Josh Wander, the co-founder of Miami investment firm 777 Partners, was charged with conspiracy and fraud for allegedly cheating lenders and investors in the firm out of almost $500 million https://t.co/FLZoMJVBZV ...

Crooks impersonating party officials promise safety for cash https://t.co/GSdU7zFk01 ...

UK Aims to Repay Chinese Victims of $7 Billion Bitcoin Fraud► https://t.co/zRsxPen6w5 https://t.co/zRsxPen6w5 ...

Regulatory Action - UK prosecutors are attempting to seize $6.8 billion (68 亿 USD) in Bitcoin [1] - The seized Bitcoin is linked to a major fraud originating in China [1] - The plan is to compensate defrauded investors with the seized assets [1]

Two MIT educated brothers are facing serious charges for allegedly pulling off a major crypto crime. Federal prosecutors say Anton and James Pere Bueno carried out a crypto heist in a matter of seconds. They accused the brothers of stealing $25 million worth of Ethereum crypto in what's being called a firstofits-kind fraud case.They're both facing charges related to conspiracy, wire fraud, and money laundering. And they could face a maximum of 20 years behind bars for each of those counts. NBC News has reac ...

Bills are on fraud alert ...

"Digital arrests” are swindling Indians out of millions and leaving trauma in their wake. But they can be stopped, writes Bloomberg Opinion columnist Andy Mukherjee https://t.co/eJSr4i4rx7📷: Elke Scholiers/Bloomberg https://t.co/jfaKu7WiqL ...

Social Commentary - Elon Musk claims fraud is overwhelmingly on the left [1] - Musk alleges left-wing NGOs are funded to hate him because @DOGE is effective [1] - Musk states "This is the reason why they really want me to die" [1]

Business Model & Opportunity - The company aims to build a private sector "Department of Government Efficiency" to tackle government waste, fraud, and abuse [1] - The core business model is "Snitching as a Service," where the company identifies fraud against the government and receives 10-30% of recovered funds [2][4] - The Government Accountability Office estimates $500 billion (7% of the federal budget) is lost to fraud annually, representing a significant market opportunity [1] - The company believes the profit motive and free markets are effective ways to address these issues [1] Technology & Approach - The company combines investigative journalism with AI, particularly Large Language Models (LLMs), to analyze open-source intelligence and unstructured data [1][9] - LLMs are crucial for processing unstructured text data in government contracts, regulations, and laws [9] - Open-source intelligence techniques, including computer vision, are used to expedite data analysis [7] Target Verticals & Focus - The initial focus is on healthcare, which accounts for 20% of GDP [10] - Future expansion is planned for defense and education sectors [11] - The company aims to address overbilling and anti-competitive practices, particularly in the pharmaceutical industry [10][11] Competitive Advantage & Team - The company differentiates itself from SaaS companies by being paid only upon delivering measurable results in dollars [4] - The team has experience in antitrust violations and recoveries from big pharma companies [24] Journalism & Transparency - The company plans to inform the government first, but intends to publicize findings when possible [21] - The company views its model as a better business model for investigative journalism, addressing the decline of traditional newspaper funding [21][22] Risks & Challenges - The primary risk is potential failure to execute the business plan as envisioned [24]

Workforce Composition & H-1B Visa Usage - Capital One's Financial Services vertical, managed by an Indian executive, has over 50% of its employees in Plano, Texas being Indian H-1B visa holders, along with a smaller number of Chinese nationals [2] - Capital One operates "India Data Labs," employing numerous Indian H-1B visa holders [2] - American employees at the Plano facility report being outnumbered by Indian colleagues in meetings [3] HR Practices & Allegations - Capital One implemented a stack-ranking performance system similar to Amazon's in 2022, leading to employee terminations every six months [4] - There are allegations that the stack-ranking system is being abused to replace American workers with Indian H-1B visa holders [4] Alleged Misconduct - Reports of Indian staffers at the Plano facility washing themselves in sinks [3]