Caught On Tape (Again): Baltimore Cops Keep Accidentally Recording Themselves Planting Drugs On People

Officers planting evidence appear to be growing a tree of corruption at the Baltimore Police Department, as the second release of suspicious body camera footage in two weeks has led to more dropped drug charges.
On Tuesday evening, Baltimore defense attorney Josh Insley released BPD body camera footage showing officers apparently faking the recovery of drugs from a woman’s vehicle. The three videos led the Baltimore state attorney’s office to drop charges against Insley’s client, Shamere Collins, on Monday, the Baltimore Sun reported.


This post was published at Zero Hedge on Aug 3, 2017.

When Corruption Is The Norm…

This is what happens folks.
It’s why I keep telling people who think they’re going to “flee” America for some land of milk and honey to stay away from the mess here that they’re just jumping from the frying pan into the fire — and while the protections here are few, there they don’t exist at all.
The scene at the swim-up bar at the Mexican resort where Abbey Conner was pulled listless from the pool in January was full of young tourists last month when an attorney hired by Conner’s family showed up.
It wasn’t surprising. It was a typical scene at an all-inclusive five-star resort where foreigners from both sides of the equator flock to escape their cold winters.
But as he watched, the attorney noticed something disturbing.
‘They serve alcoholic drinks with alcohol of bad quality and in great amounts, mixing different types of drinks,’ he wrote in his native Spanish.

This post was published at Market-Ticker on 2017-07-23.

N.Korea Issues Standing Order To Execute Former S.Korea President

Two days ago, Japan’s Asahi Shimbun newspaper reported that former South Korean President Park Geun-hye had made plans to assassinate North Korean leader Kim Jong-un, adding that Ex-president Park, who was impeached in a corruption scandal earlier this year, signed a document approving a ‘leadership change’ in North Korea back in 2015. According to the Japanese outlet, South Korea’s intelligence agencies were to prepare operations to carry out the plan.
The report noted that the plotters considered arranging accidents, with a car accident or the derailment of a train carrying Kim Jong-un on the table. Park’s administration also reportedly considered staging a coup in North Korea.
The military activities of South Korea’s communist neighbor, including its nuclear arms development programs, apparently motivated the alleged plot, Asahi Shimbun notes. Tension between Seoul and Pyongyang spiked in August of 2015 as the countries exchanged fire after the North fired a projectile at the border city of Yeoncheon. However, the plans to assassinate the North Korean leader were not picked up by President Moon Jae-in’s administration after Park’s impeachment, the daily reports.

This post was published at Zero Hedge on Jun 28, 2017.

A Young Adult Who Gets It

I have long said mobility is an asset.
Well, no, I didn’t write any of this and didn’t know it was up until this morning when I saw it. But you really ought to read it, especially if you’re a young adult.
It’s not just about a feeling. It’s about opportunity.
There is quite a bit of data that says our mobility as a nation has decreased markedly over the last few decades. That’s a huge mistake and is a big part, in my opinion, of why we have the economic malaise that we do.
Our nation was designed for personal mobility by the Founders. They designed a system of multiple political laboratories. They are called States and yet we have done much violence to the premise of those laboratories by trying to make them as “same” as we can.
This is a grave error folks. You can’t peacefully change a political environment all of the time. Oh sure, it’s nice to believe you can, but the fact of the matter is that sometimes you can’t, whether due to corruption or simply stupidity of the people who live there.

This post was published at Market-Ticker on 2017-06-15.

CORRUPTION RAMPANT IN ‘EVERY PRISON’ IN NORTH CAROLINA, REPORT SAYS

Nearly 500 North Carolina prison employees have been either fired for misconduct or charged with criminal offenses like smuggling drugs, weapons, and cellphones inside prisons since 2012, the Charlotte Observer reported Wednesday.
The Observer’s research is extensive and damning, covering everything from the state’s hiring of corrections officers with violent criminal histories to counselors and officers carrying on long-term sexual affairs with inmates. Former prison officers and inmates say the prevalence of corruption is largely due to the state under vetting and underpaying employees.
The state’s new prison leaders vow to change those problems. George Solomon, the state’s recently retired director of prisons, is under no illusions about the grim situation he has left for his successor, Kenneth Lassiter.
‘Do I think I have corrupt staff in every prison, in every (maximum-security) prison?’ Solomon told the Observer. ‘I would be naive to say I didn’t.’

This post was published at The Daily Sheeple on JUNE 2, 2017.

Missing Chinese Billionaire Agreed to Be Taken Away, Source Says

Xiao Jianhua, the Chinese billionaire whose abrupt disappearance from Hong Kong in January made waves internationally, had engaged in a week-and-half long negotiation with Chinese anti-corruption agents before he agreed to return to Beijing with them, according to a source with knowledge of the matter.
The source, who is close to high-level discussions in the Chinese leadership headquarters at Zhongnanhai, also told The Epoch Times that the anti-corruption team is still in Hong Kong investigating other corrupt Chinese businessmen and officials residing in the semiautonomous city.
Xiao, a 45-year-old China-born Canadian citizen, suddenly went missing from his serviced apartment in Hong Kong’s Four Seasons Hotel on Jan. 27. Accounts in Hong Kong and Western press suggested that Xiao, who controls the holding company Tomorrow Group, was effectively abducted by the Chinese authorities and spirited back to mainland China.
But Xiao had consented to be brought in by the authorities, according to the source in Zhongnanhai. The source said that Xiao and anti-corruption teams based in the Four Seasons discussed the conditions of the engagement for over a week before Xiao finally agreed to leave with them. While details of what transpired are scarce, it is likely that some level of coercion was involved, given mainland authorities presumably continue to enjoy leverage over Xiao, his wealth, and his family members.

This post was published at The Epoch Times

Och-Ziff Suffers Record Redemptions In First 4 Months Of 2017 As AUM Plunges

One year after Och-Ziff Capital settled a bribery case that led to jump in redemption requests and an exodus in high profile executives, on Tuesday the hedge fund reported that it suffered record net withdrawals in the first four months of the year, extending several straight quarters of outflows.
The firm reported net redemptions of $4.8 billion in the first quarter and an additional $2.1 billion from April 1 and May 1. At the same time, assets under management declined from $37.9 billion as of December 31, 2016 to $32 billion as of the beginning of May, a record $5.9 billion decline, and a 24% drop from a year earlier.
As discussed at the time, and as Bloomberg reminds this morning, the redemption wave started when the hedge fund settled a five-year bribery probe and saw founder Dan Och singled out by regulators for ignoring red flags and corruption risks. Och-Ziff agreed to pay more than $400 million in September to settle U. S. charges that it paid bribes to gain business in Africa. Its OZ Africa Management GP unit pleaded guilty to conspiring to bribe officials of the Democratic Republic of Congo.

This post was published at Zero Hedge on May 2, 2017.

22/4/17: Two Regimes of Whistle-Blower Protection

‘Corporate fraud is a major challenge in both developing and advanced economies, and employee whistle-blowers play an important role in uncovering it.’ A truism that is, despite being quite obvious, has been a subject of too little research to-date. One recent study by the Association of Certified Fraud Examiners (2014), found that the average loss to organisations experiencing fraud that occurs due to financial statement fraud, asset misappropriation, and corruption is estimated losses from impact of corporate fraud globally at around $3.7 trillion. Such estimates are, of course, only remotely accurate. The Global Fraud Report” (2016) showed that 75% of surveyed senior executives stated that their company was a fraud victim in the previous year and in 81% of those cases, at least one company insider was involved, with a large share of such perpetrators (36%) coming from the ranks of company senior or middle management.
Beyond aggregate losses, whistleblowers are significantly important to detection of fraud cases. A 2010 study showed that whistleblowers have been responsible for some 17 percent of fraud discoveries over the period of 1996-2004 for fraud occurrences amongst the large U. S. corporations. And, according to the Association of Certified Fraud Examiners (2014), ‘employees were the source in 49% of tips leading to the detection of fraud’.

This post was published at True Economics on Saturday, April 22, 2017.

Helicopters and Howling in Lake Atitlan

Reporting from Lake Atitlan, Guatemala…
Interpol helicopters swam through the darkness outside my room. Scattered booms of M-80s cracked and whipped the rushing winds in celebration of Semana Santa. Dogs roared. Other strange animals, of which your editor is not yet accustomed to, howled, hooted and growled in vain efforts, it seemed, to beat back the chaos.
Saturday evening, as my driver, Ricardo, pulled into Panajachel (the ‘New York’ of Lake Atitlan), so did a swarm of Interpol officers. They came to capture the fugitive ex-governor of Veracruz, Javier Duarte de Ochoa.
Coincidentally, those who conspired to help Duarte make his way to Lake Atitlan, according to authorities, did so from Mexico City… from where I just flew in. (For the record, I’ve never seen that man before in my life!)
Six months ago, Duarte resigned from his position as governor of Veracruz to, according to him, ‘fight the corruption charges’ made against him. (Racketeering, theft, money laundering, bribery… you know, the usual)
A few days later, he vanished without a trace.

This post was published at Laissez Faire on Apr 17, 2017.

Prognostication: Here It Comes

I claim no special power here, nor any inside information. This is simply arithmetic coupled with logic. I’ll give you a “decision tree” sort of format with the critical points outlined.
Note that if you’re going to mitigate any of what I see coming around the bend you need to do it right damn now, not wait. By the time you get to those critical points it’s too late. For many people it’s already too late, but if you’re not in that batch then you need to make your lifestyle changes today.
I am operating on the premise that the rank corruption that I outlined in the Ticker here will not be addressed. It will not be addressed for the same reason the 17th Amendment will be cited as the reason the American political experiment failed when the book on America is finally closed, as that Amendment permanently removed the ability of the States to call a hard-stop on any expansion of Federal Power they did not consent to. That was designed in to our government by the founders and it was removed intentionally by the 17th Amendment. That balance of power can never be restored absent a Revolution because to do so The Senate would have to literally vote themselves out of a job at a supermajority level which they will never do and there is no means to compel them to do so.
For the same reason the 30-year trend in Medicare and Medicaid spending will not be stopped. It may be tinkered with around the edges but it won’t be stopped because to stop it without literally throwing people into the street and letting them die you have to break the medical monopolies and in doing so you will inevitably (1) destroy the graft machine that drives a huge part of DC and at least half of the jobs inside the Beltway, along with the asset values they support, (2) create an immediate and deep (15% of GDP, but temporary) recession on purpose which neither Congress or Trump will ever voluntarily initiate as it would cause a guaranteed 70% stock market crash along with the immediate detonation of about 1/3rd of all in-debt corporations in the United States and (3) expose the outrageous theft of trillions of dollars from taxpayers over the last several decades to fund the medical scam machine at all levels.

This post was published at Market-Ticker on 2017-04-17.

$43 Million In Cash Found In Empty Nigerian Apartment

It appears that at least one “Nigerian prince” had the cash to back his claims.
Nigeria’s anti-corruption unit discovered more than $43 million in US dollars at an upscale apartment in Lagos, after receiving an anonymous tip. As CTV News reports, the Economic and Financial Crimes Commission received a tip from a whistleblower who reported suspicious activity when they noticed someone moving bags in and out of the apartment, according to a Facebook post.

This post was published at Zero Hedge on Apr 16, 2017.

Germany Building Free Housing for Refugees worth 3 million

In Germany, Martin Schultz wants to give refugees the right to vote. So if he cannot win with Germans, he wants to give the right to vote to refugees to win by bribing them. The German politicians are now giving them apartments they are constructing that cost about 3 million each. The construction costs actually come out to about 1600 per square meter and since each apartment is about 470 square meters, the cost to build one apartment is more than 3 million. It is stunning that Merkel was so fearful of inflation that she would not yield to Greece and saw fit to impoverish the people to pay for the political corruption of their politicians. Yet building dwellings for refugees without language and job skills that cost 3 million each is some how not inflationary.

This post was published at Armstrong Economics on Apr 15, 2017.

This Is What Has Kept More Tomahawks From Falling On Syria: ‘The Russians Appear to Be Using Leverage That May Damage The President’

One of the reasons that Syria is ‘on hold’ is that the Russians are now leveraging the President with the connections formed in his campaign prior to the election. Paul Manafort, onetime manager of President Trump’s campaign apparently has received payments from a pro-Russian political party in Ukraine. An article covering it entitled Manafort firm received Ukraine ledger payout by Jack Gillum, Chad Day, and Jeff Horwitz was released on Thursday by the Associated Press.
The bad news is that the ledger is substantiated by records booked by Manafort’s consulting firm in the U. S., already under a corruption investigation by the FBI with even more overlap. Apparently, the FBI and Congress are investigating Manafort’s activities with Russia and possible ties to Vladimir Putin regarding the President’s campaign. These activities which could have included payoffs allegedly occurred in 2016.
But a distinct pattern is observable here. Tillerson is still ‘on the attack,’ today demanding that Russia oust Syrian President Bashar al-Assad…and the President in the meantime has announced we wouldn’t be sending troops into Syria. Perhaps he is hesitant, as (if they have such evidence) Russia would certainly not shirk from releasing information that could be damaging to the President. At this stage, the threat of such a release appears to be keeping things in check: we haven’t launched another Tomahawk strike yet.

This post was published at shtfplan on April 14th, 2017.

Venezuela Is The Wild Card In The OPEC Deal Extension

News coming out of Venezuela over the past two years has reeked of corruption and failed political leadership: a long list of shortages, rampant poverty, incrimination of the opposition, and a recent move that puts the regime of Nicolas Maduro one step closer to a dictatorship. And these are only the developments that are recorded, with a recent LA Times Op-Ed suggesting that a Venezuelan homicide epidemic rages ‘unreported’ due to the country’s scrapping of crime statistics reporting over a decade ago.
Despite all of this, the Organization of Petroleum Exporting Countries (OPEC) expects Venezuela, endowed with the world’s largest oil reserves (depending on who you ask), to play a major role in the cartel’s plan to curb global supply. In OPEC’s November agreement, Venezuela accounted for almost 10 percent of the net supply cut from member nations (calculated as cuts minus allotted increases)

This post was published at Zero Hedge on Apr 11, 2017.

SEC Targets Seeking Alpha, Benzinga In Crack Down On “Fake News” Pump And Dumps

With the recent crackdown on political “fake news”, where a handful of media mega-corporations such as Facebook and Google have emerged as the ultimate arbiter of what is real or isn’t, in the process unleashing allegations of conflicts of interest, it was only a matter of time before the SEC got the hint and brought the hammer down. That time is now, because as Reuters reports, the SEC on Monday announced a crackdown against “pump and dump” stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites.
Some 27 individuals and entities, including a Hollywood actress (shown below), were charged with misleading investors into believing they were reading “independent, unbiased analyses” on websites such as Seeking Alpha, Benzinga and Wall Street Cheat Sheet.
The SEC said many writers used pseudonyms such as Equity Options Guru, The Swiss Trader, Trading Maven and Wonderful Wizard to hype stocks. It was not immediately clear if bearish “pseudonymous characters” were also responsible for talking down stocks.
While not as pervasive as alleged “fake news” in the political realm, the SEC said had it identified more than 450 problem articles, of which more than 250 falsely said the writers were not being paid.
Unlike traditional cases where the SEC alleges fraud, usually involving trading on inside information, in this case the crackdown is not against improper market information but misrepresentation of conflicts of interest and marketing.
“This is different from the fraud cases that you usually see us bring,” Stephanie Avakian, acting director of the SEC enforcement division, said on the conference call. “Here, we allege that the fraud was in presenting the analysis as impartial,” she said. “It was bought and paid for.”

This post was published at Zero Hedge on Apr 10, 2017.

Is The U.S. Forcing Egypt Toward A Russian Alliance?

Submitted by James Durso
‘The lion is back in his den!’
Hosni Mubarak, former President of Egypt, walked free last week after six years in detention on charges of murder and corruption. What does the U. S. have to show for it? Nothing.
In January 2011, Egyptian activists planned protests against corruption, lack of economic growth, and the heavy-handed police tactics of the recent years. The protests were scheduled for 25 January in Cairo and across Egypt. A broad swath of Egyptian activist groups participated, including the Islamists. The protests quickly escalated and became increasingly violent to the extent that the police were replaced by the military. At the end of two weeks, Mubarak had dissolved his government, appointed an interim leader, and announced he would not seek re-election in the September 2011 elections.
In early February 2011, on the same day that Vice President, and former intelligence chief, Omar Suleiman announced that Mubarak would resign as President, the Supreme Council of the Armed Forces suspended the constitution and dissolved both houses of Parliament for six months until elections could be held. In May 2011, Mubarak was charged with the murder of protesters and ordered to stand trial. The elections of June 2012 handed power to the only organized opposition group, the Muslim Brotherhood and its leader, Mohammed Morsi, who promptly tried to install an Islamist constitution and grant himself broader power than had Mubarak. The secular opposition was upset that the Islamist opposition they helped usher into power would be so… Islamist. More violent protests ensued. The whole sorry mess came to an end in July 2013, when the military seized power and Morsi’s hand-picked minister of defense, General Abdel Fattah El-Sisi, became Egypt’s leader and was elected President in May 2014 with a Chicago-like 93 percent of the vote.

This post was published at Zero Hedge on Apr 4, 2017.