marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
fraud
08/28/2020
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By Franz Walker
South Korea’s third-largest cryptocurrency exchange seized due to allegations of extreme fraud
South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul Shinmum, the Seoul Metropolitan Investigation Department searched and seized several of the company’s premises, including its headquarters in Seoul’s Gangnam district. This came following reports […]
07/13/2020
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By Mike Adams
California now less than 90 days away from financial collapse… ANARCHY to follow
The State of California is now less than 90 days away from a financial collapse that can only be averted by acquiring new sources of loans or dramatically slashing government-funded services in health care, pensions, welfare and education. The cracks of financial insolvency are starting to show, and Newsom has no plan that doesn’t lead […]
07/05/2020
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By Ralph Flores
Luckin Coffee’s luck finally runs out as it delists from Nasdaq
Luckin Coffee, the embattled coffee retailer that, at one point, was Starbucks’s biggest challenger in China, will delist from the Nasdaq following its disclosure of a massive fraud scandal that tanked its share price. The company, in a statement filed with the Securities and Exchange Commission (SEC) on Saturday, said that it would not contest Nasdaq’s decision to push the […]
07/01/2020
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By Ralph Flores
Trump signs law relaxing small business loan rules, but many are still left behind
Not long ago, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law, which eases some of the policies of the Paycheck Protection Program under the coronavirus relief bill. The overhaul comes as a relief for small businesses, as many are still trying to claw their way out of the economic crisis from the Wuhan coronavirus […]
06/14/2020
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By Franz Walker
Jobless claims fraud on the rise as coronavirus boosts unemployment
Authorities have warned that states are being hit with unemployment-benefit fraud amounting to billions of lost dollars. This comes amid historically high levels of jobless claims related to the Wuhan coronavirus (COVID-19) pandemic. “In a large-scale scam erupting in the midst of the Coronavirus pandemic, imposters are filing claims for unemployment benefits, using the names and personal information […]
06/02/2020
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By Ethan Huff
Moderna stock surge illustrates how markets are a pump-and-dump scam
Immediately after it was announced that preliminary trials on a new vaccine for the Wuhan coronavirus (COVID-19) supposedly showed some positive results, Moderna, the company behind the jab, saw its stock values soar, illustrating the pump-and-dump scam mentality that undergirds today’s stock market. The mere idea that some future vaccine might end up “working” to […]
04/23/2020
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By Ralph Flores
New CARES Act only cares about big corporations – local restaurants walk away with NOTHING
The coronavirus (COVID-19) may have currently infected over 830,000 Americans and caused 45,638 deaths, but that won’t stop corporations from making sure they come out on top – even if it means taking money meant for smaller businesses. Case in point: Big restaurant chains like Shake Shack, Potbelly and Ruth’s Chris Steak House walk away with tens […]
04/21/2020
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By JD Heyes
Can you say “fraud?” Large companies stepping in to take coronavirus relief loans meant for SMALL businesses
The biggest problem with showering the country with money under the guise of trying to provide ‘relief’ for people, whether it’s the economic crisis of 2009 or the Wuhan coronavirus (COVID-19) pandemic, is that such helicoptering of money rarely comes off as efficient. What’s more, when there are literally trillions of dollars up for grabs, […]
03/03/2020
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By JD Heyes
World Bank “pandemic bonds” may explain why the WHO has yet to declare the coronavirus a “pandemic” … even as it spreads to over 60 countries
Even as the first American dies of the Wuhan coronavirus and the first U.S. state declares an emergency to prepare for what a much wider outbreak, the U.S. government has yet to declare a “pandemic,” but there could be significant financial reasons for that. As reported by MintPress News, there’s “a little-known specialized bond” that was […]
12/11/2019
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By News Editors
“We totally failed as a business”: Unicorn scooter impales investors after company goes hooves-up
It was a stupid idea at a terrible time; startup company Unicorn thought they could convince people to spend $699 on an electric scooter – as opposed to simply paying a few bucks each time they use one of the ubiquitous e-scooters littering cities across the country. (Article by Tyler Durden republished from ZeroHedge.com) After […]
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