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Corporate Corruption News Articles
Excerpts of Key Corporate Corruption News Stories in Major Media


Below are highly revealing excerpts of important corporate corruption news stories reported in the media that suggest a major cover-up. Links are provided to the full stories on their major media websites. If any link fails to function, read this webpage. These corporate corruption news stories are listed by date posted to this webpage. You can explore the same articles listed by order of importance or by article date. By choosing to educate ourselves on these important issues and to spread the word, we can and will build a brighter future.

Note: This comprehensive list of corporate corruption 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.


Stop Making Us Guinea Pigs
2015-03-25, New York Times
http://www.nytimes.com/2015/03/25/opinion/stop-making-us-guinea-pigs.html?_r=0

The issues surrounding G.M.O.s - genetically modified organisms - became more complicated last week when the International Agency for Research on Cancer declared that glyphosate, the active ingredient in the widely used herbicide Roundup, probably causes cancer in humans. Two insecticides, malathion and diazinon, were also classified as "probable" carcinogens by the agency, a respected arm of the World Health Organization. Roundup, made by Monsanto for both home and commercial use, is crucial in the production of genetically engineered corn and soybean crops, so it was notable that the verdict on its dangers came nearly simultaneously with an announcement by the Food and Drug Administration that new breeds of genetically engineered potato and apple are safe to eat. Few people are surprised that an herbicide in widespread use is probably toxic at high doses or with prolonged exposure, circumstances that may be common among farmers and farmworkers. Nor is it surprising that it took so long - Roundup has been used since the 1970s - to discover its likely carcinogenic properties. There is a sad history of us acting as guinea pigs for the novel chemicals that industry develops. To date, G.M.O.s and other forms of biotech have done nothing but enrich their manufacturers and promote a system of agriculture that's neither sustainable nor for the most part beneficial. We don't need better, smarter chemicals along with crops that can tolerate them; we need fewer chemicals. There's no reason to put the general population, and particularly the farming population, at risk for the sake of industry profits.

Note: Monsanto's Roundup and the GMO crops that support its use are well-known by scientists to be a threat to public health. For more, see concise summaries of deeply revealing news articles on GMO risks and how these are covered up.


GMO Science Deniers: Monsanto and the USDA
2015-03-20, Huffington Post
http://www.huffingtonpost.com/andrew-kimbrell/gmo-science-deniers-monsanto-an...

For decades, Monsanto and its enablers inside the USDA have denied the central tenets of evolutionary biology, namely natural selection and adaptation. Since the early 1980s, Monsanto has endlessly hyped genetically engineered (GE) crops they claim could reduce hunger, reduce pesticide use, and survive droughts. In reality, no such "miracle" crops exist. No significantly greater yielding crops, no more effective drought resistance crops. And ... around 85 percent of all genetically engineered crops in the United States and around the world have been engineered to withstand massive doses of herbicides, mostly Monsanto's Roundup. Each year 115 million more pounds of Roundup are spread on our farmlands because of these altered crops. Wouldn't that massive increase in Roundup use over that huge a portion of our cropland cause some weed populations to develop resistance? Of course. As a result, in less than 20 years, more than half of all U.S. farms have some Roundup resistant "superweeds," weeds that now infest 70 million acres of U.S farmland. A science-based, and safer, way forward is to ... use ecologically based weed control. There are proven organic and agroecological approaches that emphasize weed management rather than weed eradication, soil building rather than soil supplementing. Crop rotation and cover crops can return productive yields without ridding the land of genetic biodiversity, and could reduce herbicide use by 90 percent. So it's long past due that our government required real and rigorous science when regulating GE crops.

Note: Read more about how GMO technology has backfired, producing new "superweeds" and "superbugs" that threaten crop production. For more, see concise summaries of deeply revealing news articles on GMO risks and how these are covered up.


Trans-Pacific Partnership Seen as Door for Foreign Suits Against U.S.
2015-03-25, New York Times
http://www.nytimes.com/2015/03/26/business/trans-pacific-partnership-seen-as-...

An ambitious 12-nation trade accord pushed by President Obama would allow foreign corporations to sue the United States government for actions that undermine their investment "expectations" and hurt their business, according to a classified document. The Trans-Pacific Partnership - a cornerstone of Mr. Obama's remaining economic agenda - would grant broad powers to multinational companies operating in North America, South America and Asia. Under the accord ... companies and investors would be empowered to challenge regulations, rules, government actions and court rulings ... before tribunals organized under the World Bank or the United Nations. The chapter in the draft of the trade deal, dated Jan. 20, 2015, [was] obtained by The New York Times in collaboration with the group WikiLeaks. [Its] cover mandates that the chapter not be declassified until four years after the Trans-Pacific Partnership comes into force or trade negotiations end, should the agreement fail. Under the terms of ... chapter, foreign investors could demand cash compensation if member nations "expropriate or nationalize a covered investment either directly or indirectly." Opponents fear "indirect expropriation" will be interpreted broadly, especially by deep-pocketed multinational companies opposing regulatory or legal changes that diminish the value of their investments. In 2013, Eli Lilly took advantage of a similar provision under Nafta to sue Canada for $500 million, accusing Ottawa of violating its obligations to foreign investors by allowing its courts to invalidate patents for two of its drugs.

Note: The above article further clarifies why the TPP is a pending disaster. For more, see this article, or watch the two minute video Former US Secretary of Labor Robert Reich made to educate the public about the dangers of the TPP.


'God's Bankers,' by Gerald Posner
2015-03-20, New York Times
http://www.nytimes.com/2015/03/22/books/review/gods-bankers-by-gerald-posner....

"God's Bankers" provides an exhaustive history of financial machinations at the center of the church in Rome. The final unification of Italy in 1870 ... deprived the church of its lands and feudal income, leading to several decades of acute financial insecurity. Popes of this period ... publicly denounced lending money at interest (usury) while at the same time accepting massive loans from the Rothschilds and making their own interest-bearing loans to Italian Catholics. Beginning with Bernardino Nogara, appointed by Pius XI in 1929, the church also empowered a series of often shady financial advisers to engage in financial wheeling and dealing around the globe. "So long as the balance sheets showed surpluses," [author of God's Bankers Gerald] Posner writes, "Pius and his chief advisers were pleased." That pattern would continue through the rest of the 20th century. The American archbishop Paul Marcinkus, [who] ran the Vatican Bank from 1971 to 1989 ... ended up implicated in several sensational scandals. The biggest by far was the collapse of Italy's largest private bank, Banco Ambrosiano, in 1982 - an event preceded by mob hits on a string of investigators looking into corruption in the Italian banking industry. Marcinkus ... also served as a spy for the State Department, providing the American government with "personal details" about John Paul II, and even encouraging the pope "at the behest of embassy officials" to publicly endorse American positions on a broad range of political issues.

Note: The Vatican Bank was implicated in a scheme to smuggle tens of millions of euros out of Switzerland in 2013, and was used to launder money for the mafia as recently as 2012. For more along these lines, see concise summaries of deeply revealing financial industry corruption news articles from reliable major media sources.


Utilities wage campaign against rooftop solar
2015-03-07, Washington Post
http://www.washingtonpost.com/national/health-science/utilities-sensing-threa...

Three years ago, the nation’s top utility executives gathered at a Colorado resort to hear warnings about ... rooftop solar panels. According to a presentation prepared for the group, “Industry must prepare an action plan to address the challenges.” Three years later, the industry and its fossil-fuel supporters are waging a determined campaign to stop a home-solar insurgency that is rattling the boardrooms of the country’s government-regulated electric monopolies. Recently, the battle has shifted to public utility commissions, where industry backers have mounted a ... successful push for fee hikes that could put solar panels out of reach for many potential customers. In a closely watched case last month, an Arizona utility voted to impose a monthly surcharge of about $50 for “net metering,” a common practice that allows solar customers to earn credit for the surplus electricity they provide to the electric grid. Net metering makes home solar affordable by sharply lowering electric bills to offset the $10,000 to $30,000 cost of rooftop panels. A Wisconsin utilities commission approved a similar surcharge for solar users last year, and a New Mexico regulator also is considering raising fees. In some states, industry officials [are now] arguing that solar panels hurt the poor. “It’s really about utilities’ fear that solar customers are taking away demand,” said Angela Navarro, an energy expert with the Southern Environmental Law Center.

Note: In Arizona, traditional utility companies are brazenly manipulating the law to attack solar power installation companies. Meanwhile, the Rockefellers have stopped investing in fossil fuels. Does this mean that the renewable energy revolution is now in full swing?


The untold story of how the sugar industry shaped key government research about your teeth
2015-03-11, Washington Post
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/03/11/the-sneaky-way-the...

The powerful U.S. sugar industry skewed the government's medical research on dental care. Sugar industry leaders advocated for policies that did not recommend people eat less sugar. The government listened, according to a new report published in the journal PLOS Medicine. In the 1960s, amid a national effort to boost cavity prevention, the U.S. government spearheaded a research program, known as the National Caries Program (NCP), which aimed to eradicate tooth decay. But instead of turning to an obvious solution — having people eat less sugar — the government was swayed by industry interests that pushed alternative methods, such as [using] vaccines for fighting tooth decay. [The] committee that was set up by the government to set research priorities for the NCP included many doctors and scientists who were also ... part of another group called the International Sugar Research Foundation, which was established by the sugar industry. Rather than recommending that people reduce sugar intake, government-funded research focused on interventions that wouldn't advise Americans to lower their sweets consumption. For instance, the research encouraged the wider use of fluoride. More recently, the industry attempted to influence the ongoing debate about changes to the Food and Drug Administration's nutrition facts label. One of the key changes currently being mulled is the inclusion of an "added sugar" label, which is meant to communicate how much of any given food's sugar content was added during processing. The industry is vehemently opposed.

Note: "When you take on Big Sugar, you take on a huge political money operation," Rep. Mark Steven Kirk from Illinois said while fighting Big Sugar back in 2007. For more along these lines, see concise summaries of deeply revealing health corruption news articles from reliable major media sources.


Health costs of hormone disrupting chemicals over €150bn a year in Europe, says study
2015-03-06, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/environment/2015/mar/06/health-costs-hormone-disru...

Lower IQ, adult obesity and 5% of autism cases are all linked to exposure to endocrine disruptors found in food containers, plastics, furniture, toys, carpeting and cosmetics, says new expert study. Europe is experiencing an explosion in health costs caused by endocrine-disrupting chemicals (EDCs) that is comparable to the cost of lead and mercury poisoning, according to the most comprehensive study of the subject yet published. Endocrine disruptors are chemicals that interfere with the human hormone system, and can be found in food containers, plastics, furniture, toys, carpeting and cosmetics. The new series of reports by 18 of the world’s foremost experts on endocrine science pegs the health costs of exposure to them at between €157bn-€270bn (Ł113bn-Ł195bn), or at least 1.23% of the continent’s GDP. “The shocking thing is that the major component of that cost is related to the loss of brain function in the next generation,” one of the report’s authors, Professor Philippe Grandjean of Harvard University, told the Guardian. After IQ loss, adult obesity linked to exposure to phthalates, a group of chemicals used in plastics, was the second largest part of the overall cost, with an estimated price tag of €15.6bn a year. The study attributes at least 5% of European autism cases to EDC exposure. “These studies tell a frightening and expensive story equivalent to a €7,500 cost for every man, woman and child in the EU every year,” said Genon Jensen, the director of the Health and Environment Alliance.

Note: Recently, a major report showing the dangers of many common pesticides was suppressed by EU officials. Federal regulators in the US claim to have no data on over 62,000 industrial chemicals that US consumers are exposed to.


U.S. firms stash $2.1T overseas to avoid taxes
2015-03-04, Salt Lake Tribune/Reuters
http://www.sltrib.com/home/2250632-155/us-firms-stash-21t-overseas-to?fullpage=1

Microsoft, Apple, Google and five other tech firms now account for more than a fifth of the $2.10 trillion in profits that U.S. companies are holding overseas, according to a Bloomberg News review of the securities filings of 304 corporations. The total amount held outside the U.S. by the companies was up 8 percent from the previous year. General Electric topped the list for the fifth straight year. The company now has $119 billion outside the U.S., an increase of 8 percent from the end of 2013 and a 27 percent gain since 2010. Microsoft has more than tripled its offshore holdings since 2010. Apple, which counts only part of its non- U.S. holdings as indefinitely held offshore, increased that portion to $69.7 billion from $12.3 billion in 2010. Cisco now has $52.7 billion outside the U.S., up 10 percent since 2013. John Chambers, Cisco's chief executive, said on Bloomberg TV on Feb. 20 that "our tax policy is causing me to make decisions that I don't think is in the interest of our country, or even in our shareholders, long term." The companies owe taxes at the full U.S. corporate tax rate of 35 percent on profits they earn around the world. They get tax credits for payments to foreign governments and don't have to pay the residual U.S. tax until they bring the money home. Obama earlier this year proposed applying a 14 percent mandatory tax on the stockpiled profits and a 19 percent minimum tax on foreign earnings going forward.

Note: U.S. laws now protect corporations as if they are people, but require human people to pay more income tax. For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption.


The Trans-Pacific Partnership clause everyone should oppose
2015-02-25, Washington Post
http://www.washingtonpost.com/opinions/kill-the-dispute-settlement-language-i...

The United States is in the final stages of negotiating the Trans-Pacific Partnership (TPP), a massive free-trade agreement. Who will benefit from the TPP? One strong hint is [a provision] called “Investor-State Dispute Settlement,” or ISDS. Imagine that the United States bans a toxic chemical that is often added to gasoline because of its health and environmental consequences. If a foreign company that makes the toxic chemical opposes the law, it would normally have to challenge it in a U.S. court. But with ISDS, the company could skip the U.S. courts and go before an international panel of arbitrators. If the company won, the ruling couldn’t be challenged in U.S. courts, and the arbitration panel could require American taxpayers to cough up millions — and even billions — of dollars in damages. ISDS could lead to gigantic fines, but it wouldn’t employ independent judges. Instead, highly paid corporate lawyers would go back and forth between representing corporations one day and sitting in judgement the next. If the tilt toward giant corporations wasn’t clear enough, consider who would get to use this special court: only international investors, which are, by and large, big corporations. So if a Vietnamese company with U.S. operations wanted to challenge an increase in the U.S. minimum wage, it could use ISDS. But if an American labor union believed Vietnam was allowing Vietnamese companies to pay slave wages in violation of trade commitments, the union would have to make its case in the Vietnamese courts.

Note: The above article was written by courageous US Senator Elizabeth Warren, and further clarifies why the TPP is a pending disaster.


Let's debate the Trans-Pacific Partnership -- history's largest trade deal -- before OKing it
2015-03-02, Los Angeles Times
http://www.latimes.com/opinion/op-ed/la-oe-reich-trumka-tpp-trade-fast-track-...

This spring, President Obama and Republican leaders in Congress want to use an outdated process used to pass the North American Free Trade Agreement more than 20 years ago — a rule called “fast track” — to force ... passage of the giant Trans-Pacific Partnership, or TPP, trade deal. A fast-tracked TPP would lock in a rigged set of economic rules, lasting potentially forever, before most Americans — let alone some members of Congress — have had a chance to understand it thoroughly. It would be a grave mistake for Congress to authorize fast-tracking this giant trade deal. We now know that NAFTA [has] contributed to the huge U.S. trade deficits. We now import about $500 billion more in goods and services each year than we export. Following NAFTA with the Trans-Pacific Partnership is like turning a bad television show into a terrible movie. As for the problems with the TPP? What's been leaked about its proposals reveals, for example, that the pharmaceutical industry would get stronger patent protections, delaying cheaper generic versions of drugs. The deal also gives global corporations an international tribunal of private attorneys, outside any nation's legal system, that can order compensation for lost expected profits resulting from a nation's regulations, including our own. These extraordinary rights for corporations put governments on the defensive over legitimate public health or environmental rules.

Note: The above article was co-authored by former U.S. Secretary of Labor Robert Reich, and current president of the AFL-CIO Richard Trumka. For more, see this article, or watch the two minute video Robert Reich made to educate the public about the dangers of the TPP.


A Pesticide Banned, or Not, Underscores Trans-Atlantic Trade Sensitivities
2015-02-23, New York Times
http://www.nytimes.com/2015/02/24/business/international/a-pesticide-banned-o...

Syngenta, a Swiss chemicals company, produces one of America’s most popular herbicides. It is called atrazine, and 73.7 million pounds of the chemical compound were applied in the United States in 2013. It was used on more than half of all corn crops, two-thirds of sorghum and up to 90 percent of sugar cane. The weed killer is banned as a pesticide in the European Union as well as in Switzerland over concerns that it is a groundwater contaminant. Syngenta, however, did not get the memo. Even though the European Union banned atrazine over a decade ago, the company has long insisted that the pesticide was not banned. Sensitivity over regulatory gaps between the United States and Europe has flared during trans-Atlantic trade talks, which have been underway since 2013. An increasing number of critics of the process are concerned that the outcome could favor corporations more than consumers. Advocacy groups have particularly focused on chemicals, given the disparities in policy. Baskut O. Tuncak, a senior lawyer at the Center for International Environmental Law, said that in his view the chemical proposals that have surfaced so far “reflect a lot of industry’s demands and their concerns with more protective E.U. policies.” He added that proposed changes could “slow or stop and possibly weaken efforts to develop stronger chemical regulation in either the E.U. or the U.S.”

Note: Syngenta did everything in its power to discredit atrazine researcher Tyrone Hayes after Hayes published science proving that Syngenta's products were poisonous. The New Yorker published a detailed article on Syngenta's smear campaign. For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption from reliable major media sources.


Body-Camera Maker Has Financial Ties to Police Chiefs
2015-03-03, ABC News/Associated Press
http://abcnews.go.com/US/wireStory/body-camera-maker-financial-ties-police-ch...

Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices. Taser is covering airfare and hotel stays for police chiefs who speak at promotional conferences. It is also hiring recently retired chiefs as consultants, sometimes just months after their cities signed contracts with Taser. The relationships raise questions of whether chiefs are acting in the best interests of the taxpayers in their dealings with Scottsdale, Arizona-based Taser, whose contracts for cameras and storage systems for the video can run into the millions of dollars. As the police chief in Fort Worth, Texas, successfully pushed for the signing of a major contract with Taser before a company quarterly sales deadline, he wrote a Taser representative in an email, "Someone should give me a raise." City officials and rival companies are raising concerns about police chiefs' ties to Taser. Charlie Luke, a Salt Lake City councilman ... said he was surprised when he learned last year that the city's police department had purchased Taser cameras using surplus money, bypassing the standard bidding process and City Council approval. The department declined to say how much it has spent acquiring 295 body cameras. Taser's competitors ... complain they have been shut out by cities awarding no-bid contracts to Taser and are being put at a disadvantage by requests for proposals that appear tailored to Taser's products.

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


McDonald’s to use chicken without human antibiotics
2015-03-04, Boston Globe
http://www.bostonglobe.com/business/2015/03/04/mcdonalds/xkNOfhlMQAE65D7KgwYd...

McDonald’s said on Wednesday that its 14,000 US restaurants will stop serving chicken raised with antibiotics "important to human medicine," a significant change in food policy for the world’s largest fast-food chain. McDonald’s said the decision is an attempt to adapt to diners’ desire for healthier food.‘‘Our customers want food that they feel great about eating — all the way from the farm to the restaurant — and these moves take a step toward better delivering on those expectations,’’ McDonald’s US president, Mike Andres, said in a statement. McDonald’s said the new policy will be implemented across its US supply chain within two years. Also, McDonald’s said that this year it will begin offering milk jugs in its Happy Meals that contain milk from cows that have not been treated with the growth hormone rbST. Public health advocates cheered the move, and some groups, including Keep Antibiotics Working, said they had been in ‘‘close dialogue’’ with McDonald’s about the policy change.

Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.


U.S. probes banks over metals markets
2015-02-24, USA Today
http://www.usatoday.com/story/money/2015/02/24/us-probes-metals-market-manipu...

U.S. authorities are investigating major banks over potential manipulation of the precious metals market, the latest development in a series of probes related to major financial benchmarks. HSBC is among at least 10 major banks being investigated by U.S. authorities for possible rigging of the price-setting process for gold, silver, platinum and palladium, The Wall Street Journal reported late Monday. The report said other banks being scrutinized include: Goldman Sachs; JPMorgan Chase; Britain-based Barclays; Swiss banking giants UBS and Credit Suisse; Bank of Nova Scotia; Germany-based Deutsche Bank; France-based Société Générale; and South Africa-based Standard Bank Group. U.S. authorities declined to comment. Goldman Sachs, HSBC, Deutsche Bank and Barclays, HSBC, UBS and Bank of Nova Scotia have been named as defendants in various putative class-action lawsuits in U.S. federal courts over suspected manipulation of precious metals pricing. The complaints contend that bank traders conspired to manipulate the price of metal derivatives in a bid to reap profits on proprietary trades. The new U.S. investigations follow separate bank probes launched earlier over suspected manipulation of the $5.3-billion-a-day foreign exchange currency trading market, along with rigging of the London Interbank Offered Rate (Libor), which is used to set rates on billions of dollars in loans, credit cards and mortgages.

Note: When it comes to international banking, it appears that almost everything is rigged. For more along these lines, see concise summaries of deeply revealing news articles about the systemically corrupt financial industry.


Deeper Ties to Corporate Cash for Doubtful Climate Researcher
2015-02-21, New York Times
http://www.nytimes.com/2015/02/22/us/ties-to-corporate-cash-for-climate-chang...

For years, politicians wanting to block legislation on climate change have bolstered their arguments by pointing to the work of a handful of scientists who claim that greenhouse gasses pose little risk to humanity. One of the names they invoke most often is Wei-Hock Soon, known as Willie, a scientist at the Harvard-Smithsonian Center for Astrophysics. He has often appeared on conservative news programs, testified before Congress and in state capitals, and starred at conferences of people who deny the risks of global warming. But newly released documents show the extent to which Dr. Soon’s work has been tied to funding he received from corporate interests. He has accepted more than $1.2 million in money from the fossil-fuel industry over the last decade while failing to disclose that conflict of interest in most of his scientific papers. At least 11 papers he has published since 2008 omitted such a disclosure, and in at least eight of those cases, he appears to have violated ethical guidelines of the journals that published his work. The documents show that Dr. Soon, in correspondence with his corporate funders, described many of his scientific papers as “deliverables” that he completed in exchange for their money. He used the same term to describe testimony he prepared for Congress. Dr. Soon has found a warm welcome among politicians in Washington and state capitals who try to block climate action. United States Senator James M. Inhofe, an Oklahoma Republican who claims that climate change is a global scientific hoax, has repeatedly cited Dr. Soon’s work over the years.

Note: One of Dr Soon's primary funding sources is Donors Trust, a secretive organization found to have orchestrated a vast climate denial conspiracy. For more along these lines, see concise summaries of deeply revealing science corruption news articles from reliable major media sources.


Senior London Telegraph Writer Peter Oborne Quits Over HSBC Allegations
2015-02-20, The Independent (One of the UK's leading newspapers)
http://www.independent.co.uk/news/media/press/peter-oborne-resignation-senior...

A senior writer at the Daily Telegraph has dramatically quit the newspaper after accusing its owners, the Barclay Brothers, of suppressing reports about the HSBC scandal out of fear of losing advertising revenue. Peter Oborne, the paper’s chief political commentator and an award-winning author, announced his resignation [and] accused the Telegraph of committing a “fraud” on readers. Mr Oborne detailed a series of investigations about HSBC, and other financial scandals, which he said executives at the newspaper had closed down. Mr Oborne wrote: “From the start of 2013 onwards stories critical of HSBC were discouraged [because] HSBC [had] suspended its advertising with the Telegraph. “Its account ... was extremely valuable. HSBC, as one former Telegraph executive told me, is ‘the advertiser you literally cannot afford to offend’. “Winning back the HSBC advertising account became an urgent priority. It was eventually restored after approximately 12 months. Executives say that Murdoch MacLennan [chief executive of Telegraph Media Group] was determined not to allow any criticism of the international bank.” As a result of a 2012 investigation into accounts held by HSBC in Jersey, he claimed: “Reporters were ordered to destroy all emails, reports and documents related to the HSBC investigation. I [resigned] as a matter of conscience. The past few years have seen the rise of shadowy executives who determine what truths can and what truths can’t be conveyed across the mainstream media."

Note: Oborne's online resignation provides a unique window into some of the ways that big money is used to manipulate the media. Read lots more on HSBC's empire of corruption in a Rolling Stone article by Matt Taibbi. HSBC was founded to service the international drug trade in the 19th century, and launders money for mobsters and terrorists on a massive scale.


Swiss prosecutors are shocked by HSBC's tax scandal
2015-02-18, Fortune
http://fortune.com/2015/02/18/swiss-prosecutors-are-shocked-shocked-by-hsbcs-...

A scandal implicating HSBC in alleged tax evasion widened further Wednesday, as Swiss prosecutors raided the Geneva headquarters of its private bank in Switzerland. The raid, in connection with an investigation into ‘aggravated money-laundering’, marks the latest twist in a saga that dates back 10 years. Materials leaked to the International Consortium of Investigative Journalists ... indicated that HSBC aggressively marketed schemes suitable for tax evasion to rich clients across the world. The materials come from a stash of files stolen from HSBC by Hervé Falciani, a former employee and whistleblower. Falciani was indicted in Switzerland in December for industrial espionage and for breaking the law on banking secrecy. Falciani’s files have already led to criminal investigations in France, Belgium and Argentina. The Swiss authorities’ action Wednesday, however, is the first to suggest that they regard tax evasion itself as a bigger crime than exposing it. [HSBC has also recently] been found guilty of manipulating benchmark interest and foreign exchange rates, [and] desperately needs to be able to prove that it has not aided or abetted tax evasion or money-laundering since December 2012. That was when it signed a deferred prosecution agreement with the U.S. after admitting to helping Iran get round sanctions and laundering the profits of Mexican drug trafficking gangs. Any evidence that it has broken that DPA could lead to it losing its all-important license to bank in the U.S., destroying its status as a global bank overnight.

Note: Read lots more on HSBC's sweetheart deal with U.S. officials in a Rolling Stone article by Matt Taibbi. US Senator Elizabeth Warren is working hard to bring justice in this case. For more along these lines, see concise summaries of deeply revealing news articles about systemic corruption in government and the financial industry.


A Whistleblower's Horror Story
2015-02-18, Rolling Stone
http://www.rollingstone.com/politics/news/a-whistleblowers-horror-story-20150218

One man's story in particular highlights just about everything that can go wrong when you give evidence against your bosses in America: former Countrywide/Bank of America whistleblower Michael Winston. Two years ago this month, Winston was being celebrated in the news as a hero. He'd blown the whistle on Countrywide Financial, the bent mortgage lender that ... nearly blew up the global economy. Today, Winston [has] spent over a million dollars fighting Countrywide (and the firm that acquired it, Bank of America) in court. At first, that fight proved a good gamble, as a jury granted him a multi-million-dollar award for retaliation and wrongful termination. But after Winston won that case, an appellate judge not only wiped out that jury verdict, but allowed Bank of America to counterattack him. The bank eventually beat him for nearly $98,000 in court costs. That single transaction means a good guy in the crisis drama, Winston, had by the end of 2014 paid a larger individual penalty than virtually every wrongdoer connected with the financial collapse of 2008. When Winston protested his preposterous punishment on the grounds that a trillion-dollar company recouping legal fees from an unemployed whistleblower was unreasonable and unnecessary, a California Superior Court judge denied his argument — get this — on the grounds that Winston failed to prove a disparity in resources between himself and Bank of America! Four years later, we're still waiting for the first criminal conviction against any individual for crisis-era corruption. There's been no significant reform. What we've seen instead is a series of cash deals with the most corrupt companies.

Note: Countrywide bought political influence to more effectively defraud institutional investors and taxpayers. Thanks to Winston, they were caught and proven guilty. But Bank of America purchased Countrywide, and has been paying off officials in secret deals to continue skirting the law without admitting wrongdoing. And Michael Winston now has to pay Bank of America for their trouble.


APS authored Congressional letter to feds asking to crack down on solar industry
2015-01-16, ABC's Arizona Affiliate
http://www.abc15.com/news/local-news/investigations/aps-authored-congressiona...

Arizona’s largest utility company has been at odds with the solar panel industry for years. Now, APS [Arizona Public Service, the state’s largest utility] is asking the Federal Trade Commission to crack down on solar companies. But they didn’t ask them directly. Six Arizona Congressmen sent letters to federal regulators asking them to investigate solar leasing companies. Reporter Evan Wyloge ... has the original letter and proves it’s actually APS spearheading the effort. Arizona Public Service [is] one of the largest campaign donors for the group of lawmakers. The APS-authored, congressmen-signed letter comes as the latest in an ongoing effort to stymie third-party solar panel companies, whose business has grown tenfold over the past half-decade, presenting a challenge to the long-term business model of traditional utilities like APS. The high-profile fight between the traditional utility and newer rooftop solar panel companies is not unique to Arizona. Similar struggles have emerged in other states. On Nov. 19, Democratic Reps. Ron Barber, Ann Kirkpatrick and Kyrsten Sinema asked [regulators] in a joint letter to ... look into solar panel leasing practices. Then, on Dec. 12, Republican Reps. Trent Franks, Paul Gosar and Matt Salmon sent a similar letter to the FTC. After both letters were sent, the Arizona Corporation Commission voted late in 2014 to open a docket on consumer complaints about solar companies. Initial hearings are expected to begin this spring.

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


Barrett Brown sentenced to 63 months for 'merely linking to hacked material'
2015-01-22, The Guardian (One of the UK's leading newspapers)
http://www.theguardian.com/technology/2015/jan/22/barrett-brown-trial-warns-d...

Journalist and former Anonymous member ... Barrett Brown was sentenced to 63 months in prison by a federal judge in Dallas on Thursday. The judge also ordered him to pay more than $890,000 in restitution and fines. An investigative journalist, essayist and satirist who has written for the Onion, Vanity Fair and the Huffington Post, as well as for the Guardian, Brown claims to have split with Anonymous in 2011. Brown also founded Project PM, a crowdsourced investigative thinktank dedicated to looking into abuses by companies in the area of surveillance. In September 2012, Brown was arrested by the FBI. In October 2012, after being held for two weeks without charge, he was indicted on charges of making an online threat, retaliating against a federal officer and conspiring to release personal information about a government employee. Two months later, he was indicted on 12 further charges related to the hacking of private intelligence contractor Stratfor in 2011. Jeremy Hammond, the hacker who actually carried out the Stratfor breach, was sentenced to the maximum possible 10 years. Brown, who was accused of sharing a link to the data Hammond obtained from the breach ... at one point faced a possible sentence of 105 years. He will reportedly be eligible for supervised release after one year, and once released will have his computer equipment monitored. The $890,250 in restitution payments will go to Stratfor and other companies targeted by Anonymous.

Note: Even after being targeted by a high level conspiracy, jailed on spurious charges, and forced to pay nearly a million dollars to Stratfor for merely writing about the hack of their private spy agency, Brown states that he remains committed to exposing corruption as a journalist from within the US prison system.



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