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2 Ill. men accused of running $15M fraud schemeWednesday, January 7, 2009 @ 8:46PMTwo men passed themselves off as foreign currency traders to swindle customers out of $15 million, which they used to pay for a lifestyle that included strip clubs, jewelry and private jets, according to a criminal complaint unveiled Wednesday in federal court.

2 Ill. men accused of running $15M fraud schemeWednesday, January 7, 2009 @ 8:45PM(By MIKE ROBINSON, AP Legal Affairs Writer) Two men passed themselves off as foreign currency traders to swindle customers out of $15 million, which they used to pay for a lifestyle that included strip clubs, jewelry and private jets, according to a criminal complaint unveiled Wednesday in federal court. Charles G. Martin, 43, of Glencoe, Ill., and Malibu, Calif., was arrested Tuesday night in ...

United Spirits records 18% volume growthWednesday, January 7, 2009 @ 8:44PMUnited Spirits, the world’s third-largest spirits company, has registered a volume growth of 18 per cent in April-December 2008, despite the market slowdown. It sold 73 million cases during the financial year ending March 2008.

SEZ land purchase is commercial realty: RBIWednesday, January 7, 2009 @ 8:42PMThe Reserve Bank of India’s draft guidelines on classification of commercial real estate exposure of banks may provide some relief on loans provided for acquisition of units in special economic zones.

Feds say Obama inauguration attractive terrorist targetWednesday, January 7, 2009 @ 8:34PMWASHINGTON - The upcoming inauguration of Barack Obama is an attractive target for international and domestic terrorists, but US intelligence officials have no information about specific threats to the Jan. 20 event.

Best Western Opens in Boracay, PhilippinesWednesday, January 7, 2009 @ 4:02AMBest Western International will soon open a hotel in Boracay, Philippines, a top worldwide tourist destination in the country. The Best Western Boracay Tropics is located in the middle of Boat Station 2, where most of the entertainment is. It is also only a few-minute walk to the famous white-sand beach.

Iloilo City, 4 towns to go dry 3 daysWednesday, January 7, 2009 @ 4:00AMILOILO CITY, Philippines -- Residents of Iloilo City and four neighboring towns will have little or no water supply for three days starting Thursday due to the repair and upgrading of facilities damaged by typhoon “Frank” in 2008.

Maharashtra seeks funds to modernise police forceWednesday, January 7, 2009 @ 3:54AMMaharashtra, which has witnessed a number of terror attacks with the latest being on Mumbai, has demanded constitution of a Central Coastal Security Authority.

Extended Stay Looks To Outperform Industry | hotelnewsnow.comWednesday, January 7, 2009 @ 3:47AMThe extended-stay segment is not immune to the challenges the hotel industry is facing during the current recession, but it has weathered the storm better than most. Extended-stay hotels historically have focused on attracting hotel guests for longer periods of time than traditional hotels and often quote weekly and monthly, along with nightly rates.