Fraud investigation is believing your lying eyes

https://www.bitsaboutmoney.com/archive/fraud-investigation/

Fraud Investigation is Believing Your Lying Eyes

The financial industry has paid tens of billions of dollars in tuition on fraud detection. Here are some observations for investigators with badges, press cards, or GoPros.

Bits about Money

> To the extent that Bits about Money has an editorial line on that controversy, it is this: if you fish in a pond known to have 50% blue fish, and pull out nine fish, you will appear to be a savant-like catcher of blue fish, and people claiming that it is unlikely you have identified a blue fish will swiftly be made to look like fools. But the interesting bit of the observation is, almost entirely, the base rate of the pond. And I think journalism and civil society should do some genuine soul-searching on how we knew—knew—the state of that pond, but didn’t consider it particularly important or newsworthy until someone started fishing on camera.

Does Patrick want to address the fact that this happened during school break and that Nick Shirley didn't prove much of anything?

No? He dunks on Shirley. His point is that professional investigators found and documented much worse things.
Except for the part where when asked for proof he laughed off the idea of using convictions as a measure of accuracy.

The entire story of what happened in Minnesota, as agreed on by basically everybody involved including significant chunks of the government of Minnesota, is that convictions are not a reasonable measure of accuracy here. The story is that they didn't pursue fraud prosecutions in proportion to their severity. Responding to that with "but there weren't convictions" is literally just begging the question.

It's very annoying that I feel like I have to say this but: I'm a committed Democrat, and I feel like my anti-Trump anti-racism bona fides, including on this site, are quite solid. The Minnesota thing happened. We can debate the scale, but it happened.

For the record, your "anti-racism bona fides" are not in anyway "quite solid". I'm on record for pointing out the shocking racism in the ways you have denigrated Palestinians on this site, for a couple years now! I can link to multiple examples of this, its not hidden and you did not stop (unless you have gone back and deleted the comments, haven't checked yet!), on the contrary you had dang threaten to ban me.
Also worth pointing out
1) that the shared the religion of many of these Somalis and Palestinians
definitely makes me wonder about your own feelings here
2) the person whose article under discussion, which is very much a white wash of a racist provocateur who is not a "journalist", is one of your own former business partners.
You are free to whine to dang again and get me banned now, but I repeat, you are not in any way someone who should get to stand on your "anti-racism bona fides" especially when the people in question are brown muslims.
As I posted in my last comment to you, and dang, I approached your racism exactly how you ostensibly would want, I gently encouraged you to reconsider, to examine other sources, etc. Hasn't really seemed to have any effect! You still post genocide propaganda and out and out racism, like "All Palestinians actually should just live in Jordan".

> (unless you have gone back and deleted the comments, haven't checked yet!)

Minor point: I'm pretty sure that HN comments cannot be deleted/edited after about an hour. Very different from most web forums in this regard, and worth keeping in mind when digging into past discussions! Maybe the rules are different for a superuser like tptacek here with lots of karma, but I doubt it.

Correct me if I'm wrong.

Nobody can go back and delete comments the way that person is claiming. What a weird thing for him to have said.
I can't help but notice that said other person's profile claims "out of here"; and before this thread, had not commented since October 2024 — in that case also to get in an extended political argument with you specifically. That's quite a grudge to hold.
What can I say? People love me.