Latest / True Crime and Wine Time / S4 E19 TCWT Live! Tangled Webs of Greed - Financial Crimes Exposed!

Transcript

S4 E19 TCWT Live! Tangled Webs of Greed - Financial Crimes Exposed! · True Crime and Wine Time

• 0:13
  Speaker 1: Yeah, yeah, yeah.
• 1:01
  Speaker 2: Oh hi everybody, Hello everyone, Hello JT.
• 1:08
  Speaker 3: Hello. Did you see did you see the notification that
• 1:11
  Speaker 3: came up at the top of stream yard as we
• 1:13
  Speaker 3: hit go live?
• 1:15
  Speaker 4: I did not. What did it say?
• 1:19
  Speaker 3: Bends us over again. Apparently you need a premium account
• 1:24
  Speaker 3: in order to stream on Twitter.
• 1:26
  Speaker 4: I have seen that with doing Midday missing because I
• 1:31
  Speaker 4: even went look to see what it at cost, and
• 1:33
  Speaker 4: I was going to do it, and I was like,
• 1:35
  Speaker 4: you know what, I am not putting a dime in
• 1:37
  Speaker 4: that mofo's pocket.
• 1:39
  Speaker 3: Sorry, yeah, no, And I think that, Hey, captain, I
• 1:45
  Speaker 3: think we can find a different place to put it.
• 1:48
  Speaker 3: I think we can find a different place. There's got
• 1:50
  Speaker 3: to be yeah, I mean we could drop it on Twitch. Honestly,
• 1:54
  Speaker 3: we can put it anywhere. This is a.
• 1:57
  Speaker 4: Perfect time, thinking about Elon us to show my birthday shirt.
• 2:04
  Speaker 3: Yes, everybody, take a look at the birthday shirt. Free
• 2:08
  Speaker 3: speech excoed over the other way. There you go, ra.
• 2:14
  Speaker 4: Elon, don't be a concosaurus, right, That's all.
• 2:21
  Speaker 3: I'll tell you what. The last week has proven the
• 2:24
  Speaker 3: very opposite for him, so I know.
• 2:27
  Speaker 4: Considering he's moving everything to Texas. Oh lord, yes, I
• 2:37
  Speaker 4: got this from my birthday yesterday. I haven't gotten my
• 2:41
  Speaker 4: Sparkle Puss shirt yet, but it's coming.
• 2:47
  Speaker 3: I believe it. I have it.
• 2:50
  Speaker 4: Have you been since Denver?
• 2:54
  Speaker 3: I know this is not as fun. It's not.
• 2:59
  Speaker 4: It's much for fun. Well, I didn't take any Colorado
• 3:03
  Speaker 4: gummies today, so I should be much better today.
• 3:08
  Speaker 3: I do need to shop.
• 3:09
  Speaker 4: You I've got yours and they've been helping me sleep.
• 3:14
  Speaker 3: Yeah. Well, yes, yeah, that was definitely a benefit. I
• 3:19
  Speaker 3: really Yeah. So I'm missing it. I'm missing it, but
• 3:25
  Speaker 3: you're missing it now, did you get Yeah, let's not.
• 3:31
  Speaker 4: Oh, you know, we'll have to talk about him in
• 3:33
  Speaker 4: a minute. But did you see at the podcast thing?
• 3:38
  Speaker 4: I got one of these for double h Yes, do
• 3:45
  Speaker 4: you remember we interviewed with them, But I brought it
• 3:48
  Speaker 4: in and I gave it a dumble lady. I said,
• 3:50
  Speaker 4: in case you forgot, I'm always right.
• 3:55
  Speaker 3: And he said, you'll always remind me. What do I
• 3:58
  Speaker 3: need a sticker for?
• 3:59
  Speaker 4: Yeah, that's true, that's true. But I will say it
• 4:04
  Speaker 4: was wonderful being in Denver together.
• 4:12
  Speaker 3: It really was, you know. And I think we said
• 4:16
  Speaker 3: this on a couple of the lives, but it it's
• 4:20
  Speaker 3: nice when I can hear something no, it's nice. It's
• 4:28
  Speaker 3: nice when people pretty much are how they are, you know,
• 4:32
  Speaker 3: no surprises. So that was that made it super fantastic.
• 4:38
  Speaker 3: What to get, y'all? Yeah, that's it. This is pretty much.
• 4:44
  Speaker 4: What mickey ears because my girlfriend gave me one, two, three, four,
• 4:50
  Speaker 4: five different designs of ears. Election already have because your
• 4:59
  Speaker 4: birthday was yesterday?
• 5:03
  Speaker 3: Yesterday, Yes, yesterday? Oh good grief?
• 5:06
  Speaker 4: Oh wait, what is today? Was it yesterday?
• 5:13
  Speaker 3: I thought it was the day before, but it was
• 5:14
  Speaker 3: the day before.
• 5:15
  Speaker 4: It was the day before, it was the day before.
• 5:19
  Speaker 4: I've eaten bugs today, so they ate my brain.
• 5:25
  Speaker 3: You and you and Robert Kennedy Junior or whatever.
• 5:30
  Speaker 4: I did not intentionally eat bugs. It was an accident.
• 5:34
  Speaker 3: We're not gonna I'm just gonna bring it up, but
• 5:39
  Speaker 3: we're not going to talk about it.
• 5:40
  Speaker 4: We're not going to talk about it. I got extra protein.
• 5:46
  Speaker 4: We'll say that.
• 5:49
  Speaker 3: In addition to everything else. If anybody is confused as
• 5:54
  Speaker 3: to why the beard is gone, I did a murder
• 5:59
  Speaker 3: mystery thing in the courtyard the other night, and uh
• 6:04
  Speaker 3: I did not play a man at all. In fact,
• 6:10
  Speaker 3: I played two women in all. Thanks here, I'll I'll
• 6:19
  Speaker 3: bring it up. Let's see can I bring it up?
• 6:25
  Speaker 3: See okay, good and you say that that's the right thing.
• 6:30
  Speaker 3: It was. It was something. It was. It was a
• 6:33
  Speaker 3: whole new world. Let's see present. There we go, there
• 6:45
  Speaker 3: it is.
• 6:48
  Speaker 4: You look beautiful.
• 6:51
  Speaker 3: I was going for Penelope, apparently from Criminal Minds.
• 6:55
  Speaker 4: I wasn't you look like Penelope. I think you're prettier
• 6:59
  Speaker 4: than I wish I got you.
• 7:02
  Speaker 3: Stop it, you stop it, okay.
• 7:11
  Speaker 4: I was like, okay, I'm not gonna say what I
• 7:13
  Speaker 4: was gonna say. I will say someone asked me, sent
• 7:17
  Speaker 4: me a message, so they had watched our live stream,
• 7:21
  Speaker 4: one of our quick ones we did while we were
• 7:23
  Speaker 4: in Denver. So had a friend messaged me because you
• 7:26
  Speaker 4: were drinking coffee and I was drinking wine, because you
• 7:30
  Speaker 4: said you were tired, and I jokingly said I wore
• 7:32
  Speaker 4: you out. I got asked if my pineapples needed to
• 7:37
  Speaker 4: be turned upside down.
• 7:44
  Speaker 3: No, no they don't.
• 7:45
  Speaker 4: I was like, y'all are precious. I mean, I was like, yeah,
• 7:48
  Speaker 4: you're precious. I slept. I'm sorry. That was as much
• 7:53
  Speaker 4: excitement as there was in the venture.
• 7:56
  Speaker 3: JT JT turned the gase with Sean.
• 8:02
  Speaker 4: Yeah, because you were you were more interested in somebody else,
• 8:05
  Speaker 4: and I guess I shouldn't say his name out will
• 8:08
  Speaker 4: Joey for everybody to hear who has friended you and
• 8:15
  Speaker 4: not me, so obviously the feeling was mutual and not
• 8:22
  Speaker 4: this way.
• 8:27
  Speaker 3: I you know, it's really funny because I also I had,
• 8:30
  Speaker 3: you know, you know how on Instagram they have those
• 8:33
  Speaker 3: the reels and whatever. I didn't realize because I'm brilliant,
• 8:37
  Speaker 3: I didn't realize that when you comment on a reel,
• 8:40
  Speaker 3: it actually sends them a d m.
• 8:42
  Speaker 4: Uh huh it does.
• 8:44
  Speaker 3: So I commented on one of Ellen's reels and I
• 8:47
  Speaker 3: was like, when do you rest and how you have
• 8:49
  Speaker 3: how do you have time for it all? Which of
• 8:51
  Speaker 3: course is pot calling kettle black. I was like, the
• 8:53
  Speaker 3: world must know. She had the best answer ever. She
• 8:57
  Speaker 3: goes cocaine. Never tried it, but I'm gonna start real soon.
• 9:02
  Speaker 4: Okay. I love that response, right.
• 9:07
  Speaker 3: I was like, I'd take them some mornings about this
• 9:09
  Speaker 3: whole true crime genre because that's pretty much that's that's
• 9:12
  Speaker 3: that's it, that's where you end up. You end up
• 9:14
  Speaker 3: there or hating the world. It's one of the two.
• 9:16
  Speaker 3: You don't get you don't yes, for sure, let's not
• 9:24
  Speaker 3: do that that's a whole math. It's the whole myth.
• 9:28
  Speaker 4: I will tell you here. I was in Denver and
• 9:32
  Speaker 4: then I went to California, and I have to say
• 9:36
  Speaker 4: that it was kind of cool to travel so much
• 9:41
  Speaker 4: back to back, but I've discovered that I'm old and
• 9:46
  Speaker 4: I really need sleep after.
• 9:51
  Speaker 3: The Yeah, the trip back was miserable.
• 9:59
  Speaker 5: Night.
• 10:00
  Speaker 3: You did break it my deal and.
• 10:02
  Speaker 4: I had to go through the airport with my shoe broken.
• 10:08
  Speaker 3: I mean you had it was like you had like
• 10:09
  Speaker 3: twelve more gates. I yeah, I I needed. I honestly,
• 10:17
  Speaker 3: I probably needed three days of doing nothing to recover
• 10:21
  Speaker 3: because eleven fifty nine, leaving getting in at at five
• 10:25
  Speaker 3: something because of the the time difference because we time zone.
• 10:29
  Speaker 3: We don't time zone here, and then finally getting into
• 10:33
  Speaker 3: Richmond at eight thirty, and then driving straight to work
• 10:35
  Speaker 3: and working till five. And I have never hated my
• 10:39
  Speaker 3: life more than I did at the end of that day.
• 10:42
  Speaker 3: Thank God for missus Bruce brew Crime understanding and being
• 10:46
  Speaker 3: fantastic about it that she was like, kids, I know
• 10:50
  Speaker 3: Dad's home, he's he's shown you some photos, he whatever.
• 10:55
  Speaker 3: Oh he's going to bed.
• 10:58
  Speaker 4: So yep, Well, I'll tell you my very first time
• 11:05
  Speaker 4: I flew to Manila. I did that. I got off
• 11:08
  Speaker 4: the plane after flying all of those hours, and I
• 11:12
  Speaker 4: went straight to the call center in the middle of
• 11:16
  Speaker 4: the night.
• 11:20
  Speaker 3: Yeah, and I about my memories, Yeah, my memories of
• 11:25
  Speaker 3: flying or when I was younger and I was perfectly fine,
• 11:28
  Speaker 3: and I'm plane for as long to get to Japan
• 11:31
  Speaker 3: as it was, and I I would like to think
• 11:36
  Speaker 3: I could do that now, But now I know when
• 11:38
  Speaker 3: my why my dad makes so many noises when he
• 11:40
  Speaker 3: stands up. So it's a regular old smorgasbord of.
• 11:47
  Speaker 4: Just it is.
• 11:49
  Speaker 3: Yeah, but here we are, here, we are we got
• 11:56
  Speaker 3: we just uh right before this, we met for an hour.
• 11:58
  Speaker 3: We've got a lot of cool stuff coming, so you'all
• 12:01
  Speaker 3: better be ready and beware. Uh. And do you want
• 12:04
  Speaker 3: to talk about the time shift?
• 12:07
  Speaker 4: Yes, So to help keep everything more regulated, kind of
• 12:12
  Speaker 4: like a bowel movement. I guess you always.
• 12:17
  Speaker 3: Start giving our channel fiber.
• 12:20
  Speaker 4: Yeah, we're giving it fiber. You always start your stuff
• 12:23
  Speaker 4: on the top of the hour at eight pm Central
• 12:26
  Speaker 4: nine pm Eastern. So instead of true crime and wine
• 12:30
  Speaker 4: time starting at seven thirty and eight thirty, we're going
• 12:33
  Speaker 4: to move it to be at eight Central nine Eastern,
• 12:37
  Speaker 4: so that it is the same as night Court. Hey ho,
• 12:42
  Speaker 4: and our new production coming out.
• 12:48
  Speaker 3: Yes, so there's uh, there's a new thing that we're
• 12:52
  Speaker 3: going to be doing. It's going to be like mini
• 12:56
  Speaker 3: series style things. And then once that one's overall moving
• 12:59
  Speaker 3: the next one. I'm not gonna tell you too too
• 13:01
  Speaker 3: much about that just yet, and then night Court is
• 13:05
  Speaker 3: getting an overhaul. There's there's a lot that I love
• 13:10
  Speaker 3: and there's a lot that I want to fix. And
• 13:13
  Speaker 3: I am the kind of person who I'm not bored
• 13:18
  Speaker 3: with the idea, but I think it's feeling stale. And
• 13:23
  Speaker 3: if I think it's stale, it is most assuredly stale
• 13:26
  Speaker 3: on the other side, even if you're very nice to me.
• 13:29
  Speaker 3: So uh it is, you know, kind of at that
• 13:34
  Speaker 3: point where I think we need to refresh. I think
• 13:36
  Speaker 3: we need to go a little more recent, and so
• 13:39
  Speaker 3: we're going to see what we can do with that.
• 13:42
  Speaker 3: And I'll leave that at that because it's gonna take
• 13:45
  Speaker 3: some It's gonna take me a moment and not too
• 13:47
  Speaker 3: long because we're gonna start doing new stuff soon. But
• 13:51
  Speaker 3: but uh, I need to kind of get in I
• 13:54
  Speaker 3: need to get in my head and out of my
• 13:55
  Speaker 3: head at the same time in order to just put
• 13:56
  Speaker 3: everything together.
• 13:58
  Speaker 4: So how about you get a good thing, all get
• 14:00
  Speaker 4: in your head.
• 14:03
  Speaker 3: That I mean apparently I wear a dress really well.
• 14:06
  Speaker 4: So I'm going to just tell you, nobody wants to
• 14:11
  Speaker 4: be in my head. Nobody wants to be in there.
• 14:14
  Speaker 4: It's scary, but no.
• 14:16
  Speaker 3: The frightening place.
• 14:17
  Speaker 4: By next week, we will publish everything that we're going
• 14:22
  Speaker 4: to be doing for August so that anybody who looks
• 14:25
  Speaker 4: at our YouTube channel will be able to see it.
• 14:27
  Speaker 4: The other change we made is that we are going
• 14:30
  Speaker 4: to go back to editing these live streams to be
• 14:34
  Speaker 4: released on the podcast apps. It appears people like the
• 14:39
  Speaker 4: finished version that DOUBLEH does cutting out all of our
• 14:43
  Speaker 4: bs and all of our you know, all of that stuff,
• 14:47
  Speaker 4: so we are going to go back to doing that.
• 14:51
  Speaker 3: Yeah, So if you like, if you like the condensed stuff,
• 14:55
  Speaker 3: you know, we still want you. We'd love to have
• 14:57
  Speaker 3: you here for the other shows. But if you prefer
• 14:58
  Speaker 3: that condensed kind of case, then definitely. I mean, subscribe
• 15:03
  Speaker 3: to our podcast as well, but you know we're here too.
• 15:07
  Speaker 3: This is where we do the live stuff. This is
• 15:08
  Speaker 3: where you get the unscripted silliness. So which there's still
• 15:13
  Speaker 3: silliness on that just.
• 15:15
  Speaker 4: Next well, but double H puts it in check and
• 15:19
  Speaker 4: he tries really hard to make me sound intelligent and
• 15:22
  Speaker 4: delete all of my stupid comments so that people think
• 15:24
  Speaker 4: I'm smart.
• 15:27
  Speaker 3: You aren't stop it. Okay, we're gonna let's let's get
• 15:32
  Speaker 3: to go to news. What do you think get home
• 15:36
  Speaker 3: with him?
• 15:39
  Speaker 4: Face job?
• 15:40
  Speaker 1: What do you think?
• 15:43
  Speaker 3: I don't watch the news because we see this do
• 15:47
  Speaker 3: every day? I mean every day. I think this kid
• 15:51
  Speaker 3: taps out on that floora people wanted to be It's
• 15:55
  Speaker 3: just like, dude, you get the best pharols ever, Dude, just.
• 15:59
  Speaker 6: Like we're out here. Uh, what's what's the best kind
• 16:01
  Speaker 6: of fireworks to buy?
• 16:02
  Speaker 3: Wouldn't you like to know? Whether? Boy, where are your parents? Oh? Man,
• 16:17
  Speaker 3: look we got it, we got some We got fantastic
• 16:20
  Speaker 3: ears for the lesson fantastic news. So question for you,
• 16:26
  Speaker 3: what is the weirdest beauty trend that you've either taken
• 16:31
  Speaker 3: part in or heard of?
• 16:35
  Speaker 4: Vampire facials?
• 16:41
  Speaker 3: That's right, forgot, that is a weird one.
• 16:46
  Speaker 4: That is weird.
• 16:49
  Speaker 3: This is confusing to me though, because it's backed by
• 16:53
  Speaker 3: some science. But I really want to see what science.
• 16:58
  Speaker 3: So on a recent episodesode of a show that I've
• 17:01
  Speaker 3: never watched, a full episode of The Kardashians, Kim Kardashian
• 17:06
  Speaker 3: revealed that she tried a new beauty protocol using salmon sperm.
• 17:15
  Speaker 4: What did she do with salmon sperm?
• 17:20
  Speaker 3: She got a salmon sperm facial with salm and sperm
• 17:23
  Speaker 3: injected into her face. Okay, apparently she's not the only
• 17:34
  Speaker 3: person to put salmon seamen on her face, Sam says
• 17:39
  Speaker 3: Sandra Bullock, but also Jennifer Aniston apparently does it. But
• 17:43
  Speaker 3: there's this strange fascination in the world of beauty with
• 17:47
  Speaker 3: putting sperm on somebody's face.
• 17:51
  Speaker 4: Does it happen to me?
• 17:54
  Speaker 3: Okay, I don't, I do? You're right?
• 18:02
  Speaker 4: I mean, I guess it's a modern day version of
• 18:07
  Speaker 4: a pearl necklace, but from a salmon.
• 18:12
  Speaker 3: A row necklace. Part of the practice stems from the
• 18:17
  Speaker 3: long held myth that's spermine, an antioxidant and anti inflammatory
• 18:21
  Speaker 3: agent found in sperm and cells in the human body,
• 18:24
  Speaker 3: is good for the skin. However, limited research suggests there
• 18:27
  Speaker 3: might be something to salmon sperm after all. Technically called
• 18:31
  Speaker 3: salmon PDRN, which stands for polydioxy waribo, nucleotides. The fishy
• 18:41
  Speaker 3: ingredient is extracted from the sperm cells of the salmon
• 18:45
  Speaker 3: or salmon trout. According to the twenty seventeen study in
• 18:49
  Speaker 3: Frontiers and Pharmacology, the manufacturing process quote represents a new
• 18:53
  Speaker 3: advancement in the farm in pharmac pharmacotherapy and grant and
• 18:58
  Speaker 3: guarantees the absence of active proteins and peptides that could
• 19:02
  Speaker 3: cause immune reactions. However, several of the study authors do
• 19:05
  Speaker 3: declare holding patents on various therapies employing that tech. It's
• 19:13
  Speaker 3: I don't, I don't. I don't think it's not worth
• 19:22
  Speaker 3: Do they.
• 19:23
  Speaker 4: Kill Do they kill the salmon to get the sperm out?
• 19:31
  Speaker 4: Or is there a way that they give them a
• 19:33
  Speaker 4: fine job or something?
• 19:36
  Speaker 3: I have no idea.
• 19:39
  Speaker 4: Be a finn job, fin job.
• 19:43
  Speaker 3: There. So this guy shot her. Doctor Sophie's shotter is
• 19:48
  Speaker 3: an aesthetics doctor. I don't know what that means, but
• 19:52
  Speaker 3: she said that salmon sperm is very biocompatible and it
• 19:56
  Speaker 3: has the potential to affect impressive changes in this without
• 20:00
  Speaker 3: changing the face's shape and structure. Quote. This doesn't mean,
• 20:05
  Speaker 3: in my opinion, that it replaces other treatments, but it
• 20:07
  Speaker 3: is an incredible adjunct, particularly for treating areas which have
• 20:10
  Speaker 3: previously been challenging with injectables, such as the eye area.
• 20:16
  Speaker 4: I don't, right, I just pulled it up, and I'm
• 20:26
  Speaker 4: going to just say no, I will just age somewhat
• 20:31
  Speaker 4: gracefully without putting their sperm on my face.
• 20:36
  Speaker 3: Right. That's that's what I That's what I gotta say
• 20:39
  Speaker 3: about alert.
• 20:41
  Speaker 4: I think the Kardashians are one of the first that
• 20:44
  Speaker 4: started doing the vampire facials.
• 20:50
  Speaker 3: Oh yeah, yeah, well, you know, from facials to urination. Right.
• 20:56
  Speaker 3: This next story is about astronauts because apparently, and we
• 21:01
  Speaker 3: know that spacewalks can last a very long time, very
• 21:05
  Speaker 3: long time. And astronauts, what are they gonna do? Hold
• 21:09
  Speaker 3: it the whole time? You can't just say, mom, I
• 21:11
  Speaker 3: want to come inside for go to the bathroom and
• 21:14
  Speaker 3: take off your shoes. Right, they wear a diaper. Well,
• 21:17
  Speaker 3: astronauts could ditch diapers on spacewalks thanks to a new
• 21:20
  Speaker 3: device that lets them drink their pea.
• 21:25
  Speaker 4: Okay, that is not where I thought that was going,
• 21:28
  Speaker 4: thank you.
• 21:30
  Speaker 3: Ah. So spacewalks last up to eight hours. Mags, which
• 21:35
  Speaker 3: are maximum absorbency garments diapers can leave astronauts physically uncomfortable
• 21:41
  Speaker 3: and at a risk for skin irritation and infection that
• 21:45
  Speaker 3: checks out. UH. They also don't recycle the water in urine,
• 21:48
  Speaker 3: so while on their walk, astronauts must rely on a
• 21:51
  Speaker 3: fixed supply of point two gallons of water that they
• 21:55
  Speaker 3: carry in an in suit drinking bag. But scientists think
• 22:01
  Speaker 3: they have a solution to this problem, a new lightweight
• 22:04
  Speaker 3: system that can collect and purify around one point six
• 22:06
  Speaker 3: y nine fluid ounces of water from urine within a
• 22:10
  Speaker 3: person spacesuit and in just five minutes. If implemented, the
• 22:13
  Speaker 3: system would involve astronauts wearing an undergarment that's made from
• 22:16
  Speaker 3: a flexible compression material and lined with antimicrobial fabric. The
• 22:21
  Speaker 3: system also includes a humidity sensor that senses urine. The
• 22:25
  Speaker 3: sensor sits within a silicone cup beneath the wearer's genitalia.
• 22:31
  Speaker 3: The new systems still in the Okay, so here's the
• 22:36
  Speaker 3: thing that kills me. This system is in the testing stages.
• 22:40
  Speaker 3: If I was testing a phone, I would totally be
• 22:42
  Speaker 3: a beta tester. I don't know if I want to
• 22:44
  Speaker 3: be a beta tester for this. I don't want to
• 22:49
  Speaker 3: find out, you know, like who wants to be the
• 22:50
  Speaker 3: first person to be like, hey, drink this and see
• 22:52
  Speaker 3: if it worked. Well, not my thing.
• 22:57
  Speaker 4: There was a thing in Carea, I believe it was
• 23:01
  Speaker 4: years ago that there was a beauty salon type thing,
• 23:06
  Speaker 4: a spot. I don't know what it was called back then,
• 23:09
  Speaker 4: but women would drink their own urine, collect it and
• 23:15
  Speaker 4: drink it because it was supposed to help with making,
• 23:20
  Speaker 4: you know, their skin look younger and also reduce your
• 23:24
  Speaker 4: food cravings. And I remember when I heard that, I
• 23:27
  Speaker 4: was like, well, it just reduced my food cravings.
• 23:33
  Speaker 3: Right, It's like, did somebody also have a camera set
• 23:36
  Speaker 3: up to watch this, like and get got something out
• 23:39
  Speaker 3: of it afterwards? Like that's that doesn't make sense.
• 23:42
  Speaker 4: Well, I mean if you have to drink it because
• 23:46
  Speaker 4: you're lost in the woods somewhere and it's that or
• 23:50
  Speaker 4: die woods, I mean, I would hope I'm carrying a
• 23:56
  Speaker 4: purifying tablet to drop into it before I drink it.
• 24:01
  Speaker 4: But I might just give up and say let me
• 24:03
  Speaker 4: go to.
• 24:04
  Speaker 3: Sleep yep, Okay, bye everybody. Well it's an ex salmon
• 24:10
  Speaker 3: sperm and you and urine aren't good enough for you.
• 24:13
  Speaker 3: Sharks off the coast of Brazil have tested positive for
• 24:16
  Speaker 3: cocaine because that's what we need. We need a sidebotstone
• 24:21
  Speaker 3: brought to life. Right. They tested, Yeah, they tested thirteen
• 24:27
  Speaker 3: Brazilian sharp nose sharks taken from the shores air shores
• 24:30
  Speaker 3: near Rio de Janeiro, and they found that they tested
• 24:33
  Speaker 3: for high levels of cocaine in their muscles and liver.
• 24:36
  Speaker 3: The concentrations were as much as one hundred times higher
• 24:39
  Speaker 3: than previously reported for other aquatic creatures. The research is
• 24:45
  Speaker 3: the first to find the presence of cocaine and sharks.
• 24:47
  Speaker 3: They think that it's making its way into the waters
• 24:50
  Speaker 3: via illegal labs where the drug is manufactured, or through
• 24:54
  Speaker 3: excrement of drug users. How much extrement does an X excret,
• 25:00
  Speaker 3: excrit excrete to get cocaine? If that's what I said,
• 25:06
  Speaker 3: I don't it's a lot. I would have.
• 25:08
  Speaker 4: Thought them dumping the liquids into the water. But also
• 25:14
  Speaker 4: when they're smuggling drugs and they like throw them out
• 25:17
  Speaker 4: into the water in those big bulks, do they go
• 25:20
  Speaker 4: and eat them? I would think that is more realistic
• 25:24
  Speaker 4: than the excrement of extrements.
• 25:27
  Speaker 3: Extra I mean if it if it, if it dissolves
• 25:32
  Speaker 3: or whatever in the water, and then sharks filter water
• 25:35
  Speaker 3: through their gills. I mean, you're going to filter that cocaine, right,
• 25:39
  Speaker 3: I think. But what's really interesting is this person. Sarah
• 25:43
  Speaker 3: Novai Uh, who's an eco toxicologist at Polytechnic University. Uh
• 25:50
  Speaker 3: told Science Magazine that the findings are quote very important
• 25:53
  Speaker 3: and potentially worrying. Potentially when does it actually get worrying?
• 25:59
  Speaker 3: I mean, I don't know.
• 26:02
  Speaker 4: Are people swimming in that water too, because if the water,
• 26:06
  Speaker 4: did they test the water too or just the sharks.
• 26:10
  Speaker 3: It does not say that. It says that they tested
• 26:12
  Speaker 3: the sharks. They did say that all the female sharks
• 26:15
  Speaker 3: in the study were pregnant, but there was no The
• 26:21
  Speaker 3: consequences of cocaine exposure for fetuses is pretty much unknown
• 26:24
  Speaker 3: for sharks. However, previous research has shown that drugs are
• 26:28
  Speaker 3: likely to have similar effects on animals as they do
• 26:31
  Speaker 3: on humans. So you got a bunch of coked out
• 26:35
  Speaker 3: sharks just ready to go. Maybe that's why they're pregnant
• 26:40
  Speaker 3: because they're all coked out. I don't know, so yeah, Uh,
• 26:47
  Speaker 3: And I mean this isn't the first Last year, chemical
• 26:50
  Speaker 3: compounds including benzo BENZOI leg go Big Word, which is
• 26:56
  Speaker 3: produced by Yeah by the liver after cocaine use were
• 26:59
  Speaker 3: found and seawater samples collected off the south coast of England.
• 27:03
  Speaker 3: So I I don't think we actually know how much
• 27:07
  Speaker 3: cocaine's in the water at this point.
• 27:11
  Speaker 4: That is scary because think of the fresh fish that
• 27:15
  Speaker 4: we eat. Are we eating fish that maybe has cocaine
• 27:19
  Speaker 4: in it?
• 27:21
  Speaker 3: I mean we're eating who knows what the hell fish
• 27:24
  Speaker 3: then we eat.
• 27:27
  Speaker 4: Okay, that just made me think about a lot of things. Yep, Okay,
• 27:35
  Speaker 4: life choices, life choices, right, So yeah, anyways, that's the news, Uh.
• 27:45
  Speaker 3: This go around. So you're welcome cocaine, sir, and you're
• 27:54
  Speaker 3: in Asian.
• 27:56
  Speaker 4: I mean that's a trifecta. I never thought I would have.
• 28:01
  Speaker 3: Correct. All right, So before we before we hop into
• 28:06
  Speaker 3: the story, are are our cases tonight, which is financial
• 28:11
  Speaker 3: read and financial crimes? We want to talk a little
• 28:16
  Speaker 3: bit about what we're drinking or what you're drinking. I'm
• 28:20
  Speaker 3: I have a mixture of Buenevate's Salt and Limelogger and
• 28:25
  Speaker 3: my final buzzball, which I'm probably not going to open tonight. However, you,
• 28:31
  Speaker 3: on the other hand, have had a wonderful experience in
• 28:35
  Speaker 3: California and want to talk about it, and we have
• 28:38
  Speaker 3: also a video from where you went and we'll get
• 28:41
  Speaker 3: more into it now. So tell us.
• 28:45
  Speaker 4: So went to JAM Sellers It's J and M Sellers
• 28:50
  Speaker 4: to meet one of the investigators who's been helping on
• 28:54
  Speaker 4: the investigation into Chase Lackey's disappearance. And I do have
• 28:58
  Speaker 4: a picture of her and I to gather, but for
• 29:01
  Speaker 4: her safety because she does work on a lot of
• 29:04
  Speaker 4: human trafficking cases, I will share the picture once I
• 29:07
  Speaker 4: put a cute little thing over her face because we
• 29:10
  Speaker 4: don't want to put her in danger. But we went
• 29:13
  Speaker 4: to this seller's winery in downtown Napa and our waitress
• 29:20
  Speaker 4: was loving the true crime stuff. We were talking about
• 29:23
  Speaker 4: it and me, you know me, plus i'd had a few.
• 29:26
  Speaker 4: I said, well, you know, if y'all ever want to
• 29:29
  Speaker 4: sponsor us or give us wine, we will be happy
• 29:32
  Speaker 4: to drink it on the show. They came over and
• 29:38
  Speaker 4: gave me a bottle of rose, which I am drinking.
• 29:45
  Speaker 3: I will add the mail knee one and I have it.
• 29:49
  Speaker 3: Oh I don't.
• 29:50
  Speaker 4: I didn't. I was like, not going to look a
• 29:53
  Speaker 4: gift horse in the mouth. She offered me a bottle
• 29:56
  Speaker 4: and I was like, yep, I'm taking it. But one
• 29:59
  Speaker 4: of the cool things about this winery place they were friendly,
• 30:05
  Speaker 4: but it also kind of had a funky music vibe
• 30:08
  Speaker 4: to it. So some of the wineries feel very fancy,
• 30:12
  Speaker 4: very pretentious, very luddy doll, like the one I went
• 30:16
  Speaker 4: to where it was caviar Day, so they gave us caviar,
• 30:20
  Speaker 4: but we also spent a lot of money. So this
• 30:23
  Speaker 4: was very like if I lived there, I would be
• 30:26
  Speaker 4: grabbing my friends and going there and just hanging out
• 30:28
  Speaker 4: for hours drinking. The music was great. They were playing Madonna,
• 30:33
  Speaker 4: they were playing some excess. I was loving it. So
• 30:39
  Speaker 4: they donated this bottle to us. And I know you
• 30:44
  Speaker 4: are going to share a video that you found for
• 30:47
  Speaker 4: this winery because I want everybody to go and visit
• 30:51
  Speaker 4: their page. If you're in Napa, go and check them out.
• 30:55
  Speaker 4: I am this weekend when my bestie's here celebrating my birthday.
• 31:00
  Speaker 4: I'm going to see if I could buy some here locally.
• 31:03
  Speaker 3: Nice. Yeah, let's play this video where we meet John
• 31:07
  Speaker 3: and Michelle, who I think our second generation owners of
• 31:11
  Speaker 3: this and I'm going to use this opportunity and I'll
• 31:14
  Speaker 3: be right back. All right, everybody, enjoy the video.
• 31:16
  Speaker 6: Welcome to jam Sellers. I'm John and this is my
• 31:18
  Speaker 6: wife Michelle.
• 31:19
  Speaker 5: Together we founded jam Sellers, where Jam is actually short
• 31:22
  Speaker 5: for John and Michelle, and we're.
• 31:23
  Speaker 7: Here at the home of jam Sellers in downtown Napa, California,
• 31:28
  Speaker 7: the jam Sellers Wine and Music Studio. You might know
• 31:31
  Speaker 7: jam Sellers for melting your mouth Butter Chardinay, but what
• 31:35
  Speaker 7: we have is a whole line of other delicious, easy
• 31:38
  Speaker 7: to love wines that live up to their names.
• 31:40
  Speaker 5: Jam Sellers started in two thousand and nine, right when
• 31:42
  Speaker 5: the economy slowed down. From the very beginning, the goal
• 31:45
  Speaker 5: was how we produce a please, high quality wine that
• 31:48
  Speaker 5: less than twenty dollars that was a little irreverent and fun,
• 31:51
  Speaker 5: and that's what came out with jam Coepernick.
• 31:53
  Speaker 7: Then about a year later, when we were together with friends,
• 31:56
  Speaker 7: someone said jokingly, oh, you should come out with a
• 31:58
  Speaker 7: white wine and call it better, and so that's exactly
• 32:01
  Speaker 7: what we did.
• 32:02
  Speaker 5: It turned out we actually had some wine and tank
• 32:04
  Speaker 5: that was one of my little pet projects, and so
• 32:07
  Speaker 5: we came out with a thousand cases and two thousand
• 32:09
  Speaker 5: and nine was the first inage, and did a thousand
• 32:12
  Speaker 5: cases of twenty ten and then Butter found some little
• 32:14
  Speaker 5: same in the universe and today with a number two
• 32:16
  Speaker 5: selling brand over thirteen dollars, which is.
• 32:18
  Speaker 6: That blows around. It's crapy, it's like nuts. So anyway,
• 32:22
  Speaker 6: then we.
• 32:23
  Speaker 5: Decided, let's do cans, because if it's good in glass,
• 32:26
  Speaker 5: maybe people want in a can as well. And it's
• 32:29
  Speaker 5: nice for the beach, it's nice for the boots. And
• 32:31
  Speaker 5: so we came out with butter Shardenay in a can
• 32:33
  Speaker 5: a couple of years ago and that's the number one
• 32:34
  Speaker 5: selling Shardenay in.
• 32:35
  Speaker 6: The can, which is pretty cool.
• 32:36
  Speaker 3: That is.
• 32:37
  Speaker 6: Yeah.
• 32:38
  Speaker 5: People kept asking if we could come out with other varietals,
• 32:40
  Speaker 5: and so the first was butter cabernet and the goals.
• 32:43
  Speaker 5: We wanted something that was very similar to the chardonnay,
• 32:45
  Speaker 5: just rich and smooth.
• 32:46
  Speaker 7: And then are butter bubbles, which is my personal favorite,
• 32:49
  Speaker 7: so bright and creamy and it literally goes.
• 32:52
  Speaker 6: With everything people love butter Shardenay.
• 32:54
  Speaker 5: We want to make it easy for them to identify
• 32:56
  Speaker 5: other products that we came up with.
• 32:57
  Speaker 7: So you walk into the wine aisle and you see
• 32:59
  Speaker 7: that big yellow beacon of butter yellow labels.
• 33:03
  Speaker 5: I love feel to say, wow, well, the natural connection,
• 33:05
  Speaker 5: Jam sellers, I get it. Jam Sellers and music, and
• 33:08
  Speaker 5: I'm always like, well, it's really jam Jona and Michelle,
• 33:11
  Speaker 5: but it also goes well with music. And so we've
• 33:13
  Speaker 5: been present sponsors since twenty sixteen with Bottle Rock Napple Valley.
• 33:18
  Speaker 6: That same year we opened their downtown tasting room.
• 33:20
  Speaker 5: We have live music here three days a week, and
• 33:22
  Speaker 5: then most recently we acquire the Napple Valley Opera House
• 33:25
  Speaker 5: and we have the jam Seller's Ballroom upstairs.
• 33:27
  Speaker 7: And then also we're doing podcasts and we have a
• 33:31
  Speaker 7: live Jam Happy Hour on Facebook, a radio station on
• 33:36
  Speaker 7: iHeart called Summer Festival Jams. It plays a lot of
• 33:40
  Speaker 7: music that's played at all the festivals that we're at,
• 33:42
  Speaker 7: like Ohana, Bottle Rock, and it's been neat because we
• 33:46
  Speaker 7: love music.
• 33:47
  Speaker 6: Thing we can't play, but we'd like to listen to it.
• 33:49
  Speaker 3: Well you can't sing, I can't sing.
• 33:51
  Speaker 7: So check out our events and winefinder at Jamsellers dot com.
• 33:55
  Speaker 7: So no matter where you are in any state, you
• 33:57
  Speaker 7: can find us in the wine aisle or get it delivered.
• 34:00
  Speaker 5: Seana, thank you for enjoying our lines. We look forward
• 34:02
  Speaker 5: to seeing you here in the Napa Valley or one
• 34:03
  Speaker 5: of the future concerts.
• 34:05
  Speaker 8: Cheers, Cheers, she strayed through some shade.
• 34:20
  Speaker 4: She absolutely did, and I loved it because she did
• 34:24
  Speaker 4: it with a smile.
• 34:27
  Speaker 3: Yeah, yes she did. She definitely did. They look so nice.
• 34:31
  Speaker 3: They look great. I love it when you tag music
• 34:33
  Speaker 3: with anything. I'm in one hundred percent every single time.
• 34:40
  Speaker 4: They were so nice and this rose is good. I'm
• 34:43
  Speaker 4: very picky. I don't like my rose to be too dry.
• 34:47
  Speaker 4: I also do not want it to taste like syrup.
• 34:52
  Speaker 4: I need it kind of in the middle. I like
• 34:54
  Speaker 4: it crisp and light, but I need it to have
• 34:56
  Speaker 4: some flavor because if it's too light, I can drink
• 35:03
  Speaker 4: too much of it. This is truly perfect. Now, I'm
• 35:08
  Speaker 4: not a shardonnay girl. I like to tell people that
• 35:11
  Speaker 4: I believe it's a starter wine, but it's just me.
• 35:15
  Speaker 4: I started with shardennay. Hey, they sell it at wally World,
• 35:20
  Speaker 4: so but I will say their shardonnay. I tasted it.
• 35:26
  Speaker 4: It went down so easy. It was smooth. I couldn't
• 35:30
  Speaker 4: tell there was alcohol in it. I mean, it went
• 35:34
  Speaker 4: down smooth. So if anybody buys it, I think we
• 35:39
  Speaker 4: need to take pictures with it and share it with them,
• 35:43
  Speaker 4: because I got to think him because they do podcast
• 35:47
  Speaker 4: maybe when we start planning for next year, maybe we
• 35:52
  Speaker 4: plan some kind of meetup in Napa and maybe they
• 35:56
  Speaker 4: would let us use their podcasting area to host a.
• 35:59
  Speaker 3: Podcast true True Crime and Jam Time.
• 36:03
  Speaker 2: Yeah.
• 36:07
  Speaker 3: I'm just saying, you know, if they want to hire me.
• 36:12
  Speaker 4: They can pay you in wine.
• 36:16
  Speaker 3: I don't know if missus Bruce Crime will go for that,
• 36:19
  Speaker 3: but you know, you never know. You know, I feel
• 36:21
  Speaker 3: like wine. You know, my angria from the other night's
• 36:24
  Speaker 3: almost done, so you know it wasn't me.
• 36:26
  Speaker 4: Well, Also, while I was in California, I did get
• 36:31
  Speaker 4: away from the winery and spend some time over in
• 36:35
  Speaker 4: San Jose. For those of you following the special investigation
• 36:40
  Speaker 4: into Chase Lackey, we know that Chase was working on
• 36:46
  Speaker 4: a platform in San Jose and he and his friend
• 36:52
  Speaker 4: were shipping from this postal mail place often, and we
• 36:58
  Speaker 4: have connected that place to Denver, texas Chase Addison. Though
• 37:09
  Speaker 4: I went by there and I did leave Chase's Missing
• 37:14
  Speaker 4: person flyers up on the windows. Now, I will be honest.
• 37:19
  Speaker 4: I did it when they were closed because the investigator
• 37:26
  Speaker 4: and the FBI person were very worried about me still
• 37:33
  Speaker 4: being there in them seeing me and me maybe going
• 37:38
  Speaker 4: missing because as we know, I am not a cute,
• 37:41
  Speaker 4: little blonde, blue eyed white girl. Nobody would be out
• 37:44
  Speaker 4: there looking for me. So I did do it safely.
• 37:47
  Speaker 4: Now I will say, I really want to know what
• 37:52
  Speaker 4: they thought Monday when they showed up.
• 37:56
  Speaker 3: Huh, who knows? Who knows? Because at a certain point
• 38:00
  Speaker 3: you got to think they know exactly what's going through
• 38:02
  Speaker 3: their their their place.
• 38:04
  Speaker 4: Yeah, because I did get a message on Instagram from
• 38:09
  Speaker 4: somebody who is connected to this asking me what my
• 38:15
  Speaker 4: phone number was, so it was talked about. So wow,
• 38:21
  Speaker 4: to talk about me doing that and being there and
• 38:25
  Speaker 4: looking into things made it to somebody. So I will
• 38:31
  Speaker 4: let everybody know what happens with that.
• 38:35
  Speaker 3: My favorite thing was you had shared with me a
• 38:38
  Speaker 3: photo of a tattoo on somebody's hand well, and it
• 38:44
  Speaker 3: said something along the lines of, you know, I don't
• 38:47
  Speaker 3: care what anybody says me. I can, I can get it,
• 38:50
  Speaker 3: I will share it.
• 38:52
  Speaker 4: I don't know how to share my screen very well,
• 38:57
  Speaker 4: so maybe it's better for you to do it. But yes,
• 39:04
  Speaker 4: and we'll just be honest. Ass hat as I like
• 39:08
  Speaker 4: to call him, also known as Addison Guerrera. Now he
• 39:13
  Speaker 4: has me blocked and the podcast blocked on all of
• 39:17
  Speaker 4: his social imagine that he also has the majority of
• 39:20
  Speaker 4: people who know me are also blocked. But the investigator,
• 39:26
  Speaker 4: not me. The investigator got this and sent it to me.
• 39:31
  Speaker 4: And I'm gonna just be honest. I don't know if
• 39:34
  Speaker 4: he really got this tattoo or if it's been photoshopped,
• 39:41
  Speaker 4: but his social media post was absolutely hilarious, and I
• 39:48
  Speaker 4: think it's directed towards me. And maybe that's just me
• 39:52
  Speaker 4: being full of myself, but I really think it's directed
• 39:55
  Speaker 4: towards me, and JT's trying to find it.
• 40:03
  Speaker 3: Two shakes, so I will the best part, my favorite part,
• 40:08
  Speaker 3: sorry go ahead, no, go ahead, no, what I was
• 40:13
  Speaker 3: what I was gonna say was my favorite part was
• 40:14
  Speaker 3: one when he had sent me a message and been like, look,
• 40:17
  Speaker 3: I've got this photo I put up the missing poster.
• 40:19
  Speaker 3: What shall we say? And I was like, let me
• 40:21
  Speaker 3: think about it, and then I was like, at the
• 40:22
  Speaker 3: end of it, just put you know, just our two cents.
• 40:27
  Speaker 3: And the reason for that is because of what this
• 40:32
  Speaker 3: post tattoo.
• 40:35
  Speaker 4: I mean, I kind of hope it's real. I kind
• 40:39
  Speaker 4: of hope he did this on his body because of me.
• 40:45
  Speaker 3: I those the whole things about a lot of people
• 40:47
  Speaker 3: have their opinions, thoughts, things to say about me. I
• 40:49
  Speaker 3: see the comments and blah blah blah blah blah, and
• 40:51
  Speaker 3: your two cents just empowers me and shit like that. Honestly,
• 40:57
  Speaker 3: it does look like a tattoo. The bleatings impressive. Yeah,
• 41:01
  Speaker 3: I don't have I.
• 41:02
  Speaker 4: Will read it full one.
• 41:04
  Speaker 3: I have it.
• 41:05
  Speaker 4: A lot of people have their opinions, thoughts and things
• 41:08
  Speaker 4: to say about me. As see the comments that y'all
• 41:11
  Speaker 4: take the time to comment on all of my posts
• 41:14
  Speaker 4: dms and even people making post about me and tagging
• 41:17
  Speaker 4: me in them. Go ahead and put your two cents
• 41:20
  Speaker 4: in my piggy bank, because I actually need people like
• 41:23
  Speaker 4: y'all to help keep me motivated. My piggy bank will
• 41:27
  Speaker 4: always keep growing no matter how many people want to
• 41:30
  Speaker 4: see me fail. I refuse to lose.
• 41:36
  Speaker 3: So we made a little snarky comment and at the
• 41:39
  Speaker 3: end of it said, you know, just our two cents,
• 41:43
  Speaker 3: But like he in this post, he does tag a
• 41:46
  Speaker 3: tattoo artist and they must be friends. Because if I
• 41:49
  Speaker 3: had the talent of this tattoo artist and somebody asked
• 41:52
  Speaker 3: me to put a pig and two cents on their
• 41:54
  Speaker 3: their hand, I would laugh at them because this guy
• 41:56
  Speaker 3: is actually a really talented portrait artist. So just I mean, yuh, super,
• 42:03
  Speaker 3: I mean, like, I don't know if anybody when you see.
• 42:07
  Speaker 4: That can I mean, they apparently are friends. But the
• 42:13
  Speaker 4: other thing I've got to say, he thinks we're filling
• 42:15
  Speaker 4: up his piggy bank, dude, keep doing this because you
• 42:19
  Speaker 4: are just adding more and more red flags to the
• 42:24
  Speaker 4: whole disappearance of Chase.
• 42:27
  Speaker 3: Yeah, and just be ready because when we run out
• 42:30
  Speaker 3: of cash, we're gonna start filling your piggy bank with
• 42:32
  Speaker 3: semen sperm.
• 42:33
  Speaker 4: That's right. And I'm not going to tell people when
• 42:37
  Speaker 4: or what's happening, but there will be something coming in
• 42:43
  Speaker 4: the next couple of weeks that I will be filling
• 42:48
  Speaker 4: his piggy bank, dude, And I will say this, it
• 42:56
  Speaker 4: will not be with salmon's sperm. I'm just going to
• 43:00
  Speaker 4: put that out there because I'm not doing that. Not
• 43:05
  Speaker 4: doing that. So speaking of salmon sperm real quick, I
• 43:09
  Speaker 4: just thought about this article that I read today that
• 43:12
  Speaker 4: has me really confused. So now there is a married
• 43:20
  Speaker 4: couple that have two daughters. They decided her husband made
• 43:25
  Speaker 4: the decision that he would get of a sectomy so
• 43:27
  Speaker 4: that they wouldn't have any more children and grow their family.
• 43:31
  Speaker 4: Six months afterwards, he went and got tested no sperm.
• 43:36
  Speaker 4: She came out pregnant. They're a solid couple. Never was
• 43:41
  Speaker 4: there a thought that she cheated. They went to doctors.
• 43:44
  Speaker 4: They have spent all of this money trying to find out.
• 43:47
  Speaker 4: They even did a DNA test on the baby. It's
• 43:50
  Speaker 4: his baby, but he is still testing negative for sperm.
• 43:56
  Speaker 3: Well, I would like to run those tests through some tests,
• 43:59
  Speaker 3: because I'm going to go ahead and say they're wrong.
• 44:03
  Speaker 4: He's gone to multiple places to have it tested.
• 44:09
  Speaker 3: I mean, is does it only look for a certain
• 44:12
  Speaker 3: level and anything lower they just call it no.
• 44:15
  Speaker 4: I don't know, but I have to tell you that
• 44:19
  Speaker 4: husband sounds like a keeper, because I even double age
• 44:25
  Speaker 4: would have been like, excuse me, where have you been?
• 44:30
  Speaker 4: I mean, it would have been a fleeting comment. He
• 44:33
  Speaker 4: wouldn't you know, but a lot of men would have
• 44:37
  Speaker 4: lost their shit over that your wife's pregnant and the
• 44:40
  Speaker 4: doctor told you you got no sperm. What other logical
• 44:44
  Speaker 4: conclusion would you draw? Was it the salmon?
• 44:50
  Speaker 3: I don't know. I mean, I guess I would think
• 44:56
  Speaker 3: about a billion other things before I hopped to that,
• 44:58
  Speaker 3: I mean what I think about. Sure for a moment,
• 45:01
  Speaker 3: but at the same time, there are so many things
• 45:03
  Speaker 3: that can go wrong with those tests and also that procedure,
• 45:07
  Speaker 3: et cetera, et cetera.
• 45:08
  Speaker 4: So but I mean, if you a little bit dripped
• 45:17
  Speaker 4: in her mouth, I guess anyway, we should.
• 45:23
  Speaker 3: Talk about financial crimes before I have to go through
• 45:25
  Speaker 3: another training.
• 45:27
  Speaker 4: We should. Why don't you kick us off? Since yours
• 45:33
  Speaker 4: is the most famous of the cases.
• 45:36
  Speaker 3: Oh, it's definitely famous, infamous, so for financial crimes. Married
• 45:41
  Speaker 3: I'm gonna be talking about Enron because why not? Everybody?
• 45:47
  Speaker 3: Why not? So we're gonna talk about Enron. It's kind
• 45:50
  Speaker 3: of beginnings where it came from some of the key players,
• 45:53
  Speaker 3: and then what happened, and then we'll move on to yours.
• 45:57
  Speaker 3: This is a little bit longer than usual, but I
• 46:00
  Speaker 3: think it'll go in a reasonable pace. So Enron Corporation's
• 46:06
  Speaker 3: journey from a pioneering energy company to an emblem of
• 46:09
  Speaker 3: corporate fraud is one of the most infamous chapters in
• 46:13
  Speaker 3: business history, and its peak, Enron was a titan of
• 46:16
  Speaker 3: innovation and a darling of Wall Street, but its collapse
• 46:19
  Speaker 3: exposed systemic fraud and triggered widespread regulatory reforms. This report
• 46:27
  Speaker 3: delves into Elron's case. We talk about fraudulent practices, legal battles.
• 46:32
  Speaker 3: It's going to be fun. So. Enron was founded in
• 46:36
  Speaker 3: nineteen eighty five through a merger between two companies, one
• 46:40
  Speaker 3: the Houston Natural Gas Company and inter North Incorporated. Kenneth Lay,
• 46:47
  Speaker 3: who had been the CEO of Houston Natural Gas, took
• 46:51
  Speaker 3: the helm of the newly formed company. Under Lay's leadership,
• 46:54
  Speaker 3: Enron aimed to transform from a traditional energy company into
• 46:58
  Speaker 3: a diversified global corporation. In terms of the two companies
• 47:02
  Speaker 3: that formed the two companies that created Enron or came together.
• 47:11
  Speaker 3: Inter North was formed in nineteen thirty in Omaha, Nebraska,
• 47:15
  Speaker 3: right before this could not get more like murky in
• 47:19
  Speaker 3: terms of like gross but they they formed right before
• 47:24
  Speaker 3: Black Tuesday, and so the low cost of natural gas
• 47:28
  Speaker 3: and then the cheap supply of labor during the Great
• 47:31
  Speaker 3: Depression helped them thrive and double their size in two years.
• 47:35
  Speaker 3: During the depression, acquisitions.
• 47:42
  Speaker 4: Were I said, would you call that perfect timing or
• 47:46
  Speaker 4: sketchy timing?
• 47:49
  Speaker 3: Don't? I mean? I don't think they knew that it
• 47:54
  Speaker 3: was well, they might have known it was coming, but
• 47:55
  Speaker 3: I think they were just lucky, so a let's see,
• 48:06
  Speaker 3: most of their acquisitions of other companies were successful. A subsidiary,
• 48:11
  Speaker 3: Northern Natural Gas, operated the largest pipeline company in North America.
• 48:15
  Speaker 3: By the nineteen eighties. Inter North became a major force
• 48:18
  Speaker 3: for natural gas production, transmission, and marketing along with the
• 48:21
  Speaker 3: natural gas liquids, and was an innovator in plastics. They
• 48:25
  Speaker 3: eventually merged with Belco Petroleum Company, which was a fortune
• 48:28
  Speaker 3: five hundred oil exploration and development company. So that was one.
• 48:35
  Speaker 3: Houston Natural Gas was two, and that was formed from
• 48:37
  Speaker 3: Houston Oil Co. In nineteen twenty five to provide gas
• 48:42
  Speaker 3: to customers in the Houston market through the building of
• 48:44
  Speaker 3: gas pipelines. Robert Herring, a heading CEO from sixty seven
• 48:50
  Speaker 3: to eighty one, took advantage of the unregulated Texas natural
• 48:53
  Speaker 3: gas market and commodity surge in the seventies and became
• 48:57
  Speaker 3: a dominant force in the energy industry. It ran out
• 49:00
  Speaker 3: of luck though, because gas prices started rising and then
• 49:02
  Speaker 3: there was a Natural Gas Policy Act of seventy eight,
• 49:05
  Speaker 3: so the Texas market was less profitable. Eventually, in eighty
• 49:09
  Speaker 3: fo four, the third CEO, Kenneth Leigh succeeded Matthews and
• 49:14
  Speaker 3: inherited the company. Now inter North was a target of
• 49:19
  Speaker 3: a ton of corporate takeovers. The CEO wanted a friendly
• 49:23
  Speaker 3: merger though with Houston Natural Gas HNG, and it was
• 49:29
  Speaker 3: acquired for two point three billion, which was forty percent
• 49:33
  Speaker 3: higher than the market price. The combined assets of the
• 49:37
  Speaker 3: two companies created the second largest gas pipeline system in
• 49:41
  Speaker 3: the US at that time, and Inter North North South
• 49:44
  Speaker 3: pipelines served Iowa and Minnesota and hng's Florida and California
• 49:49
  Speaker 3: East West pipelines and everywhere in between. So in terms
• 49:55
  Speaker 3: of their business model their vision and Ron initially focused
• 49:59
  Speaker 3: on owning and op rating natural gas pipelines, but buy
• 50:03
  Speaker 3: them all, get them all, We want them all raw.
• 50:06
  Speaker 3: But Kenneth lay and vision, transforming it into a comprehensive
• 50:10
  Speaker 3: energy company with a strong emphasis on trading and energy services.
• 50:19
  Speaker 3: So of course with that there is expansion and innovation
• 50:23
  Speaker 3: because you can't just do the same things over and
• 50:25
  Speaker 3: over again. So the energy industry underwent significant deregulation in
• 50:31
  Speaker 3: the eighties and nineties, allowing companies to compete in new
• 50:36
  Speaker 3: markets and develop innovative financial products. Enron leveraged these opportunities
• 50:42
  Speaker 3: to expand beyond traditional energy operations. So one of the
• 50:47
  Speaker 3: things that they did was create Enron Online, which happened
• 50:51
  Speaker 3: in nineteen ninety nine, and it was groundbreaking and it
• 50:55
  Speaker 3: was an electronic trading platform that revolutionized energy trading. And
• 51:01
  Speaker 3: that platform allowed Enron to conduct transactions directly with clients,
• 51:05
  Speaker 3: increasing efficiency transparency, so we thought, and then Enron ventured
• 51:11
  Speaker 3: into other various sectors like water services, broadband, international markets,
• 51:17
  Speaker 3: and their broadband unit aimed to deliver high speed internet infrastructure,
• 51:22
  Speaker 3: but it never reached profitability. So we all had to
• 51:24
  Speaker 3: sit there watching each line load of a picture that
• 51:28
  Speaker 3: you probably shouldn't be looking for online and then your
• 51:31
  Speaker 3: parents come right at the wrong time. And then not
• 51:34
  Speaker 3: speaking from experience, so revenue, can.
• 51:37
  Speaker 4: You unpack some trauma real quick? Because that really sounded
• 51:41
  Speaker 4: like some trauma.
• 51:43
  Speaker 3: There's no job. I made that up as I went. Okay,
• 51:48
  Speaker 3: So by the late nineteen nineties, Enron reported n runs,
• 51:54
  Speaker 3: reported revenues skyrocketed and they reached over one hundred billion
• 51:58
  Speaker 3: dollars in two thousand. I did say nineteen ninety nine. Yes,
• 52:06
  Speaker 3: Enron's aggressive expansion and strategic acquisitions made it a dominant
• 52:11
  Speaker 3: player in the energy market. Enron used complex financial arrangements,
• 52:16
  Speaker 3: including special purpose Entities SPEs, to manage risk and boost
• 52:21
  Speaker 3: its financial statements. And these structures were designed to hedge
• 52:25
  Speaker 3: investments and improve perceived financial health. Perceived financial health, not
• 52:30
  Speaker 3: actual financial health. Perceived. That's the thick in terms of
• 52:36
  Speaker 3: market perception and stock performance. Enron's perceived innovation and rapid
• 52:40
  Speaker 3: growth led to a soaring stock price again perceived, making
• 52:45
  Speaker 3: it one of the most admired companies on Wall Street.
• 52:47
  Speaker 3: The company's shares reached a peak of ninety dollars and
• 52:51
  Speaker 3: seventy five cents in August two thousand and We're going
• 52:57
  Speaker 3: to take a pause there to talk about some of
• 52:59
  Speaker 3: the administrative officers of Enron. So Kenneth Leah was the founder, chairman,
• 53:08
  Speaker 3: and CEO of Enron. He was born in Texas County, Missouri.
• 53:13
  Speaker 3: His father was a Baptist preacher. He grew up in poverty.
• 53:16
  Speaker 3: After the family's general store failed, his family moved to Columbia, Missouri,
• 53:20
  Speaker 3: and he eventually studied economics at the University of Missouri.
• 53:24
  Speaker 3: He worked at this is I. I still don't believe
• 53:29
  Speaker 3: this is a real name, but the company's name was
• 53:32
  Speaker 3: Humble Oil.
• 53:34
  Speaker 4: That's a that's a real name. There's an umble, believe,
• 53:38
  Speaker 4: and it's not humble.
• 53:39
  Speaker 3: It's humble. So even though it has an h.
• 53:43
  Speaker 4: The h is silent. It's not like humble. It's umble
• 53:48
  Speaker 4: Umble Texas.
• 53:50
  Speaker 3: Bhan X work good for Texas.
• 53:53
  Speaker 4: It's outside the woods and before Conrod, she said with
• 53:59
  Speaker 4: a hair for.
• 54:02
  Speaker 3: But he worked at Umbole Oil Umbole Oil as an
• 54:07
  Speaker 3: economist and then entered the Officer Candidate School for the
• 54:11
  Speaker 3: US Navy in nineteen sixty eight. Just seems like a
• 54:14
  Speaker 3: reasonable change. From sixty eight to seventy one, he rose
• 54:19
  Speaker 3: to lieutenant and was special Assistant to the Navy Comptroller
• 54:22
  Speaker 3: and financial analyst at the office at their office in
• 54:27
  Speaker 3: the Pentagon. So I mean that's pretty that's pretty impressive.
• 54:31
  Speaker 4: I'm like, that's impressive.
• 54:33
  Speaker 3: Yeah. He ultimately ended up getting a PhD in economics,
• 54:38
  Speaker 3: and he served in the US government as Undersecretary for
• 54:40
  Speaker 3: Energy before becoming CEO of Houston Natural Gas and then
• 54:45
  Speaker 3: Enron for in nineteen eighty five. In terms of his role,
• 54:51
  Speaker 3: Lay was the driving force behind Enron's transformation from a
• 54:54
  Speaker 3: pipeline company into a global energy powerhouse. He championed the
• 54:58
  Speaker 3: company's aggressive growth both strategy and embrace the use of
• 55:02
  Speaker 3: innovative financial practices. But because of everything that happened, Ley
• 55:07
  Speaker 3: was indicted on charges of fraud and conspiracy in two
• 55:10
  Speaker 3: thousand and four, and then he was found guilty in
• 55:12
  Speaker 3: six but he died from a heart attack before sentencing.
• 55:17
  Speaker 4: Lucky dude.
• 55:20
  Speaker 3: Then there's Jeffrey Skilling, who was the president in COO
• 55:24
  Speaker 3: later CEO. Jeffrey Keith Skilling was born in Pittsburgh, Pennsylvania,
• 55:30
  Speaker 3: November twenty fifth, nineteen fifty three, the second of four
• 55:32
  Speaker 3: children of Betty and Thomas. His dad's name is Thomas
• 55:38
  Speaker 3: Ethelbert Skilling Junior. I don't under I don't know this
• 55:44
  Speaker 3: middle name. I've never heard of Ethelbert as a middle name,
• 55:47
  Speaker 3: But here we are. Perhaps it's his Perhaps it's his
• 55:52
  Speaker 3: mom and dad's name put together Ethelbert. His Jeff's father
• 55:59
  Speaker 3: was a sales manager for an ILLINOISI valve company. He
• 56:04
  Speaker 3: attended Harvard Business School. According to Skilling, during his admissions
• 56:08
  Speaker 3: interview for Harvard Business School, he was asked if he
• 56:11
  Speaker 3: was smart, to which he replied, I'm fucking smart.
• 56:19
  Speaker 4: He's not just smart, he's fucking smart.
• 56:23
  Speaker 3: Okay, smart well. Apparently then it impressed the interviewer so
• 56:29
  Speaker 3: much that it secured his place at the school, and honestly,
• 56:31
  Speaker 3: he probably wasn't wrong. He earned his MBA from Harvard
• 56:34
  Speaker 3: Business in seventy nine. He graduated in the top five
• 56:36
  Speaker 3: percent of his class at Bay as a Baker scholar,
• 56:40
  Speaker 3: So smart dude. After graduation, he became a consultant at
• 56:45
  Speaker 3: McKenzie and Company in the energy and chemical consulting practices.
• 56:49
  Speaker 3: He eventually became one of the youngest partners in the
• 56:51
  Speaker 3: history of McKenzie and Let's see. He joined Enron in
• 56:56
  Speaker 3: ninety as chairman and CEO of Enron Finance Corps, and
• 56:59
  Speaker 3: then he was promoted to president and COO in ninety
• 57:01
  Speaker 3: seven and then CEO in one. He was the key
• 57:06
  Speaker 3: architect of Enron's trading operations and was instrumental in developing
• 57:10
  Speaker 3: the company's market mark to market to market accounting strategy.
• 57:15
  Speaker 3: His vision of transforming Enron into a dominant energy trading
• 57:19
  Speaker 3: company was pivotal to its growth. Now in terms of
• 57:23
  Speaker 3: his downfall, he resigned from Enron August of one, citing
• 57:27
  Speaker 3: personal reasons. He was later convicted on charges of fraud, conspiracy,
• 57:32
  Speaker 3: and insider trading in six, receiving a twenty four year
• 57:35
  Speaker 3: prison sentence, which was later reduced to fourteen. So he's out,
• 57:42
  Speaker 3: assuming he's alive. I just look for their downfall. I
• 57:45
  Speaker 3: didn't go past that. I didn't think it was worth it.
• 57:47
  Speaker 3: They screwed a lot of people over so yeah. Andrew
• 57:53
  Speaker 3: Fastau was a chief financial officer. He was born in
• 57:57
  Speaker 3: DC grew up in New Providence, the son of a
• 58:01
  Speaker 3: middle class Jewish parents, Karl and Joan Fasto, who worked
• 58:04
  Speaker 3: in retail and merchandising. He graduated from Tufts in eighty
• 58:08
  Speaker 3: three with a BA in economics and Chinese. He joined
• 58:11
  Speaker 3: Enron in ninety became a CFO in ninety eight. Held
• 58:15
  Speaker 3: an MBA from Northwestern University. He was the mastermind behind
• 58:20
  Speaker 3: Enron's complex financial structures, including the creation of special purpose
• 58:25
  Speaker 3: entities used to hide debt and inflate earnings, and his
• 58:29
  Speaker 3: financial maneuvers played a significant role in the perceived profitability
• 58:34
  Speaker 3: that they had. He was indicted on seventy eight counts
• 58:40
  Speaker 3: of fraud, money laundering, and conspiracy and O two. He
• 58:43
  Speaker 3: pled guilty to two counts of conspiracy and O four
• 58:46
  Speaker 3: and was sentenced to a grand total of six years
• 58:50
  Speaker 3: in prison.
• 58:53
  Speaker 4: Yeah, I'm going to just say it right now. There
• 58:58
  Speaker 4: is a lot of people in Texas and probably all
• 59:01
  Speaker 4: over the world or all over the US who are
• 59:03
  Speaker 4: pissed about that because they screwed a lot of people over.
• 59:10
  Speaker 3: Yes, and not in a good way. So like, here's
• 59:16
  Speaker 3: the thing. Anybody else, anybody somebody else on seventy eight
• 59:22
  Speaker 3: counts and they took a plea deal of two. I mean,
• 59:28
  Speaker 3: well did Like You've.
• 59:30
  Speaker 4: Got to think of all of the money that oil
• 59:32
  Speaker 4: and gas contributes to district attorneys running politicians running judges.
• 59:40
  Speaker 4: I mean, there's a lot of money and you're in
• 59:43
  Speaker 4: that society and yeah.
• 59:47
  Speaker 3: I mean like at a certain point though, it becomes well,
• 59:51
  Speaker 3: nowadays we don't really mind saying they're doing stupid shit
• 59:54
  Speaker 3: in grandiose and big crowds in public. But seventy eight
• 1:00:00
  Speaker 3: counts reduced to like I'm wondering, and I should have
• 1:00:02
  Speaker 3: looked this up, but I'm just thinking about it now.
• 1:00:05
  Speaker 3: I'm wondering if he was the first one they found
• 1:00:07
  Speaker 3: and said, you provide us this information to put other
• 1:00:10
  Speaker 3: people away and we will reduce this. And so I'm
• 1:00:13
  Speaker 3: wondering if he had the the info I.
• 1:00:16
  Speaker 4: Don't think so, but you know what, I will give
• 1:00:19
  Speaker 4: it a goog while you're looking.
• 1:00:21
  Speaker 3: Yeah, I don't know, so we'll move on to the
• 1:00:24
  Speaker 3: next one as you goog that up. Rebecca Mark was
• 1:00:30
  Speaker 3: the CEO of Enron International and Exerix. Rebecca Rebecca Mark.
• 1:00:38
  Speaker 3: That's not hold on, Wait a second, hold on.
• 1:00:42
  Speaker 4: He did not turn evidence or anything. But he did
• 1:00:48
  Speaker 4: agree to pay forty two million to have fun to
• 1:00:53
  Speaker 4: compensate people. I mean, because he also cooperated. But I
• 1:01:01
  Speaker 4: didn't say that he turned any evidence. He just cooperated, cooperated.
• 1:01:08
  Speaker 3: Okay, so I got confused. Rebecca was born in Kirksville, Missouri.
• 1:01:15
  Speaker 3: Grew up on a pig farm. Attended William Jewell College
• 1:01:18
  Speaker 3: in Liberty, Missouri for two years. She transferred to Baylor
• 1:01:21
  Speaker 3: in Waco, where she received a BA in psych in
• 1:01:25
  Speaker 3: seventy six and a master's degree International management in seventy seven.
• 1:01:28
  Speaker 3: She was one of Enron's most prominent female executives, led
• 1:01:31
  Speaker 3: their international business ventures, played a critical role in its
• 1:01:34
  Speaker 3: global expansion. She spearheaded Enron's push into international markets like
• 1:01:41
  Speaker 3: I said, that included power plants in India and South America.
• 1:01:46
  Speaker 3: Later headed at Zurix, which was Enron's water subsidiary, which
• 1:01:50
  Speaker 3: faced financial difficulties. She resigned in two thousand following the
• 1:01:54
  Speaker 3: failure of Azurix, and left Enron before the scandal broke.
• 1:01:58
  Speaker 3: She sold her Enron shares before the these collapse, avoiding
• 1:02:01
  Speaker 3: the financial losses of many of the other folks.
• 1:02:06
  Speaker 4: Now, and maybe you're going to get to this. Are
• 1:02:09
  Speaker 4: you going to get to how they got caught?
• 1:02:14
  Speaker 3: Uh? Yeah, Yeah, there's gonna be a yeah unraveling. If
• 1:02:19
  Speaker 3: I missed something, holler at me only if he can
• 1:02:23
  Speaker 3: be funny, right, thirty five cents. That's all I got.
• 1:02:31
  Speaker 3: So the last person was Lou Pie, and he was
• 1:02:33
  Speaker 3: the CEO of Enron Energy Services and Enron Accelerator. Born
• 1:02:38
  Speaker 3: in Nanjing, China, and came to the US at the
• 1:02:40
  Speaker 3: age of two, Pie obtained both BS and MS in
• 1:02:44
  Speaker 3: economics from the University of Maryland College Park. His father
• 1:02:47
  Speaker 3: was an aeronautics professor there. He worked for the federal government,
• 1:02:51
  Speaker 3: primarily in the US Securities and Exchange Commission in the
• 1:02:54
  Speaker 3: seventies before joining Enron. It was one of Enron's earliest employees,
• 1:02:59
  Speaker 3: joining in eighty seven. It played various roles in the company.
• 1:03:03
  Speaker 3: He was instrumental in developing Enrun's retail, energy, business and
• 1:03:08
  Speaker 3: technology ventures, and he was known for his hands off
• 1:03:11
  Speaker 3: management style. Left n Run and OH one. He cashed
• 1:03:15
  Speaker 3: out approximately two hundred and fifty million dollars in Enron
• 1:03:18
  Speaker 3: stock before the company's collapse, which he came out as
• 1:03:23
  Speaker 3: financially unscathed. So here we are, I do need that
• 1:03:29
  Speaker 3: for sure. So in terms of their downfall, n Run's
• 1:03:36
  Speaker 3: use of marked market accounting allowed it to record projected
• 1:03:41
  Speaker 3: profits on long term contracts as current income regardless of
• 1:03:46
  Speaker 3: what the cash flow was. Because of that, it inflated
• 1:03:51
  Speaker 3: their revenue and created a misleading financial picture. Ultimately, the
• 1:03:59
  Speaker 3: accounting practices inflated the company's revenues and hid debt in
• 1:04:03
  Speaker 3: its subsidiaries and the sec with credit rating agencies and
• 1:04:08
  Speaker 3: investment banks were also accused of negligence on top of this,
• 1:04:11
  Speaker 3: and in some cases outrite deception that enabled the fraud.
• 1:04:14
  Speaker 3: So a lot of things were happening. They were faking
• 1:04:17
  Speaker 3: the numbers that they didn't have to prove in the end,
• 1:04:19
  Speaker 3: and that messed with the market. And yay, So we
• 1:04:25
  Speaker 3: mentioned earlier. Special purpose entities or SPEs. They are they're
• 1:04:30
  Speaker 3: known as special purpose they're also known as special purpose vehicles.
• 1:04:34
  Speaker 3: But what they are separate legal entities that hold assets
• 1:04:37
  Speaker 3: or liabilities, often to keep them off a parent company's
• 1:04:41
  Speaker 3: balance sheet. So you know you've got a bunch of issues,
• 1:04:46
  Speaker 3: you get a bunch of debts, go ahead and toss
• 1:04:48
  Speaker 3: them over on this SPV or SPE and that way
• 1:04:52
  Speaker 3: it doesn't show up in your actual company's stuff, which
• 1:04:55
  Speaker 3: I wish I could do with my finances.
• 1:04:57
  Speaker 4: I know, why can't we do that with our personal finance?
• 1:05:00
  Speaker 3: Us? Right, they'd find us before we even filed. But
• 1:05:07
  Speaker 3: these folks get away with it. So, like I mentioned,
• 1:05:12
  Speaker 3: Enron used these to high debt, toxic assets, troubled operations
• 1:05:16
  Speaker 3: from investors and creditors and the the A lot of
• 1:05:21
  Speaker 3: what would happen was they'd use these SPE transactions when
• 1:05:26
  Speaker 3: they transferred some of their rising stock to the E
• 1:05:31
  Speaker 3: in the exchange for cash, so they'd move that into
• 1:05:34
  Speaker 3: the SPE and then the SPE would use the stock
• 1:05:38
  Speaker 3: to hedge an asset on Enron's balance sheet, and then
• 1:05:41
  Speaker 3: Enron would guarantee its value, so that kept the assets
• 1:05:44
  Speaker 3: off their books, making their losses appear less severe. It's
• 1:05:48
  Speaker 3: just insane, No, sp they're not. It is creative. Enron's
• 1:05:57
  Speaker 3: use of them differed from standard debt securities securitization in
• 1:06:02
  Speaker 3: many ways. So, like I said, SPD is not illegal.
• 1:06:06
  Speaker 3: But Enron created four SPEs called Raptors that were supposed
• 1:06:09
  Speaker 3: to be independent entities, but some say they were not
• 1:06:12
  Speaker 3: sufficiently independent from Enron and as a result, Enron overstated
• 1:06:17
  Speaker 3: their earnings. Now, let's talk briefly about a fellow named
• 1:06:24
  Speaker 3: Arthur Anderson. Oh god, so what really? It's their accounting firm.
• 1:06:32
  Speaker 3: So Arthur Anderson Anderson was Enron's accounting firm, and they
• 1:06:35
  Speaker 3: were accused of applying reckless standards in their audits because
• 1:06:39
  Speaker 3: of a conflict of interest over the significance consulting fees
• 1:06:42
  Speaker 3: generated by Enron. During two thousand, Anderson earned twenty five
• 1:06:47
  Speaker 3: million dollars in audit fees and twenty seven million dollars
• 1:06:51
  Speaker 3: in consulting fees, which accounted for twenty seven percent of
• 1:06:56
  Speaker 3: the audit fees of the public clients of Anderson's Houston office.
• 1:07:00
  Speaker 3: That is huge, that's huge. Yeah, they owned the honest,
• 1:07:08
  Speaker 3: Oh for sure. The auditor's methods were questioned as either
• 1:07:15
  Speaker 3: being completely uh solely to receive its annual fees or
• 1:07:20
  Speaker 3: for its lack of expertise and properly reviewing Enron's revenue recognition,
• 1:07:23
  Speaker 3: special entities, derivatives, et cetera. They ultimately played a critical
• 1:07:27
  Speaker 3: role in the scandal, and the firm approved Enron's accounting
• 1:07:30
  Speaker 3: practices despite red flags, which led to questions about their
• 1:07:33
  Speaker 3: independence and effective Yes, so, yeah, right, what had happened
• 1:07:39
  Speaker 3: was now? Sharon Watkins was an was an Enron vice
• 1:07:46
  Speaker 3: president and she wrote a confidential memo to Kenneth la
• 1:07:50
  Speaker 3: in August of two thousand and one, and in this
• 1:07:53
  Speaker 3: memo she warned him of accounting irregularities and potential financial
• 1:07:59
  Speaker 3: ruin and as rich people are wont to do because
• 1:08:03
  Speaker 3: they are staying rich. Her concerns were dismissed yeap. However,
• 1:08:10
  Speaker 3: in two thousand and one, investigative journalists began exposing en
• 1:08:13
  Speaker 3: Run's financial practices. Articles in Wall Street Journal and other
• 1:08:17
  Speaker 3: outlets raised questions about the company's true financial health, what's
• 1:08:21
  Speaker 3: really going on in there? And then the SEC launched
• 1:08:25
  Speaker 3: an investigation into n runs accounting practices, uncovering widespread fraud
• 1:08:30
  Speaker 3: and financial manipulation. And then congress Man, when Congress calls
• 1:08:34
  Speaker 3: you to hold a hearing, you know your f maybe
• 1:08:38
  Speaker 3: unless you're like Facebook or Twitter or yeah. Congress also,
• 1:08:44
  Speaker 3: so they held hearings to investigate the collapse and their implications.
• 1:08:48
  Speaker 3: So did you have something different or a story?
• 1:08:53
  Speaker 4: No, okay, that's what I wanted to know if you
• 1:08:54
  Speaker 4: were going to talk about her.
• 1:08:56
  Speaker 3: Yeah. So in terms of what happened and can be
• 1:09:01
  Speaker 3: summed up into collapse and bankruptcy, the stock price plummeted
• 1:09:06
  Speaker 3: as the news of the investigations began public. Just like CrowdStrike,
• 1:09:12
  Speaker 3: investor Confidence waned. I don't know when the whole CrowdStrike
• 1:09:17
  Speaker 3: thing happened. On Friday, I was like, I need to check.
• 1:09:19
  Speaker 3: I'm not even a stock person. I don't know the
• 1:09:21
  Speaker 3: first thing, but I know when shit happens, shit goes down.
• 1:09:24
  Speaker 3: And I was looking and it was just like it
• 1:09:26
  Speaker 3: was like a cartoon that did it did a just drop.
• 1:09:34
  Speaker 3: So Confidence waned. Their stock fell from ninety dollars per
• 1:09:37
  Speaker 3: share in the mid in mid two thousand to less
• 1:09:40
  Speaker 3: than one dollar by November of two thousand and one,
• 1:09:45
  Speaker 3: which is buck wild Enron then had an inability to
• 1:09:51
  Speaker 3: access credit and it's mounting debts led to a liquidity
• 1:09:56
  Speaker 3: liquidity liquidity liquidity man. Yeah, that's it. Those smart words.
• 1:10:05
  Speaker 3: Why why why am I doing math? Whatever?
• 1:10:09
  Speaker 4: Because you're good at it.
• 1:10:11
  Speaker 3: Not. The company was forced to restate earnings, revealing that
• 1:10:17
  Speaker 3: it had overstated profits. It had overstated profits by nearly
• 1:10:22
  Speaker 3: six hundred million dollars from ninety seven to two thousand.
• 1:10:30
  Speaker 4: I mean, we're not talking a little bit of fudging.
• 1:10:34
  Speaker 4: We're talking about latent, massive.
• 1:10:41
  Speaker 3: Not a little fudging. It's the Willy Wonka of fudging.
• 1:10:43
  Speaker 3: Like it's the whole damn factory of fudging. And so
• 1:10:50
  Speaker 3: they filed on December second, two thousand and one, they
• 1:10:53
  Speaker 3: filed for Chapter eleven bankruptcy protection, marking the largest bankruptcy
• 1:10:58
  Speaker 3: in US history at that time, with sixty three point
• 1:11:01
  Speaker 3: four billion dollars in assets, and the collapse devastated employees, shareholders,
• 1:11:06
  Speaker 3: the broader energy market. It was terrible. Thousands of employees
• 1:11:10
  Speaker 3: lost their jobs, their retirement savings, much of their four
• 1:11:13
  Speaker 3: oh one k's were invested in and run. Stock shareholders,
• 1:11:16
  Speaker 3: including institutional investors, suffered significant.
• 1:11:19
  Speaker 4: Huh I I I'm sorry to interrupt. Do you realize
• 1:11:24
  Speaker 4: two billion dollars of employees' pensions and four a wing
• 1:11:29
  Speaker 4: k were lost?
• 1:11:32
  Speaker 3: Yeah? I mean they didn't care.
• 1:11:35
  Speaker 4: Billion employees.
• 1:11:41
  Speaker 3: Lost.
• 1:11:42
  Speaker 4: They it devastated so many people. Sorry, I just need
• 1:11:49
  Speaker 4: to throw that out there because it's nice the same.
• 1:11:54
  Speaker 3: Oh absolutely, I.
• 1:11:55
  Speaker 4: Mean shareholders, you bought stock, you're taking a risk, and employee,
• 1:12:00
  Speaker 4: you're not taking a risk. You go to work every day,
• 1:12:03
  Speaker 4: you do your job. You expect to get you know,
• 1:12:09
  Speaker 4: your pension. Where a stockholder, you bought stock, you're playing roulette,
• 1:12:15
  Speaker 4: give or take. Oh, yes, you're employee two billion dollars.
• 1:12:21
  Speaker 3: Yeah. And if anybody's ever seen the movie Fun with
• 1:12:24
  Speaker 3: Dick and Jane, there are a ton of references to
• 1:12:26
  Speaker 3: to Enron in that movie. Yeah. So legal percussion, legal percussion.
• 1:12:35
  Speaker 3: That's just a judge drumming on his notebook. Legal repercussions.
• 1:12:40
  Speaker 3: Several top Enron executives were charged with fraud, insider trading,
• 1:12:44
  Speaker 3: other offenses. And I'm just gonna briefly go through it
• 1:12:48
  Speaker 3: one more time. Kenneth Lay, convicted in six died of
• 1:12:52
  Speaker 3: heart heart attack before sentencing. Skilling convicted of multiple counts
• 1:12:58
  Speaker 3: of fraud and insider trading, sentenced to twenty four years
• 1:13:02
  Speaker 3: reduced to fourteen. Fasto played guilty to conspiracy charges. Had
• 1:13:07
  Speaker 3: seventy three or seventy two ended up pleading guilty to
• 1:13:10
  Speaker 3: two served six years. And then Arthur Anderson was convicted
• 1:13:14
  Speaker 3: of obstructing justice for shredding and Run related documents. So
• 1:13:18
  Speaker 3: not only did he fuck this up before, he fucked
• 1:13:21
  Speaker 3: it up after and he shredded the and Run related documents.
• 1:13:24
  Speaker 3: The conviction was later overturned by the Supreme Court, but
• 1:13:27
  Speaker 3: the damage to his reputation led to or to the
• 1:13:30
  Speaker 3: company's reputation led to its collapse. I don't understand why
• 1:13:32
  Speaker 3: I was overturned. I would have to look that up.
• 1:13:37
  Speaker 3: That's not true. I know I was overturned.
• 1:13:39
  Speaker 4: I really now.
• 1:13:42
  Speaker 3: Right. There were legislative changes. You had the sarbanks Ah
• 1:13:47
  Speaker 3: sarbas So, the sarbanis You thank you, sarbains Oxley Act.
• 1:13:51
  Speaker 3: I was trying to make it more complicated than actually was.
• 1:13:55
  Speaker 3: So in response to that and other corporate frauds, Congress
• 1:13:59
  Speaker 3: passed this Act to the law and post stricter regulations
• 1:14:02
  Speaker 3: on financial reporting and corporate governance, which included enhanced financial disclosures,
• 1:14:08
  Speaker 3: internal controls, audit independence, and whistleblower protections. There were also
• 1:14:14
  Speaker 3: massive repercussions in the market. The Enron scandal eroded public
• 1:14:19
  Speaker 3: trust in corporate governance, who could we trust anymore? There
• 1:14:23
  Speaker 3: was a huge impact on the energy market. It disrupted
• 1:14:27
  Speaker 3: the whole thing, and then there was a cultural shift
• 1:14:30
  Speaker 3: in corporate America due to it basically prompted companies to
• 1:14:34
  Speaker 3: reevaluate their corporate cultures, ethical standards, and sizing the importance
• 1:14:40
  Speaker 3: of integrity and accountability. I don't think that stuck like
• 1:14:43
  Speaker 3: it should have, but it did lead to that. So,
• 1:14:49
  Speaker 3: you know, overall rise and fall of Enron cautionary tale
• 1:14:53
  Speaker 3: of corporate greed, fraud, and the failure of oversight mechanisms
• 1:14:56
  Speaker 3: or lack thereof. Enron was innovat, but it was completely
• 1:15:02
  Speaker 3: overshadowed by the unethical practices that ultimately led to its downfall.
• 1:15:08
  Speaker 3: And it's a reminder of the consequences of unchecked corporate
• 1:15:11
  Speaker 3: ambition and the vital role of regulation and oversight. I
• 1:15:16
  Speaker 3: don't believe in so much regulation and oversight that you
• 1:15:19
  Speaker 3: can't run a business the marijuana industry, but I mean truly,
• 1:15:26
  Speaker 3: but you know, there needs to be something or people
• 1:15:30
  Speaker 3: like this to get away with the ship that they do.
• 1:15:33
  Speaker 3: So there's your Enron. Yikes, yikes.
• 1:15:42
  Speaker 4: I'm glad you covered it because it's too close it's
• 1:15:49
  Speaker 4: too I would become a bunny boiler. Now while we
• 1:15:57
  Speaker 4: were while you were talking, I decided to google my
• 1:16:04
  Speaker 4: guy in in Ron to see if they had anything together.
• 1:16:10
  Speaker 4: And guess what in Ron lavished money on my guy
• 1:16:17
  Speaker 4: and a whole bunch of other stuff.
• 1:16:20
  Speaker 3: My god, So Tom Delay, Tom Delay. You know, every
• 1:16:30
  Speaker 3: time you say Tom I'm like blink one eight oh.
• 1:16:33
  Speaker 4: Tom Delay. But I didn't even think about that when
• 1:16:37
  Speaker 4: you picked your case and I picked my case. But
• 1:16:41
  Speaker 4: Tom Delay did some good things, and he did a
• 1:16:45
  Speaker 4: whole lot of bad things. He was born in nineteen
• 1:16:48
  Speaker 4: forty seven in Laredo, Texas, and people who don't know him,
• 1:16:55
  Speaker 4: he was a prominent figure in American politics. He served
• 1:16:59
  Speaker 4: as a member of the United States House of Representatives
• 1:17:02
  Speaker 4: and as a House Majority leader. So now, despite all
• 1:17:09
  Speaker 4: of his influential political career, his legacy went down in flames. Okay, now,
• 1:17:17
  Speaker 4: before I get into my case, I want to tell
• 1:17:19
  Speaker 4: you my personal experience with Tom Delay. And no, I
• 1:17:25
  Speaker 4: did not wait, hold on, I did not meet him,
• 1:17:28
  Speaker 4: did not sleep with him. Let's just put that out there.
• 1:17:31
  Speaker 4: So I was.
• 1:17:39
  Speaker 3: You're setting yourself up for future questions. I am not
• 1:17:42
  Speaker 3: doing this.
• 1:17:43
  Speaker 4: I forgive the answers right now. So George W. Bush
• 1:17:48
  Speaker 4: was governor of Texas and went on, as we know,
• 1:17:52
  Speaker 4: to become president. Back I'd have to look to see
• 1:17:55
  Speaker 4: what year. But I was chosen as one of these
• 1:17:59
  Speaker 4: small business women of the Year and invited to the
• 1:18:03
  Speaker 4: White House. Tom Delay led that group who helped pick
• 1:18:11
  Speaker 4: those individuals. So and when I declined that I couldn't
• 1:18:19
  Speaker 4: go to the White House, I was a single mom.
• 1:18:22
  Speaker 4: And they invite you, but you still have to pay
• 1:18:26
  Speaker 4: your own airfare and hotel, and they just pay for
• 1:18:30
  Speaker 4: your dinner that night at the awards ceremony. You have
• 1:18:33
  Speaker 4: to pay for everything else. And it's highly advised that
• 1:18:38
  Speaker 4: you donate to Tom's him pay his pack fun.
• 1:18:44
  Speaker 3: It's nice. It's like when they call saying we want
• 1:18:46
  Speaker 3: to add you to the who's who of whatever whatever,
• 1:18:49
  Speaker 3: when they're just looking for your info. Yeah, I'm pretty much.
• 1:18:54
  Speaker 4: But the award was real. Even if you didn't go,
• 1:18:57
  Speaker 4: you got it. I got my name put in the
• 1:18:59
  Speaker 4: Wall Street Journal, got all this stuff done. It was cool.
• 1:19:03
  Speaker 4: But my first like I said, I saw his name
• 1:19:07
  Speaker 4: on it. I didn't think anything of it. But then
• 1:19:09
  Speaker 4: all of a sudden, I started getting constant phone calls,
• 1:19:13
  Speaker 4: constant emails asking you know, to donate money or they
• 1:19:18
  Speaker 4: could help me grow my business, because at that time
• 1:19:22
  Speaker 4: I did do ten percent of the business. We helped
• 1:19:26
  Speaker 4: people coming straight out of prison find jobs. So they
• 1:19:30
  Speaker 4: offered to help me get tax breaks to do some things.
• 1:19:35
  Speaker 4: And later I was so glad that I said, yeah,
• 1:19:39
  Speaker 4: that just sounds weird to me because I don't do
• 1:19:43
  Speaker 4: gas math, but that was, you know, my thing, because
• 1:19:48
  Speaker 4: if I would have done it, I can't help. But
• 1:19:50
  Speaker 4: wonder would I have been caught up and what I'm
• 1:19:52
  Speaker 4: getting ready to tell you about because it's sad. So
• 1:19:59
  Speaker 4: now we're to dive into the intricacies. I've had way
• 1:20:05
  Speaker 4: too much wine already of Tom DeLay's financial crimes. He
• 1:20:09
  Speaker 4: began his political career in seventy eight when I was
• 1:20:12
  Speaker 4: a sweet little eight year old girl, when he was
• 1:20:15
  Speaker 4: elected into the House of Texas Representatives. Now, what's interesting.
• 1:20:20
  Speaker 4: He was born in Texas, but Tom spent a good
• 1:20:23
  Speaker 4: portion of his childhood in Venzuela because his dad was
• 1:20:29
  Speaker 4: in the oil and gas business and was over in
• 1:20:33
  Speaker 4: Venzuela working Hello. But he did attend high school in
• 1:20:38
  Speaker 4: Texas and then he went on to Baylor University for
• 1:20:41
  Speaker 4: two years before he got kicked out for drinking and
• 1:20:46
  Speaker 4: for painting the Baylor colors on a building at Texas
• 1:20:50
  Speaker 4: and M University. For those of you that don't know,
• 1:20:54
  Speaker 4: Baylor is a Baptist college and you shouldn't be drinking.
• 1:21:04
  Speaker 3: You should be kind of impressed.
• 1:21:09
  Speaker 4: So, like I said, I'm guessing that drinking and vandalism
• 1:21:14
  Speaker 4: wasn't something Baylor wanted on their books. So they said, yeah,
• 1:21:19
  Speaker 4: gotta go.
• 1:21:22
  Speaker 3: Boys will be boys, Boys will be boys.
• 1:21:27
  Speaker 4: Well that's why I went to the University of Houston
• 1:21:30
  Speaker 4: and he got his degree there because they understood boys
• 1:21:33
  Speaker 4: will be boys. But they got it right.
• 1:21:38
  Speaker 3: Yeah.
• 1:21:39
  Speaker 4: So now I am not saying spray painting. I mean,
• 1:21:44
  Speaker 4: we know, I mean between Texas universities, they've stolen mascots,
• 1:21:51
  Speaker 4: they've done all of these things. I'm assuming when he painted,
• 1:21:57
  Speaker 4: I agree. I I'm just thinking he didn't use chalk
• 1:22:02
  Speaker 4: paint when he painted the colors on the Texas A
• 1:22:04
  Speaker 4: and M University. I'm guessing they just couldn't take a
• 1:22:07
  Speaker 4: water hose and wash it off.
• 1:22:09
  Speaker 3: Which is what he would do it right, kick them?
• 1:22:15
  Speaker 4: So anyway, after college that.
• 1:22:19
  Speaker 3: Sounds dirty's sturdy. I feel like I have to do
• 1:22:23
  Speaker 3: it in private before in public.
• 1:22:25
  Speaker 4: So this part is going to crack you up. He
• 1:22:28
  Speaker 4: purchased a pest control company. I guess you know, the
• 1:22:34
  Speaker 4: little best so and he was able to grow this
• 1:22:40
  Speaker 4: company during the eleven years though that he owned this business,
• 1:22:44
  Speaker 4: the IRS imposed three different tax lines for him not
• 1:22:48
  Speaker 4: paying payroll in income tax three. I owned a business
• 1:22:55
  Speaker 4: and I can tell you never had that happen. And
• 1:22:59
  Speaker 4: I want to know, guys, how was this not a
• 1:23:03
  Speaker 4: red flag for him to become a politician.
• 1:23:08
  Speaker 3: I'm not going to answer that question because it's gonna
• 1:23:12
  Speaker 3: cause problems. I'll just let it go.
• 1:23:15
  Speaker 4: But this was back in seventy eight.
• 1:23:18
  Speaker 3: This was back. I mean, maybe that's why. Maybe that's
• 1:23:23
  Speaker 3: how now.
• 1:23:26
  Speaker 4: Tom Delay is often referred to as the Hammer for
• 1:23:29
  Speaker 4: his aggressive political tactics, and he was a key player
• 1:23:34
  Speaker 4: in the Republican Party during the nineteen nineties and early
• 1:23:37
  Speaker 4: two thousands. But like I said, he faced a significant
• 1:23:42
  Speaker 4: downfall due to the allegations of money laundering and illegal
• 1:23:47
  Speaker 4: campaign finance activities. So he served in the Texas House
• 1:23:54
  Speaker 4: of Representatives from seventy nine to eighty four. Then he
• 1:23:57
  Speaker 4: moved to the United States House of Representative is representing
• 1:24:01
  Speaker 4: Texas' twenty second congressional district. But guys, he quickly ascended
• 1:24:07
  Speaker 4: the ranks. He became the House Majority whip in ninety five,
• 1:24:13
  Speaker 4: and he became the House Majority Leader in two thousand
• 1:24:15
  Speaker 4: and two. I mean, he went from pest control boy
• 1:24:20
  Speaker 4: all the way up to the House Majority leader like
• 1:24:23
  Speaker 4: boom bang bomb. I mean he just so what, I
• 1:24:31
  Speaker 4: don't know what you got.
• 1:24:34
  Speaker 3: I just nothing good. Really, I mean, it's just amazing
• 1:24:39
  Speaker 3: how it works out for some people.
• 1:24:42
  Speaker 8: I know.
• 1:24:43
  Speaker 4: I mean, Karma does catch you, because in two thousand
• 1:24:46
  Speaker 4: and five, he was indicted on charges of conspiracy to
• 1:24:50
  Speaker 4: violate election laws, money laundering, and conspiracy to commit money laundering.
• 1:24:59
  Speaker 4: So most of the allegations centered around DeLay's involvement with
• 1:25:03
  Speaker 4: the Texans for a Republican Majority. It was a tr
• 1:25:07
  Speaker 4: Impact that was a political action committee he helped establish.
• 1:25:15
  Speaker 4: Remember what I mentioned about that pact that he wanted
• 1:25:18
  Speaker 4: me to donate money too. That's it.
• 1:25:20
  Speaker 3: So anyway, Karma's page, CARMA's didn't.
• 1:25:29
  Speaker 4: So it basically said that tr impact a legally funneled
• 1:25:33
  Speaker 4: corporate money into Texas state legislative races and based on
• 1:25:40
  Speaker 4: the indictment delay in his associates solicted corporate donations which
• 1:25:46
  Speaker 4: were then laundered through the Republican National Committee and used
• 1:25:51
  Speaker 4: to support Republican candidates in Texas, which guys violates Texas
• 1:25:56
  Speaker 4: state law which prohibits the use of corporate funds in
• 1:26:01
  Speaker 4: state political campaigns. Guys, I was young and stupid. If
• 1:26:06
  Speaker 4: I would have had the money, I mean, we had
• 1:26:09
  Speaker 4: money in the company, but I was very you know,
• 1:26:13
  Speaker 4: strict with where we spent money. What if I would
• 1:26:15
  Speaker 4: have done that and not known it was illegal, would
• 1:26:19
  Speaker 4: they have taken my business?
• 1:26:25
  Speaker 3: I mean, I mean, well, I don't know.
• 1:26:27
  Speaker 4: I mean, it just makes me like that. But at
• 1:26:33
  Speaker 4: a restaurant was issued on October nineteenth, two thousand and five,
• 1:26:37
  Speaker 4: and guess what, guys, Tom turned himself in the next
• 1:26:40
  Speaker 4: day to the Harris County Sheriff's office. See that's the
• 1:26:43
  Speaker 4: problem with Harris County. They are just waiting on Addison
• 1:26:48
  Speaker 4: Guerrera and Matt Brewer to walk in and turn theirself
• 1:26:51
  Speaker 4: in and say what happened to Chase. They don't want
• 1:26:53
  Speaker 4: to go out and look for They just want you
• 1:26:55
  Speaker 4: to turn in.
• 1:26:56
  Speaker 3: Did they run out of gas? Can they not take
• 1:26:59
  Speaker 3: their cars? And take their their butts over there to
• 1:27:02
  Speaker 3: take get them themselves, like.
• 1:27:03
  Speaker 4: They don't have You know, they have the right to
• 1:27:05
  Speaker 4: not incriminate theirself, right.
• 1:27:07
  Speaker 3: Get a fucking tesla. I don't care. Plug it in.
• 1:27:10
  Speaker 3: Plug it in, bitch, go get them.
• 1:27:12
  Speaker 4: I agree, but I don't know if Matt could afford
• 1:27:16
  Speaker 4: an electric vehicle on Addison's balls or too small to
• 1:27:20
  Speaker 4: go with the electric vehicle.
• 1:27:21
  Speaker 3: I meant, Harrison County like to drive over to get
• 1:27:25
  Speaker 3: them yourselves.
• 1:27:27
  Speaker 4: Because then they would have to do their job. They
• 1:27:30
  Speaker 4: want to sit and wait and come to me.
• 1:27:34
  Speaker 3: Oh, well, there it is.
• 1:27:36
  Speaker 4: That's the whole thing. They don't want to get out why.
• 1:27:38
  Speaker 4: I mean, right, they're in the air conditioning. If they
• 1:27:41
  Speaker 4: go outside, it's hot and humid in Houston and there's bugs.
• 1:27:48
  Speaker 4: So but the legal battle that went on was protected
• 1:27:52
  Speaker 4: and protracted and highly publicized. Delay initially stepped down from
• 1:27:57
  Speaker 4: his leadership position, but maintained his innocence throughout the proceedings.
• 1:28:04
  Speaker 4: In twenty ten, okay, remember when he was arrested two
• 1:28:09
  Speaker 4: thousand and five. In twenty ten, after a lengthy trial,
• 1:28:13
  Speaker 4: Delay was found guilty of money laundering and conspiracy to
• 1:28:17
  Speaker 4: commit money laundering guess how long he was sentenced to
• 1:28:21
  Speaker 4: prison time served three years in prison in ten years probation. However,
• 1:28:34
  Speaker 4: in twenty thirteen, the Texas Court of Appeals overturned his conviction,
• 1:28:39
  Speaker 4: citing insufficient evidence.
• 1:28:44
  Speaker 3: What in Spanish day out?
• 1:28:49
  Speaker 4: Why you're on appeal?
• 1:28:51
  Speaker 3: Right?
• 1:28:51
  Speaker 4: So is anyone surprised by this?
• 1:28:54
  Speaker 3: No, not at all, not in the slightest.
• 1:28:59
  Speaker 4: So now here's the other thing. Tom Delay was a
• 1:29:03
  Speaker 4: huge critic of Cuban leader Fidel Castro, and he was
• 1:29:08
  Speaker 4: a big supporter of a trade Embarco against Cuba.
• 1:29:15
  Speaker 3: But guys, that's the voice.
• 1:29:18
  Speaker 4: In July two thousand and three, on a trip, Tom
• 1:29:23
  Speaker 4: was seen smoking a Cuban cigar, which was not illegal
• 1:29:28
  Speaker 4: since he was not in the US at the time.
• 1:29:32
  Speaker 4: But hello, you say that Cuba cannot do this, cannot
• 1:29:39
  Speaker 4: do this, and you're all against Cuba, but you're smoking
• 1:29:42
  Speaker 4: their cigars.
• 1:29:45
  Speaker 3: You're either with him on the trip. Did he go
• 1:29:49
  Speaker 3: on the trip during a hurricane or an ice storm?
• 1:29:52
  Speaker 3: Because typically that's okay.
• 1:29:55
  Speaker 4: Yeah, that's how our current representatives do it. But I'm sorry,
• 1:30:01
  Speaker 4: guess that would be like me saying I don't like
• 1:30:04
  Speaker 4: NAPA and yet me drinking NAPA wines. If I say
• 1:30:08
  Speaker 4: I'm against NAPA, it means I need to drink wines
• 1:30:11
  Speaker 4: from New Zealand, Oregon, Sonoma. I need to avoid NAPA.
• 1:30:16
  Speaker 4: Just like I said, I didn't want to sign us
• 1:30:18
  Speaker 4: up for a professional Twitter because why would I put
• 1:30:21
  Speaker 4: money in Elon muscus wallet. Tom delays against Fidel Castro,
• 1:30:26
  Speaker 4: But you put money in his wallet. I I'm going
• 1:30:34
  Speaker 4: to just tell you, guys, I don't get it, and
• 1:30:36
  Speaker 4: we're not going to go there. So his case highlighted
• 1:30:39
  Speaker 4: significant issues in campaign finance laws and the enforcement of
• 1:30:44
  Speaker 4: the legislation of the regulations, kind of like with Enron,
• 1:30:48
  Speaker 4: there wasn't I mean, there needs to be checks and balance. No,
• 1:30:52
  Speaker 4: they do not need to have their finger in every
• 1:30:54
  Speaker 4: piece of the pie. But you should test the pie
• 1:30:58
  Speaker 4: to make sure the pie is good and that the
• 1:31:01
  Speaker 4: pie doesn't have the classes.
• 1:31:04
  Speaker 3: There's no good thing in that analogy that I thought of.
• 1:31:09
  Speaker 3: That analogy is the most it's the weirdest one ever.
• 1:31:15
  Speaker 4: You don't think they should put their finger in the.
• 1:31:17
  Speaker 3: Pie, girl, if it ain't their pie. No, don't go
• 1:31:25
  Speaker 3: around to your neighbor's windowsills sticking fingers in other people's pies.
• 1:31:29
  Speaker 3: Don't at least ask first, if.
• 1:31:32
  Speaker 4: You don't taste the pie, how do you know if
• 1:31:34
  Speaker 4: they shat in the pie or if they put There's a.
• 1:31:39
  Speaker 3: Whole other conversation that we don't want to have here
• 1:31:42
  Speaker 3: on this on the show.
• 1:31:45
  Speaker 4: So anyway, this scandal underscored the need for stricter oversight
• 1:31:49
  Speaker 4: and clearer guidelines regarding the use of corporate funds and
• 1:31:53
  Speaker 4: political campaigns. Without the pie now, Tom's actions and the
• 1:31:59
  Speaker 4: subsequent legal proceedings also brought attention to the broader issue
• 1:32:04
  Speaker 4: of political corruption and the influence of money in politics.
• 1:32:08
  Speaker 4: And I am just going to go on record without
• 1:32:10
  Speaker 4: getting political. Nothing's changed. It may have highlighted it, but
• 1:32:16
  Speaker 4: ain't nothing changed. So we're just going to keep moving on.
• 1:32:20
  Speaker 4: So after leaving it is after leaving politics, Tom participated
• 1:32:26
  Speaker 4: on Dancing with the Stars, and during his rounds to
• 1:32:32
  Speaker 4: promote his appearance on the reality show, Tom was not
• 1:32:37
  Speaker 4: shy about telling everyone who would listen that Barack Obama
• 1:32:42
  Speaker 4: was not a US citizen and gave a voice of
• 1:32:46
  Speaker 4: the whole burther conspiraously conspiracy. I mean, guys, what a
• 1:32:51
  Speaker 4: tool you got kicked out. You had all of this
• 1:32:55
  Speaker 4: problem and you want to go on national TV announcing
• 1:33:01
  Speaker 4: that you can dance maybe or be trained to dance
• 1:33:03
  Speaker 4: like a mouse, but you want to talk and see
• 1:33:06
  Speaker 4: someone's on a US citizen. I mean, what a tool
• 1:33:08
  Speaker 4: this guy is, right?
• 1:33:14
  Speaker 3: Yeah? Well, yeah, yes. The only reason he did dancing
• 1:33:19
  Speaker 3: was probably to push himself back into the spotlight.
• 1:33:22
  Speaker 4: Pull that, and he needed money. But another interesting thing
• 1:33:26
  Speaker 4: I found about Tom was that he was a playboy
• 1:33:29
  Speaker 4: during his political days, and his other nickname was hot
• 1:33:33
  Speaker 4: tub Tom.
• 1:33:37
  Speaker 3: Ooh, that didn't age well, did it.
• 1:33:42
  Speaker 4: He was said to love party and he would consume
• 1:33:47
  Speaker 4: eight to twelve martinis a night. That's a lot of Martians.
• 1:33:56
  Speaker 3: You would like to have a word.
• 1:33:57
  Speaker 4: With you, I mean two and I'm done.
• 1:34:03
  Speaker 3: I mean his at this point, his liver is a
• 1:34:05
  Speaker 3: fish tank filter like.
• 1:34:08
  Speaker 4: Now j I will say. In nineteen eighty five, Tom
• 1:34:14
  Speaker 4: became a born again Christian and he gave up hard liquor.
• 1:34:19
  Speaker 4: So I want I ask you, guys, does that mean
• 1:34:21
  Speaker 4: he could still drink beer and wine?
• 1:34:25
  Speaker 3: Well, you know, it depends. I don't really consider any
• 1:34:29
  Speaker 3: liquor hard liquor unless you're hit with the bottle.
• 1:34:32
  Speaker 4: Well, but hard liquor vodka for martini's. So now he
• 1:34:38
  Speaker 4: can still drink beer and wine because my understanding is
• 1:34:41
  Speaker 4: if you're an alcohol like it's all alcohol, you shouldn't
• 1:34:45
  Speaker 4: drink it.
• 1:34:47
  Speaker 3: My my understanding from the reports of people who were
• 1:34:50
  Speaker 3: with him was that when liquor was consumed, nothing was hard.
• 1:34:53
  Speaker 4: So excited give me a no is before you say that,
• 1:35:01
  Speaker 4: and I it just went down the wrong tube.
• 1:35:10
  Speaker 3: Yeah, that it was hard.
• 1:35:12
  Speaker 4: That was hard, But I mean, but like I said,
• 1:35:14
  Speaker 4: he became a born again Christian. Now. He was also
• 1:35:19
  Speaker 4: one of the leaders who tried to impeach Bill Bill Clinton,
• 1:35:23
  Speaker 4: and then he publicly shamed Green. I don't know you said, Gingrich,
• 1:35:28
  Speaker 4: Gingrich and Bill Clinton for their extramarital fairs, and once
• 1:35:35
  Speaker 4: said it was okay for him to judge them is
• 1:35:38
  Speaker 4: he was no longer committing adultery, and he had returned
• 1:35:42
  Speaker 4: to christ and repented.
• 1:35:46
  Speaker 3: Pot meat kettle, even if that pot is wearing a
• 1:35:50
  Speaker 3: cross necklace. Meat, okay, kettle.
• 1:35:54
  Speaker 4: Let me tell you what. My next sign line says,
• 1:35:56
  Speaker 4: excuse me, Tom, you are the pot calling the kettle black.
• 1:36:02
  Speaker 4: Because I'm sorry, Guys, you do not have to write
• 1:36:05
  Speaker 4: to judge others when you've committed the same sin. That
• 1:36:09
  Speaker 4: would be like me saying Oh my god. People who
• 1:36:11
  Speaker 4: get divorced are awful. Hello, I've been divorced twice. Oh,
• 1:36:17
  Speaker 4: but that was in the past. It's okay. I'm not
• 1:36:20
  Speaker 4: divorced currently.
• 1:36:22
  Speaker 3: Yeah, and and and and the unibomber killed a bunch
• 1:36:25
  Speaker 3: of people in the past, so he's fine. Now, let's
• 1:36:28
  Speaker 3: let him out. He's dead, but let's you know what
• 1:36:31
  Speaker 3: I mean, like, let's just let him go, you know.
• 1:36:33
  Speaker 4: Yeah, Well, what is he?
• 1:36:35
  Speaker 3: I don't know.
• 1:36:36
  Speaker 4: On the upside, Tom Delay is still alive, still married,
• 1:36:41
  Speaker 4: of course, still living in the Houston metro area.
• 1:36:47
  Speaker 3: You should go find him and interview him and avoid
• 1:36:50
  Speaker 3: his hot tub, but give him a lot of hard
• 1:36:52
  Speaker 3: liquor first.
• 1:36:54
  Speaker 4: Ooh, well, my question is and this is my probing
• 1:37:01
  Speaker 4: question because he was part of ooh, maybe he does
• 1:37:10
  Speaker 4: put it in the pie.
• 1:37:14
  Speaker 3: Okay.
• 1:37:15
  Speaker 4: I just want to know if all of that time
• 1:37:17
  Speaker 4: in the hot tub caused any lasting shrivilege shrinkage. Sure,
• 1:37:29
  Speaker 4: because if you do it too often. But in the
• 1:37:34
  Speaker 4: hot tub, that's a lot of water. It looks like
• 1:37:36
  Speaker 4: a raisin.
• 1:37:37
  Speaker 3: Right, I am not. I don't think I'm gonna give
• 1:37:44
  Speaker 3: this a response.
• 1:37:47
  Speaker 4: Okay, Well, I guess said Also, Tom DeLay's former chief
• 1:37:52
  Speaker 4: of staff. Also was one of the people that in
• 1:37:58
  Speaker 4: run gave sizeable donations to almost fifty thousand dollars from
• 1:38:07
  Speaker 4: Jess Kenneth Lay and Joseph Sutton gave twenty five thousand.
• 1:38:13
  Speaker 3: Dollars Can and Tom Delay.
• 1:38:18
  Speaker 4: I know, isn't that great, So they had a natural alliance.
• 1:38:25
  Speaker 4: Mister Delay was called drag by some because of his
• 1:38:29
  Speaker 4: support of business and in Congress he has been a
• 1:38:33
  Speaker 4: longtime proponent of energy deregulation, which was very important to inran.
• 1:38:45
  Speaker 3: Chang.
• 1:38:46
  Speaker 4: So they were both they were both just naughty.
• 1:38:51
  Speaker 3: That is incredible that we picked separately two cases that
• 1:38:57
  Speaker 3: completely inter I just that's that's you know what, it's gross.
• 1:39:03
  Speaker 3: The term is gross, and you know.
• 1:39:06
  Speaker 4: What makes it gross for me? I was born and
• 1:39:09
  Speaker 4: raised in Texas. I love my state. But I was
• 1:39:14
  Speaker 4: talking to a family member who's going to be on
• 1:39:17
  Speaker 4: the Midday Missing who's got a missing sister, and we
• 1:39:22
  Speaker 4: both agreed. Texas currently is on meth, but they've been
• 1:39:29
  Speaker 4: hitting the crack pipe for several years and now they've
• 1:39:33
  Speaker 4: moved on to the harder stuff.
• 1:39:36
  Speaker 3: I think Florida is more math. I think Texas is
• 1:39:42
  Speaker 3: more unregulated or laced coke.
• 1:39:48
  Speaker 4: It's true because they can afford the coke and all
• 1:39:50
  Speaker 4: the woolen gas.
• 1:39:52
  Speaker 3: Well, and they just make so many changes so fast
• 1:39:54
  Speaker 3: they don't even think about the things. And so I'm
• 1:39:59
  Speaker 3: going with Florida's math. Texas is coke.
• 1:40:04
  Speaker 4: I will take it, Yeah, I will take it, as
• 1:40:08
  Speaker 4: long as they do me a favor. Do not put
• 1:40:11
  Speaker 4: it on our water supply, because our sharks and dogs
• 1:40:18
  Speaker 4: and cats and fish do not need to have coke
• 1:40:21
  Speaker 4: in them. I'm just gonna be honest with Panama, Panama,
• 1:40:31
  Speaker 4: and I'm gonna see how many pairs I can put
• 1:40:35
  Speaker 4: on it once. Uh oh, with my headphones, I don't
• 1:40:42
  Speaker 4: know if I can get very many more on. My
• 1:40:48
  Speaker 4: other three are over on the wall. That is all
• 1:40:55
  Speaker 4: I can get on.
• 1:40:57
  Speaker 3: I'm impressed. I'm impressed. I'm impressed.
• 1:41:03
  Speaker 4: I'm impressed. And that's all I got.
• 1:41:07
  Speaker 3: Well, I find it gross, but also now I know
• 1:41:13
  Speaker 3: a lot more.
• 1:41:14
  Speaker 4: And I am going to just remind everybody please don't
• 1:41:18
  Speaker 4: be a contoisseurs doubt, And if anybody wants one of these,
• 1:41:25
  Speaker 4: just let me know. And I'm sure I could ask
• 1:41:26
  Speaker 4: my friend to make you some.
• 1:41:28
  Speaker 3: But oh, my gosh, new merch.
• 1:41:32
  Speaker 4: That's all I got until my sparkle Puss comes in. Now.
• 1:41:37
  Speaker 4: Speaking of sharks, real quick, has anyone seen under Paris?
• 1:41:44
  Speaker 4: If you haven't, I'm going to say go watch it
• 1:41:47
  Speaker 4: on Netflix, especially with the Olympics getting ready to start.
• 1:41:52
  Speaker 4: It's about sharks in the Saint.
• 1:41:55
  Speaker 3: River where the documentary or is it? Like?
• 1:42:00
  Speaker 4: No, it's a fiction story. But it's really great considering
• 1:42:05
  Speaker 4: they're getting ready to have the Olympics, and it's the
• 1:42:07
  Speaker 4: reason the mayor in Paris went swimming in the Saint
• 1:42:12
  Speaker 4: because of that movie.
• 1:42:13
  Speaker 3: To prove that it was safe. So if you need to.
• 1:42:17
  Speaker 4: Go see it now, it's on Netflix and it's free.
• 1:42:21
  Speaker 4: But I will tell you it really shows you some
• 1:42:25
  Speaker 4: things about sharks, and it might explain how the sharks
• 1:42:29
  Speaker 4: are all pregnant. Maybe it's the cocaine.
• 1:42:32
  Speaker 3: Hmmm, Well I will check that out. Maybe we'll stream
• 1:42:38
  Speaker 3: it on courtyard. Speaking of come join us in the courtyard.
• 1:42:42
  Speaker 3: We're doing a lot of fun stuff, including we're gonna
• 1:42:45
  Speaker 3: stream the big things, the big Olympic events and if
• 1:42:49
  Speaker 3: you want smaller events streamed, let us know a lot
• 1:42:53
  Speaker 3: of good stuff happening there. So check it out.
• 1:42:57
  Speaker 4: Can I put in a special request that we live
• 1:43:01
  Speaker 4: stream the movie when I'm actually around and can watch
• 1:43:03
  Speaker 4: it because the whole murder mystery things I got to
• 1:43:07
  Speaker 4: do one this month, I was in Napa. Next month,
• 1:43:12
  Speaker 4: I think I'm in Oh. No, I've got a friend coming,
• 1:43:16
  Speaker 4: so we're gonna have guests here. But could I know
• 1:43:19
  Speaker 4: it's not all about me, but could we maybe check
• 1:43:21
  Speaker 4: my schedule please?
• 1:43:24
  Speaker 3: Yes?
• 1:43:26
  Speaker 4: Under Paris is what it's called. Yes, Angie under Paris,
• 1:43:34
  Speaker 4: And I just want to remind everybody. Look next Friday
• 1:43:37
  Speaker 4: on our YouTube channel, we will have all of our
• 1:43:41
  Speaker 4: August live shows and productions posted so that you can
• 1:43:47
  Speaker 4: see them. And we're not going to say who's face
• 1:43:52
  Speaker 4: you're going to see or if you're going to see
• 1:43:53
  Speaker 4: both of us. We're just going to keep it interesting.
• 1:43:57
  Speaker 3: Yee. And mods if because a few of her or
• 1:44:03
  Speaker 3: all of you are here, will get you a calendar,
• 1:44:07
  Speaker 3: We'll get you a thing so that you can see
• 1:44:10
  Speaker 3: it and have it because the further ahead, you know,
• 1:44:13
  Speaker 3: how better? Yes?
• 1:44:16
  Speaker 4: And the other thing special thing about Midday Missing. The
• 1:44:22
  Speaker 4: next two Wednesdays, I have special guests coming on who
• 1:44:29
  Speaker 4: are the loved ones of Missing? And I'm very excited
• 1:44:34
  Speaker 4: about that because as I was telling one of them
• 1:44:37
  Speaker 4: they can tell the story so much better than I can,
• 1:44:40
  Speaker 4: so I am honored that they are willing to come
• 1:44:45
  Speaker 4: on and do that. So the next two Wednesdays we
• 1:44:49
  Speaker 4: will have family members on midday missing.
• 1:44:54
  Speaker 3: Sweet, Sweet, Sweet Sweet, So tune in. All right, well,
• 1:44:58
  Speaker 3: I'm gonna close, and then you cloths, take care of yourself,
• 1:45:03
  Speaker 3: your friends, your family, and your community. Don't let anybody
• 1:45:07
  Speaker 3: dull your sparkle and shine on you crazy diamonds.
• 1:45:14
  Speaker 4: And I am gonna say once again thank you to
• 1:45:18
  Speaker 4: jam sellers because this is really good, and I want
• 1:45:22
  Speaker 4: to say please stay safe, watch out for crime guys,
• 1:45:28
  Speaker 4: enjoy your wine time, but I'm gonna add a little extra.
• 1:45:31
  Speaker 4: Enjoy your loved ones. Give those closest to you hugs,
• 1:45:35
  Speaker 4: because unfortunately, in the blink of an eye, I'm learning
• 1:45:40
  Speaker 4: that life can change and that doesn't just mean they
• 1:45:43
  Speaker 4: passed away, they truly disappear. So please keep that in
• 1:45:48
  Speaker 4: mind and everyone stay safe.
• 1:45:51
  Speaker 3: Bye. Everybody think