…America’s system of government. The bureaucracy is so understaffed that it is relying on industry hacks to draft policy. They have shaped deregulation and written clauses into the tax bill that pass costs from shareholders to society.
graphite pencil, crayon and collage on paper { Jasper Johns, Green Flag, 1956 }
In 2012, hedge fund manager and venture capitalist Albert Hu was convicted of a financial fraud that stretched from Silicon Valley to Hong Kong. Today, he is locked up in the minimum security wing of Lompoc federal prison—inmate #131600-111—without access to the Internet. But, somehow, his bogus investment firm has come back to life.
On the surface, Asenqua Ventures appears to be legitimate. It has a website. It has a working voicemail system and lists a Northern California office address. It has distributed multiple press releases via PRNewswire, which were then picked up by reputable media organizations. It is included in financial industry databases like Crunchbase, PitchBook, and S&P Capital IQ. Its senior managers have LinkedIn profiles.
One of those profiles belonged to Stephen Adler, who earlier this week sent out hundreds of new Linkedin “connect” invitations (many of which were accepted). Among the recipients was Marty McMahon, a veteran executive recruiter who just felt that something was a bit off about Adler’s profile. So he did a Google reverse image search on Adler’s profile pic, and quickly learned that the headshot actually belonged to a San Diego real estate agent named Dan Becker.
McMahon called Dan Becker, who he says was stunned to learn that his photo was being used by someone who he didn’t know. Then McMahon did another image search for the LinkedIn profile pic of Adler’s colleague, Michael Reed. This time it led him to Will Fagan, another San Diego realtor who often works with Dan Becker.
Seafood fraud comes in different forms, including species substitution — often a low-value or less desirable seafood item swapped for a more expensive or desirable choice — improper labeling, including hiding the true origin of seafood products, or adding extra breading, water or glazing to seafood products to increase their apparent weight. […]
One in five of the more than 25,000 samples of seafood tested worldwide was mislabeled.
{ Oceana | PDF }
polaroid photograph { Andy Warhol, Lobsters, 1982 }
Researchers in France wanted to know if non-reflective thinkers (those who trust their initial intuition) would be more likely than reflective thinkers (those who use analytic reasoning to question their initial intuition) to believe an unusual or uncanny experience was the result of some supernatural explanation such as astrology or extra-sensory perception. They conducted three separate experiments to see if participants who appeared to have their minds read “through telepathy” by a fellow participant would see the experience differently based on whether they were reflective or non-reflective in their personal style.
Of course, you have likely already guessed that the “fellow participant” was not a participant at all but rather what researchers call a “confederate” who was able to “read” the actual participant’s mind and identify the cards the participant chose at random. (In truth, the experimenter could see the cards chosen and the confederate was cued about which card it was by the language the experimenter used to tell the confederate to focus on the “image” of the card the participant was “telepathically sending” to the confederate.) So the participant (either a reflective or a non-reflective thinker) was incredibly able to telepathically send the images of the cards to the confederate. And guess what? When asked how they explained their heightened ability to telepathically communicate, the reflective and non-reflective thinkers had varying explanations.
The reflective (analytical) thinkers thought it was a fluke and the non-reflective thinkers thought they were fabulous telepathic communicators. […] We showed that a single uncanny experience may be enough for non-reflective thinkers to seriously consider the possibility of supernatural causation. This makes them especially vulnerable to scammers who attempt to leverage paranormal beliefs into profits. A common trick, for example, consists of pretending to detect a paranormal ability in an individual, only to offer him or her an expensive training aimed at developing this potential. Individuals with a predominantly non-reflective cognitive style should be well warned against their own reaction to such and other encounters with the supernatural.
Denis Vrain-Lucas was trained as a law clerk, but by 1854 he had begun to forge historical documents, especially letters. Lucas began by using writing material and self-made inks from the appropriate period and forged mainly documents from French authors. He collected historical details from the Imperial library. As his forgeries were more readily accepted, he began to produce letters from historical figures.
Over 16 years Vrain-Lucas forged total of 27,000 autographs, letters, and other documents from such luminaries as Mary Magdalene, Cleopatra, Judas Iscariot, Pontius Pilate, Joan of Arc, Cicero and Dante Alighieri - written in contemporary French and on watermarked paper. The most prominent French collectors bought them, helping Lucas accumulate a significant wealth of hundreds of thousands of francs.
In 1861 Vrain-Lucas approached French mathematician and collector Michel Chasles and sold him forged letters for Robert Boyle, Isaac Newton and Blaise Pascal. In one of them Pascal supposedly claimed that he had discovered the laws of gravity before Newton. Since this would have meant that a Frenchman would have discovered gravity before an Englishman, Chasles accepted the letter and asked for more. Lucas proceeded to sell him hundreds of letters from historical and biblical figures.
In 1867 Chasles approached the French Academy of Science, claiming to have proof that Pascal had discovered gravity before Newton. When he showed them the letters, scholars of the Academy noticed that the handwriting was very different compared to letters that were definitely by Pascal. Chasles defended the letters’ authenticity but was eventually forced to reveal that Vrain-Lucas had sold them to him. […] In February 1870, the Correctional Tribunal of Paris sentenced Vrain-Lucas to two years in prison for forgery. He also had pay a fine for 500 francs and all legal costs. Chasles received no restitution for all the money he had wasted on the Vrain-Lucas forgeries.
[T]he Inuit, the Masai, and the Samburu people of Uganda all originally ate diets that were 60-80% fat and yet were not obese and did not have hypertension or heart disease.
The hypothesis that saturated fat is the main dietary cause of cardiovascular disease is strongly associated with one man, Ancel Benjamin Keys, a biologist at the University of Minnesota. […] Keys launched his “diet-heart hypothesis” at a meeting in New York in 1952, when the United States was at the peak of its epidemic of heart disease, with his study showing a close correlation between deaths from heart disease and proportion of fat in the diet in men in six countries (Japan, Italy, England and Wales, Australia, Canada, and the United States). Keys studied few men and did not have a reliable way of measuring diets, and in the case of the Japanese and Italians he studied them soon after the second world war, when there were food shortages. Keys could have gathered data from many more countries and people (women as well as men) and used more careful methods, but, suggests Teicholz, he found what he wanted to find. […]
At a World Health Organization meeting in 1955 Keys’s hypothesis was met with great criticism, but in response he designed the highly influential Seven Countries Study, which was published in 1970 and showed a strong correlation between saturated fat (Keys had moved on from fat to saturated fat) and deaths from heart disease. Keys did not select countries (such as France, Germany, or Switzerland) where the correlation did not seem so neat, and in Crete and Corfu he studied only nine men. […]
[T]he fat hypothesis led to a massive change in the US and subsequently international diet. One congressional staffer, Nick Mottern, wrote a report recommending that fat be reduced from 40% to 30% of energy intake, saturated fat capped at 10%, and carbohydrate increased to 55-60%. These recommendations went through to Dietary Guidelines for Americans, which were published for the first time in 1980. (Interestingly, a recommendation from Mottern that sugar be reduced disappeared along the way.)
It might be expected that the powerful US meat and dairy lobbies would oppose these guidelines, and they did, but they couldn’t counter the big food manufacturers such as General Foods, Quaker Oats, Heinz, the National Biscuit Company, and the Corn Products Refining Corporation, which were both more powerful and more subtle. In 1941 they set up the Nutrition Foundation, which formed links with scientists and funded conferences and research before there was public funding for nutrition research. […]
Saturated fats such as lard, butter, and suet, which are solid at room temperature, had for centuries been used for making biscuits, pastries, and much else, but when saturated fat became unacceptable a substitute had to be found. The substitute was trans fats, and since the 1980s these fats, which are not found naturally except in some ruminants, have been widely used and are now found throughout our bodies. There were doubts about trans fats from the very beginning, but Teicholz shows how the food companies were highly effective in countering any research that raised the risks of trans fats. […]
Another consequence of the fat hypothesis is that around the world diets have come to include much more carbohydrate, including sugar and high fructose corn syrup, which is cheap, extremely sweet, and “a calorie source but not a nutrient.”2 5 25 More and more scientists believe that it is the surfeit of refined carbohydrates that is driving the global pandemic of obesity, diabetes, and non-communicable diseases.
related { Beware the Man of One Study }
image { Isa Genzken, X-ray, 1991 }
Imagine receiving a text message that one of the world’s most prominent artists had appropriated your work, divorcing it of its original meaning. That’s exactly what happened to Audrey Wollen, a Los Angeles-based artist whose recreation of Diego Velázquez’s ‘The Rokeby Venus’ as a self-portrait was recently used by Richard Prince as part of his New Portraits series. […]
I was really angry, but not at all surprised. An old, white, successful, straight male artist feeling entitled to the image of a young female body is not surprising. My photograph wasn’t included in his show at Gagosian, but by distributing it through the internet under his name without any consent, he completely erased my authorship and identity. I really was just a photograph of a naked girl, up for grabs. Maybe I’m idealistic, but I don’t think art should simply reiterate the status quo. […] I think a lot of people mistake Prince’s work as purely an issue of appropriation - like, if you condemn Prince, you condemn appropriation on principle. That’s not the point: Appropriation is chill, as long as the person doing the appropriating is not the person in power. What Prince is doing is colonising and profiting off a territory of the internet that was created by a community of young girls, who, needless to say, do not have the cultural space Prince has. Selecting specific bodies from a sea of images, amputating them from their context, and then naming yourself the owner of those bodies: that isn’t just boring art, that verges on predatory and violent behavior.
This report describes the details and type of operations carried out by an organized criminal group that focuses on financial industry, such as banks and payment providers, retail industry and news, media and PR companies. […] The organized criminal group backbone are citizens of both Russian and Ukrainian origin. […]
The average sum of theft in the Russian territory and in the post-Soviet space is $2 million per incident. […] To date the total amount of theft is over 1 billion rubles (about 25 million dollars), most of it has been stolen in the second half of 2014. […]
The key is that fraud occurs within the corporate network using internal payment gateways and internal banking systems. Thus money is stolen from the banks and payment systems, and not from their customers. While this is their main and most lucra- tive activity, the gang has also ventured into other areas including the compromise of media groups and other organizations for industrial espionage and likely a trading advantage on the stock market. […]
The average time from the moment of penetration into the financial institutions internal network till successful theft is 42 days.
As a result of access to internal bank networks the attackers also managed to gain access to ATM management infrastructure and infect those systems with their own malicious software that further allows theft from the banks ATM systems on the attackers command. […]
The main steps of the attack progression are the following ones:
1. Primary infection of an ordinary employee computer.
2. Getting a password of a user with administra- tive rights on some computers. For example, a password of a technical support engineer.
3. Gaining legitimate access to one server.
4. Compromising the domain administrator password from the server.
5. Gaining access to the domain controller and compromising of all active domain accounts.
6. Gaining access to e-mail and workflow servers.
7. Gaining access to server and banking system administrator workstations.
8. Installing the software to monitor activity of interesting system operators. Usually photo and video recording was used.
9. Configuring remote access to servers of inter- est including firewall configuration changes.
[D]etoxing – the idea that you can flush your system of impurities and leave your organs squeaky clean and raring to go – is a scam. It’s a pseudo-medical concept designed to sell you things.
“Let’s be clear,” says Edzard Ernst, emeritus professor of complementary medicine at Exeter University, “there are two types of detox: one is respectable and the other isn’t.” The respectable one, he says, is the medical treatment of people with life-threatening drug addictions. “The other is the word being hijacked by entrepreneurs, quacks and charlatans to sell a bogus treatment that allegedly detoxifies your body of toxins you’re supposed to have accumulated.” […]
In 2009, a network of scientists assembled by the UK charity Sense about Science contacted the manufacturers of 15 products sold in pharmacies and supermarkets that claimed to detoxify. The products ranged from dietary supplements to smoothies and shampoos. When the scientists asked for evidence behind the claims, not one of the manufacturers could define what they meant by detoxification, let alone name the toxins. […]
Then there’s colonic irrigation. Its proponents will tell you that mischievous plaques of impacted poo can lurk in your colon for months or years and pump disease-causing toxins back into your system. Pay them a small fee, though, and they’ll insert a hose up your bottom and wash them all away.[…] No doctor has ever seen one of these mythical plaques, and many warn against having the procedure done, saying that it can perforate your bowel.
A quarter of all public company deals may involve some kind of insider trading. […] The study [PDF], perhaps the most detailed and exhaustive of its kind, examined hundreds of transactions from 1996 through the end of 2012.
Over the past year, I’ve spent a great deal of time trolling a variety of underground stores that sell “dumps” — street slang for stolen credit card data that buyers can use to counterfeit new cards and go shopping in big-box stores for high-dollar merchandise that can be resold quickly for cash. By way of explaining this bizarro world, this post takes the reader on a tour of a rather exclusive and professional dumps shop that caters to professional thieves, high-volume buyers and organized crime gangs. […]
Like many other dumps shops, McDumpals recently began requiring potential new customers to pay a deposit (~$100) via Bitcoin before being allowed to view the goods for sale. Also typical of most card shops, this store’s home page features the latest news about new batches of stolen cards that have just been added, as well as price reductions on older batches of cards that are less reliable as instruments of fraud. […]
People often ask if I worry about shopping online. These days, I worry more about shopping in main street stores. McDumpals is just one dumps shop, and it adds many new bases each week. There are dozens of card shops just like this one in the underground (some more exclusive than others), all selling bases [batches of cards] from unique, compromised merchants.
Paul Ingrisano, a pirate living in Brooklyn New York, filed a trademark under “Pi Productions” for a logo which consists of this freely available version of the pi symbol π from the Wikimedia website combined with a period (full stop). The conditions of the trademark specifically state that the trademark includes a period.
The trademark was granted in January 2014 and Ingrisano has recently made trademark infringement claims against a massive range of pi-related designs on print-on-demand websites including Zazzle and Cafepress.
Surprisingly, Zazzle accepted his claim and removed thousands of clothing products using this design.
Today, credit cards are on supersale. Pageler says that means a big breach just happened.
Strangely, platinum credit cards on the site are selling for less money than gold cards. […]
The bots send out emails, and between 5 percent and 10 percent of recipients open the attachment, which lets the crooks in.
The largest Bitcoin payment processor in Europe, BIPS, said last month that it was hacked and that it lost about $1 million worth of Bitcoins, including coins that were in the personal online wallets of customers. The company, which is still in business, said this week that it would be “unable to reimburse Bitcoins lost unless the stolen coins are retrieved.”
The company said that the Danish police were examining the case but added that the authorities could “not classify this as a theft due to the current nonregulation of Bitcoin.”
related { How the Bitcoin protocol actually works }
An executive at Tiffany & Co. allegedly stole $1.3 million worth of jewelry from the company. How did she do it?
Very slowly, it seems. Ingrid Lederhaas-Okun, 46, worked as the vice president of product development at the jeweler’s Midtown Manhattan headquarters from January 2011 to February of this year, when her position was terminated due to downsizing. […]
“She was careful to only keep items that were valued at under $10,000.” […] “Tiffany’s has a policy of only investigating missing inventory that’s valued over $25,000. […]
Ice-T (né Tracy Marrow), the longtime rapper, actor, and former professional jewel thief, suspects that Lederhaas-Okun may have had a buyer in advance.
A man pretending to be ‘Gangnam Style’ singer psy has crashed the Cannes Film Festival, working his way into a number of VIP parties. […] He was spotted at the Carlton Hotel VIP Room and Martinez Beach, and attended the “secret party” of “millionaire oil magnate and fashion designer” Goga Ashkenazi at Le Baron. He was also seen teaching fellow party goers how to do the dance for ‘Gangnam Style’.
art { Yves Klein, The Void (Empty Room), 1961 | Invisible: Art about the Unseen, 1957–2012 }
A Manhattan fortune teller will be jailed for a year after taking more than $650,000 in cash from an Upper East Side woman by promising to “cleanse” the money.
Swindling soothsayer Janet Miller, 39, also tricked the wealthy victim into turning over paintings and jewelry as “sacrifices” to keep the devil away, and even conned her into buying and handing over a couple of Rolexes — all to exterminate “bad energy,” Manhattan prosecutors charged.
The US Congress has severely scaled back the Stock Act, the law to stop lawmakers and their staff from trading on insider information, in under-the-radar votes that have been sharply criticised by advocates of political transparency.
The changes mean Congressional and White House staff members will not have to post details of their shareholdings online. They will also make online filing optional for the president, vice-president, members of Congress and congressional candidates. […]
The Stop Trading On Congressional Knowledge – or “Stock” – Act prohibited them from buying or selling stocks, commodities or futures based on non-public information they obtain during the course of their work. It also banned them from disseminating non-public information regarding pending legislation that could be used for investment purposes. […]
Political watchdogs were dismayed. “Are we going to return to the days when public can use the internet to research everything except what their government is doing?” asked Lisa Rosenberg of the Sunlight Foundation, which monitors money in politics.
{ Financial Times | Continue reading }
The Federal Reserve said early Wednesday that it inadvertently e-mailed the minutes of its March policy meeting a day early to some congressional staffers and trade groups.
Late this afternoon, the central bank released to reporters a list of more than 150 e-mail addresses that it says received the early e-mail on Tuesday afternoon. (The minutes had been scheduled for release a day later.) The list includes e-mail addresses for dozens of congressional staffers, along with contacts — many of them government-relations executives — at major banks, lobbying firms and trade groups.
We will provide the full list of people who manipulate and cheat the market shortly, but for now we are curious to see how the Fed will spin that EVERYONE got an advance notice of its minutes a day in advance without this becoming a material issue with the regulators, and just how many billions in hush money it will take to push this all under the rug.
The fastest growing industry in the US right now, even during this time of slow economic growth, is probably the patent troll protection racket industry. Lawsuits surrounding software patents have more than tripled since 1999.
It’s a great business model.
Step one: buy a software patent. There are millions of them, and they’re all quite vague and impossible to understand.
Step two: FedEx a carefully crafted letter to a few thousand small software companies, iPhone app developers, and Internet startups. This is where it gets a tiny bit tricky, because the recipients of the letter need to think that it’s a threat to sue if they don’t pay up, but in court, the letter has to look like an invitation to license some exciting new technology. In other words it has to be just on this side of extortion.
Step three: wait patiently while a few thousand small software companies call their lawyers, and learn that it’s probably better just to pay off the troll, because even beginning to fight the thing using the legal system is going to cost a million dollars.
According to the studies he cited, 7 percent of people’s twitter followers are actually spambots; 30 percent of social media users are deceived by spambots and chatbots; and 20 percent of social media users accept friend requests from unknown people, 51 percent of which are not human. […] When it comes to “astroturfing” — the practice of creating fake grassroots movements to influence opinions — the hit ratio on email spams is about 12.5 million to 1. In order to create an astroturf movement on the scale of the anti-SOPA movement in 2011, every person on earth would have to receive the same spam message 8 times.
photo { Todd Fisher }
