Saturday, August 20, 2022

The $45,150,000 Ned Lamont Sema-4 Debacle For Connecticut Taxpayers

 What's another $45,150,000 to Connecticut Taxpayers who are already in debt for roughly $150 billion dollars of short and long term debt along with unfunded liabilities at this time?  The $45,150,000 is what Sema 4 has been able to obtain with little to no oversight in Covid-19 and Genomics testing from the State of Connecticut.  Loans and unknown billings and payments that in many cases continue not to be reconciled nor disclosed as of today.  This is all public information as found on the website: (/opencheckbook.ct.gov/#!/year/All%20Years/explore/0-/vendor/SEMA4+GENOMICS/1/service).  My good friend Tony De Angelo on his weekly segment on the Lee Elci radio show on 94.9 WJJF New London, CT has been talking about these payments for over two years now and I have written about them on several occasions.  Incredibly Sema 4 is now laying people off.  250 Connecticut employees were laid off and the Branford location will be closing at the end of the year.  They apparently are moving to Maryland.

But wait! What about the State of Connecticut loan of $15 million dollars to this politically connected company?  Will that be repaid?  Or was it a typical Connecticut Democrat Party loan that does not need to be paid back nor accounted for in the corrupted political world of Connecticut since it apparently was approved in secret?   Why are many of the invoices that Sema 4 was paid for still not reconciled in the state ledger?  What did Sema 4 do with the State of Connecticut loan money?  What was the role of the Lamont's family hedge fund with Sema 4 and how was there no conflict of interest seen between the Governor and this company?  Is there any accountability for it and or questioning by any state oversight agency as to the money spent?  We still do not have answers from two years ago as to the companies that have had investments made in them by Oak HC/FT Partners relating to the Covid-19 crisis include "Thermo Fisher Scientific", "Sema 4", " Core Infomatics", "Ocrulus", "Urjanet", "1life Healthcare", "Galileo Health", "Castlight Health", "Paladina Health", and "VillageMD" to name a few.   They seem to all have ties to Connecticut also in the form of contracts to do business with the State of Connecticut, its non profits, or surrounding states via no bid contracts.  Connecticut Taxpayers still do not how much profit was made by Oak HC/FT Partners and the Lamont family  from these contracts and or companies.  What about a securities fraud law firm, asking for an investigation of Sema4 Holdings Corp. on behalf of its investors this past week?  Again why is this not an issue in the current campaign for Governor?  Why can't Connecticut Taxpayers get answers?

Why does corporate welfare continue in Connecticut?  Do Connecticut Taxpayers and the economy gain anything other than lies and smoke screens from corporate welfare?  What purpose and economic value did the $45,150,000 worth of payments provide Connecticut Taxpayers?  Why was Sema 4 given a $15, 000,000 loan only to have their business decline, lay workers off and basically move out of state?  No questions asked by any elected official in the state about this.  

Truth continues to be in short supply with Ned Lamont, his family's hedge fund and the Connecticut Democrat Party.  Ned Lamont really needs to come clean with the secret web he has woven around his financial interests financed by the Connecticut Taxpayers.  The Connecticut Democrat party lead by  Ned Lamont apparently feels that Connecticut Taxpayers need to be enslaved by them and their financial interests.  The Connecticut Democrat party led by Ned Lamont created a great deal  of economic damage because of their Covid-19 restrictions, decrees and ruthless shutdowns of the states economy.  They decided  it was OK for for those elderly and ill trapped in homes and rehab centers due to their incoherent "health and safety" guidelines to die a slow death from Covid-19.  It is sickening what this state has gone through because of these policies.  The failures of Ned Lamont can not be seen nor spoken about by the state run media as his only concern has been making a buck off Connecticut Taxpayers.  Enough is enough.

And it is 1776 all over again




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