Tuesday, July 12, 2022

We Live In The Golden Age Of Scams

 Atheism is a crutch for those who cannot bear the reality of God.

— Tom Stoppard, born in 1937


Industry aims to attract rising tide of younger DIY customers coming into inheritances but who need assistance


Uber Kill Switch on Steroids


Perfect storms,” “black swans,” and “bubbles” galore — on Wall Street the market for clichesis booming Perfect Swans ðŸĶĒ 


I was Boris Johnson’s boss: he is utterly unfit to be prime minister Guardian.  “This piece by Max Hastings is three years old. I’ve yet to read anything else that tops it.”


Crypto, NFTs and Web3: Digital assets are hot in Australia, so how can businesses get on board?




We Live In The Golden Age Of Scams 

If COVID-19 has been an X-ray of society’s fracture points, scammers have not only looked at the film but pressed on the wounds. Since the start of the pandemic, both prophylactic and postexposure measures have been rife with fraud. - Harper's


An international crime syndicate operating in Broadford has emerged as the target of a joint Australian Border Force, ABF, Australian Taxation Office, ATO, and Victoria Police raid in May.

The Review broke news of a raid at a property on Broadford’s Mia Mia Road on May 31, attended by ABF, ATO and police officials.

International crime syndicate revealed as target of Broadford raid


AMERICAN DRAGNET: DATA-DRIVEN DEPORTATION IN THE 21ST CENTURY Center on Privacy & Technology, Georgetown Law (guurst). From end of May, still important. For instance:

By reaching into the digital records of state and local governments and buying databases with billions of data points from private companies, ICE has created a surveillance infrastructure that enables it to pull detailed dossiers on nearly anyone, seemingly at any time. In its efforts to arrest and deport, ICE has – without any judicial, legislative or public oversight – reached into datasets containing personal information about the vast majority of people living in the U.S.


Criminals Use Deepfake Videos to Interview for Remote Work 


Is taxation theft? aeon 


Blockchain And Tax Administration: A Critical Assessment





24 stunning astronomy photographs that will take you to infinity and beyond Mashable

Quantum Computing for Dummies Spectrum IEEE 


Physicists Are Startled by This Magnetic Material That ‘Freezes’ When Heated ScienceAlert 




How does the ATO use data leaks to catch tax evaders?



Article on Coinbase Tool for Identifying Owners of Cryptocurrency

I am not steeped in the cryptocurrency craze.  Basically, I thought the attraction was the ability to do financial transactions in guaranteed secrecy, a feature particularly attractive to many such as money launderers and tax evaders.  I have had some posts on it.  See the Cryptocurrences tag here.  Still, I do not deal with cryptocurrencies in my practice or research.  So that is my caveat.

The following article caught my eye:  Sam Biddle, Cryptocurrency Titan Coinbase Providing "GEO Tracking Data" to ICE (The Intercept 6/29/22), here.  I thought some readers might be interested, so I pass it on.

Some excerpts:

            Coinbase Tracer allows clients, in both government and the private sector, to trace transactions through the blockchain, a distributed ledger of transactions integral to cryptocurrency use. While blockchain ledgers are typically public, the enormous volume of data stored therein can make following the money from spender to recipient beyond difficult, if not impossible, without the aid of software tools. Coinbase markets Tracer for use in both corporate compliance and law enforcement investigations, touting its ability to “investigate illicit activities including money laundering and terrorist financing” and “connect [cryptocurrency] addresses to real world entities.”