The True Cost of Fraud
My New Year's Eve Thoughts as We Close Out 2025
As 2025 closes, this isn’t a “year in review” note—it’s a warning shot about what comes next.
The real story of the past few years isn’t just inflation, elections, or markets. It’s the quiet collapse of trust as we discover just how much fraud, misallocation, and institutional failure have been hiding in plain sight. My New Year’s Eve message is simple: …




