Category Archives: Ridiculously obvious scams

Ralph Nader: Leaves Must be Canceled. All Hands on the Congressional Deck.

Ralph Nader pens an open letter to House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer.

Will Tether Bring All The Cryptocurrencies Way Down?

The more you look at the cryptocurrency Tether, the less there is to like.

Nassim Nicholas Taleb Shellacks Bitcoin and Cryptocurrencies

Nassim Nicholas Taleb explains why Bitcoin is not good for much except enriching early adopters and intermediaries.

Device Makers Have Funneled Billions to Orthopedic Surgeons Who Use Their Products

Federal officials say that some of the money changing hands has corrupted doctors and endangered patients.

Device Makers Have Funneled Billions to Orthopedic Surgeons Who Use Their Products

Despite warning that freebies to surgeons might constitute fraud, the feds have yet to ramp up enforcement actions.

Shale Oil Fraud Case Reveals Executives Ignore Their Own Engineers and Mislead Investors

Emerging shale oil fraud cases: employees warn management that they’re misleading investors but rather than changing course the employees were ignored or fired.

Bezzle Watch: “1099s and Tenderness” – Papa Health Has Wacky Ideas About Elder Care

Papa Health makes no sense as a business, not that that’s a barrier to a few rounds of fundraising.

Decisions Finally Coming in Long-Running Battle with Hedge Fund Titans in Kentucky Pension Case, Mayberry v. KKR

Mayberry v. KKR, centering on the alleged abuse of the clueless Kentucky Retirement Systems by Wall Street titans, may finally restart.

How Third-Party Auditors Make Oil Industry Fraud Possible

Oil companies hire accountants to legitmate inflated financial claims. Investors and regulators are targeting these auditors for fraud.

The West’s Not Very Hidden Hand in Debt Oppression in Central Asia

How World-Bank-sponsored microlending produced widespread misery in Kyrgyzstan and Kazakhstan: debt collectors use violence.

SoftBank-Funded Silicon Valley Unicorn Katerra, Which Was to “Transform” the Construction Industry, Collapses

Katerra, one of the rare unicorns with a real or at least plausible business, fell to Covid. Lawsuits will fly.

When Is a Co-Op Not a Co-Op? When Vested Interests in California Want to Keep Platform Workers From Having Power

California Assembly Bill 1319 is a convoluted scheme to create so-called co-ops designed to keep gig workers disempowered.

Federal Judge Nixes Proposed Monsanto Glysophate Settlement, Deepening Black Hole for Bayer

More on the well-deserved Monsanto litigation world of hurt.