Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

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Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

The Food and Drug Administration banned the sale of soaps containing certain antibacterial chemicals on Friday, saying industry had failed to prove they were safe to use over the long term or more effective than using ordinary soap and water. In all the F.D.A. took action against 19 different chemicals and has given industry a year to take them out of their products. About 40 percent of soaps — including liquid hand soap and bar soap – contain the chemicals. Triclosan, mostly used in liquid soap, and triclocarban, in bar soaps, are by far the most common. The rule applies only to consumer hand washes and soaps. Other products may still contain the chemicals. At least one toothpaste, Colgate Total, still does. Public health experts applauded the rule, which came after years of mounting concerns that the antibacterial chemicals that go into everyday products are doing more harm than good. Experts have pushed the agency to regulate antimicrobial chemicals, warning that they risk scrambling hormones in children and promoting drug-resistant infections. Studies in animals have shown that triclosan and triclocarban can disrupt the normal development of the reproductive system and metabolism, and health experts warn that their effects could be the same in humans.

Note: The US government allows corporations to decide what is "generally regarded as safe" for public health, which is why so many substances once considered safe are later found to be toxic and even deadly. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.

A whistle-blower who once worked for Monsanto walked away with a handsome payout for alerting regulators to accounting improprieties within the company, according to Reuters. Regulators will reportedly award the former executive with $22 million in connection with the $80 million settlement agreement Monsanto made with the S.E.C. over an incentive program the company ran to promote its trademark weed killer, Roundup. The $22 million payout is the second-highest sum the S.E.C. has given so far to a whistle-blower, behind a $30 million award paid in September 2014. The regulatory agency enacted a program to sweeten the idea of reporting impropriety in 2011, as part of the Dodd-Frank reforms. With between 10 and 30 percent of penalties or settlement agreements made with the government on the line, Wall Streeters and company insiders have all but lined up to tip off the S.E.C. Between September 2014 and September 2015 alone, the agency says 4,000 people forked over information, and more than 30 of them have pocketed a collective $85 million over the last five years.

Note: Monsanto lied to regulators and investors about RoundUp's profitability for three years. Major lawsuits are beginning to unfold over Monsanto's lies on the dangers of Roundup. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

A former Monsanto executive who tipped the U.S. Securities and Exchange Commission to accounting improprieties involving the company's top-selling Roundup product has been awarded more than $22 million from the agency's whistleblower program. The award of $22,437,800 was tied to an $80 million settlement between the SEC and Monsanto in February, according to the [executive's] lawyer, Stuart Meissner in New York. It is the agency's second largest under the program. The Dodd Frank financial reform law empowered the SEC to award money to whistleblowers who give information to the agency which leads to a fine. Awards to 33 whistleblowers by the SEC's program have now surpassed a total of $107 million since the agency launched the program in 2011, the agency said. Monsanto's $80 million SEC settlement followed allegations that the company misstated its earnings in connection with Roundup, a popular weed killer. The SEC's case against Monsanto revolved around a corporate rebate program designed to boost Roundup sales. The SEC had said that Monsanto lacked sufficient internal controls to account for millions of dollars in rebates that it offered to retailers and distributors. It ultimately booked a sizeable amount of revenue, but then failed to recognize the costs of the rebate programs on its books. That led the St. Louis-based agriculture company to "materially" misstate its consolidated earnings for a three-year period. The award represents more than 28 percent of the total penalty and nearly the 30 percent maximum allowed under the SEC's bounty program.

Note: The above shows that Monsanto has been lying to their investors about how profitable Roundup is while major lawsuits build over the connection between Roundup and cancer. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

UBS, the world's largest wealth manager, is facing embarrassment over fresh revelations going back to the tax investigation that led to the collapse of Swiss banking secrecy. Two significant events are looming before UBS. The first is the possibility of a public trial in France, featuring UBS whistleblower Bradley Birkenfeld, concerning historic tax evasion allegedly orchestrated by the bank. The other is the publication ... of Birkenfeld's scathing new book, Lucifer's Banker, which covers his time at UBS. The tax evasion controversy, which was first highlighted in 2005, subsequently involved the US Department of Justice, the State Department and Internal Revenue Service. It was prompted by disclosures made by Birkenfeld that UBS had helped wealthy US citizens evade taxes. In 2009, UBS paid $780m (Ł588m, €693m) to US authorities to avoid prosecution. Birkenfeld served 31 months in prison for one count of conspiracy to abet tax evasion by one of his clients. After he was released he was paid a record $104m by the IRS for helping recover unpaid taxes. However, Birkenfeld has since said that he was systematically prevented from giving testimony in open court – but this may be about to change thanks to the French authorities. Birkenfeld claims the UBS cover­up stretches to the highest levels of the US establishment. He promises four big names will be exposed in his book, [and] claims there was a glaring conflict of interest involving then Senator Barack Obama, which essentially placed him on the UBS payroll.

Note: Read a New York Times article on how this courageous whistleblower managed to beat the system. As a result of Birkenfeld's disclosures, Obama's suspicious ties with UBS were reported in 2010. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.

EpiPen prices aren't the only thing to jump at Mylan. Executive salaries have also seen a stratospheric uptick. Proxy filings show that from 2007 to 2015, Mylan CEO Heather Bresch's total compensation went from $2,453,456 to $18,931,068, a 671 percent increase. During the same period, the company raised EpiPen prices, with the average wholesale price going from $56.64 to $317.82, a 461 percent increase. In 2007 the company bought the rights to EpiPen, a device used to provide emergency epinephrine to stop a potentially fatal allergic reaction and began raising its price. In 2008 and 2009, Mylan raised the price by 5 percent. At the end of 2009 it tried out a 19 percent hike. The years 2010-2013 saw a succession of 10 percent price hikes. And from the fourth quarter of 2013 to the second quarter of 2016, Mylan steadily raised EpiPen prices 15 percent every other quarter. After Mylan acquired EpiPen the company also amped up its lobbying efforts. In 2008, its reported spending on lobbying went from $270,000 to $1.2 million, according to opensecrets.org. Legislation that enhanced its bottom line followed, with the FDA changing its recommendations in 2010 that two EpiPens be sold in a package instead of one. And in 2013 the government passed a law to give block grants to states that required they be stocked in public schools.

Note: For more, see this CNBC article. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.

Children exposed to relatively high levels of PCBs in the womb may have an increased risk of developing autism, a new study suggests. PCBs, or polychlorinated biphenyls, are man-made chemicals once used in a wide range of products, from electrical appliances to fluorescent lighting. Use of these chemicals was banned in the 1970s because of concerns about their health effects. But since they do not easily break down, PCBs still linger in the environment - and in people. In the new study, researchers found that when pregnant women had relatively high levels of certain PCBs in their blood, their children were about 80 percent more likely to be diagnosed with autism versus other kids. Those children also had a roughly twofold higher risk of intellectual disabilities unrelated to autism. "Autism is a complex condition with many different causes, and those causes vary among individuals," said Kristen Lyall, lead researcher on the study. Experts believe that for children to develop autism, they have to have a genetic susceptibility and be exposed to certain environmental factors during critical periods of early brain development. Researchers are still trying to figure out what those environmental factors are. But some suspects include prenatal exposure to poor nutrition, certain infections, heavy air pollution and pesticides, according to the non-profit Autism Speaks. The new findings suggest that PCBs could be another one of the "puzzle pieces," said Lyall.

Note: Monsanto and other chemical manufacturers spent decades dumping PCBs in low-income areas. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.

Former Fox News host Andrea Tantaros claims in an explosive new lawsuit that disgraced ex-network chairman Roger Ailes sexually harassed her and that high-ranking executives fostered a newsroom culture in which abusive behavior flourished. Fox News masquerades as defender of traditional family values, but behind the scenes, it operates like a sex-fueled, Playboy Mansion-like cult, steeped in intimidation, indecency and misogyny, the suit reads. Ailes was the primary culprit, according to the suit, but his actions were condoned by his most senior lieutenants who engaged in a concerted effort to silence Tantaros by threats, humiliation, and retaliation. Tantaros' suit is the second leveled against Ailes, but the first to name the network itself and several current executives as co-defendants. Last month, former Fox & Friends host Gretchen Carlson opened the floodgates of sexual harassment accusations against Ailes, a legendary TV executive who built and ran Fox News for two decades after serving as a leading Republican operative and former adviser to three presidents. Ailes is reportedly now advising Republican nominee Donald Trump. Less than two weeks after Carlson made her claims, Ailes stepped down as Fox News chairman. In the suit, Tantaros claimed that Fox News' ... public relations department leaked unflattering information about her, didn't adequately promote her, refused legitimate media requests, and used 'sock puppet' social media accounts to post or direct negative comments about her.

Note: For more on this, see this informative Vanity Fair article. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

The Florida Keys are three months away from a straw poll vote on whether to release millions of genetically modified mosquitoes on an island just east of Key West. The tourist destination is awash in lawn signs ... that showcase the overhead view of a mosquito and read: “NO CONSENT to release of genetically modified mosquitoes”. For the last five years, the biotechnology company Oxitec has been developing a plan to experimentally release the GMO mosquitoes in the Keys, which scientists hope could eventually impede the spread of the Zika virus [by undercutting] the population of Aedes aegypti mosquitoes. But the prospect of ridding the neighborhood of a disease-carrying pest hasn’t quelled public dissatisfaction. Mila de Mier ... has led the charge against the mosquitoes’ release, collecting nearly 170,000 signatures in an online petition against the experiment. “It’s about human rights – this can’t be pushed down our throats without consent,” said De Mier. If the trial goes well, the technology would be on track to commercial approval in the United States, opening a slice of the nation’s $14bn pest control market to the company. Globally, analysts predict Oxitec’s mosquito could bring in up to $400m in annual sales for its parent company, Intrexon. With millions in potential sales at stake, the experiment in the environmentally sensitive, populous area hinges on the fundamental question proposed by opponents: do the people who live where an experiment is to be conducted have a right to decide whether to go forward?

Note: Oxitec, a company criticized for secretly releasing GM mosquitoes into the wild in 2009, was purchased last August by biotech giant Intrexon for $160 million. By December, the Zika virus was all over the news and Intrexon was ramping up production of these GM insects to "fight Zika" in Brazil. For more along these lines, see concise summaries of deeply revealing news articles on GMO controversies and Zika virus fear mongering.

A group of computer security experts say they figured out how to hack the keyless entry systems used on millions of cars, meaning that thieves could in theory break and steal items without leaving a broken window. Remote entry systems on millions of cars made by Volkswagen since 1995 can be cloned to permit unauthorized access to the car's interior. Another system used by other brands including Ford, General Motor's Opel and Chevrolet and Renault can also be defeated. In a paper to be delivered Friday at the Usenix security conference in Austin, Texas, the authors say a thief could use commonly available equipment to intercept entry codes as they are transmitted by radio frequency, and then use that information to clone another remote so the car could be opened. The paper leaves out key details on how to perform the hack but says the codes can be intercepted with commercially available equipment. "It is unclear whether such attacks ... are currently carried out in the wild by criminals," the report says. "However, there have been various media reports about unexplained theft from locked vehicles in the last years." The report did not establish the exact number of cars that use the vulnerable systems. The report authors said that insurance companies might have to accept that car theft scenarios that would otherwise be considered insurance fraud have a higher probability of being genuine. The only surefire countermeasure, they said, would be to stop using the remote and fall back on the mechanical lock using the conventional metal key.

Note: In 2013, Volkswagen blocked the release of an academic paper describing the vulnerability of its ignition systems to hacking. For more along these lines, see concise summaries of deeply revealing corporate news articles from reliable major media sources.

Privately operated government prisons, which mostly detain migrants convicted of immigration offenses, are drastically more unsafe and punitive than other prisons in the federal system, a stinging investigation by the US Department of Justice’s inspector general has found. Inmates at these 14 contract prisons, the only centers in the federal prison system that are privately operated, were nine times more likely to be placed on lockdown than inmates at other federal prisons and were frequently subjected to arbitrary solitary confinement. In two of the three contract prisons investigators routinely visited, new inmates were automatically placed in solitary confinement as a way of combating overcrowding. The review also found that contract prison inmates were more likely to complain about medical care, treatment by prison staff and about the quality of food. These facilities house around 22,000 individuals, mostly deemed “low risk”, at an annual cost of $600m. They are operated by three private companies: Geo Group, Corrections Corporation of America (CCA), and Management and Training Corporation (MTC). These facilities were also more dangerous than others in the federal system. For example, the report found that inmate on inmate assaults were 28% higher in contract prisons. “This is the latest in a whole series of reports and investigations that have found very serious issues with Bureau of Prisons shadow systems of private prisons,” said Carl Takei, a staff attorney with the ACLU.

Note: Immediately following this inspector general's investigation, the US Justice Department announced plans to phase out private federal prisons. For more along these lines, see concise summaries of deeply revealing prison system corruption news articles.

Think tanks, which position themselves as “universities without students,” have power in government policy debates because they are seen as researchers independent of moneyed interests. But in the chase for funds, think tanks are pushing agendas important to corporate donors, at times blurring the line between researchers and lobbyists. And they are doing so while reaping the benefits of their tax-exempt status, sometimes without disclosing their connections to corporate interests. On issues as varied as military sales to foreign countries, international trade, highway management systems and real estate development, think tanks have frequently become vehicles for corporate influence and branding campaigns. “This is about giant corporations who figured out that by spending, hey, a few tens of millions of dollars, if they can influence outcomes here in Washington, they can make billions of dollars,” said Senator Elizabeth Warren, Democrat of Massachusetts, a frequent critic of undisclosed Wall Street donations to think tanks. Washington has seen a proliferation of think tanks, particularly small institutions with narrow interests tied to specific industries. At the same time, the brand names of the field have experienced explosive growth. [The Brookings Institution]’s annual budget has doubled in the last decade, to $100 million. The American Enterprise Institute is spending at least $80 million on a new headquarters in Washington, not far from where the Center for Strategic and International Studies built a $100 million office tower.

Note: Read more about how big money buys off institutions democracy depends on. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

For more than a decade, professional snoops have been able to search troves of ... addresses, DMV records, photographs of a person’s car - and condense them into comprehensive reports costing as little as $10. Now they can combine that information with the kinds of things marketers know about you, such as which politicians you donate to, what you spend on groceries, and whether it’s weird that you ate in last night, to create a portrait of your life and predict your behavior. IDI, a year-old company in the so-called data-fusion business, is the first to centralize and weaponize all that information for its customers. Chief Executive Officer Derek Dubner says the system isn’t waiting for requests from clients - it’s already built a profile on every American adult, including young people who wouldn’t be swept up in conventional databases, which only index transactions. These personal profiles include all known addresses, phone numbers, and e-mail addresses; every piece of property ever bought or sold, plus related mortgages; past and present vehicles owned; criminal citations, from speeding tickets on up; voter registration; hunting permits; and names and phone numbers of neighbors. The reports also include photos of cars taken by private companies using automated license plate readers - billions of snapshots tagged with GPS coordinates and time stamps to help PIs surveil people or bust alibis. IDI also runs two coupon websites ... that collect purchasing and behavioral data.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the erosion of privacy.

Weeks after taking a job as a breeding technician at Eagle Point Farms, an anguished Sharee Santorineos sat down and wrote a three-page whistleblower complaint. "I seen pigs that are pregnant beat with steel bars," said her letter to the Illinois Bureau of Animal Health and Welfare. Santorineos knows about raising animals. At a friend's rural Illinois farmhouse, she grows pigs and poultry that they eventually will have slaughtered. Like other worker allegations about animal abuse in Illinois' 900-plus hog confinement facilities, Santorineos' account went nowhere. The state has regularly discounted or dismissed such worker complaints, a Tribune investigation has found. In the Illinois hog confinements that send 12 million pigs to market annually, the bureau did not find a single animal welfare infraction or violation during the past five years. A lack of inspectors - the bureau has just six - contributes to the scant enforcement, while weak Illinois and federal livestock protection laws do little to safeguard animals. In on-the-record interviews, Santorineos and more than a dozen other Illinois swine-confinement workers told the Tribune they witnessed fellow employees whip pigs with metal rods and gouge them with pliers and ballpoint pens to hurry the animals from one stall to the next or onto the trucks that took them to slaughter. They described employees abusing pigs for amusement and encouraging colleagues to take out their frustrations on the animals.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the food system.

In the last couple of years, the poultry industry has sharply reduced its use of antibiotics, responding to concerns among public health officials and regulators about the rise of antibiotic-resistant bacteria. But ... Sanderson Farms, the country’s third-largest poultry producer, has started an advertising campaign to defend its continued use of antibiotics. The ads feature two blue-collar men, Bob and Dale, in plaid shirts and baseball caps talking about the labels on chicken. “The ones that say ‘raised without antibiotics,’ ” Dale says in one of the ads, “That’s just a trick to get you to pay more money.” Sanderson’s marketing campaign ... is likely to intensify the already fierce fight over the use of antibiotics in agriculture. Consumers, advocacy groups and corporate customers like McDonald’s and Chick-fil-A have said they will buy only chicken raised without the antibiotics used to treat humans. Those commitments and others ... have persuaded four of the five large American poultry producers to begin reducing their reliance on antibiotics. But not Sanderson. The Centers for Disease Control and Prevention has repeatedly expressed concern that the use of antibiotics in animal husbandry is contributing to the rise of antibiotic-resistant bacteria. In a 2013 report, the agency linked two of 18 antibiotic-resistant bacteria to the use of antibiotics in animals.

Note: For more along these lines, see concise summaries of deeply revealing news articles on food industry corruption and health.

In June, Dr. Barbara Bowman, a high-ranking official within the Centers for Disease Control and Prevention, unexpectedly departed the agency, two days after information came to light indicating that she had been communicating regularly with - and offering guidance to - a leading Coca-Cola advocate seeking to influence world health authorities on sugar and beverage policy matters. Now, more emails suggest that another veteran CDC official has similarly close ties to the global soft drink giant. Michael Pratt, Senior Advisor for Global Health in the National Center for Chronic Disease Prevention and Health Promotion at the CDC, has a history of promoting and helping lead research funded by Coca-Cola. Pratt also works closely with the nonprofit corporate interest group set up by Coca-Cola called the International Life Sciences Institute (ILSI), emails obtained through Freedom of Information requests show. His work ... includes a position as a professor at Emory University, a private research university in Atlanta that has received millions of dollars from the Coca-Cola Foundation and more than $100 million from famed longtime Coca-Cola leader Robert W. Woodruff. Coca-Cola’s financial support for Emory is so strong that the university states on its website that “it’s unofficially considered poor school spirit to drink other soda brands.” The mission of the CDC is protecting public health. It is problematic for agency officials to collaborate with a corporate interest that has a track record of downplaying the health risks of its products.

Note: For more on the close ties between Coca Cola and the government, read this revealing article. For more, see concise summaries of deeply revealing news articles on corruption in government and in the food system.

Three senior Irish bankers were jailed on Friday for up to three-and-a-half years for conspiring to defraud investors in the most prominent prosecution arising from the 2008 banking crisis. The trio will be among the first senior bankers globally to be jailed for their role in the collapse of a bank during the crisis. The crash thrust Ireland into a three-year sovereign bailout in 2010. It could take another 15 years to recover the funds pumped into the banks still operating. Former Irish Life and Permanent Chief Executive Denis Casey was sentenced to two years and nine months. Willie McAteer, former finance director at the failed Anglo Irish Bank, and John Bowe, its ex-head of capital markets, were given sentences of 42 months and 24 months respectively. All three were convicted of conspiring together and with others to mislead investors, depositors and lenders by setting up a 7.2-billion-euro circular transaction scheme between March and September 2008 to bolster Anglo's balance sheet. "They manufactured 7.2 billion euros in deposits by obvious sham transactions," Judge Martin Nolan told the court. No senior industry executives in [the US or UK] have been sent to jail.

Note: Iceland allowed big banks to fail and in 2015 sent 26 bankers to jail for their role in the 2008 financial crisis. It's economy is in good shape. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

A safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of dollars for pricey medications at taxpayer expense. The cost of Medicare’s “catastrophic” prescription coverage jumped by 85 percent in three years, from $27.7 billion in 2013 to $51.3 billion in 2015. Out of some 2,750 drugs covered by Medicare’s Part D benefit, two pills for hepatitis C infection - Harvoni and Sovaldi - accounted for nearly $7.5 billion in catastrophic drug costs in 2015. Medicare’s catastrophic coverage was originally designed to protect seniors with multiple chronic conditions from the cumulatively high costs of taking many different pills. Beneficiaries pay 5 percent after they have spent $4,850 of their own money. With some drugs now costing more than $1,000 per pill, that threshold can be crossed quickly. Lawmakers who created Part D in 2003 also hoped added protection would entice insurers to participate in the program. Medicare pays 80 percent of the cost of drugs above a catastrophic threshold that combines spending by the beneficiary and the insurer. That means taxpayers, not insurers, bear the exposure for the most expensive patients. Catastrophic spending accounts for a fast-growing share of Medicare’s drug costs, which totaled nearly $137 billion in 2015. The catastrophic share was 37 percent, yet only about 9 percent of beneficiaries reached the threshold for such costs. Catastrophic coverage will soon cost as much as the entire prescription program did when it launched. Experts say the rapid rise in spending for pricey drugs threatens to make the popular prescription benefit financially unsustainable.

Note: Read an excellent essay by former New England Journal of Medicine editor Dr. Marcia Angell exposing The Truth About the Drug Companies. For more along these lines, see concise summaries of deeply revealing Big Pharma profiteering news articles from reliable major media sources.

The images that shaped public imagination of the American Indian - 19th and early 20th century photographs - were mostly fiction. Often, they were sentimentalized portrayals of what Edward S. Curtis, the most successful of all who trained their cameras on the subject, called “the vanishing race.” The ... pictures glossed over attitudes and policies that today are seen as cruelly neglectful, if not genocidal. Curtis himself, funded with J.P. Morgan money to produce some 40,000 photographic documents for his magnificent 20-volume “The North American Indian,” is known to have choreographed ceremonies and dances, phonied up costumes, retouched negatives to remove all signs of modernity; he paid reservation residents to play the part of native nobility. Other photographers purported to show the fearsomeness of the American Indian warrior. Two ... intensely engaging exhibitions newly opened at the California Historical Society present images of Northern California and southern Oregon’s Modoc tribe. “Sensationalist Portrayals of the Modoc War, 1872-73” examines reports of a sad chapter of American history, when a band of about 60 Indian fighters held off 600 U.S. Army troops. “Native Portraits: Contemporary Tintypes by Ed Drew” features Drew’s revival of a 19th century photographic process to depict present-day Modocs as they choose to be seen. Side by side, the two shows add up to a quiet rebuke of photography’s cravenly racist portrayal of the first Americans.

Note: For more along these lines, see concise summaries of deeply revealing media corruption news articles.

Naloxone works by blocking the effect that painkillers and heroin have in the brain and reversing the slowed breathing and unconsciousness that come with an overdose. But as the demand for naloxone has risen - overdose deaths now total 130 every day, or roughly the capacity of a Boeing 737 - the drug’s price has soared. Not long ago, a dose of the decades-old generic drug cost little more than a dollar. Now the lowest available price is nearly 20 times that. In 2014, more than 47,000 Americans died from drug overdoses. That was 50% more deaths than from highway accidents ... and more overdose deaths than any year on record. The overdose crisis has its roots in the 1990s, when doctors began prescribing more and higher doses of painkillers [in response] to campaigns, often funded behind the scenes by drug makers, that urged doctors to prescribe the strongest painkillers not just to cancer patients and others in severe pain, but also to those with milder pain. The narcotic manufacturers’ funding of those campaigns ... came to light through evidence unearthed in lawsuits and investigative journalism reports. Since 1999, the amount of prescription opioids such as oxycodone, morphine and hydrocodone sold in the U.S. nearly quadrupled. During that same time, deaths from those drugs quadrupled. The lethal side effects of that booming prescription painkiller market has now sparked a moneymaking opportunity with naloxone.

Note: Tens of thousands of deaths are caused by prescription opioid overdose in the US each year. If Big Pharma sees this as an opportunity to profit, what does that say about the healthcare system?

Robert Mazur was a federal agent. He infiltrated Pablo Escobar's Colombian drug cartel for two years in the mid-1980s by pretending to be Robert Musella, a money-laundering, mob-connected businessman. "My role was to come across to the cartel as a credible money launderer," Mazur said. As an undercover operative, he was working with the Bank of Credit and Commerce International, a Luxembourg-based bank with branches in more than 70 countries, in order to launder the cartel's money. BCCI was known to have accounts of drug operatives, terrorists, dirty bankers and others who want to hide money. At one point, he was out at a social event in Miami with a senior bank officer at BCCI who asked him point blank, "You know who the biggest money launderer in the world is? It's the Federal Reserve, of course." That sounds like a crazy allegation, but Mazur said the banker connected the dots for him: In Colombia, it's illegal for anyone to have a U.S. dollar account. But at the state-run Bank of the Republic there is a window they call the "sinister window" or the "anonymous window." There, you can trade in as much U.S. currency as you want. The central bank exchanges it for Colombian pesos at a high rate immediately. Mazur recalls the banker asking: "What do you think happens with that cash? It gets put on pallets, they shrink-wrap it and they're sending hundreds of millions of dollars back to the Federal Reserve. Why didn't anyone ... ask where this money was coming from?"

Note: For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption from reliable major media sources.

Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.