Design 21: Social Design Network

http://www.nfib.police.uk/force-writes-to-potential-fraud-victims.html

City of London Police has written to up to 1,800 people they believe may have been targeted by boiler room fraudsters, after discovering a list of names and addresses as part of an international investigation.

The investigation dubbed Operation Skijump was prompted by information fed into the National Fraud Intelligence Bureau (NFIB).

Police believe people may have been contacted by fraudsters trying to sell company shares that are either worthless or of very little value.

Two men have already been arrested and charged with conspiracy to defraud and conspiracy to money launder.

Officers are asking anyone who invested in the following companies to contact them as soon as possible by emailing skijump@cityoflondon.police.uk

• Hampton Capital Management Incorporated • Pacific Capital Resource Group LLC • Fidelity Capital Management LLC • North Pacific Escrow LLC • North American Charter Incorporated • North Pacific Charter LLC

The banks at which these accounts are held are predominantly:

• Wells Fargo Bank • US Bank • Bank of the West • HSBC Bank USA.

North American Charter Incorporated and Fidelity Capital Management also have accounts at the Bank of Montreal, and North Pacific Charter LLC has an account at the Royal Bank of Canada.

http://www.bp.com/extendedsectiongenericarticle.do?categoryId=9044262&contentId=7077293

The dual-island nation of Trinidad and Tobago punches well above its weight in the global economy, thanks to its plentiful hydrocarbon reserves. The same is true within BP, with operations in Trinidad and Tobago accounting for around 12% of the company's total global oil and gas production. It's a long and fruitful relationship that BP hopes will continue to flourish and grow in the years to come. Five centuries ago, when explorers were sailing the globe in a bid to discover new lands, many passed through Caribbean waters on their way to the Americas. Among them was the British navigator, Sir Walter Raleigh, who – it is said – came across a ‘lake’ of asphalt on the south-western corner of Trinidad in the 1590s. Pitch Lake, as it is known today, is one of the world’s largest natural deposits of this sticky, black substance – created by deep deposits of oil that are forced to the surface, where the lighter elements of the hydrocarbon evaporate to leave behind the heavy asphalt. Adventurers such as Raleigh used the substance to seal their ships’ hulls, before continuing a voyage.

These days, exploration in the region is not about finding new territory to mark on an atlas, but identifying further hydrocarbon deposits hinted at by the ones those early navigators first came across. The expanse of dark viscous material that seeps up through the ground at Pitch Lake provides vis...

Name: TNK-BP Nationality: Russian Federation Nationality: United Kingdom WebAddress: http://www.tnk-bp.com/ General: TNK-BP is a leading Russian oil company and is among the top ten privately-owned oil companies in the world in terms of crude oil production. The company was formed in 2003 as a result of the merger of BP’s Russian oil and gas assets and the oil and gas assets of Alfa, Access/Renova group (AAR). BP and AAR each own 50% of TNK-BP. The shareholders of TNK-BP also own close to 50% of Slavneft, a vertically integrated Russian oil company. TNK-BP is a vertically integrated oil company with a diversified upstream and downstream portfolio in Russia and Ukraine. The company’s upstream operations are located primarily in West Siberia (Khanty-Mansiysk and Yamalo-Nenets Autonomous Districts, Tyumen Region), East Siberia (Irkutsk Region), and Volga-Urals (Orenburg Region). In 2008 the company (including its 50% share in Slavneft) produced on average 1.85 mboed. The independent audit conducted by DeGolyer and MacNaughton confirmed that as of 31 December 2008 TNK-BP’s Total Proved Reserves 10.252 billion barrels of oil equivalent, applying PRMS (formerly SPE) criteria. Proved Reserves constitutes a Total Proved PRMS reserve replacement ratio of 146%. Under SEC methodology on a life of field (LOF) basis, TNK-BP’s Total Proved Reserves were 8.112 billion barrels of oil equivalent. This represents a Total Proved SEC (LOF) reserves replacement ratio of 82%. TNK-BP controls 67...

http://www.fbi.gov/stats-services/publications/financial-crimes-report-2010- Financial Crimes Overview and Priorities: The Federal Bureau of Investigation (FBI) investigates matters relating to fraud, theft, or embezzlement occurring within or against the national and international financial community. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent upon the application or threat of physical force or violence. Such acts are committed by individuals and organizations to obtain personal or business advantage. The FBI focuses its financial crimes investigations on such criminal activities as corporate fraud, securities and commodities fraud, health care fraud, financial institution fraud, mortgage fraud, insurance fraud, mass marketing fraud, and money laundering. These are the identified priority crime problem areas of the Financial Crimes Section (FCS) of the FBI. Mission: The mission of the FCS is to oversee the investigation of financial fraud and to facilitate the forfeiture of assets from those engaging in federal crimes. In fiscal years (FY) 2010-2011, the FCS was comprised of the Asset Forfeiture/Money Laundering Unit (AF/MLU), the Economic Crimes Unit (ECU), the Health Care Fraud Unit (HCFU), the Forensic Accountant Unit (FAU), the Financial Institution Fraud Unit (FIFU), and the Financial Intelligence Center (FIC). The ECU is responsible for significant frauds targeted against individuals, businesses, and industries,...

http://www.express.co.uk/posts/view/352853/Rosneft-is-poised-to-buy-BP-s-holdings-in-Russia

THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group.

http://www.express.co.uk/posts/view/352853/Rosneft-is-poised-to-buy-BP-s-holdings-in-Russia THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group. In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires. After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control. In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline. That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company. BP has made it clear that it retains ambitions to remain in Russia and to expand in the Arctic

As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries. AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finan...

Den långdragna historien om BP: s oroliga ryska joint venture närmat sig en slutsats kväll som det förde samtal om en affär med statliga oljejätten Rosneft. Igor Sechin, vd för Rosneft, flög till London för diskussioner om att köpa ut BP: s 50 procent av aktierna i TNK-BP i en affär som kan vara värd så mycket som £ 17.5billion för FTSE 100-gruppen.

I vilka insiders som beskrivs som "en snabbrörlig situation" och "en omgång politisk balansgång" Rosneft också tittat redo att köpa resterande andel ägs av BP: s partner AAR konsortiet som styrs av en grupp ryska miljardärer.

Efter år av friktionen mellan de två sidorna, både BP och AAR i år signalerade att de kunde sälja ut av partnerskapet eller söka full kontroll.

I en dramatisk rörelse kväll AAR dras ut ur budgivningen för att köpa BP: s andel bara timmar innan dagens deadline.

Som bereder vägen för Rosneft att köpa ut både BP och AAR att få kontroll över den mycket lönsamma TNK-BP affärer och skapa världens största oljebolag.

Som en del av affären BP väntas ta 10 procent av aktierna i det utvidgade ryska verksamheten, vilket ger tillgång till ett av världens viktigaste oljeproducerande länderna.

AAR källor sade att tycoons hade beslutat att inte bjuda eftersom de hade kunnat höja tillräckligt med finansiering i tid och BP hade signalerat att det inte var intresserade av deras erbjudande.

Ett annat stort problem för AAR är att Rosneft redan säkr...

THE long-running saga of BP's troubled Russian joint venture moved closer to a conclusion last night as it held talks on a deal with state-owned oil giant Rosneft. Igor Sechin, chief executive of Rosneft, flew in to London for discussions on buying out BP's 50 per cent stake in TNK-BP in a deal that could be worth as much as £17.5billion for the FTSE 100 group.

In what insiders described as "a fast-moving situation" and "a game of brinkmanship" Rosneft also looked poised to buy the remaining stake held by BP's partner, the AAR consortium controlled by a group of Russian billionaires.

After years of friction between the two sides, both BP and AAR this year signalled they could sell out of the partnership or seek full control.

In a dramatic move last night AAR pulled out of the bidding to buy BP's stake just hours before today's deadline.

That paves the way for Rosneft to buy out both BP and AAR to gain control of the highly profitable TNK-BP business and create the world's largest oil company.

As part of the deal BP is expected to take a 10 per cent stake in the enlarged Russian business, giving it access to one of the world's most important oil-producing countries.

AAR sources said the tycoons had decided not to bid because they had been unable to raise sufficient finance in time and BP had signalled it was not interested in their offer.

Another major problem for AAR is that Rosneft had already secured backing from a number of key banks who were un...

Suspended IAS officer B.P. Acharya on Friday advanced an argument in court seeking bail as the three-month time limit set by the High Court for the CBI to complete the investigation against him in the Emaar township scam ended on August 23. Moreover, the ‘mastermind’ of the scam, by the CBI’s own admission – Koneru Prasad – was recently given bail by the High Court, Acharya’s counsel V. Surender Rao informed the court. This is the third bail application by Acharya since his arrest on January 30.

Mr. Rao said the arrest of his client itself was malafide as a voluminous charge-sheet in the case was filed by the CBI within two days of picking him up.

“The charge-sheet could not have been written in those two days when he was in the custody of CBI.”

Approval not sought Moreover, the CBI did not seek approval of the Central government in investigating charges against him as required by the Delhi Special Police Establishment Act which was enacted for the purpose of corruption cases.

He reminded the court about a judgment of the Supreme Court which said that the trial courts need not consider the danger of accused tampering evidence if they were released after the charge-sheet was filed.

No pecuniary advantage The allegations against Acharya were in the nature of omissions and commissions which did not result in any pecuniary advantage to him, he added.

WATCH VIDEO AT: http://www.youtube.com/watch?v=pIlnra9YjO0

http://mundobpholdings.wordpress.com/tag/acharya-scam-review/

Tesoro Corp.’s buyout of BP plc’s refinery in California, once finalized, will make the San Antonio petroleum company the biggest refiner in the state and also significantly expand its retail holdings.

Tesoro announced Monday its plans to acquire BP’s 266,000-barrel-per-day refinery in Carson, Calif. However, the purchase also includes a retail network of about 800 dealer-operated gas stations in Southern California, Nevada and Arizona as well as the ARCO and ampm convenience store brands.

These independently owned and operated stores currently buy an average of 245,000 gallons per month wholesale from the BP refinery.

This agreement with London-based BP is expected to bolster Tesoro’s existing retail network, which currently consists of more than 1,375 branded stations — including nearly 590 company owned gas stations that operate under the Tesoro, USA Gasoline and Shell brands.

The Carson refinery is located south of Los Angeles. Tesoro intends to integrate that refinery with its existing 97,000-barrel-per-day refinery in Wilmington, Calif. Tesoro also owns a 166,000-barrel-per-day refinery in Martinez, Calif.

The purchase also includes three marine terminals; four land storage terminals; four product marketing terminals; and more than 100 miles of pipelines. Tesoro will have pipeline access to Los Angeles International Airport.

The total deal is valued at $2.5 billion.

San Antonio-based Tesoro ...