Corporate Corruption News Articles

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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.

Google fought hard to be the default search engine on smartphones and browsers so it "can manipulate your choices," an expert on human behavior testified for the government at the closely watched antitrust trial. Antonio Rangel, a behavioral economist ... took the stand for the second day and said Google has leaned heavily on default settings to keep users hooked on its search engine and other lucrative services. The Justice Department is arguing ... that the Alphabet unit sought agreements with mobile carriers to win powerful default positions on smartphones to dominate search. The antitrust case – the largest of its kind in more than two decades – will ultimately hinge on whether Google is determined to have taken anticompetitive steps to cut off rivals while building its search behemoth. In testimony on Wednesday, Rangel questioned Google's argument that users could easily switch their default search engine, telling the court that he acquired an Android smartphone and found that it took 10 steps for the owner to switch Google for Microsoft's Bing. "That is considerable choice friction," Rangel said. Justice Department attorneys said Google paid "more than $10 billion per year" to major companies, including smartphone makers Apple and Samsung, browser operators like Mozilla and wireless providers such as AT&T, to secure a 91% share of the search market. The case's outcome won't be determined by a jury. Instead, US District Judge Amit Mehta will reach a determination on the outcome.

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

At the heart of America's political and cultural turmoil is a crisis of trust. In the space of a generation, the people's confidence in their leaders and their most important institutions to do the right thing has collapsed. The federal government, big business, the media, education, science and medicine, technology, religious institutions, law enforcement and others have seen a precipitous decline. Since 1979 Gallup has measured trust among the public in the most important American institutions. Its latest survey ... found that across the nine key institutions Gallup has tracked consistently, the proportion of Americans who said they had "a great deal or quite a lot of confidence" averaged out at 26%. That is the lowest figure ever recorded. Some institutions have forfeited more trust than others. In 1979 Gallup found that 51% of Americans had a great deal or quite a lot of confidence in newspapers. This year the number was 18%. The biggest factor driving mistrust ... is surely the widening cultural gap between the people who have led and thrived in our major institutions and the rest of the population. The past 20 years have seen the rapid emergence of a new elite–expensively educated, versed in progressive nostrums, increasingly distant from and disdainful of the rest of America and its values. This crowd comprises much of the nation's permanent government classes, almost its entire academic establishment, most of the people who control its news and cultural output, and a good deal of its corporate elite.

Note: About half of Americans lost faith in the scientific community after this "new elite" repeatedly misled the public on issues related to the pandemic. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and media manipulation from reliable sources.

The cashless society is effectively already a reality for most of us, but there remains a minority for whom it represents a continuing headache. The government last week told high street banks that they must offer access to cash machines within three miles of customers after the closure of thousands of branches had reduced the number of ATMs. There are also an estimated to be 1.3 million adults in this country who are "unbanked" – ie do not have a bank account. For them, something as mundane as parking a car is increasingly fraught – a quarter of London councils have removed pay and display parking machines in favour of smartphone-centred apps. The shiny, bright future of full computerisation looks very much like a dystopia to someone who either doesn't understand it or have the means to access it. And almost by definition, the people who can't access the digitalised world are seldom visible, because absence is not easy to see. What is apparent is that improved efficiency doesn't necessarily lead to greater wellbeing. Technology doesn't have to be dehumanising, but if it's to avoid that outcome it has to be human-focused, not just consumer-focused, and in particular not just digital-consumer-focused. Cash, like printed air tickets or indeed train tickets, will no doubt one day soon seem as anachronistic as the barter system. In the meantime the transition should focus on ensuring that no one is discounted because they are too old, too poor or too disabled to matter to the gods of efficiency.

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

In May, the World Health Organization issued an alarming report that declared widely used non-sugar sweeteners like aspartame are likely ineffective for weight loss, and long term consumption may increase the risk of diabetes, cardiovascular diseases and mortality in adults. A few months later, WHO declared aspartame, a key ingredient in Diet Coke, to be a "possible carcinogen", then quickly issued a third report that seemed to contradict its previous findings – people could continue consuming the product at levels determined to be safe decades ago. That contradiction stems from beverage industry corruption of the review process by consultants tied to an alleged Coca-Cola front group, the public health advocacy group US Right to Know said in a recent report. It uncovered eight WHO panelists involved with assessing safe levels of aspartame consumption who are beverage industry consultants who currently or previously worked with the alleged Coke front group, International Life Sciences Institute (Ilsi). Aspartame was first approved for use in the US in the early 1980s over the objection of some researchers who warned of potential health risks. In recent years, as evidence of health threats has mounted, industry has ramped up a PR campaign to downplay the issues. Ilsi representatives have sought to shape food policy worldwide. [Gary Ruskin, US Right to Know's executive director], characterized the aspartame controversy as a "masterpiece in how Ilsi worms its way into these regulatory processes".

Note: Explore a comprehensive overview of key scientific studies on aspartame harms, and how they were covered up by the sugar industry. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the corporate world from reliable major media sources.

Each year for the last 26 years – nearly his entire tenure in the US Congress – Earl Blumenauer has advocated for a law that would utterly transform US agriculture. Nearly every time, though, his proposals have been shut down. Even so, he persists. Blumenauer, a Democrat from Oregon, wants to see a version of US agriculture that centers people, animals and the environment, rather than the large-scale, energy-intensive commodity crop farms that currently receive billions of dollars in subsidies. Blumenauer's newest plan, the Food and Farm Act, was introduced earlier this year, as an alternative to the farm bill – the package of food and agricultural policies passed every five years that is up for renewal this fall. His proposal would redirect billions of dollars away from subsidies for commodity farms towards programs that support small farmers, climate-friendly agriculture and increasing healthy food access. "Most of us don't even know that the public dollars initially designed to protect farmers and keep supply managed to feed a hungry nation in the Great Depression are now reinforcing wealthy agribusiness corporations to grow commodities that are not even meant for human consumption," said Joshua Newell, a policy analyst. Most of the farms excluded from subsidy payments are those using sustainable growing methods that preserve soil and benefit the climate. Blumenauer's bill would ... ensure more funding goes toward sustainable farming practices.

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.

A number of hospitals have been sued for refusing to allow patients dying of COVID to receive treatment with ivermectin. If the hospital lost, it appealed the decision, even if the patient did receive ivermectin and recover, according to attorney Andrew Schlafly in the summer issue of the Journal of American Physicians and Surgeons. "Hospitals wanted to establish precedents for their side, so that next time they could deny treatment by pointing to appellate decisions in their favor," Schlafly writes. They adopted a "strategy of seeking to establish precedents that increased their authority, and to remove any precedents against unlimited power for them." Ivermectin is a long-established safe drug that is widely used to treat parasitic infections. It has also been shown to have antiviral activity. Many physicians have reported successful use in COVID patients, and many though not all studies have shown safety and benefit. Many state appellate courts cite the Food and Drug Administration's (FDA's) disparagement of ivermectin as a legal basis for hospitals to deny access by dying patients to this drug, long approved by the FDA as safe. Schlafly writes that the FDA has "been able to evade judicial review for too long. The more the FDA avoids submitting to discovery procedures that are commonplace for every other defendant, the bigger the mushrooms can grow in the dark at this federal agency."

Note: Explore a comprehensive look into the benefits and uses of ivermectin, despite establishment media's concerted effort to discredit its efficacy and safety. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the coronavirus from reliable major media sources.

JPMorgan Chase reached a tentative settlement with sexual abuse victims of Jeffrey Epstein, the deceased financier, after weeks of embarrassing disclosures about the bank's longstanding relationship with him. David Boies, one of the lead lawyers for the victims, said the bank was prepared to pay $290 million to resolve the lawsuit. The proposed deal would settle a lawsuit filed ... on behalf of victims who were sexually abused by Mr. Epstein over a roughly 15-year period when they were teenage girls and young women. The number of victims could potentially rise to more than 100. JPMorgan still faces a related lawsuit by the government of the U.S. Virgin Islands. That suit remains the biggest outstanding Epstein-related case after years of lawsuits against Mr. Epstein's estate and Ghislaine Maxwell's conviction in 2021 in Manhattan federal court for helping Mr. Epstein engage in sex trafficking. The lawsuit filed by the victims claimed that JPMorgan ignored repeated warnings that Mr. Epstein had been trafficking teenage girls and young women for sex, even after he registered as a sex offender and pleaded guilty in a 2008 Florida case to soliciting prostitution from a teenage girl. The complaint said the bank had overlooked red flags in Mr. Epstein's activity because it valued him as a wealthy client who had access to dozens of even wealthier people. Legal documents revealed that after designating Mr. Epstein a "high risk client" in 2006, the bank kept him on as a customer.

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.

These blank-looking warehouses are home to 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. Other blue-chip clients include US federal agencies, the Indian electoral commission, and TikTok. 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: 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.

With the U.S. supplying billions-of-dollars of munitions to Ukraine and growing tensions in the Taiwan Strait, some Pentagon generals are sounding alarms about the dwindling supply of U.S. weapons ... at a time when the cost of replacing them is skyrocketing. A six-month investigation by 60 Minutes found it has less to do with foreign entanglements than domestic ones - what can only be described as price gouging by U.S. defense contractors. It wasn't always like this. The roots of the problem can be traced to 1993, when the Pentagon, looking to cut costs, urged defense companies to merge. Fifty one major contractors consolidated to five giants. The landscape has totally changed. In the '80s, there was intense competition amongst a number of companies. And so the government had choices. They had leverage. We have limited leverage now. The problem was compounded when the Pentagon, in another cost saving move, cut 130,000 employees whose jobs were to negotiate and oversee defense contracts. The Pentagon granted companies unprecedented leeway to monitor themselves. Instead of saving money ... the price of almost everything began to rise. In the competitive environment before the companies consolidated, a shoulder fired stinger missile cost $25,000 in 1991. With Raytheon now the sole supplier, it costs more than $400,000 to replace each missile sent to Ukraine ... even accounting for inflation and some improvements that's a seven-fold increase. 

Note: Leading military contractors are hiking up prices of everyday products as well, costing US taxpayers more than $1.3 million in unnecessary markups. Explore how the Pentagon paid arms manufacturer Boeing over $200,000 for four trash cans used in surveillance planes (roughly $51,606 per unit).  War profiteering happens on many levels, as articulated in a summary of War is a Racket by General Smedley D. Butler.

For the past decade, the White House and Congress have relied on the National Academies of Sciences, Engineering and Medicine, a renowned advisory group, to help shape the federal response to the opioid crisis, whether by convening expert panels or delivering policy recommendations and reports. Yet officials with the National Academies have kept quiet about one thing: their decision to accept roughly $19 million in donations from members of the Sackler family, the owners of Purdue Pharma, the maker of the drug OxyContin that is notorious for fueling the opioid epidemic. The opioid crisis has led to hundreds of thousands of overdose deaths, spawned lawsuits and forced other institutions to publicly distance themselves from Sackler money or to acknowledge potential conflicts of interest from ties to Purdue Pharma. The National Academies has largely avoided such scrutiny as it continues to advise the government on painkillers. Institutions that more publicly examined their use of Sackler donations include Tufts University, which released a review of possible conflicts of interest related to pain research education funded by Purdue Pharma. Concerns noted in the report included a senior Purdue executive's delivering lectures to students each semester. The World Health Organization in 2019 retracted two guidance documents on opioid policy after lawmakers aired concerns about ties to opioid makers, including a Purdue subsidiary, among report authors and funders.

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

In recent months, the Pentagon has moved to provide loans, guarantees, and other financial instruments to technology companies it considers crucial to national security – a step beyond the grants and contracts it normally employs. So when Silicon Valley Bank threatened to fail in March following a bank run, the defense agency advocated for government intervention to insure the investments. The Pentagon had even scrambled to prepare multiple plans to get cash to affected companies if necessary, reporting by Defense One revealed. Their interest in Silicon Valley Bank stems from the Pentagon's brand-new office, the Office of Strategic Capital. The secretary of defense established the OSC in December specifically to counteract the investment power of adversaries like China in U.S. technologies, and to secure separate funding for companies whose products are considered vital to national security. The national security argument for bailout, notably, found an influential friend in the Senate. As the Biden administration intervened to protect Silicon Valley Bank depositors on March 12, Sen. Mark Warner, D-Va., who chairs the powerful Senate Intelligence Committee and also sits on the Banking Committee, issued a press release warning that the bank run posed a national security risk. Warner – the only member of Congress to have publicly tied SVB to national security – has received significant contributions from the financial sector. Since 2012, Warner has received over $21,000 from Silicon Valley Bank's super PAC.

Note: Many tech startups with funds in Silicon Valley Bank were working on projects with defense and national security applications. Explore revealing news articles on the rising concerns of the emerging technologies that the Defense Department is investing in, given their recent request for $17.8 billion to research and develop artificial intelligence, autonomy, directed energy weapons, cybersecurity, 5G technology, and more.

A US Virgin Islands investigations into the sex trafficker Jeffrey Epstein's ties to an American bank issued subpoenas to four wealthy business leaders on Friday, extending its reach into the highest echelons of tech, hospitality and finance. The subpoenas issued to the Google co-founder Sergey Brin, Hyatt Hotels chairperson Thomas Pritzker, American-Canadian businessman Mortimer Zuckerman and former CAA talent agency chairperson Michael Ovitz are crafted to gather more information about Epstein's relationship with JPMorgan Chase. The Virgin Islands' lawsuit against JP Morgan, the world's largest bank in terms of assets, alleges that the institution "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 in and beyond the Virgin Islands". "Human trafficking was the principal business of the accounts Epstein maintained at JP Morgan," it said. The disgraced financier ... owned two private islands – Little Saint James, or "Epstein Island", and Great Saint James – in the American territory, and authorities there have secured a $105m settlement from his estate. The demand for any communications and documents related to the bank and Epstein from four of the wealthiest people in the US comes days after it was reported that Jamie Dimon, JP Morgan's chairperson and chief executive, is expected to be deposed in the case.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Jeffrey Epstein's child sex trafficking ring from reliable major media sources.

Even as elite American universes such as Harvard have bowed to pressure to divest their multibillion-dollar endowments from fossil fuels, and student activists take recalcitrant holdouts to court, oil and gas companies continue to exert a grip upon campus life, through funded research and the physical presence of oil and gas industry employees in lectures and meetings with faculty. Fossil-fuel firms have purposely sought to "colonize" academia with industry-friendly science, rather than seed overt climate denial, according to Ben Franta, a senior research fellow at the University of Oxford who has studied industry's influence over universities. Their research dollars, he said, had effectively discouraged academic endeavors that challenge the core business model of burning oil and gas, instead shifting the focus to favored topics such as capturing carbon emissions from polluting facilities, a still niche technology that would allow industry to continue business as usual. The reach of fossil fuels into academia "never ceases to amaze me", said Robert Brulle, an environmental sociologist at Brown University. "You can barely study climate change at elite universities and not be funded by fossil-fuel companies," he added. "They drive all this study into carbon capture, so that influences policy and becomes a part of the Biden administration's agenda. The influence is profound, and the students are right to be wondering what kind of education they are getting here."

Note: Read more on how fossil companies donated $700 million to US universities over 10 years. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

There's no better way to reach an audience today than through social media – and Big Pharma is well aware of that. The video-sharing platform TikTok, for example, is being flooded with videos of users testifying to wellness through prescription drugs, with hashtags like #adhd (22.3B views), #ozempic (675.1M views) and #wegovy (259.3M views) consistently trending. Now, experts are warning about this misleading tactic by drugmakers, in paying popular social media users to espouse their products under the guise of honest reviews, in a new study published this week in the Journal of Medical Internet Research. These so-called patient influencers, or patient "advocates," are social media influencers who use their platform to promote pharmaceutical medications and/or medical devices. Researchers at the University of Colorado Boulder analyzed 26 recent interviews with patient influencers, who had been diagnosed with conditions such as lupus, fibromyalgia, Parkinson's disease, asthma, HIV, celiac disease, chronic migraines and perimenopause. The majority (69%) had previously collaborated with a pharmaceutical company in some way. The Federal Trade Commission mandates that influencers must disclose if they have been paid by using hashtags, such as by adding #ad or #sponsored to related posts, while the Food and Drug Administration has rules and regulations regarding what can be said on social posts. Nevertheless, many consumers fail to decipher a sponsored ad from genuine peer-to-peer advice.

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

On Feb. 3, a train of about 150 freight cars – many carrying several loads of hazardous materials – crashed and exploded in the town of East Palestine, Ohio. The tangled knot of boxcars operated by Norfolk Southern Railway shot out flames reaching 100 feet and sent a massive plume of coal-black smog. Five days later, crews ignited a controlled burn of the toxic chemicals in order to prevent a much bigger explosion, but the situation appears to be worsening. Residents and local news agencies have posted viral videos of streams and creeks cluttered with dead fish and frogs. Reports have also surfaced that fumes sickened and even killed pets. Many are drawing comparisons to the 1986 Chernobyl nuclear disaster, which turned Pripyat, a city of roughly 50,000 people, into a ghost town. "We basically nuked a town with chemicals so we could get a railroad open," Sil Caggiano, a hazardous materials specialist, told WKBN. On Feb. 8, state officials told residents that they could "safely" return home. "If it's safe and habitable, then why does it hurt?" Nathen Velez, a resident of East Palestine, said to CNN. "Why does it hurt me to breathe?" As more details emerge, the gravity of the situation only seems to worsen. In a letter sent to Norfolk Southern Railway on Feb. 11, the Environmental Protection Agency (EPA) said that in addition to vinyl chloride, four additional toxic chemicals were on board the train: ethylene glycol monobutyl ether, ethylhexyl acrylate, butyl acrylate and isobutylene.

Note: An on-the-ground report discusses this tragic issue beyond the official narrative: how corporate greed is the underlying cause of the crash, local media outlets owned by private equity firms who have significant stakes in Norfolk Southern, and potential long-term impacts. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

Advanced Impact Media Solutions, or Aims, which controls more than 30,000 fake social media profiles, can be used to spread disinformation at scale and at speed. It is sold by "Team Jorge", a unit of disinformation operatives based in Israel. Tal Hanan, who runs the covert group using the pseudonym "Jorge", told undercover reporters that they sold access to their software to unnamed intelligence agencies, political parties and corporate clients. Team Jorge's Aims software ... is much more than a bot-controlling programme. Each avatar ... is given a multifaceted digital backstory. Aims enables the creation of accounts on Twitter, LinkedIn, Facebook, Telegram, Gmail, Instagram and YouTube. Some even have Amazon accounts with credit cards, bitcoin wallets and Airbnb accounts. Hanan told the undercover reporters his avatars mimicked human behaviour and their posts were powered by artificial intelligence. [Our reporters] were able to identify a much wider network of 2,000 Aims-linked bots on Facebook and Twitter. We then traced their activity across the internet, identifying their involvement ... in about 20 countries including the UK, US, Canada, Germany, Switzerland, Greece, Panama, Senegal, Mexico, Morocco, India, the United Arab Emirates, Zimbabwe, Belarus and Ecuador. The analysis revealed a vast array of bot activity, with Aims' fake social media profiles getting involved in a dispute in California over nuclear power; a #MeToo controversy in Canada ... and an election in Senegal.

Note: The FBI has provided police departments with fake social media profiles to use in law enforcement investigations. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.

Since the rollout of mRNA COVID-19 vaccines, experts and academics from around the world have been raising numerous short-term and long-term safety concerns. One of these deals with the spike protein that the human cell is instructed to generate as a result of the shot, and how it differs from the spike protein that's generated from a natural infection. A "pseudouridine" molecule has been added to the mRNA to give it a longer half-life than normal mRNA. Therefore, the production of spike protein within the cell, of those who have been vaccinated, is not being turned off. This is concerning because multiple studies have shown that the vaccine induced spike protein can leak outside of the cell and enter into the blood- stream. This is one possible mechanism of action in which vaccine injuries are occurring. During an autopsy of a vaccinated person who had died after mRNA vaccination, it was found that the vaccine disperses rapidly from the injection site and can be found in nearly all parts of the body. Looking into these concerns is important to figure out why so many COVID vaccine injuries around the world have been reported compared to previous vaccines. Approximately 50 percent of vaccine injuries reported to the Vaccine Adverse Events Reporting System (VAERS) in the last 30 years have all been from COVID products. Concerning autopsy results have also been published. It's quite clear something very serious about these shots is and has been ignored.

Note: VAERS only captures a portion of vaccine injuries and deaths. Vaccine adverse event numbers are made publically available, and currently show 2,579,111 COVID vaccine injury reports and 37,100 COVID Vaccine Reported Deaths (out of 47,290 Total Reported Deaths from all vaccines). Read our in-depth report about this concerning trend, and how the VAERS system presents an incomplete picture of vaccine injuries. For more along these lines, see concise summaries of deeply revealing news articles on COVID vaccines from reliable major media sources.

A recent Gallup poll found that a whopping 18 million Americans–including 20 percent of Americans who make less than $24,000 annually–cannot afford at least one of their prescriptions. The status quo is sad and tragic and needs to end. Congress can help by addressing seemingly monopolistic forces in the industry that may be keeping costs high. Congress should start by investigating the potential anti-competitive activities posed by the nation's leading drug wholesalers. The nation's three largest pharmaceutical distributors own an estimated 75 percent of the nation's pharmacy services administrative organizations (PSAOs)–the organizations that are supposed to negotiate good drug contract deals on pharmacies' behalf. If the major companies that sell drugs owning the entities that are supposed to restrain drug prices sounds like a clear conflict of interest, that's because it probably is one. And the fact that these three pharma distributors have already been the subject of nationwide Department of Justice and Federal Trade Commission lawsuits for seemingly predatory business activities only compounds this alarming antitrust issue. A growing number of states–including Louisiana, Maryland, and Wisconsin–have begun investigating the role that PSAOs may play in America's drug price-gouging problem and have passed legislation to increase PSAO transparency and oversight. That said, this is a federal issue and requires a federal solution.

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

The U.S. government may have awarded roughly $5.4 billion in coronavirus aid to small businesses with potentially ineligible Social Security numbers, offering the latest indication that Washington's haste earlier in the pandemic opened the door for widespread waste, fraud and abuse. The top watchdog overseeing stimulus spending – called the Pandemic Response Accountability Committee, or PRAC – offered the estimate in an alert issued Monday and shared early with The Washington Post. It came as House Republicans prepared to hold their first hearing this week to study the roughly $5 trillion in federal stimulus aid approved since spring 2020. The suspected wave of grift targeted two of the government's most generous emergency initiatives: the Paycheck Protection Program, known as PPP, and the Economic Injury Disaster Loan, dubbed EIDL. Studying more than 33 million applicants, the PRAC uncovered more than 221,000 ineligible Social Security numbers on requests for small-business aid. That included thousands of cases where the number was "not issued" by the government, for example, or it did not match the correct name and birth information. More than a quarter of those applications, using nearly 70,000 suspect Social Security numbers, were still approved between April 2020 and October 2022 despite the questionable data – and the government loaned those applicants about $5.4 billion, the watchdog found. The full extent of taxpayers' losses remains unknown, even to Washington.

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

The former attorney general for the Virgin Islands, who recently secured a $105 million settlement from the estate of Jeffrey Epstein, was recently fired following months of friction between her and the U.S. territory's governor over the handling of the investigation into the disgraced financier, according to people briefed on the matter. Denise N. George, the former official, was dismissed by Albert Bryan Jr., the governor of the Virgin Islands, on New Year's Eve, four days after her office sued JPMorgan Chase in federal court in Manhattan for its dealings with Mr. Epstein, who died of an apparent suicide in 2019 while in federal custody. The timing of Ms. George's firing fueled media speculation in the Virgin Islands and beyond that the suit against JPMorgan was the immediate cause. In late December, Ms. George's office sued JPMorgan in federal court in Manhattan, claiming that bank was derelict in providing banking services to Mr. Epstein during the time he was charged with sexually abusing teenage girls and young women at Little St. James and elsewhere in the U.S. The lawsuit accused JPMorgan of facilitating and concealing wire and cash transactions that should have raised suspicions that Mr. Epstein was engaging in the sexual trafficking of teen girls and young women. The lawsuit contends the bank essentially turned a "blind eye" to Mr. Epstein's conduct because it was profitable. JPMorgan, the largest U.S. bank by assets, was Mr. Epstein's primary banker from the late 1990s to 2013.

Note: For more along these lines, see concise summaries of deeply revealing news articles on banking corruption and Jeffrey Epstein's sex trafficking ring 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.