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#financialcrimes — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #financialcrimes, aggregated by home.social.

  1. From today's #MoneyStuff, the question is raised: if Elon Musk is found to have violated securities law and must disgorge $143m in unjust earnings, but not enough specific victims can be found, what should happen?

    High priced lawyers are busy arguing that courts cannot order repayment unless it goes to specific victims. And if no such victims can be identified then Elon gets to keep his cash, presumably. Giving the money back to the market makers who were the last link I the sale seems like an unjustified windfall. I am fine with the Treasury just keeping it, but I can see how that moves the cash from one category of penalty to another.

    This I think is an area where cryptocurrency does actually have a useful innovation to contribute. If Mr. Musk has contributed a fraud on the market at large (a large distributed system in which it is hard to apportion losses.that match his gains) then we turn that around and spread the restitution out in a similar distributed fashion. Elon should have to buy a basket of equities and the "burn" it, reducing the number of shares that exist and thus increasing value for everyone else. (And also for him too, but we can solve that with the right math.)

    There are no doubt some practical obstacles to overcome but I don't see any block in principle to the clearinghouse agreeing that those shares no longer exist.

    #financialcrimes

  2. One of TV personality Dr. Phil’s maxims is that you should avoid debt at all costs. At the same time, his son Jay McGraw has been involved in the payday lending industry. @ProPublica collaborated with Anchorage Daily News on a story about his role in CreditServe Inc., a consulting firm that worked with a company owned by a Native American tribe in Alaska that offered small dollar loans, with interest rates as high as 700%. CreditServe provides the infrastructure to market, underwrite and collect on loans while “the Tribe is merely a front” and shares in only a small percentage of the revenue, according to a suit filed by five borrowers. They claim that McGraw has collected hundreds of millions of dollars of consumer payments.

    propublica.org/article/minto-m

    #Money #Finance #Alaska #Anchorage #DrPhil #FinancialCrimes #Newstodon #NewstodonFriday #FollowFriday

  3. Yea! I have BARD back. Now I'm downloading books about Lehman Brothers. #Books, #FinancialCrimes, #Finance, #Blind

  4. One common thing #StateSponsoredMalware™ from #GammaGroup . Com's #FinFisher #FinSpy #Finsky does is a downgrade attack on your encryption by using older protocols that are already compromised and also using port 80 over port 443 on web browsers at logins as well as replacing and utilizing different certificates with lower bits and easily broken ciphers so that you still have a green lock on your browser.

    Libraries of overlay icons have also been found to overlay and replace icons on each os also mimicking icons that make you think you are using ' secure ' settings also for common programs for communications.

    This software is commonly used for investigation purposes but it's been see also primarily used as a financial crime tool in the South Eastern United States in Red States attacking Blue States since 2015 when it's source code was hacked.

    #infosec #SSM#GammaGroup #FinFisher #FinSpy #Finsky #CALEA #CALEAmalware#greymarket #financialcrimes #investigations #ForcedMDM #MITM

  5. @axios
    We will sentence people to 40-50 years for "#FinancialCrimes", but #shoot and kill someone, and get 5-10 years.

    You can tell everything about a nation by where it sets its criminal priorities (and millions would be perfectly fine electing a convicted criminal as president.)

  6. The #NewYork #attorneygeneral asked a judge to make #DonaldTrump pay roughly $370 million after his New York civil #fraud trial. Along with the steep #financial #penalty, the state's attorney general is asking that Mr. Trump be barred from running any company or participating in the #realestate industry in New York. #Trump #corruption #criminal #financialcrimes

  7. Mr. Shirtless Selfie, Alec Murdaugh back in court for financial crimes; requests new trial for murder conviction
    “I want to take responsibility. I want my son to see me take responsibility. It’s my hope that by taking responsibility that the people I’ve hurt can begin to heal,” said Murdaugh

    newsviews.online/2023/09/23/mr
    #Updates #FinancialCrimes #Murdaugh #SouthCarolina

  8. Mr. Shirtless Selfie, Alec Murdaugh back in court for financial crimes; requests new trial for murder conviction
    “I want to take responsibility. I want my son to see me take responsibility. It’s my hope that by taking responsibility that the people I’ve hurt can begin to heal,” said Murdaugh

    newsviews.online/2023/09/23/mr
    #Updates #FinancialCrimes #Murdaugh #SouthCarolina

  9. Mr. Shirtless Selfie, Alec Murdaugh back in court for financial crimes; requests new trial for murder conviction
    “I want to take responsibility. I want my son to see me take responsibility. It’s my hope that by taking responsibility that the people I’ve hurt can begin to heal,” said Murdaugh

    newsviews.online/2023/09/23/mr
    #Updates #FinancialCrimes #Murdaugh #SouthCarolina

  10. Mr. Shirtless Selfie, Alec Murdaugh back in court for financial crimes; requests new trial for murder conviction
    “I want to take responsibility. I want my son to see me take responsibility. It’s my hope that by taking responsibility that the people I’ve hurt can begin to heal,” said Murdaugh

    newsviews.online/2023/09/23/mr
    #Updates #FinancialCrimes #Murdaugh #SouthCarolina

  11. Mr. Shirtless Selfie, Alec Murdaugh back in court for financial crimes; requests new trial for murder conviction
    “I want to take responsibility. I want my son to see me take responsibility. It’s my hope that by taking responsibility that the people I’ve hurt can begin to heal,” said Murdaugh

    newsviews.online/2023/09/23/mr
    #Updates #FinancialCrimes #Murdaugh #SouthCarolina

  12. Happy Birth-month #JulianAssange!

    Thanks for helping us fight #warCrimes and #financialCrimes and for giving #whistleblowers a genuine uncensorable platform.

    We all owe you.

    Here's hoping the #UK stop persecuting you for being a #journalist and for embarrassing a ruthless establishment who have trouble looking in the mirror.

  13. The #JeffreyEpstein cover-ups are slowly being exposed.

    Emails revealing #CIA director #WilliamBurns, #KathrynRuemmler ex-aide to Obama who would later work at #GoldmanSachs, and #banker Ariane de #Rothschild met him.

    Despite the #childSex offenses and links to #financialCrimes, according to the CIA, Burns didn’t know anything, "[Epstein] was introduced as an expert in the #financialServices sector and offered general advice on transition to the private sector."

    rt.com/news/575586-epstein-doc

  14. @anita
    Nice to see another person on the same page as us!

    Indeed the centralization of currency creation and severing from a hard currency like gold has lead to a plethora of problems. Inequality due to #cantillonEffect being one such pernicious element but in many ways both of the two world wars were financed by debt money.

    The map of perceived corruption, is correct only because it is labelled "perceived". There is so much #corruption and #financialCrimes, in western nations, but its covert.

  15. @anita
    Nice to see another person on the same page as us!

    Indeed the centralization of currency creation and severing from a hard currency like gold has lead to a plethora of problems. Inequality due to #cantillonEffect being one such pernicious element but in many ways both of the two world wars were financed by debt money.

    The map of perceived corruption, is correct only because it is labelled "perceived". There is so much #corruption and #financialCrimes, in western nations, but its covert.

  16. @anita
    Nice to see another person on the same page as us!

    Indeed the centralization of currency creation and severing from a hard currency like gold has lead to a plethora of problems. Inequality due to #cantillonEffect being one such pernicious element but in many ways both of the two world wars were financed by debt money.

    The map of perceived corruption, is correct only because it is labelled "perceived". There is so much #corruption and #financialCrimes, in western nations, but its covert.

  17. If someone calls claiming to be from your financial institution - even if they sound very much like what you'd expect from a bank and say that it's an urgent matter - ask them for a case reference number and tell them you'll call them back at the 1-800 number on the bank's website.

    The fraudsters are really out in force at the moment.

    #fraud #financialcrimes #bankfraud #personalsecurity #finance #selfprotection