In the past 16 months of the #Trump admin, the commission has shrunk its work force, purged career officials, sharply curtailed crypto enforcement & helped out prediction markets at virtually every turn, The Times found.
#CFTC #law #business #oversight #regulation #fraud #MoneyLaundering #PredictionMarkets #crypto #kleptocracy
By Christmas, the agency had put 2 top officials who had raised questions about the companies on leave, barred them from the office & placed them under internal investigation. 3 other senior officials who had enforced laws involving #cryptocurrencies — another industry linked to the #Trumps — suffered the same fate.
#Trump #CFTC #law #business #oversight #regulation #fraud #MoneyLaundering #PredictionMarkets #crypto #kleptocracy
Despite these concerns, Caroline D. Pham, then acting chairman of the commission, and her senior counsel intervened to help the firms get what they wanted, according to people familiar with the situation who spoke on condition of anonymity for fear of repercussions.
#Trump #CFTC #law #business #oversight #regulation #fraud #MoneyLaundering #PredictionMarkets #crypto #kleptocracy
Senior career officials worried about whether Crypto.com was treating small #bettors fairly. They feared that a second firm, #Polymarket, did not have strong enough protections against #fraud. A third, an offshoot of the #crypto firm #Gemini, had yet to pass the agency’s required review to open for business.
#CFTC #law #business #oversight #regulation #fraud #MoneyLaundering #PredictionMarkets #kleptocracy
A growing portion of the agency’s portfolio, prediction markets allow Americans to bet on everything from whether the US will take over Cuba to what color tie Trump will wear next. The moneymaking opportunities were breathtaking, but the companies’ practices were causing a stir.
#Trump #CFTC #law #business #oversight #regulation #fraud #MoneyLaundering #PredictionMarkets #crypto #kleptocracy
#GiftArticle
How #PredictionMarkets & #Crypto Firms Steamrolled a #Watchdog Agency With Trump’s Blessings
Last fall, a high-stakes struggle unfolded inside the red brick walls of an obscure federal agency.
Three companies — each with ties to the #Trump family’s business empire — needed the Commodity Futures Trading Commission [#CFTC] to bless their ambitions in the white-hot field of prediction markets.
#law #business #oversight #regulation #fraud #kleptocracy
https://www.nytimes.com/2026/05/24/us/how-prediction-markets-and-crypto-firms-steamrolled-a-watchdog-agency.html?smid=nytcore-ios-share
How Prediction Markets and Crypto Firms Steamrolled a Watchdog Agency
The Commodity Futures Trading Commission purged its ranks, dialed back its enforcement and boosted industries in which President Trump’s family is heavily invested.
The blog "This Needs Fixin'" looks at systemic problems in our society and suggests ways to address them.
Here's a randomly-selected link to a vintage post from the archive, dated 2026/03/02:
The Business Presidency: Move Fast, Break Laws
https://this.needsfixin.net/2026/03/02/the-business-presidency-move-fast-break-laws#executive #Politics #Law #executive #oversightThe Business Presidency: Move Fast, Break Laws – This Needs Fixin'
Law, Politics, executive, executive oversight
The White House tore down AI rules. Now it’s building new defenses.
The president is expected to sign an order creating a system for the government to vet powerful artificial intelligence models before they are publicly released.
#Trump Plans to Sign #ExecutiveOrder Granting #Oversight of A.I. Models
The executive order, which would signal a shift from the hands-off approach the #WhiteHouse previously took, follows debates over how to gain control over A.I. models without disrupting innovation.
#ai #security #eo
https://www.nytimes.com/2026/05/21/technology/trump-ai-executive-order.html
Trump Cancels Signing of Executive Order Granting Oversight of A.I. Models
The president said he postponed the executive order, which would give the government power to evaluate A.I. models before their release, over concerns about “aspects of it.”
Understanding Nonprofit Fraud: Investigations, Oversight, and Donor Risks
📰 Original title: Nonprofit fraud: Amid high-profile prosecutions, an accountant explains what's really going on
🤖 IA: It's not clickbait ✅
👥 Users: It's not clickbait ✅
View full AI summary: https://en.killbait.com/understanding-nonprofit-fraud-investigations-oversight-and-donor-risks.html?utm_source=mastodon_world&utm_medium=social&utm_campaign=killbait.mastodon_world
#justice #nonprofit #fraud #oversight
Understanding Nonprofit Fraud: Investigations, Oversight, and Donor Risks
Recent high-profile prosecutions of nonprofit organizations have brought nonprofit fraud into the spotlight. In Minnesota, federal authorities prosecuted a major COVID-19 pandemic-related fraud case, where several nonprofits allegedly misappropriated approximately $250 million from a federally funded child nutrition program. Defendants faked meal counts and reimbursement claims, spending the money on luxury items. Similarly, the Department of Justice recently indicted the Southern Poverty Law Center for alleged fraud, highlighting increased federal scrutiny of nonprofits, particularly those engaging in politically sensitive activities.
Nonprofit fraud, defined as misuse of assets, remains difficult to quantify compared to corporate or government fraud. The Association of Certified Fraud Examiners estimates nonprofits lose around 5% of annual revenue to fraud, with an average incident costing about $76,000. Nonprofits are less likely than corporations to provide fraud training, leaving staff less prepared to detect and respond to misconduct.
Fraud can be internal, involving misappropriation of a nonprofit's funds, or external, such as fake charities that solicit donations without performing charitable work. Federal and state authorities share oversight responsibilities, but state enforcement is often limited due to small staff sizes. Donor awareness initiatives sometimes unintentionally discourage nonprofits from investing in fraud prevention. Transparency, reporting, and corrective actions are essential to maintain trust and reduce fraud risks. Increased monitoring can help, but nonprofits must balance oversight with fulfilling their charitable missions.
Nonilex
Needs Fixin'
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