, 4 tweets, 2 min read Read on Twitter
Kiwi Andrew Pearse is one of three ex-Credit Suisse bankers charged over US$2b loan fraud.

This is an incredible story about how loans to poor countries are abused, and bribes and kickbacks paid.

This is unlikely a “one of”
What about Foundations etc

stuff.co.nz/business/world…
Well done @NZStuff for publishing some of back story on this scandal.

This is unlikely an isolated event.
$billions in loans to poor countries are being exploited by fraudsters and corrupt officials 👉🏼protected by secrecy.

What about military funding?

stuff.co.nz/business/world…
What percentage of “donations” to entities like the Clinton Foundation or charity NGOs ever actually go to help people in need (vs create profiteering opportunities for cronies, and/or fund their non-charity bureaucracy, flash travel and/or political interests etc

Remember Haiti
The world is in the mess its in, because governments and corporations have utter contempt for privacy.
They want it all, right down to our biometrics and DNA.

But they hide under an accountability-avoiding cloak of secrecy
👉🏼 which enables waste, corruption, theft, fraud etc.
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