Corporate Corruption News Articles

Excerpts of key news articles on

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.

It was 1956. Papers had run a photograph of President Dwight D. Eisenhower sweetening his coffee with saccharin, with the news that his doctor had advised him to avoid sugar if he wanted to remain thin. The [sugar] industry responded with a national advertising campaign. The ads explained that there was no such thing as a “fattening food”: “All foods supply calories and there is no difference between the calories that come from sugar or steak or grapefruit or ice cream.” More than 60 years later, the sugar industry is still making the same argument, or at least paying researchers to do it for them. The stakes have changed, however, with a near tripling of the prevalence of obesity in the intervening decades and ... an almost unimaginable 655 percent increase in the percentage of Americans with diabetes diagnoses. When it comes to weight gain, the sugar industry and purveyors of sugary beverages still insist, a calorie is a calorie, regardless of its source. The assumption ignores decades of medical science, including much of what has become textbook endocrinology (the science of hormones and hormone-related diseases) and biochemistry. Different carbohydrates, like glucose and fructose, are metabolized differently, leading to different hormonal and physiological responses. Fat accumulation and metabolism [are] influenced profoundly by these hormones. In light of this research, arguing today that your body fat responds to everything you eat the exact same way is almost inconceivably naďve.

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

Paraquat, one of many pesticides that can’t be used in Europe but is sold in the United States and elsewhere, has been linked to Parkinson’s disease in a growing body of research. The [paraquat factory in Huddersfield, England] recently celebrated its centennial. Paraquat [is] one of the world’s most enduring weed killers - but not one that can be purchased in ... Britain or across the Channel in the rest of the European Union. So it will be sent to the United States, or another part of the globe that still allows paraquat to be sprayed on weeds. Now regulators in the United States are grappling with a wave of research linking paraquat to ... Parkinson’s disease. In a recent ... regulatory filing, the Environmental Protection Agency said, “There is a large body of epidemiology data on paraquat dichloride use and Parkinson’s disease.” The agency is weighing whether to continue allowing the chemical to be sprayed on American cropland, although a decision is not expected until 2018. In the meantime, many of the nations that ban paraquat and other chemicals whose use is contentious still allow them to be manufactured as long as they are exported to faraway fields. Even the government of China, a nation not known for environmental regulation, said in 2012 that it would phase out paraquat “to safeguard people’s lives.” As Europe and China move away from paraquat, its use is rebounding in the United States. That is particularly true for soybean fields, where the number of pounds used is up more than fourfold over the past decade.

Note: Paraquat is manufactured by Syngenta, a Swiss company known for manipulating international trade deals. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

A bipartisan coalition of lawmakers is rushing to finalize a new healthcare law that would overhaul the Food and Drug Administration (FDA). The bill, called the 21st Century Cures Act, is also a huge win for lobbyists: 1,455 lobbyists, working on behalf of 400 different healthcare companies, medical device makers and research institutions weighed in on the 900 pages of regulatory tweaks and research grants. Originally conceived as a bill to boost research ... pro-industry groups have used the bill as a vehicle to achieve their long standing legislative agenda. It effectively makes it easier for drug companies and medical device manufacturers to get FDA approval for their products without demonstrating that consumer safety has been taken into account. Consumer advocates are particularly concerned with several provisions that make it much easier for pharmaceutical companies to bypass stringent testing requirements to market and sell drugs for multiple uses. Currently, if a company wanted to sell a drug to treat more than one ailment, it must conduct randomized scientific trials showing the product does indeed work for each separate illness it's marketed for. The 21st Century Cures Act lowers that threshold. The bill also frees pharmaceutical companies to work with insurance companies to promote off-label uses for their drugs and creates a new category of ... medical devices which qualify for expedited regulatory approval. The lawmakers who introduced the measure are bankrolled by the healthcare industry.

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

The Washington Post on Thursday night promoted the claims of a new, shadowy organization that smears dozens of U.S. news sites that are critical of U.S. foreign policy as being “routine peddlers of Russian propaganda.” The article ... cites a report by an anonymous website calling itself PropOrNot, which claims that millions of Americans have been deceived this year in a massive Russian “misinformation campaign.” The group’s list of Russian disinformation outlets includes WikiLeaks and the Drudge Report, as well as Clinton-critical left-wing websites such as Truthout, Black Agenda Report, Truthdig, and Naked Capitalism, as well as libertarian venues such as Antiwar.com and the Ron Paul Institute. This Post report was [hailed] as an earth-shattering exposé. The individuals behind [PropOrNot] are publicly branding journalists and news outlets as tools of Russian propaganda - even calling on the FBI to investigate them for espionage - while cowardly hiding their own identities. The group promoted by the Post thus embodies the toxic essence of Joseph McCarthy, but without the courage to attach individual names to the blacklist. Echoing the Wisconsin senator, the group refers to its lengthy collection of sites spouting Russian propaganda as “The List.” The group eschews alternative media outlets ... and instead recommends that readers rely solely on establishment-friendly publications. That is because a big part of the group’s definition for “Russian propaganda outlet” is criticizing U.S. foreign policy.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the manipulation of public perception.

The Washington, D.C.-based Grocery Manufacturers Association (GMA) has been slapped with a $6 million civil penalty, which will be trebled due to its "intentional violations of state law" for laundering money in a 2013 Washington state initiative campaign. If the ... $18 million in total damages holds up on appeal, it may be the highest fine for campaign finance violations in the history of the United States. The grocery lobby group poured more than $11 million into the "No on 522" committee, which fought and narrowly defeated an initiative to require labeling of genetically modified foods and seeds sold to consumers in the state. What prompted the massive award? The GMA established what it called a "defense of brands account." It collected money to defeat the Washington initiative while shielding the identities of major food manufacturers (e.g. Pepsico, Coca-Cola, General Mills, General Foods) who were putting up millions of dollars in support. The GMA, its members and other sources had spent $43 million in 2012 to defeat California's Proposition 37, which would have required all packaged food products to identify genetically modified organisms. "While successfully defeating Prop. 37, certain individual member companies of GMA and some GMA staff received negative responses from the public because of their opposition to Prop. 37," Judge Hirsch wrote in her ruling. Hence, an elaborate scheme was hatched - and approved by the GMA's board - to conceal individual donors.

Note: Read a more in-depth, revealing article on this on mercola.com. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and the GMO controversy.

Mexican immigrants who speak little English. Older adults with memory problems. College students opening their first bank accounts. Small-business owners with several lines of credit. These were some of the customers whom bankers at Wells Fargo, trying to meet steep sales goals and avoid being fired, targeted for unauthorized or unnecessary accounts, according to legal filings and statements from former bank employees. “The analogy I use was that it was like lions hunting zebras,” said Kevin Pham, a former Wells Fargo employee in San Jose, Calif., who saw it happening at the branch where he worked. “They would look for the weakest, the ones that would put up the least resistance.” Wells Fargo would like to close the chapter on the sham account scandal. But lawmakers and regulators say they will not let it go that quickly, and emerging evidence that some victims were among the bank’s most vulnerable customers has given them fresh ammunition. This week, three members of the Board of Supervisors in San Francisco, Wells Fargo’s hometown, introduced a resolution calling on the city to cut all financial ties with the bank. They cited both the recent scandal and past cases — particularly the $175 million that Wells Fargo paid in 2012 to settle accusations that its mortgage brokers had discriminated against black and Hispanic borrowers. Current and former Wells Fargo employees say the problems continued well into this year.

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

As Hurricane Matthew churned toward Haiti at full force last week, France Francois knew she was powerless to stop the impending natural disaster. But with time running out, the 30-year-old Haitian American thought she might be able to help the island nation avoid the man-made disaster that she expected to follow. Before the storm struck, Francois, a former development worker in Haiti, turned to Facebook and composed a list explaining how people could help the hurricane-ravaged country. Her first instruction: "Don't give to the American Red Cross." Instead, she wrote, people should send money to "Haitian-led" organizations and "not your missionaries and useless college kids." Her post has been shared thousands of times — in part, she believes, because it tapped into a growing consensus among Haitians and Haitian Americans that the American Red Cross can no longer be trusted to effectively manage humanitarian efforts in the Caribbean nation. Those feelings have been bolstered by a widely circulated investigation by NPR and ProPublica, which found that the Red Cross grossly mismanaged its response to Haiti's 2010 earthquake. Speaking to reporters Friday, President Obama told Americans to help Haitians by going "to the American Red Cross," reiterating a standard relief message that exasperates many in the global Haitian community. But it appears that trust in the organization may be eroding.

Note: For lots more on corruption in the Red Cross, see this series of NPR articles. NPR shows that the Red Cross spent 1/4 of all donations to help Haiti on "internal expenses." For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

Bee colonies have been dying off in high numbers, with suspicion falling on agricultural pesticides like herbicides and fungicides, as main factors behind the declines. Now, a new study out of the University of Maryland is the first to look at how a “cocktail” of all of various pesticides could be impacting bee colonies over time. “Our results fly in the face of one of the basic tenets of toxicology: that the dose makes the poison,” study senior author Dennis van Engelsdorp, an assistant professor of entomology at the University of Maryland, said. “We found that the number of different compounds was highly predictive of colony death, which suggests that the addition of more compounds somehow overwhelms the bees’ ability to detoxify themselves.” The study looked at 91 honey bee colonies that were owned by three migratory commercial beekeepers over one farming season. The research team examined 93 pesticide compounds that were found in the colonies throughout the season. These compounds were found building up in the bees’ wax in processed pollen, [as well as] in the bodies of nurse bees. The researchers ... measured three key things: the total number of pesticides, the total number of pesticides that were above a minimum level of toxicity, and each colony’s “hazard quotient,” which factors in the hazard posed by the total toxicity of all pesticides present in the colony. What did the researchers find? Unfortunately, all three measures corresponded with a higher probability of colony death or the loss of the queen bee.

Note: This study was published in Nature Scientific Reports, and found that some compounds regarded as "bee-safe" could be a major contributors to honey bee colony losses. Prior to this, neonicotinoid pesticides were found to be connected to colony collapse disorder. Bayer, a major manufacturer of this pesticide, attempted to cover up the connection between its products and the massive die off of bees.

Hillary Clinton took nearly every precaution to ensure voters would never know what she told investment bankers, lobbyists and corporate executives in dozens of closed-door paid speeches before running for president. Turns out, the Democratic presidential nominee had good reason to do so. She is ... happy to cut backroom deals with corporate interests and curry favor with Wall Street for campaign dollars. The WikiLeaks organization on Friday posted ... emails obtained in a hack of the Clinton campaign chairman’s personal email account. Among the documents posted online was an internal review of the speeches conducted by campaign aides to survey the political damage her remarks could cause if they ever became public. In what aides calculated were the most damaging passages, she reflects on the necessity of “unsavory” political dealing. To investment bankers from Goldman Sachs and BlackRock, Clinton admits that she’s “kind of far removed” from the middle-class upbringing that she frequently touts on the campaign trail. And in speeches to some of the country’s biggest banks, she highlighted her long ties to Wall Street ... saying that she views the financial industry as a partner in government regulation. In an effort to keep those speeches private, strongly worded contracts prohibited unauthorized recordings, reporters were banned and, in some cases, blog posts about her remarks pulled off websites.

Note: BBC has an article listing 11 intriguing revelations from the recent Wikileaks release. The emails also showed discussion of the Clinton campaign's interest in "elevating" Trump and other 'extreme' Republican candidates to make the party's eventual nominee 'unpalatable'. In 2013 alone, Clinton received $2.3 million for delivering these speeches. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the financial industry.

Super PACs seeking to influence the 2016 elections have collected more than $1 billion, a record haul driven by jumbo-sized contributions from rich donors on both sides of the aisle. Just 10 mega-donor individuals and couples contributed nearly 20 percent of the $1.1 billion raised by super PACs by the end of August. The total exceeds the $853 million that super PACs collected in the entire 2012 cycle. The top givers were split roughly equally along party lines, with five Republicans, four Democrats and one independent. Together, super PACs seeking to sway the White House and congressional races have pumped more than $674 million into TV ads and other outreach through September, filings show. By the end of the 2012 elections, such groups had spent $608 million. The figures illustrate how American campaigns have been reordered by the ability to give unlimited sums to political committees. In the six years since the Supreme Court’s Citizens United v. Federal Election Commission decision created new paths for massive contributions to flow into elections, a tiny sliver of donors with immense financial capacity have rushed to participate. Along with the $1.1 billion raised by super PACs, hundreds of millions more has been directed into politically active nonprofits on both sides of the aisle that can keep the names of their contributors secret. The huge sums washing through campaigns are contributing to a growing estrangement between voters and the political system.

Note: Read more about how ghost corporations are funding the 2016 elections. For more along these lines, see concise summaries of deeply revealing elections corruption news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Elections Information Center.

In the 2000 biographical film about a legal clerk who brings a major utility company to its knees for poisoning residents of Hinkley, California, Erin Brockovich ended on a Hollywood high note with a $333m settlement from PG&E. But chromium-6 contamination of America’s drinking water is an ongoing battle the US Environmental Protection Agency (EPA) is losing. Nearly 200 million Americans across all 50 states are exposed to unsafe levels of chromium-6 or hexavalent chromium, a heavy metal known to cause cancer in animals and humans, according to a new report released Tuesday by the nonprofit research and advocacy organization Environmental Working Group (EWG). In their analysis of the EPA’s own data collected for the first nationwide test of chromium-6 contamination in US drinking water, the [EWG] found that 12,000 Americans are at risk of getting cancer. “More than two-thirds of Americans’ drinking water supply has more chromium than the level that California scientists say is safe – a number that’s been confirmed by scientists in both New Jersey and North Carolina,” according to [report co-author Bill] Walker. “Despite this widespread contamination, the US currently has no national drinking water standard for chromium-6.” Erin Brockovich urges Americans to disregard the EPA’s reassurances and to take a more active role in their communities to fix the country’s broken water supply.

Note: US authorities were recently caught systematically distorting water tests to downplay the pollution levels in the US water supply. For more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources.

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.

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.

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.

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.

Eric Holder has long insisted that he tried really hard when he was attorney general to make criminal cases against big banks in the wake of the 2007 financial crisis. [Yet Holder] held his department back [according to] a new, thoroughly-documented report from the House Financial Services Committee. Prosecutors in 2012 wanted to criminally charge the global bank HSBC for facilitating money laundering for Mexican drug lords and terrorist groups. But Holder said no. In September 2012, the Justice Department’s Asset Forfeiture and Money Laundering Section (AFMLS) formally recommended that HSBC be prosecuted for its numerous financial crimes. From 2006 to 2010, HSBC failed to monitor billions of dollars of U.S. dollar purchases with drug trafficking proceeds in Mexico. It also conducted business going back to the mid-1990s on behalf of customers in Cuba, Iran, Libya, Sudan, and Burma, while they were under sanctions. Such transactions were banned by U.S. law. AFMLS Chief Jennifer Shasky wanted to seek a guilty plea for violations of the Bank Secrecy Act. On November 7, Holder presented HSBC with a “take it or leave it” offer of a deferred prosecution agreement, which would involve a cash settlement and future monitoring of HSBC. No guilty plea was required. HSBC [then] successfully negotiated to have individual executives immunized from prosecution. Lack of desire at the highest levels of the Justice Department was ... the primary reason that no prosecutions took place.

Note: While attorney general of the United States, Eric Holder consistently refused to prosecute Wall Street. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

Nearly all food labels in Vermont are now required to disclose when products include genetically engineered ingredients. The requirement, passed two years ago, became effective on Friday. The rule is the first of its kind in the United States, and although it applies only within the tiny state, it is having national impact. Most major food and beverage companies have already added language to their labels to meet the new rule, rather than deal with the logistical hassle of having separate labels for different states. But not all the same products will definitely be on shelves. Vermont’s law requires the labeling of most packaged grocery products as well as any whole fruits or vegetables produced with genetic engineering. That means virtually all products containing derivatives of crops like corn, soy, canola and sugar from sugar beets will need labels, as most of those crops in the United States are grown from genetically modified seeds. Vermont’s law is careful, however, to exclude cheese, a big business in the state. The law also exempts meat from animals that have eaten feed made from genetically engineered grains. The labeling issue has generated heavy and frantic lobbying by the Grocery Manufacturers Association and the trade groups representing major commodity producers of crops like soy and corn, who have wanted a federal law that would prevent mandatory labels.

Note: On July 8, the US Senate passed a bill which allows food companies to continue to avoid clear GMO ingredient labeling. Let's hope it does not pass the full Congress and become a law. For more along these lines, see concise summaries of deeply revealing food industry corruption and GMO news articles from reliable major media sources.

On September 18, 2015, Guatemalan professor Rigoberto Lima Choc awaited a judge’s decision on an issue he had been the first to uncover: A company was polluting the waters of La Pasión River. Lima Choc had not only documented and reported the problem but had also taken journalists and photographers to witness the fish slaughter. That day, as he walked down the steps of the courthouse, two men on a motorcycle approached and fired at him. He died on the spot. Lima Choc’s death is, sadly ... not an exception. Through 2015 a worldwide total of 185 murders of this kind were documented by the nongovernmental organization Global Witness. A detailed report on these deaths ... implies a significant growth from one year to the next. Latin America had the dubious honor of being the region with the highest number of conservationist murders - 122; Brazil took the lion’s share with 50 killings. Indigenous communities are especially vulnerable, and it is there where most environmental activists are killed. Just a few cases [leave] a documented record. Osvaldo Durán, spokesman of the Costa Rica–based Federation for the Conservation of the Environment ... points out that many times the government does nothing to defend people or groups under attack; and that sometimes it even orchestrates disinformation campaigns. Duran says, “The economic model ... requires a fusion of interests between [the] state and corporations. This is when you see the state defending private interests instead of communities.”

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

Nine years ago, the state of Florida received documentation from a security firm vouching for the mental health of Omar Mateen, who launched a bloody attack this week on Orlando nightclub patrons. But the psychologist whose name appears on the document in state records said Friday that she never evaluated [Mateen]. In fact, she wasn’t even living in Florida when the evaluation was supposedly completed. The revelation Friday became another source of scrutiny for the G4S security firm, which was known as Wackenhut at the time. The psychological evaluation done for the company, which is required under state law, cleared Mateen to carry a firearm as a private security guard. “What I do know is that in September 2007, I was not living or working in Florida, I was not performing any work for Wackenhut, and I did not administer any type of examination to Omar Mateen,” Dr. Carol Nudelman, who now lives in Colorado, said in a statement. The global security firm - which does work in more than 100 countries - is locally based in Jupiter. Its operations have come under scrutiny a number of times over the years. In the mid-2000s, G4S was accused of overbilling Miami-Dade County taxpayers of at least $3 million for security services that were not actually provided. But a criminal case against company employees fizzled in 2012.

Note: A CBS News story titled, "Locked Inside a Nightmare" sheds light on Wackenhut's profoundly corrupt history. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

When the price of the blood-pressure drug Nitropress leaped from $215 to $881 last year, an increase of 300%, it triggered public outrage. [Drug maker] Valeant Pharmaceuticals International ... would buy patents for unique, lifesaving drugs, hike their prices and then watch the profits roll in. In the wake of the Valeant pricing scandal ... congressional and media investigations have revealed that the embattled company’s business model is hardly unique. In a memo from Oct. 16, 2015 ... the global investment bank Canaccord Genuity wrote that the price increases were not out of the ordinary. In a report from the same day, BMO Capital Markets reiterated that Valeant’s tactics were a “common industry practice” and that “at least 14 different pharmaceutical companies, excluding Valeant,” had made similar price hikes in recent years. The drug industry boasts some of the biggest profits of any industry. Wall Street investors have swooned over the sector. From 2012 to the middle of 2015, more than $50 billion in new capital poured into the industry. That influx of cash shifted the character of the industry. Instead of focusing on time-consuming R&D, drug companies began worrying more about delivering short-term gains to shareholders. For 20 of the biggest drug companies, 80% of shareholder earnings in 2014 were the result of price hikes. [The] industry ... spends more on lobbying than any other industry in the country.

Note: For more along these lines, see concise summaries of deeply revealing big Pharma profiteering news articles from reliable major media sources.

Important Note: Explore our full index to revealing excerpts of key 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.