Government
Government
Identity Verification in your digital and non-digital channels
To Reduce Procurement Fraud
To Provide Identity Access Management
To Prevent Benefits Fraud
To Prevent Deed Fraud
To Reduce Domestic Terrorism – Social Justice & Municipal Bonds
To Reduce Racial Imbalance
To Reduce the Race Wealth Income-Gap
To Eliminate Racially Segregated Housing
Every Where - All the Time
Procurement Fraud
Government
fraud occurs in over 430 agencies across
all three branches of government that include the executive, legislative, and
judicial. Fraud occurs from The African Development Foundation to The
White House. Fraud occurs from A to Z. Fraud also
occurs at all agencies across all four levels of government that include
federal, state, municipal, and tribal. Thus, the multiplier effect for the
government’s threat surface is 4 to the 3rd power or 64
multiplied by the approximate number of agencies of 430 equals 27,520 threat
vectors * the number of employees which is confidential.
Procurement fraud is
the second largest economic crime in government, trailing only theft.
This may only increase with the Trump administration's firing of Inspector
Generals (IG). Procurement
Fraud Defined, and not limited to, fail to deliver goods and
services, overcharging government, pet peeve or pork projects to gain favor to
re-elect politicians, quid pro quo arrangements, breach of contracts, cost
overruns, military and prison industrial complex, and kickbacks. Our subscription
solution prevents these events from occurring.
PATENTED SOLUTION BY
CHANNEL
As
a Government Official with the authority and responsibility for acquiring goods
and services for your government agency and/or department, you necessarily need
to ensure that the government gets the best value for its money. If you
are just starting out to protect yourself from fraud or if you are researching
how you can plug up the holes in your existing administrative layers – Ginicoe
can help.
How it Works
Our Biometric Facial Recognition (BFR) software suite works as a
multi-layered gatekeeper with our patented advanced Identity verification,
identity authentication, and fraud transaction risk assessment directly sent to
your employee’s desktop.
Ginicoe
provides facial recognition with all purchase requisitions, approved authorized
individuals, invoices, pre-authorized purchase orders conducted with credit
cards. By connecting each step of your procurement pipeline with each
individual’s biometric face we automate and give you complete visibility into
your procurement process. We reduce your procurement fraud. We improve your
internal auditing tracking and monitoring with segregated duties at each step.
We improve best business practices in procurement and controls with facial
recognition tied to each transaction and point of interaction. Prevention is
better than the cure.
THE COSTS OF FRAUD
The cost of government
fraud affects all citizens, insurance companies, and customers
Benefits Fraud
Identity verification /
authentication is important for “letting your customers in” with the least
amount of friction and risk. Transaction –related fraud is about keeping the
“bad guys out”. Ginicoe’s patented layered approach solves this for you.
Deed Fraud
Your County Recorder’s Office is in dire need of our patented facial recognition solution. We electronically transmit the pre-authenticated Homeowner’s facial image to the desktop. This prevents (not reacts) bad guys from maliciously recording the real homeowner’s deed into the bad guys name. See Tampa Deed Fraud here. (note: Permit the liver commercial to end on its own first. Then the video will play.)
SOCIAL JUSTICE & MUNICIPAL
BONDS
Domestic Terrorism
& Political Risk - The
U.S. Code of Federal Regulations defines
terrorism as "the unlawful use of force and violence against persons or
property to intimidate or coerce a government, the civilian population, or any
segment thereof, in furtherance of political or social objectives" (28
C.F.R. Section 0.85)
The racist events in
Charlottesville, Virginia led to mob violence, riots, property damage, and the
fatal death of Ms. Heather Heyer. Why? Perhaps because the organizers
sought not to share Power, Resources, and Responsibilities (PRR) with members of
the protected group PLAHNET 52.[1] Domestic or International terrorist
either want more PRR or do not want to share PRR. Either case leads to
political and social risk culminating in terroristic acts.
To reduce domestic
terrorist acts and violence the solution is to reduce the racial wealth income
gap so everyone feels included.
How Ginicoe Closes
the Race Wealth Income-Gap
What would your best self do?
All real estate is local. Munis are underwritten by the local
bank. We believe that municipal bond ratings by Nationally Recognized
Statistical Rating Organizations (NRSRO) better captures the true
social/political risk that the mortgage banks endure. A local government's
ability and willingness to make fiscal adjustments and its legal and political
relationships with higher levels of government can be more important to its
ability to meet debt service than its economic trends or financial position.
Nothing
prohibits a nationally recognized statistical rating organization (NSRO) such
as Moody's, S&P, Fitch, and others from using additional credit factors
that are documented and disclosed by the organization and that have a
demonstrated impact on the risk an investor in a security or money market
instrument is exposed too.
Examples
of additional credit factors aka political/social risk are not limited to
political or social risk or civil unrest or political gridlock or instability
or management turnover or perhaps as evidenced in a movement accompanied by
action specifically intended to overthrow the constituted government, in riots,
fires, Black Lives Matter demonstrations, revolution, government insurrection
property damage, hate crime, civil rights, war, terroristic act of violence,
union and labor contract disputes, Occupy Wall Street, Klu Klux Klan Rally,
collapse in tourism due to civil unrest, ethnic tension, productivity, peasant
revolt, economic downturn, investor confidence, road rage, default rate, civil
wars, blockades of medical, food, or political expression by way of land,
water, air, or technology; loss of life, trade barriers, regressive taxes,
political elections that may change the ruling class, of which the underlying
grounds is often the unfinished business of racism or the concentration of
power, resources, and responsibility (PRR), demonstrations, picketing, property
damage, consent decree, high insurance claims, debt to civil disobedience,
expense to hire more police and equipment, and similar acts of
civil-disobedience triggering insurance claims where all claim data is
considered as “other sources” pursuant to NSRO Title II and any and all other
quantifiable metrics grounded in the concentration of power, resources, and
responsibility.
The Ginicoe Municipal Bond
Point System
MUNICIPAL BOND
ISSUER INDENTURE OF NEGATIVE COVENANTS
As a Municipal Issuer
you should include the following negative covenant in the indenture:
Issuer agrees that Mob violence or conspiratorial violence (emphasis supplied
on ‘violence’ and not necessarily on ‘mob’) incited by a municipality, public official,
individual, or business in their official or individual capacity that upsets
the population balance between P52 and European-Americans (EA) either expressly
or indirectly or causally thereby affecting P52 segregated housing issues, P52
integrated housing issues, gentrification issues, or some facsimile thereof
involving P52 e.g. labor, education, voting, Commercial Ownership etc.
where the municipality, public official, individual, or business, in their
official or individual capacity, had knowledge or contributory negligence that
the violence was in progress shall be responsible to invoke the Ginicoe Bond
Risk Rating Point positive covenants as spelled out below.
DEFINITION
Contributory negligent
means if a person was injured or killed or if a property damage or wrongful
death insurance claim is triggered for damages or if a civil suit or criminal
action is filed in part due to the municipality, public official, individual,
or business' acts of violence in their official or individual capacity's own
negligence.
MUNICIPAL BOND
ISSUER INDENTURE OF POSITIVE COVENANTS
Municipal issuer
further agrees that once above negative covenants occur in part or in whole
that FI creditor underwriter will impose the following positive covenants:
· First
violation downgrade to Upper Medium grade for 6 months.
· Second
violation within 2 years downgrade to investment grade for 12 months.
· Third
violation within 2 years downgrade to speculative grade for 18 months.
· Fourth
violation within 2 years downgrade to junk for 2 years.
Violators are provided
a grace period to remedy the violation. E.g. Voluntarily consent decree,
confirmed commitment to racially integrating housing, labor, education, or
voting or some facsimile thereof. If not corrected, creditors are
entitled to announce default and demand immediate repayment of principal and
any accrued interest.
In applying the Ginicoe
Bond Point System to Muni’s at the local level described as the Political
Subdivision defined as city, county, town, township, parish, village,
congressional districts, or other general purpose political subdivision of a
State and any school, utility, fire, or tax district, or other special purpose
political subdivision of a State or entire MSA or community reinvestment
assessment area (CRA); we believe, better captures the true risk for the issuer
and investor alike.
It
is local risks, not geopolitical risk, or the Trump Administration impending
government shutdown, that affects local banks, insurance companies, and
investor’s risk level at the local level. It is local risks that affect
government obligations (GO Bonds) and revenue bonds ratings, repayment
schedules, the local economy, unemployment factors, income, wealth, defaults,
tax burden, and yes income inequality and the concentration of PRR.
By objectively applying
the Ginicoe Bond Point System to municipal bond ratings at the political
subdivision level, we can more efficiently measure and reduce political and
social risk for the financial services sector and make it easier for government
issuer's to reduce risk, default, wrongful death actions, domestic terrorism,
police brutality, or be forced to raise property taxes to meet debt obligations
and/or associated other government budgetary expenses. Can you say AFFH?
AFFIRMATIVELY
FURTHERING FAIR HOUSING
To
continue to enjoy appreciated value in home ownership, policy makers may be
compelled to stop police abuse and executions of Black Men and Black Woman,
calm local residents, reduce violence and maintain order, reduce hate crimes
and hate demonstrations, and riots that lead to domestic terrorism. This will
result in a AAA bond grade to cost effectively sell GO Bonds for policy maker’s
projects combined with a decrease in local business insurance
premiums due to lower risk of property damage – where the simple solution is
integrated housing that is demonstrable in the sharing of PRR. We see a
composite of this successful model of integrated
housing in Singapore’s success as an ethnically diverse and inclusive
society.
The
most direct way for Ginicoe to achieve its mission to reduce the income
inequality gap is to assist our members with our SoJOR Pricing Plan, and in
particular members of the protected group PLAHNET52, to build wealth through
home ownership. We do this by reducing fear and fraud and integrating housing
block by block and house by house and apartment by apartment and room by room. What
would your best self do?
WHAT CAN LOCAL GOVERNMENT
DO TO REDUCE INCOME INEQUALITY?
Close the Income Gap
Racially
Segregated housing has negative financial consequence for the protected group
of PLAHNET52 in the form of reduced home appreciation that starts with the
National Association of Real Estate Appraisers. This is the biggest price of
housing segregation. This is essentially a segregation
tax.
What would your best
self do? By racially integrating housing
block by block, house by house, apartment by apartment – we reduce the income
inequality gap and by extension eliminate violence attributed to domestic terrorism.
Home ownership and
equity with appreciated values is the typical American family’s most important
financial asset, and an important vehicle for transmitting wealth from
generation to generation. It is the most direct way to close the income
inequality gap.
The
sharing of power, resources, and responsibility (PRR) is what will close the
income inequality gap. e.g. rulemaking (power), land and wealth (resources),
and trustworthiness (responsibility) equates to the Sharing PRR that is at the
root of terrorism and political violence.
What Ginicoe Can Do
Our
facial recognition product(s) focus on the “resources” (land and wealth)
component of sharing PRR. It is you in Government that must focus on the
'Power' and 'Responsibility' component of sharing PRR. Fear and
fraud is what empowers us. Our members Personally Identifiable Information
(PII) and facial image data are treated with the highest of integrity and
trustworthiness to reduce fear and fraud. Our encryption standards comply and
some instances exceed Military grade encryption protocols.
Income inequality between the haves and the have-nots is measured by the
mathematical model known as the gini-coefficient. This is where Ginicoe derives
its name and mission. It measures the gap of income inequality by Country. We
expand that model where our metrics and measurement include Political Subdivision described as
city, county, town, township, parish, village, or other general purpose
political subdivision of a State and any school, utility, fire, or tax
district, or other special purpose political subdivision of a State. We
acknowledge that there is strong correlation between racial fairness at one’s
place of employment and a short commute to get there from their home. Thus
racially integrated housing necessarily needs to be within spatial proximity of
racially fair and balanced work to close the racial wealth-income gap.
TESTIMONIALS USE CASE STORIES
IDENTITY THEFT
California resident Daniel Ramirez was a victim of identity theft. Ramirez
tried to file his tax return online in April 2012, the system refused to accept
it. The person who had stolen his identity filed the taxes before him and they
were claiming a refund of about $10,000. Dealing with the IRS, having to
close fraud credit card accounts, cleaning all that mess up was very stressful,
said Ramirez.
MUNICIPAL BOND DISCOURGEMENT
Los Angeles post Rodney King riot of April 30, 1992 whereas the verdict
acquitting all 4 police officers where City’s Bond Rating is Downgraded due in
part to the burden of mounting debt of hiring more police. Whereas Moody’s said
the push to add more police will “exert pressure” on the budget and is a
“peripheral” factor in the downgrade. If the City is forced to pay an
additional quarter-point in interest [due to the downgrade], that could mean an
additional $446,000 in interest expense per year over the up-to-20-year life of
the bonds. Albeit, without any local political support for tax increases.
Reprinted compliments
of the LA times found here:
http://articles.latimes.com/1993-07-27/local/me-17456_1_city-s-bond-rating
DEED FRAUD
Bershauna Moore
revealed that the will signed by her aunt, Mary Ball, left Moore a house on
Shadowlawn Street in the Tampa Bay area. Ball passed away in 2018 and Moore and
her son moved in. Moore said everything
was fine until the house started deteriorating and she wanted to sell it.
That’s when she learned of a deed from 2018 saying Ball signed the house over
to a company for $10. The signatures
from the will and on the deed do not match.
Moore said they wish
there was a more efficient process to verify property documents. See deed fraud
here
1] For
a complete description of the protected group defined as PLAHNET52, please
clink the link or see our SoJOR and Enterprise Pricing Page.