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BaFin chief pushed out over dealing with of Wirecard scandal

BaFin chief pushed out over handling of Wirecard scandal

Germany’s finance minister has pushed out Felix Hufeld, head of the nation’s monetary watchdog BaFin, over his dealing with of the Wirecard scandal, the worst accounting fraud within the nation’s postwar historical past.In a press release, Olaf Scholz mentioned the Wirecard affair had revealed that Germany’s system of economic regulation “must be reorganised, in order that it may fulfil its supervisory position extra successfully”. The federal government didn't instantly title a successor for the 59-year-old, who had run BaFin since 2015. Mr Hufeld’s deputy Elisabeth Roegele, who's accountable for monetary markets supervision, will keep in her position. BaFin has been…

The Texas woman who took a private jet to DC to ‘storm the Capitol’ has been charged

Jenna Ryan, the North Texas real estate agent who took a private plane to participate in the U.S. Capitol protest that developed into a violent uprising on January 6, has been accused of deliberately entering or remaining in a restricted building without lawful authority and disorderly conduct for Capitol reasons, according to a complaint filed in the U.S. District Court of the District of Columbia. In a submission from the Ministry of Justice filed Jan. 15, prosecutors said authorities recovered a deleted Facebook live video showing Ryan entering the Capitol building through the Rotunda entrance. Rebels stormed the U.S. Capitol…

Read this before booking your first private jet charter flight

Like private jet travel rebounds to more than 80% of pre-COVID-19 levels, it does so based on the strength of you, the first private flyer. From large fleet operators to boutique brokers, pretty much everyone reports an increase in new to market flyers. Primary causes include minimizing potential COVID-19 exposure and missing flight plans. Whatever your reason is, this is a follow up on “13 Differences between a private jet charter and the purchase of a plane ticket.“Specifically, I will cover what you need to know before you start researching your first private flight. What is the best way to…

How to buy a jet card and avoid costly mistakes

Amidst non-stop press releases and panels of private jet providers announcing record increases in memberships and sales growth, avid observers looking at actual flight hours and often wondering about the big gap? After all, if flight hours for fraction and charter private jet operators only hovered around 90% of pre-COVID levels in December, how can so many brokers and operators report triple-digit sales increases? A recent press release from Boston-based broker Magellan Jets noted both a 200% increase in jet card sales and a 20% drop in flight hours. Vista Global's said its XO unit saw a 240% increase in…

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