A bigger risk than GameStop? Failing Ponzi schemes ring alarm bells for Wall Street
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By Paul Sullivan
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The GameStop stock saga with its element of David versus Goliath, not to mention its head-turning price gains followed by stomach-churning drops may have been all the talk of Wall Street in the last couple of weeks.
But that is just a sideshow.
Ponzi schemes are collapsing while financial markets are soaring, concerning legal and market experts.
Credit:AP
A bigger issue for investors may well be the increasing number of Ponzi schemes, which use money from new investors to pay earlier investors until the fraud falls apart. Many of the latest fraudsters have been preying on people who feel they lost out on the big stock market gains of last few years. The schemes have failed because they did not have the sophisticated apparatus of two of the biggest in the
Barrett, McBride lament lack of control over police chief. Law insulates police from elected officials. //end headline wrapper ?>Police Administration Building, 951 N. James Lovell St. Photo by Christopher Hillard.
Since this summer, calls for nationwide police reform have grown ever louder. But meaningful change has been slow to follow.
Standing in the way in Wisconsin is a system where police departments are often insulated from accountability. And it has been that way for more than 100 years.
A state law passed in 1885 gives volunteer citizen boards authority to hire and fire police and fire chiefs. These police and fire commissions are also tasked with disciplining members of police and fire departments when issues arise.
Although more than $480 million of the total is attributable to the military s estimated expenses.
Washington:
President Donald Trump s onslaught of falsehoods about the November election misled millions of Americans, undermined faith in the electoral system, sparked a deadly riot - and has now left taxpayers with a large, and growing, bill.
The total so far: $519 million.
The costs have mounted daily as government agencies at all levels have been forced to devote public funds to respond to actions taken by Trump and his supporters, according to a Washington Post review of local, state and federal spending records, as well as interviews with government officials. The expenditures include legal fees prompted by dozens of fruitless lawsuits, enhanced security in response to death threats against poll workers, and costly repairs needed after the Jan. 6 insurrection at the U.S. Capitol. That attack triggered the expensive massing of thousands of National Guard troops on the streets
Police, Allies Fight Back as Soros-Funded Liberal DAs Oversee Big-City Bloodshed
James Varney, Washington Times, February 1, 2021
District attorneys implementing liberal agendas in some of America’s biggest cities oversaw soaring homicide counts last year and are now being hit with lawsuits and recriminations from police agencies.
Angry police officers and their backers are doing all they can to boost a May primary challenge to Philadelphia District Attorney Larry Krasner, who refuses to prosecute some gun possession and drug crimes.
A California court is scheduled to hear a lawsuit Tuesday filed by the Association of Deputy District Attorneys in Los Angeles against District Attorney George Gascon. The suit accuses Mr. Gascon of illegally blocking prosecutors from pursuing enhanced sentencing in violent crimes and other major criminal cases.