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. 

 

How Much Taxpayer's Money Was Wasted During The Covid-19 Crisis?

 I really wonder how much of Connecticut Taxpayers' money was wasted during the Covid-19 crisis?  According to the covidmoneytracker.org website a mere $11 trillion dollars has been spent in various programs, loans, grants, direct aid and other programs to apparently save the country from this man-made virus.  I will point out immediately that America's National Debt is now well over $31 trillion dollars with no plan whatsoever forthcoming  to address it and or pay it down on the future.  Our National Debt at this time is at its highest level ever in nation's history and plays a role in the recessionary/inflationary economic nightmare of an energy crisis, runaway inflation, an open border crisis, an illegal drug crisis and unchecked crime that we live in from day to day.  Depending on how it is both reported and analyzed, Connecticut's short and long term debt along with its unfunded liabilities is between $100 and $150 billion dollars, and that is only the part that is not hidden from view. 

It is difficult to understand what America received for that $11 trillion dollars of Taxpayer's monies spent.  It is more difficult to understand how much Connecticut got and where it was spent in the state.  These facts and figures are difficult to find and understand from an economics viewpoint.  We do know that if states continue to declare "states of emergency" due to the Covid-19 crisis, they continue to receive financial support for certain programs as of today even though there is no more pandemic.  Connecticut initially received over $1.3 billion dollars in federal Taxpayer monies in 2020 for various relief programs.  Connecticut received funding from the CARES Act, and a host of other catchy named programs to offset the incredible economic damage that was forced upon the state during the pandemic by Connecticut's Ned Lamont's Democrat led state government/Kingdom.  Lamont's continual emergency powers granted to him by a non operational state legislature allowed for a steady stream of funding to go into the state while the state's economic productivity, viability and work force sat idle.  But where did all that money go?

Connecticut lost many businesses during the pandemic.  They shut down never to open again as many businesses that were deemed "non essential" by Ned Lamont (and/or his highly paid consulting group lackeys) were closed.  What was "essential" was the continuous operations of Ned Lamont's family hedge fund and several of their holdings especially Sema4.  One company that should have been investigated and still to this day needs to be investigated is Sema4.  This company received a 2% "sweetheart" state loan and funding. Recapping again what happened, $45,150,000 is what Sema4 has been able to obtain with little to no oversight in Covid-19 and Genomics testing from the State of Connecticut.  Further, there are loans and unknown billings and payments that in many cases continue not to be reconciled nor disclosed as of today. To date, Connecticut State-run media has never reported there was 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/Sema4 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 guarantee, leaving faltering Sema4 to pay its own debts, and if that does not work, the loan then becomes a casualty to taxpayers.   Sema4 shut down operations in the state and is on the verge of bankruptcy with its nearly worthless stock.  We still do not know how much in profits did Lamont and family gain off this deal and their dealings with the state.  We know that Connecticut taxpayers will foot the bill for this deal in the future.  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. Mr. De Angelo this past week stated there needs to be a complete audit of where this money went and where did all the pandemic funding go to.  I agree.  However, we do know one Democrat slightly fallen from grace is former State Representative Michael DiMassa who pleaded guilty to stealing $1.2 million dollars of Covid-19 relief funds from the Democrat-led city of West Haven.  How many more cases are still out there waiting to be uncovered in terms of theft of Covid-19 relief funds?  I guess Taxpayers do not really need to know.

I personally hate to see government at any level rip off Taxpayers.  However it seems to be happening on a daily basis.  To see the absolute destruction of state economies such as Connecticut due to their draconian and incoherent decrees in the name of saving lives due to Covid-19 is sickening.  We can look back since March, 2020 and see a ridiculous and frightening abuse of governmental power that profited some well connected elitists in our economy while bankrupting many hard working Americans.  Those who were most vulnerable to Covid-19 were discarded and made to die a lonely death in isolation from their loved ones, treated as some sort of social leper.  And we really need to know how much Taxpayer's monies were wasted in this man-made, abuse of governmental power, profit-mad crisis called the pandemic?  Our questions still do not get answered by "our" government as we continue our journey daily back to 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.