Mastodawn

#ReflectingPool Contract Has ‘#Inflated’ #Profit Margin, Government Analysis Finds

Atlantic Industrial Coatings, the Virginia-based contractor, is being paid $13.1 million, which is seven times the amount that #Trump initially said the work would cost.

The firm that was given a no-bid contract to “repair” the Lincoln Memorial Reflecting Pool, is charging 20%. The typical profit margin is 6% to 12%, internal records show.

#GovernmentWaste #scam #economy
https://www.nytimes.com/2026/05/27/us/politics/reflecting-pool-contractor-trump.html?smid=nytcore-ios-share

Reflecting Pool Contract Has ‘Inflated’ Profit Margin, Government Analysis Finds

The firm that was given a no-bid contract to fix the troubled landmark is charging 20 percent. The typical profit margin is 6 percent to 12 percent, internal records show.

The New York Times

Global News Calgary Apr 7

Edmonton man accused of rolling back odometers, selling vehicles at inflated prices
It's alleged several high-mileage vehicles bought on Facebook Marketplace had their odometer changed by hundreds of thousands of kilometers before being re-sold at inflated prices.
#Consumer #Crime #Edmontoncrime #FacebookMarketplace
https://globalnews.ca/news/11767966/edmonton-facebook-marketplace-vehicle-odometer-fraud-charges/

Global News Apr 7

Edmonton man accused of rolling back odometers, selling vehicles at inflated prices
It's alleged several high-mileage vehicles bought on Facebook Marketplace had their odometer changed by hundreds of thousands of kilometers before being re-sold at inflated prices.
#Consumer #Crime #Edmontoncrime #FacebookMarketplace
https://globalnews.ca/news/11767966/edmonton-facebook-marketplace-vehicle-odometer-fraud-charges/

Global News Edmonton Apr 7

Edmonton man accused of rolling back odometers, selling vehicles at inflated prices
It's alleged several high-mileage vehicles bought on Facebook Marketplace had their odometer changed by hundreds of thousands of kilometers before being re-sold at inflated prices.
#Consumer #Crime #Edmontoncrime #FacebookMarketplace
https://globalnews.ca/news/11767966/edmonton-facebook-marketplace-vehicle-odometer-fraud-charges/

Global News Lethbridge Apr 7

Edmonton man accused of rolling back odometers, selling vehicles at inflated prices
It's alleged several high-mileage vehicles bought on Facebook Marketplace had their odometer changed by hundreds of thousands of kilometers before being re-sold at inflated prices.
#Consumer #Crime #Edmontoncrime #FacebookMarketplace
https://globalnews.ca/news/11767966/edmonton-facebook-marketplace-vehicle-odometer-fraud-charges/

Michael Westergaard Mar 27

Be aware of the #SpaceX #IPO #scam. I’m not talking about spam mails or illegitimate pre-IPO sales. I’m talking about the 100% legal theft being made from YOU right now.

#Musk has manipulated #stock exchanges to allow SpaceX to enter major indices without the grace period normally needed, and will be selling a much lower percentage of stocks than is normal.

This has two consequences, both intended to inflate his gains. Low supply will push up prices while allowing him to keep control and artificially inflating market cap. This along with waiving the grace period means SpaceX is likely to enter into a major stock #index shortly after IPO.

For you this means, your index fund and/or #retirement fund may be forced to invest into the company despite a bad prospect and #inflated price.

You will essentially be forced to subsidize a billionaire with a twitchy right arm.

Make sure your #investment funds and retirement funds do not give your hard-earned money to a man whose only defense against being called a #Nazi is to well-actually.

CBC Manitoba Mar 11

Auditor shows inquiry how he determined city paid $45-50M in excess claims for police HQ
Quotes that appear inflated, a flurry of invoices written up in a 60-minute span, and billings submitted from a company that didn’t have workers are among the findings forensic accountant Victor Neufeld presented to the Winnipeg Police Service headquarters inq...
https://www.cbc.ca/news/canada/manitoba/auditor-shows-inquiry-how-he-determined-city-paid-45-50m-in-excess-claims-for-police-hq-9.7123436?cmp=rss

Hacker News Feb 25

Amazon Busted for Widespread Scheme to Inflate Prices Across the Economy

https://www.thebignewsletter.com/p/amazon-busted-for-widespread-price

#HackerNews #Amazon #Inflated #Prices #PriceGouging #Economy #NewsTech #ConsumerRights

Amazon BUSTED for Widespread Scheme to Inflate Prices Across the Economy

California Attorney General Rob Bonta alleged Amazon led a price-fixing conspiracy of online retailers to inflate prices across the entire economy. And he's demanding an immediate halt.

BIG by Matt Stoller