L. Burke Files

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L. Burke Files

L. Burke Files

@FEEInc

Mostly I deal with due diligence, fraud, corruption, money laundering, financial investigations, write a teach the Business Street Smarts class at Hayek Global.

Arizona Katılım Ocak 2013
220 Takip Edilen468 Takipçiler
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L. Burke Files
L. Burke Files@FEEInc·
How To Launder Money will be out February 17th - Order your copy today, please. amazon.com/How-Launder-Mo… Money laundering is as old as money itself, yet efforts to stop it remain strikingly ineffective. Today’s anti–money laundering laws intercept just 0.05 per cent of global illicit financial flows, while imposing heavy costs on legitimate businesses and consumers. Criminals stay ahead of regulators, forfeitures often cost more than they recover, and vast sums still move invisibly through cash, gold, and other assets. How to Launder Money exposes how and why this happens, dissecting the mechanics of money laundering not to enable crime, but to reveal the failures of the current system. Acknowledging the challenges faced by law enforcement, it offers practical recommendations to reduce financial crime and identify what actually works. This is an inside story criminals already know—told for everyone else who wants to understand how well-intentioned laws are doing more harm than good.
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Nick shirley
Nick shirley@nickshirleyy·
🚨 California just voted to pass AB 2624 aka “The Stop Nick Shirley Act”: This bill puts journalists at civil risk for investigating fraud and makes it harder to expose fraud in “immigration support services,” including NGOs, nonprofits and health care facilities that receive hundreds of millions from the state of California each year. This bill would have made it criminal to expose fake hospices in LA or the Somali “learing center” in Minnesota if they then claim “reasonable fear” and the business owner gives a written demand not to post the video. Plain and simple, California is trying to make it harder to expose fraud and scare individuals from investigating fraud in their communities, as they could be sued for an injunction to remove the video + forced to pay their attorney fees + minimum $4,000 in damages. The Attorney General's wife, Mia Bonta, created this bill and is now trying to make it law. How is this not a conflict of interest? California is full of FRAUDSTERS!
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Wendy Rogers
Wendy Rogers@WendyRogersAZ·
Intuitively, WE KNEW THIS!
Nick Sortor@nicksortor

🚨 Stephen Miller says the scale of welfare fraud is SO MASSIVE that eliminating it alone could balance the ENTIRE federal budget "The amount that has been fleeced from us is in the HUNDREDS OF BILLIONS of dollars." "We could balance the federal budget if the only dollars that went out of the treasury went to individuals who were properly, lawfully, correctly eligible to receive them." This should infuriate EVERY taxpayer.

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L. Burke Files
L. Burke Files@FEEInc·
@LukeGromen It took a full 10 years to shead or absorb the damage of the wage price controls.
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Luke Gromen
Luke Gromen@LukeGromen·
100% Investors are acting like it's some strategic genius, when SPR releases are really just Nixonian price controls with better marketing. This will end the same way Nixonian price controls did - working for a bit, but if the war lasts "too long"...they will stop working. 🚀🚀
David Daglio@DaglioDavid

@LukeGromen @yieldsearcher This is the true cost of draining SPRs around the world, we aren't letting economics do their work.

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L. Burke Files
L. Burke Files@FEEInc·
From 2011 to 2014, the oil experts said we would never see oil under $100 per barrel December 2015, it was under $40. The markets are dynamic, and the solution to high oil prices is high oil prices - as alternatives will emerge. As the market has shown, energy will continue to have a very high Beta - so trade on the volatility.
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L. Burke Files
L. Burke Files@FEEInc·
@UnicusResearch All EU car makers have Corporate Average Emissions standards, so they have to build electric cars, just as in the US, becasue of CAFE we have to sell small death-box cars with high gas mileage.
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L. Burke Files
L. Burke Files@FEEInc·
@AFROEAGLE1 @MasterBolaji I have taught many classes in Nigeria, Port Harcourt, Lagos, University of Ibadan, many years ago, in Benue, and I try to get out and see local history and folks. Also, I am drinking a Star Larger, and most everyone else is drinking Guinness. I try to learn as I go.
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Bolaji Fesomade
Bolaji Fesomade@MasterBolaji·
Sheikh Gumi was detained in Saudi Arabia on May 24 which was two days ago, and later deported back to Nigeria. He was not allowed to perform Hajj after allegedly being flagged by Saudi authorities over terrorism-related concerns.
Bolaji Fesomade tweet media
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🇺🇸 Kyle Bass 🇹🇼
🇺🇸 Kyle Bass 🇹🇼@Jkylebass·
Beijing is restricting the overseas travel of China’s top AI engineers while continuing efforts to place Chinese operatives inside leading U.S. AI companies. Evidence of China’s desperate drive to try to close the gap with the world’s leading AI innovators in the U.S. 🇺🇸
Bloomberg@business

China is restricting overseas travel for top AI professionals in private firms such as Alibaba and DeepSeek, suggesting an escalation in measures intended to safeguard its technology and catch up to the US in a pivotal sphere. Government agencies have begun imposing restrictions on individuals involved in advanced AI work and considered strategically important to the country, people familiar with the matter said. bloom.bg/4uy8OPC 📷: Qilai Shen/Bloomberg

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L. Burke Files
L. Burke Files@FEEInc·
@breccastoll The litigation will drain the city. It will be even worse if they win, as the tax base would plummet and they would have to invest in the repairs.
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Brecca Stoll
Brecca Stoll@breccastoll·
NOW: Mamdani says his admin will transfer ownership from bad landlords to non-profits. “For buildings that have suffered chronic neglect, we will work to transfer ownership to responsible stewards. Stewards that include community land trusts, non-profits, or even the tenants themselves.”
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Eye of GOD
Eye of GOD@AFROEAGLE1·
@FEEInc @MasterBolaji I am obsessed with it bro. If you don’t remember it, you need not skip your medication.
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L. Burke Files
L. Burke Files@FEEInc·
How about this: you are a very successful author and public intellectual. I propose a modest tax on authors like you who publish more than a defined threshold (e.g., >N pieces/year). Not punitive, the revenue would dbe used to fund libraries, open-access publishing, and community literacy. How it works: Threshold: >N pieces per 12 months (across all platforms) Revenue use: Public libraries, subsidies for open-access publishing, literacy programs Safeguards: Clear counting rules, appeals, impact reviews, and protections for marginalized voices. How does that hit you?
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L. Burke Files
L. Burke Files@FEEInc·
So you wish to punish sucess and drive out those who will be or could be successful? What if the tax goes through to tax unrealized capital gains? They would have to see those assets or a portion thereof to pay the tax, lower the gains, and this tax revenue from the hundreds, if not 10s of thousands of others. Norway thought the wealth tax was a good thing. The results - they drove off the wealth and ended up with lower revenue. Further, you have never owned a business or had to make payroll. You are a brilliant young man with no skin in the game for your ideas.
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Gabriel Zucman
Gabriel Zucman@gabriel_zucman·
New research: we have studied the wealth of the 200 Californian billionaires and what they effectively pay in tax. From Mark Zuckerberg (Meta) to Sergei Brin and Larry Page (Alphabet), the results are edifying. 🧵 nytimes.com/interactive/20…
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JoshWest247 ⚡️
JoshWest247 ⚡️@JoshWest247·
My friend in the exotic automotive space just sent me this regarding the Ferrari Luce and Mercedes GT: “I was chatting with some Mercedes people at their event last week and journalists about why manufacturers keep dropping these electric cars that nobody asked for — and it actually makes a lot of sense once you hear it. The EU has this rule where every car brand’s ENTIRE lineup has to average below a certain emissions number. Not per car — the whole fleet. And if they miss it, they get fined like €95 for every single gram they’re over, multiplied by every car they sold that year. We’re talking hundreds of millions. So every EV they sell pulls that average down. Which means they can keep making the V8s and AMGs and ICE cars we actually love without getting destroyed by regulators. So that MB electric GT 4-Door and the Ferrari Luce? Those aren’t passion projects. That’s compliance math. The irony is those EVs you hate might literally be the reason your favorite ICE cars still exist. Mind-bending but that’s the game right now.”
JoshWest247 ⚡️ tweet mediaJoshWest247 ⚡️ tweet media
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Alex Tabarrok
Alex Tabarrok@ATabarrok·
@omzidar Hmmm...but only the S-corp story, which is pretty small, also reduces the decline in labor share as a percent of national income, right?
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Owen Zidar
Owen Zidar@omzidar·
The rise of pass throughs and the fall of the labor share - our latest post
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Eye of GOD
Eye of GOD@AFROEAGLE1·
@MasterBolaji But he is an advisor to Tinubu. Remember, he single handedly sold using Turkey, an untrustworthy nation as an Anti Terrorism help to Tinubu. Doesn’t that tell you something? Gumi should be banned from Biafra, just as Saudi had done.
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L. Burke Files
L. Burke Files@FEEInc·
@danieljmitchell Excuse my callousness. I say let her keep going. The voters caused this, and they got what they wanted. Maybe the rest of the US might learn something. The emphasis is on "might".
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Dan Mitchell
Dan Mitchell@danieljmitchell·
Seattle’s moronic dilettante mayor says good riddance to her city’s biggest taxpayers. danieljmitchell.wordpress.com/2026/05/05/sha…
Wall Street Mav@WallStreetMav

Seattle’s Democratic Socialist Mayor is losing businesses like no where else. The Colombia Tower Club just closed after 40 years. Amazon Fresh and Amazon Go has closed all their stores. Jeff Bezos left, Howard Schultz founder of Starbucks left. Their capital gains tax collection is down 50%. Per Cushman Wakefield vacancies rates are 36.5 for commercial property. Pioneer square is at 50% vacancy. The Needlle, Seattle’s iconic structure is now a homeless encampment. Business are running from socialist ideas and sanctuary cities. At this pace tax rates will increase on those remaining. It’s just a matter of time for the city to collapse. Fewer people to tax, fewer jobs, more homeless.

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L. Burke Files
L. Burke Files@FEEInc·
We are educating children for jobs that do not yet exist and to use technology that does not yet exist. Agricultural workers historically destroyed early machinery like the threshing machine and tractors during the Luddite rebellions, fearing stolen jobs. Not the term "stolen jobs". Sound familiar?
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Keşfet

@nickshirleyy @WendyRogersAZ @LukeGromen @UnicusResearch @cafreiman @AFROEAGLE1 @MasterBolaji @DavidDTawil