marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
fraud
06/30/2023
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By Olivia Cook
New report reveals how $200B in COVID-19 relief aid was STOLEN
A federal watchdog’s investigation strongly suggests that more than $200 billion in taxpayer dollars may have been stolen from two large Wuhan coronavirus (COVID-19) relief initiatives. This is according to the inspector general of the Small Business Administration (SBA) and represents a much greater loss through fraud than the office’s previous projections and underscores the vulnerability […]
06/29/2023
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By Arsenio Toledo
EV COLLAPSE: Electric vehicle manufacturer Lordstown Motors files for bankruptcy
Electric vehicle manufacturer Lordstown Motors filed for bankruptcy protections on Tuesday, June 27, after announcing that it would put itself up for sale. It filed for Chapter 11 bankruptcy protections in a bankruptcy court in Delaware. Lordstown stated that it will be looking for potential buyers to take over its assets, including the manufacturing of the […]
06/29/2023
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By Ethan Huff
MONEY PIT: Thieves stole more than $200 BILLION in Covid-19 aid, federal watchdog group now says
The United States Small Business Administration (SBA) has released new data showing that both the Paycheck Protection Program (PPP) and the COVID-19 Economic Injury Disaster Loan program were heavily abused by fraudsters, particularly at the start of the Wuhan coronavirus (Covid-19) “pandemic.” The SBA inspector general released a report revealing that “at least 17 percent […]
06/14/2023
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By Ethan Huff
‘The Great Grift’: New AP investigation reveals stunning scope of COVID fraud
The fraud that underpinned the Wuhan coronavirus (Covid-19) “pandemic” runs so deep that even the Associated Press (AP) now admits that the entire things was a great grift against the American people and the world. In fact, the AP entitled its new investigation into covid fraud “The Great Grift,” highlighting how the Federal Reserve funneled […]
04/24/2023
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By Ethan Huff
Bed Bath & Beyond files for Chapter 11 “reorganization” bankruptcy following shady board moves and corporate virtue signaling
After a rocky road of questionable and possibly illegal moves by CEO Sue Gove and other corrupt members of the company’s board, retailer Bed Bath & Beyond has filed for Chapter 11 bankruptcy protection, a reorganization strategy that, unlike Chapter 7 bankruptcy, still allows a company to continue operating while it purportedly tries to fix […]
03/29/2023
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By Ethan Huff
JPMorgan holds massive gold derivative short position that could be larger than the bank’s total assets, top money managers warn
Should the price of gold ever shoot up from its current price by, say, another $1,000 in the coming weeks or months due to an unexpected “black swan” event, banking giant JPMorgan Chase would more than likely find itself underwater due to the massive gold derivative short positions it currently holds. Dr. Stephen Leeb, one […]
03/28/2023
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By JD Heyes
Govt. agency files complaint against crypto exchange Binance, alleging compliance violations
On Monday, the Commodity Futures and Trading Commission filed a complaint in an Illinois federal court against Binance, its co-founder Changpeng Zhao, and its former chief compliance officer Samuel Lim, alleging that Binance solicited U.S. users and undermined its own “ineffective compliance program.” As reported by CNBC, the filing has the potential to disrupt the exchange’s operations and […]
03/26/2023
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By News Editors
Swiss defend $17BN AT1 bond wipeout in Credit Suisse deal as furious creditors including David Tepper vow to sue Switzerland
Amid the justifiably shocked outcry from Credit Suisse junior debtors, who saw their entire AT1 debt tranche wiped out before the equity was fully impaired, violating every conventional liquidation waterfall, on Thursday Swiss financial regulator Finma has defended its decision to wipe out a huge swath of risky subordinated bonds as part of the Credit […]
03/24/2023
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By Ethan Huff
SEC charges crypto guru Justin Sun and three of his companies – Tron Foundation, BitTorrent, and Rainberry – for market manipulation and other alleged fraud
The U.S. Securities and Exchange Commission (SEC) has filed charges against cryptocurrency asset entrepreneur Justin Sun and three of his companies for “fraud and other securities law violations.” The SEC said three of Sun’s wholly-owned companies, Tron Foundation Limited, BitTorrent Foundation Ltd., and Rainberry Inc. (formerly BitTorrent), engaged in the unregistered offer and sale of crypto asset […]
03/21/2023
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By Cassie B.
SAM THE SIPHON: Filings show former CEO Sam Bankman-Fried took $2.2 billion in customer funds for personal use
FTX Co-founder and former CEO Sam Bankman-Fried and five members of his inner circle reportedly pocketed more than $3.2 billion from parts of their crypto empire, including the hedge fund Alameda Research. Bankman-Fried and the other employees transferred the funds to their personal accounts using the label of “payments and loans.” This is according to […]
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