Fraught With Fraud
The Dark Underbelly of America’s Tech Hi Reader, Here’s what our editors are looking at today… | | | News: Sean Ring – Did Human Trafficking Build Silicon Valley? The truth is that the H-1B visa program is full of fraud. The first kind comes from employers. Some employers file H-1B applications for positions that don’t exist or aren’t genuinely needed. Another way is that employers may report higher wages to comply with prevailing wage requirements but pay employees less. Finally, you’ve got the “body shops.” They’re third-party consulting firms that apply for H-1B visas and then outsource the workers to other employers, often violating program rules. Then we’ve got third-party fraud. Fraudulent intermediaries may file multiple applications for the same candidate with fake employers to increase the chances of selection in the lottery. Also, we’ve got “visa mills,” entities that exist solely to exploit the H-1B program by acting as fake employers, often charging foreign workers for sponsorship. In this sense, you can argue human trafficking built Silicon Valley. ⇒ Read More Here | |
Recommended Reads: Blue Spike Alert: $7 BILLION Nvidia Market Shock on Jan 6th? James Altucher here. My AI system just detected a brand-new blue spike on the hottest AI company in the world: Nvidia…and the timing is no coincidence. This Monday, January 6, at 9:30 p.m. (ET), Nvidia CEO Jensen Huang is scheduled to deliver the keynote address at the Consumer Electronics Show in Las Vegas, Nevada. With attendees from nearly every tech and AI company across the globe - Meta, Microsoft, Google, Tesla - there is no better stage for Nvidia to possibly make this major announcement I’m expecting. We’ve seen similar events produce peak gains as high as 2,350%... 5,133%... and even 7,100% in only 6 days. It’s imperative you move FAST and before the market opens on Tuesday, January 7. ⇒ Click here, and I’ll show you all the details. | |
Retirement: Zach Scheidt – 2025: The Year of $3K Gold Leading up to the November election, gold had plenty of bullish momentum. Investors had significant concerns about inflation, the economy and the geopolitical landscape. And that fear helped to drive capital into safe-haven assets like gold. However, Trump’s victory triggered a notable shift in market sentiment, causing gold prices to retreat from their previous highs. This pullback reflected a broader market pivot away from defensive positions as investors reallocated capital toward growth-oriented assets, anticipating potential economic stimulus and deregulation. ⇒ Read More Here | |
Politics: Dave Gonigam – Power to the People (Trump’s Energy Agenda) The needed executive orders in energy reform have already been drafted and will be awaiting Trump’s signature on day one. In some cases, legislation will be needed to implement Trump’s policies in these areas but that legislation is also being drafted behind the scenes. There are three main elements to the Trump energy agenda — the implementation of ‘drill, baby, drill’ energy policies, the end of the Green New Deal programs and changes in the current climate agenda. Naturally, there’s some overlap — but let’s take them on one-by-one. ⇒ Read More Here We’ll be back tomorrow with more of our top articles. Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, | | | | | |
| | | | With Trump’s pro-business policies fast-tracking billions in contracts and subsidies, Elon Musk’s Starlink is poised to redefine telecommunications as we know it. James Altucher predicts his IPO could be the biggest in history—and he wants to show you his “backdoor” way to play the opportunity before the masses catch on. ⇒ [Learn more] | |
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