Corporate Corruption News Articles

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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.

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According to the Reuters Institute for the Study of Journalism, more than 75 percent of America's leading newspapers, magazines, and journals are behind online paywalls. And how do American news consumers react to that? Almost 80 percent of Americans steer around those paywalls and seek out a free option. Paywalls create a two-tiered system: credible, fact-based information for people who are willing to pay for it, and murkier, less-reliable information for everyone else. Simply put, paywalls get in the way of informing the public, which is the mission of journalism. And they get in the way of the public being informed, which is the foundation of democracy. It is a terrible time for the press to be failing at reaching people, during an election in which democracy is on the line. There's a simple, temporary solution: Publications should suspend their paywalls for all 2024 election coverage and all information that is beneficial to voters. Democracy does not die in darkness–it dies behind paywalls. Less than a third of Americans in a recent Gallup poll say they have "a fair amount" or a "a great deal" of trust that the news is fair and accurate. Part of the problem ... is that the platform companies, which are the largest distributors of free news, have deprioritized news. Meta has long had an uncomfortable relationship with news on Facebook. In the past year ... Meta has changed its algorithm in a way that has cost some news outlets 30 to 40 percent of their traffic.

Note: It's ironic that this story is behind a paywall. Read the complete article here using Textise, an excellent tool that converts most webpages into text-only versions. For a powerful reflection on the rise of paywalls and online ads in news outlets, read this Substack piece written by our news editor Mark Bailey. For more along these lines, see concise summaries of deeply revealing news articles on media corruption from reliable sources.

Forever chemicals, also known as per- and polyfluoroalkyl substances (PFAS), are a pervasive group of compounds that have been linked to a number of cancers and other illnesses. The toxic substances have become widespread in the air, soil and water via industrial discharge and are found in a number of common household items, from cookware to dental floss to stain-resistant furniture. And many of the products in which they have been detected – including waterproof makeup, workout leggings and period products – are primarily marketed toward women. In May 2022, a team of researchers at the Massachusetts-based Silent Spring Institute published a study ... looking at the presence of PFAS in underwear and several other consumer items. Among those products was menstrual underwear. Research released in August ... also found indicators of PFAS in some period products, including wrappers for several pads and some tampons and outer layers of menstrual underwear. A 2021 study ... tested 231 makeup products and found that 63 percent of the foundations, 58 percent of the eye products, 55 percent of the lip products and 47 percent of the mascaras it looked at contained high levels of fluorine. The Environmental Working Group has identified 300 cosmetic products from 50 different popular brands that contain PFAS in its Skin Deep database. The advocacy organization found that 200 of these products contain PTFE, which is also used in Teflon pans.

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

The disastrous situation at the US-Mexico border is, and has been, intentionally produced. Illegal crossings have risen to unprecedented levels. There is a bipartisan consensus about what must be done. Tellingly, the same "solution" is also being quietly rolled out at all American ports of entry that are not currently being "overrun", such as airports. That solution, of course, is biometric surveillance, enabled by AI, facial recognition/biometrics and autonomous devices. This "solution" is not just being implemented throughout the United States as an alleged means of thwarting migrants, it is also being rapidly implemented throughout the world in apparent lockstep. Global policy agendas, ratified by nearly every country in the world ... seek both to restrict the extent of people's freedom of movement and to surveil people's movements ... through the global implementation of digital identity. The defense tech firm Anduril ... is one of the main beneficiaries of government contracts to build autonomous surveillance towers along the US-Mexico border, which are now also being rolled out along the US-Canada border. Anduril will create "a digital wall that is not a barrier so much as a web of all-seeing eyes, with intelligence to know what it sees." While Anduril is one of the main companies building the "virtual wall," they are not alone. General Dynamics, a defense firm deeply connected to organized crime, espionage scandals and corruption, has developed several hundred remote video surveillance systems (RVSS) towers for CBP while Google, another Big Tech firm with CIA connections, has been tapped by CBP to have its AI used in conjunction with Anduril's towers, which also utilize Anduril's own AI operating system known as Lattice.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the disappearance of privacy from reliable major media sources.

Axon, maker of Tasers and police body cameras, has acquired a surveillance company that allows police to tap into camera networks in schools, retail stores, and other locations in cities and towns across America and apply AI technology to the footage. Axon acquired Fusus for an undisclosed sum. Fusus operates what it calls "real time crime centers (RTCC)" which allow police and other public agencies to analyze a wide array of video sources at a single point and apply AI that detects objects and people. These centers are reminiscent of the Department of Homeland Security's Fusion Centers–where intelligence from a diverse number of sources is collected and shared among agencies–and have already expanded to over 250 cities and counties. Last week, Axon announced a new line of cameras called Axon Body Workforce designed to be worn by workers in retail and in healthcare. Despite pushing the cameras as deterrents, data shows no evidence that they've been effective in reducing police violence or increasing transparency. The rise of Fusus is concerning to rights groups like the Electronic Frontier Foundation, which has raised alarm over the expansion of law enforcement's ability to easily surveil Americans. Notably, the concept behind Fusus' solution is similar to technology that has been deployed in South Africa for years, and which experts have said exacerbates inequality in the country.

Note: Axon has ties to paid experts who are used to exonerate police after deaths in custody. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy from reliable major media sources.

Mental health apps have become increasingly common over the past few years, particularly due to the rise in telehealth during the coronavirus pandemic. However, there's a problem: Data privacy is being compromised in the process. In 2023 the Federal Trade Commission ordered the mental health platform BetterHelp, which is owned by Teladoc (TDOC), to pay a $7.8 million fine to consumers for sharing their mental health data for advertising purposes with Facebook (META) and Snapchat (SNAP) after previously promising to keep the information private. Cerebral, a telehealth startup, admitted last year to exposing sensitive patient information to companies like Google (GOOG, GOOGL), Meta, TikTok, and other third-party advertisers. This info included patient names, birth dates, insurance information, and the patient's responses to mental health self-evaluations through the app. Overall, according to the Mozilla Foundation's Privacy Not Included online buyer's guide, only two out of the 27 mental health apps available to users met Mozilla's privacy and security standards in 2023. A December 2022 study of 578 mental health apps published in the Journal of the American Medical Association found that 44% shared data they collected with third parties. A February 2023 report from Duke University found that out of 37 different data brokers that researchers contacted ... firms "were ultimately willing and able to sell the requested mental health data."

Note: For more along these lines, see concise summaries of deeply revealing news articles on health and the disappearance of privacy from reliable major media sources.

Poison control centers across the US say they are seeing a steep increase in calls related to semaglutide, an injected medication used for diabetes and weight loss, with some people reporting symptoms related to accidental overdoses. Some have even needed to be hospitalized for severe nausea, vomiting and stomach pain, but their cases seem to have resolved after they were given intravenous fluids and medications to control nausea. From January through November, the America's Poison Centers reports nearly 3,000 calls involving semaglutide, an increase of more than 15-fold since 2019. In 94% of calls, this medication was the only substance reported. In most of the calls, people reported dosing errors, said Dr. Kait Brown, clinical managing director of the association. "Oftentimes, it's a person who maybe accidentally took a double dose or took the wrong dose," Brown said. Semaglutide was approved by the US Food and Drug Administration in 2017. It is sold as Ozempic when used for diabetes and Wegovy when used for weight loss. Even when used as directed by a doctor, people can have stomach and bowel side effects, including nausea, vomiting and constipation, especially when they start the drugs. After celebrities began openly embracing Ozempic on social media in 2022 as a way to lose weight, demand overwhelmed supply. There's no specific antidote for a semaglutide overdose.

Note: The money behind the makers of weight-loss drugs is staggering, with the economic value of Wegovy's Novo Nordisk soaring to over $420 billionexceeding the entire GDP of Denmark, its home country. Read more on the significant adverse effects associated with these drugs. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

New Yorkers may have noticed an unwelcome guest hovering round their parties. In the lead-up to Labour Day weekend the New York Police Department (NYPD) said that it would use drones to look into complaints about festivities, including back-yard gatherings. Snooping police drones are an increasingly common sight in America. According to a recent survey by researchers at the Northwestern Pritzker School of Law, about a quarter of police forces now use them. Among the NYPD's suppliers is Skydio, a Silicon Valley firm that uses artificial intelligence (AI) to make drones easy to fly. The NYPD is also buying from BRINC, another startup, which makes flying machines equipped with night-vision cameras that can smash through windows. Facial-recognition software is now used more widely across America, too, with around a tenth of police forces having access to the technology. A report released in September by America's Government Accountability Office found that six federal law-enforcement agencies, including the FBI and the Secret Service, were together executing an average of 69 facial-recognition searches every day. Among the top vendors listed was Clearview AI. Surveillance capabilities may soon be further fortified by generative AI, of the type that powers ChatGPT, thanks to its ability to work with "unstructured" data such as images and video footage. The technology will let users "search the Earth for objects", much as Google lets users search the internet.

Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption and the disappearance of privacy from reliable major media sources.

The Washington Post has published at least four long articles dismissing the censorship revealed by the Twitter Files and Missouri v. Biden lawsuit, which is headed to the Supreme Court. By contrast, in its story on the censorship of pro-Palestinian voices, the Washington Post expresses great skepticism of Big Tech and sympathy for the people censored – the exact opposite of how it treated the issue when it was non-Leftists who were being censored. To be sure, there has been a concerning increase in demands for censorship and blacklisting since the October 7 Hamas attacks. New York University appears to be investigating a student who said, "Israel bears full responsibility for this tremendous loss of life." But the alarm that the news media are raising is in striking contrast to the indifference ... to the evidence of governmental and nongovernmental censorship of a variety of disfavored views and voices relating to climate change, Covid, Ukraine, and the Biden family's influence-peddling. Media outrage about censorship of pro-Palestinian voices sent social media platforms scrambling in order to end the censorship. The Washington Post's queries forced at least one social media company to stop censoring. "After The Washington Post sent questions to TikTok about the video, the sound was restored." A Meta spokesperson said a "bug" had caused some of the trouble. "We fixed a problem that briefly caused inappropriate Arabic translations in some of our products," the statement said.

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

There's a lot of money in AI. Economists are predicting a massive boom in productivity as AI use takes off, buoyed by empirical research showing tools like ChatGPT boost worker output. Demis Hassabis, the founder of DeepMind, sold his company to Google in 2014 only after the latter agreed to an independent ethics board that would govern how Google uses DeepMind's research. ChatGPT maker OpenAI is structured as a nonprofit that owns a for-profit arm. Anthropic, which makes the chatbot Claude, is divesting control over a majority of its board to a trust composed not of shareholders, but independent trustees meant to enforce a focus on safety ahead of profits. Those three companies, plus Microsoft, got together ... to start a new organization meant to self-regulate the AI industry. There are three broad ways the profits reaped by AI companies could make their way to a more general public. The first ... is taxes. The second, considerably less important, is charity. The third is if the companies themselves decide to donate a large share of their profits. This was the key proposal of a landmark 2020 paper called "The Windfall Clause." The idea is simple: The clause is a voluntary but binding commitment that AI firms could make to donate a set percentage of their profits in excess of a certain threshold to a charitable entity. They suggest the thresholds be based on profits as a share of the gross world product (the entire world's economic output).

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

On Monday, the House Judiciary Committee released a report on how the Cybersecurity and Infrastructure Security Agency (CISA) "colluded with Big Tech and 'disinformation' partners to censor Americans." The 36-page report raises three familiar issues: first, government actors worked with third parties to overturn the First Amendment; second, censors prioritized political narratives over truthfulness; and third, an unaccountable bureaucracy hijacked American society. The House Report reveals that CISA, a branch of the U.S. Department of Homeland Security, worked with social media platforms to censor posts it considered dis-, mis- or malinformation. Brian Scully, the head of CISA's censorship team, conceded that this process, known as "switchboarding," would "trigger content moderation." Additionally, CISA funded the nonprofit EI-ISAC in 2020 to bolster its censorship operations. In launching the nonprofit, the government boasted that it "leverage[d] DHS CISA's relationship with social media organizations to ensure priority treatment of misinformation reports." The switchboard programs directly contradict sworn testimony from CISA Director Jen Easterly. The report outlines how CISA censored "malinformation – truthful information that, according to the government, may carry the potential to mislead." Dr. Kate Starbird, a member of CISA's "Misinformation & Disinformation" subcommittee, lamented that many Americans seem to "accept malinformation as 'speech' and within democratic norms."

Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and media manipulation from reliable sources.

Nicholas England, a healthy 22-year-old from Virginia, shot himself in the head in 2017, less than two weeks after he started taking an allergy medicine that had been linked for years to episodes of depression and suicidal thinking. His parents soon started exploring a lawsuit against Merck, the developer of the blockbuster asthma and allergy drug, Singulair. Nicholas had no history of mental-health problems, they said. The Englands were shocked to learn from legal advisers that they had no case. Like countless other potential plaintiffs, they had run into one of Corporate America's most effective liability shields: the legal doctrine of preemption, the principle that federal law supersedes state law. Armed with U.S. Supreme Court rulings on preemption starting in the 1990s, companies increasingly argue that federally regulated products or services should be immune from lawsuits alleging state-law violations. State laws historically have provided the legal basis for some of the most common lawsuits against U.S. companies alleging injuries, deaths or illnesses caused by negligence or defective products. Pending lawsuits against Merck allege that the company's own early research indicated the drug could impact the brain but that Merck downplayed any risks in statements to regulators. It wasn't until 2020 that the FDA slapped its most serious warning, called a "black box," on the drug's label. By that time, the FDA had received more than 80 reports of suicides in people taking the medicine.

Note: Read more about Singulair and its dangers to human health, along with the tremendous financial conflicts of interests resulting in the FDA protecting the pharmaceutical industry first, and the health of the people second. For more along these lines, see concise summaries of deeply revealing news articles on pharmaceutical industry corruption from reliable major media sources.

In 1953, a paper developed for cigarette maker RJ Reynolds detailed possible cancer-causing agents in tobacco, but the document would remain hidden from public view for decades. In the interim, the industry told the public: "We don't accept the idea that there are harmful agents in tobacco." The chemical industry, it seemed, took note. Just a few years later, DuPont scientists found PFAS enlarged lab rats' livers and likely caused birth defects in workers. Still, the company told its employees the cancer-linked compounds are "about as toxic as table salt". Like the tobacco industry before it, the chemical industry managed to keep PFAS's health risks hidden from the public for decades. A new peer-reviewed study dissecting PFAS producers' public relations strategies provides a smoking gun timeline composed of industry studies and comments from DuPont and 3M officials showing they knew the dangers, but publicly insisted the chemicals were safe. Between 1961 and 2006, the authors identified dozens of instances where DuPont or 3M scientists discovered or acknowledged PFAS toxicity internally, but did not publish the findings or report them to the EPA, as required under federal law. DuPont's chief toxicologist in 1961 found rats' livers enlarged at very low doses of exposure, a health impact recognized as "the most sensitive sign of toxicity." The report recommended PFAS be handled "with extreme care" and that "contact with the skin should be strictly avoided."

Note: These chemicals have contaminated 41 percent of US tap water. For more along these lines, see concise summaries of deeply revealing news articles on corruption in science and in the corporate world from reliable major media sources.

An industrial estate in Yorkshire is an unlikely location for ... an artificial intelligence (AI) company used by the Government to monitor people's posts on social media. Logically has been paid more than Ł1.2 million of taxpayers' money to analyse what the Government terms "disinformation" – false information deliberately seeded online – and "misinformation", which is false information that has been spread inadvertently. It does this by "ingesting" material from more than hundreds of thousands of media sources and "all public posts on major social media platforms", using AI to identify those that are potentially problematic. It has a Ł1.2 million deal with the Department for Culture, Media and Sport (DCMS), as well as another worth up to Ł1.4 million with the Department of Health and Social Care to monitor threats to high-profile individuals within the vaccine service. It also has a "partnership" with Facebook, which appears to grant Logically's fact-checkers huge influence over the content other people see. A joint press release issued in July 2021 suggests that Facebook will limit the reach of certain posts if Logically says they are untrue. "When Logically rates a piece of content as false, Facebook will significantly reduce its distribution so that fewer people see it, apply a warning label to let people know that the content has been rated false, and notify people who try to share it," states the press release.

Note: Read more about how NewsGuard, a for-profit company, works closely with government agencies and major corporate advertisers to suppress dissenting views online. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and media manipulation from reliable sources.

Few people think of the FCC as an environmental cop. It's known for regulating television and radio and overseeing the deployment of communications technology. But the agency also has a broad mandate to ensure that technology doesn't damage the environment. This role is particularly critical now, as the FCC presides over a nationwide buildout for 5G service, which will require 800,000 new "small cell" transmitters, those perched on street poles and rooftops, often near schools, apartments and homes. But even with this massive effort underway, as ProPublica previously reported, the FCC has refused to revise its radiation-exposure limits, which date back to the era of flip phones. In addition, the agency has cut back on the environmental reviews that it requires while also restricting local governments' control over wireless sites. The agency operates on the honor system, delegating much of its responsibility to the industries that it regulates. It allows companies to decide for themselves whether their projects require environmental study. And if the companies break the rules, they're expected to report their own transgression. Few do. In the rare instances in which the FCC investigates, even brazen illegality is often met with a minor fine, a scolding "admonishment" or no action at all. Just 10% of FCC enforcement cases between 2014 and 2016 resulted in a monetary penalty, while 40% ended with a warning and the rest resulted in no action.

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

The US Environmental Protection Agency has in effect ignored a 2020 federal court order prohibiting the use of Monsanto and other producers' toxic dicamba-based herbicides that are destroying millions of acres of cropland, harming endangered species and increasing cancer risks for farmers, new fillings in the lawsuit charge. Instead of permanently yanking the products from the market after the 2020 order, the EPA only required industry to add further application instructions to the herbicides' labels before reapproving the products. A late 2021 EPA investigation found the same problems persist even with new directions added to the label, but the agency still allows Monsanto, BASF and other producers to continue using dicamba. The EPA's pesticide office is included in allegations that career managers are influenced by or have colluded with industry, and in some cases falsified science to make dangerous substances appear less toxic. About one-third of the pesticide office's funding comes from industry fees. The agency in 2016 approved the dicamba-based herbicide developed by Monsanto, which was to be used on genetically modified soybean and cotton crops. The herbicide can damage or kill neighboring crops and plants that are not engineered to be dicamba-resistant. The results are "devastating" and destroying millions of acres as "as never before seen in the history of US agriculture", the plaintiffs said. In some cases, direct dicamba exposure can kill insects, mammals and other animals.

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

The U.S. has not engaged in a defensive war for nearly 80 years, instead destabilizing governments worldwide in Vietnam, the Korean Peninsula, Iraq, Afghanistan, throughout Africa and across Latin America. Although all weapons of mass destruction in space are technically prohibited by the 1967 Outer Space Treaty, it isn't without precedent for major military powers to withdraw from such treaties. In 2019, President Donald Trump diverged from President Barack Obama's promise he would "not weaponize space," and created an official Space Force. Countersurveillance and counter-communications have been central goals of U.S. military space operations since the 1990s, alongside attaining U.S. "full spectrum dominance" of all potential conflict sites – including space. Space infrastructure ... increases the risk of global nuclear war by presenting new opportunities for armament and hostility. The government's ability to militarize this technology is strongly related to investment and development in the private sector through companies such as Boeing, SpaceX and Blue Origin. The commercial arm of the military-industrial complex is extending into space. Along with Blue Origin, SpaceX has collaborated with DOD in developing rapid global military cargo delivery systems, which the DOD hopes will make for global military logistics – delivery of supplies, weapons and even human soldiers anywhere on earth – in under 60 minutes.

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

A study published Monday ... outlines how expansive the market for people's health data has become. After contacting data brokers to ask what kinds of mental health information she could buy, researcher Joanne Kim reported that she ultimately found 11 companies willing to sell bundles of data that included information on what antidepressants people were taking, whether they struggled with insomnia or attention issues, and details on other medical ailments, including Alzheimer's disease or bladder-control difficulties. Some of the data was offered in an aggregate form that would have allowed a buyer to know, for instance, a rough estimate of how many people in an individual Zip code might be depressed. But other brokers offered personally identifiable data featuring names, addresses and incomes, with one data-broker sales representative pointing to lists named "Anxiety Sufferers" and "Consumers With Clinical Depression in the United States." Some even offered a sample spreadsheet. The Health Insurance Portability and Accountability Act, known as HIPAA, restricts how hospitals, doctors' offices and other "covered health entities" share Americans' health data. But the law doesn't protect the same information when it's sent anywhere else, allowing app makers and other companies to legally share or sell the data. Some of the data brokers offered ... opt-out forms. But ... many people probably didn't realize the brokers had collected their information in the first place. Privacy advocates have for years warned about the unregulated data trade, saying the information could be exploited by advertisers or misused for predatory means. The health-data issue has in some ways gotten worse, in large part because of the increasing sophistication with which companies can collect and share people's personal information – including not just in defined lists, but through regularly updated search tools and machine-learning analyses.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy from reliable major media sources.

In the 1960s, 15-year-old Olivia Hussey and 16-year-old Leonard Whiting secured career-making roles in a film that retells the iconic love story of "Romeo and Juliet," the first film to use actors that were similar in age to the characters in the play. They were legally children when they were filmed in the nude together; the performance can now be found on sites meant for pornography. Fifty-five years later, Hussey, now 71, and Whiting, now 72, are suing Paramount Pictures for child abuse. They claim that "Romeo and Juliet" director Franco Zefirelli assured the actors that they would be wearing flesh colored garments and would not be physically nude in the scene. This allegedly changed in the last days of filming when Zefirelli asked the actors to do the scene fully nude with makeup, according to the lawsuit. [Judy] Garland was forced to take barbiturates and other drugs and live on a death-defying diet while working with the studio. Garland wrote in an unpublished autobiography that she was constantly molested behind the scenes by older men, including Louis B. Mayer, the producer and cofounder of MGM. Alyson Stoner was made to act out a rape scene when she was only 6 years old. "At 6 years old, I enter a sterile white room where a stranger stands apathetically behind a camcorder on a tripod. On cue, I perform the scene. This morning, I'm being kidnapped and raped," Stoner wrote. She developed eating disorders – among other health problems – due to stress.

Note: Read more about the disturbing history of child sex abuse in Hollywood from the courageous voices of actor Corey Feldman and Lord of the Rings star Elijah Wood. Explore our archive of revealing reports from reliable media sources on high-level pedophilia and sexual abuse.

The government of the U.S. Virgin Islands alleges in a lawsuit filed this week that JPMorgan Chase "turned a blind eye" to evidence that disgraced financier Jeffrey Epstein used the bank to facilitate sex-trafficking activities on Little St. James, the private island he owned in the territory until his 2019 suicide. In a more than 100-page complaint filed by U.S.V.I. Attorney General Denise George in the Southern District of New York in Manhattan on Tuesday, the territory alleges that JPMorgan failed to report Epstein's suspicious activities and provided the financier with services reserved for high-wealth clients after his 2008 conviction for soliciting a minor for prostitution in Palm Beach, Fla. The complaint says the territory's Department of Justice investigation "revealed that JP Morgan knowingly, negligently, and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise." It accused the bank of ignoring evidence for "more than a decade because of Epstein's own financial footprint, and because of the deals and clients that Epstein brought and promised to bring to the bank." "These decisions were advocated and approved at the senior levels of JP Morgan," it said. The bank allegedly "facilitated and concealed wire and cash transactions that raised suspicion of – and were in fact part of – a criminal enterprise whose currency was the sexual servitude of dozens of women and girls," according to the complaint.

Note: Just days after filing the lawsuit against JP Morgan Chase, the district attorney of US Virgin Islands was fired. For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein's sex trafficking ring from reliable major media sources.

Federal regulators fined Wells Fargo a record $1.7 billion on Tuesday for "widespread mismanagement" over multiple years that harmed over 16 million consumer accounts. Wells Fargo's "illegal activity" included repeatedly misapplying loan payments, wrongfully foreclosing on homes, illegally repossessing vehicles, incorrectly assessing fees and interest and charging surprise overdraft fees. The CFPB ordered Wells Fargo to pay the $1.7 billion civil penalty in addition to more than $2 billion to compensate consumers for a range of "illegal activity." CFPB officials say this is the largest penalty imposed by the agency. The misconduct described by the CFPB echoes previously reported revelations that have emerged about Wells Fargo since 2016 when the bank's fake-accounts scandal created a national firestorm. "Wells Fargo's rinse-repeat cycle of violating the law has harmed millions of American families," Rohit Chopra, the CFPB's director, said in a statement. Chopra noted that the settlement does not provide immunity for individuals at Wells Fargo, and the agency recognizes the $3.7 billion in fines and restitution will not fix the bank's problems. Although Chopra credited Wells Fargo with making some progress, he said it's not clear "they are making rapid enough progress" and said the agency is concerned that the bank's product launches, growth initiatives and profit-boosting efforts have "delayed needed reform."

Note: In 2016, Wells Fargo was caught opening millions of fake accounts in its customers' names. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption from reliable major media sources.

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