A Second Hand Conjecture

A Kansas family noticed that the shipping materials used by a Texas company were composed of shredded personal checks. The family was able to tape the shards back together, revealing numerous account numbers. The company says they’ve been using shredded checks as packing material for years…yikes.

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Michael F. Cannon at Cato blogs about a NYTimes article on the rife fraud found and covered up at Medicare. A confidential draft of a federal inspector general’s report claimed that the behavior they found at the Medicare Administration was rife with irregularities.
Medicare reported to Congress that, for the fiscal year of 2006, AdvanceMed’s investigations [...]

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It should be clear by now to anyone who frequently reads blogs that the MSM is not terribly accurate in its reporting, nor does it seem to have any intention of getting better at it. Whether you think the media leans left (as I think it demonstrably does) or right, there is no denying [...]

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Video of Robert Amsterdam speaking at the University of Illinois about the political-symbolic nature of Mikhail Khodorkovsky’s prosecution for fraud in 2005. The transformation of the Khodorkovsky trial into a grotesque perversion of justice is enormously revealing about the nature of the Russia Putin has made. That’s because the government had good evidence against him, [...]

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Here’s a truly incredible story from the college football recruiting trail. Kevin Hart, an unheralded OG from Fernly High in Nevada, held a press conference to announce that he had accepted a scholarship offer from Jeff Tedford to play for Cal. Local media turned out as well as half the school to see the announcement. [...]

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(cross posted at Risk and Return)
So, we now have a new record for trader fraudulently losing billions on bad trades. Nick Leeson will soon join the 1972 Dolphins as great, but behind by the numbers. Just like then I have a niggling thought in the back of my mind, and so does Adam at Adams [...]

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