Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud

“Interviews with more than two dozen customers who had their money stolen through Zelle illustrate the weaknesses that criminals are using in targeting the network.”

Read more: https://www.nytimes.com/2018/04/22/business/zelle-banks-fraud.html

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CIA’s legacy of torture lives on in Thailand’s ‘black site’

“There has never been an investigation into the Thai officials or agencies involved in the CIA’s covert detentions, which continued until at least 2004 and probably violated national laws.”

Read more: http://www.latimes.com/world/asia/la-fg-thailand-cia-haspel-2018-htmlstory.html

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Federal cannabis legalization bill introduced

“Under the new bill, marijuana would be removed from the list of substances classified under the Controlled Substances Act.  Schumer’s legislation would leave in place decisions by states on how to regulate marijuana.”

Read more: https://www.cnn.com/2018/04/19/politics/schumer-marijuana/index.html

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Trump administration abandons crackdown on legal marijuana

“The Trump administration is abandoning a Justice Department threat to crack down on recreational marijuana in states where it is legal, a move that could enable cannabis businesses in California and other states that have legalized pot to operate without fear of federal raids and prosecution.”

Read more: http://www.latimes.com/politics/la-na-pol-marijuana-trump-20180413-story.html

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India bank run underway after $2B scam at state-run bank prompts bailout bill

“Indians are concerned that a proposed bill, which gives regulators the option to use public deposits to bail out a bank that goes bust, is pushing individuals to hoard cash. The government has repeatedly issued statements to assure the public that their money would be safe.  These concerns are heightened by news that emerged in February of a $2 billion fraud at state-run Punjab National Bank, where a jeweler allegedly colluded with a bank employee to siphon off money before leaving the country.”

Read more: https://www.bloomberg.com/news/articles/2018-04-18/-risky-cash-crunch-pushes-india-to-defend-its-scam-hit-banks

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George Soros Prepares to Trade Cryptocurrencies

George Soros called cryptocurrencies a bubble in January. Now his $26 billion family office is planning to trade digital assets.”

Read more: https://www.bloomberg.com/news/articles/2018-04-06/george-soros-prepares-to-trade-cryptocurrencies-as-prices-plunge

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What the Founding Fathers’ Money Problems Can Teach Us About Bitcoin

“Can you trust something that’s summoned into being, without a government backing it?  As it turns out, this is precisely the conundrum that early Americans faced.”

Read more: https://www.smithsonianmag.com/innovation/founding-fathers-money-problems-bitcoin-180968393/

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Grand theft auto — by the U.S. government

“The next time someone warns about the potential for domestic abuse of supposed national security measures, do not dismiss him or her as a neurotic libertarian.”

Read more: https://www.washingtonpost.com/opinions/grand-theft-auto–by-the-us-government/2018/04/04/6a079e94-3762-11e8-8fd2-49fe3c675a89_story.html

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Anti-gun police force robbed homeless people, resold confiscated drugs

“An elite police squad robbing its own citizens, stealing thousands of dollars and re-selling confiscated drugs — all seven cops were on the Baltimore Police Department’s Gun Trace Task Force.”

Read more: http://www.dailymail.co.uk/news/article-5576217/How-extra-GPS-tracker-took-Baltimores-Gun-Trace-Task-Force.html

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Weed Is Serious Business for Canada’s Go-To Pot Banker

“Canada may offer the sharpest glimpse of the future—and the business opportunities—for financial-services companies willing to take the risk.”

Read more: https://www.bloomberg.com/news/features/2018-04-03/weed-is-serious-business-for-canada-s-go-to-pot-banker

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