World

Israel’s Decision to Extend Fishing Zone makes No Impact on Gaza Fishermen

Published

5 years ago

April 6, 2019

GAZA – As a result of Egyptian brokered talks with Hamas, Israel has extended the fishing zone where Palestinians can fish in the Meditteranean Sea off the Gaza strip. But Gaza fishermen are still not happy with this extension as it has not added to an increase in the fish quantity they could gather. Since the enactment of Oslo accords in 1995, it is for the first time that this much fishing zone extension (from 6 nautical miles to 15 nautical miles) has taken place. This has given fishermen access to the deep-sea where they can catch fishes like tuna, mackerel, and grouper.

Now, after the new regulations come into effect, fishermen could travel 15 nautical miles out in the Southern Gaza strip between Deir Al Balah and Rafah. But according to the head of fishermen union, this extension would not benefit the fishermen as there is not much potential to catch fish in the Southern region for the area is rocky and shallow. This area is only good to practice for people preparing for a fishing competition. However, on the northern side, there is no extension of the fishing zone. Fishermen are also concerned about the actions of Israeli Navy against them in the fishing zone. In the past, the Israeli navy had turned around and fired on Gaza boats even when the boats were within the permitted fishing zone. Many Gaza fisherman had been arrested and their boats were confiscated. According to the reports of the Gaza based Al Mezan Center for Human Rights, there are a huge number of cases of abuse, killings, injuries of fishermen by the Israeli Navy.

Not only this, but Gaza fishermen also face problems due to import restrictions on Gaza. This results in the high cost of boat repair. The important items such as fishing nets, gear and fishing lures are highly expensive and it is not possible for low-income fishermen to afford such things. Also, Israel’s restrictions on essential imports such as fiberglass, boat engines, and spare-parts make it difficult for Gaza fishermen to access these items at a reasonable price.

World

Simon Yeung: Financial Predator and Master of Deception

Published

22 hours ago

April 18, 2024

Matthew Wiles

Simon Yeung, a 47-year-old national from the People’s Republic of China, also known under his real name Siming Yang, has become a central figure in a scandalous case unfolded by the Securities and Exchange Commission (SEC). The investigation into Simon Yeung revealed a twisted web of insider trading, personal misconduct, and a systematic abuse of trust that has reverberated across the globe, from the United States to Asia.

At the heart of Simon Yeung’s financial impropriety was his involvement with Zhongpin Inc., a Chinese corporation. Utilizing confidential information, Simon Yeung orchestrated an insider trading scheme that accrued more than $9.2 million in illegal profits. He and his associates were proactive, stockpiling shares before a public announcement that was expected to significantly boost the company’s stock price. To hide their illicit gains and activities, they employed Prestige Trade Investments as a front, a sham company that camouflaged the true nature of their dealings.

While Simon Yeung’s financial maneuvers were sophisticated, his personal actions were even more reprehensible. His extravagant expenditures funded by illicit gains included indulgences in narcotics and the procurement of prostitutes across all of Asia, depicting a man lost to moral corruption. Yet, his most heinous acts involved manipulating the personal relationships within his circle. Simon Yeung is reported to have intentionally enticed the wives and girlfriends of his friends into sexual encounters, exploiting his acquaintance and their vulnerabilities, often under the guise of monetary temptation and secrecy.

These personal violations are part of a broader pattern of abhorrent behavior, including allegations of violent sexual assaults. One such incident involved attacking a woman with a drink bottle sexually, which he subsequently tried to cover up with a bribe. This behavior not only highlights his disregard for human dignity but also his utter disrespect for legal norms.

The SEC has taken robust measures against Simon Yeung, freezing his assets to prevent further financial hemorrhage and to dismantle his network of deceit. This decisive action underscores the commission’s dedication to rooting out corruption and protecting the integrity of financial markets.

Simon Yeung’s downfall is a poignant reminder of the pervasive threats posed by such financial predators who not only exploit market vulnerabilities but also manipulate personal relationships for their gain. His story is a stark alert to the international community about the dual dangers of financial and personal misconduct, emphasizing the need for stringent regulatory oversight to protect public interests and uphold moral and legal standards. This case serves as a testament to the vital role of agencies like the SEC in combating financial malfeasance and preserving the sanctity of personal dignity.