Corporate Corruption News Articles

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The pharma firms behind blockbuster weight loss drugs could face up to 10,000 lawsuits from patients who claim the drugs caused debilitating side effects like stomach paralysis and 'tearing holes' in the food pipe. Ozempic and sister shots like Wegovy and Mounjaro have recently come under fire over claims that the injections cause a roster of complications patients were allegedly not warned about. One woman told DailyMail.com that she suffered life-threatening stomach paralysis after taking Mounjaro, and has now joined a massive lawsuit against its maker Eli Lilly and Ozempic manufacturer Novo Nordisk. She claims she may never eat a solid meal again. Another said Ozempic caused so much internal damage she had to have her gallbladder removed, while another said the drug induced such violent vomiting it tore a hole in her esophagus. Now, Robert Peirce & Associates, a law firm based in Pittsburgh, estimates that the number of plaintiffs could explode to as many as 10,000. In addition to lawsuits, some patients have also claimed the drugs caused suicidal thoughts, psychosis, and appearance issues like deflated breasts. 'Unfortunately, the manufacturers of Ozempic and other GLP-1 agonists failed to adequately warn of the associated risks,' the Robert Peirce & Associates team wrote. Attorney Ken Moll ... said it was 'unconscionable' that the firms still hadn't added warnings to their labels which warn about the risk of gastroparesis and stomach paralysis.

Note: It is now estimated that 1 in 8 adults in the US have taken Ozempic or another weight-loss drug. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

Researchers have discovered bottled water sold in stores can contain 10 to 100 times more bits of plastic than previously estimated – nanoparticles so infinitesimally tiny they cannot be seen under a microscope. At 1,000th the average width of a human hair, nanoplastics are so teeny they can migrate through the tissues of the digestive tract or lungs into the bloodstream, distributing potentially harmful synthetic chemicals throughout the body and into cells. One liter of water – the equivalent of two standard-size bottled waters – contained an average of 240,000 plastic particles from seven types of plastics, of which 90% were identified as nanoplastics and the rest were microplastics. Microplastics are polymer fragments that can range from less than 0.2 inch (5 millimeters) down to 1/25,000th of an inch (1 micrometer). Anything smaller is a nanoplastic that must be measured in billionths of a meter. The new finding reinforces long-held expert advice to drink tap water from glass or stainless steel containers to reduce exposure. In the new study, published ... in the journal Proceedings of the National Academy of Sciences, researchers from Columbia University presented a new technology that can see, count and analyze the chemical structure of nanoparticles in bottled water. Nanoplastics ... can invade individual cells and tissues in major organs, potentially interrupting cellular processes and depositing endocrine-disrupting chemicals.

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

The United Nations has warned that there was "clear evidence" that war crimes may have been committed in "the explosion of violence in Israel and Gaza". Meanwhile, Wall Street is hoping for an explosion in profits. During third-quarter earnings calls this month, analysts from Morgan Stanley and TD Bank took note of this potential profit-making escalation in conflict and asked unusually blunt questions about the financial benefit of the war between Israel and Hamas. TD Cowen's Cai von Rumohr, managing director and senior research analyst specializing in the aerospace industry, [asked] about the upside for General Dynamics, an aerospace and weapons company in which TD Asset Management holds over $16m in stock. The aerospace and weapons sector ... enjoyed a 7-percentage point jump in value in the immediate aftermath of Hamas's 7 October attack on Israel and the beginning of Israel's bombardment of Gaza. "Hamas has created additional demand, we have this $106bn request from the president," said Von Rumohr, during General Dynamics' earnings call on 25 October. "Can you give us some general color in terms of areas where you think you could see incremental acceleration in demand?" Aside from the callousness of casually discussing the financial benefits of far-off armed conflict, the comments raise questions about whether these major institutional shareholders of weapons stocks are abiding by their own human rights policies.

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

A recent court ruling in Colorado highlighted how Google's tracking of our locations and web searches helps police find suspects when they have few leads – but it's also sweeping innocent people into investigations. Google says it has procedures to "protect the privacy of our users while supporting the important work of law enforcement." But defense attorneys and civil liberties advocates say that Google is a gold mine for novel police methods that they call unconstitutional fishing expeditions. Even if you believe you have nothing to hide from law enforcement, relentless digital tracking of Americans risks our information falling into criminals' hands, too. Law enforcement officials say that Google's data on people's locations and search histories helps solve crimes, including in the 2021 Capitol riot. In initial court-ordered warrants to Google, the company typically gives police information that isn't connected to people's identity. Only after they single out potentially suspicious data do the police go back for individually identifiable information. But defense lawyers and privacy advocates say the two types of broad warrants to Google turn normal police work upside down and threaten Americans' rights. In a typical search warrant, police have a suspect in mind and ask for a judge's approval to search their home, phone data and other potential evidence. In the large-scale search term and location warrants, police know a crime occurred but don't know who might have committed it.

Note: Explore news articles we've summarized on the troubling nature of the use of location tracking by governments and corporations. 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.

As war in Ukraine continues, controversial defense contractors and adjacent companies like Palantir, Anduril, and Clearview AI are taking advantage to develop and level-up controversial AI-driven weapons systems and surveillance technologies. These organizations' common link? The support of the controversial, yet ever-more powerful Silicon Valley billionaire Peter Thiel. Thiel-backed groups' involvement in war serves to develop not only problematic and unpredictable weapons technologies and systems, but also apparently to advance and further interconnect a larger surveillance apparatus formed by Thiel and his elite allies' collective efforts across the public and private sectors, which arguably amount to the entrenchment of a growing technocratic panopticon aimed at capturing public and private life. What's more, Thiel's funding efforts signal interest in developing expansive surveillance technologies, especially in the name of combatting "pre-crime" through "predictive policing" style surveillance. As an example, Thiel's provided significant funds to Israeli intelligence-linked startup Carbyne911 (as did Jeffrey Epstein), which develops call-handling and call-identification capacities for emergency services, and has ... a predictive-policing component. Thiel also assisted in the development and subsequent privatized spinoffs of the US Government's Defense Advanced Research Projects Agency's (DARPA) Total Information Awareness project.

Note: Peter Thiel was also recently reported to be an FBI informant. 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.

Louis Milione retired from the DEA a second time this summer amid reporting by The Associated Press on potential conflicts caused by his prior consulting for the pharmaceutical industry. Less than three months later, Milione again landed a plum job at Guidepost Solutions, a New York-based firm hired by some of the same companies he had been tasked with regulating when he returned to the DEA in 2021. Milione had spent four years at Guidepost prior to his return, leveraging his extensive experience and contacts from a 21-year DEA career. Milione is the most senior of a slew of DEA officials to have traded their badge and gun for a globe-trotting consulting job. His career stands out for two cycles through the revolving door between government and industry, raising questions about the potential impact on the DEA's mission to police drug companies blamed for tens of thousands of American overdose deaths. Milione's private-sector clientele also included Morris & Dickson Co., the nation's fourth-largest wholesale drug distributor, as it tried to stave off DEA sanctions for disregarding thousands of suspicious, high-volume orders. The DEA allowed the company to continue shipping drugs for nearly four years after a judge recommended its license be revoked for "cavalier disregard" of rules aimed at preventing opioid abuse. It was not until AP began asking questions this spring that the DEA moved to finally strip the Shreveport, Louisiana-based company of its license to distribute highly addictive painkillers.

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

The US Environmental Protection Agency (EPA) office responsible for protecting the public from toxic substances has changed how it defines PFAS for a second time since 2021, a move critics say they fear will exclude thousands of "forever chemicals" from regulation and largely benefit industry. Instead of using a clear definition of what constitutes a PFAS, the agency's Office of Pollution Prevention and Toxics plans to take a "case-by-case" approach that allows it to be more flexible in determining which chemicals should be subjected to regulations. Among other uses for the compounds, the EPA appears to be excluding some chemicals in pharmaceuticals and pesticides that are generally defined as PFAS, current and former EPA officials say, and the shift comes amid fierce industry opposition to proposed limits on the chemicals. PFAS, or per- and polyfluoroalkyl substances, are a class of about 15,000 compounds most frequently used to make products water-, stain- and grease-resistant. They have been linked to cancer, birth defects, decreased immunity, high cholesterol, kidney disease and a range of other serious health problems. They are dubbed "forever chemicals" because they do not naturally break down in the environment. Speaking on condition of anonymity for fear of reprisal, a current EPA employee in the toxics office said the chemical's definition has been evolving for several years. "EPA can't get its act together on what PFAS are," they added.

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 government corruption and health from reliable major media sources.

When the chemical giant 3M agreed in early June to pay up to $12.5bn to settle a lawsuit over PFAS contamination in water systems across the nation, it was hailed by attorneys as "the largest drinking water settlement in American history", and viewed as a significant win for the public in the battle against toxic "forever chemicals". A second June settlement with the PFAS manufacturers DuPont, Chemours and Corteva tallied a hefty $1.1bn. But while the sums are impressive on their face, they represent just a fraction of the estimated $400bn some estimate will be needed to clean and protect the nation's drinking water. Orange county, California, alone put the cost of cleaning its system at $1bn. Because PFAS are so widely used and the scale of their harm is so great ... the industry's final bill could exceed the $200bn paid by big tobacco in the 1990s. PFAS are a class of about 15,000 compounds used to make products across dozens of industries resistant to water, stains and heat. They are called "forever chemicals" because they do not naturally break down, and are linked to cancer, kidney disease, liver conditions, immune disorders, birth defects and other health problems. The chemicals are thought to be contaminating drinking water for over 200 million Americans. Tens of thousands of contaminated private wells are not included in the settlement. The chemicals are also widely used in thousands of consumer products from dental floss to cookware to clothing, and have been found to contaminate food, soil and air.

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

In 1998, Jeffrey Epstein purchased Little Saint James in the US Virgin Islands and began trafficking girls as young as 14 into "sexual servitude" at the secluded island. The same year, he opened his first account with JPMorgan Chase, the start of a lucrative partnership for the Wall Street giant that would continue for years after the late financier had been "red flagged" by the bank as a child sex offender. To keep his illicit sex-trafficking scheme running, Epstein needed access to large amounts of cash to pay off recruiters and attempt to silence victims. JPMorgan is alleged to have "pulled the levers" through which Epstein paid his network of enablers, according to a lawsuit filed by the US Virgin Islands (USVI) Attorney General in a US court. The lawsuit claims that JPMorgan concealed wire and cash transactions that were part of a "criminal enterprise" whose currency was vulnerable and desperate women and girls, groomed and recruited over decades by Epstein and his chief lieutenant Ghislaine Maxwell. In separate lawsuits, several survivors of Epstein's abuse sued JPMorgan and Deutsche Bank accusing them of actively enabling his abuse. The sprawling US Virgin Islands legal action is still pending. It has already drawn in some of the world's wealthiest individuals including billionaire JPMorgan CEO Jamie Dimon, Tesla CEO and Twitter owner Elon Musk, Google's co-founders Larry Page and Sergey Brin, and Microsoft co-founder Bill Gates. All have denied any involvement in Epstein's offending.

Note: One Nation Under Blackmail is a new book by Whitney Webb, an investigative journalist who explores the deep ties between Jeffrey Epstein and US and Israeli Intelligence criminal networks. For more along these lines, see concise summaries of news articles on Jeffrey Epstein's child sex ring from reliable major media sources.

JPMorgan Chase & Co. had ties to Jeffrey Epstein that ran deeper than the bank has acknowledged and extended years beyond when it decided to close the convicted sex offender's accounts. Mary Erdoes, a top lieutenant to Chief Executive Jamie Dimon, made two trips to Epstein's townhouse on Manhattan's Upper East Side, in 2011 and 2013, when Epstein still was a client of the bank, said the people familiar with the matter. She exchanged dozens of emails with him and discussed sharing with him fees related to a charitable fund the bank was considering launching. John Duffy, who ran JPMorgan's U.S. private bank for the ultrarich, went to Epstein's townhouse for a meeting in April 2013, the people said. One month later, the private bank renewed an authorization allowing Epstein to borrow money against his accounts despite repeated warnings from compliance staffers about his unusual banking practices. Justin Nelson, one of Epstein's bankers at JPMorgan, had about a half-dozen meetings at Epstein's townhouse between 2014 and 2017. He also traveled to Epstein's ranch in New Mexico in 2016. Epstein was convicted of soliciting a minor for prostitution in 2008 and forced to register as a sex offender. The new details show that JPMorgan was treating Epstein like a star client after his first conviction and despite repeated warnings from its own employees. And after JPMorgan closed Epstein's accounts, bankers kept meeting with him for years.

Note: One Nation Under Blackmail is a new book by Whitney Webb, an investigative journalist who explores the deep ties between Jeffrey Epstein and US and Israeli Intelligence criminal networks. Epstein had many concerning associations, including with Noam Chomsky as reported in Webb's most recent article. For more along these lines, see concise summaries of deeply revealing news articles on banking corruption and Jeffrey Epstein's crime ring from reliable major media sources.

Bridge International Academies ... grew into a chain of schools providing a homogeneous curriculum developed by researchers in Cambridge, Massachusetts, to hundreds of thousands of students in Kenya, Uganda, Nigeria, Liberia, and India. Today, it is the largest for-profit primary education chain in the world. The company is financed today by some of the highest-profile do-good donors in the game – or rather, the for-profit arms of their networks. In March 2022, the World Bank's financing arm – the International Finance Corporation – quietly divested from NewGlobe, the parent company of Bridge International. A series of abuse and neglect allegations in Kenya ... had caught the eye of a Nairobi-based human rights group, the East African Centre for Human Rights, or EACHRights, as well as the internal watchdog at the World Bank, known as the Compliance Advisor Ombudsman, or CAO. "I find it deeply suspect that CAO uncovers explosive child sexual abuse allegations in the course of a compliance investigation and shortly thereafter, the World Bank president unexpectedly terminates the head of the CAO," said one well-placed civil society representative whose clients have complaints before the CAO. "Meanwhile, three years after the child sexual abuse allegations came to light, the CAO has still not produced an investigation report." It's very sad, because the CAO has always been the kind of beacon of accountability of any kind of institution, public or private. No more.

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

Caleb Kenyon, a defense attorney in Florida, saw a geofence warrant was when a new client received an alarming email from Google in January 2020. Police were requesting personal data from the client, Zachary McCoy, and Kenyon had just seven days to stop Google from turning it over, the email said. The geofence warrant included a map and GPS coordinates, and instructed Google to provide identifying information for every user whose device was found within the radius of that location at a certain date and time. "It was so bizarre that I just didn't even have a concept for what I was dealing with," he said. Kenyon is not alone. As tech firms build ever more sophisticated means of surveilling people and their devices – technology that law enforcement is eager to take advantage of – the legal community is scrambling to keep up. The National Association of Criminal Defense Lawyers (NACDL) ... recently created the Fourth Amendment Center, named for the constitutional right against unreasonable searches. The center is one of the few resources available for helping attorneys better understand how new technology is being used against their clients. It can be years before the defense community catches wind of the newest surveillance tools. Unlike other search warrants, geofence warrants don't require probable cause or a specific suspect in mind; they gather information on anyone within the vicinity of an alleged crime. Advocates argue this violates the fourth amendment.

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

Regenerative agriculture is an approach to farming that prioritises soil and environmental health by minimising synthetic inputs. [Farm manager Tim Parton] switched to using biologically active inputs after experiencing headaches and skin rashes from using pesticides. After sheep dipping, which involves immersing sheep in insecticide and pesticide mixtures to eliminate parasites, lumps would often show up on his arms. "I would be a mess, but if I went to the doctors, they would say 'you've just had a reaction' and would not take it seriously," he says. Since adopting a biological farming method, Parton has not experienced any negative health impacts. He has not had to use any phosphorus and potassium fertilisers on his crops for over 10 years. He says he has observed a big increase in insect and bird species since he stopped using pesticides. Pesticides may be responsible for the loss of smell in honeybees and salmon. Despite global regulations on pesticide use, one study estimates that about 385 million cases of unintentional, acute pesticide poisoning occur among farm workers each year. A 2020 study found that of the estimated 860 million agricultural workers worldwide, 44% are affected by pesticide poisoning annually. Acute health impacts can range from seizures to respiratory depression. Pesticide exposure has been associated with conditions such as attention deficit hyperactivity disorder (ADHD) and Parkinson's disease. Pesticide exposure has also been linked to sensory deterioration.

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

The Bill & Melinda Gates Foundation ... said last month it was "not right" for the charity to take on such a big role in funding the World Health Organization (WHO). Over the years, the billionaire philanthropists have become the WHO's second biggest donor, making the health agency heavily dependent on their support to keep functioning. Global health experts say that while this money is welcome, it gives the Gates an outsized influence and underscores the chronic funding problem WHO faces even as it contends with more and more health crises. The Bill & Melinda Gates Foundation alone is responsible for over 88 per cent of the total amount donated by philanthropic foundations to the WHO. Other contributors include the Bloomberg Family Foundation (3.5 per cent), the Wellcome Trust (1.1 per cent) and the Rockefeller Foundation (0.8 per cent). In 2018-2019, the United States was the largest donor at $893 million, accounting for around 15 per cent of WHO's budget. The Gates Foundation came only second, with $531 million. Most of these voluntary contributions are "specified" - meaning they are tied to a specific programme or health campaign in a specific part of the world and are given a detailed time frame during which to be spent. Polio eradication, for instance, has long been WHO's best-funded program, mainly because much of the Gates Foundation's contributions have been directed to that cause.

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

A war between China and Taiwan will be extremely good for business at America's Frontier Fund ... according to audio from a February 1 event. The remarks occurred at a tech finance symposium hosted at the Manhattan offices of Silicon Valley Bank. "If the China-Taiwan situation happens, some of our investments will 10x, like overnight," [a] person who identified as "Tom" said. "So I don't want to share the name, but the one example I gave was a critical component that ... the total market value is $200 million, but it is a critical component to a $50 billion market cap. That's like a choke point, right. And so if it's only produced in China, for example, and there's a kinetic event in the Pacific, that would 10x overnight, like no question about it. There's a couple of different things like that." AFF is surely not the only venture fund that would see stratospheric returns throughout their portfolio in the case of a destabilizing global crisis, like a "kinetic event in the Pacific" – that is to say, war. Gilman Louie, AFF's co-founder and current CEO, serves as chair of the National Intelligence University, advises Biden through his Intelligence Advisory Board, and was tapped for the State Department's Foreign Affairs Policy Board. Louie previously ran In-Q-Tel, the CIA's venture capital arm. In other words, AFF stands to massively profit from a geopolitical crisis while its CEO advises the Biden administration on geopolitical crises. AFF was founded last year with support from former Google CEO Eric Schmidt.

Note: While the detection of a Chinese spy balloon drums up significant fear and outrage over hostile foreign "threats," an incisive article reveals how US surveillance of foreign countries is quite common, including their recent expansion of military bases in Southeast Asia to monitor and surveil China. Furthermore, many independent journalists are questioning the war-fueling narrative that China is a threat to national security. Watch an insightful analysis uncovering the deeper story of what's behind the growing tensions between the US and China.

At the World Economic Forum in Davos, Switzerland this week, the public relations juggernaut Edelman will publish the latest edition of its "trust barometer", an annual survey that purports to measure whether people around the world trust businesses, governments, NGOs and the media. There's just one problem: even as Edelman promotes its brand and pursues clients with stern warnings about the importance of trust, critics charge the company appears reluctant to follow its own advice. The firm's clients have ranged from ExxonMobil to the Saudi government and members of the Sackler family, the former owners of the opioid manufacturer Purdue Pharma. Successful PR firms do more than simply promote and spin – they actually infuse the public discourse with their clients' perspectives. "These companies are trying not just to manage trust, but to make trust," [media studies professor Melissa] Aronczyk said. "And if they themselves are the owners of that survey, or barometer, or whatever it is, then, of course, they become the proprietors of that kind of value." Edelman's most effective case study might be the firm itself. It has managed to cultivate a reputation for trust even as its business model appears regularly to contradict its advice and its CEO's admonitions. Over the past four years Edelman has signed about $9.6m worth of deals with the government of Saudi Arabia and companies controlled by the regime, while simultaneously urging businesses to stand up for human rights.

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

In response to a 2017 request from the Pentagon, Twitter kept online a network of accounts that the U.S. military used to advance its interests in the Middle East, according to internal company emails that were made public on Tuesday by The Intercept, a nonprofit publication. A counterterrorism division at Twitter knew about the arrangement, but others did not, five people with knowledge of the matter said. The situation was unusual because Twitter normally removes and publicly discloses influence campaigns conducted by governments. The internal documents published by The Intercept were provided by Twitter under its new owner, Elon Musk. Mr. Musk has made an archive of documents available to select journalists to scrutinize the decisions of the company's previous leaders. The situation began in 2017 when an official working with U.S. Central Command requested that Twitter verify some of the military's accounts. The accounts had been flagged by a Twitter system used to automatically detect terrorist content and were not easy to find in searches. The Pentagon asked Twitter to "whitelist" the accounts, which would prevent the automatic tools from flagging them and make them more broadly visible on the platform. Twitter's counterterrorism team complied. While the company regularly disclosed other state-backed influence campaigns in transparency reports, executives ... feared they could violate national security laws by speaking publicly about the takedown of the campaign.

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

The Centers for Disease Control and Prevention (CDC) has been accused of bowing to drug industry pressure after releasing new guidelines that doctors say put lives at risk by rowing back on warnings about the dangers of opioid prescribing. The latest CDC guidelines have caused controversy after dropping specific limits on dosages and lengths of prescribing from a key summary of recommendations used by physicians. Dr Andrew Kolodny, president of Physicians for Responsible Opioid Prescribing, sees the drug industry's hand behind the change. Kolodny has testified against opioid makers in legal actions over their part in driving the opioid epidemic by pushing sales with false claims about their safety and effectiveness. They include Purdue Pharma, manufacturer of OxyContin, a powerful narcotic pill that kickstarted the US's opioid epidemic alongside the company's marketing strategy to see the drugs widely prescribed. Kolody said ... that the drug industry calculated how much the 2016 CDC guidelines would cost it if doctors followed the recommendations to limit prescribing of high dosage pills. "The highest dosage products have had the highest profit margin. It only costs a few extra pennies to make the higher dosage pill, but retail it's almost double what they get per pill or prescription. So the industry fought very hard to block the release of the 2016 guideline and when that failed they did everything they could to make the guidelines appear controversial. And that worked," he said.

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

Weeks before he was murdered, Victor Hugo Orcasita presented his wife with a letter describing his last wishes. Orcasita, a union leader, had been pushing for better conditions at his workplace, a mine in northern Colombia owned by a subsidiary of the Alabama-based coal company Drummond. Then the death threats started coming in. The miners’ union was convinced that Drummond was involved in the murders. To make the case that the company was complicit in the killings, the union turned to Terry Collingsworth, a lifelong human rights attorney. In March 2015, the case took a surprising turn. Drummond had returned fire in the legal fight with an unusual accusation. The company charged that Collingsworth – an advocate who recently brought a case before the U.S. Supreme Court – had led a "multifaceted criminal campaign" to extort Drummond into paying a costly settlement. This campaign, Drummond alleged, was in fact a racketeering conspiracy as defined by the Racketeer Influenced and Corrupt Organizations Act, better known as RICO. Drummond's charges represent a scorched-earth legal strategy in which corporations are turning the tables on attorneys and advocates who accuse them of wrongdoing. By shifting the spotlight to these attorneys’ conduct, corporations effectively sidestepped the original allegations against them. The true purpose ... is to send attorneys and activists a message: Going toe-to-toe with heavyweight corporations can lead to personal ruin.

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

Among the many surprising assets uncovered in the bankruptcy of the cryptocurrency exchange FTX is a relatively tiny one that could raise big concerns: a stake in one of the country's smallest banks. The bank, Farmington State Bank in Washington State, has a single branch and, until this year, just three employees. It did not offer online banking or even a credit card. The tiny bank's connection to the collapse of FTX is raising new questions about the exchange and its operations. The ties between FTX and Farmington State Bank began in March when Alameda Research, a small trading firm and sister to FTX, invested $11.5 million in the bank's parent company, FBH. At the time, Farmington was the nation's 26th-smallest bank out of 4,800. Its net worth was $5.7 million. FTX is a now bankrupt company that was one of the world's largest cryptocurrency exchanges. A judge allowed the law firm Sullivan & Cromwell to continue advising FTX on bankruptcy. It's unclear how FTX was allowed to buy a stake in a U.S.-licensed bank, which would need to be approved by federal regulators. Banking veterans say it's hard to believe that regulators would have knowingly allowed FTX to gain control of a U.S. bank. "The fact that an offshore hedge fund that was basically a crypto firm was buying a stake in a tiny bank for multiples of its stated book value should have raised massive red flags for the F.D.I.C., state regulators and the Federal Reserve," said Camden Fine, a bank industry consultant.

Note: An in-depth investigation by Whitney Webb and Ed Berger further unearths the mysterious connections between FTX and Farmington State Bank. Extending far beyond Sam Bankman-Fried and FTX, they make a case for a deeper criminal network at play, with troubling connections to this bank. Incidentally, the firm Sullivan & Cromwell has old connections with the CIA. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption 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.