Category Archives: Ridiculously obvious scams

Earth to Reporters: Why Is No One Asking SBF What Happened to the $3.3 Billion He Borrowed?

Journalists are ignoring an obvious and damaging line of questioning with SBF. Of course, the “damaging” part may be why they are punting.

State of Big Tech 2022: Dismantling National & Global Digital Enclosures

From fintech to food systems to social media, the State of Big Tech offers a blueprint for the 99% to break privatized status-quo enclosures.

Adult-Child Genius Sam Bankman-Fried Opts for “I’m Hopelessly Stupid and Confused” Defense

Sadly, the press is eating up Sam Bankman-Fried’s not-remotely-credible defense of ignorance and addlebrain (as opposed to Adderall brain)

Key Institutional Crypto Player, Genesis, on Verge of Failure; Possibility of “Apocalyptic” Bitcoin Liquidation

Genesis, another key block in the crypto Jenga tower, looks like it is about to be removed from the game. What might fall down as a result?

Is Science Really Self-Correcting? Yes, But the Mechanism Varies

cience, or here, scientific journals do have their problematic papers caught out. But oddly they are not delisted or deplatformed.

Audits — Hidden Until Now — Reveal Millions in Medicare Advantage Overcharges

Newly released federal audits reveal widespread overcharges and other errors in payments to Medicare Advantage health plans for seniors, with some plans overbilling the government more than $1,000 per patient a year on average.

A Quick Note About Additional FTX Sleaze

Some shady FTX behavior that hopefully won’t be lost in the shuffle of new revelations.

The Only Crypto Story You Need? A Response to Matt Levine’s The Crypto Story

A wide-ranging discussion of why defenses of crypto don’t stand up to scrutiny.

FTX: New Ex-Enron CEO Finds “Complete Absence of Trustworthy Financial Information,” $3.3 Billion Loans to SBF, Customer Deposits Not Recorded on Balance Sheets; Confirms Software Backdoors, Auto-Deleted Communications

FTX is an even bigger mess than someone with a creative streak might have imagined.

Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties

Another account of the extent of the private equity health care grifting, as well as some avenues to check these abuses.

Congressional Amendment Opens Floodgates for War Profiteers and a Major Ground War on Russia

In a massive exercise in looting, two Senators are pushing for massive buys of outdated weapons systems, with the Ukraine war as cover.

Sam Bankman-Fried and FTX Were Up to No Good, Including Their Customer Agreement

In the unlikely event you have any doubt, Sam Bankman-Fried and his merry band of FTX rogues look mighty dishonest.

U.S. to Announce Plan for Private Companies to Fund International Renewable Energy Transition

Yet more proof that the US is far more inteested in green energy profiteering than doing the hard work to reduce the pace of climate change.

Thieves’ Paradise in Kiev — IMF Admits It Doesn’t Know How Much Ukraine Has Received of $35 Billion in Promised Foreign Cash, or Where the Money Was Spent

It isn’t surprising that IMF funds to Ukraine are lost in action. What is surprising is the IMF isn’t pretending to care.

Stab in the Back – Not One Inch but Right to the Heart

John Helmer picks apart the not-well-understood story of who betrayed whom when Gorbachev agreed to the lousy US “not one inch” promise.