Saturday, June 20, 2026Edition No. 5

The Racket

Every racket, on the record.

Edition No. 5

The Racket
Edition No. 5Edition No. 5
Current IssueJune 20, 2026
Daily Cartoon — 20 June 2026
Special Report

Daily Cartoon — 20 June 2026

UNITED STATES

CIA OFFICER ALLEGEDLY POCKETED $40M IN GOLD BARS MEANT FOR 'WORK EXPENSES'

In what may be the most audacious expense report ever filed in the history of American intelligence, a former CIA official identified as Rush received tens of millions of dollars i…

In what may be the most audacious expense report ever filed in the history of American intelligence, a former CIA official identified as Rush received tens of millions of dollars in gold bars and foreign currency from the United States government between November 2025 and March 2026, ostensibly for work-related purposes. When the CIA later attempted to locate said gold bars, they found precisely none of them. The currency had similarly gone on an unscheduled and apparently permanent holiday.

Court documents reveal that Rush made multiple formal requests to the government for the precious metals, received them, and then failed to account for their whereabouts in any documentation whatsoever. The CIA, after conducting an internal investigation and establishing that forty million dollars in gold does not simply misplace itself, referred the matter to the FBI. Rush was subsequently arrested.

The case raises several questions that the intelligence community may prefer not to answer publicly, chief among them being what operational necessity requires tens of millions in physical gold, and what the approval process looks like for such requests. That the CIA apparently disbursed the funds before anyone thought to ask those questions suggests that the agency's internal controls may benefit from some review — ideally before the next large gold bar requisition comes through.

Sources: BBC
UNITED STATES

TRUMP PARDONS DEMOCRATIC CONGRESSMAN CONVICTED OF BRIBERY, BECAUSE WHY NOT

Donald Trump, a president who has made creative use of the pardon power a signature feature of his second term, announced he would pardon a Democratic congressman convicted of brib…

Donald Trump, a president who has made creative use of the pardon power a signature feature of his second term, announced he would pardon a Democratic congressman convicted of bribery — a gesture that manages to be simultaneously bipartisan and deeply suspicious depending on one's tolerance for cynicism. The pardon arrived alongside a sentence commutation for former investment manager David Gentile, who had barely begun serving a seven-year fraud sentence before the presidential act of mercy intervened.

By the accounting of Trump's second term, the pardoned and commuted now constitute a meaningful roster of individuals convicted of fraud and financial crimes of various descriptions. The pattern is consistent enough that legal observers have begun to wonder whether a federal fraud conviction has quietly become a path to presidential clemency rather than a barrier to it.

The administration has not articulated a coherent legal philosophy governing who receives pardons, which may itself be the philosophy. Critics note that selectively neutralizing criminal convictions — regardless of the partisan affiliation of the beneficiary — corrodes the deterrent value of financial crime prosecutions. Supporters argue that the justice system is broken and that someone has to fix it, apparently by emptying it.

Sources: BBC
Edition No. 4Edition No. 4
June 16, 2026
Daily Cartoon — 16 June 2026
Special Report

Daily Cartoon — 16 June 2026

Edition No. 3Edition No. 3
June 16, 2026
Daily Cartoon — 15 June 2026
Special Report

Daily Cartoon — 15 June 2026

SPAIN

SPANISH PM SURVIVES FAMILY CORRUPTION SCANDAL BUFFET WITH EIGHT YEARS EXPERIENCE

Spanish Prime Minister Pedro Sánchez is facing a veritable corruption scandal smorgasbord, with his wife summoned for preliminary hearings and his brother on trial alongside nine o…

Spanish Prime Minister Pedro Sánchez is facing a veritable corruption scandal smorgasbord, with his wife summoned for preliminary hearings and his brother on trial alongside nine others for corruption and abuse of power. The brother's 2017 hiring as a 'regional music coordinator' — apparently a position requiring expertise in harmonizing bribes — has prosecutors singing a different tune.

Sánchez has defended his family members by pointing out that the accusations originated from far-right organizations, because apparently the source of corruption allegations matters more than their veracity. With eight years as PM under his belt, Sánchez has clearly mastered the art of political survival, though one wonders if his family dinner conversations require legal counsel present.

Sources: BBC
NIGERIA

NIGERIA CONVICTS EX-MINISTER TO 75 YEARS, PROMPTLY LOSES TRACK OF HIM

Former Nigerian Power Minister Saleh Mamman has been sentenced to 75 years in prison for laundering $24.6 million — a remarkably specific punishment that suggests Nigerian judges h…

Former Nigerian Power Minister Saleh Mamman has been sentenced to 75 years in prison for laundering $24.6 million — a remarkably specific punishment that suggests Nigerian judges have embraced the 'go big or go home' philosophy of justice. The conviction was handed down in absentia, which is legal speak for 'we can't actually find the guy we're supposed to imprison for three-quarters of a century.'

Mamman's eventual arrest days after his sentencing was hailed as a 'rare follow-through' in Nigeria's anti-corruption efforts, which is perhaps the most damning praise possible for a justice system. The case has rekindled debate over who actually gets held accountable in Nigeria's anti-corruption war, though the answer seems to be 'whoever we can physically locate.'

Sources: Deutsche Welle
Edition No. 2Edition No. 2
June 14, 2026
Daily Cartoon — 14 June 2026
Special Report

Daily Cartoon — 14 June 2026

UKRAINE

UKRAINE'S ZELENSKY DISCOVERS CORRUPTION SCANDALS DON'T PAUSE FOR WARTIME

Apparently fighting off Russian invasion while simultaneously battling homegrown corruption is the kind of multitasking nightmare that would break most mortals, but Ukrainian Presi…

Apparently fighting off Russian invasion while simultaneously battling homegrown corruption is the kind of multitasking nightmare that would break most mortals, but Ukrainian President Volodymyr Zelensky is getting a masterclass in crisis management. Pressure is mounting over a corruption scandal that has managed to penetrate even wartime Ukraine's supposedly unified government, proving that graft finds a way even when missiles are flying.

The scandal involves key figures in Zelensky's administration, creating the delicious irony of a president who rose to power on anti-corruption promises now having to explain why his inner circle apparently couldn't resist the ancient Ukrainian tradition of creative accounting. Nothing quite tests your leadership credentials like having to purge your own team while simultaneously coordinating defense against an existential threat.

Sources: Associated Press
FRANCE

FRANCE DISCOVERS CORRUPTION LIKE FINE WINE, GETS BETTER WITH AGE

France has achieved the remarkable feat of sinking to new lows in the annual global corruption index, proving that even the nation that gave us 'liberté, égalité, fraternité' can m…

France has achieved the remarkable feat of sinking to new lows in the annual global corruption index, proving that even the nation that gave us 'liberté, égalité, fraternité' can master the art of selective blindness when it comes to political accountability. The country's corruption perception has deteriorated so spectacularly that Transparency International France felt compelled to point out the obvious: there's 'absolutely no political leadership in the fight against corruption.'

Florent Clouet, the organization's chief executive, delivered this assessment with the kind of diplomatic understatement that would make a career diplomat weep with envy. Beyond the headline-grabbing scandals that have become as routine as strikes in Paris, France has apparently perfected the art of institutional indifference to graft. The lack of political will has become so pronounced it's practically an art form.

Sources: France 24
JAPAN

JAPANESE PM KISHIDA SPEEDRUNS CABINET RESIGNATION BINGO IN RECORD TIME

Prime Minister Fumio Kishida has managed to lose four cabinet ministers in a fortnight, setting what may be a new world record for political hemorrhaging in a developed democracy.…

Prime Minister Fumio Kishida has managed to lose four cabinet ministers in a fortnight, setting what may be a new world record for political hemorrhaging in a developed democracy. Analysts are calling it a 'once in a generation' political crisis, which is Japanese diplomatic speak for 'holy hell, this is bad.' The corruption scandal has hit Japan's ruling party with the precision of a bullet train, leaving Kishida desperately trying to salvage his government's image while ministers flee like salarymen catching the last train home.

Chief Cabinet Secretary Hirokazu Matsuno and his colleagues have been walking past Kishida with the kind of awkward energy reserved for avoiding eye contact with your boss after a company scandal. The long-ruling party is discovering that decades of comfortable governance doesn't necessarily prepare you for the harsh realities of actual accountability.

Sources: BBC
Edition No. 1Edition No. 1
June 13, 2026
Daily Cartoon — 13 June 2026
Special Report

Daily Cartoon — 13 June 2026

SPAIN

SPANISH PM SÁNCHEZ FAMILY CORRUPTION SCANDALS PROVE NEPOTISM IS SPAIN'S MOST CHERISHED FAMILY TRADITION

After eight years as Prime Minister, Pedro Sánchez has mastered the delicate art of having his immediate family members repeatedly summoned for corruption hearings while maintainin…

After eight years as Prime Minister, Pedro Sánchez has mastered the delicate art of having his immediate family members repeatedly summoned for corruption hearings while maintaining a straight face in public. His brother David faces trial for alleged corruption and abuse of power regarding a suspiciously convenient 2017 hiring as a regional music coordinator—because apparently musical talent runs in families, along with legal troubles.

Not to be outdone, Sánchez's wife has been summoned for a preliminary hearing, creating what political scientists might call a 'corruption convergence' within the household. The PM has defended his family by pointing out that the accusations originated from far-right organizations, employing the time-honored political strategy of attacking the messenger while studiously ignoring the message. Meanwhile, other party members face their own scandals, suggesting that corruption in Spanish politics has achieved something approaching ecosystem-level biodiversity.

Sources: BBC
PHILIPPINES

FORMER PHILIPPINE MP ARRESTED IN PRAGUE FOR FLOOD CORRUPTION BECAUSE EVEN NATURAL DISASTERS NEED PROPER GRAFT

Former Philippine congressman Zaldy Co has been arrested in Prague, proving that corruption scandals can achieve impressive international reach when properly motivated. Co allegedl…

Former Philippine congressman Zaldy Co has been arrested in Prague, proving that corruption scandals can achieve impressive international reach when properly motivated. Co allegedly earned kickbacks from 'ghost' flood control projects—a term that perfectly captures the surreal nature of stealing money meant to prevent people from drowning while ensuring they remain perpetually at risk of drowning.

The Philippines cancelled Co's passport and enlisted Interpol to hunt him down after investigations revealed years of phantom infrastructure projects that cost the economy dearly while providing exactly zero flood protection. Co had been gallivanting around Europe since July 2025, presumably enjoying the fruits of his allegedly fraudulent labor while his constituents dealt with actual floods using actual inadequate infrastructure. The scandal has reportedly hurt President Marcos's popularity, though one might argue that having politicians steal disaster relief funds should hurt more than just poll numbers.

Sources: BBC