Press release: Pension directors banned from running companies for 21 years

first_imgGleeson Bessent Trustee Services (GBTS) and Gleeson Bessent Trustees (GBT), based in Preston, were wound up in the public interest by the courts in March 2017.Investigations by the Insolvency Service into the conduct of the directors has led to the four directors giving disqualification undertakings totaling 21 years , which means they cannot run a company directly or on behalf of someone else.Roger Bessent, of Lytham St Annes, and Tracy Park, of Freckleton, were directors of GTBS, while Roger Bessent, Matthew Bessent, of Preston, and Neil O’Donnell, of Poulton-le-Fylde, were all directors of GBT.GBTS provided pension trustee and administration services to numerous occupational pension schemes and GBT was the trustee of three of those schemes.In their undertakings, the four former directors accepted they failed to ensure GBTS and GBT properly performed their roles as a Trustee of the pension schemes and as a result, member’s funds were exposed to greater levels of risk than that specified in standard guidance issued by The Pensions Regulator (TPR).The former directors accepted six instances of unfit behaviour, including failing to comply with pension legislation and TPR guidance on what is expected of Trustees, as well as operating with a lack of transparency designed to persuade or encourage the public, who were not sophisticated investors, to transfer pension funds into pension schemes which relied on high risk investments.With bans effective since last November, Roger Bessent is disqualified for 9 years, Tracy Park for 5 years and Neil O’Donnell for 3-and-a-half years.And more recently, Matthew Bessent was disqualified for 3-and-a-half years effective from 27 June 2018.Scott Crighton, Group Leader from the Insolvency Service, said: Notes to editorsGleeson Bessent Trustee Services Ltd (CRO: 07235880) was incorporated in April 2010 and Gleeson Bessent Trustees Ltd (CRO: 08207804) was incorporated in September 2012.In giving their disqualification undertakings, Roger Bessent, Tracy Park, Matthew Bessent and Neil O’Donnell did not dispute that: act as a director of a company take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership be a receiver of a company’s property You can also follow the Insolvency Service on: Media Manager 0303 003 1743 This service is for journalists only. For any other queries, please contact the Insolvency Enquiry Line.For all media enquiries outside normal working hours, please contact the Department for Business, Energy and Industrial Strategy Press Office on 020 7215 1000. Twitter For further details on Matthew Bessent’s disqualification click here.A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot: Press Office Office currently closed during the coronavirus pandemic. LinkedIn Directors who fail in these duties will be investigated and removed from the corporate arena for a lengthy period. Disqualification undertakings are the administrative equivalent of a disqualification order but do not involve court proceedings.Persons subject to a disqualification order are bound by a range of other restrictions.The Insolvency Service administers the insolvency regime, investigating all compulsory liquidations and individual insolvencies (bankruptcies) through the Official Receiver to establish why they became insolvent. It may also use powers under the Companies Act 1985 to conduct confidential fact-finding investigations into the activities of live limited companies in the UK. In addition, the agency authorises and regulates the insolvency profession, deals with disqualification of directors in corporate failures, assesses and pays statutory entitlement to redundancy payments when an employer cannot or will not pay employees, provides banking and investment services for bankruptcy and liquidation estate funds and advises ministers and other government departments on insolvency law and practice.Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available. Email [email protected] Companies handling money on behalf of others have a duty to ensure that funds are properly managed. YouTube GBTS and/or GBT failed to comply with the terms of the Governance Statement of a pension scheme of which they were Trustee GBTS and/or GBT failed to comply with the statement of investment principle (“SIP”) of a pension scheme of which they were trustee the Pension Regulator has issued guidance for Trustees outlining responsibilities placed on scheme Trustees and explaining what Trustees need to do in order to comply with the law, the Pensions Act 1995 and the Pensions Act 2004. GBTS and/or GBT failed to comply with that guidance or the provisions of the pension legislation GBTS and/or GBT made investments in companies where the accounts and instruments did not reflect the investment made. GBTS and/or GBT failed to carry out their functions as Trustees/administrators by failing to ensure that sufficient share certificates to support investments were received and/or to satisfy themselves that there was sufficient evidence of the existence of the investment GBTS and/or GBT operated with a lack of transparency designed to persuade or encourage members of the public, who were not sophisticated investors, to transfer pension funds into pension schemes which relied on high risk investments GBTS and GBT offered contrived and artificial ‘employment’ to members in order to circumvent what was considered to be the guidance at the time requiring the need for members to be employed by the sponsoring employer of the occupational pension schemelast_img read more

Governor Douglas Announces First Brownfields Grant

first_imgFOR IMMEDIATE RELEASE:December 29, 2005Contact: David MaceVermont Agency of Commerce and Community Development(802) 828-5229GOVERNOR DOUGLAS AWARDS OVER $301,000 TO CITY OF MONTPELIER FOR BROWNFIELDS CLEANUP AND HOUSING PILOT PROJECTMONTPELIER Governor Jim Douglas announced over $301,000 in Community Development Program grants to the City of Montpelier, including the first grant designed to help clean up and develop contaminated property.Over half of this amount, $194,336, is the first award of Vermont Community Development Program (VCDP) funds for the Governors Vermont Brownfields Initiative.”I am very excited that these projects will help clean up a contaminated site for redevelopment within the downtown and create much needed affordable housing,” Governor Douglas said.The Vermont Brownfields Initiative was launched in April 2005 to expedite the clean-up and redevelopment of brownfields sites throughout the state.It is a collaboration of the Agency of Commerce and Community Development and the Agency of Natural Resources to bring together expertise in economic and community development as well as technical environmental review to bring forth well planned, properly financed projects that meet the needs of the community.The brownfields project in Montpelier will be using VCDP funds along with $187,933 in leveraged funds to assist in the clean up of hazardous materials found in the soils of property on Stonecutters Way in downtown Montpelier. Redevelopment and reuse of the cleaned-up property within two years is a requirement of the grant.The other award to the City of Montpelier, $106,700, will be used to initiate a pilot program called the One More Home Campaign, which will provide technical assistance and incentive grants to single family homeowners who are interested in adding accessory apartments within their homes or within a detached structure on their lot.The ultimate goal of the pilot program is to increase the stock of affordable housing throughout the city, consistent with the Governor’s Homes For Vermonters draft proposal.Governor Douglas stressed the dedication of community leaders and volunteers who work cooperatively with the State of Vermont to support and improve the quality of life for Vermonters.The Vermont Agency of Commerce and Community Development awards the competitive grants, based on recommendations of the Vermont Community Development Board and approval of Secretary Kevin Dorn.2005 Cycle III Implementation Grants$301,036 City of Montpelier: Grant to fund the One More Home Campaign, a public service program to provide technical assistance to single family homeowners to add accessory apartments to their homes. Grant to remediate brownfield sites at the former Salt Shed and adjacent Turntable Park on Stone Cutters Way. The remediation will enable redevelopment and re-use of both sites.For additional information about the Governors Vermont Brownfields Initiative, please see the Agency of Commerce and Community Development website at: http://www.dhca.state.vt.us/brownfields/index.htm(link is external). For information about the Vermont Community Development Program, please see the Agency of Commerce and Community Development website at: http://www.dhca.state.vt.us/VCDP/index.htm(link is external)last_img read more

North Fork Mom DWI in Crash With Baby, Cops Say

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 22-year-old Mattituck woman was arrested for drunken driving after she crashed her car with her 17-month-old baby aboard in Jamesport early Tuesday morning, Riverhead Town Police said.Lindsay Marino was driving on Main Road when she crashed her vehicle near the corner of Tuthills Lane at around 1:30 a.m., police said.Officers who responded to the scene found her to be under the influence of alcohol, police said.She and the infant were taken to Peconic Bay Medical Center as a precaution and then released.Marino was charged with endangering the welfare of a child and driving while intoxicated with a child 15 years old or younger, a felony under Leandra’s Law.She will be arraigned at Riverhead Town Justice Court.last_img read more

Did Nostradamus Predict Trump Presidency & Destruction of United States?

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Michel de Nostredame, better known as Nostradamus, was a 16th century French apothecary, aka modern-day pharmacist, who many believe predicted future world events. Crediting much of his visions to astrology, meditation and possibly flame gazing—catching glimpses of the future through trances induced by fire—he described what he saw in the form of quatrains, four-line poems, organizing them into centuries, and publishing more than 350 in the first edition of his legendary 10-volume Les Propheties aka The Prophecies in 1555.Nostradamus has been credited with foretelling nearly every major tumultuous historical event in the past 450 years, from epic floods, apocalyptic fires and massacres to the ascension of Napoleon and Adolf Hitler—the latter referred to as “Hister” in his texts; both interpreted to be the first two of three antichrists he foresaw—the two world wars, September 11, 2001 terror attacks and destruction of the World Trade Center.A recent analysis of several of Nostradamus’ quatrains has some believing that the legendary prophet has also indeed predicted billionaire-turned-realty TV personality-turned-U.S. President-Elect Donald Trump’s stunning clenching of the 2016 presidential election—as well as its apocalyptic aftermath.RELATED: Long Island Haunts: 13 Creepiest Haunted Places On Long IslandTrump’s unprecedented triumph over presumed Democratic victor former U.S. Secretary of State Hillary Clinton is perhaps the greatest upset in U.S. political history, with the Republican’s surge to the White House through battleground states largely unforeseen among pollsters. Though Clinton won the popular vote, Trump seized the all-important electorate vote.The real estate mogul, as known for his brash, unapologetic style and off-the-cuff tirades—encompassing everything from the need for a physical wall to be constructed between the United States and Mexico to keep undocumented immigrants out and the establishment of a Muslim database to keep dibs on followers of Islam, and countless sexist comments, most infamously, perhaps, his “Grab them by the pussy” remarks championing sexual assault against women—as his signature blonde hair, will soon be crowned the most powerful elected official in the free world. As such, the short-fused president will have direct access to the second-largest stockpile of nuclear warheads on the globe and its second-largest army.Besides immigration, Trump’s other chief campaign promises include dismantling the country’s universal health care system, aka Obamacare, currently covering approximately 22 million people, restructuring the media industry, obliterating the extremist death cult ISIS, and renegotiating global trade agreements.Thus, to say that many in the United States and overseas are fearful would be a gross understatement. As the mass anti-Trump #NotMyPresident protests of thousands that have been flooding cities across the United States since Nov. 9 are testament, many are also angry.So, did Nostradamus Predict Trump Presidency & Consequential End Of World? Below are several of Nostradamus’ quatrains that some interpret to directly correlate to the recent 2016 U.S. presidential election—also the subject of a recent special presentation by history.com. Before we begin, however, it’s important to address some of the criticism of his works. Naysayers argue that Nostradamus’ verses are cryptic, overly broad, and therefore, can be appropriated to match or corroborate nearly any event or disaster. Related: 5 Real-Life ‘Stranger Things’-Montauk, Long Island ParallelsTrue, these texts are, in fact, open-ended in nature. It’s critically important, however, to understand their code-like origins. Astrology in the Middle Ages was widely used to help diagnose and treat those who were ill and requiring medical assistance, and as an apothecary and healer, Nostradamus traveled throughout Europe using science and studying the stars and constellations to aid those stricken with the plague. At some point along his travels, he became fascinated with the occult. In 1550 and subsequently annually, he authored an almanac and calendars, gaining a reputation as a seer, and often sought out by nobility for horoscopes and to give psychic advice. Yet such divinities were not aligned with the stringent teachings of the Catholic Church, interpreted as derivations of evil and magic, and considered heresy by devout followers. Thus, Nostradamus reportedly arranged his visions in poetic verse to disguise their true meanings and escape the imprisonment or executions rampant during the Inquisition, when those deemed heretics were sought out and punished for their perceived crimes. In truth, visions of the future could have gotten him killed.With that preface, we move on with the hunt, so to say.In chronological order of the verses, Nostradamus writes in Century I, Quatrain 57:The trumpet shakes with great discord.An agreement broken: lifting the face to heaven:the bloody mouth will swim with blood;the face anointed with milk and honey lies on the ground. The “trumpet” in the first verse is perhaps the most blatant indication among believers that Nostradamus is foreseeing the 2016 presidential election, with the renowned seer literally citing Donald Trump by name. That he “shakes with great discord” could be a reference to nearly any of the president-elect’s public appearances, whether in interviews, along the campaign trail, or during the debates, oftentimes pointing or waving his hands in the air and speaking in loud, bombastic and threatening tones. The second verse’s “agreement broken” could represent any number of shattered pacts throughout his often vitriolic road to the White House, from Trump’s breaking ranks within the Republican Party—many of whom publicly denouncing him as their candidate, or even the foreboding possibility of the future President Trump backtracking on any of his promises to “Make America Great Again.” “The face to heaven” could symbolize dismayed voters’ prayers for a safe future, or even the rampant religiously inspired violence that has been sweeping the globe in recent years, such as the resurrection of holy wars between extremists. The horrifying third verse “the bloody mouth will swim with blood” obviously foretells of some horrific calamity, perhaps any of the massacres currently raging across the Middle East, from the killing fields of Syria and Yemen to the still unfolding bloodbaths across Iraq and Afghanistan. “The face anointed with milk and honey lies on the ground,” could be a reference to the destruction of either Israel or America. Century II, Quatrain 46 states:After great trouble for humanity, a greater one is preparedThe Great Mover renews the ages:Rain, blood, milk, famine, steel and plague,Is the heavens fire seen, a long spark running.These verses are pretty much self-explanatory, ominously foreshadowing a horrific fate of some kind and actually naming “blood,” “famine” and “plague”—all gruesome. “The Great Mover” could be a reference to Trump, in that the few details of his stated immigration policy, besides the wall, Muslim database and a ban on Muslims entering the United States also includes a promise to deport undocumented immigrants, who number more than 11 million. That would indeed be a very large move. The verse “Is the heavens fire seen, a long spark running” may be a reference to nuclear missiles, the “long spark running” its rocket’s tail. In Nostradamus’ Century III, Quatrain 81, he writes:The great shameless, audacious bawler,He will be elected governor of the army:The boldness of his contention,The bridge broken, the city faint from fear. The “great shameless, audacious bawler” could again be Trump, who is all of those adjectives. That “He will be elected governor of the army” in the second verse could obviously represent his election to the U.S. presidency, as the U.S. president becomes the nation’s commander-in-chief of all its Armed Services, including the U.S. Army—viewed as the most powerful in the world. The third verse’s “boldness of his contention” could again signify Trump, as his controversial declarations, attacks, and relentless Tweets are all examples. “The bridge broken, the city faint from fear” could be interpreted as the divisiveness permeating the U.S. citizenry in the wake of the election—the last half of that verse a possible reference to the aforementioned fear expressed by the thousands marching through the streets in protest of his winning bid for the White House, notably, New York City, where demonstrations have been consistent outside Trump Towers. Century VI, Quatrain 97 At forty-five degrees the sky will burn,Fire to approach the great new city:In an instant a great scattered flame will leap up,When one will want to demand proof of the Normans. This is perhaps one of the most horrifying verses yet. “At forty-five degrees” could be interpreted as a direct reference to Donald Trump, soon to be inaugurated the 45th president of the United States, and “the sky will burn, Fire to approach the great new city: In an instant a great scattered flame will leap up” perhaps missiles, an atomic explosion, or a nuclear holocaust, which would created massive fire and incineration and mushroom clouds. “When one will want to demand proof of the Normans” could possibly represent a so-called “false flag” event in which such an attack would be blamed on foreign powers, yet instigated or committed by others. All of these scenarios are bone-chilling to contemplate, to say the least.Related: Sonic Boom, Earthquake, Government Cover-Up, Meteor, Or Something More Sinister?Nostradamus’ Century VIII quatrains contain some of the most chilling verses possibly pertaining to the 2016 U.S. presidential election of all, seemingly describing both Hillary Clinton and the many debacles that plagued her campaign throughout the past year, including her WikiLeaks scandals, perception among voters, and perhaps even Benghazi. Here they are in succession.Century VIII, Quatrain 15 foretells:The masculine woman will exert herself to the northShe will annoy nearly all of Europe and the rest of the world.Two failures will put her in such an imbalanceThat both life and death will strengthen Eastern Europe With no disrespect, the “masculine woman” Nostradamus glimpses in the vision described in the first verse could be Hillary Clinton, as someone from the Middle Ages could arguably interpret her modern-day wardrobe and pantsuits extremely masculine in nature. Her critics haven’t been shy about describing her as cold, emotionless, or even robotic-like either, all traits perhaps more typically ascribed to men. “Exert herself to the north” could be Clinton’s long-running attempt for the White House, as Washington, D.C. is geographically northeast of her original home state of Arkansas. That she will “annoy nearly all of Europe and the rest of the world” could be a reference to her role as U.S. Secretary of State. The “two failures [that] will put her in such an imbalance” some may interpret to be her controversial use of a private server for state department emails (more on this soon) and perhaps even the controversy surrounding her handling of the 2012 Benghazi attack against the American diplomatic compounds in Benghazi, Libya, in which U.S. Ambassador J. Christopher Stevens was killed. It could also be a veiled reference to widely circulated allegations that Clinton abused her dual role as U.S. Secretary and head of international nonprofit Clinton Foundation to profit personally. All of these issues were used by Trump to criticize and delegitimize her candidacy, with “Lock Her Up” emerging as a popular chant at his rallies. The final verse citing “life and death” and “Eastern Europe” could represent the conflict in Ukraine, Russia—with Russian President Vladimir Putin and alleged Russian hackers both popular topics invoked by Trump and Clinton throughout the campaign—or perhaps, the North Atlantic Treaty Organization, an alliance that Trump mentioned more than once along the road to the White House.Related: 5 Paranormal Oddities Reported on Long IslandCentury VIII, Quatrain 20 predicts:The false message about the rigged electionto run through the city stopping the broken pact;voices bought, chapel stained with blood,the empire contracted to another one. “The false message about the rigged election” so ominously referenced by Nostradamus could obviously be interpreted as a direct reference to Trump’s blatantly false allegation that the 2016 U.S. presidential election was, in fact, “rigged.” (He’s not complaining anymore.) “To run through the city stopping the broken pact” could be a reference to his residence in New York City, and “voices bought, chapel stained with blood” and “the empire contracted to another one” could be an allusion to the theory circulating around present-day conspiracy circles that the Russian government, and Russian President Vladimir Putin specifically, has secretly and purposely been aiding Trump’s ascension, whether, as Clinton consistently alleged, by hacking her emails and supplying them to WikiLeaks, or by covertly funding the former reality TV personality, or even blackmailing him, to destabilize the United States and its global allies. In this scenario, the last verse could mean that the presidency is, in fact, contracted to Putin, or, another interpretation could be Clinton’s winning of the popular vote. Century VIII, Quatrain 23 foreshadows: Letters are found in the queen’s chests,No signature and no name of the author.The ruse will conceal the offers;so that they do not know who the lover is. The first verse here “Letters are found in the queen’s chests” can easily be interpreted to mean the hundreds of thousands of emails—aka, modern-day “letters”—from Hillary Clinton’s time as U.S. Secretary of State that were stored on a private server in her New York residence and published online by WikiLeaks. Its second verse “No signature and no name of the author” could possibly be a reference to the unknown source or sources who leaked them to the whistleblower site. Clinton insisted during the debates that they were stolen through cyberattacks orchestrated by Russian hackers, who were thus tampering with the presidential election in a covert effort to get Trump elected. To date, nobody is sure where they came from. “The ruse will conceal the offers; so that they do not know who the lover is” could represent the aforementioned scenario of a Russian scheme for Moscow to control the U.S. presidency, via Trump, and distract the public and authorities from investigating or realizing the true intention of the disclosures and ploy. It could also be a reference to the alleged scenario that Trump was being funded, supported, or blackmailed by Russia—“lover,” in either scenario, being Russia or Putin. Whether or not any of the hypothetical scenarios and translations contained in this column are, in fact, true, remains unclear. Yet if so, Nostradamus predicted all of this more than 450 years ago, and foretold of much worse to come. That’s for another post.For now, it’s all open to interpretation.Stay tuned.Whether or not 16th Century visionary Nostradamus predicted billionaire Donald Trump’s triumphant 2016 U.S. presidential election bid is open to interpretation. (Art: ‘The Portrait of Michel de Nostredame’ by his son César de Nostredame; WikiMedia Commons)last_img read more

Texas Southern, Southern meet in SWAC semis

first_img March 12, 2020 Texas Southern, Southern meet in SWAC semis Associated Press SUPER SENIORS: Texas Southern has benefited heavily from its seniors. Tyrik Armstrong, Yahuza Rasas, Justin Hopkins and Eden Ewing have combined to account for 56 percent all Tigers points this season.ACCURATE ARMSTRONG: Armstrong has connected on 42.4 percent of the 59 3-pointers he’s attempted. He’s also made 84.7 percent of his free throws this season.WINLESS WHEN: Texas Southern is 0-8 when scoring fewer than 63 points and 16-8 when scoring at least 63.ASSIST RATIOS: The Jaguars have recently used assists to create baskets more often than the Tigers. Southern has 40 assists on 81 field goals (49.4 percent) over its past three games while Texas Southern has assists on 33 of 80 field goals (41.3 percent) during its past three games.DID YOU KNOW: Texas Southern has attempted the fourth-most free throws in all of Division I. The Tigers have averaged 24.6 free throws per game, including 26.9 per game against conference opponents.___center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditNo. 3 seed Texas Southern (16-16, 13-6) vs. No. 2 seed Southern (17-15, 14-5)Southwestern Athletic Conference Tourney Semifinals, Bartow Arena, Birmingham, Alabama; Friday, 8:30 p.m. EDTBOTTOM LINE: Texas Southern is ready to face Southern with the winner securing a spot in the SWAC championship game. The teams split the regular season series at one win apiece. The teams last went at it on March 5, when the Jaguars shot 61.7 percent from the field while holding Texas Southern to just 46 percent en route to an 89-74 victory. For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comlast_img read more