When we talk about your FERS Retirement, we’re really talking about several different benefits. FERS (Federal Employees Retirement System) has three main components:
- Basic FERS Retirement Pension
- Social Security
- Thrift Savings Plan (TSP)
Your FERS pension and Social Security will be fixed dollar amounts. But the money you get from your TSP will depend on how much you contributed and how well you managed the money.
As a FERS, you have a chance to take a more active role in managing your own retirement than CSRS do. But, that means you need to stay up-to-date on your benefits.
First – let’s talk about FERS Retirement eligibility rules. Then we’ll take a closer look at each leg of your FERS Retirement …
When Can I Retire Under FERS?
In order to retire under FERS – you must have reached a certain age and have enough years of creditable service.
What age? And how much creditable service? It depends on the type of retirement rules you go out under.
Your eligibility to retire depends on…
- Your Age
- Your Years in Service
- What Type of Retirement You Choose
Ex: For a regular Immediate FERS Retirement, you must have reached your Minimum Retirement Age (MRA) and have at least 30 years of creditable service. But you could also qualify if you are at least age 60 at retirement with 20 years of service, or be at least age 62 with 5 years of service.
There are several different types of FERS Retirement, each with their own requirements of age and years in service.
Click here to take a closer look at the different eligibility rules for FERS retirement.
Leg #1) Your Basic FERS Pension
Sometimes people will call your FERS pension a FERS annuity. Even OPM calls it an annuity. But to avoid confusion with other annuities (ex: an annuity from TSP, or annuities from insurance companies) we’re going to be using the term pension when we talk about your FERS retirement.
Every pay period, the government takes out a small portion of your pay to put towards your FERS pension. For most FERS, it is 0.8% of your basic pay. But your pension is not based on this amount.
Your FERS pension is a defined benefit program. “Defined Benefit” means the amount you *get* is defined or fixed. It doesn’t matter how much money you contributed – the monthly income from your pension will be a fixed amount based on certain factors.
Once you retire, you can receive a basic monthly pension for the rest of your life.
How Much Will My FERS Pension Be?
In order to calculate your basic FERS retirement pension, you will need to know three things…
- Your High-3 Salary
- Your Years of Creditable Service
- Your Pension Multiplier
Your FERS pension is calculated by taking…
The calculation looks simple. But the complexity comes in how you calculate your High-3 Salary, and what really counts towards your Years of Creditable Service.
Click here to learn more about how each part of your pension formula is calculated and see examples of FERS pension calculations.
Gross vs. Net FERS Pension
Once you calculate your gross pension – it’s important to look at your net number.
One of the most common mistakes I see federal employees make is that they plan based on their gross pension – not on the net.
They calculate their pension, but they forget to look at the amount that they’ll really ‘take home’ each month. Some will remember to factor in the cost of their FERS survivor annuity – but that’s just one reduction.
There may be as many as 7 reductions to your FERS pension! Click here to learn more about the reductions to your FERS pension.
Leg #2) Social Security for FERS
Employees covered under the Federal Employee Retirement System (FERS) are typically eligible to receive Social Security benefits when they retire.
How Much Social Security Will I Get?
Every pay period, the Federal Government takes out 6.2% of your basic pay to put towards Social Security. But just like your FERS retirement pension, your Social Security benefit is not exactly based on your contributions – it is based on other factors.
The amount of Social Security you receive depends on the amount of money you’ve earned over the years and how long you have been working in a job that contributes to Social Security (most do).
The easiest place to find out how much you can expect to receive in Social Security used to be your Social Security Statement. But in recent years the Social Security Administration only mails statements to workers over age 60. If you do not have a paper statement, you can view your statement online. Go to Social Security’s website. You can create a mySocialSecurity account and view your statement online.
Special Benefit for FERS Retiring Before Age 62
There is a special benefit for some FERS retiring before age 62. It’s called the Special Annuity Supplement, but more commonly known as the FERS Supplement.
Social Security is an important part of the FERS Retirement package – but what about FERS who retire before they could even draw Social Security?
The FERS Supplement is designed to help bridge the money gap for certain FERS who retire before age 62. It will supplement a portion of your missing Social Security income until you reach age 62. But not all FERS are eligible to receive the Supplement. Click here to learn more about the FERS Supplement.
Leg #3) Thrift Savings Plan for FERS
The Thrift Savings Plan (TSP) is a special account for Federal Employees. The TSP was created as part of the Federal Employees Retirement System in 1986. Most government employees (FERS and CSRS) are eligible for the TSP – even those hired before it was created.
The TSP allows you to save pre-tax dollars in a special personal account. You can choose how to invest those dollars – although your choices are limited to the specific TSP funds.
With your FERS retirement pension and Social Security, you will receive fixed amounts. But with your TSP, the amount you receive depends on how much you put in and how well you managed the money.
Your TSP contributions are optional and separate from your FERS pension.
Many FERS are eligible for the TSP match – where the government and your agency contribute money to your TSP account.
Are You Missing Something?
As you know, the FERS retirement system is complex. And while your HR department is there to help, *YOU* are responsible for your retirement.
Want to receive most up to date information from Plan Your Federal Retirement? Sign up for our eZine newsletter, FERS Federal Retirement Fact Check. Each month I answer questions from Federal Employees in a new video. And if you’re on our eZine list – you can even submit your federal retirement question for a chance to have it answered in a future video.
Just enter your email address and name on the sign up form on this page and click the “Subscribe” button. Then check your inbox for an email from us asking you to confirm your subscription. Once you click ‘confirm’ on that email, you’ll be on the list!
Sign up for our Monthly E-Zine Newsletter:
FERS Federal Retirement Fact Check
by Micah Shilanski, CFP®
Who is Micah?
Micah Shilanski is a CERTIFIED FINANCIAL PLANNER™ professional who specializes in helping federal employees get the most out of their federal retirement benefits.
Micah’s experience as financial planner for federal employees, and teaching FERS Pre-retirement classes provides him with valuable insight into the unique planning needs of federal employees.
Click here to learn more about how Micah helps his clients.
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According his own statement Mr.Volkov paid ca $2000 for her immigration services.
IMHO, having a whore as a single legal employee tells a lot about business in general.
Enjoy!
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Компания ООО «УРАЛЬСКИЙ ПОТОК» – это многолетний и бесценный опыт работы в сфере обеспечения объектов промышленного строительства, нефтегазовой отрасли, строительства энергетических объектов, а так же комплектация объектов гражданского строительства соединительными деталями трубопровода и запорно-регулирующей арматурой. Наши заказчики ценят в первую очередь безупречное качество нашей продукции и ее соответствие необходимым ГОСТ , а так же кратчайшие сроки поставки в любую точку России. За счет многолетних партнерских отношений с крупнейшими Российскими компаниями , мы сформировали ассортимент который максимально соответствует запросам наших клиентов.
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https://www.goldcoastbulletin.com.au/news/crime-court/alleged-hells-angel-gets-bail-on-drugs-weapons-and-fraud-charges/news-story/ec0e8ac4f1b6b6109d1811c1fb299cdd
His charges include drug possession and trafficking, possessing weapons and explosives, possessing utensils, and fraud.
A joint operation between Queensland police and the Crime and Corruption Commission uncovered more than $1 million in cash, three automatic weapons, five hand guns, a quantity of drugs and mobile phones.
The Brisbane Supreme Court on Friday heard the prosecution had received information from police that impacted Volkov’s bail application, but prosecutor Ron Swanwick was not prepared to discuss it in open court.
Justice John Bond agreed to close the court to hear argument linked to operational police matters.
He later granted bail on strict conditions, including that Volkov reside in Robina, abide by a curfew and report to police each day.
He must also surrender his three passports, not travel outside Queensland without permission and avoid airports, and not contact any identified prosecution witness.
“I’m satisfied that, based upon the submissions … the applicant has established that his detention in custody is not justified,” Justice Bond said.
Police allege the syndicate was significant and had been operating since at least March 2014, selling cocaine, ice and ecstasy.
During a previous court appearance it was revealed Volkov had been under police surveillance for two years.
Volkov’s matter will come before court again on September 29.
Компания ООО «УРАЛЬСКИЙ ПОТОК» – это многолетний и бесценный опыт работы в сфере обеспечения объектов промышленного строительства, нефтегазовой отрасли, строительства энергетических объектов, а так же комплектация объектов гражданского строительства соединительными деталями трубопровода и запорно-регулирующей арматурой. Наши заказчики ценят в первую очередь безупречное качество нашей продукции и ее соответствие необходимым ГОСТ , а так же кратчайшие сроки поставки в любую точку России. За счет многолетних партнерских отношений с крупнейшими Российскими компаниями , мы сформировали ассортимент который максимально соответствует запросам наших клиентов.
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https://www.goldcoastbulletin.com.au/news/crime-court/alleged-hells-angel-gets-bail-on-drugs-weapons-and-fraud-charges/news-story/ec0e8ac4f1b6b6109d1811c1fb299cdd
His charges include drug possession and trafficking, possessing weapons and explosives, possessing utensils, and fraud.
A joint operation between Queensland police and the Crime and Corruption Commission uncovered more than $1 million in cash, three automatic weapons, five hand guns, a quantity of drugs and mobile phones.
The Brisbane Supreme Court on Friday heard the prosecution had received information from police that impacted Volkov’s bail application, but prosecutor Ron Swanwick was not prepared to discuss it in open court.
Justice John Bond agreed to close the court to hear argument linked to operational police matters.
He later granted bail on strict conditions, including that Volkov reside in Robina, abide by a curfew and report to police each day.
He must also surrender his three passports, not travel outside Queensland without permission and avoid airports, and not contact any identified prosecution witness.
“I’m satisfied that, based upon the submissions … the applicant has established that his detention in custody is not justified,” Justice Bond said.
Police allege the syndicate was significant and had been operating since at least March 2014, selling cocaine, ice and ecstasy.
During a previous court appearance it was revealed Volkov had been under police surveillance for two years.
Volkov’s matter will come before court again on September 29.
https://www.brisbanetimes.com.au/national/queensland/hells-angels-bikie-charged-over-gold-coast-battery-scam-20190923-p52tz1.html
Ice-cream machines labelled “scientific equipment” were shipped off to Thailand by a Hells Angels bikie as part of an elaborate investment scam, police allege.
Vadim Victor Volkov, a 37-year-old alleged patched member of the Hells Angels, was charged with money laundering on Monday while an arrest warrant has been issued for his 62-year-old alleged accomplice.
Detectives, who have spent eight months investigating the pair, say they are responsible for a complex scam where they passed themselves off as Russian scientists to land investments.
They will allege the two men claimed to be owners of a graphene battery technology, GraphenEra, and in May 2016 “dishonestly advertised investment opportunities to an ASX-listed company based in Brisbane”.
The Brisbane company, LWP Technologies, subsequently entered into a failed joint venture with the men, paid $566,450 and issued 30 million shares to finance production of graphene batteries.
Detective Acting Superintendent Vince Byrnes said police believed the money was not invested as promised and was used for the pair’s “personal benefit”.
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Mr Volkov shipped ice-cream machines labelled as scientific laboratory equipment to a facility in Thailand, where the batteries were to be produced, though none were, he alleged.
The pair are accused of faking scientific qualifications to former board members and pretending to have “relationships with Russia-based scientists and Australia-based scientific institutions”.
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“This highlights that it is important to stay in control of your investment transactions and seek a second opinion prior to committing to an investment.”
Mr Volkov has been arrested and charged with one money laundering offence and two fraud offences (dishonestly cause detriment and dishonestly induce delivery of $60,050) and was expected to appear in Southport Magistrate on October 3.
An arrest warrant is in the process of being issued for the 62-year-old for the same charges.
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https://www.goldcoastbulletin.com.au/news/crime-court/alleged-hells-angel-gets-bail-on-drugs-weapons-and-fraud-charges/news-story/ec0e8ac4f1b6b6109d1811c1fb299cdd
His charges include drug possession and trafficking, possessing weapons and explosives, possessing utensils, and fraud.
A joint operation between Queensland police and the Crime and Corruption Commission uncovered more than $1 million in cash, three automatic weapons, five hand guns, a quantity of drugs and mobile phones.
The Brisbane Supreme Court on Friday heard the prosecution had received information from police that impacted Volkov’s bail application, but prosecutor Ron Swanwick was not prepared to discuss it in open court.
Justice John Bond agreed to close the court to hear argument linked to operational police matters.
He later granted bail on strict conditions, including that Volkov reside in Robina, abide by a curfew and report to police each day.
He must also surrender his three passports, not travel outside Queensland without permission and avoid airports, and not contact any identified prosecution witness.
“I’m satisfied that, based upon the submissions … the applicant has established that his detention in custody is not justified,” Justice Bond said.
Police allege the syndicate was significant and had been operating since at least March 2014, selling cocaine, ice and ecstasy.
During a previous court appearance it was revealed Volkov had been under police surveillance for two years.
Volkov’s matter will come before court again on September 29.
https://www.goldcoastbulletin.com.au/news/crime-court/alleged-hells-angel-gets-bail-on-drugs-weapons-and-fraud-charges/news-story/ec0e8ac4f1b6b6109d1811c1fb299cdd
His charges include drug possession and trafficking, possessing weapons and explosives, possessing utensils, and fraud.
A joint operation between Queensland police and the Crime and Corruption Commission uncovered more than $1 million in cash, three automatic weapons, five hand guns, a quantity of drugs and mobile phones.
The Brisbane Supreme Court on Friday heard the prosecution had received information from police that impacted Volkov’s bail application, but prosecutor Ron Swanwick was not prepared to discuss it in open court.
Justice John Bond agreed to close the court to hear argument linked to operational police matters.
He later granted bail on strict conditions, including that Volkov reside in Robina, abide by a curfew and report to police each day.
He must also surrender his three passports, not travel outside Queensland without permission and avoid airports, and not contact any identified prosecution witness.
“I’m satisfied that, based upon the submissions … the applicant has established that his detention in custody is not justified,” Justice Bond said.
Police allege the syndicate was significant and had been operating since at least March 2014, selling cocaine, ice and ecstasy.
During a previous court appearance it was revealed Volkov had been under police surveillance for two years.
Volkov’s matter will come before court again on September 29.
https://www.brisbanetimes.com.au/national/queensland/hells-angels-bikie-charged-over-gold-coast-battery-scam-20190923-p52tz1.html
Ice-cream machines labelled “scientific equipment” were shipped off to Thailand by a Hells Angels bikie as part of an elaborate investment scam, police allege.
Vadim Victor Volkov, a 37-year-old alleged patched member of the Hells Angels, was charged with money laundering on Monday while an arrest warrant has been issued for his 62-year-old alleged accomplice.
Detectives, who have spent eight months investigating the pair, say they are responsible for a complex scam where they passed themselves off as Russian scientists to land investments.
They will allege the two men claimed to be owners of a graphene battery technology, GraphenEra, and in May 2016 “dishonestly advertised investment opportunities to an ASX-listed company based in Brisbane”.
The Brisbane company, LWP Technologies, subsequently entered into a failed joint venture with the men, paid $566,450 and issued 30 million shares to finance production of graphene batteries.
Detective Acting Superintendent Vince Byrnes said police believed the money was not invested as promised and was used for the pair’s “personal benefit”.
“In September 2016, the former board of the investor company terminated the joint venture; however, their attempts to have their capital returned were ignored by the offenders, resulting in financial loss to shareholders, including those who bought shares following public announcements of the joint venture,” he said.
Mr Volkov shipped ice-cream machines labelled as scientific laboratory equipment to a facility in Thailand, where the batteries were to be produced, though none were, he alleged.
The pair are accused of faking scientific qualifications to former board members and pretending to have “relationships with Russia-based scientists and Australia-based scientific institutions”.
Detective Byrnes said the investigation confirmed that despite knowing that the graphene technology could not be produced, the men continued marketing it in order to secure investments.
“This highlights that it is important to stay in control of your investment transactions and seek a second opinion prior to committing to an investment.”
Mr Volkov has been arrested and charged with one money laundering offence and two fraud offences (dishonestly cause detriment and dishonestly induce delivery of $60,050) and was expected to appear in Southport Magistrate on October 3.
An arrest warrant is in the process of being issued for the 62-year-old for the same charges.
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https://www.goldcoastbulletin.com.au/news/crime-court/alleged-hells-angel-gets-bail-on-drugs-weapons-and-fraud-charges/news-story/ec0e8ac4f1b6b6109d1811c1fb299cdd
His charges include drug possession and trafficking, possessing weapons and explosives, possessing utensils, and fraud.
A joint operation between Queensland police and the Crime and Corruption Commission uncovered more than $1 million in cash, three automatic weapons, five hand guns, a quantity of drugs and mobile phones.
The Brisbane Supreme Court on Friday heard the prosecution had received information from police that impacted Volkov’s bail application, but prosecutor Ron Swanwick was not prepared to discuss it in open court.
Justice John Bond agreed to close the court to hear argument linked to operational police matters.
He later granted bail on strict conditions, including that Volkov reside in Robina, abide by a curfew and report to police each day.
He must also surrender his three passports, not travel outside Queensland without permission and avoid airports, and not contact any identified prosecution witness.
“I’m satisfied that, based upon the submissions … the applicant has established that his detention in custody is not justified,” Justice Bond said.
Police allege the syndicate was significant and had been operating since at least March 2014, selling cocaine, ice and ecstasy.
During a previous court appearance it was revealed Volkov had been under police surveillance for two years.
Volkov’s matter will come before court again on September 29.
https://www.goldcoastbulletin.com.au/news/crime-court/alleged-hells-angel-gets-bail-on-drugs-weapons-and-fraud-charges/news-story/ec0e8ac4f1b6b6109d1811c1fb299cdd
His charges include drug possession and trafficking, possessing weapons and explosives, possessing utensils, and fraud.
A joint operation between Queensland police and the Crime and Corruption Commission uncovered more than $1 million in cash, three automatic weapons, five hand guns, a quantity of drugs and mobile phones.
The Brisbane Supreme Court on Friday heard the prosecution had received information from police that impacted Volkov’s bail application, but prosecutor Ron Swanwick was not prepared to discuss it in open court.
Justice John Bond agreed to close the court to hear argument linked to operational police matters.
He later granted bail on strict conditions, including that Volkov reside in Robina, abide by a curfew and report to police each day.
He must also surrender his three passports, not travel outside Queensland without permission and avoid airports, and not contact any identified prosecution witness.
“I’m satisfied that, based upon the submissions … the applicant has established that his detention in custody is not justified,” Justice Bond said.
Police allege the syndicate was significant and had been operating since at least March 2014, selling cocaine, ice and ecstasy.
During a previous court appearance it was revealed Volkov had been under police surveillance for two years.
Volkov’s matter will come before court again on September 29.
https://www.brisbanetimes.com.au/national/queensland/hells-angels-bikie-charged-over-gold-coast-battery-scam-20190923-p52tz1.html
Ice-cream machines labelled “scientific equipment” were shipped off to Thailand by a Hells Angels bikie as part of an elaborate investment scam, police allege.
Vadim Victor Volkov, a 37-year-old alleged patched member of the Hells Angels, was charged with money laundering on Monday while an arrest warrant has been issued for his 62-year-old alleged accomplice.
Detectives, who have spent eight months investigating the pair, say they are responsible for a complex scam where they passed themselves off as Russian scientists to land investments.
They will allege the two men claimed to be owners of a graphene battery technology, GraphenEra, and in May 2016 “dishonestly advertised investment opportunities to an ASX-listed company based in Brisbane”.
The Brisbane company, LWP Technologies, subsequently entered into a failed joint venture with the men, paid $566,450 and issued 30 million shares to finance production of graphene batteries.
Detective Acting Superintendent Vince Byrnes said police believed the money was not invested as promised and was used for the pair’s “personal benefit”.
“In September 2016, the former board of the investor company terminated the joint venture; however, their attempts to have their capital returned were ignored by the offenders, resulting in financial loss to shareholders, including those who bought shares following public announcements of the joint venture,” he said.
Mr Volkov shipped ice-cream machines labelled as scientific laboratory equipment to a facility in Thailand, where the batteries were to be produced, though none were, he alleged.
The pair are accused of faking scientific qualifications to former board members and pretending to have “relationships with Russia-based scientists and Australia-based scientific institutions”.
Detective Byrnes said the investigation confirmed that despite knowing that the graphene technology could not be produced, the men continued marketing it in order to secure investments.
“This highlights that it is important to stay in control of your investment transactions and seek a second opinion prior to committing to an investment.”
Mr Volkov has been arrested and charged with one money laundering offence and two fraud offences (dishonestly cause detriment and dishonestly induce delivery of $60,050) and was expected to appear in Southport Magistrate on October 3.
An arrest warrant is in the process of being issued for the 62-year-old for the same charges.
Share on Facebook
https://www.brisbanetimes.com.au/national/queensland/hells-angels-bikie-charged-over-gold-coast-battery-scam-20190923-p52tz1.html
Ice-cream machines labelled “scientific equipment” were shipped off to Thailand by a Hells Angels bikie as part of an elaborate investment scam, police allege.
Vadim Victor Volkov, a 37-year-old alleged patched member of the Hells Angels, was charged with money laundering on Monday while an arrest warrant has been issued for his 62-year-old alleged accomplice.
Detectives, who have spent eight months investigating the pair, say they are responsible for a complex scam where they passed themselves off as Russian scientists to land investments.
They will allege the two men claimed to be owners of a graphene battery technology, GraphenEra, and in May 2016 “dishonestly advertised investment opportunities to an ASX-listed company based in Brisbane”.
The Brisbane company, LWP Technologies, subsequently entered into a failed joint venture with the men, paid $566,450 and issued 30 million shares to finance production of graphene batteries.
Detective Acting Superintendent Vince Byrnes said police believed the money was not invested as promised and was used for the pair’s “personal benefit”.
“In September 2016, the former board of the investor company terminated the joint venture; however, their attempts to have their capital returned were ignored by the offenders, resulting in financial loss to shareholders, including those who bought shares following public announcements of the joint venture,” he said.
Mr Volkov shipped ice-cream machines labelled as scientific laboratory equipment to a facility in Thailand, where the batteries were to be produced, though none were, he alleged.
The pair are accused of faking scientific qualifications to former board members and pretending to have “relationships with Russia-based scientists and Australia-based scientific institutions”.
Detective Byrnes said the investigation confirmed that despite knowing that the graphene technology could not be produced, the men continued marketing it in order to secure investments.
“This highlights that it is important to stay in control of your investment transactions and seek a second opinion prior to committing to an investment.”
Mr Volkov has been arrested and charged with one money laundering offence and two fraud offences (dishonestly cause detriment and dishonestly induce delivery of $60,050) and was expected to appear in Southport Magistrate on October 3.
An arrest warrant is in the process of being issued for the 62-year-old for the same charges.
Share on Facebook
https://www.brisbanetimes.com.au/national/queensland/hells-angels-bikie-charged-over-gold-coast-battery-scam-20190923-p52tz1.html
Ice-cream machines labelled “scientific equipment” were shipped off to Thailand by a Hells Angels bikie as part of an elaborate investment scam, police allege.
Vadim Victor Volkov, a 37-year-old alleged patched member of the Hells Angels, was charged with money laundering on Monday while an arrest warrant has been issued for his 62-year-old alleged accomplice.
Detectives, who have spent eight months investigating the pair, say they are responsible for a complex scam where they passed themselves off as Russian scientists to land investments.
They will allege the two men claimed to be owners of a graphene battery technology, GraphenEra, and in May 2016 “dishonestly advertised investment opportunities to an ASX-listed company based in Brisbane”.
The Brisbane company, LWP Technologies, subsequently entered into a failed joint venture with the men, paid $566,450 and issued 30 million shares to finance production of graphene batteries.
Detective Acting Superintendent Vince Byrnes said police believed the money was not invested as promised and was used for the pair’s “personal benefit”.
“In September 2016, the former board of the investor company terminated the joint venture; however, their attempts to have their capital returned were ignored by the offenders, resulting in financial loss to shareholders, including those who bought shares following public announcements of the joint venture,” he said.
Mr Volkov shipped ice-cream machines labelled as scientific laboratory equipment to a facility in Thailand, where the batteries were to be produced, though none were, he alleged.
The pair are accused of faking scientific qualifications to former board members and pretending to have “relationships with Russia-based scientists and Australia-based scientific institutions”.
Detective Byrnes said the investigation confirmed that despite knowing that the graphene technology could not be produced, the men continued marketing it in order to secure investments.
“This highlights that it is important to stay in control of your investment transactions and seek a second opinion prior to committing to an investment.”
Mr Volkov has been arrested and charged with one money laundering offence and two fraud offences (dishonestly cause detriment and dishonestly induce delivery of $60,050) and was expected to appear in Southport Magistrate on October 3.
An arrest warrant is in the process of being issued for the 62-year-old for the same charges.
Share on Facebook
https://www.brisbanetimes.com.au/national/queensland/hells-angels-bikie-charged-over-gold-coast-battery-scam-20190923-p52tz1.html
Ice-cream machines labelled “scientific equipment” were shipped off to Thailand by a Hells Angels bikie as part of an elaborate investment scam, police allege.
Vadim Victor Volkov, a 37-year-old alleged patched member of the Hells Angels, was charged with money laundering on Monday while an arrest warrant has been issued for his 62-year-old alleged accomplice.
Detectives, who have spent eight months investigating the pair, say they are responsible for a complex scam where they passed themselves off as Russian scientists to land investments.
They will allege the two men claimed to be owners of a graphene battery technology, GraphenEra, and in May 2016 “dishonestly advertised investment opportunities to an ASX-listed company based in Brisbane”.
The Brisbane company, LWP Technologies, subsequently entered into a failed joint venture with the men, paid $566,450 and issued 30 million shares to finance production of graphene batteries.
Detective Acting Superintendent Vince Byrnes said police believed the money was not invested as promised and was used for the pair’s “personal benefit”.
“In September 2016, the former board of the investor company terminated the joint venture; however, their attempts to have their capital returned were ignored by the offenders, resulting in financial loss to shareholders, including those who bought shares following public announcements of the joint venture,” he said.
Mr Volkov shipped ice-cream machines labelled as scientific laboratory equipment to a facility in Thailand, where the batteries were to be produced, though none were, he alleged.
The pair are accused of faking scientific qualifications to former board members and pretending to have “relationships with Russia-based scientists and Australia-based scientific institutions”.
Detective Byrnes said the investigation confirmed that despite knowing that the graphene technology could not be produced, the men continued marketing it in order to secure investments.
“This highlights that it is important to stay in control of your investment transactions and seek a second opinion prior to committing to an investment.”
Mr Volkov has been arrested and charged with one money laundering offence and two fraud offences (dishonestly cause detriment and dishonestly induce delivery of $60,050) and was expected to appear in Southport Magistrate on October 3.
An arrest warrant is in the process of being issued for the 62-year-old for the same charges.
Share on Facebook
https://www.brisbanetimes.com.au/national/queensland/hells-angels-bikie-charged-over-gold-coast-battery-scam-20190923-p52tz1.html
Ice-cream machines labelled “scientific equipment” were shipped off to Thailand by a Hells Angels bikie as part of an elaborate investment scam, police allege.
Vadim Victor Volkov, a 37-year-old alleged patched member of the Hells Angels, was charged with money laundering on Monday while an arrest warrant has been issued for his 62-year-old alleged accomplice.
Detectives, who have spent eight months investigating the pair, say they are responsible for a complex scam where they passed themselves off as Russian scientists to land investments.
They will allege the two men claimed to be owners of a graphene battery technology, GraphenEra, and in May 2016 “dishonestly advertised investment opportunities to an ASX-listed company based in Brisbane”.
The Brisbane company, LWP Technologies, subsequently entered into a failed joint venture with the men, paid $566,450 and issued 30 million shares to finance production of graphene batteries.
Detective Acting Superintendent Vince Byrnes said police believed the money was not invested as promised and was used for the pair’s “personal benefit”.
“In September 2016, the former board of the investor company terminated the joint venture; however, their attempts to have their capital returned were ignored by the offenders, resulting in financial loss to shareholders, including those who bought shares following public announcements of the joint venture,” he said.
Mr Volkov shipped ice-cream machines labelled as scientific laboratory equipment to a facility in Thailand, where the batteries were to be produced, though none were, he alleged.
The pair are accused of faking scientific qualifications to former board members and pretending to have “relationships with Russia-based scientists and Australia-based scientific institutions”.
Detective Byrnes said the investigation confirmed that despite knowing that the graphene technology could not be produced, the men continued marketing it in order to secure investments.
“This highlights that it is important to stay in control of your investment transactions and seek a second opinion prior to committing to an investment.”
Mr Volkov has been arrested and charged with one money laundering offence and two fraud offences (dishonestly cause detriment and dishonestly induce delivery of $60,050) and was expected to appear in Southport Magistrate on October 3.
An arrest warrant is in the process of being issued for the 62-year-old for the same charges.
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Компания ООО «УРАЛЬСКИЙ ПОТОК» – это многолетний и бесценный опыт работы в сфере обеспечения объектов промышленного строительства, нефтегазовой отрасли, строительства энергетических объектов, а так же комплектация объектов гражданского строительства соединительными деталями трубопровода и запорно-регулирующей арматурой. Наши заказчики ценят в первую очередь безупречное качество нашей продукции и ее соответствие необходимым ГОСТ , а так же кратчайшие сроки поставки в любую точку России. За счет многолетних партнерских отношений с крупнейшими Российскими компаниями , мы сформировали ассортимент который максимально соответствует запросам наших клиентов.
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Компания ООО «УРАЛЬСКИЙ ПОТОК» – это многолетний и бесценный опыт работы в сфере обеспечения объектов промышленного строительства, нефтегазовой отрасли, строительства энергетических объектов, а так же комплектация объектов гражданского строительства соединительными деталями трубопровода и запорно-регулирующей арматурой. Наши заказчики ценят в первую очередь безупречное качество нашей продукции и ее соответствие необходимым ГОСТ , а так же кратчайшие сроки поставки в любую точку России. За счет многолетних партнерских отношений с крупнейшими Российскими компаниями , мы сформировали ассортимент который максимально соответствует запросам наших клиентов.
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Компания ООО «УРАЛЬСКИЙ ПОТОК» – это многолетний и бесценный опыт работы в сфере обеспечения объектов промышленного строительства, нефтегазовой отрасли, строительства энергетических объектов, а так же комплектация объектов гражданского строительства соединительными деталями трубопровода и запорно-регулирующей арматурой. Наши заказчики ценят в первую очередь безупречное качество нашей продукции и ее соответствие необходимым ГОСТ , а так же кратчайшие сроки поставки в любую точку России. За счет многолетних партнерских отношений с крупнейшими Российскими компаниями , мы сформировали ассортимент который максимально соответствует запросам наших клиентов.
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Компания ООО «УРАЛЬСКИЙ ПОТОК» – это многолетний и бесценный опыт работы в сфере обеспечения объектов промышленного строительства, нефтегазовой отрасли, строительства энергетических объектов, а так же комплектация объектов гражданского строительства соединительными деталями трубопровода и запорно-регулирующей арматурой. Наши заказчики ценят в первую очередь безупречное качество нашей продукции и ее соответствие необходимым ГОСТ , а так же кратчайшие сроки поставки в любую точку России. За счет многолетних партнерских отношений с крупнейшими Российскими компаниями , мы сформировали ассортимент который максимально соответствует запросам наших клиентов.
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Now let’s have a look at some of the best tablets which are handpicked by our team of tablet professionals to reduce your effort in buying the best graphics tablets for drawing. We will have a look at graphics tablets in all budget constraints, from $25 low-end tablets to high-configured $400 tablets, because not everyone would be able to afford those expensive graphics tablets, especially beginners. So, let’s start with the list.
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Most of the graphics tablets work as a connected device, means you will need a separate monitor. While some high-end graphics tablets even include a display, means you can draw your art on the same surface where it appears. Generally, these high-end graphics tablets fall into the expensive category and are mostly used by professionals. Refer this guide to buy the best graphics tablet / drawing tablet with screen.
Below are the features you should consider while buying a graphics tablet for drawing.
• Size – While buying a graphics tablet for drawing, the size makes a big difference. The greater surface area will give you plenty of space to draw, and they often come with higher input qualities and more shortcut keys, hence efficient working.
• Pressure Sensitivity – Graphic tablets capture the motion of your pen as well as your pressure information. Many of these tablets come with pressure sensitivity which tracks the amount of pressure, meaning when you apply pressure on the pen while drawing, it will render a thicker line. Note that the tablets with 2048 pressure levels capture more information than those with 1024 pressure levels. On a simple note, the more pressure sensitivity will give you more variety in thickness of line.
• Controls – Many graphics tablets come with functional keys which can be programmed according to your needs. Some models include keys around the drawing area while some models include keys on the pen. Functional keys on pen can save your time, allowing you to reach shortcuts and your favorite settings directly without navigating on the tablet.
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Most of the graphics tablets work as a connected device, means you will need a separate monitor. While some high-end graphics tablets even include a display, means you can draw your art on the same surface where it appears. Generally, these high-end graphics tablets fall into the expensive category and are mostly used by professionals. Refer this guide to buy the best graphics tablet / drawing tablet with screen.
Below are the features you should consider while buying a graphics tablet for drawing.
• Size – While buying a graphics tablet for drawing, the size makes a big difference. The greater surface area will give you plenty of space to draw, and they often come with higher input qualities and more shortcut keys, hence efficient working.
• Pressure Sensitivity – Graphic tablets capture the motion of your pen as well as your pressure information. Many of these tablets come with pressure sensitivity which tracks the amount of pressure, meaning when you apply pressure on the pen while drawing, it will render a thicker line. Note that the tablets with 2048 pressure levels capture more information than those with 1024 pressure levels. On a simple note, the more pressure sensitivity will give you more variety in thickness of line.
• Controls – Many graphics tablets come with functional keys which can be programmed according to your needs. Some models include keys around the drawing area while some models include keys on the pen. Functional keys on pen can save your time, allowing you to reach shortcuts and your favorite settings directly without navigating on the tablet.
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Right since their inception, tablets have been very handy and useful as a pocket graphic handler. Starting the very basic text taking a tablet to the currently available feature-loaded tablets, these devices have become a necessity for most of the graphic-engaged users. Standing up to the similar maxim, the Wacom Intuos sports three variants with a difference in their screen size. The tablet comes with a pressure sensitivity, which can vary 8192 levels of pen pressure sensitivity. The tablet also comes with a bunch of gestures which can be customizable based on the user. This powerful duo of pressure sensitivity and gesture support makes it stand out from the crowd and makes it a completely potential tablet for graphics.
Moreover, the tablet comes with a customizable ExpressKeys and Touch Ring technology which gives you quick access to all your favorite software shortcuts. Whatever the graphics usage be including drawing, sketching, painting, or photoshopping, the Wacom takes it all with ease. It also helps in streamlining your graphics work as the Wacom creative pen tablets and pen displays are meant to provide a more natural and intuitive creative experience, allowing the user to create and collaborate the work faster. All these aforementioned aspects make this certainly the best drawing tablet in our list and across all the tablet’s portfolio.
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Now let’s have a look at some of the best tablets which are handpicked by our team of tablet professionals to reduce your effort in buying the best graphics tablets for drawing. We will have a look at graphics tablets in all budget constraints, from $25 low-end tablets to high-configured $400 tablets, because not everyone would be able to afford those expensive graphics tablets, especially beginners. So, let’s start with the list.
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Well, if you’re a digital artist and planning to buy the best drawing tablet, then pressure sensitivity, size and accuracy are the key specifications to look for and it’s probably not an easy task to figure out what fits in your requirements. So, how to choose the right graphics tablet for drawing? And, what are the best drawing tablets available to buy in the market? Let’s find them out.
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Now let’s have a look at some of the best tablets which are handpicked by our team of tablet professionals to reduce your effort in buying the best graphics tablets for drawing. We will have a look at graphics tablets in all budget constraints, from $25 low-end tablets to high-configured $400 tablets, because not everyone would be able to afford those expensive graphics tablets, especially beginners. So, let’s start with the list.
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Right since their inception, tablets have been very handy and useful as a pocket graphic handler. Starting the very basic text taking a tablet to the currently available feature-loaded tablets, these devices have become a necessity for most of the graphic-engaged users. Standing up to the similar maxim, the Wacom Intuos sports three variants with a difference in their screen size. The tablet comes with a pressure sensitivity, which can vary 8192 levels of pen pressure sensitivity. The tablet also comes with a bunch of gestures which can be customizable based on the user. This powerful duo of pressure sensitivity and gesture support makes it stand out from the crowd and makes it a completely potential tablet for graphics.
Moreover, the tablet comes with a customizable ExpressKeys and Touch Ring technology which gives you quick access to all your favorite software shortcuts. Whatever the graphics usage be including drawing, sketching, painting, or photoshopping, the Wacom takes it all with ease. It also helps in streamlining your graphics work as the Wacom creative pen tablets and pen displays are meant to provide a more natural and intuitive creative experience, allowing the user to create and collaborate the work faster. All these aforementioned aspects make this certainly the best drawing tablet in our list and across all the tablet’s portfolio.
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