🇮🇳 Indian citizen, Bankim Brahmbhatt scammed BlackRock and BNP Paribas out of 552.6 million $ to fund a fake private equity fund, Carriox Capital
Brahmbhatt ran Carriox Capital, a New York telecom financing outfit that convinced BlackRock's HPS Investment Partners and BNP Paribas to lend him $552.6 million. The entire deal was built on one claim: he had legitimate receivables from T-Mobile, Telstra, BICS, Telecom Italia Sparkle, and Taiwan Mobile backing the loans.
None of it was real. Brahmbhatt forged contracts that appeared to be signed by representatives from these carriers. He created fake invoices supposedly issued by these companies claiming they owed Carriox money. Then he spoofed email addresses mimicking these carriers' real domains and sent fake verification emails to make the receivables look legitimate. By stacking these fabricated invoices on top of each other, he created what looked like $500+ million in collateral. The lenders saw assets and funded the deal without catching any of it.
Here's where it gets embarrassing. When HPS and BNP Paribas finally tried to verify these receivables by actually calling T-Mobile, the carrier said they had no idea what Carriox was talking about. No contracts. No invoices. Nothing existed. One phone call would have instantly revealed the entire fraud. These are supposed to be institutional-grade lenders with world-class risk management. Yet somehow they missed basic due diligence.
While all this was happening, Brahmbhatt's people were also stealing cash. Whenever payments came through the lender-controlled collection accounts, instead of applying those funds to the debt, they diverted the money offshore. So he wasn't just fabricating collateral. He was stealing actual cash flows in real time.
Lenders sued in August 2025 and froze all assets. Carriox filed for Chapter 11 bankruptcy with $500 million to $1 billion in liabilities and basically zero assets remaining. HPS is sitting on $552.6 million in losses with nothing to recover against.
The kicker is BlackRock acquired HPS for $12 billion in July 2025 specifically to expand into private credit and get access to its $148 billion platform. Within 90 days of closing that deal, they're holding a half-billion dollar fraud loss on receivables that HPS supposedly vetted and monitored.
That's not just a bad deal. That's a massive question mark about whether one of the world's largest asset managers actually has the infrastructure to verify complex collateral in modern lending markets. If BlackRock's $12 trillion asset management machine can miss $500+ million in forged documents and fake invoices, what else are they missing? This is the systemic risk that should concern everyone.
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It's easy to mock this guy, laugh at him, say it's always Gingers etc.
However why are we not asking why, as a society, young men are making life choices like this?
Same as anyone who chooses to go against our natural order with how they live.
Something has gone badly wrong.
“Oregon is using satellites to hunt small farms.”
Farmer Justin Rhodes says the state redefined “CAFO” so even 3 cows and a milking stand count as a factory farm.
Cease-and-desist letters. $100K “upgrades.” Family farms shut down.
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“The fetal bovine serum is just disgusting, and it’s in almost every viral vaccine. They harvest it by inserting a needle into the beating heart of a baby cow to extract its blood. Where is PETA when you need them? The FDA even admits they use ‘cow parts’ because cows are large and have a lot to use.”
@NoAgendaLara
🧊 New research shows ice is slippery because of electrical charges — not pressure and friction.
For almost 200 years, the prevailing explanation for ice’s slipperiness was that friction or pressure from a skate, boot, or tire melted a microscopic film of water on the surface, creating a lubricating layer. A new study from Saarland University has overturned that long-standing idea.
Instead, the true cause lies in the electric fields generated by molecular dipoles. When any object contacts ice, the partial charges in its own molecules interact with the highly ordered dipole arrangement of water molecules in the ice crystal. This electrostatic tug-of-war loosens the topmost layer of the ice lattice, transforming it into a thin, disordered, quasi-liquid film—without any need for heat or significant pressure.
Remarkably, this self-lubrication mechanism works even at temperatures approaching absolute zero, where thermal energy is virtually absent and conventional pressure-melting or ...
Worth noticing: Israeli startup Remilk is launching New Milk, a low-sugar, lactose-free milk featuring recombinant dairy proteins made in fermentation tanks, rather than from cows.
The product, rolling out in cafés and restaurants across Israel this week and hitting major retailers nationwide next month.
CEO Aviv Wolff claims, "It gives you the same experience as traditional dairy without the downsides," having burned $150M to engineer a strain of yeast that spits out beta-lactoglobulin.
Oh, and they claim it's kosher. 🤡
This is the next phase of technocratic food: reality replaced by simulation, fermentation tanks standing in for cows, proteins stripped from context and sold as “progress.”
Microsoft now owns the farm’s data
Land O'Lakes has partnered with Microsoft, handing over its decades of farm-level ag data to Azure AI Foundry, wrapped inside a new “digital assistant” called Oz.
The pitch: optimization and risk mitigation.
The reality: soil becomes data, farmers become operators, decisions mediated by algorithms.
The empire/technocrats seek to quantify and control every aspect of reality. But the harder they squeeze, the squishier reality becomes, slipping through their fingers...
#ai #WarOnFarms