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 world cannot rely solely on free markets to deliver medicines needed by billions of people in poor countries, so governments should commit to a legally binding convention to coordinate and fund research and development. That's the conclusion of a major United Nations report. The high-level panel was set up last year by UN Secretary-General Ban Ki-moon to find solutions to the "policy incoherence" between the rights of inventors, international human rights law, trade rules and public health needs. The final report ... calls for a de-linkage of R&D costs and drug prices — at least in areas where the system is failing, such as tropical diseases and the hunt for new antibiotics against "superbug" resistant bacteria. The report attacks the "implicit threats" it says are sometimes used by Western governments and companies to stop poorer countries from exercising their right to over-ride drug patents under World Trade Organization rules. That may not go down well in Washington, given the United States' long-standing defence of the international intellectual property system, which has governed world trade for more than two decades. The panel also calls for greater transparency on the true cost of developing a new drug, citing estimates of anything between $150 million US and $4 billion US per medicine. And it wants disclosure on the real prices paid by insurers and governments for drugs, after discounts. The UN panel consisted of representatives from government, academia, health activism and industry.

Note: Big Pharma has long lobbied for protection of its rights to huge profits from new medicines and kept secret its costs for R&D by refusing to separate these costs from marketing costs. For lots more, read a profoundly revealing essay by the former head of one of the most prestigious medical journals in the world. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and income inequality.

Donald Trump, the man who positioned himself as the common man's shield against Wall Street, signed a series of orders today calling for reviews or rollbacks of financial regulations. Before he ordered a review of both the Dodd-Frank Act and the fiduciary rule requiring investment advisors to act in their clients' interests, [Trump met] with leading CEOs, including JPMorgan's Jamie Dimon, Blackstone's Steve Schwarzman, and BlackRock's Larry Fink. Former Goldman honcho Gary Cohn [is] Trump's chief economic advisor. It would be hard to put together a group of people less sympathetic to the non-wealthy. The two primary disasters in American history this century ... have been 9/11 and the 2008 financial crisis, which cost 8.7 million people their jobs and may have destroyed as much as 45 percent of the world's wealth. The response to 9/11 we know: major military actions all over the world, plus a radical reshaping of our legal structure, with voters embracing warrantless surveillance, a suspension of habeas corpus, even torture. But the crisis response? Basically, we gave trillions of dollars to bail out the very actors who caused the mess. Now ... we've triumphantly put those same actors back in charge. These egomaniacal Wall Street titans want ... to get rid of the fiduciary rule, because they don't think it's anyone's business if they choose to bet against their clients (as Cohn's Goldman famously did), or overcharge them, or otherwise screw them.

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

As a social worker, Susannah Rose referred clients with cancer to patient advocacy groups she trusted to dispense unbiased advice - until she heard the groups might be taking money from pharmaceutical companies. So she set out to investigate. Two-thirds of patient advocacy organizations reported receiving industry funding, Rose, now a bioethicist, finds in a new study. Her research was published ... in JAMA Internal Medicine along with other studies showing a host of ways pharmaceutical manufacturers appear to pay for influence. Rose and her colleagues identified 7,865 patient advocacy organizations in the U.S., most involving cancer and rare or genetic disorders. They surveyed a random sample of the organization's leaders. More than 67 percent of 245 patient advocacy groups reported receiving industry funding in the past year. Of those, nearly 12 percent reported that more than half their funding came from industry. When the U.S. Centers for Disease Control and Prevention drafted guidelines for prescribing opioids for chronic pain in an effort to curtail a growing epidemic of abuse of the painkillers in 2015, nonprofit organizations stepped in to challenge the effort. The CDC postponed releasing the guidelines and solicited public comments for 30 days. Opioid manufacturers gave money to 45 of 158 patient advocacy and professional organizations that commented on the proposed guidelines. Organizations with funding from opioid manufacturers were significantly more likely to oppose them, researchers found.

Note: It's interesting to note that apparently no other major media picked up this Reuters article. Drug company executives have recently been caught bribing doctors to over-prescribe opioids, and ex-DEA official has publicly accused Congress of helping drug makers avoid responsibility for their role in the US opioid epidemic. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

Trump Takes Aim At Dodd-Frank, Investor Protections Rule In Executive Action
February 3, 2017, NPR
http://www.npr.org/2017/02/03/513224023/trump-to-take-aim-at-dodd-frank-investor...

President Trump signed two directives on Friday, ordering a review of financial industry regulations known as Dodd-Frank and halting implementation of a rule that requires financial advisers to act in the best interests of their clients, according to a senior administration official who briefed reporters on condition of anonymity. Trump himself made his intentions clear. "Dodd-Frank is a disaster," Trump said. "We're going to be doing a big number on Dodd-Frank." These executive actions are the start of a Trump administration effort to reverse or revise financial regulations put in place by the Obama administration. [One] directive will instruct the Treasury secretary to meet with the agencies that oversee the law to identify possible changes. It isn't clear yet how long the review would take, but the official says every aspect of the law will be considered. A second directive would call on the Department of Labor to defer implementation of an Obama-era rule, known as the Fiduciary Rule, requiring financial advisers to act in the best interests of their clients in retirement planning. The deadline for implementation was supposed to be April. Backers of the rule say it will prevent advisers from gouging customers by selling them inappropriate, high-fee products. This rule has been heavily lobbied. Dodd-Frank, passed in 2010, [was intended] to implement comprehensive safeguards to monitor and regulate financial institutions so their potential failures would not pose a risk to the entire economy.

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

Monsanto Co. and officials within the Environmental Protection Agency are fighting legal efforts aimed at exploring Monsanto’s influence over regulatory assessments of the key chemical in the company’s Roundup herbicide, new federal court filings show. The revelations are contained in a series of filings made ... as part of litigation brought by more than 50 people suing Monsanto. The plaintiffs claim they or their loved ones developed non-Hodgkin lymphoma (NHL) after exposure to Roundup herbicide, and that Monsanto has spent decades covering up cancer risks linked to the chemical. Lawyers for the plaintiffs want the court to lift a seal on documents that detail Monsanto’s interactions with former top EPA brass Jess Rowland regarding the EPA’s safety assessment of glyphosate, which is the key ingredient in Roundup. They also want to depose Rowland. But Monsanto and the EPA object to the requests. The World Health Organization’s International Agency for Research on Cancer (IARC) declared in March 2015 that glyphosate is a probable human carcinogen, with a positive association found between glyphosate and NHL. Monsanto has been fighting to refute that classification. Rowland has been key in Monsanto’s efforts to rebut the IARC finding. He chaired the EPA’s Cancer Assessment Review Committee (CARC) that issued an internal report in October 2015 contracting IARC’s findings. That 87-page report, signed by Rowland, determined that glyphosate was “not likely to be carcinogenic to humans.”

Note: The negative health impacts of Monsanto's Roundup are well known. More lawsuits are building over Monsanto's lies to regulators and the public about the safety of glyphosate. Yet the EPA used industry studies while ignoring independent studies to declare Roundup safe. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

Important Note: WantToKnow.info manager Fred Burks watched the CBS news video at the link above one day after it was posted. Two days later, Fred clicked on the same link only to find the video there had been replaced with one titled "Why Reports on Trump Are Fake News." The original video was gone. This is unprecedented and suggests someone did not want you to see this video. Fred managed to download the video before it disappeared. You can watch it now on this webpage.

What exactly is Pizzagate? [It began with] the WikiLeaks release of hacked emails from Clinton campaign chairman John Podesta. [Some emails suggest] Podesta may be part of a child sex trafficking ring. Podesta talks about his close relationship with Dennis Hastert, the former Speaker of the House who was recently sentenced to 15 months in prison for abusing boys. To be clear, not one single email … discusses child sex trafficking. But there are dozens of ... strangely worded emails dealing with pizza. Those words [may be] code language used by pedophiles. Comet Ping Pong Pizza [is referenced] at least a dozen or so times. The owner of that place, James Alefantis, is a friend of John Podesta. He was actually named ... by GQ magazine as one of the top 50 most powerful people in Washington. Comet Ping Pong ... is a place where a number of performance artists perform [including] a group called Heavy Breathing and another called Sex Stains. Heavy Breathing has songs that do joke about pedophilia. [Alefantis] has made his Instagram profile private, but an archive search of Instagram reveals a number of strange photographs and words with ... disturbing images. According to the Washington Post, visitors to [John's brother] Tony Podesta's home in Falls Church "got an eye full when they walked into a bedroom ... hung with multiple color pictures by Katy Grannan, a photographer known for documentary style pictures of naked teenagers in their parents’ suburban homes." That just begins to scratch the surface of how strange some of the stuff is.

Note: Explore the retrieved Instagram account of James Alefantis and you will understand why this is so important. Read what may be the most level-headed exploration of Pizzagate. For undeniable evidence of powerful child prostitution rings leading to the highest levels of government, watch the suppressed Discovery Channel documentary "Conspiracy of Silence." An excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" also covers a pedophile ring in the UK which leads to the highest levels of government. See also news articles on sex abuse scandals.

History-altering numbers of people have grown enraged at the economic elite and their tendency to hog the spoils of globalization. The people gathered ... in the Swiss Alps for the annual World Economic Forum have noticed this. They are the elite, [and] they are eager to talk about how to set things right, soothing the populist fury by making globalization a more lucrative proposition for the masses. Myriad panel discussions are focused on finding the best way to “reform capitalism,” make globalization work and revive the middle class. What is striking is what generally is not discussed: bolstering the power of workers to bargain for better wages and redistributing wealth from the top to the bottom. “That agenda is anathema to a lot of Davos men and women,” said Joseph E. Stiglitz, a Nobel laureate economist. “The stark reality is that globalization has reduced the bargaining power of workers, and corporations have taken advantage of it.” The Davos elites have enjoyed outsize influence over economic policies in recent decades as a growing share of wealth has, perhaps not coincidentally, landed in the coffers of people with a need for bank accounts in the British Virgin Islands, while poor and middle-class households have seen their earnings stagnate and decline. Yet the solutions that have currency seem calculated to spare corporations and the wealthiest people from having to make any sacrifices at all, as if there is a way to be found to tilt the balance of inequality while those at the top hang on to everything they have.

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

On a salary of $16,200 a year ... credit union manager [Lawrence E. King Jr. spent] $10,000 a month on limousines. His credit card charges topped $1 million. King threw a $100,000 party for 1,000 close friends at the Republican National Convention. A federal jury this summer will decide whether King, 45, is guilty as charged of looting $38 million from the Franklin Community Federal Credit Union. Last week, a county grand jury ... began sifting through allegations tying King to a child prostitution and exploitation ring that reputedly catered to some of Omaha's most respected burghers. The sexual allegations [are based on] reports from half a dozen young people who reportedly have described being auctioned like love slaves, flown to the coasts for wild parties, or plied with drugs and alcohol as part of a bisexual bacchanal. "They appear credible to me," said state Sen. Loran Schmit, chairman of the legislative committee appointed to investigate the scandal. King liked to share the wealth ...with his young male friends. [He] gave a $2,800 deerskin coat and 18-karat gold bracelet to 29-year-old Charlie Rogers, who later blew his own brains out with a shotgun. Another young man [claimed] King "wanted to own you – a sugar daddy thing." Yet the lawmen who were investigating "did nothing," despite the fact that one witness passed four polygraph tests. John DeCamp, the former state senator [wrote a memo] alleging that "the most powerful and rich public personalities of the state are central figures in the investigation."

Note: This scandal is the tip of the iceberg on a pedophilia ring that reaches to the highest levels of government. Learn about and watch the suppressed Discovery Channel documentary "Conspiracy of Silence" for solid, undeniable evidence of this. For more along these lines, see concise summaries of deeply revealing sex abuse news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Mind Control Information Center for how this is all manipulated and kept quiet.

Anti-vaccine rant exposes conflict over hospitals’ embrace of alternative medicine
January 9, 2017, Boston Globe/Statnews.com
https://www.bostonglobe.com/news/science/2017/01/09/anti-vaccine-rant-exposes...

In the span of a few days, the anti-vaccine screed of a Cleveland Clinic doctor prompted a social media firestorm, an apparent retraction from the physician, and promises of disciplinary action by administrators of his prestigious hospital system. The anti-vaccine column that triggered the weekend’s outcry was written by Dr. Daniel Neides, director and CEO of the Cleveland Clinic’s Wellness Institute, which advertises homeopathic remedies and alternative weight loss and pain management treatments. In his commentary posted on Cleveland.com, Neides, who is a family doctor, said that preservatives and other ingredients in vaccines are dangerous and are likely behind the increase in diagnosed cases of neurological diseases such as autism. “Does the vaccine burden - as has been debated for years - cause autism? I don’t know and will not debate that here. What I will stand up and scream is that newborns without intact immune systems and detoxification systems are being over-burdened with preservatives and adjuvants in the vaccines,” he wrote. Adjuvants are added to vaccines to prompt a stronger immune response. Neides issued an apology and apparent retraction on Sunday, saying in a statement released by the Cleveland Clinic: “I fully support vaccinations and my concern was meant to be positive around the safety of them.”

Note: It is highly unusual that at the time of writing this, the above Boston Globe link automatically forwards to another website. The lack of willingness to entertain the wealth of documented evidence of vaccines dangers by the media is astounding. See the original article on this webpage and note how this very respected physician is being ridiculed by so many who parrot the official line about vaccine safety. For more along these lines, see concise summaries of deeply revealing vaccine controversy news articles from reliable major media sources.

Paraquat, one of many pesticides that can’t be used in Europe but is sold in the United States and elsewhere, has been linked to Parkinson’s disease in a growing body of research. The [paraquat factory in Huddersfield, England] recently celebrated its centennial. Paraquat [is] one of the world’s most enduring weed killers - but not one that can be purchased in ... Britain or across the Channel in the rest of the European Union. So it will be sent to the United States, or another part of the globe that still allows paraquat to be sprayed on weeds. Now regulators in the United States are grappling with a wave of research linking paraquat to ... Parkinson’s disease. In a recent ... regulatory filing, the Environmental Protection Agency said, “There is a large body of epidemiology data on paraquat dichloride use and Parkinson’s disease.” The agency is weighing whether to continue allowing the chemical to be sprayed on American cropland, although a decision is not expected until 2018. In the meantime, many of the nations that ban paraquat and other chemicals whose use is contentious still allow them to be manufactured as long as they are exported to faraway fields. Even the government of China, a nation not known for environmental regulation, said in 2012 that it would phase out paraquat “to safeguard people’s lives.” As Europe and China move away from paraquat, its use is rebounding in the United States. That is particularly true for soybean fields, where the number of pounds used is up more than fourfold over the past decade.

Note: Paraquat is manufactured by Syngenta, a Swiss company known for manipulating international trade deals. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

You are undoubtedly familiar with so-called “sharing economy” titans such as Uber and Airbnb. Both companies are wreaking havoc on existing business models. But there is a problem. These are not truly “sharing economy” companies. For the record, I’m with Harvard Business Review authors Giana M. Eckhardt and Fleura Bardhi who made a strong case against using the term “sharing economy” when it comes to firms like Uber and Airbnb. The authors suggested these sorts of businesses - where products and services are traded on the basis of access rather than ownership, when trade is done temporarily and not permanently - ought to be referred to as the “access economy.” While there isn’t anything fundamentally wrong with companies like Uber or Airbnb ... they are not examples of organizations who are truly “sharing”. [Each company] extracts money from its “partners” and reinvests the profit in itself, not those who are its laborers. Which brings me to ... the business model of a “Platform Cooperative.” In its simplest form, a Platform Cooperative is defined as “worker–owned cooperatives designing their own apps-based platforms, fostering truly peer-to-peer ways of providing services and things”. Put differently, those doing the work are owners and are both compensated for such effort and regarded as members of the greater team. A Platform Cooperative is not in it to extract money from its labourers through the rental of talent, service or even capital. Its business model is not about renting access.

Note: Read a great article describing 11 "platform cooperatives" which create a real sharing economy.

In an astonishing media tour following her resignation from CBS News last spring, correspondent Sharyl Attkisson sat before interviewers ranging from radio host Chris Stigall to CNN media correspondent Brian Stelter and launched attacks on her newly former employer. “With various stories, you do get the idea at some point that they want you to stop, especially if you start to dig down right into something very, very important. And it’s not just with political stories - it’s with stories that go after other interests, corporations, different things,” Attkisson told Stigall. Perhaps the most spectacular allegation against Attkisson’s former employer relates to influence by corporate interests on the news product. Despite the hassles, Attkisson and her colleagues plow ahead with such stories. Until she catches wind that the bureau chief has requested to see her notes on a story about “an American Red Cross disaster response.” After Attkisson complains that it’s inappropriate to ask to see the notes, the bureau chief says, “I know. I don’t know what else to do.” Discouragement of Attkisson’s reporting, confesses the bureau chief, comes from powerful forces within CBS News. “We must do nothing to upset our corporate partners,” says the bureau chief, per [Attkisson's book] “Stonewalled.”

Note: There is much more to this story. Please read the analysis of top independent reporter Jon Rappoport on this webpage showing how sharp investigative reporters who threaten the powers that be are forced out, as Attkisson was. And watch Attkisson give a Tedx Talk on how the public is deceived in dangerous ways be powerful corporations and interests. For more along these lines, see concise summaries of deeply revealing media manipulation news articles from reliable sources.

A bipartisan coalition of lawmakers is rushing to finalize a new healthcare law that would overhaul the Food and Drug Administration (FDA). The bill, called the 21st Century Cures Act, is also a huge win for lobbyists: 1,455 lobbyists, working on behalf of 400 different healthcare companies, medical device makers and research institutions weighed in on the 900 pages of regulatory tweaks and research grants. Originally conceived as a bill to boost research ... pro-industry groups have used the bill as a vehicle to achieve their long standing legislative agenda. It effectively makes it easier for drug companies and medical device manufacturers to get FDA approval for their products without demonstrating that consumer safety has been taken into account. Consumer advocates are particularly concerned with several provisions that make it much easier for pharmaceutical companies to bypass stringent testing requirements to market and sell drugs for multiple uses. Currently, if a company wanted to sell a drug to treat more than one ailment, it must conduct randomized scientific trials showing the product does indeed work for each separate illness it's marketed for. The 21st Century Cures Act lowers that threshold. The bill also frees pharmaceutical companies to work with insurance companies to promote off-label uses for their drugs and creates a new category of ... medical devices which qualify for expedited regulatory approval. The lawmakers who introduced the measure are bankrolled by the healthcare industry.

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

Every year, more restaurants and food companies announce that they will sell only meat produced with minimal or no use of antibiotics. And every year, despite those pledges, more antibiotics are administered to the nation's swine, cattle and poultry. According to the latest figures, released this week by the U.S. Food and Drug Administration, antibiotic sales for use on farm animals increased by 1 percent in 2015, compared to the previous year. The increase was slightly greater – 2 percent — for antibiotics used as human medicine. The FDA and other public health agencies have been pushing farmers to rely less on these drugs. Heavy use of antibiotics both in human medicine and in agriculture has led to the emergence of drug-resistant bacteria, complicating the task of treating many infections. But the FDA finds a glimmer of good news in the latest figures, pointing out that the rate of increase has slowed. In the previous year, antibiotic use had increased by 4 percent, and a total of 22 percent from 2009 to 2014.

Note: For more along these lines, see concise summaries of deeply revealing news articles about food system corruption and health

For nearly two decades, the Bureau of Prisons has contracted with a handful of private companies to incarcerate thousands of non-U.S. citizens. Held in a dozen so-called “criminal alien requirement” prisons ... the inmates in private custody are, for the most part, locked up for immigration offenses or drug violations. CAR facilities have ... a track record of abuse and neglect. In August, it seemed that years of pressure [from advocacy organizations] had finally paid off, when the Justice Department announced it would begin phasing out private prisons. Under the DOJ directive, the facilities ... would see their contracts reduced or allowed to expire without renewal and the inmates in their custody transferred. Within hours of the announcement, the stocks of industry heavyweights Corrections Corporation of America and the GEO Group plummeted more than 35 percent. The momentum was short-lived. On November 9, as it became clear that Donald Trump had defeated Hillary Clinton in the race for the presidency, Fortune declared private prisons “the biggest (stock market) winner in Trump’s victory,” noting a 49 percent surge in CCA stock. In the weeks that followed, Trump would tap Jeff Sessions as his choice for attorney general. Not only could Sessions ... undo the DOJ’s directive, but the plans promoted by Trump and his advisers threaten to drastically increase the number of people held by companies that have repeatedly demonstrated the conflict of profit motive when it comes to depriving people of physical liberty.

Note: Read the complete article above for a detailed account of the substandard conditions at a CCA facility which led to inmate and corrections officer deaths. For more along these lines, see concise summaries of deeply revealing prison system corruption news articles from reliable major media sources.

A wide-ranging investigation into generic drug prices took its most significant turn yet on Thursday, as state attorneys general accused two industry leaders, Teva Pharmaceuticals and Mylan, and four smaller companies of engaging in brazen price-fixing schemes - and promised that more charges were coming. A civil complaint filed by 20 states accuses the companies of conspiring to artificially inflate prices on an antibiotic and a diabetes drug, with executives coordinating through informal industry gatherings and personal calls and text messages. Officials said the case was a small example of broader problems in the drug business. “We believe that this is just the tip of the iceberg,” George C. Jepsen, Connecticut’s attorney general, whose office started the inquiry that led to the charges, said. “I stress that our investigation is continuing, and it goes way beyond the two drugs in this lawsuit, and it involves many more companies than are in this lawsuit.” The complaint on Thursday describes a cozy industry culture defined by regular dinners and social outings, and argues that those events often cross the line to violate antitrust rules. Generic drug makers hoping to begin selling a new drug first seek out rivals, the suit says, in hopes of reaching an agreement on how to maintain market share and avoid competing on price. “These agreements had the effect of artificially maintaining high prices for a large number of generic drugs and creating an appearance of competition when in fact none existed,” the lawsuit says.

Note: A separate anti-trust investigation into Mylan was recently launched in New York over price-fixing on public school EpiPen contracts. For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

FBI agents arrested former Insys Therapeutics CEO Michael Babich and five other former company executives on Thursday for allegedly bribing doctors to prescribe an extremely addictive opioid painkiller to patients who didn’t need it. The Department of Justice (DOJ) alleges that the executives took part in a “nationwide conspiracy” to give healthcare providers kickbacks in exchange for the improper prescribing of Subsys - an opioid medication containing the highly addictive substance fentanyl, which is considered even more dangerous than painkillers like Vicodin. Subsys is meant to provide pain relief to cancer patients who are going through particularly excruciating pain episodes. It’s reserved for these neediest of patients due to its potency and addictive qualities. But federal prosecutors allege that Babich and his co-conspirators doled out kickbacks to doctors who prescribed the drug even to non-cancer patients, and even set up a special “reimbursement unit” to sway insurance companies and pharmacy benefits managers to provide coverage for these non-authorized uses. The charges range from racketeering to conspiracy to mail and wire fraud. The FBI’s actions come in the wake of a newly invigorated federal effort to tackle the prescription painkiller epidemic, which has claimed the lives of more than 165,000 Americans since 1999.

Note: These charges come on the heels of an ex-DEA official's public accusation that Congress has been helping drug makers avoid responsibility for their role in the US opioid epidemic. How many deaths and ruined lives are being caused by greedy executives and the politicians in their pockets? For more along these lines, see concise summaries of deeply revealing Big Pharma corruption news articles from reliable major media sources.

San Francisco’s Wells Fargo set up an incentivized system of rewards and punishments for its staff at every level that led to the creation of phony accounts and illicit fees being charged to millions of customers. Yet Wells Fargo ... refused to appear before my state Senate committee last month and has sidestepped federal regulators and inquiries. The last company to conduct itself in such a way before a California legislative committee was Enron. These criminal activities affected up to 2 million accounts - nearly 900,000 in California alone. The financial cost to consumers was in the millions of dollars, and the loss in trust is untold. Wells Fargo knew it had a problem - firing more than 1,000 employees a year for five years is testament to that. Yet, it took no effective steps to stop the fraud. These weren’t just low-level employees. After my staff pressed them, Wells now says that of the 5,300 staff fired for unethical sales practices, 480 were bank branch managers or higher. An untold number of managers continue to work at the bank despite the fact that they engaged in fraudulent behavior. Wells Fargo has begun to make amends by entering into a settlement agreement with local and federal regulators, paying $185 million in fines. It also has retained an outside accounting firm to audit accounts to identify and fully reimburse every customer for any fees associated with an unauthorized account. Wells Fargo must come clean on how pervasive this scheme was.

Note: The above was written by Steve Glazer, chairman of the California Senate Banking and Financial Institutions Committee. 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.

Law enforcement officials announced last spring that they were pursuing fraud investigations against the world’s largest oil company, ExxonMobil. “Fossil fuel companies ... deceived investors and consumers about the dangers of climate change,” [Attorney General Maura] Healey said at the time. Now those words are being used against Healey, in a lawsuit filed by ExxonMobil. In a stunning offense-is-the-best-defense legal strategy, the company is ... saying the Massachusetts Democrat’s investigation violates their free speech and other constitutional rights. In its legal battle to shut down her investigation, ExxonMobil has demanded that she testify about her efforts and provide documents from her office. Healey contends the corporate response is unprecedented: Not only is [ExxonMobil] refusing to comply, it is demanding an investigation of the investigating agency. “They took the tack of trying to shut down this investigation by suing us,” she said. When Healey issued subpoenas seeking ExxonMobil’s documents on climate change dating to the 1970s, she was “abusing the power of government to silence a speaker she disfavors,” lawyers for ExxonMobil wrote in their June lawsuit against her, alleging a violation of the company’s rights. And they criticized the stories that prompted the investigation: Reports published in 2015 ... suggested ExxonMobil had encouraged climate change confusion for years, despite its own research documenting the risks.

Note: Read more on Exxon Mobile's climate change deceptions. For more along these lines, see concise summaries of deeply revealing news articles on global warming and corporate corruption.

The sugar industry paid scientists in the 1960s to play down the link between sugar and heart disease and promote saturated fat as the culprit instead, newly released historical documents show. The internal sugar industry documents ... published Monday in JAMA Internal Medicine, suggest that five decades of research into the role of nutrition and heart disease, including many of today’s dietary recommendations, may have been largely shaped by the sugar industry. A trade group called the Sugar Research Foundation ... paid three Harvard scientists the equivalent of about $50,000 in today’s dollars to publish a 1967 review of research on sugar, fat and heart disease. The studies used in the review were handpicked by the sugar group, and the article, which was published in the prestigious New England Journal of Medicine, minimized the link between sugar and heart health and cast aspersions on the role of saturated fat. The food industry has continued to influence nutrition science. For many decades, health officials encouraged Americans to reduce their fat intake, which led many people to consume low-fat, high-sugar foods that some experts now blame for fueling the obesity crisis. Today, the saturated fat warnings remain a cornerstone of the government’s dietary guidelines, though in recent years the American Heart Association, the World Health Organization and other health authorities have also begun to warn that too much added sugar may increase cardiovascular disease risk.

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

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.