“Control frauds are seemingly legitimate entities controlled by persons that use them as a fraud weapon. A single control fraud can cause greater losses than all other forms of property crime combined.
Financial control frauds’ primary weapon is accounting. Fraudulent lenders produce exceptional short-term “profits” through a four-part strategy: extreme growth (Ponzi), lending to uncreditworthy borrowers, extreme leverage, and minimal loss reserves. These exceptional profits defeat regulatory restrictions and turn private market discipline perverse.
The finance sector is most criminogenic because of the absence of effective regulation and the ability to invest in assets that lack readily verifiable values. Unless regulators deal effectively with the initial frauds their record profits will produce imitators.
Mega bubbles produce financial crises.”
William K. Black, Recurrent, Intensifying Bubbles and Crises
“Do not be deceived, God is not mocked; for whatever a man sows, that he will reap. For whoever sows to the flesh will from the flesh reap corruption, but whoever sows to the Spirit will from the Spirit reap everlasting life. And let us not grow weary while doing good, for in due time we shall reap if we do not lose heart.”
Galatians 6:7-9
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
