Group busted for alleged payTV fraud in Europe

THE HAGUE, Netherlands — A European Union law enforcement agency says it helped bust a criminal network that was allegedly responsible for fraud with pay-TV subscription services, in the first case of its kind on the continent.EU judicial co-ordination agency Eurojust said one person was arrested and 22 suspects were identified during an operation on Wednesday. The agency says more than 200 servers also were taken offline in Germany, France and the Netherlands.The EU agency says the alleged criminal gang began in 2015 illegally rebroadcasting and selling services similar to those offered by companies such as Sky Italia and Netflix. It says special servers were used to disable encryption of original programming.Eurojust says the investigation started in Italy and spread to other countries as alleged activity was uncovered.The Associated Press read more

US Treasury Secretary Lew calls on Europe to pursue more growthfriendly economic

WASHINGTON – Treasury Secretary Jacob Lew called on Europe’s leaders to pursue pro-growth policies in the short term rather than trim their budget deficits, noting that the U.S. economy is “inextricably tied” to the health of its global partners.Lew’s comments were delivered in a speech at Johns Hopkins University School of Advanced International Studies previewing this week’s global finance meetings in Washington.Earlier this week, the International Monetary Fund lowered its outlook for the world economy this year, predicting that government spending cuts will slow U.S. growth and keep the euro currency alliance in recession.Lew also said he would keep pressing other countries to avoid pursuing policies aimed at gaining trade advantages. The comments underscored U.S. concerns about China and Japan devaluing their currency to make their products cheaper overseas. by Martin Crutsinger, The Associated Press Posted Apr 17, 2013 4:15 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email US Treasury Secretary Lew calls on Europe to pursue more growth-friendly economic policies read more