Charges were unsealed against Romanian national Nicolae Popescu, currently a fugitive, along with five of his compatriots and one Albanian who also remain at large. U.S. law enforcement officials have issued alerts for the men through Interpol, the international police agency.
Popescu, 33, is accused of leading a crime ring that placed fake listings on e-commerce websites including eBay (EBAY, Fortune 500), Cars.com, AutoTrader.com, and CycleTrader.com. The listings were for high-value items, including cars, motorcycles and boats.
The men also allegedly sold nonexistent vehicles through websites they created for phony dealerships.
Prosecutors estimate that the group earned more than $3 million from the alleged scheme between 2011 and 2012. Popescu predicted that "criminals will not be extradited from Romania to U.S.A. . . . [I]t will never happen," according to a 2011 recording cited in the charging documents.
Best High Tech Companies To Buy Right Now: ING Group N.V. (IGK)
ING Groep N.V., a financial services company, provides banking, investment, life insurance, and retirement services for individuals, families, small businesses, corporations, institutions, and governments worldwide. The company provides savings accounts, mortgage loans, consumer loans, credit card services, and investment products, as well as current account services and payments systems; life and non-life insurance products; asset management products and services; mortgage products; and risk management services. It also offers commercial banking products and services, including lending products, such as structured finance; payment and cash management, and treasury services; and specialized and trade finance, derivatives, corporate finance, debt and equity capital markets, leasing, factoring, and supply chain finance. In addition, the company provides individual endowment, and term and whole life insurance products, as well as traditional, unit-linked, and variable annuity life insurance products for individual and group customers; fire, motor, disability, transport, accident, and third party liability insurance products; employee benefits products and pension funds; retirement services, fixed annuities, mutual funds, and broker-dealer services; and disability insurance products and complementary services for employers and self-employed professionals comprising dentists, general practitioners, and lawyers. Further, the company offers investment management services. ING Groep N.V. operates a network of approximately 280 branches in the Netherlands; and 773 branches in Belgium. The company was founded in 1991 and is headquartered in Amsterdam, the Netherlands. ING Groep N.V. is a subsidiary of Stichting ING Aandelen.
Best High Tech Companies To Buy Right Now: Cir-comp(CIRX.MI)
CIR S.p.A., through its subsidiaries, engages in the utilities, media, automotive components, healthcare, and financial services businesses. In the utilities sector, the company engages in the sourcing, marketing, and supply of electricity and natural gas. It operates wind, photovoltaic, hydro, thermo, and biomass power generation plants with an installed capacity of approximately 4,000 megawatts. In the media sector, the company is involved in publishing la Repuibblica national daily newspaper, 17 local dailies, 1 three-weekly paper, L'Espresso weekly magazine, 2 monthlies, 2 quarterlies, and various guide books; providing Internet and applications for mobile and new generation devices; broadcasting 3 national radio stations comprising Radio Deejay, Radio Capital, and Radio M2O; and operating the national TV channel Deejay TV, as well as the satellite channels MyDeejay and Onda Latina. In the automotive components sector, the company offers filtration systems, such as oil , engine air, petrol fuel, diesel fuel, and cabin air filters; and flexible suspension components, including coil springs for shock absorbers, stabilizer and torsion bars, stabilinks, leaf springs, precision springs, and track adjusters. In the healthcare sector, it operates nursing homes under the Anni Azzurri brand; psychiatric rehabilitation units under the Santo Stefano and Redancia brands; and hospital facilities under the Medipass brand. The company manages 60 facilities with a total of approximately 5,600 beds in central and northern Italy. In the financial sector, it engages in the acquisition and management of non-performing loans; venture capital, private equity, and hedge funds business; operation of restaurants; and provision of hospitality management training. The company has operations in Italy, other European countries, North America, South America, and Asia. CIR S.p.A. was founded in 1976 and is headquartered in Milan, Italy.
Hot Financial Companies To Buy Right Now: Hanwha SolarOne Co. Ltd.(HSOL)
Hanwha Solarone Co., Ltd., an investment holding company, engages in the manufacture and sale of silicon ingots, silicon wafers, and PV cells and modules. The company also offers mono crystalline and multi crystalline silicon cells; and provides PV module processing services. It sells its products to solar power system integrators and distributors primarily in Germany, Italy, Australia, the United States, the Czech Republic, Spain, and China. The company was formerly known as Solarfun Power Holdings Co., Ltd. and changed its name to Hanwha SolarOne Co., Ltd. in December 2010. Hanwha Solarone Co., Ltd. was founded in 2004 and is based in Qidong, the People?s Republic of China.
Advisors' Opinion:- [By Paul Ausick]
Stocks on the move: Nokia Corp. (NYSE: NOK) is up 31.5% at $5.13 on the announcement that Microsoft Corp. (NASDAQ: MSFT) will acquire the Finnish firm�� mobile phone business for $7.2 billion. Chinese solar energy stocks are getting a boost again today, with Hanwha SolarOne Co. (NASDAQ: HSOL) up more than 15.9% and ReneSola Ltd. (NYSE: SOL) up 14.9%.
- [By Travis Hoium]
What: Solar stocks are shooting higher again today as the strong run in 2013 continues. LDK Solar (NYSE: LDK ) , Canadian Solar (NASDAQ: CSIQ ) , Yingli Green Energy (NYSE: YGE ) , Hanwha SolarOne (NASDAQ: HSOL ) , and JinkoSolar (NYSE: JKS ) led the way, gaining between 10% and 22% today.
Best High Tech Companies To Buy Right Now: Erg(ERG.MI)
ERG S.p.A., through its subsidiaries, engages in refining and marketing, power and gas, and renewable energy businesses primarily in Italy. Its Refining and Marketing business supplies and processes crude oils, as well as sells refined products; and distributes and markets fuel and specialties, such as lubricants, liquefied petroleum gas, and bitumen through its retail network of approximately 3,300 service stations. The company?s Power and Gas business is involved in the production and marketing of thermoelectric power, steam, and gas. It owns and operates a 528 megawatts capacity power plant fuelled by a gas obtained from a process of gasification of asphalt; and owns the Centrale Nord plant with a capacity of 480 megawatts, including the combined-cycle repowering plant fuelled by natural gas. The company, through a joint venture, also engages in the development of a liquid natural gas regasification plant at Priolo, Sicily. ERG S.p.A.?s Renewable Energy Sources busine ss generates electricity from renewable sources with an installed capacity of 520 megawatts through wind farms, as well as through its photovoltaic plant; and treats solid and liquid waste on behalf of third parties. In addition, the company operates logistics systems; and in the wholesale market through selling refining products, such as diesel, fuel oils, LPG, and bitumens to the retailers. ERG S.p.A. was founded in 1938 and is headquartered in Genoa, Italy. ERG S.p.A. is a subsidiary of San Quirico S.pA.
Best High Tech Companies To Buy Right Now: Alturas Minerals Corp (ALT.V)
Alturas Minerals Corp. engages in the exploration and development of mineral properties in Peru and Chile. The company�s principal properties include the Chapi Chapi-Utupara copper-gold project located in the Apurimac copper-gold belt in southern Peru; the Sombrero copper-gold project situated in south-central Peru; the Huajoto gold-silver-zinc-rare earths property located in central Peru; and the La Corina copper-gold project situated in La Corina district, Chile. Alturas Minerals Corp. is headquartered in Toronto, Canada.
Best High Tech Companies To Buy Right Now: MakeMyTrip Limited(MMYT)
MakeMyTrip Limited, an online travel company, provides travel products and solutions in India and the United States. Its products and services include air tickets, hotels, packages, rail tickets, bus tickets, car hire, and ancillary travel requirements, such as travel insurance and visa processing. The company, through its Website, makemytrip.com, allow travelers to research, plan, and book a range of travel services and products in India and internationally. MakeMyTrip Limited also provides its products and services through other technology-enhanced distribution channels, such as call centers, travel stores, and travel agents? network. Its customers comprise leisure travelers and small businesses. The company was formerly known as International Web Travel Private Limited and changed its name to MakeMyTrip Limited in April 2010. MakeMyTrip Limited was founded in 2000 and is based in Gurgaon, India.
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