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.

A shadowy international mercenary and security firm known as TigerSwan targeted the movement opposed to the Dakota Access Pipeline with military-style counterterrorism measures, collaborating closely with police in at least five states. TigerSwan, [working] at the behest of its client Energy Transfer Partners, the company building the Dakota Access Pipeline, [described] the movement as “an ideologically driven insurgency with a strong religious component” and [compared] the anti-pipeline water protectors to jihadist fighters. “Daily intelligence updates” developed by TigerSwan ... were shared with law enforcement officers, thus contributing to a broad public-private intelligence dragnet. [Leaked] documents ... also reveal a widespread and sustained campaign of infiltration of protest camps and activist circles. TigerSwan agents using false names and identities regularly sought to obtain the trust of protesters, which they used to gather information they reported back to their employer. In an October 3 report, TigerSwan discusses how to use its knowledge of internal camp dynamics: “Exploitation of ongoing native versus non-native rifts, and tribal rifts between peaceful and violent elements is critical in our effort to delegitimize the anti-DAPL movement.” The way TigerSwan discusses protesters as “terrorists,” their direct actions as “attacks,” and the camps as a “battlefield,” reveals how the protesters’ dissent was not only criminalized but treated as a national security threat.

Note: The above article is part of an in-depth series, and includes many original source documents. Standing Rock activists were also targeted for investigation by the FBI’s joint terrorism taskforce. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the erosion of civil liberties.

They wanted to kill landmark privacy regulations that would soon ban Internet providers, such as Comcast and AT&T, from storing and selling customers’ browsing histories without their express consent. While the nation was distracted by the House’s pending vote to repeal Obamacare, Senate Republicans would schedule a vote to wipe out the new privacy protections. On March 23, the measure passed on a straight party-line vote, 50 to 48. President Trump signed the bill in early April without ceremony or public comment. “While everyone was focused on the latest headline crisis coming out of the White House, Congress was able to roll back privacy,” said former Federal Communications Commission chairman Tom Wheeler, who worked for nearly two years to pass the rules. The process to eliminate them took only a matter of weeks. The Internet privacy rules were adopted ... after an intense battle that pitted large Internet service providers, the advertising industry and tech giants against consumer advocates and civil rights groups. The rules required Internet service providers to get explicit consent before they gather their customers’ data - their browsing histories, the locations of businesses they physically visit and the mobile applications they use - and sell it to third parties. The requirements were modeled after a law passed decades ago by Congress that prohibited telephone companies from collecting customers’ calling histories and selling the information to third parties.

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

The White House disclosed Wednesday evening that it has granted ethics waivers to 17 specific appointees who work for President Donald Trump and Vice President Mike Pence, including four former lobbyists. The waivers exempt the appointees from certain portions of ethics rules aimed at barring potential conflicts of interest. In addition, a blanket waiver was given to all executive office appointees to interact with news organisations. Three of the former lobbyists given waivers to work in the White House serve as staffers to the National Economic Council, headed by former Goldman Sachs executive Gary Cohn. (Cohn himself did not need a waiver because he recuses himself from participating in matters specific to Goldman Sachs, according to a White House official.) His aides that received ethics exemptions include Michael Catanzaro, a domestic energy and environmental policy adviser. Catanzaro was granted permission to work on ... matters of interest to his former energy sector clients, including emissions regulations, clear air standards and renewable fuel standards. Shahira Knight, a White House adviser on tax and retirement policy, received a waiver to participate in a range of tax and financial policy matters. Knight, a former tax lobbyist, served as vice president of Fidelity Investments' public affairs and policy group. Trump's predecessors also issued ethics waivers to appointees who had potential conflicts of interest. The Obama administration handed out at least 66 such exemptions.

Note: Despite the White House's assurances to the contrary, the NEC's Gary Cohn is reportedly spearheading a plan to sell US infrastructure to large financial firms, including his former employer Goldman Sachs. For more along these lines, see concise summaries of deeply revealing government corruption news articles from reliable major media sources.

A new federal lawsuit against Baylor University accuses football players of drugging and gang-raping young women as part of a hazing or bonding ritual - and the university of failing to investigate the pervasive sexual assault. The suit ... was filed by "Jane Doe," who says she was raped by four to eight Baylor players in February 2012. Her Title IX suit says the school's "deliberately indifferent response" effectively denied her educational opportunities. The alleged assaults and other criminal activities took place during former head football coach Art Briles' tenure at the school in Waco, Texas. Briles and former university President Ken Starr were both removed from their posts last year after a wave of sexual assault allegations against Baylor players. Earlier this year, a lawsuit by "Elizabeth Doe" alleged that ... at least 52 rapes and at least five gang rapes were carried out by more than 30 Baylor players. The suit also describes a culture of sexual assault woven into hazing rituals: "Members of the Baylor football team ... developed a system of hazing their freshman recruits by having them bring or invite freshman females to house parties hosted by members of the football team. At these parties, the girls would be drugged and gang raped. "The gang rapes were considered a 'bonding' experience for the football players. "Photographs and videotapes of the semi-conscious girls would be taken during the gang rapes and circulated amongst the football players."

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

President Donald Trump's administration this week touted an infrastructure plan that would sell off public assets to private financial firms. Leading the White House privatization initiative is Gary Cohn, the former president of Goldman Sachs, who received a $285 million dollar payout upon ... taking a job as the director of Trump’s National Economic Council. As Cohn has led the infrastructure privatization initiative from that perch, Goldman Sachs declared that it continues to look at “new business initiatives” that revolve around taking ownership of public assets, according to Securities and Exchange Commission documents. Cohn is spearheading the administration’s infrastructure policy despite a White House official telling Bloomberg News in February that he “will recuse himself from participating in any matter directly involving his former employer.” That pledge seemed at the time to show that Cohn was following ethics rules ... enacted in January. Those rules require federal officials to sign an ethics pledge in which they agree to wait two years before they “participate in any particular matter involving specific parties that is directly and substantially related to my former employer.” Those rules, however, empower Trump to waive the restrictions whenever he wants. Whether or not Cohn has received such a waiver remains secret: the administration has not released a list of waivers, and has moved to block federal agencies from disclosing such waivers to federal ethics regulators.

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

A shipment of 36 million pounds of soybeans sailed late last year from Ukraine to Turkey to California. Along the way, it underwent a remarkable transformation. The cargo began as ordinary soybeans. They were fumigated with a pesticide [and] priced like ordinary soybeans. But by the time the 600-foot cargo ship carrying them to Stockton, Calif., arrived in December, the soybeans had been labeled “organic,” according to receipts, invoices and other shipping records. That switch - the addition of the “USDA Organic” designation - boosted their value by approximately $4 million, creating a windfall for at least one company in the supply chain. About 21 million pounds of the soybeans have already been distributed to customers. The multimillion-dollar metamorphosis of the soybeans, as well as two other similar grain shipments in the past year examined by The Post, demonstrate weaknesses in the way that the United States ensures that what is sold as “USDA Organic” is really organic. The three shipments, each involving millions of pounds of “organic” corn or soybeans, were large enough to constitute a meaningful proportion of the U.S. supply of those commodities. All three were presented as organic, despite evidence to the contrary. USDA officials say that their system for guarding against fraud is robust. The system suffers from multiple weaknesses: Farmers hire their own inspection companies; most inspections ... lack the element of surprise; and testing for pesticides is the exception rather than the rule.

Note: Sign an online petition to stop an Oregon county from forcing a well-established organic farm to spray their gardens with Monsanto's poisonous Roundup. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the corporate world.

The High Plains dairy complex reflects the new scale of the U.S. organic industry: It is big. The complex is home to more than 15,000 cows, making it more than 100 times the size of a typical organic herd. It is the main facility of Aurora Organic Dairy, a company that produces enough milk to supply the house brands of Walmart, Costco and other major retailers. But a closer look at Aurora and other large operations highlights critical weaknesses in the unorthodox inspection system that the Agriculture Department uses to ensure that “organic” food is really organic. The critical issue is grazing. Organic dairies are required to allow the cows to graze daily throughout the growing season. The cows are supposed to be grass-fed, not confined to barns and feedlots. But during visits by The Washington Post to Aurora’s High Plains complex across eight days last year, signs of grazing were sparse, at best. During most Post visits the number of cows seen on pasture numbered only in the hundreds. The milk from Aurora also indicates that its cows may not graze as required by organic rules. Testing ... by Virginia Tech scientists shows that on a key indicator of grass-feeding, the Aurora milk matched conventional milk, not organic. The inspectors who visited Aurora’s High Plains dairy and certified it as “USDA Organic” ... conducted the annual audit well after grazing season, [and] would not have seen whether the cows were grazing as required, a breach of USDA inspection policy.

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

The federal government sued UnitedHealth Group on Tuesday alleging the Minnetonka-based health care company wrongly received from Medicare at least $1 billion in “risk adjustment” payments based on inaccurate data submissions. The federal government’s civil fraud action comes in a whistleblower case first brought by a former UnitedHealth Group employee. Earlier this year, the federal government disclosed it had ongoing investigations about risk adjustment practices at four other carriers including Aetna and a division of Cigna. In Medicare Advantage plans, the government pays health insurers a per-member per-month payment for enrollees. The government says the fees can be increased when health plans submit information about an enrollee’s health that justifies a higher “risk score” for the patient. The federal lawsuit filed Tuesday highlighted UnitedHealth’s program to review charts, calling it a “one-sided revenue-generating program.” The insurer collected “millions of medical records” and employed chart reviewers “in order to mine for diagnoses that the providers themselves did not report to United for their patients,” the lawsuit states. “United used the results of the chart reviews to only increase government payments ... while in bad faith systematically ignoring other information from the chart reviews which would have led to decreased payments.”

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

Health care is a tempting target for thieves. Medicaid doles out $415 billion a year; Medicare (a federal scheme for the elderly), nearly $600 billion. Total health spending in America is a massive $2.7 trillion, or 17% of GDP. In 2012 Donald Berwick, a former head of the Centres for Medicare and Medicaid Services (CMS), and Andrew Hackbarth of the RAND Corporation, estimated that fraud ... added as much as $98 billion, or roughly 10%, to annual Medicare and Medicaid spending - and up to $272 billion across the entire health system. Federal prosecutors had over 2,000 health-fraud probes open at the end of 2013. A Medicare “strike force”, which was formed in 2007, boasts of seven nationwide “takedowns”. In the latest, on May 13th, 90 people, including 16 doctors, were rounded up in six cities - more than half of them in Miami, the capital city of medical fraud. Punishments have grown tougher: last year the owner of a mental-health clinic got 30 years for false billing. Yet the sheer volume of transactions makes it easier for miscreants to hide: every day, for instance, Medicare’s contractors process 4.5m claims. In this context the $4.3 billion recovered by fraud-busters in 2013, though a record, looks paltry. Some criminals are switching from cocaine trafficking to prescription-drug fraud because the risk-adjusted rewards are higher. This is the medical world’s “dirty secret”, says John Holcomb of the Texas Medical Association. Everyone talks about it in the doctor’s lounge, but few complain.

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

A handful of military personnel from the 4th Psychological Operations Group, based at Fort Bragg, NC, have until recently been working in CNN's headquarters in Atlanta. [A] Dutch journalist named Abe de Vries came up with this important story ... and remains properly astounded that no mainstream news medium in the US has evinced any interest in it. De Vries ... originally [came] upon the story [following] a military symposium in Arlington, VA that discussed the use of the press in military operations. De Vries saw a good story, picked up the phone, and finally reached Maj. Thomas Collins of the US Army Information Service, who duly confirmed the presence of these Army psy-ops experts at CNN. "Psy-ops personnel, soldiers, and officers," De Vries quoted Collins as telling him, "have been working in CNN's headquarters ... through our program, training with industry. They helped in the production of news." Eason Jordan, who identified himself as CNN's president of news-gathering and international networks, [confirmed] that CNN had hosted a total of five interns from US Army psy-ops. Jordan said the program began ... just before the end of the war against Serbia and only recently terminated. Executives at CNN now describe the Army psy-ops intern tours at CNN as having been insignificant. The commanding officer of the psy-ops group certainly thought them of sufficient significance to mention at that high-level Pentagon powwow in Arlington about propaganda and psychological warfare.

Note: This article strangely has been removed from the Los Angeles Times archives. The link above shows a scanned image of the actual newspaper. The article was first published in the San Jose Mercury News on March 23, 2000, though the article is also strangely not available in their archives. U.S. Congressional testimony in the 1970s revealed that the CIA paid employees of major media networks to influence public opinion. The CIA's Operation Mockingbird revealed blatant efforts by the CIA to manipulate public opinion in the U.S., thus violating its charter.

The story of Cambridge Analytica is one of the most profoundly unsettling of our time. SCL/Cambridge Analytica [is] effectively part of the ... defence establishment. This is not just a story about social psychology and data analytics. It has to be understood in terms of a military contractor using military strategies on a civilian population. David Miller, a professor of sociology ... and an authority in psyops and propaganda, says it is “an extraordinary scandal that this should be anywhere near a democracy.” David, [an] ex-Cambridge Analytica employee, [was] working at the firm when it introduced mass data-harvesting to its psychological warfare techniques. “It brought psychology, propaganda and technology together in this powerful new way,” David [said]. Facebook was the source of the psychological insights that enabled Cambridge Analytica to target individuals. The company ... bought consumer datasets – on everything from magazine subscriptions to airline travel – and uniquely it appended these with the psych data to voter files. “The goal is to capture every single aspect of every voter’s information environment,” said David. “And the personality data enabled Cambridge Analytica to craft individual messages.” Cambridge Analytica could target people high in neuroticism, for example, with images of immigrants “swamping” the country. Brexit came down to ... just over 1% of registered voters. It’s not a stretch to believe that ... the global 1% found a way to influence this crucial 1% of British voters.

Note: Another Guardian article recently exposed how billionaire Robert Mercer used new technology to build a corporate empire capable of swinging elections. The above article further details how mass media is being combined with Big Data to produce powerful new forms of mind control.

Residents in North Carolina are fighting back against one of the state's most prominent industries: hog farming. But the legislation may not be on their side - a group of lawmakers in the state passed House Bill 467 last week, legislation that limits how much residents can collect in damages from hog farms. Hog farms in North Carolina dispose of pig feces and urine by spraying it, untreated, into the air where residents live. In response, nearly 500 of those residents ... from eastern North Carolina, brought a class action suit against Murphy-Brown, the state's largest producer of hogs. The lawsuit has now made its way to federal court. Residents have said the process of waste disposal has caused health problems. Much of the waste disposal affects low-income residents and black communities. "It can, I think, very correctly be called environmental racism or environmental injustice that people of color, low-income people bear the brunt of these practices," [University of North Carolina professor] Steve Wing ... said. "I shut my hog operation down, and I got out of it. And I ... just couldn't do another person that way, to make them smell that," Don Webb, a former pig factory farm owner, told Democracy Now. "You get stories like, 'I can't hang my clothes out.' Feces and urine odor comes by and attaches itself to your clothes." HB 467 ... was passed by both houses of the North Carolina Legislature. The bill would prevent people from recovering damages like those for healthcare bills and pain and suffering.

Note: In 2014, video footage of toxic cesspools around North Carolina farms exposed shockingly lax agricultural waste disposal standards. In response, the North Carolina Legislature passed a law to prevent whistle-blowers from exposing corporate wrongdoing. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

Public appeals by families or individuals for help paying basic medical bills seem to be on the rise in the United States. Crowdfunding websites such as GoFundMe.com report that medical expenses rank as their largest single category of appeals; other sites such as HelpHopeLive have sprung up specifically for medical expense appeals. [This points] to a crisis in the American healthcare system in two ways. One involves the gaps and other problems with U.S. healthcare that make crowdfunding campaigns necessary. Lawmakers who support policies that drive people to expose their personal lives in order to obtain desperately needed care should be ashamed of themselves. The other crisis underscored by the rise of crowdfunding concerns the ethical issues raised by public appeals for medical care itself. Those are addressed in a new article in the Journal of the American Medical Assn.. Crowdfunding for expenses that should be met by private insurers or government healthcare programs ... can make the delivery of healthcare fundamentally unfair. They can direct resources away from patients who need them the most toward those whose campaigns are merely “more vocal, photogenic, or emotionally appealing.”

Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality and health.

Rick Friday has been giving farmers a voice and a laugh every Friday for two decades through his cartoons in Farm News. Now the long-time Iowa farm cartoonist [says] he has been fired. Friday announced ... that his job was over after 21 years in a Facebook post that has since gone viral: "I am no longer the Editorial Cartoonist for Farm News due to the attached cartoon which was published yesterday. Apparently a large company affiliated with one of the corporations mentioned in the cartoon was insulted and cancelled their advertisement with the paper, thus, resulting in the reprimand of my editor and cancellation of its Friday cartoons after ... over 1,090 published cartoons to over 24,000 households per week in 33 counties of Iowa. "I did my research and only submitted the facts in my cartoon. The cartoon features two farmers talking about farming profits. The first says, "I wish there was more profit in farming." The second farm[er] answers, "There is. In year 2015 the CEOs of Monsanto, DuPont Pioneer and John Deere combined made more money than 2,129 Iowa farmers." Friday received an email from his editor at Farm News cutting off their relationship a day after the cartoon was published. Friday’s editor said a seed dealer pulled their advertisements with Farm News as a result of the cartoon, and others working at the paper disagreed with the jokes made about the agriculture corporations.

Note: See the cartoon at this link. For more along these lines, see concise summaries of deeply revealing news articles on income inequality and mass media.

In a debate that has gone from office corridors to Britain's Parliament, lawmakers put their foot down Monday and told employers to stop making women wear high heels as part of corporate dress codes. Members of Parliament debated a ban on mandatory workplace high heels in response to a petition started by a receptionist who was sent home without pay for wearing flat shoes. The debate was nonbinding, but the government promised to act against heel-height rules, makeup guidelines and other corporate codes that apply to women but not to men. Labour lawmaker Helen Jones, who helped lead a parliamentary investigation into dress codes, said she and her colleagues were shocked by what they found. "We found attitudes that belonged more - I was going to say in the 1950s, but probably the 1850s would be more accurate, than in the 21st century," she told lawmakers at Parliament's Westminster Hall. The British government says the law already forbids companies from discriminating against women, but a report from Parliament's Women and Equalities Committee found that "discriminatory dress codes" remain commonplace in sectors including the retail and tourism industries. The committee said it had heard from hundreds of women "who told us about the pain and long-term damage caused by wearing high heels for long periods in the workplace, as well as from women who had been required to dye their hair blonde, to wear revealing outfits and to constantly reapply makeup."

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

People rely on unbiased research to find out important statistics about all facets of nutrition. However, recent research from the Charles Perkins Centre at the University of Sydney suggests there is bias in industry-funded research studies ... the full extent of which is still unknown. [Professor Lisa] Bero and her team reviewed 775 reports in the medical literature ... to determine whether nutrition studies funded by the food industry were "associated with outcomes favourable to the sponsor". "Most of the studies only looked at the [author's interpretation] of the research. If it were industry sponsored, they were more likely to have a conclusion that favoured the industry sponsor," Bero said. This latest paper [follows] Bero's previous study which found nutrition studies funded by artificial sweetener companies are more likely to lead to favourable results. So, what happens if more industry sponsored nutrition studies are proven to be biased? "If you look at other areas where the effects of industry sponsorship have been shown, like in the pharmaceutical research area and the tobacco research area, people have actually applied more consistent quality criteria," Bero said. "You'd also want to try to make sure that all the data is being published. In the nutrition area they don't have things like clinical trial registries like they do for drug studies, for example. So if you have a study that's unfavourable or parts of it are unfavourable, it's hard to tell if ... all of it has gotten published. That's a huge bias in the pharmaceutical and tobacco studies."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the food system and in the scientific community.

A doll called My Friend Cayla listens a little too well, according to German regulators who say the toy is essentially a stealthy espionage device that shares what it hears and is also vulnerable to takeover by third parties. "Cayla ist verboten in Deutschland," says Jochen Homann, the president of Germany's Federal Network Agency (the Bundessnetzagentur), announcing a ban on the doll in Germany on Friday. His agency oversees electronic privacy as part of its telecommunications mandate. Cayla looks like an everyday doll and gives no notice that it collects and transmits everything it hears - in this case, to [Nuance], a voice-recognition company in the U.S. whose other customers include intelligence agencies. The My Friend Cayla doll remains for sale in the U.S., including via Amazon. Much of what the German agency says echoes the concerns of privacy and consumer advocates in the U.S., who filed a complaint against Cayla during the recent Christmas shopping season. They criticized the scope of what the Internet-connected toy captures, as well as the vulnerabilities it poses for users who link the doll with their smartphones. Consumer groups have also criticized the doll for its habit of praising commercial products, in what's often seen as a stealth marketing campaign that targets children. "For example, Cayla will happily talk about how much she loves different Disney movies," Norway's Consumer Council says. "Meanwhile, the app-provider has a commercial relationship with Disney."

Note: The use of artificial intelligence in a new Barbie doll generated controversy in 2015, while a New York Times article from that same year called "smart objects" a "train wreck in privacy and security". For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy.

Spain’s National Court is summoning the former heads of Spain’s central bank and the stock market watchdog to be questioned for failing to stop the disastrous flotation of a savings bank that had to be bailed out. Eight officials, including former Bank of Spain governor Miguel Angel Fernandez Ordonez and Julio Seguro, the former president of market regulator CNMV, allegedly failed to stop Bankia’s listing in 2011 despite “repeated warnings” the bank was “unviable,” according to an investigation led by the court’s magistrates. Created by merging the assets of seven struggling Spanish banks, Bankia offered shares in an initial public offering in July 2011 and initially reported a profit for the year of 309 million euro ($327 million.) Months later, it amended its statements to show a 3 billion euro loss. The lender was nationalized in 2012 after a rescue that cost Spanish taxpayers around 22 billion euros ($23 billion). Former International Monetary Fund chief Rodrigo Rato stepped down as chairman of Bankia at the time of the IPO. Rato since has been investigated in separate, but related cases of alleged corruption. Internal central bank reports made clear the savings bank’s “severe and growing problems of profitability, liquidity and solvency,” a court order issued Monday stated.

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

Wells Fargo branches across the country deliberately targeted “undocumented immigrants” to open savings and checking accounts in order to meet aggressive sales goals, according to court documents. In sworn declarations obtained by ... attorney Joseph Cotchett, former employees describe a scheme in which Spanish-speaking colleagues would visit places they knew were frequented by immigrants (including construction sites and a 7-Eleven), drive them to a branch and persuade them to open an account. Some employees would give the immigrants $10 apiece to start an account. The alleged scheme ... raises fresh questions about whether bank employees merely deceived customers by opening accounts in their names - or further crossed a line. Under federal law, banks must verify the identities of customers. Given Wells Fargo’s well-documented rush to hit sales goals, experts say it’s quite possible that employees did not follow procedures. In any case, targeting immigrants to hit sales goals should have raised red flags. The documents were filed Wednesday as part of a shareholder lawsuit filed ... in San Francisco Superior Court against Wells Fargo’s top executives. Last year, the San Francisco banking giant admitted that thousands of employees created up to 2 million fraudulent accounts in the names of real consumers without their consent. Wells Fargo ultimately fired CEO John Stumpf and paid $185 million in fines.

Note: Read more about the massive fraud perpetrated by Wells Fargo. For more along these lines, see concise summaries of deeply revealing banking corruption news articles from reliable major media sources.

Public money and public universities boost Big Pharma’s profits, so shouldn’t the public be able to afford the drugs? Almost 1 in 2 people used a prescription drug in the past month, and more than 1 in 5 used three or more. As the population ages and deals with more chronic diseases like diabetes, heart disease and depression, the percentage of people needing prescription medicines is growing. But what really sets us apart is how much they cost. Medicines in the US cost 2 to 6 times more than the rest of the world. 1 in 5 Americans - 35 million people - do not get their prescriptions filled because they don't have enough money. Big Pharma says high prices are necessary to invest in breakthrough research. But corporations don't actually do much of that, [and] have shifted money away from new-drug research to quick-profit minor variations on proven moneymakers. So who funds new-drug and breakthrough-drug research? Taxpayers. 84% of new-drug research is funded by the government. The public also subsidizes drug research through generous R&D tax credits. Using public research (plus charging high prices) gives corporations big profits. Drug companies' annual stock returns are twice the standard.

Note: A comprehensive infographic showing Big Pharma's preferential treatment by US regulators can be found at the link above. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the pharmaceutical industry.

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.