Latest / The Ben Ferguson Podcast / Markets Shrug Off Middle East Mayhem as Oil Keeps Moving plus FBI Unleashes Record-Breaking Crackdown

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Markets Shrug Off Middle East Mayhem as Oil Keeps Moving plus FBI Unleashes Record-Breaking Crackdown · The Ben Ferguson Podcast

• 0:00
  Speaker 1: I want to get an update on what's happening with
• 0:02
  Speaker 1: the Straight of horn Moves right now and the Iran deal,
• 0:05
  Speaker 1: which is up and down as the Vice President's trying
• 0:07
  Speaker 1: to salvage this thing and try to get us some
• 0:10
  Speaker 1: good news. But what we are being told right now
• 0:13
  Speaker 1: is that tankers are in fact continuing to move through
• 0:16
  Speaker 1: the Strait of horm Moves despite the Iranian threat. Although
• 0:20
  Speaker 1: Iran proclaimed that the Straight of Horn Moves was once
• 0:22
  Speaker 1: again closed on Saturday, tankers continue to move through the
• 0:26
  Speaker 1: vital waterway, including very large crude carriers and liquid natural
• 0:32
  Speaker 1: gas tankers as well. That is good news for the
• 0:35
  Speaker 1: world economy. The strait was reopened on Thursday after President
• 0:39
  Speaker 1: Donald Trump and the Iranian president signed their Memorandum of
• 0:42
  Speaker 1: Understanding the MOUs to establish the framework.
• 0:46
  Speaker 2: For a quote unquote piece deal.
• 0:49
  Speaker 1: Just a few days later, on Saturday, Taran announce the
• 0:52
  Speaker 1: Straight was closed again because Israel was still fighting Iran's
• 0:56
  Speaker 1: terrorist proxy hes Blot in Lebanon. US Central Command Sentcom
• 1:01
  Speaker 1: responded by saying that Iran does not control the Strait
• 1:04
  Speaker 1: of Hormuz quote unquote. Very simple, then came out with
• 1:07
  Speaker 1: another statement saying traffic continues to flow and US forces
• 1:11
  Speaker 1: are monitoring the situation to ensure this in fact remains
• 1:15
  Speaker 1: the case, is what the s INCOME spokesman, Captain Tim
• 1:18
  Speaker 1: Hawkins said in a statement now Save Passage through the
• 1:22
  Speaker 1: International water Way remains intact today as fifty five merchant
• 1:27
  Speaker 1: ships transited, moving large amounts of cargo and more than
• 1:32
  Speaker 1: seventeen million barrels of oil to the global market. Symcom
• 1:37
  Speaker 1: said on Saturday, US forces remain present and vigilant to
• 1:42
  Speaker 1: ensure all aspects of the agreement with Iran are adhered to,
• 1:46
  Speaker 1: obeyed and in full force an effect, the statement continued now.
• 1:51
  Speaker 1: Sencom referred to the latest bulletin from the Joint Maritime
• 1:55
  Speaker 1: Information Center which lowered its risk advisory level for the
• 1:59
  Speaker 1: Strait of Moves to moderate and said the strait is
• 2:03
  Speaker 1: quote now open. JMIC posted an update on Sunday that
• 2:08
  Speaker 1: said traffic flows.
• 2:10
  Speaker 2: Are increasing so not decreasing.
• 2:13
  Speaker 1: Even though Iran said that the strait was closed, well,
• 2:16
  Speaker 1: the number of ships going through increase.
• 2:19
  Speaker 2: They said.
• 2:19
  Speaker 1: Navigational system interference in wider regional military activity continues to
• 2:24
  Speaker 1: warrant caution. Navigational interference includes hailing and surveillance activity by
• 2:29
  Speaker 1: Iran's Islamic Revolutionary Guard. The IRGC reuter is also reported
• 2:35
  Speaker 1: on Monday that oil and liquid natural gas tankers are
• 2:38
  Speaker 1: indeed moving through the Strait of Hormves and traffic is
• 2:41
  Speaker 1: picking up. They said four LNG tankers controlled by Katar
• 2:47
  Speaker 1: headed into the gulf and through the strait on Monday,
• 2:50
  Speaker 1: while two supertankers which can carry up to four million
• 2:53
  Speaker 1: barrels of crude alone cross into the gulf, with one
• 2:57
  Speaker 1: signaling its destination as the Iraqi port of Basrah. The
• 3:03
  Speaker 1: report said that the data from the ship tracker also
• 3:06
  Speaker 1: confirmed that They said two smaller crew tankers carrying just
• 3:10
  Speaker 1: under two million barrels of oil in total, sailed out
• 3:14
  Speaker 1: of the straight ofform Moves into the Gulf of Moman
• 3:16
  Speaker 1: on Monday, citing a different set of ship tracking data
• 3:20
  Speaker 1: for that.
• 3:20
  Speaker 2: So what we now know.
• 3:23
  Speaker 1: It's pretty clear now that this is apparently what Iran
• 3:29
  Speaker 1: says and their propaganda doesn't actually match reality.
• 3:33
  Speaker 2: I think it's fair to say yet again now.
• 3:36
  Speaker 1: Reuters also noted that more ships could be passing through
• 3:39
  Speaker 1: the strait with their Automatic Information System or AIS transponders
• 3:45
  Speaker 1: turned off for safety. They said, based on visual observations,
• 3:49
  Speaker 1: traffic does seem to slow considerably after the.
• 3:52
  Speaker 2: iERG said that the strait was closed.
• 3:53
  Speaker 1: Again failing following excuse me, from twenty six ships spotted
• 3:58
  Speaker 1: on Saturday to just five on Sunday. So when they
• 4:02
  Speaker 1: say something like this, it does have an impact now.
• 4:05
  Speaker 1: The South Korea Ministry of Oceans and Fisheries also set
• 4:09
  Speaker 1: on Monday that two ships operated by South Korea have
• 4:12
  Speaker 1: been able to pass safely through the strait since the
• 4:14
  Speaker 1: MoU was signed. The Ministry provided a few further details
• 4:18
  Speaker 1: in the interests of safety because the ships have not
• 4:20
  Speaker 1: yet fully exited what is described as a high risk zone.
• 4:24
  Speaker 1: They mentioned that neither of them is crewed by South
• 4:27
  Speaker 1: Koreans or currently headed for port in South Korea. They
• 4:33
  Speaker 1: listed also Intelligence Lloyd's List Intelligence set on Sunday that
• 4:38
  Speaker 1: commercial traffic continued to move through the strait over the weekend,
• 4:42
  Speaker 1: despite repeated Iranian claims that it had closed the waterway
• 4:46
  Speaker 1: in response to what described as Israel's violation of a
• 4:49
  Speaker 1: ceasefire because of them targeting terraces in Lebanon. Now, another
• 4:54
  Speaker 1: maritime intelligence company known as Windward concurred with its own
• 4:59
  Speaker 1: analysis that traffic through the Southern Corridor was not reflecting
• 5:03
  Speaker 1: any closure. They noted that the strait was nowhere near
• 5:07
  Speaker 1: returning to its pre war traffic loads based on the
• 5:10
  Speaker 1: traffic data. Whenward split the analytical difference by observing that
• 5:14
  Speaker 1: high visibility traffic with transponders switched on had stalled even
• 5:19
  Speaker 1: before the IRGC declared the strait was closed on Saturday.
• 5:22
  Speaker 1: So they're turning off their transponders for safety reasons, they said.
• 5:27
  Speaker 1: Twelve transits today, down from twenty one on June twentieth.
• 5:30
  Speaker 1: Neutral and European tonnage absent five of the seven inbound vessels.
• 5:37
  Speaker 1: Dark Windwards said, so again, that means that they're turning
• 5:40
  Speaker 1: off their transponders because they feel like that gives them
• 5:43
  Speaker 1: a better chance of safely passing through the strait.
• 5:46
  Speaker 2: They said.
• 5:46
  Speaker 1: The current traffic profile is dark, sanctioned and Iran linked
• 5:50
  Speaker 1: resemble the late blockade baseline more than a functioning open
• 5:54
  Speaker 1: straight The analysts concluded. There so this is what the
• 5:58
  Speaker 1: Vice president is having to deal with right now, This
• 6:02
  Speaker 1: is what the President's having to deal with right now,
• 6:04
  Speaker 1: This is what the trum administration's having to deal with
• 6:06
  Speaker 1: right now, And honestly, this is what the world's having
• 6:09
  Speaker 1: to deal with. I want you to pause what you're
• 6:11
  Speaker 1: doing for just one minute, and I want you to
• 6:13
  Speaker 1: hear about Alejandra. She lives in a remote community with
• 6:18
  Speaker 1: very few resources and little to no healthcare. So when
• 6:22
  Speaker 1: Alexandra gets sick, her parents have no real options, no
• 6:26
  Speaker 1: doctors in their community, and no money for real medical care.
• 6:31
  Speaker 1: By the third day, her body was shutting down. She
• 6:34
  Speaker 1: woke up and just long enough to tell her mom,
• 6:37
  Speaker 1: I can't take the pain anymore. I can't keep going.
• 6:42
  Speaker 1: Her parents drove hours to find a doctor who tried everything,
• 6:46
  Speaker 1: but she needed a private hospital and that was impossible
• 6:50
  Speaker 1: for her family to afford. And that is when Compassion
• 6:54
  Speaker 1: Internationals stepped in. Now, through Compassion Alejandra was treated and
• 6:59
  Speaker 1: again all odds, she survived. She lived because someone just
• 7:04
  Speaker 1: like you took action right now. Unfortunately, there are children
• 7:09
  Speaker 1: just like Alejandra who won't survive unless someone like you
• 7:13
  Speaker 1: steps in. Compassion International partners with local churches, providing children
• 7:19
  Speaker 1: with the support that they need, critical medical care, plus food,
• 7:24
  Speaker 1: education and the hope of the gospel, all in Jesus's name.
• 7:29
  Speaker 1: So help a child just like Alejandra today. You can
• 7:33
  Speaker 1: visit Compassion dot com that's compassion dot com now. Fox
• 7:39
  Speaker 1: News anchors also poured a lot of blunt I think
• 7:43
  Speaker 1: the fair way of saying it is cold water on
• 7:45
  Speaker 1: Jdie Vance's irand deal update and put it this way
• 7:49
  Speaker 1: as they were describing the latest update. As Van said,
• 7:52
  Speaker 1: Trump wants to focus on Iran's actions.
• 7:55
  Speaker 2: I guess more than their words. Listen carefully to their words.
• 7:59
  Speaker 3: Okay.
• 7:59
  Speaker 4: The Vice President to boarding the plane Air Force too
• 8:01
  Speaker 4: and heading back to the United States after a couple
• 8:03
  Speaker 4: of days of negotiations there in the beautiful part of
• 8:05
  Speaker 4: the world is are in Switzerland with the Iranian delegation.
• 8:08
  Speaker 4: Sanders saying that he's achieved some success in setting up
• 8:11
  Speaker 4: about mechanism to keep the straight of horror moves open,
• 8:13
  Speaker 4: though a lot of people would say American firepower is
• 8:15
  Speaker 4: all you need to do that setting up a mechanism
• 8:18
  Speaker 4: to achieve a lasting cease fire. Add the fact that
• 8:21
  Speaker 4: the Iranians say that they will allow inspectors to come
• 8:24
  Speaker 4: in in terms of their nuclear program. But the Vice
• 8:28
  Speaker 4: President there with a caveat that says, we don't know
• 8:30
  Speaker 4: exactly what that means, and if history is any guide,
• 8:33
  Speaker 4: might not mean much.
• 8:34
  Speaker 5: Yeah, adding that it's been a very confusing process to
• 8:36
  Speaker 5: negotiate with the Iranians. But that positive talk about getting
• 8:40
  Speaker 5: that oil moving is what continues to send oil price
• 8:42
  Speaker 5: is lower now in your seventy four dollars a barrel.
• 8:45
  Speaker 5: The US stock market's still hovering near all time high.
• 8:48
  Speaker 5: So as long as the messaging continues to be that,
• 8:52
  Speaker 5: you know, we have reason to believe that the White
• 8:54
  Speaker 5: House is happy with what they've seen so far.
• 8:56
  Speaker 4: Don and the word from the Administration, and you and
• 8:59
  Speaker 4: I know this because we were on all with the
• 9:00
  Speaker 4: senior administration official a little more than a week ago,
• 9:02
  Speaker 4: is that if this all transpires in the way that
• 9:05
  Speaker 4: the White House hopes it will, it has the potential
• 9:08
  Speaker 4: to transform the Middle Ages. The Vice President reiterated that again,
• 9:12
  Speaker 4: but he also said, we haven't built the house yet,
• 9:15
  Speaker 4: And I would think of all of the things, all
• 9:17
  Speaker 4: of the houses or all of the buildings that President
• 9:20
  Speaker 4: Trump has built over his long and story career as
• 9:22
  Speaker 4: a real estate developer, building this particular house with the
• 9:26
  Speaker 4: Iranians is probably the toughest challenge.
• 9:28
  Speaker 5: He's everything, and I'm sure that's all part of the vision.
• 9:31
  Speaker 5: All right, We are going to have much more on
• 9:32
  Speaker 5: that and reaction to it coming out.
• 9:34
  Speaker 6: Meanwhile, the judge and the tip so you can hear there,
• 9:37
  Speaker 6: there's a lot of people that are scratching their head,
• 9:38
  Speaker 6: like the Vice president there with a caveat that says,
• 9:41
  Speaker 6: we don't know exactly what that means, referring to this
• 9:45
  Speaker 6: nuclear inspections and if.
• 9:47
  Speaker 1: History is any guide, that might not mean much. Those
• 9:50
  Speaker 1: are the words from Fox News Channel. I think it's
• 9:53
  Speaker 1: very interesting how blunt they were there. After the Vice
• 9:56
  Speaker 1: president kind of gave his update of where we are now.
• 9:59
  Speaker 1: The the President of the United States of America, was
• 10:03
  Speaker 1: also asked about, you know, the the oil sales and
• 10:08
  Speaker 1: ken He was asked a question from a reporter. The
• 10:12
  Speaker 1: reporter question, I'm going to say it for you and
• 10:14
  Speaker 1: then play it so that it's harder to hear. The
• 10:16
  Speaker 1: reporter to Trump say, can you ensure that the Iranians
• 10:19
  Speaker 1: won't use profit from oil sales to rebuild their military?
• 10:23
  Speaker 2: Listen carefully, it's from boy, the sales to rebuildings.
• 10:26
  Speaker 3: Well, they're not supposed to be doing that, so I
• 10:28
  Speaker 3: will say, but they're supposed to use money to buy
• 10:31
  Speaker 3: food for the people, because right now that people are
• 10:33
  Speaker 3: very hungry and they're buying it exclusively from US corn soybeans,
• 10:39
  Speaker 3: and there should be a lot of money. I hope
• 10:41
  Speaker 3: it's a lot of money.
• 10:43
  Speaker 1: Now, what's interesting about what the president there, and that
• 10:46
  Speaker 1: brings us back to another story, is that we now
• 10:50
  Speaker 1: are being told from the Vice President Jad Evans and
• 10:53
  Speaker 1: the President that the frozen Iranian funds would not be
• 10:57
  Speaker 1: released unless the United States continue to see progress. While
• 11:00
  Speaker 1: describing as a guitarist as an oversite mechanism for funds
• 11:04
  Speaker 1: that could be used to buy American soybeans. Vance's remarks
• 11:09
  Speaker 1: came after reporter asked whether Ran had already agreed that
• 11:11
  Speaker 1: frozen funds could be used to buy American soybeans. Vance replied, Yeah,
• 11:15
  Speaker 1: that was something that came up yesterday. We actually asked
• 11:18
  Speaker 1: the Kataris to help us set up the mechanism so
• 11:20
  Speaker 1: that we could ensure that the money goes where we
• 11:23
  Speaker 1: want it to go, and they agreed to that. We
• 11:26
  Speaker 1: have a good relationship obviously with them, and a good
• 11:28
  Speaker 1: operational oversight mechanism in place. But even with that said,
• 11:33
  Speaker 1: even with the caveat that's going to benefit American farmers
• 11:36
  Speaker 1: and obviously benefit the people of Iran. We want both,
• 11:39
  Speaker 1: but fundamentally, the money is not going to be unfrozen
• 11:41
  Speaker 1: unless we continue to see progress, and that will obviously
• 11:44
  Speaker 1: be a big part of the negotiations in the days
• 11:47
  Speaker 1: to come.
• 11:48
  Speaker 3: Now.
• 11:48
  Speaker 1: The comments follow the release of the Memo of Understanding
• 11:51
  Speaker 1: between the United States and Iran, which the White House
• 11:53
  Speaker 1: confirmed after the.
• 11:54
  Speaker 2: Full text was shared with the reporters.
• 11:56
  Speaker 1: The memos said the United States and Iran had jointly
• 11:58
  Speaker 1: agreed and good faith to terms involving the current conflict,
• 12:02
  Speaker 1: the current sanctions, Aran's nuclear program, and negotiations towards a
• 12:06
  Speaker 1: quote unquote final deal. The memo also stated the United
• 12:10
  Speaker 1: States would make fully available for use the frozen and
• 12:13
  Speaker 1: restricted funds and assets of Iran upon implementation of the
• 12:17
  Speaker 1: MoU two countries would mutually agree on procedures for releasing
• 12:22
  Speaker 1: these funds during the negotiations, and the text said that
• 12:26
  Speaker 1: such funds, whether kept in the original account or transferred,
• 12:29
  Speaker 1: would be fully usable for payment to any unlimited beneficiary
• 12:34
  Speaker 1: designed by the Central Bank designated excuse me, by the
• 12:38
  Speaker 1: Central Bank of Iran. That is where a lot of
• 12:40
  Speaker 1: conservatives started like screaming. I was one of them over
• 12:43
  Speaker 1: this massive red flag, and that's why the question that
• 12:45
  Speaker 1: was asked there for the president was an important one.
• 12:48
  Speaker 1: Now you can hear the Vice president saying no, no,
• 12:50
  Speaker 1: like we've got this, everything's fine. Again, this goes back
• 12:55
  Speaker 1: to the issue of trust, but verify. President Trump was
• 12:59
  Speaker 1: also asked if he would risk worldwide depression and strike Iran. Again,
• 13:04
  Speaker 1: so again the media with their doom or gloom questioning continuing, Listen.
• 13:08
  Speaker 7: If I could cause a worldwide depression, as you noted,
• 13:13
  Speaker 7: mister President's, are you willing to risk economic catastrophe and
• 13:16
  Speaker 7: strike Iran?
• 13:17
  Speaker 3: Well not the way I'm doing it, it's not going
• 13:19
  Speaker 3: to cause depression.
• 13:20
  Speaker 2: Yes, but if they don't abide by.
• 13:22
  Speaker 3: The well, nuclear weapon superseded depression. Depressions will be nuclear
• 13:28
  Speaker 3: weapon will cause depression much more quickly. The way we're
• 13:32
  Speaker 3: doing it, we have the opposite of a depression. We're
• 13:35
  Speaker 3: doing really well. The numbers are incredible. The oil is
• 13:42
  Speaker 3: at a level that nobody's ever seen before. Oil press
• 13:45
  Speaker 3: is a way down. I think are very comparable to
• 13:47
  Speaker 3: what they were, Chris c are pretty comparable to what
• 13:50
  Speaker 3: they were before we started.
• 13:52
  Speaker 2: They've turned most of the way back down.
• 13:54
  Speaker 5: And so if Iran is not abide by the MoU
• 13:59
  Speaker 5: are you still.
• 14:02
  Speaker 3: It would cause a depression. I said, it could cause
• 14:05
  Speaker 3: a depression, right, And I said that I don't want
• 14:08
  Speaker 3: to be Herbert Hoover. That's a president I don't want
• 14:11
  Speaker 3: to be because he you know, he was in charge
• 14:15
  Speaker 3: during the Great Depression, and certainly a lot of bad
• 14:19
  Speaker 3: things could happen. That would be one of the things.
• 14:21
  Speaker 3: I don't think it would. But if it did. But no,
• 14:24
  Speaker 3: if if Iran doesn't live up to their agreement or
• 14:28
  Speaker 3: if they're not behaving, I will, I will do what
• 14:32
  Speaker 3: I have to do.
• 14:36
  Speaker 1: It really is interesting to hear the media there do
• 14:40
  Speaker 1: everything that they possibly can to make you believe that
• 14:44
  Speaker 1: the sky is falling, the world is ending, it is over, folks,
• 14:49
  Speaker 1: and if if, if Donald Trump attacks Iran again, that
• 14:53
  Speaker 1: we're going to go into this catastrophic economic fall, not
• 14:58
  Speaker 1: just America but the rest of the world. Ask yourself
• 15:01
  Speaker 1: this question, why would the media describe it this way?
• 15:09
  Speaker 1: Because they do not want the president of United States
• 15:10
  Speaker 1: of America to be successful in actually dismantling I ran
• 15:16
  Speaker 1: from being a threat to our national security. And what
• 15:22
  Speaker 1: they're really about here is they want this president to
• 15:28
  Speaker 1: be a failure. They want him and everything that happens
• 15:34
  Speaker 1: to be a failure. So if the President does his job,
• 15:39
  Speaker 1: which is to keep us safe and deal with a
• 15:43
  Speaker 1: national security issue, that they can have been kicked down
• 15:46
  Speaker 1: the road for how long? I go back to what
• 15:49
  Speaker 1: Donald Trump is doing. He has the same policy towards
• 15:53
  Speaker 1: Iran that Hillary Clinton had, that Bill Clinton had, the
• 15:59
  Speaker 1: Baracoa had that Joe Biden had, that Kama hair has had,
• 16:02
  Speaker 1: that Chuck Schumer had, that Dan supposed he had. That
• 16:04
  Speaker 1: Iran cannot get a nuclear weapon. The only difference is
• 16:08
  Speaker 1: that a guy by the name of Donald Trump is
• 16:11
  Speaker 1: actually willing to do it.
• 16:14
  Speaker 2: They were not.
• 16:15
  Speaker 1: They just would keep punting and kicking the ball because
• 16:19
  Speaker 1: they didn't want to deal with it. President Trump when
• 16:24
  Speaker 1: he picked Cash Bettel to go after law and order
• 16:27
  Speaker 1: and go after waste, fraud and abuse, I'm not even
• 16:31
  Speaker 1: sure that the President knew just how good of a
• 16:34
  Speaker 1: pick that was going to be. I say that because
• 16:38
  Speaker 1: of the latest press conference. I'm going to play part
• 16:40
  Speaker 1: of it for you in a moment. But hundreds have
• 16:43
  Speaker 1: now been charged in a six point five not million,
• 16:47
  Speaker 1: a six point five billion dollar healthcare fraud crack down.
• 16:53
  Speaker 2: This isn't like one person.
• 16:55
  Speaker 1: It's about four hundred and fifty defendants that were charged
• 16:59
  Speaker 1: in a record setting crackdown on Medicaid in hospice care
• 17:02
  Speaker 1: fraud schemes. Officials are now saying now the charges unveiled
• 17:06
  Speaker 1: a press conference in Washington, d C. They're against defendants
• 17:10
  Speaker 1: for a variety of schemes and what officials called a
• 17:12
  Speaker 1: record setting action against fraud. The FBI Director Cashpttel said
• 17:17
  Speaker 1: the charges arose from a new air quote unquote of
• 17:19
  Speaker 1: investigating fraud now. Just one example cited by officials was
• 17:25
  Speaker 1: a eighty nine million dollar healthcare fraud scheme where a
• 17:30
  Speaker 1: man was accused of billing insurers for medically unnecessary cardiovascular
• 17:36
  Speaker 1: tests involving college athletes. The man then allegedly rubber stamped
• 17:41
  Speaker 1: the results as normal without even reviewing the reviewing the
• 17:45
  Speaker 1: test results of the student athletes. That one dude was
• 17:50
  Speaker 1: in charge of eighty nine million in healthcare fraud. President
• 17:54
  Speaker 1: Trump signed that executive order back in March, creating the
• 17:56
  Speaker 1: Task Force to Eliminate Fraud. It's being chaired by the
• 18:00
  Speaker 1: Vice President J. D. Vance and has promised to target
• 18:02
  Speaker 1: rampant fraud in this country. Andrew Ferguson, Chairman of the
• 18:06
  Speaker 1: Federal Trade Commission, said that five years ago, Medicare was
• 18:11
  Speaker 1: paying out less than one billion for skin substitutes via allographs,
• 18:17
  Speaker 1: but in twenty twenty five, the payments had increased almost
• 18:20
  Speaker 1: fifteen billion, to programs that Ferguson said were riddled with fraud. Now,
• 18:25
  Speaker 1: how did you go from one billion just five years
• 18:28
  Speaker 1: ago to fifteen billion? People found a loophole? Now, Ferguson's
• 18:32
  Speaker 1: side a case in Nevada where a nurse practitioner allegedly
• 18:36
  Speaker 1: built Medicare for nearly one billion in skin substitute alograms allographs.
• 18:44
  Speaker 2: Excuse me.
• 18:45
  Speaker 1: Ferguson said the nurse practitioner was performing the allographs on
• 18:48
  Speaker 1: elderly vulnerable people in hospices and nursing homes and then
• 18:53
  Speaker 1: submitting the claims just a cash cow quote. She was
• 18:56
  Speaker 1: using human beings American citizens as living pig banks. Now,
• 19:01
  Speaker 1: the government seized eight hundred and sixty five thousand necklaces
• 19:04
  Speaker 1: and a five hundred thousand dollars ferrari that the nurse
• 19:07
  Speaker 1: practitioner bought with the fraudulent earnings. According to Ferguson, officials
• 19:11
  Speaker 1: spoke of new methods of attacking fraud with unprecedented cooperation
• 19:15
  Speaker 1: among state and federal partners, saying this, we now use
• 19:18
  Speaker 1: techniques that are historically never thought of.
• 19:23
  Speaker 2: That's amazing.
• 19:23
  Speaker 1: Instead of just flagging problems, we build cases. By the
• 19:26
  Speaker 1: time our law enforcement partner's ready to move, we aim
• 19:29
  Speaker 1: to hand them a file that is already complete, already
• 19:32
  Speaker 1: ready to go. Officials said there were forty five states
• 19:36
  Speaker 1: and attorney generals involved in Tuesday's charges.
• 19:39
  Speaker 2: For the first time in modern history.
• 19:41
  Speaker 1: Everyone is working together, is with the Acting US Attorney
• 19:44
  Speaker 1: Todd Blanche said in a statement.
• 19:46
  Speaker 2: Now, I want you to also hear what cash.
• 19:47
  Speaker 1: Bettel had to say at the press conference, talking about
• 19:51
  Speaker 1: in general, the links that the FBI is willing to
• 19:55
  Speaker 1: go to, not just for these cases, but also for
• 19:58
  Speaker 1: other cases that he announced as well.
• 20:00
  Speaker 7: Wow, those days are over, and this should showcase to
• 20:03
  Speaker 7: the world the length that we will go as an
• 20:05
  Speaker 7: interagency and as a task force to apprehend and arrest
• 20:09
  Speaker 7: and bring to justice anyone who steals our dollars that
• 20:12
  Speaker 7: are meant for our most vulnerable citizens. We're also going
• 20:16
  Speaker 7: to ask what we did in Ohio a couple of
• 20:18
  Speaker 7: weeks ago, and we'll circulate it on social media later.
• 20:22
  Speaker 7: We're adding two more individuals to the Most Wanted fraudster list.
• 20:25
  Speaker 7: I said then, and I've said it before. The American
• 20:28
  Speaker 7: people in the world are our best sources of information.
• 20:31
  Speaker 7: There is no such thing as bad information. So if
• 20:34
  Speaker 7: you have any information on College Satari, who's wanted for
• 20:37
  Speaker 7: a five hundred and forty seven million dollar genetic testing
• 20:40
  Speaker 7: scheme and we believe to be hiding the United Arab Emirates,
• 20:43
  Speaker 7: call one eight hundred, Call FBI, one eight hundred, call FBI.
• 20:46
  Speaker 7: Let us know you saw what we did in just
• 20:48
  Speaker 7: two weeks by apprehended two of the most wanted fraudsters.
• 20:50
  Speaker 7: With your help, we will apprehend the rest of them.
• 20:53
  Speaker 7: The last one is Emily Tie, who's also wanted in
• 20:56
  Speaker 7: connection with a genetic testing scheme for allegedly stealing ninety
• 20:59
  Speaker 7: million dollars and she was previously on an ankle monitor
• 21:03
  Speaker 7: and fled, we believe, to Vietnam. So if the American
• 21:05
  Speaker 7: public or anyone in the world has information on Emily Tie,
• 21:09
  Speaker 7: please call one one eight hundred, call FBI. We need
• 21:11
  Speaker 7: your information, We need your help. And you have now
• 21:13
  Speaker 7: seen what we can collectively do as an interagency. Under
• 21:16
  Speaker 7: the Attorney General's brilliant leadership and the prioritization at the
• 21:18
  Speaker 7: White House, that fraud will not be tolerated, that fraud
• 21:21
  Speaker 7: perpetrators will be apprehended not just across the United States
• 21:24
  Speaker 7: of America, but from the four corners of the world.
• 21:26
  Speaker 7: So we plead with you to give us any and
• 21:28
  Speaker 7: all information that you have. And again, the only type
• 21:31
  Speaker 7: of bad information is the one that we don't receive
• 21:33
  Speaker 7: from you. So please call one eight hundred call FBI
• 21:36
  Speaker 7: with any information on any of the fraudsters on our
• 21:38
  Speaker 7: most wanted list. And this should be a clear message
• 21:41
  Speaker 7: to the world that the FBI, along with our inneragency partners,
• 21:44
  Speaker 7: are not tolerating fraud anymore, and we will chase them
• 21:46
  Speaker 7: down just like we chase down terrorists, narco traffickers, gangbangers,
• 21:50
  Speaker 7: and those that wish to do harm to our communities,
• 21:52
  Speaker 7: because this type of harm is equally as harmful to
• 21:55
  Speaker 7: our most vulnerable.
• 21:57
  Speaker 2: By the way, one thing I do love about what
• 21:59
  Speaker 2: cash Hell is doing is he's.
• 22:02
  Speaker 1: Making libels go insane. And the reason why is because
• 22:06
  Speaker 1: he's doing what he said he was going to do.
• 22:08
  Speaker 1: And they're mad that he drank a beer with the
• 22:10
  Speaker 1: US hockey team. Remember that, Like they turned into like
• 22:13
  Speaker 1: some sort of like like worst case scenario. Horrific thing
• 22:16
  Speaker 1: that the FBI director slam to beer with the American
• 22:20
  Speaker 1: hockey team after we beat Canada. Last week, the fbis
• 22:25
  Speaker 1: executed a lot of different as he described them, ftoc's
• 22:30
  Speaker 1: on four separate continents in twenty four hours, Like this
• 22:34
  Speaker 1: is getting the work done.
• 22:36
  Speaker 7: Last week, the FBI executed four ftalks on four separate
• 22:39
  Speaker 7: continents in twenty four hours. We did this because we
• 22:42
  Speaker 7: had the backing of the White House and the US
• 22:44
  Speaker 7: government and the Department of Justice to go out and
• 22:46
  Speaker 7: apprehend criminals wherever they are. One such individual related to
• 22:49
  Speaker 7: fraud was apprehended in Turkey thanks to the relationships and
• 22:52
  Speaker 7: partnerships between Ambassador Tom Barrick and the Turkish government. Mister
• 22:56
  Speaker 7: Hilney was arrested after perpetrating a multi tie billion dollar
• 23:00
  Speaker 7: fraud in Turkey, apprehended and transferred back to the United
• 23:03
  Speaker 7: States of America. Will he were faced prosecution.
• 23:06
  Speaker 1: Now you listen to that, This is exactly what you want.
• 23:10
  Speaker 1: You want a guy who was out there, who was
• 23:13
  Speaker 1: going after the fraudsters and getting them. The FBI director
• 23:17
  Speaker 1: announced agency had arrested two of the most wanted fraudsters
• 23:20
  Speaker 1: already who would not celebrate this.
• 23:24
  Speaker 7: And in just the last two weeks, thanks to the
• 23:27
  Speaker 7: help of the American people in the world, we have
• 23:29
  Speaker 7: apprehended two of the most wanted fraudsters already. One of
• 23:32
  Speaker 7: those individuals, Herbert Leon Kimball, was apprehended in the Philippines.
• 23:36
  Speaker 7: He's an American citizen. He had been bilking, allegedly the
• 23:39
  Speaker 7: system against medicaid for billions of dollars since twenty fourteen,
• 23:43
  Speaker 7: one point two billion dollar in telemedicine specifically alone. That
• 23:47
  Speaker 7: individual was apprehended in the Philippines and transported back to
• 23:50
  Speaker 7: the United States of America. While he will now face
• 23:52
  Speaker 7: justice and in just the last.
• 23:53
  Speaker 1: I mean, this is amazing. This is what the FBI
• 23:58
  Speaker 1: was supposed to do. This is what the FBI's job is.
• 24:04
  Speaker 1: Fraud is no longer being put up with and it's
• 24:06
  Speaker 1: no longer being tolerated. That's what the FBI director said.
• 24:11
  Speaker 1: And this goes back to the main point about Donald Trump,
• 24:18
  Speaker 1: and he said, I'm going to go after those that
• 24:20
  Speaker 1: are abusing the system. We're going to go after people
• 24:25
  Speaker 1: that are corrupt. We're going to go after people that
• 24:30
  Speaker 1: are doing these things. And by the way, we have
• 24:31
  Speaker 1: two men, more men, two more that we're arrested, for example,
• 24:35
  Speaker 1: in the UFC terear plot at the White House. And
• 24:39
  Speaker 1: you look at that news that came out this morning.
• 24:43
  Speaker 1: The FBI is not just doing these fraud they're keeping
• 24:47
  Speaker 1: us safe.
• 24:47
  Speaker 2: They're doing all of what they're supposed to be doing.
• 24:51
  Speaker 8: Two more men have been arrested by the FBI, this
• 24:53
  Speaker 8: time in Missouri and Washington State, threatening to murder people
• 24:57
  Speaker 8: at President Trump's UFC event right here at the White
• 25:00
  Speaker 8: House on June fourteenth that also coincided with Flag Day,
• 25:03
  Speaker 8: the Army's birthday, and President Trump's birthday. Now newly unsealed
• 25:08
  Speaker 8: court records identified Jordan Rinker and William Faugner, not to
• 25:11
  Speaker 8: be confused with the Great American author as defending six
• 25:14
  Speaker 8: and seven and what authorities say have become a mass
• 25:16
  Speaker 8: casualty attack could have. Prosecutors alleged the plot called for
• 25:20
  Speaker 8: explosive laden drones to strike near the White House before
• 25:23
  Speaker 8: sniper teams opened fire on attendees. Investigators say Rinker played
• 25:27
  Speaker 8: a supporting role, accepting twelve hundred dollars from legged ringleader
• 25:31
  Speaker 8: at Abraham Alvarez, transferred to Pump as shotgun discussing carrying
• 25:36
  Speaker 8: explosive laden drones, using a three D plinter to produce
• 25:40
  Speaker 8: drum components and seeking explosive materials. Now total of seven
• 25:43
  Speaker 8: men have been arrested in connection with the plot of
• 25:46
  Speaker 8: bringing havoc here to the White House to disrupt that
• 25:48
  Speaker 8: UFC fight card, attack fans leaving the event.
• 25:52
  Speaker 2: That is why of the fbis here. They are here
• 25:55
  Speaker 2: to go out there and get these individuals and keep
• 25:58
  Speaker 2: America safe. This is not hard.
• 26:02
  Speaker 1: And when the FBI director says America should take a look,
• 26:04
  Speaker 1: you should take a look at what leadership from the
• 26:06
  Speaker 1: White House and potus priorization to go after and combat fraud.
• 26:09
  Speaker 2: Looks like fraud is no longer being tolerated. Like what a.
• 26:13
  Speaker 1: Message to send while also announcing what they got to announce,
• 26:18
  Speaker 1: which is, oh yeah.
• 26:20
  Speaker 2: Here are not one person. We're not just gonna throw
• 26:23
  Speaker 2: like one up there. No, we're gonna we're gonna.
• 26:27
  Speaker 1: Have a fraud crackdown that scores another huge victory with
• 26:29
  Speaker 1: more than four hundred and fifty arrests and charge in
• 26:33
  Speaker 1: more than six point five billion dollars in fraud.
• 26:39
  Speaker 2: That's what we're going to do.
• 26:41
  Speaker 1: God bless the men and women in uniform that are
• 26:44
  Speaker 1: doing this, when you have all these officials all working together,
• 26:49
  Speaker 1: all actually for the first time, doing what needs.
• 26:52
  Speaker 2: To be done like this, is amazing.
• 26:55
  Speaker 1: I hope you'll take all the audio that I just
• 26:57
  Speaker 1: played for you. Please share our podcast us wherever you
• 27:01
  Speaker 1: are on social media to help us grow, and I
• 27:03
  Speaker 1: will see you back here tomorrow