Investment scams have become the most commonly reported and financially destructive form of online crime, accounting for $3.3 billion in reported losses in 2022, according to the FBI. Crypto schemes accounted for vast majority (75%) of losses https://t.co/bni4XBkLES
Finally, a clear explanation for what went down at FTX: "A silly-haired wizard sold magic beans. The villagers loved it! Until they stopped believing in magic and demanded their money back..." https://t.co/BzqAv4Pqfu @LaneBrown@NYMag
“A self-addressed envelope ... is always precisely where it belongs.” - Renata Adler, capturing the logic of non-responsive court clerks and records depts, everywhere
This video is narrated by Andy Puzder, the former CEO of a fast-food chain, who once said of robots: "They're always polite, they always upsell, they never take a vacation, they never show up late, there's never a slip-and-fall, or an age, sex, or race discrimination case.”
Remember the mortgage crisis that led to the Great Recession? Well, there's evidence it's happening again. This time, with commercial mortgages.
https://t.co/Avo2lEXcE4
"Like a crime, true innovation in art requires premeditation, means, motive, and opportunity."
- David Lehman on Frank O'Hara's "Why I Am Not a Painter"
Last year, I started going to DC eviction court and was shocked by how many tenants lost their cases simply because they didn't show up. I started trying to understand why, and the answer was much stranger & more disturbing than I imagined. https://t.co/FEtgwOpwwN
As more Ponzi schemes implode, banks will be sued for aiding and abetting. "For financial institutions, the question now is not if you will be sued in connection with a Ponzi scheme; the question is when you will be sued and how often." Jonathan Claydon @GT_Law via @natlawreview
"Ya put the razor in cold water, not hot. Because metal does what in cold?"
"I dunno, Johnny."
"At's what I'm tellin' ya. It contracts. That way you get a first class shave. Every time."
https://t.co/zULd8jNZPT @Salon
A sophisticated fraud network targeting Washington State’s unemployment system claimed hundreds of millions of dollars before officials were able to identify and crack down on the coordinated attack. https://t.co/GfDlKjGo6N