City surprised as PartyGaming chief quits
Mitch Garber, chief executive of Party-Gaming, surprised the City yesterday by announcing that he was quitting the company to return to North America with his family. Garber, who has rebuilt the former FTSE-100 company since it was badly hit by the US ban on online gambling, is contracted until May 2009 but will leave earlier if a successor is found.
If he sees out his contract, he will have picked up an estimated 14m through a controversial pay scheme.
Garber, 43, a Canadian, joined Party-Gaming in April 2006. Later that year the share price collapsed when the US passed the Safe Port Act, a piece of anti-online gambling legislation. This wiped out around four-fifths of Party-Gaming's revenue, forcing the group to seek new opportunities in other countries and branch out from its core of poker.
"There is never a good time to announce that you intend to leave a company, but I personally take great pride in the fact that the company is delivering on its business strategy and is in great shape to exploit its full potential in the future," said Garber.
He described the challenges of the last 18 months as "extraordinary". They have also been lucrative for him personally, thanks to the management incentive scheme agreed at the end of 2006.
Under the deal, PartyGaming agreed to award its chief executive 17m new share options, paid out in monthly instalments up to May 2009.
At a share price of 25p, the options are worth 4.25m. At the same time, the company waived the performance conditions on 20m existing share options. Half of these shares vested during the second half of 2007, when the share price fluctuated between 22p and 45p, and the rest will vest next month.
In addition, Garber was promised a bonus of at least 2m payable at the end of 2007, and 3m split over 30 monthly instalments up to next May. The deal prompted speculation that it breached the City's corporate governance code, as the payments were not linked to the future share price or performance of the firm.
A company spokesman pointed out that other shareholders had not been diluted by the deal, which was funded by Party-Gaming's founders injecting 40m shares into the existing employee benefit trust.
He added that if Garber did leave before May 2009, any outstanding cash and share payments would be negotiable. Garber is a qualified lawyer, having attended McGill University in Montreal and the University of Ottawa. His departure plans were announced with
PartyGaming's financial results for 2007. It recorded a pre-tax profit from continuing operations of $111.7m ( 56.5m) on an EBITDA basis, up from $50.9m a year ago.
Michael Jackson, the chairman, said the company had increased its range of products during 2007. Although its PartyPoker site is still the biggest single revenue generator, it has increased its income from both casino and sports betting operations by almost 200%. He added that the company had enjoyed a "solid start" to 2008.
Shares in PartyGaming fell 2.5p to 25p yesterday.
Village men, women and children out shoot flowers , collective small wealth built into the custody floor, and his son, husband and wife partner, the family of common crime
In early April to early June in two months time, a replica of the flower of the film affected Daqing, dozens of 50 to 70-year-old went all hoodwinked all older women to a maximum of a loss of more than 30 million victims family. It is understood that only Dongfeng Village area alone cheated 17 elderly women, and even a three day incidence of the phenomenon
Recently, the police seize the Daqing 4 film spend party.
Fraud case
May 29 10 am, is Aunt Wang Dongfeng Village area, Liu Wan-Long, head of a middle-aged woman walked to the road Aunt Wang: It is a return from overseas of white-bearded old man, often to the city Leading doctor, very powerful, you know where his house? Aunt Wang seen shaking his head, the middle-aged woman said: My family are waiting for help with serious illness, so his rule, said in an easterly Village ask all know , you will not know how? Then a middle-aged man walk up to say: I know where he lived, you told me
Wang said: That old man can be a god, you to see hymns? Aunt Wang advised to be away.
Just come - a-long plot in front of the building, a unit of a man to walk out, claiming to be the grandson of white-bearded old man who said: My grandfather has been calculated you want to come, he is busy upstairs to the treatment of others, you their first birthday horoscopes written down, I take forward to see Grandpa. Aunt Wang women who succumb to the persuasion, but also the birthday horoscopes that out. Subsequently, the allocation of the two men, to women-When talking about how her family s past, unfortunately, speak Then, Aunt Wang also said that her family s situation out. Shortly later, the grandson out, the women have spoken Aunt Wang family and home, a two really prospective! Grandson of the women said: your family die, the big money quickly find the Qing Dynasty infants, let me Grandpa had Yam disease can be better. He said of Aunt Wang: You son to a car accident two days , you find big child, my grandfather-your son will be able to safely without incident. , not how big? Wang past, and women have become urgent. , Then you are home all the deposits out, newspapers can be properly wrapped too Yam , the money spent to allow you took back my grandfather heart good, and today you do not accept the money. My family one A total of 60,002. women said. No, Grandpa said you home, there are a drawer 20,000. You either have to take on not going to help you. Women said: I accurately, and I will now fetch. An Aunt Wang, also rushed back always exercise caution and to save his son home. Grandson also told her that if the road and others say, the spirit does not come back.
Aunt Wang home thought for a little while, decided
A few minutes later, Aunt Wang hit his son came downstairs and rushed to the Dongan police station, about Aunt Wang is just the experience, not far from a police man was thrown to the ground. Aunt Wang original home, has been behind a stalking, see Aunt Wang speak with the police, quickly took out his cell phone and linked the move was behind him undercover found, so the arrest of stalking.
From the other make the flowers , if Aunt Wang to take the money, grandson That, grandson will certainly allow her to go home to drink a cup of cold water, or carbon-Aunt arm in the pen to write Address , she hastened to the ink has yet to dry when the home is printed on the corner at India, to return money, and then the grandson , who has been no trace can be found. And if things have changed, stalking people on the phone to his accomplices fled immediately.
When Aunt Wang civilian police will be focused on the suspects, he is with his calls, his associates found that the situation was wrong, ran a turnaround. Subsequently, the Li Qing He named the suspects were transferred to the Public Security Bureau Saertu Interpol star team. Members of the rapid detection work that other suspects may flee Anderson, immediately rushed to Anderson, and will be involved at one stroke the case Liang-Yu Li, DONG Ying-lan and they also have defected to such criminal acts Wangjinghai arrested, and the other participants Zhang Yunlong at large.
With the whole family into the
According to Interpol team star Wang Jingbo, the per capita from criminal suspects Hulan music industry townships, and have the family relationship between Li Qing He is the son of Liang-Yu Li, Ying Dong Liang-Yu Li Lan is the Pinfu , and ex-wife Wangjinghai is Liang-Yu Li s brother. Music industry Rural about nearly 2,000 people outside to shoot to spend a living, only several hundred people in the province do this business, how many similar groups in the city, shoot dance fled temporarily unable to statistics, but basically the same means . Wang Jingbo said: We hope that the general public, especially those in older women, the road will alert the doctor or Qiuxian people, not to believe
Also in the activities of fraudsters
Although the Daqing Police destroyed this shoot to spend case, but according to swindlers account, in Daqing their village only had five in the group activities, but also the use of fraudulent means as many as 10 kinds.
NT dollar
May 27, who lived at the village of Ranghulu district Hongwei-old man made a phone call to the Hong Kong Daily News, said that he was in a group of NT dollar liar deceived 1,000 yuan. This group is the means to use swindlers pretended dollar NT.
May 27, 58-year-old-old man to Ranghulu district to district Yuanwang husband medicines, at nearly noon, he was prepared to find hotels I eat rice, are walk, suddenly found a man standing roadside, He reached the previous shrouded in mystery and said: Abai, buy cards? a 1,000 yuan, while the prize for the Naizheng 400 yuan. At this time, the two young men passed by, say, This is deceptive Zouleguoqu on. Young side also taking the side of patience Fan Hsu old man introduced to how the Ruijiang, his mother had urgent need of money and so on. Now Then, three persons came to hear the young, hurried Chengguo the hands of the young Duojiang cards, discovered the New World seems like exclaimed: hey Yaomaxia, this is not the NT dollar!? This thing can be valuable Today really lucky. Then, the hands of the youngster was Duojiang card by the three people, and to him Meicici away. Mr Hui did not know that the words of all, and when the money is not earning a very regretted it, the moment is Fazheng, then a few of the lads like juggle money out like a Duojiang card, and said: Abai, I give you a left, they had to be a good thing. Xu old man received Duojiang card read, indeed write Taiwan word is being hesitant to buy or not to buy, the young speaker: Abai, I know you indeed, you had to 500 yuan. Xu told the old man to then where and what time to Duojiang. Since tomorrow-old man would like to be earning 400 yuan money changed hands, the sky is Diaokanbing, readily took his wife to his 500 yuan medicine money to the youngster. The way home, the clenched-old man has been Duojiang card, and my heart Juetao more. Would like to go home to his wife a surprise. Positive as expected, his wife has not pleased when the old man that Hsu is only 500 yuan in exchange for the city a publicity photo studio a single, his wife was almost no halo past
Xu old man said: I am really sorry that this matter is greed small cheap, when big!
The deception, the choice of most of the past crook on the bus, and props Peru is to stop the flow of currency. Fool loaded into one of the swindlers, when the conductor let him vote-rigging, he at first denied that any money, he drove the engineering down on the conductor. At this time, fools from Douli notes handed out a foreign conductor, and conductor simply do not know where the money is, and at this point in time, Fool associates there, pretending surprise and said: This is not Peru coins? Very valuable, and I work in the bank, I know that. And fools only Hei hei laughing out Yida at the same time, Peru currency, in the hands of moves. Fool his side identification and Peru currency, while encouraging people convertible car, but also take the lead 500 yuan convertible with a 2,000 yuan Peru coin. car people can not help the temptation to spend money on their dollar. soon, fools the hands of the Peruvian currency, replaced by Yida yuan.
Fools reliability alight, claiming works in a bank fools associates also Liuzhidaiji. Peter, and other people on board the god child, know themselves, has been late.
Trimmer white.
Trimmer white is the most commonly used old crook tricks, and nearly 12 in the city have also occasionally been demonstrated a liar. Said the trimmer white , that is, pre-selected swindlers crime, road, and then observe pedestrians, rich and poor judgement, Take good and evil, and let his camouflage good necklace, gold rings and other senior items in the packaging, and release a marked price of the invoice. By the appearance of camouflage items realistic, sophisticated enough to confound truth. Be looking for good pedestrian Fast over, in the crook of the items trimmer essential pedestrian path middle, and then hidden in the vicinity. When the pedestrian walked through the items picked up, opened packaging, when looking at the rapidly emerging liar, said he first see. In the two disputes, liar associates bystander in the identity for both mediation. Then, crooks with a great deal of the gesture, said a smaller share, but should be addressed to the small amount of cash or to the gold and silver jewelry, such as replacement. Chapter has been read by pedestrians invoice price, the swindlers on the conditions did not hesitate agreed. Pull out money for the cheater, with a senior articles go home, and then rushed to the banks to identify. All the original was a fake.
Collision Gun
Collision Gun also called Zhuangpian. Swindlers prior mining, identify fraud object, and then when you are walking in the collision and were cheated. Once collision, injury or crook pretending items destroyed, so they had been deceived, Fu Pei. The asking price is too high, they inevitably had a dispute, at this time, the crook associates there, each playing different roles, and some money to help swindlers, some pretended to speak up, some from as peacemaker, but one purpose, that is, to who cheated money. In order to the general cheated
In recent years, the crook hit Gun staged a thrilling scene, they dig into the accident, the use of props, the automobile. Select the right target, deliberately creating traffic accidents, to the inferior race target extort money, while others simply swindlers physically props, to be vehicles from passing through, pretending to scratch or be hit, fell to the floor up. Then stopped his car accident , the stick-forcing drivers to spend money on things.
Collision magnetic infants
Collision magnetic infants is the early 1970s the late 1980s when some crook astray. Swindlers often activities in the bus station or train station, and others in many places. A liar in the crowd to squeeze Jiqu, suddenly Bata glasses to fall to the ground and broken glasses, a liar seize one side, and claimed that his glasses are pure natural crystal stone, bought the money spent over 3,000 yuan , also speak out invoices. At that time, several associates appear in the next Qiaobiangu chimed. Caught the people I Nanban, see also a vicious liar associates of a general, had begged can Shaopei point. Then cheater will be kind enough to allow him to a yard. Knowingly being blackmailed, who must cheated with a smiling face, Qianenmoxie left.
Now, the crook in the use of touch magnetic infants This move, the more it seems that a lot of props, lighters, bottle of wine, watches, vases, etc., but also a new guise hoax.
Selling drugs
Swindlers usually three to four people to have a strategy
Pianjian. November 17 last year, public security sub-bureau Xibin Ranghulu shocked by the province s police station will use the three fine calcium gluconate oral solution to swindle the city of more than 20 10000 2 Hulan County swindler arrested. This live cheater specialized in residential areas, identify objectives, namely, older women. Selected targets, by crook posing as a salesman close to target drug manufacturers and fabricated reasons for selling drugs, was exactly at that time, the crook B emergence of a pretend do not know B and B also said: I am a salesman manufacturers, Daqing, to a car, I secretly come to more than 10 boxes, a box of original 20 yuan, 10 yuan I sell you money. a very surprised B, the target, said: Big Sister, and this is a good deal, will be able to resell earned Sanmowumo. But the most important thing is that this drug should be verified true or false, I am just in the major hospitals in Costa Rica, he can not only identify drugs strains, is also responsible for the drug into. Columbia on my floor in front of the living, Let s go to ask him. is A, B and objectives into the corridor, wearing a Baidagua happened, and wearing a large hospitals were executed man (cheater C) went downstairs, B, immediately said: My brother, I was trying to find you, and you to look at this drug is true or false? C received drugs to see that read: This drug is really, we sell is this hospital specifications, and a shortage now. B begged C let him help the medicine left. Tempted to wear foam B, C agreed to stay drug and pretentiously First, to the cashier telephone unit, said that on the afternoon of drugs to the payment, finish Group C away. B quickly on the target, said: Big Sister, such a good thing, let all vendor s stalls, buy these drugs and 20 million Let s partner bought it. Then began chip, the original goal of a strong vigilance also, personally, the pro - ear experienced all of this is now fully believe, and what do not want arranged money, and even the bank deposits are removed. And usher it is the liar Such drugs also found nothing.
Man Star watches
Out of the young men said that he was Changchun or Cantonese, he identified targets, sneaked out a watch, with a fear that other people look, shrouded in mystery and said: I now have two Man-watches , the shell, inside inlaid with precious stones, more than 30 million, and there is a shopping mall that is a fire, stolen by the guards, now give me a price of 50,000 yuan. young men, he was forced to helpless, He and his wife laid-off, lovely people had uremia, needs a kidney transplant, but no money, he was very loving wife, and for this reason he stole the two tables, even about her tears down
Tanbianyi, goals bought the watch. After an identification, the so-called watch-filled is not a value of 200 yuan ordinary watch it.
Ancestral diamonds
A swindlers claiming to be local people, walk in the street to inquire about the goal of identifying road. Catch it, suddenly Huadiyizhuai, said he sold more diamonds, was due yesterday with the money stolen in the bus, and now the money has not even eat. Say the poor are going crook, a liar associates, and asked how the case when a crook that sold diamonds, they get hands, and surprising to say: the diamond Condition good, chances are really pure natural South Africa diamonds. banks, I have a mate, we may wish to identify the authenticity of this. Yezhao speak on the goals and swindler went to the bank to take. To the banks, liar and crook associates to target waiting at the gate, he took the diamond into the bank, about 10 minutes, liar associates urgency out three to four fire, the target pulled aside
Certificate of Authenticity. an objective look at the identification, doubt that, the crook associates the opportunity to buy Tandem goal was two cents to discuss the matter. Swindlers deception success.
Cans won a prize
In the coach or train, a camouflage rural people into the crook suddenly clicks A opened a box of Jianlibao liar sitting next to his accidental discovery as what similar loudly said: fast, he Awards in the poly passengers from the car, in fact, Jianlibao pull back the printed with bright red signs Award. Therefore, the fraudsters will Jilisongtong visitors with his partner purchased to Duojiang. A result, passengers could not help but temptation deceived.
Played three
Played three is a popular 1990s 1:00 hoax. Swindlers is to use three (actually four) cards in the hands of inverted to come upon, and deliberately allow onlookers to see what is
In the original cheater inverted licensing has been done ghost children .
And playing three similar hoax is guess seeds, holding a Xiaoshe a liar, the other holding onto the ground melon seeds Jerry throwing, and then not displeased with Xiaoshe wear slowly, let onlookers Jerry guess wear seeds, encumbered money, the same child care encumbered money. This is a scam in advance with the authorities at the bottom and seeds Xiaodie freed magnet.
Silver Dollar unearthed
The deception, cheating in various parts of the country almost a lock. Swindlers construction equipment into the field, carrying a jar silver dollar in the noon or evening, knocking a people, claiming that the jar silver dollar is digging foundations dug up, several construction workers secretly possession up, it is now secretly Nachulaimai swap. Saying that from the spring out at home, labor contractor did not give a penny at home, such as money and urgency now to save some money on the sale. This households silver dollar that the price of the old lady, a good thing to know Yanxiage, hurriedly bought secretly for fear of publicity out, others sent home to the cheaper things. , And other things a few days, my son or daughter back, when the old lady happy to buy silver dollar things said, and the results after the first-hi sorrow, Daheshangdang. (Send Daqing)
