What is fraud?A false representation of a matter of fact—whether by words or by conduct, by false or misleading allegations, or by concealment of what should have been disclosed—that deceives and is intended to deceive another so that the individual will act upon it to her or his legal injury.
Today Patrick Frey at Patterico’s Pontifications illustrates (once again) how dangerous Brett Kimberlin is. On July 1, 2011, Frey was “SWATted,” a terroristic technique in which someone calls the police pretending to be Frey and telling police he just murdered his wife. A SWAT team descended on Frey’s home almost immediately, removing him and his (very much alive) wife at gunpoint and ensuring that the children were still alive as well.Continue reading
Elections get nasty. Mudslinging is the norm. But Tom Barrett, candidate for governor in the recall election has taken it much too far. He is blatantly lying about Scott Walker in an attempt to win votes, and it is not okay.
There are two major lies that the Tom Barrett campaign is promoting:
1. Scott Walker Opposes Equal Pay For Women
Tom Barrett’s ads say that Scott Walker is opposed to equal pay for equal work, specifically as it relates to women. That is simply not true, but it is a sensational headline that is bound to stick with some women voters who don’t know the truth. Continue reading
Once upon a time, there was a popular mommy blogger named Jennifer McKinney. She called herself MckMama, and had a blog called My Charming Kids. She was not noteworthy in any way – – until her fourth pregnancy took a turn for the worse. Her unborn son Stellan was determined to have a heart condition, and with pleas for prayer, Jennifer’s popularity skyrocketed.
The My Charming Kids blog (with McKinney’s “MSC” or “Many Small Children” as the focus) became so popular that at its height, Jennifer was grossing at least $150,000 to $175,000 per year from advertising and money-making gimmicks.
Not content to post pictures of her kids and stories about everyday life, Jennifer McKinney was determined to live the high life, and pimp out herself, her family, and her blog to maximize her earnings. She appeared to have it all: great kids, a happy marriage, a beautiful house, a luxury vehicle, media opportunities, trips, and much more.Continue reading
CFC was formed in 1969 to help rural electricity cooperatives get access to private funding. In 1987, the Rural Telephone Finance Cooperative (RTFC) was created as an affiliate of CFC to help rural communities finance their telephone infrastructure. Much of the money loaned out comes from the federal government, with a reported $5.1 billion coming from the U.S. Department of Agriculture and the Federal Agricultural Mortgage Corporation between July 2005 and February 2010.
Allegations of Financial Improprieties
It is alleged that between 2000 and 2005, CFC
“…inflated its own balance sheet with millions of dollars in nonexistent operating income. At the same time, it deflated RTFC’s worth, essentially siphoning money away from a member co-op that it created.” Continue reading
I have long believed that the nonsense the Transportation Security Administration (TSA) makes us go through at the airport does not actually makes us safer. It makes people feel safer, but it doesn’t actually make us safer.
And here is the proof. The stupid full body scanners that let TSA agents see us nude are easy to get past with all sorts of metal. One simple experiment shows how any properly motivated idiot can take all sorts of metal objects (weapons!) through airports and onto planes.Continue reading
When a former Milwaukee Area Technical College employee used her MATC credit card to pay for a car, a wedding trip, computers, home furnishings and other personal items totaling $259,000, the purchases went undetected until the college’s first internal audit in a decade.
The audit was requested by James Williams, vice president of finance, who was surprised when he arrived at MATC in July 2010 to find the college had not had an internal audit since 2001. He quickly sought a routine audit because a college with a $260 million budget should have one, Williams told the Journal Sentinel on Tuesday.Continue reading
The current #Occupier of the White House loves to tell us about the “failed policies of the past…” But let’s have a look at what the real failed policies of the past are:
The War on Poverty. According to the Census Bureau, in 1966 the poverty rate was 11.8%. It has remained in a range between 8.7% and 12.3% for the last 46 years. Fail. Giving money to people with no strings attached does not eliminate poverty. Helping those who cannot help themselves is a moral obligation, but the able-bodied need to work and pay their bills and taxes like the rest of us. Continue reading
The Federal Reserve owns $849 billion in mortgage-backed securities. Total reserves are $2,872 billion, so mortgage-backed securities comprise 30% of reserves. (No wonder the dollar can’t bounce, even with Europe falling apart.)
To give a sense of the scale of this unprecedented investment in questionable private securities, currency in circulation is $1,052 billion so the Fed owns almost as many mortgage-backed securities as there are dollars in existence. Continue reading