Limerick businessman jailed for money laundering

first_imgThe Limerick man was jailed for money laundering and drugs offencesA LIMERICK man whose business folded during the economic crash has been jailed for two years for laundering €73,000 and storing €53,000 worth of drugs in what Gardaí described as a “highly sophisticated grow house”.At Limerick Circuit Court this week, Kenneth Moore (46) of Portcrusha, Montpellier pleaded guilty to possessing cannabis and money laundering contrary to Section 7 of the Criminal Justice Money Laundering and Terrorist Financing Act.Sign up for the weekly Limerick Post newsletter Sign Up On June 12, 2013, Gardaí searched a property in county Limerick where they found two shed-like containers. One had been converted into a sophisticated grow house and the other had compartments filled with cannabis behind a false wall.Drugs, cash and a counting machine were found at a stables nearby.Judge Tom O’Donnell was told that 14 cannabis plants found on the property were valued at €800 each while the harvested cannabis had a street value of €37,000. The cash, which was in two bundles, totalled €73,000.Describing Kenneth Moore as a “storehouse man for drugs and the cash”, Judge O’Donnell said that people who get involved in this type of offence must be prepared to accept the circumstances of their actions.As a result of his business failing, he had substantial debts and fell in to difficulty when he was unable to repay money he borrowed from “an unsavoury source”.He said that the sentencing regime provided for a presumptive mandatory minimum prison sentence of ten years, but the court could deviate from that if the circumstances made it unjust to impose such a sentence.There was a substantial amount of drugs and cash involved but Mr Moore had cooperated and was said to have been “at the lower end of the pyramid”. He also had a substantial debt burden and was under duress.After imposing a two year prison term on the drugs and money laundering charges, Judge O’Donnell suspended a second two year sentence for a period of six years. Predictions on the future of learning discussed at Limerick Lifelong Learning Festival NewsLimerick businessman jailed for money launderingBy Staff Reporter – October 29, 2016 2184 Limerick’s National Camogie League double header to be streamed live Twitter Facebook Print RELATED ARTICLESMORE FROM AUTHOR Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” WhatsAppcenter_img Linkedin Email TAGSdrug grow houseKenneth Moorelimerickmoney laundering WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads Advertisement Previous articleLast minute talks with WRC to avert policing crisisNext articleTop flight soloists, full orchestra and chorus for Aida Staff Reporterhttp://www.limerickpost.ie Limerick Ladies National Football League opener to be streamed live Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

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Fannie Mae Securities Update: A Billion-Dollar Offering

first_img Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: Counsel’s Corner: Implementing Technology and Compliance Next: Industry Reacts to Fed’s Latest Cut to Interest Rates Fannie Mae recently announced the winning bidder for its sixteenth Community Impact Pool of non-performing loans. The transaction is expected to close on December 17, 2019 and includes approximately 83 loans totaling $19.1 million in unpaid principal balance (UPB); the loans are geographically focused in the Miami, Florida area. The winning bidder was Matawin Ventures XXIX, LLC (Tourmalet Advisors).The transaction included just one loan pool comprised of 83 loans with an aggregate unpaid principal balance (UPB) of $19,084,409; with an average loan size of $229,933; weighted average note rate of 4.18%; weighted average delinquency of 29 months; and weighted average broker’s price opinion loan-to-value ratio of 87% weighted by UPB.Additionally, the GSE announced that it has priced a $998 million Connecticut Avenue Securities note offering. The offering, CAS Series 2019-R07, is designed to share credit risk on its single-family conventional guaranty book of business.”“We are pleased to successfully bring our seventh CAS REMIC transaction to market this year,” said Laurel Davis, VP of Credit Risk Transfer, Fannie Mae. “Subject to market conditions, we plan to return to market in late November with a new series of CAS notes referencing loans originated under Fannie Mae’s Refi Plus and HARP initiative, as part of ongoing capital management efforts. This will be our final transaction of the year.”The reference pool for CAS Series 2019-R07 consists of approximately 102,000 single-family mortgage loans with an outstanding UPB of approximately $26.6 billion. The majority of these loans were acquired from April through June 2019, and are fixed-rate, generally 30-year term, fully amortizing mortgages.Potential buyers can register for ongoing announcements or training, and find more information on Fannie Mae’s sales of Community Impact Pools of non-performing loans and on the Federal Housing Finance Agency’s guidelines for these sales, on the company’s Whole Loans Sales’ page. Data Provider Black Knight to Acquire Top of Mind 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Related Articles Demand Propels Home Prices Upward 2 days ago Tagged with: Fannie Mae Non-Performing Loan UPB Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Share Save Fannie Mae Securities Update: A Billion-Dollar Offering Servicers Navigate the Post-Pandemic World 2 days agocenter_img October 29, 2019 2,298 Views The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Government, News, Secondary Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Fannie Mae Securities Update: A Billion-Dollar Offering Fannie Mae Non-Performing Loan UPB 2019-10-29 Seth Welborn  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Subscribelast_img read more

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News story: British Military steps up Women, Peace and Security efforts

first_img The incredible work our service personnel are doing from Somalia to South Sudan will help build a more secure and united continent. This will help to set the conditions for trading partnerships across Africa, supporting British and African businesses to create opportunities for everyone. In Somalia, British troops gave a demonstration of the work being done to train Somali forces against the threat from the insurgent group Al-Shabaab, as well as explaining their contribution to the African Union Mission in Somalia (AMISOM) which aims to maintain peace within the country.The Defence Secretary met the President of Somalia, Mohamed Abdullahi Mohamed Farmaajo, to discuss the UK’s continued training to tackle gender-based violence and suppressing the Al-Shabaab threat.Later in Ethiopia Mr Williamson met UK personnel and representatives of agencies working to combat violence against women, as well as making progress on UK-Ethiopian areas of co-operation in talks with Ethiopia’s Defence Minister Motuma Mekassa. Whether fighting for women’s rights through our training teams or suppressing terrorist threats, the UK is a nation with a big heart and we are determined to help our partners when they need us. A prosperous and secure Africa is firmly in our national interest and our Armed Forces are playing a vital role on the continent. During his visit Gavin Williamson thanked troops for their work, which ranges from delivering infantry training for partner militaries tackling terrorism, to teaching soldiers how to prevent and respond to sexual violence against women.In positive meetings with defence ministers across East Africa he said the UK is a trusted partner, committed to promoting prosperity and helping improve the security of people in vulnerable situations by increasing the participation of women and other non-traditional security actors.He opened a Security Sector and Gender training course at the British Peace and Security Training centre outside Nairobi, where hundreds of personnel from a dozen partner nations will be trained in techniques aimed at preventing and responding to sexual violence against women, men and children in conflict areas.As well as confirming that a small training team would deploy to East Africa specifically to help tackle sexual violence, he also agreed an extension to the British Army’s infantry training in Kenya, which thousands of personnel benefit from.He discussed the UN Mission in South Sudan (UNMISS) – where the UK has built a field hospital for peacekeepers – and how British Aid is helping support voter education, women’s participation and local conflict resolution.Defence Secretary Gavin Williamson said:last_img read more

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WHS Daily Bulletin: Friday

first_imgGuidance Office News: College visits during lunch:Wednesday, September 10 – Bethel College.Monday, September 15- Emporia StateThursday, September 18- Cloud County CCFriday, September 26- Kansas University.Thursday, October 2- Fort Hays CollegeMonday, October 6- Newman UniversityMonday, October 6- Washburn University.Tuesday, October 21 – Kansas State.Tuesday, November 11 – Pittsburg State.Thursday, November 13 – Fort Hays State.Follow us on Twitter. *It is not too late to join us on our trip to Ireland, England, Scotland and Wales in June 2015!  If you are interested please see Mrs. Groom for information as soon as possible.  Trip price will go up Oct. 1. *Parking permits are now available. You need one if you drive to school. Please stop by the office to get yours today. *Any sophomores or juniors interested in taking the PSAT, please see Mrs. Hatfield in the counselor’s office by September 25. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow — Today’s Wellington High School bulletin for Friday, Sept. 12, 2014:This week’s schedule: Friday• Football at Goddard EisenhowerSaturday• C-Team VB at Chaparral 9 p.m.• Varsity Tennis at Pratt 9 p.m.• Cross Country at WHS 9:30• ACT TestFriday’s lunch: Sloppy Joe/bun, tortilla chips, sweet potato wedges, baked beans, mixed fruit.Monday’s lunch: Beef and bean burrito/sauce, romaine and tomato, Mexican corn, pears, tortilla chips/salsa.Today’s news: *Fall Athletes: Please stop by the office during your lunch today to sign a poster for the Crusader Club Golf Tournament. *Experience a day in the life of a Shocker! Don’t miss out on Wichita State University’s Junior and Senior Days this fall. At these events you will explore the different academic majors and student involvement opportunities WSU has to offer. Students will also have the opportunity to tour campus and Koch Arena, home of Shocker Basketball. If you are interested in attending, please visit the counseling webpage under Camps, Senior/Junior Days. *Students enrolled in Agriculture classes may pay their FFA dues to Mrs. Chase.  Dues are set at $25 and need to be paid by Sept. 25. *There will be a hunter safety clinic offered again this fall here at WHS on September 13 and 14. You must be present both days.  The clinic is free and there will be a free lunch on Saturday sponsored by the FFA Chapter.  You may register online at safehunters.com. If you have any questions please talk to Mrs. Chase.  The clinic is open to anyone that is 11 years or older.last_img read more

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