Spurious🦋Spelunker

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Spurious🦋Spelunker

Spurious🦋Spelunker

@SpuriousSpelunk

A public scrapbook of opinions on macroeconomics, market crimes, and their regulators' corruption. See Highlights tab for my court case reports and opinions.

The Milky Way Katılım Ağustos 2022
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Spurious🦋Spelunker
Spurious🦋Spelunker@SpuriousSpelunk·
BBB(Y) Estate Hearing 03/17/26 Short status update hearing today. 2 matters (on Employee claims) were already resolved and didn't need a hearing. The remaining Texas Tax Claims were adjourned to late April, and Judge Papalia approved the Plan Administrator's motion to extend the allowed period to object to claims. The two employees (20+ years tenure each) that spoke in the last hearing were brought up by the Judge, Erin Gray (the Estate) related that their claims have been resolved. When probed by Papalia, Gray said that she had worked with them personally, a settlement was reached, their claims were granted. Papalia responded "Good for them!" Judge Papalia asked Erin Gray for any rough estimate of how many higher-class claims remain to be worked through. She responded that "between the Administrative and the Priority claims we have about 900 claims to work through... We still have a ways to go but we're getting there." Remember that multiple times it has been stated from the Estate that the Company would be expected to Emerge before all claims have been resolved. So I don't believe we have to wait on anywhere near all ~900 of them Gray said are remaining.
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poetically informative
poetically informative@poeticinformed·
Some people belong in prison: Connie Bobo started a nonprofit to feed children who were hungry and many were turned away (when food ran out 1st days of program) cuz she used much of the $19.7 million >>200 K Mercedes, real estate, etc. for herself. Sentenced 16 years in prison
Owen Gregorian@OwenGregorian

Missouri Nonprofit Leader Sentenced to 16 Years in $19.7M Child Meal Fraud | Scott McClallen, Townhall This week, U.S. District Judge Audrey G. Fleissig sentenced a former nonprofit executive who stole $19.7 million from a program meant to feed Missouri children to 16 years in prison and ordered her to repay the money. Connie Bobo, 46, was executive director of New Heights Community Resource Center at the time, which accepted money to provide meals to low-income, school-age children after school and during the summer. Bobo, 46, of St. Charles, Missouri, was convicted by a jury of three counts of wire fraud, one count of aggravated identity theft and two counts of obstruction of an official proceeding after a three-day trial in October. Bobo set out to defraud the state from the very outset of her participation in the state’s meal program for children, a sentencing memorandum filed by Assistant U.S. Attorney Derek Wiseman says. “Connie Bobo’s trial clearly showed that this was the largest public assistance and pandemic fraud in state history,” said U.S. Attorney Thomas C. Albus. “Hungry children were turned away when Bobo’s distribution events ran out of food, all because she was spending public money on luxury goods, real estate and an extravagant vehicle.” In 2018, she submitted fraudulent state program enrollment documents and created fake board members, fake trainings and fake bylaws designed to induce Missouri to provide her with meal money, the memo says. Bobo submitted hundreds of fraudulent meal reimbursement claims from 2019-2022 and spent millions of dollars in public meal funds on luxury goods, homes for relatives, a new home for herself, a $200,000 Mercedes-Benz G550 Wagon for a romantic partner and a $2.2 million commercial real estate investment, evidence and testimony showed. “Connie Bobo’s greed is beyond reprehensible. She stole millions of dollars meant to feed low-income children in our community,” said Special Agent in Charge Chris Crocker of the FBI St. Louis Division. “Instead of helping hungry kids, she used that money to buy a $1 million home, a Mercedes-Benz G-Wagon, and four additional properties—all of which the FBI has now seized. Those stolen funds from a taxpayer- funded program could have provided meals for children across Missouri.” Bobo received a total of $19.7 million in state reimbursement funds and spent just $6.8 million on food and milk, evidence showed. The entire $19.7 million was fraudulently obtained because of Bobo’s fraud in enrolling in the program. “This fraudster egregiously purloined American taxpayer dollars administered by USDA that she spent on personal luxuries including a new home,” said Inspector General John Walk for the U.S. Department of Agriculture Office of Inspector General. “This sentencing reflects the seriousness of stealing millions of dollars from a public program intended to provide meals to children in need. I commend Special Agent in Charge Matthew Wilkins and the dedicated USDA OIG special agents who worked on this investigation, as well as our partners at the FBI and the United States Attorney’s Office for their efforts to hold the defendant accountable.” During COVID-19, Bobo drastically ramped up her scheme, and her receipt of state meal reimbursement money, the trial showed. Many of the children who should have been fed by Bobo were out of school during COVID-19 and were not receiving regular meals. The memo points out that Bobo produced fictitious food invoices when she learned of the FBI investigation and attendance logs listing fake children, and lied when she testified at trial. Anyone with information about COVID-19-related fraud should contact the National Center for Disaster Fraud at 866-720-5721.” This case was investigated by the FBI and the U.S. Department of Agriculture Office of Inspector General. Assistant U.S. Attorneys Derek Wiseman and Jonathan Clow prosecuted the case. townhall.com/tipsheet/scott…

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TC Mack
TC Mack@waterboy2192·
@FirstSquawk Same guys selling gasoline and matches, are now selling fire insurance…🤦‍♂️😂
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The Kobeissi Letter
The Kobeissi Letter@KobeissiLetter·
Risk appetite among retail investors is plummeting: Retail trading activity as a percentage of total stock volume is down to 8.1%, the lowest since Q3 2024. This percentage has nearly HALVED since the November 2025 peak of 15.0%. By comparison, the 2021 meme stock mania high was 11.5%. Retail market participation is now in-line with levels seen during the 2020 pandemic and the 2022 bear market. Meanwhile, 0DTE option volume as % of the total is down to 57%, the lowest since Q1 2025. Retail is rushing to the sidelines.
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Watcher.Guru
Watcher.Guru@WatcherGuru·
JUST IN: NYSE partners with Securitize to develop a 24/7 tokenized securities platform.
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Spurious🦋Spelunker
Spurious🦋Spelunker@SpuriousSpelunk·
@alpha5tate I watched this stream days later but Alpha: super good stream. Thanks for illuminating what's going on within all the public chaos. This is very helpful, I don't notice and wouldn't interpret correctly all these chess moves, this isn't what I'm good at investigating. Thank you.
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Ricki
Ricki@rickicf_·
@negligible_cap Apollo co-president John Zito said in January: “I literally think all the marks are wrong.” Today: Apollo Debt Solutions capped withdrawals at 5% after clients tried to pull 11.2% from a $25 billion fund. Each investor gets back 45 cents for every dollar they asked to redeem.
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The Kobeissi Letter
The Kobeissi Letter@KobeissiLetter·
BREAKING: Apollo has capped redemptions from one of its largest private credit funds after today’s withdrawal requests exceeded 11% of outstanding shares. Cracks in the private credit market seem to be spreading.
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Robbie Ferguson | Immutable
So far this month @Immutable has signed with 2 franchises who have users in the millions. Big things coming.
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Sanders Parker
Sanders Parker@FamousVariety·
@notarealdolphin Indeed. And that network is far bigger than anyone thought. There are several "key players" but each key player also controls many sock-puppet accounts. It's a whole network. Some have been outed publicly at this point, but many have not.
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Michael A.M.E.
Michael A.M.E.@MindandEmotion7·
What is the Epstein network? They are the bankers all connected through $2 trillion of art collateral that is leveraged 10x through fractional reserve lending.
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HousingWire
HousingWire@HousingWire·
Rep. Swalwell drops privacy lawsuit against FHFA’s Pulte dlvr.it/TRfbDx
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ThePPShow
ThePPShow@ThePPseedsShow·
ThePPShow will be live Tuesday March 24th at 2:30PM central. We will be covering the entire market, Bobby, and GME earnings as well. See you all there!
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StockMarket.News
StockMarket.News@_Investinq·
This is CRAZY. Unilever stopped reading your resume years ago. Instead, they make you play video games and it's working better than anything they've ever tried. They put 250,000 job applicants through 12 neuroscience based games before a single human ever looks at their application. The games were built by Pymetrics, a company founded by neuroscientists from Harvard and MIT. Harver acquired them in 2022. The games don't test what you know. They measure how your brain actually works, how you handle risk, how fast you adapt, how you decide under pressure. It cut their hiring time from four months to four weeks and it saved over 50,000 hours of recruiter time. JPMorgan, BCG, Accenture, Mastercard, and McDonald's all use the same platform. Now here is where it gets serious and there is hard science backing all of this. Researchers at three European universities, Liechtenstein, Rotterdam, and Münster ran 40 business students through Sid Meier's Civilization, then put them through a Fortune 500-style management assessment. Students who scored highest in the game also ranked highest in problem-solving, organization, and planning, according to a 2020 study published in the Review of Managerial Science. In 2013, scientists at Queen Mary University of London ran 72 volunteers through 40 hours of StarCraft. The StarCraft group showed a massive improvement in cognitive flexibility, your brain's ability to switch between tasks and think on the fly compared to a group that played The Sims. The statistical evidence was 40 times stronger than what chance would predict. SimCity has been used in university urban planning courses since as far back as the early 1990s, when professors began assigning it to teach systems thinking. Now step back and look at what this all means. Your resume tells an employer what you have done while a video game tells them how your brain actually operates. One is a highlight reel, the other is a live test. The gamification industry is now valued at over $43 billion globally and is projected to reach $172 billion by 2030. This market did not get that large by accident. Companies figured out that traditional hiring was broken. Cover letters measure writing skills, interviews measure charm and neither one measures whether someone can actually think. Games measure thinking and that is why corporations are quietly replacing the old system not with interviews, not with degrees but with joysticks. The Civilization study only had 40 students and that matters. But it was one piece of a much larger pattern across multiple games, multiple labs, and multiple decades of research pointing in the same direction. The resume is not dead yet but its days are numbered.
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Spurious🦋Spelunker
Spurious🦋Spelunker@SpuriousSpelunk·
@alpha5tate what's the recent estimate of Dead Internet Theory now? what percentage of accounts are bots/AI-driven or sock puppets manned by workers? 50%? 70%? More?
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alpha5tate 🇺🇸
alpha5tate 🇺🇸@alpha5tate·
Most online accounts and internet personalities are not your friends.
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The Kobeissi Letter
The Kobeissi Letter@KobeissiLetter·
BREAKING: Gold has officially entered a bear market, now down -22% from its record high.
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Vivek Sen
Vivek Sen@Vivek4real_·
BREAKING: ELON MUSK'S X MONEY SOCIAL PAYMENTS ARE NOW OFFICIALLY LIVE IN BETA BITCOIN ON X. IT’S COMING
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