Foundation’s widely reported $24 million in Pentagon contracts actually stems from its 2024 acquisition of Boardwalk Robotics, which held some existing government research contracts, the people said.

This is such passive language, it makes it sound like the Pentagon had no choice but to continue the contract.

In federal contracting, there is something called a Novation Agreement when a company is bought or sold. The novation process has 3 parties, Original Company A, New Company B, and the Governmental Agency. During this process, its the responsibility of Company A to detail all of the contract terms to New Company B, its the responsibility of new company B to attest that they can fulfill the terms of the contract, it’s the responsibility of Governmental Agency to vet New Company B and assure that what they are attesting to is accurate.

When asked for a comment Eric Trump said…“My father…(blah blah blah yadda yadda yadda)”.

Kleptocracy

robot soldier

Is that even realistic?

edit: refering to the humanoid thingy in the thumbnail - depending on one’s definition of robot these have been around for a very long time.

Advocates bootlickers for trickledown pissdown economics say that tax cuts in theory for businesses are meant to lessen cost, which means more margin and thus raise wages of employees. But I always point out only handful of businesses raise wages of their employees and most businesses, especially large corporations, only use the increased margin for stock buybacks to enrich themselves and shareholders.

In today’s news: Man who wants to make machines of war and oppression turns out to be a major dick.

And welcome to the US where this guy can still raise billions from investors:

Synapse was a behind-the-scenes player until its collapse left more than 100,000 Americans with a combined $265 million in deposits locked out of their FDIC-backed accounts.

While some customers received partial payments during Synapse’s bankruptcy proceedings, thousands remain without access to their money after more than two years. A bankruptcy trustee, the former FDIC chair Jelena McWilliams, said as much as $96 million in customer funds went missing.

Sounds like blatant fraud and corruption.

How does a guy who “took loans” from his own company immediately before that company declares bankruptcy (defrauding its customers) somehow start another company that same year and acquire an existing company with active DoD contracts which presumably require security clearances?

And on top of that, to then two years later take another “loan” from again his own company, rendering it unable to pay its employees?

This country really needs to prosecute white-collar crime better. Holy hell.

And these are the people who will own the killbots?

So, let me be clear…

My employer will refuse even a salary advance (as in, getting it 2-3 days, maybe a week early), but the bossman can walk away with a “loan” of the company’s entire liquidity?

that was not a loan.

This is fascism. The elite will bleed the rest of us dry.

That’s fine. Seize and sell the home to pay the employees.

Wow. It’s not the profound level of corruption that’s so shocking, it’s the profound level of incompetence. How did such stupid people get so far in life in the first place?

Also I find it hazardous to just throw in the name Synapse given there’s about two dozen companies of all sizes with that name…

It’s specifically Synapse Financial Services.

But it’s lovely to know that Pathak keeps stealing names from everywhere. Not an original idea in his body.

They only do this shit because they know America doesn’t prosecute white collar crime seriously. The corruption won’t lessen till the perpetrators face real consequences.