New Zealand: the Shell Company Incorporation Franchises (III)
We remind the New Zealand government that a shell company network linked to $10-100Bn of alleged moneylaundering is still active in New Zealand.
Read more...Category Archives: Ridiculously obvious scams
New Zealand: the Shell Company Incorporation Franchises (II) (and Ukraine)
The nuts-and bolts view of these looting mechanisms shows how corruption actually works.
Read more...New Zealand: the Shell Company Incorporation Franchises (I)
How New Zealand shell company incorporations help tax evaders and scammers.
Read more...Enron 2.0: Goldman-Linked Investors Set to Manipulate East Coast Electricity Prices
Remarkably, some Goldman alumni look about to re-enact Enron-style energy market price manipulation all along the East Coast. And no one appears to be alert enough to stop them.
Read more...While New Zealand’s Company Law Reform Stalls, GT Group Helps a Thieving Ukrainian Despot
Since the Great New Zealand Shell Company Deregistration Frenzy of 2009-2011, which we rounded up here and here, the New Zealand Government, and the New Zealand Companies Office, have managed to catch a bit of sleep, bless them.
Read more...Will “Highway Cliff” Allow Obama to Revive “Public/Private Partnership” Infrastructure Scam?
Your humble blogger may be reading more than is warranted into the synchronistic timing of stories in two different newspapers about financing highway construction. But it nevertheless looks sus.
Read more...Health Care Information Technology: A Danger to Physicians and to Your Health
The causes of the crapification are legion, but one that is having a bigger impact on health care than is widely recognized is bad information technology implementation. And I don’t mean the healthcare.gov website.
Read more...The Stealthy, Ugly Growth of Corporatized Medicine
If you think medical care in the US is already suffering from crapification, the Brave New World of corporatized medicine will take it to a new level.
Read more...General Mills Opens New Frontier in Denying Consumers Right to Sue: Just Use Its Products
To enable it to continue to engage in misleading labeling and advertising, General Mills claims that anyone who buys its products or even merely is dumb enough to like it on Facebook has consented to arbitration.
Read more...Robert Cowley, 2nd Baron Ardwhallan: A Scammer’s Comeuppance
Robert Cowley, CEO of fake bank Investment Suisse, goes to jail for fraud
Read more...How Banks Fleece Heirs on Reverse Mortgages
Never underestimate the willingness of banks to find new and creative ways to cheat customers, particularly when big bucks are at stake.
Read more...Why the Justice Department Inspector General Report on Mortgage Fraud Matters
Hello, folks! As Yves is off explaining the world to Washington, I’m manning the controls for a couple days.
This allows me to ensure that NC has that whole Justice Department IG report on mortgage fraud covered. I know that Yves heaved the written equivalent of a sigh at the news, and she wasn’t wrong. Nothing tangible is likely to happen for the borrowers victimized by the abusive practices that DoJ willfully neglected to prosecute. And there’s surely a seat being kept warm at Covington & Burling for Eric Holder’s post-government career; this won’t hurt him a bit.
But because I don’t feel the coverage so far has plumbed the depths of this corruption, and because it’s still happening, it’s not worth going silent just yet. It’s probably spitting into the wind, yes, but I’ve got the time and the spit, so I want to note a few things.
Read more...Do Not Hire SEO Firm Yoast: Our Terrible Experience With Yoast SEO Review
Our bad experience with vendor known as Yoast, in a perverse case of synchronicity, illustrates our theme of the crapification of everything. Nevertheless, we suspect you’ll find our shaggy dog story to be entertaining.
Read more...Private Equity Industry Floats Trial Balloon For “Get Out of Decades of Flagrant SEC Abuses for Free” Card
In late February, Bloomberg stated that the SEC is “considering” forgiving decades of private equity firms acting as unregistered broker-dealers and possibly legalizing the practice going forward. In case you think this is not a big deal, as we explain later in the post, the SEC is in fact vigilant about enforcing these regulations, so this would be an unprecedented waiver of liability. But richer-than-Croesus private equity firms are special, right?
Read more...Obama Administration May Open Up Atlantic to Seismic Testing
Yves here. Another entry in the “What could go wrong?” category.
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