The hottest Fraud Substack posts right now

And their main takeaways
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Fraud, Distortion, and Truth in Science

Sensible Medicine • 4540 implied HN points • 17 Jan 24
🔬 Science Fraud Truth
  1. Fraud in science is a serious problem, but the bigger issue is the lack of commitment to doing high-quality work.
  2. Many scientific conclusions lack truth and usefulness due to flawed methodologies and inadequate controls.
  3. The scientific field is filled with low credibility studies and a focus on personal gain rather than truth and welfare.

A Billion-Dollar Fraud In Plain Sight

Where's Your Ed At • 10237 implied HN points • 01 Nov 23
💰 Finance Cryptocurrency Investment Fraud Bankruptcy Regulation
  1. Gemini's
  2. Earn
  3. program misled customers into investing in risky lender Genesis Capital.
  4. The NY Attorney General filed a significant fraud suit against Gemini, Genesis, and Digital Currency Group for misleading customers and covering up losses.
  5. The Winklevoss twins actively deceived customers, putting billions of dollars into an unstable lender and reaping profits while customers faced losses.

Tucker and Ben Shapiro Pegged By Con Man Prostitute with Sham Story

Bulwark+ • 10141 implied HN points • 07 Sep 23
🇺🇸 U.S. Politics Scandal Media Conspiracy Legal Fraud
  1. A convicted fraudster made uncorroborated claims about Barack Obama involving crack and gay activities.
  2. The accuser's background includes a lengthy arrest record and a history of lying, casting doubt on the credibility of the claims.
  3. The claims lack corroborating evidence or witnesses, failing a lie detector test, making them flimsy and unreliable.

More Problems at B. Riley (RILY)

The Bear Cave • 653 implied HN points • 15 Feb 24
💰 Finance Investigation Stocks Auditing Fraud
  1. The Bear Cave has raised concerns about B. Riley's ties and financial exposure to an accused fraudster, Brian Kahn, as well as regulatory and disclosure issues at the company.
  2. Short seller Marc Cohodes referred to B. Riley as the "biggest pound-for-pound financial fraud" he has seen.
  3. New evidence presented by The Bear Cave includes a potential departure of B. Riley's audit engagement partner, contradicting statements about a loan to Brian Kahn, and engagement of outside counsel by B. Riley's auditor in response to concerns.

Fraud in Asia

Asian Century Stocks • 668 implied HN points • 24 Jan 24
💰 Finance Fraud Accounting Investments Financial Analysis
  1. Tan & Robinson's book on Asian financial statement analysis is a key resource for spotting fraud and misrepresentation in Asia.
  2. Watch out for companies with high margins, poor cash flows, fast-growing balance sheets, and complex corporate structures with frequent related party transactions.
  3. High-profile short-seller reports should be taken seriously when assessing potential fraud in companies.
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Lawfare or Rule of Law

David Friedman’s Substack • 179 implied HN points • 12 Mar 24
🇺🇸 U.S. Politics Law Elections Prosecution Fraud Defamation
  1. In our legal system, the idea of rule of law versus lawfare hinges on whether prosecution depends on the severity of crimes and quality of evidence or on personal agendas of law enforcers.
  2. Civil cases such as the one involving Trump being sued for inflated property values show how legal actions can have significant financial consequences, even without direct harm.
  3. Charges against Trump related to election interference bring up the debate of what actions should be considered criminal in the political realm and the potential threats to the democratic system.

We’re Not Curing Cancer Here, Guys

Common Sense with Bari Weiss • 204 implied HN points • 22 Feb 24
🏥 Health Politics Medical Research Fraud Data Transparency
  1. Transparency of raw data in medical research is crucial to uncovering fraud, as many papers only present summaries hiding potential malpractice.
  2. In medical research, the data presented in scientific papers is akin to a curated dating profile, showing only a portion of the actual work done.
  3. Calls for greater transparency, such as making all raw data available when publishing medical research, are crucial to combat fraud and encourage accountability in the field.

Crazy Science Idea: Tell People Something Is Possible When You Actually Have No Clue

Atlas of Wonders and Monsters • 593 implied HN points • 03 Aug 23
🔬 Science Research Innovation Fraud Discovery Progress
  1. Sometimes telling people something is possible, even if you're unsure, can lead to faster progress in finding solutions.
  2. Encouraging the pursuit of crazy ideas, even if they may not be true, can spark innovation and breakthroughs.
  3. Distorting facts slightly to make crazy ideas seem less crazy could potentially inspire more discovery and creativity.

Last Month’s $83.3 Million Civil Jury Verdict Against Donald Trump in Federal Court Raises Historically Serious National Security Concerns

Proof • 60 implied HN points • 02 Feb 24
🇺🇸 U.S. Politics Law Security Finance Fraud
  1. Donald Trump faces serious legal and financial challenges, including an $83.3 million civil jury verdict against him.
  2. There are doubts about Trump's claims of having $400 million in liquid assets to pay off judgments against him.
  3. The concern over Trump's financial situation and potential debt raises national security concerns.

BREAKING: HBS professor placed on "administrative leave" following bombshell investigation into fake data

Karlstack • 337 implied HN points • 17 Jun 23
📰 News Investigation Academic Fraud Publication
  1. HBS professor under investigation for fake data is placed on administrative leave and faces paper retractions
  2. Investigation team of academics uncovered evidence of fraud and requested retraction of papers
  3. Fraudulent papers are likely to be extensive, with at least four retractions and potential for more

THE LADY WITH HYPNOTIC EYES

Reflections on "Going Down Tobacco Road" and Investing • 334 implied HN points • 06 Jun 23
💾 History Scandal Crime Fraud
  1. Cassie Chadwick was a skilled con artist who defrauded people through various schemes and multiple identities.
  2. She managed to borrow large sums of money by claiming to be Andrew Carnegie's illegitimate daughter, forging promissory notes, and exploiting people's reluctance to question Carnegie.
  3. Her extravagant lifestyle and fraudulent activities eventually led to her downfall, imprisonment, and death at the age of 50.

What Fraudulent Vaccine Card Schemes Reveal About America.

Silent Lunch, The David Zweig Newsletter • 35 implied HN points • 22 Jan 24
🏥 Health Politics Vaccine Fraud Mandates Public Health Law enforcement
  1. Vaccine mandates during the pandemic were a departure from past policies, impacting civil liberties and public health.
  2. Media narratives linking anti-vax sentiment to right-wing ideologies were misleading, with cases revealing diverse political backgrounds of fraudsters.
  3. Enforcement resources on vaccine card fraud raise concerns about priorities over healthcare crimes of greater magnitude.

YPF: the laundromat of the century

BowTiedMara - Geoarbitrage & Mobility Assets • 157 implied HN points • 02 Jun 23
🌍 World Politics Corruption Energy Lawsuit Fraud
  1. YPF, the national oil company of Argentina, was involved in a massive financial fraud through expropriation and private dealings.
  2. A small group of politicians and businessmen profited billions from YPF without investing their own money.
  3. Despite clear irregularities and financial loopholes, those involved in the scandal are unlikely to face prosecution or jail time for receiving billions at the taxpayer's expense.

How SMS Fraud Works and How to Guard Against It

Mindful Musings • 206 HN points • 28 Feb 23
🕹 Technology Security Fraud Engineering Data Protection API
  1. Understanding how SMS fraud works involves premium phone numbers, gaming for profit, and exploiting vulnerabilities in services.
  2. Protecting against SMS fraud can involve measures like obfuscating endpoints, blocking sketchy IPs, and implementing rate-limiting on SMS sending.
  3. Twilio has the potential to offer SMS fraud protection using data on fraudulent numbers and carriers.

SBF is a fraud. But he was never the problem [Finance Fridays]

Technology Made Simple • 79 implied HN points • 24 Dec 22
💰 Finance Cryptocurrency Fraud Scams Social media Investing
  1. The Crypto Industry is plagued by frauds like SBF, but the root problem runs much deeper and extends beyond just cryptocurrencies.
  2. Mainstream media plays a significant role in perpetuating misinformation and misleading narratives, contributing to the success of individuals like SBF.
  3. To protect oneself from falling for scams, it's essential to critically evaluate products, look beyond social proof, and consider the utility and legitimacy of investment opportunities.

Illumina: Fraud by Omission

Nongaap Investing • 32 implied HN points • 18 May 23
💼 Business Fraud Insider trading Accounting Investments Legal issues
  1. Fraud by omission is a significant concern in the case of Illumina insiders and their financial windfall on Grail.
  2. By omitting material facts, Illumina insiders potentially misled investors and reaped undisclosed financial windfalls.
  3. The use of cost method accounting instead of equity method accounting may be seen as a form of fraud by omission, allowing for undisclosed financial benefits.

It Was All a Lie!

Anxiety Addiction & Ascension • 39 implied HN points • 17 Oct 22
📰 News Vaccine Fraud
  1. Pfizer admitted to never testing if their vaccine prevented transmission of the virus, undermining the foundation of lockdowns and mandates put in place.
  2. The narrative pushed by pharmaceutical companies and governments about vaccines preventing transmission was a lie, causing far-reaching consequences like economic damage and societal division.
  3. There is a call for spreading awareness about the truth, holding accountable those responsible for the deceit, and uniting against the injustice inflicted by the manipulation of information.

Unity Bank Fraud: An Unfolding Story Of Nigerian Corporate Malfeasance

westafricaweekly • 3 implied HN points • 02 Dec 23
💼 Business Fraud Banking Regulation Corporate Governance Financial system
  1. The former chairman of Unity Bank in Nigeria orchestrated a massive financial scandal involving billions of naira in non-performing loans and a dubious loan portfolio sale.
  2. The scandal involved regulatory malpractice, compliance fraud, and the misuse of bank funds by insiders, leading to severe financial harm to the bank and potential systemic risks.
  3. Despite clear regulatory violations, the bank's management, auditors, and regulators failed to take appropriate action, highlighting a need for thorough investigations and accountability measures.

Lawyers, Coins and Money

Malt Liquidity • 5 implied HN points • 12 Oct 23
💰 Finance Cryptocurrency Trading Legal Court Proceedings Fraud
  1. During the trial of Sam Bankman-Fried and Alameda Research, evidence pointed towards potential fraud and mismanagement of funds, shifting the focus from trading competence to potential fraudulent activities.
  2. The testimony of key witnesses, Gary Wang and Caroline Ellison, revealed damning details about the misuse of customer funds, false financial statements, and manipulation within the organization.
  3. The trial shed light on the complex dynamics involving a hypercompetent coder, a junior trader, and a manipulative leader, emphasizing the need for accountability and transparency in the financial sector.

How common is scientific fraud?

More is Different • 4 implied HN points • 05 Aug 23
🔬 Science Fraud Data
  1. Scientific fraud is more common than many realize, with notable cases surfacing across various fields.
  2. Fraud in research can range from fabricating data to using improper methods, and can have serious consequences for science and public health.
  3. Studies show that rates of fraud vary between fields, with a significant portion of researchers admitting to engaging in questionable research practices.

Alert: Central Bank of Nigeria Circular TED/FEM/PUB/FPC/01/004

RegAlert • 0 implied HN points • 14 Dec 22
💰 Finance Regulatory Banking Fraud Compliance
  1. Central Bank of Nigeria warns against illegal activities by Money Transfer Operators (MTOs) in Nigeria, emphasizing the need to make payments in US Dollars as per regulations.
  2. Banks found supporting unlicensed MTOs in terminating payments in Naira instead of US Dollars will face sanctions, as per the circular TED/FEM/PUB/FPC/01/004.
  3. Reminder for banks and MTOs to pay out diaspora remittance proceeds only in US Dollars and follow the guidelines for International Money Transfer Operations.

Warning: Michael Elkouby is a Fraud

startupdreams • 0 implied HN points • 11 Mar 24
💼 Business Fraud Legal action
  1. The author shares a personal experience about Michael Elkouby being a fraud, mentioning how he failed to repay a loan despite promises and agreements.
  2. Michael Elkouby's repayment promises kept getting delayed, causing the author to consider legal action to recover the loan.
  3. The author advises caution in dealing with Michael Elkouby and encourages reaching out for more information or reference checks to avoid falling victim to potential fraud.