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  The giant commodity trader has recorded a $577 million impairmen t as a result of the fraud, and fired the group's head of nickel and cobalt trading, Socrates Economou (though the company made it clear that this was a systematic fraud committed against it by an outside party, and does not believe that anyone at the company was complicit in the fraud.). Trafigura said in a statement that it has started legal action against Indian businessman Prateek Gupta and several companies connected to him including TMT Metals and subsidiaries of UD Trading Group.“Since late December 2022, a small proportion of the containers purchased from these companies have been inspected as they reached their destination, and were found not to contain nickel,” Trafigura said in the statement. “The majority of the shipments remain in transit awaiting further inspection.”This is yet another black mark for the metals-trading industry, which in recent years has been beset by tales of fake warehouse receipts, ...

  The IceBreaker is a relatively new tradition that began at Myrtle Beach Speedway in 2016 as a way for drivers to get an early start to the racing season in the Carolinas. Held five times at Myrtle Beach Speedway before the track’s demise, Tommy Lemons Jr. emerged as the winner of the inaugural event in 2016. Four-time NASCAR Advance Auto Parts Weekly Series National champion Lee Pulliam claimed the IceBreaker victory in 2017, with NASCAR Craftsman Truck Series veteran Timothy Peters scoring the win in 2018. Ty Gibbs, who is set to begin his maiden NASCAR Cup Series campaign later this month, took home the IceBreaker trophy in 2019. Regional star Sam Yarbrough was the winner of the final IceBreaker held at Myrtle Beach in 2020. With Myrtle Beach’s closure, the IceBreaker was moved to Florence Motor Speedway beginning in 2021. Chad McCumbee took home the checkered flag that season, with NASCAR Xfinity Series star and 2020 NASCAR Advance Auto Parts Weekly Series National champion Jo...