Britain’s financial regulator told a judge that Sinaloa Gold Plc, a Utah-based miner with operations in Mexico, may have engaged in fraud when it sold shares to U.K. investors. Sinaloa has “all the hallmarks of a boiler-room fraud,” a lawyer for the Financial Services Authority said at the High Court in London today, referring to schemes that employ high- pressure sales tactics and cold-calling prospective investors. Evidence of Sinaloa’s assets “raises more questions Read more [...]

Environmental Resources Investment PLC (ERI) yesterday said that, Environment Resources Limited (ERL), a company incorporated in British Virgin Island, which is part of ERI's investment, has disposed Canadian dollars 410 million worth of shares in Eastern Platinum Limited, which is a listed entity in Toronto Stock Exchange. Confirming the sale of shares Deutsche Bank of Colombo as the custodian of the shares said shares stated "As per your request, we hereby confirm that the proceeds of CAD 41, Read more [...]

MEXICO CITY | Mon Jan 24, 2011 1:04pm EST MEXICO CITY Jan 24 (Reuters) - Mexican mining company Penoles (PENOLES.MX) quashed speculation on Monday that it planned to sell its majority-owned subsidiary Fresnillo (FRES.L), the world's largest primary silver producer. A rumor resurfaced earlier this month that Minera Frisco MFRISCOA1.MX, controlled by Mexican billionaire Carlos Slim, might bid for the London-listed gold and silver producer, lifting Frisco's Read more [...]

MEXICO CITY | Mon Jan 24, 2011 1:04pm EST MEXICO CITY Jan 24 (Reuters) - Mexican mining company Penoles (PENOLES.MX) quashed speculation on Monday that it planned to sell its majority-owned subsidiary Fresnillo (FRES.L), the world's largest primary silver producer. A rumor resurfaced earlier this month that Minera Frisco MFRISCOA1.MX, controlled by Mexican billionaire Carlos Slim, might bid for the London-listed gold and silver producer, lifting Frisco's shares. Read more [...]

A hacker has apparently been selling administrative control of military websites online for as little as $399, says cybersecurity vendor Imperva. In a Jan. 21 post on the company's blog, Imperva has redacted screenshots of websites a hacker says he has compromised along with the price of "FullSiteAdmin Control." Cybersecurity blogger Brian Krebs has a considerably less redacted screenshot on his blog. "I've seen some of the back-end evidence of his hacks, so it doesn't seem like he's making Read more [...]