UNDERMONEY | hosted by Jay Newman

Corruption, money laundering, negotiation of slave labor and espionage—just a few of the nefarious activities committed by various representatives of government across the world. 

With these activities festering beneath the surface of the waters of the world, one thing is for sure…without men and women like Bradley Hope, much of what is done in the dark among these criminal institutions would still be hidden in the dark. 

On this week’s episode of “Undermoney”, Jay Newman sits down with journalist and author of “The Billion Dollar Whale”, Bradley Hope. Bradley is a pioneer and titan in the world of investigative journalism and reporting, and was one of the key individuals that helped uncover one of the greatest frauds of all time, the 1MBD scandal.

Tune in as they discuss hidden worlds, the inner workings of corrupt governmental systems. and ways that the nations of the world can ban together to weed out the criminality and manipulation of government across the world.

Main Takeaways:

00:00-13:00 | The 1MDB Scandal and the Infamy of Jho Low

13:00-26:00 | The Nefarious Workings of the Saudi Arabian Royal Family

26:00-39:00 | Diplomatic Abuse and Inner workings of Governmental Embassies 

39:00-52:00 | “Undermoney Systems”, and the Danger of Cryptocurrency

————————————————-

Connect with Undermoney:

Media coverage on the war in Ukraine has dwindled, but Russian efforts to destroy the prosperity and infrastructure of the Ukraine has not.

The Ukraine possesses valuable assets—it is the fifth largest exporter in the world for wheat, the second largest for corn and counts for about half of the world’s sunflower oil. Most of its territory is agricultural, and its soil is rich ground for the development of crops. If you haven’t guessed this already, Russia wants to possess these assets. In this new episode of Undermoney, host Jay Newman had the honor of speaking with Jim Glassman, the Chief Spokesperson for the ISRP—the Initiative for the Study of Russian Piracy. ISRP’s goal is to shine a light on how Russia is stealing Ukrainian assets, and reveal the devastating ripple effects felt throughout the globe. Together, Jay and Jim use Undermoney as a platform to expose Russian war crimes—and discuss what can be done to stop it. Tune in to this new episode of “Undermoney” to see where the money trail leads…

Main Takeaways 

00:00 💸 Puerto Rico is functionally bankrupt and has been corrupted, with stakeholders and bondholders needing consultancy from the Puerto Rico Clearinghouse.

06:48 🤔 The Financial Oversight and Management Board has control over Puerto Rico's finances, with Congress intervening with Promesa and an estimated cost of 2.4 billion dollars.

14:49 🤔 Puerto Rico's bankruptcy process has been corrupted, with bondholders receiving only 4 cents on the dollar while public employees received bonuses totaling $475 million, and the Supreme Court striking down Puerto Rico's restructuring law.

24:09 🤔 Congress has not defined the cause for the board members, and McKinsey's conflicts of interest raise questions of backroom dealing in Puerto Rico's bankruptcy process.

37:58 🔎 A motion for Discovery has been filed to investigate the awarding of a billion two contract to a consortium of Canadian firms and a Houston company, and the restructuring of Puerto Rico's electric utility during bankruptcy.

44:49 🤔 Congress should dissolve the board in Puerto Rico and create a new one to implement best practices for transparency and open systems, while ensuring pensions are paid and investments are made.

54:58 🤔 Puerto Rico has failed to meet Congress' benchmark of treating creditors properly and getting market access, while journalists are using a database to expose rogue corporations and the government is giving out over $21 billion in tax incentives annually.

01:04:23 🤔 Congress is paying attention to the conversation, hoping Senator Grassley will take action

-------------------------------------------

Find out more on Undermoney