med-mastodon.com is one of the many independent Mastodon servers you can use to participate in the fediverse.
Medical community on Mastodon

Administered by:

Server stats:

415
active users

#fraud

42 posts38 participants0 posts today

OpenAI Is A Systemic Risk To The Tech Industry wheresyoured.at/openai-is-a-sy

'It's also important to note that absolutely nobody other than NVIDIA is making any money from generative AI. CoreWeave loses billions of dollars, OpenAI loses billions of dollars, Anthropic loses billions of dollars, and I can't find a single company providing generative AI-powered software that's making a profit. The only companies even close to doing so are consultancies providing services to train and create data for models like Turing and Scale AI — and Scale isn't even profitable.'

Ed Zitron's Where's Your Ed At · OpenAI Is A Systemic Risk To The Tech IndustryBefore we go any further: I hate to ask you to do this, but I need your help — I'm up for this year's Webbys for the best business podcast award. I know it's a pain in the ass, but can you sign up and vote for Better Offline? I have

Misleading claims about social welfare fraud spark controversy. House Speaker Mike Johnson's recent comments on Fox suggest significant cuts could come from addressing Medicaid fraud. However, the article highlights that most fraud originates from provider misconduct, not beneficiaries. This narrative raises moral concerns and contradicts the values of supporting the needy. For clarity on the impact of these claims, explore the full analysis [here](crooksandliars.com/2025/04/spe). #Medicaid #Welfare #Fraud #SocialPrograms #Politics. Kudos to the writer for shedding light on this crucial issue.

Crooks and Liars · Speaker Johnson Lies About Medicaid Fraud To Justify GOP Plans To Gut ItBy Heather
Continued thread

It said it had saved exactly $318,310,328.30.

#Musk’s group has now triggered mass #firings across the government, & sharp cutbacks in #humanitarian #aid around the world. Musk has justified those disruptions with two promises: that the group would be transparent, & that it would achieve budget cuts that others called impossible.

Now, watching the group pare back its aims & puff up its progress, some of its allies have grown doubtful about both.

Continued thread

One of the group’s largest claims…involves canceling a contract that did not exist. Although the govt says it had merely asked for proposals in that case, & had not settled on a vendor or a price, #Musk’s group ignored that uncertainty & assigned itself a large & very specific amount of credit for canceling it.

#DOGE Is Far Short of Its Goal, & Still Overstating Its Progress

#ElonMusk now says his group will produce only 15% of the savings it promised. But even that estimate is inflated with errors & guesswork.

…when #Musk’s group tallies up its savings so far, it inflates its progress by including billion-dollar errors, by counting spending that will not happen in the next fiscal year—& by making guesses about spending that might not happen at all.

#Fraud #law #Trump
nytimes.com/2025/04/13/us/poli

Elon Musk’s Department of Government Efficiency has produced an accounting of impressive-sounding budget cuts using inflated and speculative figures, even claiming credit for canceling a contract that did not exist.
The New York Times · DOGE Is Far Short of Its Goal, and Still Overstating Its ProgressBy David A. Fahrenthold
Replied in thread

@Snowshadow

They should not be let off the hook that easily. IMO prosecution for attempting to defraud the government would be in order. Even if they can make it plausible that this was really due to incompetence and disorganization, and not to criminal intent, that would be an excellent result too 😜

#Tesla#Musk#Canada

Wow, I know this guy. Dan Carpenter was very active in the #sfba #cars community. Pretty shocking to learn that he’s charged with leading a group of people to scam insurance companies for commissions. I guess that’s how he afforded all those cars.

#crime #fraud

“Five defendants charged in multi-million-dollar life insurance fraud case”

insurance.ca.gov/0400-news/010

www.insurance.ca.govFive defendants charged in multi-million-dollar life insurance fraud case

I got a call from a very good scammer last night. He knew my name and my bank. Caller ID was my bank's number. Said there had been suspicious activity on my account. Listed 2 large transactions that I hadn't made. Said they would cancel my card and reissue a new one.

Until then it all sounded legit. Then he asked for the last 8 digits of my credit card.

I said I would call the bank directly. Sure enough, scam.

Turns out a relative fell for the same one last month.