Three Years Later, and Still No Answers To Ned Lamont's Sema 4 Debacle

Connecticut's secret Democrat and illegally-used non-profits are a fascinating look at the non- transparency of Ned Lamont's Democrat Connecticut Party's inner workings.  They are very difficult to understand and follow.  They are designed that way so that Connecticut's Taxpayers are kept in a perpetual state of confusion and ignorance while profits are being made off them, and other abuses are fashioned from them.  For three years now, Tony De Angelo, in his weekly radio segment on the Lee Elci Show heard on 94.9 WJJF, New London, CT has been discussing these abuses in these non-profits and their agreements especially with Sema4.  Connecticut embraces a hybrid of quasi public/private organization having ties to state government and at the same time having no accountability to Connecticut Taxpayers to show where money has traveled.   I have written about Sema4 several times over the past three years.  Given the perpetual information failure of Connecticut state-run media, coupled with the willful blindness (and/or) ignorance of almost every elected state official on this issue, it is time to revisit it once again.

Sema4 is an excellent example of a complex maze of secret agreements, offshore tax-haven partnerships, personal data mining, and a general rip-off of Connecticut Taxpayer's monies.  Ned Lamont and his family's hedge fund, Oak HC/FT Partners were heavily invested in Sema4.   By way of review, Sema4 obtained $45,150,000 in fast and easy state cash with little to no oversight in Covid-19 and Genomics testing from the State of Connecticut.  It received a $15 million dollar 2% interest-only "sweetheart" loan made by the Connecticut Department of Economic and Community Development with little oversight, of which over 40% of said loan was forgiven by hitting bogus propped-up "job targets" paid for by the very loan proceeds made to Sema4.  It had loans and unknown billings and payments that in many cases continue not to be reconciled nor disclosed as of today.  Last year, Sema4 laid off 250 Connecticut employees and its Branford location closed.  It then moved to Maryland.   And many questions still remain unanswered such as is the loan being paid back?  Why was the loan given in the first place?  Was it given due to the involvement of Oak HC/FT Partners to prop Oak's investment and IPO using state tax money?   Is this a conflict of interest for Ned Lamont's family hedge fund, Mount Sinai Genomics/Sema4, the Connecticut Department of Economic and Community Development that a Governor in office can allow this type of agreement to be in effect? What happened to all the information and data with regards to the undisclosed Genomics testing for which state contracts are in effect?    How about a full disclosure as to what was done with this data and why?  Finally, were the "Covid Tests" made by Sema4 reliable indicators of a China-sourced virus? It is silence as usual from the Lamont Administration.

Connecticut Taxpayer's still do not have answers from three years ago as to the companies that have had investments made in them by Oak HC/FT Partners relating to the Covid-19 crisis.  Some of the companies include "Thermo Fisher Scientific", "Sema4", " Core Infomatics", "UNITE US" "Ocrulus", "Urjanet", "1life Healthcare", "Galileo Health", "Castlight Health", "Paladina Health", and "VillageMD".   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 with no bid contracts.    Will Connecticut Taxpayers ever find out how much profit was made by Oak HC/FT Partners and the Lamont family from these contracts and or companies?  Why is this information secret? 

Sema4 and its ties to Connecticut with its apparently forgiven loan are just a small part of the never ending amoral and unethical "deals" that are made behind Connecticut taxpayers backs with the full blessings of state government.  Why does continue to happen?  What can be done to prevent these issues in the future?  Obviously laws are immaterial to the Ned Lamont Democrat Administration.  The rule of law obviously can get in the way of the income and profits that can be earned by Ned Lamont, his family's hedge fund and other politically connected individuals.  Shameless and unscrupulous economic acts and deals are the norm for Democrat Connecticut.  They always have been and must be accepted for the masses, and those that advocate against this massive cloaked racketeering scheme are vilified.  Connecticut Taxpayers are the slaves supporting this plantation called the Constitution State.  A state that in the opinion of many lacks ethics, morals and true representation of its legal population due to unchecked years of omnipotent, stale and corrupted Democrat Party rule.  Changes are on the horizon since we relive daily the coming of the new war for the precious freedoms that were declared and battled for in 1776. 

 

Where Are The Answers to Sema4 And Ned Lamont? Connecticut Taxpayers Would Like To Know

 Connecticut state government is a complex instrument that spends enormous amounts of Connecticut Taxpayers monies especially for a state as small as Connecticut.  An average citizen has a difficult time trying to see and understand how and where their monies get spent by our government.  To me, it is meant to be complex and confusing on purpose so that average citizens can not question government officials especially when transactions look suspicious and deceptive.  An example is the continuing saga of Sema4, Mount Sinai Genomics and their ties to Ned Lamont's family hedge fund, no bid state contracts for Covid-19 testing, no-bid Genomics testing and a $15 million dollar 2% interest only sweetheart loan made to them by the Connecticut Department of Economic and Community Development.  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. 

With respect to the above, known to just a few is a Third Amendment to a state support agreement signed on April 14, 2021, between the State, the Connecticut Department of Economic and Community Development and Mount Sinai Genomics/Sema 4 amending the original support agreement made between these parties back in 2018.  In the 2018 original agreement, Mount Sinai Genomics guaranteed payment of $9.5 million of the $15,000,000 state funded loan to Sema4.  However, this Third Amendment releases Mount Sinai Genomics from the loan and its payment, leaving faltering Sema4 to pay its own debts, and if that does not work, the loan then becomes a casualty to taxpayers.  In case you have not been following in the news Sema4 is shutting down all operations in Connecticut, laying 250 employees off and moving now to Maryland in a huge "pump and dump" disappearing act well-known to Connecticut Taxpayers  What becomes even more hard to understand for common citizens is the relationship of Mount Sinai Genomics/Sema4 to Ned Lamont's family hedge fund, their investments in the company and profits they have earned.  And an even more troubling question is what is being done from the forced Genomics testing that they did on Connecticut citizens: why do they own this data, for what purpose and at what profit to the company?  But for Tony De Angelo wrestling these documents from the Connecticut Department of Health, no citizen would ever know this despicable practice had even occurred.

Is this a conflict of interest for Ned Lamont's family hedge fund, Mount Sinai Genomics/Sema4, the Connecticut Department of Economic and Community Development that a Governor in office can allow this type of agreement to be in effect and apparently loans can be forgiven while profits are made all during a "crisis" that still seems to be in effect in the state two years later?  Is this a conflict of interest for Ned Lamont's family hedge fund, Mount Sinai Genomics/Sema4, the Connecticut Department of Economic and Community Development that a Governor in office can allow Sema4 to shut down and move out of the state, and in essence default legally on its loan?  Is this a conflict of interest for Ned Lamont's family hedge fund, Mount Sinai Genomics/Sema4, the Connecticut Department of Economic and Community Development that a Governor in office can allow all of these agreements to be shrouded in secrecy and only be extricated by legal pressure?  

For two years the Ned Lamont and Connecticut Democrat Party Covid-19 crisis and debacle continues.  Apparently many questions go unanswered daily on this issue and many others that cost Connecticut Taxpayers millions upon millions of dollars.  Connecticut still has $150 billion dollars in short and long term debt and unfunded liabilities.  It is an economically bereft state with high taxes, poor infrastructure, economically incoherent state union labor agreements, high crime, theft and murders, rampant illegal drug trafficking and drug abuse, and a lack of ethics spewing out of its Governor's office.  This issue needs to be resolved and Connecticut Taxpayers need an answer now.  All state no bid Covid-19 contracts between Ned Lamont's family hedge fund companies and the state need to be reviewed and made public.  What is happening is an excellent example of how our state government has failed its citizens.  It can not be made to look like it is ethical because it is not and never was.  Connecticut taxpayers have been lied to since Ned Lamont took office.  Where are the answers?  Many want to know. 

And it is 1776 all over again.