https://x.com/WallStreetApes/status/1980952271333548176
Wall Street Apes
@WallStreetApes
Gavin Newsom caught in a massive federal money laundering scam
Newsom increased ambulance costs 300%, then requested reimbursements from the federal government, but it was fake
He’d then pay a different company a fraction of the cost and pocket the rest. Stealing billions
“One of the largest and most convoluted schemes in modern history has been discovered during a review of California's medical financial records”
“Investigators found that under Gavin Newsom's leadership, the Golden State has essentially been funneling taxpayer money from all across America to prop up California's own finances.
Genesis Plan started in 2022 and it revolves around the complex concept of intergovernmental transfers, which in simple terms is when a local hospital or county makes a transfer to the state Medicaid agency for payments of medical services such as ambulance rides
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After the transfers are made, the state can then request a matching amount of money from the federal government
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But Gavin Newsom's California abused this system by raising the price of a simple ambulance ride by nearly 300%
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Then once the local hospitals made the transfer to the state and the state received the matching funds from the federal government
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California then instead paid a private ambulance service which cost only a fraction of the original price, pocketing the difference.”
This is one of the most dishonest frauds against taxpayers ever created, Gavin Newsom stole billions with this fraud
Gavin Newsom reimbursement rates for public ambulance services by up to 500% (from $339 to $1,600 per ride in some approvals), prompting local governments or hospitals to transfer those inflated amounts to the state via IGTs.
The state then claims federal matching dollars—typically at a 50% rate—before reimbursing private ambulance providers at the original lower cost, effectively pocketing the surplus federal funds to offset state budget shortfalls
How has Gavin Newsom not been raided by the FBI and thrown in prison for life
0:12 / 1:21
12:00 AM · Oct 22, 2025
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