Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Fraud

Corruption Already Undermining Administration of Brazil’s New President

This article appeared online at TheNewAmerican.com on Tuesday, May 31, 2016: 

In less than three weeks, the new administration of Brazil’s interim president, Michel Temer (shown, on the left), is already coming unraveled. On Sunday a secretly recorded audio tape was played by a local popular TV station of a conversation between the head of Temer’s newly created Ministry of Transparency, Supervision and Control, Fabiano Silveira, and Senate President Renan Calheiros. On the tape Silveira was giving Calheiros legal advice on how to avoid prosecution in the Petrobras scandal investigation called Operation Car Wash.

On Monday Silveira resigned his position following public protests that included soaping the windows of his office to indicate that Temer’s appointee needed a good cleansing.

Calheiros’ record of corruption goes back at least to 2007 when

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Brazil’s Interim President Says “Trust Me,” Installs Corrupt Bureaucrats

This article appeared online at TheNewAmerican.com on Monday, May 16, 2016:  

Upon taking over Brazil’s presidency from disgraced former President Dilma Rousseff on Thursday, interim president Michel Temer asked his skeptical citizenry to “trust” him, saying that his new administration would be Brazil’s “salvation”:

Trust me. Trust the values of our people and our ability to recuperate the economy…. It is essential to rebuild the credibility of the country abroad to attract new investments and get the economy growing again…. It is urgent to restore peace and unite Brazil. We must form a government that will save the nation…. It’s urgent to seek the unity of Brazil. We urgently need a government of national salivation.

Even if he truly intended to do any of that, the challenges he faces almost defy description.

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Texas Contracts to Build Nation’s First State Gold Bullion Depository

This article appeared online at TheNewAmerican.com on Thursday, May 5, 2016:  

The Texas Comptroller’s Office has begun to receive bids from private contractors interested in building the country’s first state gold storage facility, the Texas Bullion Depository (TBD). When Texas Governor Greg Abbott signed into law the bill providing for it last July, he said it was all about saving fees being paid to store the state’s gold in New York banks:

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Nothing is Likely to Change in Brazil

This article was published by The McAlvany Intelligence Advisor on Wednesday, April 20, 2016: 

One of Warren Buffett’s favorite expressions is “when the tide goes out, everyone will see who’s been swimming naked.”  In Brazil the tide went out at the start of the Great Recession and now the whole world can see who was swimming naked.

When President Lula was elected in 2002 the commodity boom was underway, and Brazil was enjoying the ride. Its major exports are soybeans, sugar, and iron ore, and under Lula Brazil’s GDP was running 10 percent a year. Lula implemented major expansions of the welfare state, including putting in place such generous pension plans that state workers could retire at age 54 for men and at age 52 for women at 90 percent of their final pay. The average Brazilian’s household income rose, and statists worldwide pointed to Brazil’s success story, naming it as one of the BRIC countries that would soon overtake the developed nations of the world, and doing it while expanding government spending.

But when Dilma Rousseff took over in 2011 the Great Recession was revealing the true nature of spending far beyond the ability of the economy to sustain it. In 2014 the government’s finances were in such dreadful shape that

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Illinois Comptroller: State Is Out of Money, Legislators’ Paychecks Delayed

This article appeared online at TheNewAmerican.com on Monday, April 18, 2016:  

Seal of Illinois. Center image extracted from ...

Illinois Comptroller Leslie Munger announced at a press conference in Chicago on Sunday that she was delaying paying the state’s legislators until there are sufficient funds available to cover the checks. She said that the practice of prioritizing those paychecks ahead of other agencies waiting for their money was over:

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ObamaCare is Failing, Just as It was Designed to Do

This article was published by The McAlvany Intelligence Advisor on Friday, February 12, 2016: 

Barack Obama signing the Patient Protection an...

Barack Obama signing ObamaCare into law.

Former Senate Majority Leader Harry Reid must be proud. The health insurers behind ObamaCare are losing money and some are considering leaving the monstrosity altogether. Many of the co-ops that sprang up during the rollout have closed their doors, despite receiving millions in government aid.

Harry knew exactly what he was going when he built it. In an interview at “Nevada Week in Review” in 2013, before the rollout, Reid said:

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Health Insurers Going Broke, Thanks to ObamaCare

This article appeared online at TheNewAmerican.com on Thursday, February 10, 2016:  

English: President Barack Obama's signature on...

Obama’s signature on ObamaCare bill.

The results for 2015 are in. The losses health insurers experienced following the rollout of the so-called Patient Protection and Affordable Care Act (ACA, otherwise known as ObamaCare) in 2014 got even worse. Seventy percent of insurers lost money on individual health plans, according to McKinsey and Company, the global management consulting firm. And it isn’t likely to improve any in 2016.

On Wednesday Humana Inc. reported that

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U.S. Attorney for New York is Swimming in a Sea of Opportunity

This article was published by The McAlvany Intelligence Advisor on Wednesday, December 2, 2015:  

English: New York State Assembly Speaker Sheld...

English: New York State Assembly Speaker Sheldon Silver holding a press conference (Photo credit: Wikipedia)

Preet Bharara’s resume is impressive. Born in India and raised in Eatontown, New Jersey, he graduated from Ranney School, an independent, highly-regarded college preparatory school, in 1986 as valedictorian of his class. From there he went to Harvard College, graduating magna com laude (with great honor) four years later. He received his J.D. (juris doctor) in 1993 from Columbia Law School where he served on the Columbia Law Review.

After a stint as Sen. Chuck Schumer’s chief counsel, he served as an assistant U.S. Attorney in Manhattan for five years, successfully prosecuting bosses of the Gambino and Columbo crime families.

When he was nominated for U.S. Attorney for the Southern District of New York by President Obama in 2009, he breezed through Senate confirmation with no dissents.

Since that time he has scored impressive victories, prosecuting successfully more than

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Albany Assembly Speaker’s Prosecution Is Just Beginning

This article appeared online at TheNewAmerican.com on Tuesday, December 1, 2015:  

Preet Bharara

Preet Bharara (Photo credit: Wikipedia)

The prosecution of Democrat politician and former Speaker of the New York State Assembly Sheldon Silver is just beginning. His ties to other Albany insiders reach all the way to the top. In other words, U.S. Attorney for the Southern District of New York Preet Bharara, the chief prosecutor in the case, is just getting warmed up.

Since 2000 more than 30 New York lawmakers have left office facing criminal charges or allegations of ethical misconduct, but Silver is, up until now, the biggest catch in Bharara’s net. He was charged with

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Brazilian Pols “Saw Their Opportunity and Took It”

This article was published by The McAlvany Intelligence Advisor on Friday, November 27, 2015: 

Dilma Rousseff, minister chief of staff of the...

Dilma Rousseff

George Washington Plunkitt was a Tammany Hall politician of the first order, serving himself from January 1, 1899 to December 31, 1904 while allegedly serving his constituents in New York’s 17th district. After he left pubic office, journalist William Riordan published Plunkitt’s comments on his years as a politician, Plunkitt of Tammany Hall: A Series of Very Plain Talks on Very Practical Politics. In one of the richer and more memorable entries, Plunkitt tried to discern the difference, as he saw it, between “honest” graft and just plain old thievery, or “dishonest” graft:

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Social Security’s Chief Actuary Meets Charles Ponzi

This article was published by the McAlvany Intelligence Advisor on Monday, October 19, 2015:  

English: Mug shot of Charles Ponzi (March 3, 1...

Mug shot of Charles Ponzi

In its apologetic over Social Security, the New York Times saw the most significant problem facing the scheme, according to the program’s chief actuary, Stephen Goss, is “that fewer workers are paying taxes into the program … while more retirees are collecting their checks.”

And thus it has always been: every Ponzi scheme fails when “new” investors cannot be recruited into it in sufficient numbers to pay off the “older” ones. The only reason Social Security has survived for so long – it just turned 80 this year – is because of guns and badges and threats.

Charles Ponzi had no such power. He had to rely on ignorance and greed. His scheme ran for more than a year before the fraud was discovered and he was jailed. His shtick?

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Social Security Defaults Again on Its Promises: No COLA for 2016

This article appeared online at TheNewAmerican.com on Monday, October 19, 2015:  

Social Security Poster: old man

On Thursday the Social Security Administration announced that for the third time in six years there will be no COLA (Cost Of Living Adjustment) to beneficiaries’ checks next year. There was no COLA in 2010 or 2011, thanks to the government index used to determine whether an “adjustment” (increase) was justified, to offset inflation. This year’s culprit was the price of gasoline, which fell 23 percent, wiping out any chance for an increase in the checks going to more than 60 million recipients.

Heroic and often invisible measures have been undertaken in recent years to cover up the program’s insolvency:

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Putting the Shuck on the Rubes: Today’s Letter from John Boehner

This article was published by The McAlvany Intelligence Advisor on Friday, September 25, 2015:  

English: U.S. President Barack Obama meets wit...

U.S. President Barack Obama meets with Speaker of the House John Boehner

The very day that John Boehner announced his resignation as Speaker of the House and his intention to vacate his seat, his fund-raising letter arrived in the mail. It positively dripped with sincerity:

This past January I was sworn in as Speaker of the U.S. House of Representatives, and I reaffirmed my promise to continue leading our Republican House Majority in listening to you and following your will.

Whatever problems there might be in Washington, they’re all the Democrats’ fault:

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Push to Restart Ex-Im Bank Begins

This article appeared online at TheNewAmerican.com on Tuesday, September 8, 2015:  

Seal of the Export-Import Bank of the United S...

With the reconvening of Congress this week, pressure on politicians to restart the Export-Import Bank is predictably coming from the usual suspects: large corporations who have enjoyed the U.S. taxpayer guarantees that have reduced their own costs and risks of doing business overseas. Without those taxpayer subsidies, they’ve been forced to adjust to the realities of the marketplace, and they don’t like it.

Boeing officials are lamenting that the Ex-Im Bank is no longer insuring loans to its customers who can’t find regular financing on their own:

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More Proof the Media Cannot be Trusted

This article was published by The McAlvany Intelligence Advisor on Monday, August 24, 2015:  

English: Photo of Harvard University professor...

David Hemenway, PhD

When NBC News learned that two anti-gun authors had created another “study” that proved (this time) that private gun ownership resulted in more police officers being murdered, they were only too happy to ignore the study and its flaws and instead give one of its authors plenty of ink. Wrote Maggie Fox, “The report is sure to be controversial but it adds a new dimension to a conversation that’s been recently focused more on police shootings of unarmed Americans.” The study, “Firearm Prevalence and Homicides of Law Enforcement Officials in the United States,” authored by a couple of PhDs, David Swedler and David Hemenway, and published on August 14 in the American Journal of Public Health, blames the prevalence of police murders on guns in private hands without saying that those hands belong to criminals and not innocent private citizens.

Fox quoted Swedler:

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Hillary’s Muslim Advisor Being Investigated for Fraud and Theft

This article was published at The McAlvany Intelligence Advisor on Friday, August 7, 2015:  

Poor old Hillary Clinton, she just can’t catch a break. If it’s not emails, it’s contributions from foreigners seeking influence. If it’s not Benghazi, it’s her affected southern accent.

It’s called, officially, “political corruption” which is defined as “the use of powers of government for illegitimate private gain, which may include bribery, extortion, selling of favors, patronage, graft, and embezzlement.”

But at least she’s not guilty of treason, at least not yet. But her favored personal advisor – her “woman Friday” or “body woman” as some call her – Huma Abedin, isn’t so lucky.

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More Baggage for Hillary: Her Advisor Ordered to Reveal E-mails

This article appeared online at TheNewAmerican.com on Thursday, August 6, 2015:  

Last week a federal judge ordered Hillary Clinton’s long-time friend and closest associate, Huma Abedin, to attest, under penalty of perjury, that she has turned over all of her e-mails to the Justice Department. The order also applied to another Clinton aide, Cheryl Mills, who also was using a private e-mail account to do State Department business, just like her boss. But the focus is on Abedin, who has caught flak from many quarters over the years for her and her family’s close ties to the Muslim Brotherhood, a Muslim revolutionary organization.

In addition to the judge’s order, Senator Chuck Grassley, (R-Iowa), chairman of the Senate Judiciary Committee, has been investigating Abedin’s employment “arrangement” at the State Department, whereby Abedin also

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Social Security Disability Trust Fund Could Be Depleted by Late 2016

This article appeared online at TheNewAmerican.com on Thursday, July 23, 2015:  

Every year the language of the trustees of the Social Security system becomes more strident, and every year the managers of the program kick the can further down the road. In its report issued on Wednesday, the Social Security and Medicare Board of Trustees stated that “Social Security’s Disability Insurance (DI) Trust Fund now faces an urgent threat of reserve depletion, requiring prompt corrective action by lawmakers if sudden reductions or interruptions in benefit payments are to be avoided.” The report noted:

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Pressure Increasing to Reopen Export-Import Bank

This article appeared online at TheNewAmerican.com on Wednesday, July 15, 2015:

It’s been just two weeks since the Export-Import Bank’s charter lapsed — that “fund of corporate welfare” as criticized by presidential candidate Barack Obama in 2008 before reality set in — and two predictable things have occurred: The world continues to turn without it, and K-Street lobbyists are busy trying to resurrect it.

With massive radio advertising and extensive help from the media publishing op-eds in its favor, the chances are increasing that the zombie will come back to life.

The deceased bank, touted as offering loan guarantees to small businesses wanting to do business overseas but unable to obtain financing in the regular way, was turned into a slush fund of free money to the country’s largest corporations:

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Passage of the Freedom Act Assures Continuation of the Surveillance State

This article first appeared at The McAlvany Intelligence Advisor on Friday, May 15, 2015: 

Passage of The Freedom Act in the House on Wednesday, May 13, 338-88, was for show only. The bill with real teeth that would have done something substantial about rolling back the surveillance state is collecting dust in Speaker John Boehner’s inbox.

Freedom Act 2.0 is even weaker than the one the House passed last year, which the Senate essentially ignored until it was too close to the midterms for it to vote on. It does not, as sponsor Rep. James Sensenbrenner hoped it would, end the surveillance state, nor even slow it down. It merely shifts the collection center from Utah to the phone companies. Under the bill,

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.