Category Archives: Ridiculously obvious scams

John Helmer: Amazing Pentagon Weapon Penetrates Putin’s Brain Before He Was Born – President Reagan’s Brain Secret Confirmed, With Poroshekno’s and Nuland’s

If you’ve read The Men Who Stare at Goats, you already know that the defense establishment has a peculiar fondness for funding quackery. But this is still a doozy.

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Time for #GreekLivesMatter

If you are not part of the solution, you are part of the problem.

The Troika’s willingness to turn Greece into a failed state first, as a side effect of its “rescue the French and German banks” operation, and now, as part of its German hegemony protection racket, is killing people and in the longer term will only accelerate the rise of extreme right wing elements in the Eurozone. As Ilagi wrote last week:

Does the EU have any moral values at all? And if not, why are you, if you live in the EU, part of it? .

Because you don’t have any, either? And if you do, where’s your voice? There are people suffering and dying who are part of a union that you are part of. That makes you an accomplice. You can’t hide from that just because your media choose to ignore your reality from you.

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How the Scammers Behind Virgin Gold Mining Corporation Bit Off More Than They Could Chew (III)

Yet more twists in the tale of the giant pyramid fraud, Virgin Gold Mining Corporation: Plan “C” starts to come unravelled.

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John Helmer: Convicted Fraudster Jonathan Hay, Harvard’s Man Who Wrecked Russia, Resurfaces in Ukraine

One of the sorriest chapters in recent American history was how we allowed an unprecedented opportunity to assist Russia in managing the end of its Communist era to turn into a looting exercise by well-placed insiders, including advisors under contract to Harvard.

onathan Hay ran the day-to-day operations of the Russia Project. He was found guilty of violating three counts of the False Claims Act and was debarred from serving in USAID. But he’s managed to resurface in Ukraine, working in the local operations of a Polish think tank. Nicely played.

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Is Power8, Sponsor of Everton FC, Fulham FC and RCD Espanyol, a Giant Ponzi?

Yves here. Richard Smith is on the trail of what looks to be his biggest international scam find ever, orders of magnitude larger than the usual below the radar single to low double digit million dollar/pound/euro operation that he has ferreted out in the past. And mind you, even though he focuses on the dubious looking inter-corporate relationships and the often evident lack of normal investors protections and business substance, these companies sell hope and glamour to typically credulous retail investors who lose their money and have no recourse.

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KKR’s Botched Document Cover-Up Reveals Washington Public Pension Fund Cronyism

As we’ve been examining private equity abuses, readers have been incredulous that investors have put up with one-sided, deliberately vague, complex, and/or obfuscatory contracts, unreasonable demands for secrecy, and lack of access to critically important information, such as the financial statements of the portfolio companies that they own. This failure of investors to protect their own interest is particularly troubling given that so many are fiduciaries.

We have another example of this sort of conduct that comes out of an important story in the Wall Street Journal yesterday. Private equity kingpin KKR made what amounted to an admission of guilt by rebating fees that the SEC had found were improperly charged, meaning stolen from the limited partners. We’ve obtained the document that was the foundation of the story and are embedding it at the end of this post. It’s a remarkable example of how cronyistic the relationships are between hapless, captured investors and the general partners who led them by the nose.

We are about to do some document forensic work, so put on your gumshoes!

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