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Tuesday, September 29, 2026

UAE's Next $25 Billion Bet On India Includes Energy Sector

 by Tsvetana Paraskova via OilPrice.com,

The United Arab Emirates has expressed intent to invest another $25 billion in India, including in the energy sector, Indian Commerce and Industry Minister Piyush Goyal said at a high-level meeting in Mumbai.

The UAE has already invested about $25 billion in India and has signaled its intent to invest another $25 billion in the near term, the Indian minister said at the 14th Meeting of the India-UAE High Level Joint Task Force on Investments.

The UAE ultimately targets to have $100 billion invested in India in the long term, according to the minister.

The UAE-India meeting was co-chaired by Sheikh Hamed bin Zayed Al Nahyan, managing director of Abu Dhabi Investment Authority (ADIA), and was attended by Thani bin Al Zeyoudi, the Emirati Minister of Foreign Trade.

The Indian minister noted that he held "productive discussions on further strengthening our robust trade & investment partnership, with a focus on advancing cooperation across energy, infrastructure, logistics, advanced technology, food security and other priority sectors."

ADIA's Al Nahyan and the Indian minister also discussed "accelerating the India-UAE economic partnership and fully leveraging the Comprehensive Economic Partnership Agreement (CEPA), a landmark framework driving trade, investment, and building resilient supply chains," Goyal said.

The India-UAE bilateral trade has doubled to $100 billion since the countries signed the CEPA deal four years ago. Now they plan to double this again to $200 billion by 2032, India's Goyal said at the investment task force meeting.

Earlier this year, at the peak blockage of the Strait of Hormuz in May, India signed a strategic agreement with the United Arab Emirates to receive liquefied petroleum gas from the UAE, as well as a Memorandum of Understanding (MoU) on strategic petroleum reserves.

Indian Prime Minister Narendra Modi signed the LPG supply deal and the strategic reserves pact during a quick two-hour visit to the UAE in the middle of May, as India was scrambling to ease energy supply pressures that began to hit its economy.

https://www.zerohedge.com/energy/uaes-next-25-billion-bet-india-includes-energy-sector

'Greece, France Consider Rerouting GSI Cable Around Türkiye’s Marine Park'



Athens and Paris are discussing a limited change to the Great Sea Interconnector’s route after Türkiye declared a marine park near Kastellorizo. Surveys east of Kasos remain unfinished, and no date has been set for their resumption.

Greece and France are considering shifting the Great Sea Interconnector route to avoid a marine park declared by Türkiye near Kastellorizo (Meis).

The possible adjustment follows Türkiye’s August 15 declaration of the Fethiye-Kaş marine park.

Athens and Paris see a limited route change as a way to reduce the risk of Türkiye seeking to halt work in the area, as they seek a way to resume work on the Crete-Cyprus power cable.
A Route Under Review

The proposal remains under discussion, according to Kathimerini.

The sources described it as a “light redesign” and said avoiding the park would be a practical measure, rather than an acknowledgment of Turkish authority over the cable project.

Athens and Paris intend to notify Türkiye of survey activity rather than seek its permission, citing their interpretation of the U.N. Convention on the Law of the Sea.

Ankara, according to the sources, maintains that notification alone is insufficient and that its approval is required.

French involvement has grown. Meridiam took a 66% stake in the project in August, Nexans is set to lay the cable, and a French-flagged vessel is expected to conduct survey work.
Surveys Still Outstanding

About 40% of seabed surveys remain unfinished in sensitive waters east of Kasos.

Turkish warships interrupted work there in 2024, and no date has been fixed for a new survey attempt.

The project also faces skepticism in Greek Cyprus, where its geopolitical risks and expected benefits have been questioned.

Greece is separately considering extending its territorial waters to 12 nautical miles south and west of Crete before surveys resume east of Kasos and Karpathos.

Sources said Athens sees that step as a way to assess Türkiye’s response.

Decisions on the cable route and territorial waters could come before the end of the year, depending on regional and international conditions.

Neither a route change nor a new survey schedule has been finalized.

Great Sea Interconnector is a massive ongoing subsea high-voltage power project designed to link the electricity grids of Greece, Cyprus, and eventually Israel.

The Industrialization Of Fraud: How Global Scam Farms Are Evolving To Target Your Wealth

 by Adam H. Douglas via The Epoch Times (emphasis ours),

Financial fraud has morphed into a massive, highly organized global industry powered by transnational scam farms. These industrial-scale operations are largely concentrated in Southeast Asia but are rapidly expanding their reach to target your wealth.

These syndicates are becoming much more sophisticated. They deploy advanced psychological tactics and emerging technologies to drain your life savings.

But how does this brutal business model work? And what are some actionable consumer defense strategies you can employ to protect your finances?

Quick Answer: How Do Scam Farms Work?

Scam farms are organized fraud syndicates, and one of the most popular techniques they use is a devastating, long-term confidence trick coined a pig-butchering scam. Scammers spend months building deep personal trust with you, metaphorically “fattening” you up with fake initial investment profits before stealing your entire principal. These operations are rarely run by lone hackers - they are orchestrated by massive, industrial-scale scam farms often located in Cambodia and Myanmar, but slowly spreading to many other countries.

Global scam farms operate like illicit corporations with specialized teams for different stages of the fraud. Alarmingly, many front-line workers in these compounds are victims of human trafficking, forced into labor under the threat of violence.

The Rise of Industrial-Scale Fraud Compounds

The volume of money moving through these transnational fraud syndicates is staggering.

Recently, the United States Financial Crimes Enforcement Network (FinCEN) identified approximately $12.7 billion in suspicious financial activity tied to digital asset investment scams over a two-year period. This highlights how overseas scam centers have become a structural threat to the global financial system.

Law enforcement agencies are pushing back, but the criminals continuously adapt.

Following major international enforcement efforts and crackdowns launched in Cambodia throughout 2025 and 2026, many scam operators simply relocated their headquarters. They bribe local officials and employ professional money launderers to move stolen funds through complex networks of offshore stablecoin exchanges.

The average American is up against a multi-billion-dollar shadow industry, making extreme caution necessary.

The Anatomy of a Long-Term Crypto Investment Scam

modern scam farms utilize a slow, methodical approach to social engineering. The process begins with a seemingly innocent mistake, such as a text message from a wrong number or a match on a dating application.

If you reply, the scammer initiates a friendly conversation. Over weeks, they cultivate a relationship, posing as a successful entrepreneur.

Once trust is firmly established, they casually introduce the topic of cryptocurrency investing. To build credibility, they direct you to download a trading platform that looks entirely legitimate.

You're encouraged to start with a small deposit, and the platform will show fabricated, extraordinary returns. Once you deposit a substantial portion of your wealth, the platform freezes your account, the scammer vanishes, and your funds are instantly funneled into the syndicate's wallets.

How Scammers Use Artificial Intelligence to Scale

Global scam farms are increasingly integrating artificial intelligence into their operations. AI allows criminal networks to scale their reach exponentially without sacrificing personalization.

  • Previously, a scammer could only manage a few victims due to language barriers.
  • Now, syndicates use large language models to automate thousands of interactions simultaneously.
  • These tools instantly translate messages into flawless English, eliminating grammatical errors.

Scammers also utilize AI-generated deepfakes. If you ask to verify their identity on a video call, they use real-time face-swapping software to appear exactly like the stolen photographs used to build their fake profile.

Actionable Consumer Defense: Red Flags to Watch For

Defending your wealth requires vigilance and an understanding of behavioral red flags rather than purely technical indicators. Here are the critical warning signs:

  • The Accidental Text: Unsolicited messages claiming to be a wrong number that pivot into a friendly conversation are almost certainly scam attempts.
  • The Rush to Private Messaging: Scammers quickly move conversations away from monitored dating applications and onto encrypted messaging services.
  • Too Good to Be True Returns: Anyone guaranteeing consistent, risk-free returns in the cryptocurrency market is lying.
  • Unfamiliar Trading Platforms: If you're instructed to use a specific, obscure trading application you can't verify independently, it's likely a fraudulent platform.
  • High-Pressure Tactics for Taxes: When you attempt to withdraw your funds and the platform demands an upfront tax using additional funds, this is typically the final phase of the theft.

FAQs: Global Scam Farms

What Is a Pig-Butchering Scam and How Does it Work?

A pig butchering scam is a devastating fraud tactic where criminals build trust with a victim over an extended period. The scammers initiate contact through dating applications or accidental text messages, eventually moving the conversation to investments. They convince you to deposit money into a fraudulent cryptocurrency platform that displays fake profits. This creates a false sense of security, encouraging you to invest larger amounts. Once you attempt to withdraw your money, the scammers lock your account and disappear, taking your entire investment with them. These scams are highly organized and designed to drain your life savings methodically.

What Are the Red Flags of a Crypto Investment Scam?

The primary red flag of a crypto investment scam is an unsolicited online contact who eventually steers the conversation toward finance. Be extremely wary if someone guarantees high returns with zero risk or pressures you to act quickly on an insider tip. Another major warning sign is being directed to download an unfamiliar trading application that cannot be found on official app stores or verified by independent financial authorities. Asking you to pay an additional, unexpected tax or fee just to withdraw your own money is another hallmark of a scam.

Can You Recover Funds Lost to a Global Fraud Syndicate?

Recovering funds lost to a global fraud syndicate is exceptionally difficult and extremely rare. These organizations often employ professional money launderers who can move your deposits through complex networks of offshore stablecoin exchanges and cryptocurrency mixers - the funds are nearly impossible to trace or freeze. You should report the crime to the FBI's Internet Crime Complaint Center and local law enforcement, but the money is likely gone. One more note: be highly suspicious of secondary "recovery companies" that contact you promising to retrieve your money for an upfront fee, as these are often the same scammers looking for a bonus score.

What Is FinCEN Doing About International Scam Compounds?

The Financial Crimes Enforcement Network is actively working to disrupt international scam compounds by tracking the illicit flow of money. FinCEN collects and analyzes suspicious activity reports from domestic financial institutions to identify the money laundering networks used by these syndicates. They recently identified billions of dollars linked to overseas scam centers and issued alerts urging banks to monitor for specific transaction patterns. Furthermore, FinCEN shares this critical financial intelligence with international law enforcement partners to coordinate global crackdowns, freeze criminal assets where possible, and dismantle the financial infrastructure that allows these transnational organizations to operate and profit.

https://www.zerohedge.com/personal-finance/industrialization-fraud-how-global-scam-farms-are-evolving-target-your-wealth

Fauci diary reveals alarm that U.S. had aerosolized Ebola virus: ‘Never should have been done’

By Steven Richards and John Solomon

 Newly released memos reveal Dr. Anthony Fauci’s private alarm over Army biodefense experiments with Ebola and their results, which he worried would erode public trust in vaccines. His concern predated the COVID lockdown by almost four years. Ebola is not only deadly, but reports show a death rate 50 times that of COVID.

Dr. Anthony Fauci privately sounded the alarm when he learned the U.S. Army had conducted an experiment a decade ago that aerosolized the lethal Ebola virus, which is not normally transmitted by air, and then shared the results publicly amid an ongoing outbreak in Africa, according to diary entries obtained by Senate Homeland Security Committee Chairman Rand Paul. 

The then-top scientist at the National Institute of Allergy and Infectious Disease was particularly concerned in 2016 that the Army medical research arm's experiment seemed to show that exposure to aerosolized Ebola caused more damaging effects in subjects that had been vaccinated. This was almost four years before he championed shutting down the U.S. economy and social life over the COVID-19 virus outbreak.

Fauci wrote he believed such research should be kept secret, preferably classified, so that it didn’t undermine public confidence in vaccination in the African countries suffering an outbreak of the virus. 

“What idiots those guys at USAMRIID [U.S. Army Medical Research Institute of Infectious Diseases] are,” Fauci wrote in a March 2016 diary entry. “This should have been a classified experiment that never should have been done in the first place.”

He added, “Now I have to speak with the NSC [National Security Council] from the SKIF [sic] tomorrow to pick up the doo-doo and explain why this is an irrelevant experiment.” Fauci was likely referring to a "SCIF" which is a room designed to prevent leaked electronic communications. 

The entry is the latest evidence to chronicle how widespread dangerous U.S. research on viruses has become, following revelations earlier this year from the Director of National Intelligence that the U.S. has funded scores of pathogen labs across the globe, including in war zones.

President Donald Trump recently signed an executive order mostly banning gain-of-function research that enhances viruses to make them more deadly to humans.

Paul told Just the News he believed the new diary entries reveal an effort by the federal government to hide dangerous research rather than stop it.

“These records show NIAID was funding risky research with the Defense Department, and when the results turned problematic, Dr. Fauci argued they should have been classified," Paul said."The email he sent demanding answers went to his longtime special assistant, who has since declined to answer the Committee's questions.

"Americans deserve to know what kind of risky research their taxpayer dollars are funding. It is clear additional oversight is needed into what Dr. Fauci's institute was paying for long before COVID," he added. "This is exactly why Congress should pass the Risky Research Review Act. Under my bill, an independent board of outside scientists would have to review research like this before a single taxpayer dollar went out the door.“

At the time of the Ebola experiment, the United States was planning to deploy vaccines to West Africa to address the ongoing Ebola outbreaks there. Fauci noted that African officials from Liberia, Guinea, and Sierra Leone were “going batshit” because they were concerned the U.S. would deploy ineffective vaccines in their countries. 

Fauci’s diary and communications were obtained by Paul as part of his committee’s ongoing investigation into COVID-19 origins, dangerous viral research and alleged cover-ups. The latest memos, which the senator plans to release on Monday, were shared with Just the News. 

You can read the latest release below: 

The inescapable irony of Fauci: “If someone does not tell me the truth and I find out they did not, then they are gone.”

Days after he found out that NIAID had funded the aerosol studies, Fauci emailed a subordinate, demanding all information about his agency’s collaboration with the Army medical researchers, and threatened to fire anyone who was not forthcoming. 

“I have to meet with the NSC people later this AM. And so, please, please make sure that you or the people from whom you get this information tell me the truth, the whole truth and nothing but the truth. Do not tell me what you think I want to hear or hold back what you think will upset me. No one will get hurt if they made a mistake, but then they told me the truth,” Fauci wrote. “If someone does not tell me the truth and I find out they did not, then they are gone.”

Paul summoned Fauci to testify before his committee, but the retired top doc refused to answer most questions by invoking his Fifth Amendment right against self-incrimination. Paul's panel referred Fauci to the Justice Department for possible prosecution for contempt of Congress. Fauci was granted a pardon by President Biden, leading some constitutional experts to insist that Fauci does not have the right to invoke the Fifth Amendment.

More evidence of document destruction appears

The latest batch of Fauci diary entries and communications come as Paul says his committee is continuing to uncover fresh evidence of government-document destruction and more extensive gain-of-function research that enhances the human lethality of viruses. 

Using aerosolized viruses to test infection pathways, which is what government researchers were doing with the Ebola virus back in 2016, is not considered a form of gain-of-function research by scientists. Gain-of-function research specifically requires researchers to conduct genetic alterations to the underlying virus.

The newly released memos, which include diary entries and internal emails, show that Fauci was particularly worried about how the researchers’ findings, that test animals vaccinated against the Ebola virus experienced greater levels of inflammation compared to those that were unvaccinated when exposed, may impact public confidence in vaccines. 

“During the course of those experiments, the DOD noticed that the animals that were vaccinated had more inflammation in the long [sic] then [sic] those who were unvaccinated even though almost all the aerosol-challenged [sic] animals died,” Fauci wrote in a later entry. “The current experiments were done to find out if this was a real phenomenon and if it was relevant. Again, I believe all of this is important for bio-defense, but has little to do with naturally emerging Ebola outbreaks. Nonetheless, the idea that the vaccine can do harm is now causing people a great deal of concern.” 

The emails show that NIAID funded the aerosol studies at the Army’s laboratory and helped design the Ebola study. “The study was conducted at the Army's infectious disease institute at Fort Detrick under a NIAID task order, comparing four vaccines in groups of four monkeys exposed to aerosolized Ebola -- an engineered exposure that drove the virus deep into the lung in a way natural infection would not,” the Senate committee said in a fact-sheet attached to the new memos. 

A share of blame goes to Dept. of Defense and NIAID

The memos also show that NIAID researchers never considered that the research should be classified until Fauci was informed of the results of the experiment and raised the alarm. As Fauci blamed “the foolish DOD people” for circulating the data within the government and U.S. embassies, he told his colleagues that the research should be classified because they “could indicate a vulnerability.” However, the records show that NIAID and Army researchers never considered that such research would require classification. In fact, the researchers said that some results had already been shared with vaccine manufacturers. 

The chain of emails exchanged during the Ebola research saga also appears to contain a reference to federal coronavirus research, which has piqued the committee’s interest. “In the interim, however, we will continue to make plans to initiate the CoV study as soon as the lights turn green,” wrote NIAID scientist Peter Jahrling. 

It is unclear whether “CoV” means coronavirus. At the time, scientists were interested in studying the coronavirus family after the outbreak in 2012 of MERS-CoV, which causes Middle East Respiratory Syndrome. Later that same year, North Carolina-based scientists announced their research showed such coronaviruses are lurking in Chinese bats and could jump to humans. 

Fauci's culture of secrecy, still supported by Congressional Dems

Fauci’s diary has landed the ex-health official in hot water. During his time as the leading government health official during the COVID-19 pandemic, Fauci kept a meticulous record of his meetings, phone calls, and other day-to-day activities. Last month, the committee released memos showing he privately believed that the death rate of COVID-19 was much lower than he told Congress just one month later, Just the News previously reported. 

Paul said he has found more evidence of the culture of secrecy inside Fauci's inner circle, including possible destruction of documents mentioned by his then-assistant. Government emails are generally required to be preserved under the Federal Records Act. It is for this reason that Paul sought to secure legal immunity for the long-time aide who wanted to blow the whistle on that culture. Federal law allows congressional committees to seek such a court order, but only by a two-thirds majority vote of the committee. Because the panel voted 8-7 along party lines, the Democrats effectively sunk the resolution. 

Paul declined to identify the aide, but previously said she expressed concern about testifying without legal immunity. The senator previously subpoenaed the assistant to appear before the committee for a closed-door meeting, but she invoked her 5th Amendment rights and declined to answer the committee's questions.

https://justthenews.com/government/congress/fauci-alarmed-over-us-army-ebola-tests-funded-his-own-agency-diary-entries-and

ACA subsidy lapse slows procedures at nearly 1 in 4 hospitals: Survey

 Nearly 1 in 4 hospital executives say the expiration of enhanced ACA subsidies has begun to slow procedure volumes at their facilities, according to a Sept. 23 Evercore ISI survey shared with Becker’s.

Evercore ISI is an independent equity research, sales and agency trading division of the investment banking advisory firm Evercore. The firm surveyed 25 CEOs, CFOs and medical directors from hospitals with more than 150 beds between Sept. 8 and Sept. 17.

Twenty-four percent of respondents reported seeing some slowdown in procedures, and 56% said volumes could take a hit within six to 12 months. Twenty percent expected no impact.

Of those reporting slowdowns, the five most commonly affected procedures were:

  • Hip and knee replacements 
  • Aortic and mitral valve replacement 
  • Left atrial appendage closure 
  • Laparoscopic surgery 
  • GI endoscopy and colonoscopy 

The findings follow earlier signs of softening surgical demand from some large for-profit health systems. Nashville, Tenn.-based HCA Healthcare’s inpatient elective surgery volume fell 6% year over year in the second quarter. At a Sept. 15 industry event, HCA CFO Mike Marks cited patients moving from exchange coverage to uninsured status as the primary driver of the system’s elective surgery slowdown. 

https://www.beckershospitalreview.com/finance/aca-subsidy-lapse-slows-procedures-at-nearly-1-in-4-hospitals-survey/

Mirum puts Hepcludex in its sights with hep D readout

 Gilead Sciences' Hepcludex became the first drug to be FDA-approved for chronic hepatitis D virus (HDV) infections in May – but a potential rival from Mirum Pharma is already looming on the horizon.

Foster City, California-based Mirum has revealed topline results from the phase 3 AZURE-1 trial of brelovitug in chronic HDV, which show that the drug hit its primary objective, driving levels of the virus below the limit of detection and normalising levels of ALT, a biomarker for liver damage, at 24 weeks.

The data drop also includes 48-week data from the phase 2b portion of AZURE-1, which suggested the benefits on viral suppression and liver damage were maintained with longer follow-up. There was a 100% virologic response among patients treated for 48 weeks with brelovitug, which was dosed as a once-weekly or once-monthly subcutaneous injection in the trial.

HDV exists only as a co-infection with hepatitis B virus (HBV) and occurs in around 5% of the estimated 254 million people around the world who are chronically infected with HBV – almost 13 million people. Co-infection is serious, however, as having both HBV and HDV increases the risk of progression, liver disease-related death, and liver cancer.

Brelovitug is an antibody that binds to hepatitis B surface antigen (HBsAg) on both HBV and HDV and is designed to neutralise and remove both viruses. It has a different mechanism of action from Hepcludex (bulevirtide), a viral entry inhibitor that is dosed by subcutaneous injection once a day and has been approved in Europe since 2020.

Before the Hepcludex approval, the only approved option for HBV/HDV patients in the US was a course of pegylated interferon alpha, which takes 48 weeks to complete and isn't very effective. A rival drug from Huahui Health, called libevitug, has been launched in China and targets the PreS1 protein on HBV and HDV.

The new data puts Mirum a little closer to its first marketing applications for brelovitug, and the company has said it is working towards an FDA filing in the first half of 2027, with a potential approval and launch in the latter half of the year.

There are around 15,000 US patients diagnosed with, and under care for, HBV/HDV co-infection, according to Mirum, which estimates that there could be a potential eligible patient population of 230,000 people in the US and Europe.

Topline data from two European-focused trials (AZURE-2 and AZURE-3), which are designed to support regulatory submissions specifically to the EMA, are due in the latter half of 2027.

The AZURE-1 readout is the second bit of positive news for Mirum in the space of two days, coming after the FDA greenlit its ALK2 inhibitor, Atebrioz (zilurgisertib), for the rare bone disease fibrodysplasia ossificans progressiva (FOP).

https://pharmaphorum.com/news/mirum-puts-hepcludex-its-sights-hep-d-readout

New Minnesota audit reveals massive fraud risk tied to post-George Floyd activism

 As Minnesota’s massive fraud problems continue to gain nationwide attention, an audit is now sounding the alarm about potential fraud in a new area in the state related to contracts doled out by the city of Minneapolis in response to the death of George Floyd.

More than 100 contracts were handed out to community groups as alternatives to policing in 2020 and the lax oversight of those contracts, according to a Minnesota Star Tribune report, was found by an audit to be susceptible to fraud and favoritism.

The new Neighborhood Safety Contract Management Audit Report, which reviews spending from 2020-2025, shows the city is “not providing sufficient contract oversight or managing contracts effectively” in order to properly manage the more than $36 million that has been spent since 2023 on five major violence-prevention programs.

The report warns that Minneapolis’ weak contract controls created a heightened risk of fraud and improper payments.

Auditors found contractors often submitted invoices with limited supporting documentation, while the city sometimes continued making payments despite missing records or unresolved concerns.

The department is also said to have lacked a standardized process for conducting and documenting site visits to verify that contracted services were actually being performed.

Additionally, auditors found the city still needs to improve invoice reviews, preserve contract records, document contractor communications and establish clearer procedures for escalating concerns.

“Based on my past reporting on this and other city grant programs, any diligent audit of any city-administered grant programs would produce similar results,” Center of the American Experiment policy fellow Bill Glahn told Fox News Digital, pointing to his 2023 reporting on the matter.

Glahn’s reporting raised questions about whether Minneapolis’ violence-interrupter program was producing measurable results.

In a 2023 analysis, Glahn noted that the city had committed up to $7.5 million to the initiative for 2022–23, with another $13 million included in its budget for 2024–28, while the city had not published substantive evidence demonstrating that the program was reducing violent crime.

Glahn also examined the backgrounds and finances of participating organizations, finding that several had annual revenues or staffing levels far below the size of the grants they received.

One participant, We Push for Peace, had staffers involved in violent incidents outside St. Paul grocery stores in 2021, including one violence interrupter captured on video beating a homeless man.

“The city seems primarily interested in shoveling money out the door to ‘address’ urgent problems,” Glahn added. “Little if any care is given to ensuring that the grant recipients are capable of or have a track record of doing the work, are actually doing the work contracted for, or whether that work is resulting in net benefit for city residents and taxpayers.”

The state has faced heavy criticism in recent years for not conducting enough on-site visits to combat fraud in the Feeding Our Future program along with fraudulent Medicaid programs.

“If they would have just gone to the facilities, you know, you hear of the thousands of people being served out of an apartment twice a day, all they would have to do is show up and look at it,” Minnesota Republican state Sen. Mark Koran told Fox News Digital in December as the fraud scandal was unfolding.

“There was a legislative auditor report that showed that 30 property owners where these businesses claim to operate out of, contacted the Department of Education who manage it, who managed that program, and they told them one, the businesses don’t exist in their facilities, so they don’t exist, period, and one of them I think was a city park,” Koran said.

Glahn told Fox News Digital that site visits are “generally helpful” but he suspects that “even a cursory, front-end review of tax records and financial statements would have disqualified many of these vendors from the get-go.”

“We have not slowed down, there is no sense in which the fraud has been stopped in Minnesota,” Glahn told Fox News Digital last month.

The audit did not identify a specific instance of fraud, but it warned that Minneapolis’ weak oversight controls created a heightened risk of fraud and improper payments, and many social media users weren’t willing to give the state the benefit of the doubt.

“Call it what it is,” retired Navy intelligence officer Phillip C. Parrish posted on X.

“This isn’t a tracking glitch. It’s the same business model that looted child-nutrition money, Medicaid housing, autism therapy, and daycare: stand up a moral emergency, pour cash through politically connected nonprofits, skip site visits and receipts, then scream ‘livelihoods’ when anyone asks where the money went.”

Fox News Digital reached out to Walz’s office for comment.

A Minneapolis city spokesperson told Fox News Digital in a statement, “We appreciate the support of the auditor to make thoughtful, strategic recommendations to improve our department. In fact, the auditor expanded the scope of the report to be more thorough and holistic.”

The spokesperson added, “The Neighborhood Safety Department has a lot to be proud of. Our work is meaningful, and every day we’re working to make our City safer through innovative safety services, like violence prevention and human trafficking prevention, among others. We’ve taken several steps since the audit report to improve our processes and contract oversight. We are in the business of helping people and improving lives – and that means improving how we do it. It’s that simple.”  

https://nypost.com/2026/09/29/media/new-minnesota-audit-reveals-massive-fraud-risk-tied-to-post-george-floyd-activism/