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On December 1st, the U.S. House released a report from a two-year investigation that many are calling a game-changer in the ongoing discussion about the origins of COVID-19 and that one WarRoom guest said exposed those who helped hide details of the Chinese Communist Party’s involvement in the deadly worldwide pandemic.
First Financial Fraud
The report from the Select Subcommittee on the Coronavirus Crisis, led by Rep. James Clyburn, exposes widespread fraud in the Paycheck Protection Program (PPP), facilitated by financial technology companies (fintechs). The investigation targeted firms like Kabbage, Blueacorn, and Womply, and their partner banks, revealing systemic failures to prevent fraud while profiting from taxpayer-funded administration fees.
Chairman Clyburn criticized fintechs for neglecting fraud prevention, stating: “Even as these companies failed in their administration of the program, they nonetheless accrued massive profits.” For example, Blueacorn earned over $1 billion in fees, spending less than 1% on fraud prevention. Its founders reportedly prioritized high-dollar “VIPPP” loans, neglected proper vetting, and allegedly enriched themselves with fraudulent PPP loans.
Similarly, Womply generated $2 billion in profits despite inadequate fraud screening, with its systems described as “put together with duct tape and gum.” Womply’s CEO, previously convicted of insider trading, resisted federal fraud investigations and allegedly misused sensitive borrower data.
The report highlights how fintechs deflected blame, attributing fraud to Trump administration policies. Emails revealed attitudes like “the SBA’s shitty rules created fraud, not [us],” and efforts to evade accountability. […]
— Read More: warroom.org
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
