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02.04.26 - 01:36
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Minnesota Judges Enabling Somali Fraud Epidemic With Slaps On Wrist (ZeroHedge)
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Minnesota Judges Enabling Somali Fraud Epidemic With Slaps On Wrist
The Feeding Our Future fraud is the largest pandemic-relief theft in American history - $250 million stolen, mostly by Somali immigrants who fabricated meal counts and pocketed federal child nutrition funds.
The prosecutions have dragged on for years.
Now that sentences are finally coming down, a troubling pattern is emerging: the punishments don't seem to fit the crime.
U.S. District Judge Nancy Brasel — nominated to the bench in 2018 through a package deal between the first Trump administration and Minnesota's Senate Democrats — has been at the center of two recent sentencing decisions that have taxpayers seething.
On March 29, she sentenced Abdul Abubakar Ali to one year and one day in prison. Ali ran a shell company called Youth Inventors Lab under Feeding Our Future's sponsorship, orchestrated $3 million in fraud, submitted fake invoices claiming more than one million meals served, and served none. Federal sente...
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02.04.26 - 01:18
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Stocks Extend Rally on War-End Optimism | The Close 4/1/2026 (Bloomberg)
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are American Century Investments' Rich Weiss, CSIS Senior Adviser Michael Ratney, Novo Nordisk's Jamey Millar, Former Boston Fed President Eric Rosengren, Coinshares CEO Jean-Marie Mognetti, Franklin Templeton Investment Solutions' Berkeley Belknap, Academy Securities' Peter Tchir, National Center for Energy Analytics' Neil Atkinson, Lockheed Martin Space President Robert Lightfoot, & Harbourvest Partners CEO John Toomey. (Source: Bloomberg)...
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02.04.26 - 00:01
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Bitcoin Price Prediction as Miners Spend $80,000 to Produce One Bitcoin (24/7 Wall St.)
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Bitcoin (CRYPTO: BTC) miners are the most committed crypto believers as they stake their entire businesses on the idea that Bitcoin is worth producing. Right now, it is costing them more to mine a single coin than that BTC is worth. According to CoinShares' Q1 2026 mining report, the average publicly listed miner spent roughly ... Bitcoin Price Prediction as Miners Spend $80,000 to Produce One Bitcoin
The post Bitcoin Price Prediction as Miners Spend $80,000 to Produce One Bitcoin appeared first on 24/7 Wall St.....
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01.04.26 - 22:54
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Would more North Sea drilling mean lower energy prices for UK consumers? (The Guardian)
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Kemi Badenoch claims increased UK oil and gas production would cut bills by £200, but critics say plan won't workOil prices hit $100 a barrel soon after the US and Israel launched their attack on Iran, and though prices have wobbled since, ongoing supply issues from the partial closure of the strait of Hormuz mean they could leap higher, to $150 a barrel or more, by some estimates.The impacts could be severe – not just increases in the price of petrol, and oil for home heating, but also in the cost of gas, with knock-on inflationary pressures on food, consumer goods and industrial components. Continue reading......
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01.04.26 - 22:01
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McCormick Acquires Unilever Food Arm in $44.8B Merger (Bloomberg)
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Bloomberg's Eric Pfanner joins Dani Burger on "Bloomberg Deals." Unilever agreed to combine its food business with spice maker McCormick in a $44.8 billion deal that will create a global seasonings, sauces and condiments company. (Source: Bloomberg)...
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