Former NSW MP Daryl Maguire tells ICAC he didn’t report ‘cash-for-visa scam’ because he was making money

Former NSW MP Daryl Maguire has told a corruption inquiry he did not report his involvement in a “cash-for-visa scam” because he was making money.

The former Wagga Wagga MP is accused of using his position in Parliament to benefit himself and his related business associates.

Within half an hour of questioning in NSW’s Independent Commission Against Corruption (ICAC), Mr Maguire admitted to using his parliamentary office and resources to conduct various business dealings, including receiving thousands of dollars in cash at his office as part of the visa scam.

He also admitted to acting as a shadow director for a business known as G8wayInternational, as well as using his parliamentary staff, resources, mailing system and even the parliamentary library for the business.

Mr Maguire said those business interests were not disclosed as they should have been in line with his obligations as an MP.

Later, he told the hearing

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Fed Rates Near Zero Didn’t Make These Credit Cards Any Cheaper

(Bloomberg) — U.S. retailers’ credit cards with the highest cost of borrowing kept the same rate in 2020 as last year even as the Federal Reserve slashed interest rates to near-zero, a report found.



a close up of a keyboard: Mastercard Inc. chip credit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 24, 2016. Mastercard Inc. is scheduled to release earnings figures on October 28.


© Bloomberg
Mastercard Inc. chip credit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 24, 2016. Mastercard Inc. is scheduled to release earnings figures on October 28.

Credit cards from Big Lots Inc., Discount Tire and several jewelry retailers issued by Comenity Bank and Synchrony Financial maintained annual rates of 29.99%, creditcards.com said Monday in a statement. Ted Rossman, an analyst at creditcards.com, said two cards from Nordstrom Inc. issued by Toronto-Dominion Bank increased their average rates this year.

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Those retailers were exceptions, as most other cards cut rates from last year, according to the report from creditcards.com, an online marketplace and information hub. The average retail rate fell

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Peru bet on cheap COVID antibody tests; it didn’t go well

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FILE – In this April 15, 2020 file photo, a healthcare worker testing for the new coronavirus monitors the results of antibody tests, inside a home in Lima, Peru. Peru imported millions of COVID-9 antibody tests to detect infections, even though they are not designed to identify active cases. Some have been banned from distribution in the United States after being found faulty.

AP

In the early days of the coronavirus pandemic, the harried health officials of Peru faced a quandary. They knew molecular tests for COVID-19 were the best option to detect the virus – yet they didn’t have the labs, the supplies, or the technicians to make them work.

But there was a cheaper alternative — antibody tests, mostly from China, that were flooding the market at a fraction of the price and could deliver a positive or negative result within minutes of a

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