Massive Somali Fraud in Minnesota with Nick Shirley, California Asset Seizure, $20B Groq-Nvidia Deal
Episode publishedPodcast: All-In with Chamath, Jason, Sa...All-In with Chamath, Jason, Sacks & Friedberg
Transcript preview
Preview only
Alright. We have a massive show for you today, besties, but it's not gonna be our prediction show. We thought we were doing predictions, end of the year, but we had so many amazing stories to cover in the news that we're gonna do predictions next week. The first story is we have investigative journalist Nick Shirley on. He has uncovered in a breaking forty two minute video that went viral a $110,000,000 in potential fraud in Minnesota. It's part of $9,000,000,000 in overall fraud, we've and got them on the show here exclusively. This video apparently perhaps prompted responses from Cash Patel
Ali is facing numerous counts of theft by swindle and racketeering. She ran a daycare business and home health care company that catered to low income families. But former employees told the Fox nine investigators back in 2013 that it was really part of a scam to collect millions in public subsidies.
When I saw the bank account for the business, there were large cath withdrawals on a continuous basis. Can I
ask you a few questions, please? A year after our investigation, Ali was arrested and charged with bilking the state out of about $4,000,000.
Okay. Since 2018, Minnesota has seen 9,000,000,000, around 9,000,000,000, in entitlement frauds according to federal prosecutors. Just to give you guys a a concept of what that means, that's half of the total amount spent on 14 entitlement programs in the state. So here's the direct quote from the federal prosecutor on the Minnesota fraud. The magnitude cannot be overstated. It's staggering. Industrial scale fraud. There have been over 90 convictions for more than $800,000,000 in fraud since 2022. In 2022, 47 defendants were charged in a $250,000,000 fraud scheme called feeding our future. Tha
Thank you. It's been a crazy past few days out here in Minnesota.
So I guess a good place to start is you could tell the audience a little bit about your background when you got into investigative journalism. Obviously, you've got a YouTube channel. I watched some of your early videos when you were 16, 17 years old. I would say along the mister beast vibes and then suddenly making a turn into politics specifically around immigration and some Vox pop kinda man on the street stuff. But maybe you could tell us a little bit of how you got into all this and how you got into this specific story.
Yeah. So I've been doing YouTube as far as I can pretty much remember since the size of sophomore in high school. It was just something I thought I could would be good at. So I'd do YouTube videos, and all I could do in high school is to do prank videos, sneaking into places, just kind of fun stuff you can do on the weekend. And then as I've grown older and I've had other experiences, I've matured and I've wanted to get more into more serious topics. And so as I've been able to go places and kinda see the world for what it is in different countries and whatnot and had different experiences, th
And now YouTube allows you to monetize. I noticed you had ads baked into the program like many podcasters, and you're not affiliated with any news source. And I to the best of my knowledge, you're not backed by any special interest groups. You're not backed by some rich billionaire. Where's the money coming to do this reporting from? And just to confirm that with the audience.
Keep exploring with a free account.
A free account preserves the short preview. Upgrade to Pro for the full transcript and episode chat.