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#frank

1 post1 participant0 posts today
Public
Asakiyume

"Listen up," growled Mr. Auclair, so close that Matt could see every bristle of his mustache. "NO MORE activism, or you're fired--understand?"

Matt nodded. He gritted his teeth on his way out as he passed Mr. Cross, the Tesla dealer, on his way in.

"You sort that joker out?" Cross asked.

"We had a full & frank discussion," Auclair said with a grim smile.

But Cross's satisfaction turned to alarm at the sight of a black cloud rising from the parking lot. His car!

#wss366#microfiction#frank
Public *
Chuck Darwin

Even as he has vowed to eliminate “every dollar of waste, fraud, and abuse across the federal budget and operations,”
the new acting administrator of the General Services Administration, #Stephen #Ehikian, has appointed a senior adviser
whose firm used to specialize in tax transactions that a bipartisan Senate committee excoriated and that the IRS branded as “abusive” and among “the worst of the worst tax scams.”

The adviser has been battling the tax agency in court over $4 billion in disallowed deductions for thousands of his clients.

The GSA, the federal agency responsible for managing the government’s land and property,
will now be taking advice from
#Frank #Schuler IV,
the 57-year-old co-founder and longtime president of #Ornstein-#Schuler, an Atlanta-based real estate investment company.

Schuler’s firm was for years among the most prolific promoters of tax-shelter deals known as
“syndicated conservation easements.”

Schuler and his colleagues exploited a tax deduction that was created to reward landowners who give up development rights for their acreage,
usually by donating those rights to a nonprofit land trust.

When used as intended, conservation easements can preserve pristine land,
sometimes as a park that the public can use, and reward the land donor with a charitable tax deduction.

But middlemen like Schuler’s firm turned the tax provision into a highly profitable business,
packaging easements into what were essentially outsized tax deductions for purchase.

After snatching up a cheap piece of vacant land,
Schuler and others typically hired a private appraiser willing to declare that the property had huge untapped development value
— that it was suited to become anything from a gravel mine to a luxury resort
— and was worth many times its purchase price.

They then sold stakes in the easement donation to rich individuals,
who claimed wildly inflated tax deductions based on the appraisal,
cutting their taxes by twice as much as they’d invested.

ProPublica first began investigating the syndicated easement business, which has cost the government tens of billions in tax revenue, back in 2017.
propublica.org/article/frank-s

ProPublicaTrump Vowed to Clean Up Washington, Then His Team Hired a Man Who Pushed a Scam the IRS Called the “Worst of the Worst”
More from ProPublica
Continued thread
Public
☮ ♥ ♬ 🧑‍💻

“Fake it till you make it” VS “Greed is good”

“According to the government, the pair (#CharlieJavice & #OlivierAmar) hired a #DataScientist to create fake accounts showing 4.25 million #customers, even though they knew it had fewer than 300,000. The implication for #investors, whether the trial results in a #conviction or acquittal, is how the massive #WallStreet firm could have missed the warning signs, and whether its #DueDiligence on other #acquisitions was up to the task.”

A #startup valuation secret, eager buyers in a competitive new market.

#Frank / #JPMorgan / #suits / #DumbMoney / #Fake / #greed <smh.com.au/business/companies/> #paywall.

The Sydney Morning Herald · The 31-year-old accused of conning a Wall Street giant in $US175m dealBy Bob Van Voris and Hannah Levitt
Public
Dr Ro Smith

Caught Frankie and Garlic at a bit of play!

This is not the kind of cat video that goes viral, I know, but having watched them kind of courting each other as friends it's really lovely to see them having fun together.

The little hop Frankie gives! That's a happy kitty.

They didn't play long after this as I think Garlic was cold, so we went back inside. But they had already played a bit in his yard.

#GarlicTheCat#Frank#cats
Public
Chuck Darwin

If confirmed in the Senate, the Social Security Administration’s next commissioner will be the wealthy corporate CEO,
Trump and Ron DeSantis donor
and Wall Street “fixer,”
#Frank #Bisignano.

Bisignano is currently the CEO of Fiserv Inc.,
a leading payment processing service;

He has also held positions at Shearson Lehman Brothers and Citigroup,
and was formerly the co-COO of JP Morgan Chase.

In 2017, he was the second-most highly compensated CEO in the nation,
earning over $100 million that year.

Among Social Security experts, advocates and recipients alike, this résumé has not inspired confidence in Bisignano’s prospective tenure.

Republicans, of course, have long had designs on Social Security,
and have sought ways to undermine the program and cut benefits at every turn.

The next Trump presidency has presented an opportunity to press the matter and achieve cuts long considered politically impossible,
thanks to the extreme unpopularity of such a proposal.

There is no indication that Bisignano will refuse to aid Trump and the right as they test the waters and explore various means of sabotaging one of the nation’s most successful, longstanding and crucially important social programs.
truthout.org/articles/trumps-a

Truthout · Trump’s Appointee for Social Security Raises Fears of Austerity and CutsThe Social Security Administration’s incoming head is a Wall Street insider who may help the right slash benefits.
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