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Waste Of The Day: Millionaire Mortgages
Waste Of The Day: Millionaire Mortgages
Authored by Jeremy Portnoy via RealClearInvestigations,
The Department of Agriculture's Section 502 loan programs help low-income families buy homes with mortgages that don't require a down payment. But in 2013, an investigation by Reuters found dozens of millionaires took advantage to purchase vacation and rental homes.
Though the millionaires later repaid their loans, the program as a whole covered $500 million in losses from defaults in 2013, or $715 million in today's money.
That's according to the "Wastebook" reporting published by the late U.S. Senator Dr. Tom...
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Aug 13, 2026 / Tyler Durden
11 Charged In Immigration Scheme Involving Over 1,000 Sham Marriages
11 Charged In Immigration Scheme Involving Over 1,000 Sham Marriages
Authored by Jackson Richman via The Epoch Times,
The Department of Justice (DOJ) has charged 11 people with allegedly helping foreign nationals, primarily Chinese nationals, to obtain green cards through a marriage fraud scheme, according to an indictment unsealed on Aug. 12.
The people behind the alleged scheme were all naturalized U.S. citizens originally from China and one green card holder, according to Attorney General Todd Blanche. The defendants have been charged with conspiracy to commit marriage fraud and immigration fraud, and...
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Jul 5, 2026 / Tyler Durden
Russia's Buffer Zone On Ukrainian Border 'Expanding' As Result Of Worsening Drone Attacks: Kremlin
Russia's Buffer Zone On Ukrainian Border 'Expanding' As Result Of Worsening Drone Attacks: Kremlin
Russia has announced that one key measure that will be taken in response to Ukraine's ramped-up drone attacks on Russian territory, including last month's major strikes on the Moscow area, is the significant expansion of the border 'buffer zone' between the waring countries.
"A security buffer zone on the Russian-Ukrainian border is conditioned by the aggressive nature of the Kiev regime and the Russian military is engaged in this process systematically reaching the appropriate progress," presidential spokesman...
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May 14, 2026 / Tyler Durden
Minnesota 'Culture Of Fraud' Enabled More Than $9 Billion In Misused Taxpayer Funds, Panel Says
Minnesota 'Culture Of Fraud' Enabled More Than $9 Billion In Misused Taxpayer Funds, Panel Says
Authored by Janice Hisle via The Epoch Times (emphasis ours),
A “culture of fraud” infected Minnesota state agencies, resulting in more than $9 billion in taxpayers’ money squandered, a new legislative report says.
State Rep. Pam Altendorf listens as fellow Republican Rep. Isaac Schultz discusses a report released at a meeting of a fraud prevention committee in the Capitol in St. Paul, Minn., on May 13, 2026. Livestream from the Minnesota House of Representatives/Screenshot via The Epoch...
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