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Massive Deficit Spending Greenlights Waste, Fraud, Profiteering and Dysfunction

Submitted by Charles Hugh Smith from Of Two Minds The nice thing about free to me money from any source is the recipients don't have to change anything. Free money.....»»

Category: blogSource: zerohedgeSep 14th, 2018

US Government Spending Soars To All Time High As Deficit Hits Record For Month Of May

Another month, another frightening jump in the US budget deficit. And this time with a record surge in go.....»»

Category: blogSource: zerohedgeJun 12th, 2019

Mississippi"s capital city sues company over water billing

Mississippi's capital city is suing the German company it hired to overhaul its water billing system, saying the company orchestrated "massive fraud" and failed to deliver on promises of saving the city $120 million......»»

Category: topSource: foxnewsJun 12th, 2019

Gov. Kate Brown proposes keeping $500 million of expected $1.4 billion kicker

Oregon Gov. Kate Brown on Thursday proposed retaining $500 million of the expected $1.4 billion kicker tax rebate. Brown proposed spending $250 million of the money to pay down some of the estimated $27 billion deficit of PERS, the pension fund for.....»»

Category: topSource: bizjournalsMay 30th, 2019

U.S. job growth surges; unemployment rate drops to 3.6 %

U.S. job growth surged in April and the unemployment rate dropped to the lowest in nearly half a century, pointing to sustained strength in economic activity even as last year's massive stimulus from Republican tax cuts and spending increases fades......»»

Category: topSource: reutersMay 3rd, 2019

CBO trims deficit projections on spending, interest payments

The Congressional Budget Office on Thursday reduced its projection of deficits from 2020 to 2029 by 2%, due to a lowering of its estimates of mandatory spending and net interest payments. The CBO anticipates a .....»»

Category: topSource: marketwatchMay 2nd, 2019

Cryptos Tumble After NY AG Accuses Bitfinex Of Massive Fraud, "Loss" Of $850 Million

New York’s Attorney General alleged the operator of the Bitfinex cryptocurrency trading platform and the issuer of the Tether "stablecoin" lost $850 million and subsequently used funds from affiliated stablecoin operator Tether - i......»»

Category: blogSource: zerohedgeApr 25th, 2019

Notorious Northwest e-waste company leaders head to prison in Washington

Two Washington recycling company executives will spend time in prison for conspiracy to commit wire fraud. Craig Lorch, 61, of Seattle, and Jeff Zirkle, 55, of Bonney Lake, Wash., were sentenced Tuesday in Seattle's U.S. District Court. The pair opera.....»»

Category: topSource: bizjournalsApr 23rd, 2019

Former Volkswagen CEO charged with fraud in Germany

German prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offenses in connection with the company's massive, multi-year effort to cheat on diesel........»»

Category: topSource: moneycentralApr 15th, 2019

Former Volkswagen CEO charged with fraud in Germany

German prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offenses in connection with the company's massive, multi-year effort to cheat on diesel........»»

Category: topSource: moneycentralApr 15th, 2019

A recycling kingpin is sentenced to 3 years in federal prison for e-waste disposal fraud

For 11 years, Brian Brundage promoted Interc.....»»

Category: topSource: chicagotribuneApr 12th, 2019

German authorities raid homes, offices in "cum-ex" tax probe

German prosecutors have searched over a dozen offices and homes across the country as part of their investigation into a massive tax fraud going back more than a decade......»»

Category: topSource: foxnewsApr 11th, 2019

The rise and fall of Theranos founder Elizabeth Holmes

Elizabeth Holmes started Theranos at age 19. Now, 15 years later, Holmes has been charged with massive fraud and Theranos has shut down for good......»»

Category: topSource: moneycentralMar 25th, 2019

The government set a record with a $234 billion deficit in February

Tax revenue is weak, spending is up, and deficits are hitting record high......»»

Category: topSource: washpostMar 22nd, 2019

SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors

The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, alleging a "massive fraud" on U.S. investors......»»

Category: topSource: reutersMar 15th, 2019

SEC alleges Volkswagen "perpetrated a massive fraud" and repeatedly lied to US investors

The Securities and Exchange Commission alleged in a court filing that Volkswagen had "perpetrated a massive fraud" and repeatedly lied to U.S. investors who bought bonds and other securities......»»

Category: topSource: moneycentralMar 15th, 2019

SEC sues Volkswagen, Winterkorn, citing "Dieselgate" fraud on investors

The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, accusing the company of perpetrating a "massive fraud" on U.S. investors......»»

Category: topSource: reutersMar 15th, 2019

SEC sues Volkswagen, Winterkorn over "Dieselgate"

The U.S. Securities and Exchange Commission sued Volkswagen AG and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal late Thursday, accusing the company of perpetrating a "massive fraud" on U.S. investors......»»

Category: topSource: reutersMar 15th, 2019

Premier: China needs "strong measures" to support economy but will rely on market reform, not lending, deficit spending

Premier: China needs "strong measures" to support economy but will rely on market reform, not lending, deficit spending......»»

Category: topSource: foxnewsMar 14th, 2019

Trump"s "MAGAnomics" gets a thumbs-down from Democrats

President Donald Trump proposed a record $4.7 trillion budget, pushing the federal deficit past $1 trillion but counting on optimistic growth, accounting shuffles and steep domestic cuts to bring future spending into balance in 15 years......»»

Category: topSource: foxnewsMar 12th, 2019

The rise and fall of Theranos" Elizabeth Holmes

Elizabeth Holmes started Theranos at age 19 and became the world's youngest female billionaire. But 15 years later, she was charged with massive fraud......»»

Category: topSource: moneycentralApr 25th, 2018