Corporate Corruption News Stories

Excerpts of Key Corporate Corruption News Stories in Major Media

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

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

The scale of sexual harassment and gender violence by UK university staff has been likened to the scandals involving the Catholic church and Jimmy Savile in accounts shared by more than 100 women with the Guardian. Their stories – including those of verbal bullying, serial harassment, assault, sexual assault and rape – expose an alarming pattern of abuse and harassment in British universities which remains largely hidden. Many women said they had not pursued complaints for fear of jeopardising their academic careers. Those who did complain said they felt isolated and unprotected, while the more powerful men they accused appeared to be untouchable. The women’s accounts follow an exclusive Guardian report on the use of non-disclosure agreements in university sexual harassment cases. Jennifer Saul, professor of philosophy at the University of Sheffield and an expert on sexual harassment in higher education, said she was not surprised by the ... stories: “There’s a systemic problem. Too often, victims are afraid to come forward for fear of retaliation. “When they do come forward, often they are brushed off or not believed. When they are believed, their allegations are still often dismissed as unprovable. Even when things are taken more seriously, harassers are generally allowed to leave quietly, which enables them to move some place else and do the same thing.” Many of the women who made complaints ... felt they were the ones on trial.

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

Using the playbook of Mylan, Turing and, well, their own company, Valeant Pharmaceuticals has hiked the price of yet another life-saving treatment to astronomical values. This time, it’s calcium EDTA, a lead poisoning treatment that cost US hospitals and poison control centers about $500 for a packet of six ampules (6 grams) before 2012, when Valeant acquired the drug. Poison control experts now say that US centers pay about $5000 per gram for the drug, compared to $15 per gram for Canadians. In a 6-year period ... Valeant increased the US price of the drug by as much as 7200%. Two physicians - Michael Kosnett from the University of Colorado School of Medicine and Timur Durrani at the University of California, San Francisco (UCSF) - expressed their concerns about these price hikes in a letter to U.S. Rep. Elijah Cummings (D-Md), the ranking member of the House Committee on Oversight and Government Reform. According to Kosnett and Durrani, the average price per milliliter for the drug went from $18.57 in 2008 to $1346.37 in 2014. U.S. hospitals have no other source for calcium EDTA. Most of those who develop acute lead poisoning are children. The effects of lead poisoning are lasting and profound. Calcium EDTA is on the World Health Organization’s Model List of Essential Medicines, which lists medications that are most critical for a healthcare system to have on hand.

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

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

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

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

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

Yahoo has been accused of secretly building a customised software programme to search all of its customers’ incoming emails for specific information provided by US intelligence officials. The company complied with a classified US government directive, scanning hundreds of millions of Yahoo Mail accounts at the behest of the National Security Agency or FBI. Reuters said that a number of surveillance experts said this represented the first case to surface of a US Internet company agreeing to a spy agency’s demand by searching all arriving messages, as opposed to examining stored messages or scanning a small number of accounts in real time. The agency also said it was unable to determine what data the company had handed over, and if the intelligence officials had approached other email providers besides Yahoo. US phone and Internet companies are known to have handed over bulk customer data to intelligence agencies. But some former government officials and private surveillance experts said they had not previously seen either such a broad directive for real-time Web collection or one that required the creation of a new computer program. “I’ve never seen that, a wiretap in real time on a ‘selector’,” said Albert Gidari, a lawyer who represented phone and Internet companies on surveillance. A selector refers to a type of search term used to zero in on specific information. He added: “It would be really difficult for a provider to do that.”

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

Unpublished field trials by pesticide manufacturers show their products cause serious harm to honeybees at high levels, leading to calls from senior scientists for the companies to end the secrecy which cloaks much of their research. The research, conducted by Syngenta and Bayer on their neonicotinoid insecticides, were submitted to the US Environmental Protection Agency and obtained by Greenpeace after a freedom of information request. Neonicotinoids are the world’s most widely used insecticides and there is clear scientific evidence that they harm bees at the levels found in fields. Neonicotinoids were banned from use on flowering crops in the EU in 2013, despite UK opposition. The newly revealed studies show Syngenta’s thiamethoxam and Bayer’s clothianidin seriously harmed colonies at high doses, but did not find significant effects below concentrations of 50 parts per billion (ppb) and 40ppb respectively. Such levels can sometimes be found in fields. However, scientists said all such research should be made public. “It is hard to see why the companies don’t make these kinds of studies available,” said Prof Dave Goulson, at the University of Sussex. “It does seem a little shady to do ... the very studies the companies say are the most important ones - and then not tell people what they find.” Syngenta had told Greenpeace in August that “none of the studies Syngenta has undertaken or commissioned for use by regulatory agencies have shown damages to the health of bee colonies”. Goulson said: “That clearly contradicts their own study.”

Note: CNN News reported in 2010 that Bayer covered up the link between its products and massive bee die-offs. Read more about how these pesticides sicken bees and harm food crops. For more along these lines, see concise summaries of deeply revealing food system corruption news articles from reliable major media sources.

It's rare to get a glimpse behind the curtain of pharmaceutical marketing. CBC [has] learned about a stealth marketing campaign involving a drug company, a well-known Canadian comedian, a doctor and a public relations firm. "Cathy Jones of This Hour Has 22 Minutes is on a mission to get women to start talking about female sexual health after menopause - and particularly, their vaginas," wrote PR company GCI Group in a press release, offering to arrange an interview. But nowhere did it say this "mission" was initiated and sponsored by Novo Nordisk Canada Inc., which makes a vaginal hormone pill. Nor did GCI's release specify that Jones was paid to give media interviews about vaginal atrophy. When CBC asked if there was a drug company involved, the PR firm said yes, Novo Nordisk, but that was to be kept secret. "No parties including GCI want any mention of the drug or drug company," CBC was told. "It's an unbranded campaign." In other words, it's marketing that looks like any other lifestyle article in news. This is what it looks like on the Globe and Mail's website. There was originally no mention of Novo Nordisk sponsoring the campaign. Is it OK for a drug company, behind a curtain, to generate news about a condition and then encourage women to see their doctor? "No, it is not OK," says Dr. Jerilynn Prior [with] the University of British Columbia. "It is misrepresenting the marketing purpose behind it." This is a rare public example of something that happens all the time.

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

In his 93 years, Bob Wallace has seen some product-pricing doozies over the decades, but the nonstop national furor over the stratospheric price hikes for EpiPens - now retailing above $700 for a two-pack - was the final shot. Wallace and Roland Krevitt, a veteran Scotts Valley manufacturing and tooling consultant, set out to demystify the cost to produce the EpiPen, piece by piece. The auto-injector delivers a lifesaving dose of adrenaline to treat serious allergic reactions to everything from bee stings to food. [They crunched] the costs for molding and manufacturing the nozzle, needle, syringe, springs, safety cap - and 0.3 mg of epinephrine. Their startling estimate of the cost for a two-pack of EpiPens: $8.02. And that even included the bright-yellow box. The pharmaceutical giant Mylan is the latest drugmaker to withstand a public lashing over skyrocketing drug prices. While politicians and patients demand explanations ... policy experts and drug makers blame an American health care system built on an ever-expanding pool of middlemen whose piece of the action is driving up the final bill. [Mylan’s] chief executive, Heather Bresch, recently told a congressional committee her company pays $69 per two-pack to the firm that actually manufactures the EpiPen, [and] pointed to charts explaining why the company charges a $608 wholesale price for a two-pack. The Wall Street Journal ... reported last week that Mylan low-balled its calculation of EpiPen profits to Congress.

Note: Read more about Mylan's price gouging on EpiPens. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

A division of the pharmaceutical company Bayer sold millions of dollars of blood-clotting medicine for hemophiliacs - medicine that carried a high risk of transmitting AIDS - to Asia and Latin America in the mid-1980's while selling a new, safer product in the West, according to documents obtained by The New York Times. The Bayer unit, Cutter Biological, introduced its safer medicine in late February 1984 as evidence mounted that the earlier version was infecting hemophiliacs with H.I.V. Yet for over a year, the company continued to sell the old medicine overseas, [and] kept making the old medicine for several months more. In Hong Kong and Taiwan alone, more than 100 hemophiliacs got H.I.V. after using Cutter's old medicine. Many have since died. Cutter also continued to sell the older product ... in Malaysia, Singapore, Indonesia, Japan and Argentina. The Cutter documents, which were produced in connection with lawsuits filed by American hemophiliacs, went largely unnoticed until The Times began asking about them. Federal regulators helped keep the overseas sales out of the public eye. When a Hong Kong distributor in late 1984 expressed an interest in the new product, the records show, Cutter asked the distributor to "use up stocks" of the old medicine. Several months later, as hemophiliacs in Hong Kong began testing positive for H.I.V., some local doctors questioned whether Cutter was dumping "AIDS tainted" medicine into less-developed countries.

Note: Watch a three-minute MSNBC report on this decision by Bayer which resulted in thousands being infected with AIDS. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

Following widespread outrage and a blistering Senate Banking Committee hearing last week, Wells Fargo CEO John Stumpf has said he’ll forfeit his outstanding stock awards of about $41 million. Wells Fargo’s former retail-banking head, Carrie Tolstedt, has agreed to forfeit outstanding stock awards of about $19 million. The givebacks are being done in response to charges that the bank opened some 2 million fraudulent deposit and credit card accounts in its customers’ names. Wells Fargo had already agreed to pay $185 million to settle those charges with regulators, but, clearly, that wasn’t enough. The public is worn out by Wall Street’s bad behavior - and it’s also tired of watching low-level employees be scapegoated while top executives get off scot-free. Wells had fired more than 5,000 employees connected to the illegal sales practices, but done nothing to punish senior executives. No one is buying the story that a scandal this large was the work of rogue employees at the bottom of the totem pole. Part of the reason for the alleged unauthorized accounts was employees were pressured to meet unachievable sales goals. Wells has also pledged to end the controversial sales goal program for employees in the retail banking division. The financial meltdown of 2008 ... resulted out of extreme complexity - most politicians and citizens can’t parse a credit default swap. Opening a bank account in someone else’s name without their permission, however, is a wrong that everyone can understand.

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

UCSF researchers believe they have uncovered a decades-old effort by the sugar industry to exonerate sugar as a dietary culprit for heart disease and shift the blame onto fat and cholesterol. In a paper published in Monday’s JAMA Internal Medicine, the researchers reveal a scheme in which the sugar industry’s main trade group paid two Harvard scientists to conduct a literature review in the mid-1960s that challenged emerging evidence linking sugar consumption to risk factors for cardiovascular disease. The Harvard scientists concluded there was “no doubt” that reducing dietary cholesterol and substituting polyunsaturated fat for saturated fat would prevent heart disease. Such recommendations helped persuade Americans to replace their butter with margarine and eat fat-free cookies and other sugar-laden treats. “We have been indoctrinated in this belief that if we don’t eat a low-fat diet, we’ll die of the No. 1 killer disease,” said co-author Laura Schmidt, professor of health policy at UCSF School of Medicine. “Now we’ve learned the sugar industry paid off Harvard to tell us that.” They showed that the Sugar Research Foundation, which is now known as the Sugar Association, paid Fredrick Stare and fellow faculty member D. Mark Hegsted the equivalent of about $50,000 in 2016 dollars to write a heavily critical review of studies that linked sucrose to heart disease. Their reviews were published in the prestigious New England Journal of Medicine in 1967.

Note: For more on how the sugar industry conspired against public health, see this Time magazine article. For even more along these lines, see concise summaries of deeply revealing health news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Health Information Center.

The pervasive influence of corporate cash in the democratic process, and the extraordinary lengths to which politicians, lobbyists and even judges go to solicit money, are laid bare in sealed court documents leaked to the Guardian. The John Doe files amount to 1,500 pages of largely unseen material gathered in evidence by prosecutors investigating alleged irregularities in political fundraising. Last year the Wisconsin supreme court ordered that all the documents should be destroyed, though a set survived that has now been obtained by the news organisation. The files open a window on a world that is very rarely glimpsed by the public, in which millions of dollars are secretly donated by major corporations and super-wealthy individuals to third-party groups in an attempt to sway elections. Five Wisconsin prosecutors carried out a deep investigation into what they suspected were criminal campaign-finance violations by the campaign committee of Scott Walker, Wisconsin governor. In 2015, Justice Prosser refused to recuse himself from a case in which the state supreme court sat in judgment over the John Doe investigation, despite the fact that the investigation focused on precisely the same network of lobbying groups and donors that had helped him hang onto his seat. The judge joined a majority of four conservative justices who voted to terminate the investigation and destroy all the documents now leaked to the Guardian.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in elections and in the judicial system.

Like a lot of other Americans, Sen. Elizabeth Warren wants to know why the Department of Justice hasn’t criminally prosecuted any of the major players responsible for the 2008 financial crisis. On Thursday, Warren released two highly provocative letters demanding some explanations. One is to DOJ Inspector General Michael Horowitz, requesting a review of how federal law enforcement managed to whiff on all 11 substantive criminal referrals submitted by the Financial Crisis Inquiry Commission (FCIC), a panel set up to examine the causes of the 2008 meltdown. The other is to FBI Director James Comey, asking him to release all FBI investigations and deliberations related to those referrals. The FCIC’s criminal referrals ... have never been made public. But Warren’s staff reviewed thousands of other documents released in March ... and found descriptions and records of them. They detail potential violations of securities laws by 14 different financial institutions: most of America’s largest banks. And the FCIC named names, specifying nine top-level executives who should be investigated on criminal charges: CEO Daniel Mudd and CFO Stephen Swad of Fannie Mae; CEO Martin Sullivan and CFO Stephen Bensinger of AIG; CEO Stan O’Neal and CFO Jeffrey Edwards of Merrill Lynch; and CEO Chuck Prince, CFO Gary Crittenden, and Board Chairman Robert Rubin of Citigroup. None of the 14 financial firms listed in the referrals were criminally indicted or brought to trial, Warren writes. Only five of the 14 even paid fines.

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

Here’s what passes for funny in a room packed full of weapons-industry executives and lobbyists: When Vice Adm. Joseph Rixey — the man in charge of the Pentagon agency that administers foreign arms sales — said “I know you don’t go after human rights violators for potential customers.” The line produced chuckles in the room. Rixey was the guest of honor at a reception Wednesday hosted by the Senate Aerospace Caucus, a group of more than a dozen senators who “work to ensure a strong, secure, and competitive American aerospace sector.” The event ... was cohosted by the Aerospace Industries Association (AIA), the lobbying group for weapons contractors like Lockheed Martin, Boeing, Northrop Grumman, and Raytheon. Rixey is the director of the Defense Security Cooperation Agency (DSCA), the Pentagon agency charged with overseeing the Pentagon’s relations with the militaries of U.S. allies. Over the past year, the DSCA has approved upwards of $47 billion in such contracts, for weapons transfers to countries like Egypt, Israel, and Saudi Arabia. In his own remarks, Rixey lauded the relationship between the DSCA and industry. “We at DSCA are thankful that we have the support of our counterparts within the United States government and with defense industries,” he said. Rixey was joined by caucus co-chairs Sens. Jerry Moran, R-Kan., and Patty Murray, D-Wash., who praised the industry for its role in overseas weapons sales on both foreign policy and economic grounds.

Note: The Pentagon is the only segment of US government that doesn't balance its books, and Pentagon auditors are heavily pressured to look the other way on blatant corruption. For more along these lines, see concise summaries of deeply revealing military corruption news articles from reliable major media sources.

The International Criminal Court (ICC) announced this week that it would start considering cases involving environmental destruction, misuse of land, and land grabs as crimes against humanity. The move reflects a broadening perspective on what constitutes a war crime. This represents a significant shift in strategy at the ICC, which since its 1989 inception has been charged with investigating war crimes and human rights offenses. ICC’s announcement will likely expand the number people who could find themselves prosecuted by the court beyond the usual politicians, military commanders, or rebel leaders who are investigated for violent war crimes. “Company bosses and politicians complicit in violently seizing land, razing tropical forests, or poisoning water sources could soon find themselves standing trial in The Hague alongside war criminals and dictators," said Gillian Caldwell, executive director of the advocacy group Global Witness. 2015 was the deadliest year on record for land-grab victims, with more than three people killed each week in territory conflicts with miners, loggers, hydro-electric dams, or agribusiness firms. "The systemic crimes committed under the guise of ‘development’ are no less damaging to victims than many wartime atrocities," said Richard Rogers, a partner at Global Diligence, in a statement. "The ICC Prosecutor has sent a clear message that such offences may amount to crimes against humanity and can no longer be tolerated.”

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

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

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

A whistleblower suit against Merck, filed back in 2010 by two former employees, [accused] the drugmaker of overstating the effectiveness of its mumps, measles, and rubella vaccine. The scientists claim Merck defrauded the U.S. government by causing it to purchase an estimated four million doses of mislabeled and misbranded MMR vaccine per year for at least a decade, and helped ignite two recent mumps outbreaks that the allegedly ineffective vaccine was intended to prevent in the first place. “As the single largest purchaser of childhood vaccines (accounting for more than 50 percent of all vaccine purchasers), the United States is by far the largest financial victim of Merck’s fraud. Specifically, the suit claims Merck manipulated the results of clinical trials beginning in the late 1990s so as to be able to report that the combined mumps vaccine ... is 95 percent effective, in an effort to maintain its exclusive license to manufacture it. However, instead of reformulating the vaccine whose declining efficacy Merck itself has acknowledged, the company reportedly launched a complicated scheme to adjust its testing technique so that it would yield the desired potency results. While the Justice Department has refused to rule on the case after conducting its own two-year investigation, the allegations ... offer an extremely damaging view into the inner process of a company accused of misleading both regulators and consumers about a vital medical product.

Note: For more on this, see this webpage. For more along these lines, see concise summaries of deeply revealing news articles on pharmaceutical industry corruption and vaccine controversies.

When Wells Fargo was hit last week with $185 million in fines after thousands of its employees were caught setting up fake accounts customers didn't ask for, regulators heralded the settlement as a breakthrough. But the fines being levied against Wells Fargo pale in comparison to the bank's yearly profit - more than $20 billion in 2015. It is also less than the more than $200 million that the stock in the company held by company's chief executive, John G. Stumpf is worth. The fines also are not that much more than the $125 million one of its top executives, Carrie Tolstedt, will walk away with when she retires this year. "There are two possibilities: Customer abuse was part of business model, in which case lots of high ranking people need to go to prison," said Bart Naylor, a financial policy advocate. "Or the bank is too big to manage, and folks high up don’t even know that laws are being broken a few levels down." The magnitude of the fraud described by regulators should be thoroughly investigated, five Democratic lawmakers said in a letter to the head of the Senate Banking Committee, Richard Shelby (R-Ala.), asking for a hearing on the case. The lawmakers, including Sen. Robert Menendez of New Jersey, said Wells Fargo's CEO, John G. Stumpf, should be called to testify. "It is difficult to believe a large-scale, coordinated [scheme] like this took place without knowledge of some higher ups," Menendez said in an interview.

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

Wells Fargo fired about 5,300 employees over the past several years for opening more than 2 million checking, savings, credit or debit card accounts without customers’ knowledge or consent. The big question: Why wasn’t Wells Fargo chief executive John Stumpf one of them? “It’s hard to believe that thousands of employees could have created over a million fake accounts without anyone in senior management knowing about it,” Sen. Elizabeth Warren, D-Mass., wrote in an emailed response. “It’s one or the other: Either individuals in senior management knew about this fraud and should be held personally accountable, or they didn’t know about it and a bank as big as Wells Fargo is simply too big to manage.” On Thursday, Wells settled a lawsuit and potential lawsuits by agreeing to clean up the mess, refund fees paid by customers on accounts they did not authorize and pay fines and penalties. Those included $100 million to the Consumer Financial Protection Bureau, $35 million to the Office of the Comptroller of the Currency and $50 million to the city and county of Los Angeles. FBR analyst Paul Miller called those fines “a rounding error” for Wells, which earns about $5 billion per quarter. Los Angeles City Attorney Mike Feuer opened an investigation into Wells after the Los Angeles Times reported in 2013 that ... “employees have opened unneeded accounts for customers, ordered credit cards without customers’ permission and forged client signatures on paperwork." His office filed a lawsuit against Wells Fargo in 2015.

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

News that Ketchum Inc., the public relations firm leading the charge to promote chemical-dependent GMO agriculture, is launching a new “specialty group” to capture a slice of the growing organic food market caught many food industry players by surprise last week. Ketchum’s new branch, called “Cultivate,” is pitching itself to “help purpose-driven brands with a natural, organic, and sustainable focus.” The news comes as Ketchum remains a key player in PR efforts to dampen demand for organic foods, spinning messages that tell consumers organics are over-priced and over-hyped. In 2013, Monsanto hired Ketchum’s parent company, Omnicom, to “reshape” its reputation amid fierce opposition to GMOs, according to the Holmes Report. Ketchum now works closely with Monsanto and the agrichemical industry on its massively funded PR efforts to promote genetically engineered food and crops, stop GMO labeling, downplay concerns about pesticides, counteract consumer advocates and convince consumers that organic food is no different from conventional food. A closer look at Ketchum’s past and current activities turns up more reasons that purpose-driven organic and natural food companies might want to steer clear of Ketchum’s “Cultivate” branch. Emails from the late 1990s indicate that Ketchum was involved in espionage against nonprofit groups that were raising concerns about GMOs. Ketchum ... has worked to undermine consumer advocates and the organic foods industry. It would be unwise for organic companies to hire the PR firm.

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

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