqi Turkmen Christians. Most present-day Iraqi Christians are ethnically, linguistically, historically and genetically distinct from Kurds, Arabs, Iranians, Turks and Turkmens (as well as from fellow Syriac Christians in Western Syria, Lebanon, Jordan and South Western Turkey). Regardless of religious affiliation ( Assyrian Church of the East, Chaldean Catholic Church, Syriac Orthodo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horningsea Park
Horningsea Park is a heritage-listed homestead at Camden Valley Way, Horningsea Park, City of Liverpool, New South Wales, Australia. It was designed by Joshua John Moore and built from 1830 to 1839. The property is owned by Liverpool City Council. It was added to the New South Wales State Heritage Register on 2 April 1999. History Horningsea Park was one of Governor Lachlan Macquarie's large pastoral grants made following the establishment of Liverpool in the 1810s. The 500-acre property was granted to Lieutenant Joshua John Moore in 1819.Keating, 1995 The grant was conditional on 50 acres being cultivated within five years.Israel, 2012, 17 Moore was one of the few early settlers allowed to pass through the Cowpastures with cattle in 1821 to his land at Baw Baw. He was the first pastoralist to occupy land on the present site of Canberra and his is the first written mention of that name. In the 1840s Polish explorer and discoverer of Mount Kosciuszko, Paweł Strzelecki li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subcontractors
A subcontractor is an individual or (in many cases) a business that signs a contract to perform part or all of the obligations of another's contract. Put simply the role of a subcontractor is to execute the job they are hired by the contractor for. It is oftentimes a specialized job such as electrical or HVAC and it is the subcontractor's responsibility to execute the work as instructed. A subcontractor (or sub-contractor) is a company or person whom a general contractor, prime contractor or main contractor hires to perform a specific task as part of an overall project and normally pays for services provided to the project. While subcontracting often occurs in building works and in civil engineering, the range of opportunities for subcontractor is much wider and it is possible that the greatest number of subcontractors now operate in the information technology and information sectors of the economy. One hires subcontractors either to reduce costs or to mitigate project ris ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adelaide
Adelaide ( ) is the capital city of South Australia, the state's largest city and the fifth-most populous city in Australia. "Adelaide" may refer to either Greater Adelaide (including the Adelaide Hills) or the Adelaide city centre. The demonym ''Adelaidean'' is used to denote the city and the residents of Adelaide. The Traditional Owners of the Adelaide region are the Kaurna people. The area of the city centre and surrounding parklands is called ' in the Kaurna language. Adelaide is situated on the Adelaide Plains north of the Fleurieu Peninsula, between the Gulf St Vincent in the west and the Mount Lofty Ranges in the east. Its metropolitan area extends from the coast to the foothills of the Mount Lofty Ranges, and stretches from Gawler in the north to Sellicks Beach in the south. Named in honour of Queen Adelaide, the city was founded in 1836 as the planned capital for the only freely-settled British province in Australia. Colonel William Light, one of Adelaide's foun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cairns
Cairns (, ) is a city in Queensland, Australia, on the tropical north east coast of Far North Queensland. The population in June 2019 was 153,952, having grown on average 1.02% annually over the preceding five years. The city is the 5th-most-populous in Queensland, and 15th in Australia. The city was founded in 1876 and named after Sir William Wellington Cairns, following the discovery of gold in the Hodgkinson river. Throughout the late 19th century, Cairns prospered from the settlement of Chinese immigrants who helped develop the region's agriculture. Cairns also served as a port for blackbirding ships, bringing slaves and indentured labourers to the sugar plantations of Innisfail. During World War II, the city became a staging ground for the Allied Forces in the Battle of the Coral Sea. By the late 20th century the city had become a centre of international tourism, and in the early 21st century has developed into a major metropolitan city. Cairns is a popular tourist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liquidator (law)
In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution. Liquidator is a person officially appointed to 'liquidate' a company or firm. Their duty is to ascertain and settle the liabilities of a company or a firm. If there are any surplus, then those are distributed to the contributories. Origins In English law, the term "liquidator" was first used in the Joint Stock Companies Act 1856. Prior to that time, the equivalent role was fulfilled by "official managers" pursuant to the amendments to the Joint Stock Companies Winding-Up Act 1844 passed in 1848 - 1849. Powers In most jurisdictions, a liquidator's powers are defined by statute. Certain powers are generally exercisable without the requirement of any approvals; others may require sanction, either by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily Telegraph (Sydney)
''The Daily Telegraph'', also nicknamed ''The Tele'', is an Australian tabloid newspaper published by Nationwide News Pty Limited, a subsidiary of News Corp Australia, itself a subsidiary of News Corp. It is published Monday through Saturday and is available throughout Sydney, across most of regional and remote New South Wales, the Australian Capital Territory and South East Queensland. A 2013 poll conducted by Essential Research found that the ''Telegraph'' was Australia's least-trusted major newspaper, with 49% of respondents citing "a lot of" or "some" trust in the paper. Amongst those ranked by Nielsen, the ''Telegraph'' website is the sixth most popular Australian news website with a unique monthly audience of 2,841,381 readers. History ''The Daily Telegraph'' was founded in 1879, by John Mooyart Lynch, a former printer, editor and journalist who had once worked on the ''Melbourne Daily Telegraph''. Lynch had failed in an attempt to become a politician and was lookin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Clinton
William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992, and as attorney general of Arkansas from 1977 to 1979. A member of the Democratic Party, Clinton became known as a New Democrat, as many of his policies reflected a centrist "Third Way" political philosophy. He is the husband of Hillary Clinton, who was a senator from New York from 2001 to 2009, secretary of state from 2009 to 2013 and the Democratic nominee for president in the 2016 presidential election. Clinton was born and raised in Arkansas and attended Georgetown University. He received a Rhodes Scholarship to study at University College, Oxford and later graduated from Yale Law School. He met Hillary Rodham at Yale; they married in 1975. After graduating from law school, Clinton returned to Arkansas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.png "Click for more on -> Bill Clinton")