60.4 F
Chicago
Saturday, October 3, 2026
Home Blog Page 2303

Chinese Spy Case Sheds Light On State-Level Security Woes, Intelligence Experts Warn

0
Chinese Spy Case Sheds Light On State-Level Security Woes, Intelligence Experts Warn

Authored by Lily Zhou and Frank Fang via The Epoch Times (emphasis ours),

The arrest of New York Gov. Kathy Hochul’s former aide Linda Sun this week has shown the vulnerability of state governments in navigating Chinese interference attempts while Beijing is actively targeting them, top intelligence experts say.

Linda Sun (R), a former aide to New York Gov. Kathy Hochul, and her husband, Chris Hu, exits the federal court in Brooklyn, New York City on Sept. 3, 2024. Huang Xiaotang/The Epoch Times

Sun worked at the New York State (NYS) government for more than ten years during Gov. Andrew Cuomo and Hochul’s tenures, including as Hochul’s deputy chief of staff. She was arrested and charged on Sept. 3 with violating and conspiring to violate the Foreign Agents Registration Act, visa fraud, alien smuggling, and money laundering conspiracy. Her husband Chris Hu was also arrested and charged with separate offenses.

Sun, a naturalized U.S. citizen who immigrated from China when she was five, was accused of doing the bidding of four Chinese Consulate officials and two Chinese Communist Party (CCP) agents—including blocking communications between the NYS government and representatives of Taiwan, screening the governors’ messages to keep out references of Taiwan’s official name and human rights atrocities against the Uyghur people, smuggling a Chinese consulate official into a private NYS government conference call, and providing unauthorized invitation letters for Chinese provincial delegates to fraudulently obtain U.S. visas—for monetary and other benefits worth millions of dollars, mostly via her husband’s business.

The couple has pleaded not guilty to the charges, and Sun’s defense lawyer Jarrod Schaeffer said his client was “understandably upset that these charges have been brought.”

Nonetheless, the case has exposed a glaring security problem, according to two intelligence experts who both held a number of senior national security roles in government.

State governments have been “rather naive” about foreign agents, says Dennis Wilder, senior fellow at Georgetown University’s U.S.-China Dialogue on Global Issues.

“The difficulty with state-level security is this: They don’t have the ability to vet in the kind of detailed way that the U.S. national government does. They don’t have those kinds of resources. They don’t have people to do that kind of in-depth research, and frankly, at the state level, they don’t think necessarily that somebody is going to try to plant an agent within their government,” Wilder said, adding that the emerging cases are making state governments more attentive and more likely to seek assistance from the FBI and others.

Nicholas Eftimiades, senior fellow at the Atlantic Council, also said he believes Sun’s case is “really important” because of this reason, and he called for a “whole-of-nation approach” in responding to the CCP’s activities rather than relying on the embattled FBI.

According to Eftimiades, the vetting of local officials could be as little as a one-off check of a person’s arrest record, while those who have a security clearance in the federal government get vetted every few years.

“In the meantime, your finances are monitored, your social media is monitored, if you get arrested in the country anywhere, that’s flagged. … There’s nothing equivalent at the state or city levels, and they vary so much,” he said.

Speaking to NTD, an affiliate of The Epoch Times, at the 2024 RJC Annual Leadership Summit, Rep. Mike Lawler (R-N.Y.), said the idea that Sun was allegedly “blocking Taiwanese officials from meeting with government officials in New York is outrageous. Taiwan is our eighth largest trade partner in the world, and we have a large Taiwanese community in New York.”

Following Sun’s arrest, Hochul criticized Beijing during a press conference on Wednesday, saying the regime’s behavior is “not acceptable.”

“I also requested the State Department to take appropriate action in response to the dangerous and outrageous actions taken by the People’s Republic of China,” Hochul said.

The governor’s office previously said Sun was fired in March 2023 and reported to law enforcement after evidence of misconduct was discovered.

CCP Targeting States

Commenting on Sun’s prosecution on Thursday on X, former Secretary of State Mike Pompeo said he had “warned all governors years ago,” adding, “The CCP is inside the gates.”

In his 2020 speech at the National Governors Association meeting in Washington, Pompeo asked governors not to “lose sight of the competition from China” and warned them about Chinese influence on U.S. campuses and from sister-city programs.

Eftimiades also noted that the CCP has been consciously targeting state governments amid increased tension with Washington.

“As of 2019, China has put an emphasis on covertly influencing people at the state level and at local levels,” Eftimiades said, referring to a Chinese report published that year that ranked U.S. governors by their friendliness to Beijing.

The report, a cooperation between a Chinese think tank and the state-affiliated Tsinghua University, categorized U.S. governors as “friendly,” “ambiguous,” or “hardline,” after analyzing their work history, public statements, and trade activities with China.

In a separate paper published by the Chinese Academy of Social Sciences in the same year, the authors also recommended targeting governors.

“The China General Chamber of Commerce—USA has extended multiple invitations to members of Congress, including those who hold a tough stance toward China, to visit China,” the paper reads.

“The visiting of China by Governors, particularly conservative Governors, can often lead to breakthroughs in trade between China and the United States,” it added.

“So China has recognized that the federal government has become a lot more aware of the CCP’s activities, and the Congress in particular, has hardened its response to China,” Eftimiades said.

He pointed to Chinese initiatives such as sister-sister programs, saying the CCP has been trying to carry out its influence operations “covertly and openly” in the United States.

In July, the sixth U.S.-China Sister Cities Summit was held in Tacoma, Washington. During the event, Xie Feng, China’s ambassador to the United States, delivered a speech calling on the expansion of sister-city relationships on top of the existing 286 pairs of sister relationships at different levels.

Sen. Chris Murphy (D-Conn.) said in 2020 after introducing bipartisan legislation to bolster subnational diplomacy to counter China that Beijing is fostering its “own subnational diplomacy through opaquely funded cultural exchange programs, coordinating outreach to U.S. mayors, governors and state legislatures.”

Indiana enacted a ban on sister-city agreements with foreign adversaries in March. In response to the new state measure, Rep. Jim Banks (R-Ind.) issued a statement applauding state lawmakers for focusing on “ridding [Chinese] Communist Party influence” in the Hoosiers State.

Tip of the Iceberg

Since Sun’s prosecution, Sen. Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee, said it’s “no secret” that the Chinese regime “works to infiltrate U.S. society at state & local levels,” in an X post, while a post by the House Committee on Oversight and Accountability said Sun’s case is ”unlikely to be an isolated incident.”

Asked how many Chinese agents may be active in the United States, scholar Wilder noted there’s a difference between a classic spy and an agent of influence, which Sun was accused of being, although an agent’s role may change.

“There are a lot of agents of influence around and we don’t know who they are, but this is definitely not the only case in the United States,” Wilder said. “I think now that this case has come to light, we’re going to see more of them because state governments are now more aware. But it could be the tip of the iceberg.”

A big part of the CCP’s overseas influence operations is carried out by its “united front” network, a complex network of agencies and organizations that are coordinated by a party agency called the United Front Work Department (UFWD).

In November last year, the House Select Committee on the Chinese Communist Party released a memo on China’s united front work, saying that its network aims to “influence universities, think tanks, civic groups, other prominent individuals and institutions, and public opinion broadly.”

Citing a Newsweek investigation in 2020 that found 600 United Front organizations in the United States, Eftimiades said that if each of the organizations had recruited several people, the CCP could have “at least 20,000 to 30,000 actively working—knowingly or not—on behalf of China.”

As for classic spies, Wilder pointed to the size of China’s top intelligence agency, the Ministry of State Security (MSS), which has an estimated 100,000 employees, around five times the size of the CIA.

He also noted that the MSS is “a dispersed organization.”

“They’re at provincial levels. The Shanghai Bureau of the MSS, for example, is responsible for the United States,” he said adding that different MSS branches have “varying degrees of sophistication.”

In recent weeks, the Department of Justice has announced charges against two Chinese Americans for allegedly acting as spies for the MSS. The duo, Wang Shujun and Tang Yuanjun, are both naturalized U.S. citizens.

Masquerading as pro-democracy activists, Wang and Tang allegedly collected information on Chinese dissidents in the United States and shared their findings with MSS agents, according to prosecutors.

Wilder also said that one of the Chinese consulates’ functions is to “provide cover” for MSS agents, “whether it’s through Xinhua News Agency reporters, or other positions within the embassy.”

In July 2020, the United States ordered the Chinese consulate in Houston to shut down in a rare move. Senate Intelligence Committee acting Chairman Marco Rubio (R-Fla.) said at the time the move was “long overdue” because the consulate was a “massive spy center.”

In retaliation, Beijing shut down the U.S. Consulate in Chengdu.

Chinese Consulate in New York

Following Sun’s arrest, Hochul said on Sept. 4 that she had learned Chinese consul general Huang Ping was “no longer in the New York mission” following her request to the U.S. State Department that he be ousted.

Providing further clarification on the status of Huang on the same day, State Department spokesperson Matthew Miller said he had been informed that Huang had reached the end of his rotation at the end of August and left the post. “The consul general was not expelled,” he added.

However, the Chinese consulate in New York released a post later in the evening, saying Huang visited a WWII Flying Tiger veteran in Pennsylvania on Sept. 3 as consul general.

The confusion over Huang’s exit is the result of a “calculated diplomatic decision” to avoid an “official diplomatic incident,” Eftimiades said, adding that “things are always confused” for a couple of days in such cases.

In 2022, Zheng Xiyuan, Chinese consul general in Manchester, UK, left his post under similar circumstances after he and several other consulate officials assaulted Hong Kong pro-democracy activist Bob Chan.

The Chinese consulate in New York has been involved in other criminal cases.

Former New York Consul General Peng Keyu also faced calls for his expulsion after he admitted to involvement in acts of violence against Falun Gong practitioners in 2008.

New York’s Flushing neighborhood was the site of sustained violence against Falun Gong adherents that lasted several months in 2008. Mobs of Chinese nationals physically assaulted, verbally harassed, and threw rocks at Falun Gong practitioners.

Peng later told an undercover investigator that he had encouraged the violence of pro-CCP groups.

In recent years, U.S. prosecutors have charged a number of alleged Chinese agents, although some cases have been dropped.

In April last year, two Chinese nationals, Lu Jianwang and Chen Jinping, were charged with allegedly establishing a secret police station in Manhattan, in coordination with the Chinese regime’s Ministry of Public Security.

According to prosecutors, the Chinese consulate in New York allegedly directed Lu to publish materials in newspapers targeting Falun Gong. Additionally, Lu allegedly said he received money from the consulate to help bring members from his association on buses to Washington.

Lin Ying, a former manager at the Chinese state-owned airline Air China, pleaded guilty to acting as a Chinese agent in 2019, as she smuggled luggage onboard flights for Chinese military officers. In exchange, the Chinese consulate in New York provided her with benefits such as tax-exempt purchases of liquor, cigarettes, and electronic devices.

In 2020, a New York Police Department (NYPD) officer was arrested on charges relating to spying on Tibetans in the New York area at the request of the Chinese consulate. Federal prosecutors dropped their case against the officer in 2023.

Tyler Durden
Tue, 09/10/2024 – 18:55

“Excuse Me, Are You His Daughter?”: 1995 Clip Of Willie Brown Side-Piece Kamala Resurfaces

0
“Excuse Me, Are You His Daughter?”: 1995 Clip Of Willie Brown Side-Piece Kamala Resurfaces

As we all know, Kamala Harris’ political career was launched into orbit after former San Francisco Mayor Willie Brown, who she was banging, flipped Harris into the ultimate position: power.

In 1994, Brown appointed Harris unemployment insurance appeals board. She then worked her way  then the California Medical Assistance Commission. Then in 2000, while Willie Brown was Mayor of SF, Harris got a job at City Hall working underneath city attorney Louise Renne, as well. In 2001, she dated talk show host Montel Williams.

Harris eventually went on to become San Francisco District Attorney, the Attorney General of California, a US Senator, Joe Biden’s running mate in the 2020 US election, and now – Vice President – whose staff absolutely hates her.

In 1995, with Harris at the peak of pleasing Willie’s willy in exchange for a career, one reporter asked her a key question while she was out with Brown – 30 years her senior: “Are you his daughter?”

Meanwhile, for some real insight into Harris’ career in California, Guy Saperstein wrote last year:

My career was as a trial lawyer in the SF Bay Area. The mayor and later Speaker of the California Assembly, Willie Brown, was a personal friend and political supporter of trial lawyers. I loved Willie. He was smart, politically gifted — he supported everything I ever asked him for — and funny. Willie defined the word “dapper.” We’d go shopping at the same store, Wilkes Bashford, where he was the King. He would always tell the staff, “Now, you take care of my white buddy Guy. Whites are not blessed with my good taste, so help the poor boy.” Willie had more charm than ten white boys.

Willie was married and estranged from his wife. It was well-known he had a young — 30 years younger — black girlfriend. He didn’t even try to hide it. The girlfriend was Kamala Harris, then a nondescript assistant city attorney. Next thing I knew, Kamala was running for District Attorney, supported by Willie’s powerful political machine against the then DA, Terence Hallinan, a progressive. Willie’s machine won and Kamala became San Francisco DA.

Next next thing I knew, assistant San Francisco DAs were calling me and asking, “Where is Kamala?” They knew I was a friend of Willie’s. Apparently, she wasn’t showing up for work.

A few months later, I read that Kamala had been read the riot act by a solid Democratic judge for not maintaining good chain of custody for evidence. “Chain of custody” is a legal term which means that the evidence you submit to the court is that same uncontaminated evidence you seized at the crime scene. Before I became a civil rights class action lawyer, I did 50 criminal jury trials, and chain of custody was never an issue because the DA would do his/her job competently and insure that the correct evidence was presented to the court. But that was before Kamala’s laziness set new standards.

Kamala was hauled before three liberal judges who were outraged by her sloppiness. In response, Kamala lied under oath to all of them, trying to blame it on the police department crime lab, but that was total bullshit. When an attorney presents evidence to a court, she or he vouches for it. Kamala should have been disbarred as a result, but San Francisco is a liberal “old boys” network, and liberals protect even lying, unethical DAs.

When the dust cleared, 1,100 FELONIES had to be dismissed — and by Democratic judges. In the history of American jurisprudence, I don’t think this has ever happened. Just think of what it means to have 1,100 felonies dismissed for defective chain-of-custody. Harris was willing to allow 1,100 people to go to prison for years because she wouldn’t admit her errors.

*  *  *

Tyler Durden
Tue, 09/10/2024 – 18:30

Kamala Surrogate Lectured By CNBC Anchor Over “Master Class In Avoiding Any Questions”

0
Kamala Surrogate Lectured By CNBC Anchor Over “Master Class In Avoiding Any Questions”

Authored by Steve Watson via modernity.news,

Commerce Secretary and Kamala Harris surrogate Gina Raimondo found herself on the end of a rare moment where a CNBC anchor called out Harris’ complete lack of engagement with the press and the American people since being installed as the Democratic nominee.

“Squawk Box” co-host Joe Kernen was having none of it when Raimondo claimed Harris is “reaching out” to people, that “she’s spending her time talking to Americans,” and “She has a punishing schedule.”

“She hasn’t talked to the press, Gina. I know you’re a surrogate, but the American people are frustrated,” Kernan countered.

He continued, “The media is frustrated with the amount of access anyone’s gotten to her for the past 41 days.”

“We’re finally going to have a debate tomorrow night because she sat down for one interview that was taped and then cut down,” the anchor added.

“Certain little things came out from it, but it has been a masterclass in avoiding any questions and nothing has been made clear by her,” Kernan urged.

He added, “Maybe it’s been made clear in drubs and drabs from her policymakers when it comes out in print or off a teleprompter at one of her scripted speeches.”

“She’s been impossible to pin down on anything because she hasn’t given any access. The American people deserve it,” Kernan concluded, then asking Raimondo “Wouldn’t you agree?”

She despondently responded, “yes.”

Oof.

Finally someone in the media telling it like it is.

As we previously highlighted, Raimondo was called out during an interview last month for falsely suggesting Donald Trump made up statistics that were released by President Joe Biden’s Bureau of Labor Statistics.

The former governor was swiftly hit by a brutal fact check.

“It is though from the Bureau of Labor,” said the reporter.

“I don’t, I’m not familiar with that,” said Raimondo.

Apparently, she’s “not familiar” with the existence of the Bureau of Labor Statistics, a department of the U.S. government that has been around for 140 years.

The report announced that job growth throughout the 12 months ending in March would be revised downward by 818,000 jobs, equating to 0.5% of total jobs, the biggest number for decades.

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

Tyler Durden
Tue, 09/10/2024 – 18:05

One In Five Student Loan Borrowers Avoid Making Payments: Report

0
One In Five Student Loan Borrowers Avoid Making Payments: Report

Authored by Bill Pan via The Epoch Times (emphasis ours),

One in five borrowers with outstanding student loans have made no payments, as many hold out for potential debt relief, a recent survey reveals.

President Joe Biden speaks about student loan relief at Madison College in Madison, Wis., on April 8, 2024. Andrew Caballero-Reynolds/AFP via Getty Images

The survey, published on Sept. 5 by Intuit Credit Karma, found that 20 percent of student loan borrowers said they have yet to make any payments on their loans. This figure rises to 27 percent among borrowers with a household income of less than $50,000.

More than half (55 percent) of respondents reported being unable to afford their student loan payments, while nearly half (49 percent) said they feel “financially unstable.”

The survey underscores the financial strain faced by borrowers, with affordability challenges largely attributed to the high cost of living (69 percent). Many loan holders said they are forced to make difficult trade-offs, with 38 percent saying they are falling behind on other bills—such as auto loans, mortgages, or credit card payments—to meet their student loan obligations. Additionally, 39 percent of borrowers said they are prioritizing paying off higher-interest debt over their student loans.

The report also highlights the difficult financial situations of younger borrowers. Notably, 44 percent of Gen Z and 41 percent of millennial borrowers said they have depleted their savings to manage student loan payments. Overall, about one-third (34 percent) of all borrowers surveyed reported having $0 in savings.

Borrowers who haven’t been making payments should be on high alert, as their credit scores could be impacted once the federal government’s “on-ramp” grace period ends, the survey warns.

During this one-year transition period, payments are due and interest accrues, but missed payments won’t be considered delinquent, placed in default, or reported as such to creditors or debt collectors.

When the grace period ends on Sept. 30, borrowers will again face the usual consequences of missed payments, including default. Defaulting on a loan can damage one’s credit score and may result in the federal government garnishing wages, seizing tax returns, and intercepting Social Security benefits.

The survey suggests that some borrowers appear to have taken “irresponsible advantage” of the soon-to-expire relief. About one in seven (15 percent) of those who have not been making consistent on-time payments admitted they were intentionally avoiding payments, knowing their credit scores would not be impacted during the grace period.

“With Biden’s SAVE plan in limbo, many borrowers face uncertainty about whether they will benefit from lower monthly payments and a clear path to loan forgiveness,” said Courtney Alev, a consumer financial advocate at Intuit Credit Karma, referencing the Biden administration’s income-driven repayment plan currently blocked by court orders.

“While it’s understandable to hope for potential loan forgiveness, borrowers shouldn’t rely solely on it,” Alev said in the survey release. “Those struggling to make payments should proactively reach out to their lenders to explore available options.”

The SAVE plan was designed to reduce monthly payments for borrowers and accelerate the path to having their balance discharged. Approximately 7.5 million borrowers have already signed up for the SAVE plan, and 150,000 have had their debt erased.

Two groups of Republican state attorneys general challenged the plan in two federal district courts. They argued that the Biden administration lacks the legal authority to implement the plan and that it contradicts the U.S. Supreme Court’s decision last summer that struck down an earlier attempt at large-scale student loan cancellation.

On Aug. 28, the Supreme Court denied the Biden administration’s emergency request to temporarily reinstate the SAVE plan. This is not a final ruling, and either or both cases could return to the high court once the federal appeals courts rule on the merits of the dispute.

The survey was conducted online within the United States by Qualtrics on behalf of Intuit Credit Karma between Aug. 3 and Aug. 19 among 1,995 adults ages 18 and older with outstanding student loan debt.

Tyler Durden
Tue, 09/10/2024 – 17:15

Volkswagen Declares War On Unions, Scraps Three-Decade-Old Job Protections

0
Volkswagen Declares War On Unions, Scraps Three-Decade-Old Job Protections

As discussed earlier today, Germany’s economy is slowly but surely sinking, whether or not Mario Draghi’s proposal to flood Europe in new debt is eventually accepted, and nowhere is the pain more tangible than Germany’s iconic carmaker, Volkswagen, which we reported last week was considering its first-ever factory closure amid a dire economic backdrop, and which today took the shocking – for Germany – decision to end job protections for German auto workers as part of its cost-cutting push, setting up a calamitous showdown with unions as the country’s most important industry fights for its future.

This morning, the world’s largest automaker by sales canceled several agreements linked to a three-decades-old pact that was supposed to safeguard employment until 2029, VW said. Guarantees will effectively run out by the middle of next year. According to Bloomberg, “ending job security commitments at a company synonymous with engineering prowess signals how far Europe’s biggest economy has fallen behind on competitiveness.”

The moves are meant to “reduce costs in Germany to a competitive level,” VW’s human resources chief Gunnar Kilian said in a statement.

The news came shortly after BMW cut its profit expectations for the year after faulty brakes from German supplier Continental AG prompted a recall of 1.5 million vehicles. Last week, VW announced plans to potentially close factories in Germany for the first time after previous measures to cut expenses fell flat.

VW’s main target is its underperforming namesake passenger car brand, whose profit margins are getting squeezed amid a sputtering transition to EVs and a consumer spending slowdown. Carmakers in Europe are also struggling to compete with Tesla and new entrants from China led by BYDl, which have been selling cars at dumping prices, infuriating Brussels.

Cutbacks at VW are harder to push through than at other companies, especially since half the seats on the company’s supervisory board are held by labor representatives, and the German state of Lower Saxony — which owns a 20% stake — often sides with trade union bodies. The automaker, which employs almost 300,000 Germans, last week defended its plant closure plans, saying flagging car sales have left it with about two factories too many.

VW’s cost-cutting plans may result in unintended additional costs for the company of close to €1 billion ($1.1 billion), according to Thorsten Gröger, chief negotiator for the main IG Metall union: ending the guarantees trigger higher wages under previous collective bargaining pacts, he said in a separate statement.

While VW said it’s ready to start talks with labor representatives earlier than planned as part of the upcoming bargaining round, unions quickly vowed to fight the end of employment protections.

“We will put up a fierce resistance to this historic attack on our jobs,” said Daniela Cavallo, VW’s top employee representative and a supervisory board member. “With us, there will be no layoffs.”

Sorry, but there will be and by the time the layoffs are done, it will be a historic bloodbath.

Tyler Durden
Tue, 09/10/2024 – 15:10

Americans Lost $5.6 Billion In Cryptocurrency Scams Last Year, FBI Says

0
Americans Lost $5.6 Billion In Cryptocurrency Scams Last Year, FBI Says

Authored by Chase Smith via The Epoch Times,

Americans lost more than $5.6 billion to cryptocurrency fraud in 2023, a significant increase from previous years, according to a new report from the FBI.

The FBI’s Internet Crime Complaint Center (IC3) received more than 69,000 complaints involving cryptocurrency fraud, representing a 45 percent increase in losses compared to the previous year, the Sept. 9 report said.

While these cryptocurrency-related complaints accounted for 10 percent of the total number of financial fraud complaints, they made up nearly half of all financial losses reported to the FBI.

“As the use of cryptocurrency in the global financial system continues to grow, so too does its use by criminal actors,” Michael Nordwall, assistant director for the FBI’s Criminal Investigative Division, said in the report.

According to the report, investment fraud was the most significant contributor to these losses, accounting for $3.96 billion, or 71 percent of all cryptocurrency-related losses.

The report cites investment fraud scammers who use social media platforms, dating apps, and networking sites to build trust with victims before convincing them to invest in fake cryptocurrency schemes.

These scams often involve showing victims fake profits to encourage further investments, but when the victims try to withdraw their funds, they are asked to pay additional fees or taxes, which they never recover.

Other forms of fraud, including tech support scams, government impersonation, and call center fraud, were also notable. Call center fraud represents approximately 10 percent of cryptocurrency-related losses.

An example of tech support scams is criminals impersonating customer support representatives and directing victims to pay for nonexistent services using cryptocurrency.

“The decentralized nature of cryptocurrency, the speed of irreversible transactions, and the ability to transfer value around the world make cryptocurrency an attractive vehicle for criminals while creating challenges to recover stolen funds,” Nordwall said.

“Once an individual sends a payment, the recipient owns the cryptocurrency and often quickly transfers it into an account overseas for cash-out purposes.”

The rise in cryptocurrency scams has hit older Americans especially hard. While people over the age of 60 made up just 24 percent of the total complaints, they reported the highest financial losses, totaling $1.65 billion.

Younger generations were hit less hard, with those under 20 losing $14.7 million, followed by those in their 20s losing $168.5 million, those in their 30s losing $693.7 million, those in their 40s losing $843.8 million, and those in their 50s losing $901 million.

Some states were hit harder by scams than others. The top five states for cryptocurrency fraud losses were California ($1.15 billion), Texas ($411.9 million), Florida ($390.2 million), New York ($317.3 million), and New Jersey ($179.4 million).

The five least impacted were Vermont ($4.8 million), Maine ($5.9 million), North Dakota ($6.5 million), Wyoming ($7.3 million), and the District of Columbia ($8.3 million).

The report offers several tips for individuals to protect themselves from cryptocurrency scams. It emphasizes the importance of verifying the legitimacy of investment opportunities, especially when offered by people met online or through unsolicited contacts.

The FBI advises never to send cryptocurrency payments to individuals or companies without thoroughly researching them.

Additionally, people are urged to be cautious of companies claiming they can recover lost cryptocurrency, as many of these services charge up-front fees and may be fraudulent themselves.

The agency urges victims to file complaints with IC3, even if no financial loss occurred.

For further protection, victims should promptly report any suspicious activity to the IC3. The FBI emphasized the importance of timely and accurate reporting in helping law enforcement track and recover lost funds.

Tyler Durden
Tue, 09/10/2024 – 14:45

Biden’s FAA Punishes SpaceX, Delays Starship Rocket Launch By Months

0
Biden’s FAA Punishes SpaceX, Delays Starship Rocket Launch By Months

Does the Biden Administration have it in for Elon Musk? … Absolutely.

The radical leftists in the Biden administration have ramped up their weaponization of federal agencies against Musk’s companies, retaliating as the world’s richest man and top Trump supporter champions free speech on X during this crucial election cycle. Musk has made it his mission to ensure the Deep State’s censorship machine has tentacles partially or entirely removed from the X platform. Democrats are furious about this (crying about the proliferation of ‘hate speech’ under the guise of trying to re-control the platform) as their dying legacy corporate media allies have severe problems in narrative control.

In continued federal action against Musk, the Federal Aviation Administration has delayed SpaceX’s Starship launch by two months. This is longer than what was previously discussed between the space company and federal regulators regarding a mid-September launch.

According to a new SpaceX update: 

We recently received a launch license date estimate of late November from the FAA, the government agency responsible for licensing Starship flight tests. This is a more than two-month delay to the previously communicated date of mid-September. This delay was not based on a new safety concern, but instead driven by superfluous environmental analysis. The four open environmental issues are illustrative of the difficulties launch companies face in the current regulatory environment for launch and reentry licensing.

This is not the first time the Biden-Harris team has weaponized federal agencies against SpaceX to impede launches… 

Late last year, Musk described the apparent ‘beef’ that the Biden administration has had with him. Last September, he told All-In Podcast host entrepreneur David Sacks:

“…there does seem to be some significant increase in the weaponization of government and really sort of misuse of prosecutorial discretion in many areas… I think this is really a dangerous thing for there to be partisan politics with government agencies.”

Musk continued:

“I don’t think the whole administration has it out for me.

“But I think there’s probably aspects of the administration… or aspects of interests aligned with President Biden who probably do not wish good things for me.”

Here’s what X users are saying… 

In addition to Biden-Harris’ weaponization of federal agencies, Musk has also observed lawfare from Jeff Bezos’ struggling Blue Origin rocket company to impede launches.

Tyler Durden
Tue, 09/10/2024 – 14:20

“I’ve Never Seen Anything Like That”: Jeff Currie Claims Fears Of An Oil Market Glut Are “Completely Overplayed”

0
“I’ve Never Seen Anything Like That”: Jeff Currie Claims Fears Of An Oil Market Glut Are “Completely Overplayed”

By Charles Kennedy of OilPrice.com

Oil market participants are “dramatically overestimating” a supply glut, as Chinese demand is not as doom-and-gloom as headline figures suggest and U.S. crude oil production is basically flat this year, Jeff Currie, chief strategy officer of energy pathways at Carlyle, said on Tuesday.

Fears of a major oil glut are “completely overplayed,” Currie told the Asia Pacific Petroleum Conference (APPEC) in Singapore, where executives at major oil trading houses expressed bearish views about demand and global market balances for this year and next.

According to Currie, Chinese “weaknesses in demand are being deeply exaggerated by base effects and by destocking.”

“The key issue there is, the market is dramatically overestimating that flood [in oil supply], and it’s reflected in record short positions … and I’ve never seen anything like that,” Currie said at the APPEC conference, as reported by CNBC.

Hedge funds and other money managers accelerated their selling in the most traded petroleum futures contracts in the latest reporting week to September 3. Portfolio managers slashed their overall net long position—the difference between bullish and bearish bets—to the lowest level since exchanges began compiling such data in 2011.

Rising global oil supply and weaker-than-expected demand have made traders increasingly bearish on oil prices.

The top executives of some of the biggest independent oil traders also said this week that supply is outstripping demand.

Ben Luckock, Global Head of Oil at Trafigura, expects Brent to drop into the $60s handle, although he warned that traders shouldn’t put all their eggs in the basket of shorts.

Another major oil trader, Gunvor, also expects Brent at $70. Gunvor’s co-founder and chairman Torbjorn Tornqvist told the APPEC conference on Monday that Brent’s fair value is $70 a barrel as supply outpaces demand.

The problem with oversupply is not the OPEC+ policy but the fact that the group doesn’t have control over the jump in non-OPEC+ supply, Tornqvist said.

Tyler Durden
Tue, 09/10/2024 – 13:55

Two Delta Planes Collide On Taxiways At Atlanta Airport

0
Two Delta Planes Collide On Taxiways At Atlanta Airport

Delta Air Lines Flight 295, an Airbus A350, was taxiing for departure at Hartsfield-Jackson Atlanta International Airport on Tuesday morning when its wingtip struck the tail of a Bombardier CRJ900 aircraft operated by Endeavor, a wholly-owned subsidiary of Delta. The impact severely damaged the regional jet’s airframe, which was set to depart for Lafayette, Louisiana.

ATL on X confirmed the incident around 10 am ET: 

At 10:07 am, two aircraft made contact at the intersection of taxiways E and H on the north airfield. No injuries are reported. Passengers from one aircraft are being bussed to concourse B; the other aircraft taxied on its own power to its gate. There is minimal impact to ops.

Flight tracking website Flightradar24 published data showing just how the incident unfolded:

Based on playback, it appears to be a ground collision between a Delta A350 and Delta Connection CRJ-900 that resulted in the vertical and horizontal stabilizer of the CRJ being severed from the aircraft.

Footage of the accident published on X shows the A350’s wing ripped off the CRJ900’s vertical and horizontal stabilizers. 

Add this to the list of the growing number of ground and mid-air incidents that have sparked unease among travelers:

Maybe US air travel would be just a tad safer if US Transportation Secretary Pete Buttigieg wasn’t so fixated on installing DEI hiring practices at the FAA.

Tyler Durden
Tue, 09/10/2024 – 13:35

Bringing ‘Dark Money’ Operatives Out Of The Shadows

0
Bringing ‘Dark Money’ Operatives Out Of The Shadows

Authored by Dustin Bass via American Greatness,

The term “dark money” gets thrown around a lot, and when politicians make claims about “dark money” coming from the lurid corners of opposing political party backers, it is hard to take such vague claims seriously.

When an exposé is conducted by a research group that focuses solely on “dark money” matters, the claims become clearer, the culprits are brought into the light, and, most importantly, the money is followed. Scott Walter, “dark money” hawk and president of the Capital Research Center (CRC), has accumulated a wealth of information on “dark money” sources from the left.

In his new book, “Arabella: The Dark Money Network of Leftist Billionaires Secretly Transforming America,” Walter guides the reader through this network of billionaires and multi-billion dollar charity organizations who use their 501(c)(3) or 501(c)(4) tax statuses to funnel money toward social and political movements, ranging from abortion to climate change to lobbying against the appointment of conservative judges. The billionaires involved include some of the most famous Americans, like Warren Buffett, Mark Zuckerberg, and the most usual suspect, George Soros. Charity organizations include the Ford Foundation, the Rockefeller Foundation, OpenSociety, the Bill and Melinda Gates Foundation, and the Sierra Club. But how do all of these organizations and individuals coordinate? It starts with a group called Arabella Advisors.

The “Tentacles” of Arabella

“We need to understand more thoroughly how these tentacles of Arabella operate across America,” Walter writes early in the book. He notes that though a majority of these donors and their organizations originate in Washington, D.C., their influence is felt throughout the country at statewide and local levels. Upon digging into organizations with harmless-sounding names like “Arizonans United for Health Care, Floridians for a Fair Shake, Keep Iowa Healthy, New Jersey for a Better Future, and North Carolinians for a Fair Economy,” one realizes just how harmful and deceptive these groups are, but furthermore, just who is pouring money—from the hundreds of thousands to the tens of millions of dollars—into them. As Walter suggests, these “pop-ups” are merely tentacles, of which there are so very many. As he further notes, “Think of almost any left-wing position, and Arabella money—usually a lot of it—can be found promoting it.”

In “Arabella,” the author explains how this group utilizes IRS loopholes to spawn its nonprofit subsidiaries and keeps its donors hidden, or at least very difficult to uncover. “Obscuring which donor paid for which project is one strength of the Arabella ‘dark money’ system, which is why its biggest clients are the biggest left-wing foundations in America,” Walter writes.

Right Against Left

Walter’s Capital Research Center is a conservative group that focuses on following the left’s money, and much of the research notated in the bibliography stems from its online source called InfluenceWatch.org. This website documents the inner workings of a vast array of left-of-center charity organizations (“charity,” for lack of a better term). One could call “Arabella” a hit piece since the source of the book is right-wing, but what helps dilute this accusation is the large amount of left-of-center publications cited throughout the book, including “The New York Times,” “The Washington Post,” and “Politico.” The use of such sources is no doubt intentional by Walter.

Furthermore, concerning these left-of-center publications, the CRC’s work has forced the mainstream media to recognize the clear risks this “dark money” plays in a democratic society. This recognition is cited by Walter, and none more important or devastating to Arabella than when Arabella CEO Sampriti Ganguli was interviewed by “The Atlantic.” The interview, which focused on Arabella’s “dark money” influence, resulted in Ganguli quickly being removed from her position. Most importantly, however, is the fact, and one that Walter is and should be most proud of, that the House Ways and Means Committee is investigating Arabella, specifically into the use of foreign money in political elections and legislation.

One for the Politicians

No doubt “Arabella” is an important read for citizens interested or concerned about the state of American politics and social movements. Where do all these organizations come from, and how do they rise so suddenly and so influentially? “Arabella” puts faces and names to the seemingly hidden figures. It is a book that, I believe, every local, state and federal conservative legislator and politician should read (even moderate Democrats may find the read enlightening and useful).

Over the decades, and especially since 2016 (the rise of Donald Trump), political and social pressure has been put on conservatives from countless angles. It would behoove those planning to join or are already within the political arena to know where this pressure is coming from and to know that the pressure is typically concocted not by concerned citizens but by big-money activists, who are concerned with “more centralized government in Washington, including ever more burdensome regulation of all facets of American life.” As Walter acknowledges, concerning CRC’s success, “It’s harder to manipulate people when you’re forced out of the shadows.”

Tyler Durden
Tue, 09/10/2024 – 13:15