first_imgEXCLUSIVE INVESTIGATION LATEST: DOZENS OF investors in an illegal Donegal investment scheme fear they may never get their money back – though one of those who sold investments insists everyone will get their cash.The scheme is similar to one employed by notorious American crook Bernard Madoff (pictured right). His son Mark Madoff committed suicide in the US last night.In these sort of schemes, many people do get returns. But many others do not. The get-rich-quick scheme however is illegal and Garda sources have confirmed that even if all investors get their cash back, they will seek a number of prosecutions.The Garda Fraud Squad investigation into the mafia scam centres on an ex-prisoner foreign national. However we can reveal tha at least one well-known Donegal man has defended his role in the scheme, insisting it is a legitimate business, that his boss is in the clear and that everyone will get their money back.In a conversation relayed to donegaldaily.com the well-known Donegal man initially denied Gardai were investigating the scheme. When it was pointed out that his boss’s premises had in fact been raided by the cops, he then admitted there is an investigation but that he believed the investment scheme was and is legitimate. He said he hasn’t seen his boss ‘for several weeks’.Friends believe that he too has been taken in by the scam too – and that he thought he was selling legitimate investments. Donegaldaily.com has interviewed a number of people around the county throughout the day. These included people who did invest in the scheme and did make substantial returns. A number of other investors said they had been told they will get their cash back in the next few days.One of those told us last night: “I know people think we were mad investing in this scheme but it was presented very well and by people I knew very well.“I have to believe I will get my money back because I simply can’t afford to lose it. I don’t care at this stage if I don’t make any money on it. I have been told that I will get my money in the next couple of days but I don’t know if I will or not. I can only hope I will.“To be honest I’m just sickened by it all. I can’t even think about Christmas at the moment.”The so-called Ponzi Scheme was a fraudulent operation that paid returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent.They always collapse, with some of those behind them making off with the cash.The Donegal scheme involved the scamsters telling investors that they could get between 10% and 40% on their cash investments in just TWO MONTHS.The elaborate ‘get rich quick’ con involved false claims that people were investing in a company approved by Lloyds of London and Deloittes which bought liquidated stock, which was then sold at huge profit. Neither company was actually involved. One investor was told that the company had bought four luxury Bentley cars for just €10k each and re-sold them to wealthy Arabs for ten times that figure. No such transactions ever took place. The cars didn’t exist.Another investor told us that he was told the money was used to buy cheap airline tickets in bulk which were then sold off at huge profit.However he told us today: “I suppose if it was that easy to get 20% return on an investment, everyone would be doing it. The government could save the country if it was that easy – and the banks would be in better shape. But I got my money back – and more.”Yesterday, Friday, we reported how several premises have been raided in several towns in the county as part of a complicated Garda inquiry. Fraud Squad officers have spent a huge amount of time in undercover vehicles and premises in Ballybofey.We can now reveal that a considerable number of leading business personalities have been interviewed as part of the investigation. Some are extremely well known in the county and beyond.Gardai began their inquiry after a tip-off from the German police which had closed down a similar scheme run by the same convicted fraudster.As a result of the scam, many innocent local people are set to lose fortunes after investing in schemes which have collapsed. Some of the victims are pensioners – others are ordinary workers who were sucked into the scam by professional fraudsters aided by scamsters here in Donegal.Donegaldaily.com understands that the some investors have received their money back without the high returns promised.However we know of one person owed €1.8M and another owed €200k. One man did get his €70k back last week after revealing to one of the crooks that he carried a legally-held firearm!Others however have been promised their money back this weekend, but we are told a €10M account has been ’emptied’. Regardless of those claims, the ‘scheme’ was illegal.Computers and paperwork were removed from several different premises for examination as part of the probe by detectives from the Garda Fraud Squad.However it is not believed any arrests have been made at this stage.A Garda source revealed the investigation is a part of an international inquiry and that offices at businesses in Germany have also been visited and police in Estonia are also helping the inquiry. Police in France and the UK have also been contacted.The PSNI are closing in on a former bank employee in the North who is also linked to the scam.Last night a well-placed source aware of the scheme told us: “I warned several friends to stay well away from this. If it sounds too good to be true, then it is too good to be true.“A lot of people have invested huge sums. The way the Ponzi scheme works, there will always be those at the top who get their money back with interest, but there is never enough for everyone at the end and many people will lose out.“Let’s put it this way – if people are still waiting on their money, I’d be surprised if they ever see it now.”A Garda source said: “A number of premises were visited and different people were spoken to on an informal basis.“Those who were spoken to may not have even been aware that they were involved in anything illegal.“The investigation is part of a wider international investigation but we can’t say too much more about it at this stage,” said the source.It’s understood Gardai are carrying out the inquiry with the help of a number of other international police forces.Today a well-placed source told us: “We are looking at figures between €10M and €20M. And a lot of Donegal people will have lost a fortune in the elaborate money-laundering and investment scam.”The foreign national behind the Donegal con could not be contacted tonight.Many of the con’s records taken by cops appear to show huge takings at a legimitate food establishment – compared to exaggerated lodgements from the same business. Gardai believe large amounts of cash lodged in the name of the apparently legitimate business could not have come from it.For example a Wednesday lunchtime trade involving just six diners apparently led to the lodgement of more than €10k!* Bernard Madoff – the American scamster – is serving 150 years in jail for his part in ripping people off for $18 Billion.* Our investigation is continuing and we hope to expose more details in the next few hours. If you have been a victim, contact us in complete confidence using the contact form on our home page. Several victims already have. We never reveal sources and never use the names of our sources or reveal those sources to anyone.* Please note that several Authorities have informed us that the scheme was ENTIRELY ILLEGAL. However an amnesty may be available for whistleblowers.* This story/investigation is the subject of Copyright Laws and Action will be taken against any newspaper/website taking this story in whole or in part without prior Consent. Copyright donegaldaily.com‘PEOPLE WILL GET THEIR MONEY BACK’ SAYS DONEGAL INVESTMENT MAN – BUT NO SIGN OF HIS ELUSIVE BOSS was last modified: December 12th, 2010 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img


Waterhouse veteran McCallum retires

first_imgExperienced campaigner Richard ‘Spoon’ McCallum has retired as goalkeeper of Red Stripe Premier League club Waterhouse FC. He is now acting general secretary at the Drewsland-based club. “I have retired because of personal reasons, to pursue a bachelors degree in production and operation,” said McCallum, who stood between the sticks at Waterhouse for 12 years, during an interview with The Gleaner yesterday. “The club was notified two months ago, and it is effective as at December 31, 2015,” he added. McCallum was approached to take up a position as general secretary, at the club because Felix Porter has vacated the post due to health reasons. “The club (Waterhouse) approached me to be acting general secretary, and I duly accepted the post,” McCallum informed. He said the players in the senior team at the club expressed regrets with him leaving at this time. “I spoke to the players, and some have expressed regrets and want me to delay the decision, but I have to think about life after football. I can’t continue to focus on goalkeeping and school at the same time,” McCallum said. McCallum also represented Invaders FC for one year and Seba (now Montego Bay United) for three years, before journeying from St James to St Andrew. He made his international debut for Jamaica in 2006, and also represented the country at the Under-17, Under-20 and Under-23 levels.last_img

Jamaica can top medal table in Rio – Blake

first_img He considers both Hansle Parchment and Omar McLeod, who finished second and sixth, respectively, in the World Championships, as potential Olympic champions. “If he (McLeod) performs to his real technical excellence, I don’t see why he shouldn’t be up there among the medals,” said Blake in reference to McLeod, who was far from his best in Beijing. Regarding Parchment, Blake said, “He keeps getting better every time he performs in the big events.” “He should also be there,” concluded the JAAA President, “as a medal contender for the gold.” He welcomed the Government-funded athlete support programme and reported that his association is currently looking for sponsors to contribute to a feeding programme. “Right now, we’re looking sponsorship to put in a feeding programme, so that the clubs can optimise the performance of their athletes,” said Blake. Jamaica’s best-ever medal tally at an Olympic Games came in 2012 in London when 12 medals (four gold, four silver, four bronze) were secured, all in athletics. Potential champs Athletics chief Warren Blake believes that Jamaica can top the track and field medal table at this summer’s Olympic Games. Blake, president of the Jamaica Athletics Administrative Association (JAAA), says the 110-metre hurdles and the men’s 4×400-metre relays are the events that could make the difference. The JAAA president is quietly confident about the prospects for the nation’s athletes for 2016. Reflecting on the seven gold-medal haul achieved by Jamaica at last year’s World Championships in Beijing, Blake stated: “If we had gotten another gold, and there are places where we could have gotten another gold but it just didn’t work out, we would have topped the medal table.” In Beijing, Jamaica won gold medals courtesy of Usain Bolt in the men’s 100 and 200 metres, Shelly-Ann Fraser-Pryce in the ladies’ 100m, Danielle Williams in the 100m hurdles, both 4×100 metres relays and the ladies’ 4×400 metres. However, Kenya edged Jamaica to top the table by one gold medal. Blake is, however, foreseeing a change for the better. “Strategically, we think that come the Olympics this year, we are really in a good position to top the athletics medal table,” Blake said. “If you look at the areas in which we did well in 2015, we are set to still do well in those areas and we have a good crop of 400m runners coming up,” he added. “Our hurdlers,” Blake continued, “both on the male and female sides, are expected to do well again this year, and, with a bit of luck, we can do better in the male hurdles.”last_img

Jennifer Ellison-Brown: The best training methods

first_img STRENGTH TRAINING This is used to develop strength, power, muscular endurance, and speed. Methods used include weights and plyometrics. Weight training Using weights as a form of resistance training, ( either free weights or weights in machines). Any weight-training programme can take account of your current state of fitness – the amount of weight, the number of repetitions, and the recovery periods can all be adjusted to progressively load muscles. Training for strength involves high resistance (weights) and few repetitions. Training for muscular endurance involves low resistance and many repetitions. Plyometrics This is a series of explosive movements designed to improve muscular power (explosive strength). This involves rebound jumping (on to and off boxes), bounding, leaps, and skips, press-ups with claps, hopping, throwing, and catching a medicine ball. Exercises that involve the contraction of muscles from a stretch position are known as plyometric. Plyometric training puts great stress on the muscles and joints and should only be attempted as part of an organised training programme. CIRCUIT TRAINING This involves a number of different exercises at work stations, which affects the different components of fitness. A circuit usually involves six to10 exercises or activities that take place at the stations. Circuits should be designed to avoid working the same muscle groups at stations that follow one another. The number of work stations, repetition, and the rest periods should add up to 15-20 minutes for one complete circuit. Repeat three to six times, depending on their length. Circuits can be designed for a particular sport. For example, a skill circuit can be constructed for games players wherein exercises can be replaced by short skill practices. FARTLEK TRAINING The name Fartlek comes from Swedish meaning ‘speed play’. It involves ‘run as you please’, alternating fast and slow effort over varied terrain such as grass, sand, flat, hills, etc. Fartlek training doesn’t precisely control the work and rest periods. This is very good for game players since games have many changes in speed. The mix of fast and slow work can be changed to suit the sport and energy system. It is used to improve aerobic and anaerobic fitness, depending on how the training is done. There are a wide variety of training methods based on the ways in which the body adapts to regular exercise. All the methods can be adapted to suit particular training programmes.center_img CONTINUOUS TRAINING This involves the aerobic system and improves endurance. The aerobic system includes the heart, lungs, and vascular system. Activities such as brisk walking, jogging, running, dancing, cycling, swimming, and rowing are ideal examples of aerobic training. The oxygen demand must be matched by oxygen intake. Continuous means you do not stop to rest. It is submaximal, meaning you do not work flat out. This type of training should last for at least 12 minutes in order to achieve adaptations. The intensity of training can be judged from the heart (pulse) rate. Therefore, if you train within certain target heart rate training zones during aerobic exercise, the most efficient gains in aerobic fitness will be achieved without starting to work anaerobically and developing an oxygen debt. This is dependent on age, gender, and resting heart rate of the individual. The target heart training rate zone is worked out by subtracting your age from 220 and then aiming to keep your heart rate between 60% and 85% of this maximum figure. For example, for a person of 45 years who wants to exercise for 20 minutes, three times per week: Max Heart Rate = 220 – 45 = 175 60% of 175 = 105 85% of 175= 150 approximately. Therefore, the person should aim for a target heart rate of 105-150 beats per minute during exercise. INTERVAL TRAINING This involves exercising at a certain rate (work interval) for a certain time then resting for a certain period (rest interval) in order to recover and then repeating the process. Sessions of interval training can be organised into sets with longer rest intervals between sets. For example, running 200 metres in sets of six with a one-minute jog round between each one then resting for a longer period of 10 minutes before repeating the whole process another two times. Both the aerobic and anaerobic systems can be improved using this method. The length of the rest-recovery period depends on how hard you exercise (intensity) during the work interval.last_img

Nadal on course in Monte Carlo

first_imgMONACO (AP):A ninth Monte Carlo Masters title is getting closer for Rafael Nadal with most of his rivals out of the way – including Roger Federer, who again misses out on one of the few trophies not already in his glittering collection.But Federer – a four-time runner-up on the French Riviera – was not too disappointed, considering that his priority was to come back safely after more than two months out following knee surgery.Nadal beat Stan Wawrinka 6-1, 6-4 yesterday to set up a third semi-final here against Andy Murray. Federer lost 3-6, 6-2, 7-5 to Jo-Wilfried Tsonga, despite being two points from victory when 5-4 up in the decider, with Tsonga 15-30 down on his serve.This was Federer’s first tournament play since arthroscopic surgery on his left knee for torn cartilage on February 3, and defeat was softened by relief at avoiding any relapse.”It was good to play back-to-back, yesterday and today, good to play 2 hours 10 (minutes) today,” Federer said. “It was nice to play an intense match. I’m happy how the body reacted.”With top-ranked Novak Djokovic and Wawrinka – the French Open champion – also out, Federer himself picked Nadal when asked about the favourite.Nadal leads Murray 16-6 in career meetings and 6-1 on clay. For the other two semi-finalists, Nadal is 11-2 up on Gael Monfils – 4-0 on clay – and 8-4 on Jo-Wilfried Tsonga, having beaten him here in the semi-finals three years ago. Nadal went on to lose the 2013 final to Djokovic, who was stunned in the second round this year by Czech Jiri Vesely, an unheralded Czech player ranked 55th.In a one-sided contest between former champions, Nadal broke Wawrinka four times and made the semi-finals for the 11th time.Murray took out Milos Raonic 6-2, 6-0 for the second time this year.The Briton thinks patience will be the key factor against the nine-time French Open champion.last_img

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