We know what’s coming and we are prepared.
🇮🇳 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.
🔗 Stock Market News
WOW 🚨 The Republican Party is protecting Ilhan Omar from accountability
Rep Nancy Mace “I tried to subpoena her immigration records, her brother husband's immigration records, and IT WAS REPUBLICANS that killed my motion”
It’s a Uniparty. One Big Club.
https://x.com/WallStreetApes/status/2029691279555305592?s=20
Iran War & Fuel Rationing – are “Energy Lockdowns” on the way?
The war in Iran is having the impact that most people with any sense knew it would have: The price of oil is going up, and the supply of oil is going down.
Of course, whether or not the latter of these is actually true we will never know, and it’s beside the point. Oil companies will natural take the slightest excuse to price gouge and contrive scarcity for the basest of profit motives.
It also serves a political motive as well, since we know the global political machinery is –
against free travel…...
Read full article ...
https://off-guardian.org/2026/03/16/iran-fuel-rationing-are-energy-lockdowns-on-the-way/
That means that of the 2.1mn tonnes of urea — the world’s most widely used nitrogen fertiliser — that would normally have been loaded for export over the past two weeks, about half has been disrupted.
At the same time, more than 1.1mn tonnes of fertiliser and fertiliser inputs, including 570,000 tonnes of urea, is currently stuck in the Gulf, either being loaded or already on ships, according to Kpler data.
Nitrogen fertilisers, which underpin about half of global food production, are made from ammonia using natural gas, which has soared in price since the war began last month.
The shortages have begun during the northern hemisphere’s planting season, leading industry executives to warn of lower harvests for staples such as rice.
If the disruption continues, “this will be much worse than 2022”, said Veronica Nigh, senior economist at The Fertilizer Institute, a US-based trade group. “The longer the conflict goes on, the more dire the situation will become.”
The Middle ...
With reference to the University of Kent meningitis outbreak. All exams being conducted atm are to be taken online. Campus is open as usual. Outbreak was traced to a canterbury nightclub called club chemistry , popular with students in which 2 students (1- UKC student, 1- Faversham college student) have sadly died.
