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We are the Internet's primary source for corporate scandals and business scams, providing you, the consumer, with corporate scandal news, facts and stories.

Paul Allen Sues Internet Companies

In what is becoming the joke of the online world, Paul Allen Sued Google, Apple and many others in a lawsuit. Can he actually get away with it?

Apple Manager to Face Charges of Fraud

An Apple Inc. manager has been indicted on charges of taking kickbacks relating to the sale of Apple IPhones and IPods.

Hewlett-Packard Co. CEO gets $28 Million to Leave Co.

Mark Hurd of HP is being offered $28 Million to leave the company after allegations of sexual harassment lead to an investigation and found he falsified expense claims.

$1.6 Billion of Bailout Money Used as Bonuses

17 banks count themselves among the ones which paid their executives enormous sums of bailout cash. How could this be allowed to happen?

AIG Pays a $725 Million Settlement

How many times can AIG make news? We'll they're in it again with an announced $725 million settlement for their investors related to their ongoing fraud allegations.

Executives Nailed Over How Company Made Cash

One of Goldman Sachs top men told a panel he had no issues or regrets about the cash they earned by predicting the US housing market crash.

Pyramid Scam Haulted

A large pyramid scam which targeted US government officials was stopped by US law enforcement. Over the years it is estimated this scam has cost some 260 people.

Scott Rothstein Gets 50 Years!

In Florida, lawyer Scott Rothstein was sentenced to 50 years in prison for being the driving force behind a $ billion Ponzi Scam. Rothstein was behind a set of false document creation which was aimed at providing investors with false information.

DOW Tumbles and Stocks Fall

With one day left the Dow is poised to have its worst May in almost 70 years. What is happening and what can we do about it? THe answer rests in Europe and fears over the Euro

The Banks Are in Hot Water Again

Financial advisors, traders, and 16 companies are said to have placed secret calls to wall street banks giving inside information on contract results.

Wal-Mart to Pay $28 Milion

Wal-Mart has agreed to pay $27.6 million to settle charges that it dumped hazardous waste throughout California. More allegations are pending and the company may have to settle even more charges.

Goldman Sachs & Co. Lawsuits Just the Beginning

How many companies bet against the economy before the housing market crash. Apparently there were many. Why are we only finding this out now after it's already too late.

Is the Federal Reserve To Blame

Is the Federal Reserve to blame for the US Financial Crisis? If not who is responsible? Greenspan tries to defend his policies but comes up short.

Firms Named in Wal Street Scam

More them 10 firms were named this week as co conspirators in a financial scandal aimed at lowering interest rates to US government inevstments.

Banking Watchdog Executives Grab Bonuses

During the bailout in the U.S. banking watchdog executives grabbed large bonuses as well. Begging the question how can these people regulate this industry?

Raising Cash to Pay Back Taxpayers

After massive CEO salaries and benefits, AIG has begun a fundraising campaign to pay back the bailout money it received from taxpayers.

Soaring Drug Costs

Drug companies are showing record profits as drug prices continue to rise. Those in need are often on the hook for hundreds of thousands of dollars per year.

Weight Watchers & Jenny Craig Due Battle

Weight Watchers & Jenny Craig settle their differences over an ad campaign run by Jenny Craig which made false scientific claims regarding weight loss.

AT&T Pays $18 Million to Settle Lawsuit

AT&T is paying claims in the amount of $18 Million to settle charges it charged unusually high and unfair rates to its customers.

Secrets Stolen at Starwood Resorts

Executives at 44 Starwood resorts worldwide are being accued of stealing secrets and committing corporate espionage.

Bank of America to Face New Charges

After Billions of dollars were paid to top company executives of Merrill Lynch the Bank of America is now accused of attempting to cover it up.

Executive of AIG Quit When Pay Cut Ordered

The US Government ordered AIG to cut its pay to top executives in order to comply with the new government executive pay limits. As a result one of their elite quit.

AIG To Pay Executive $4.6 Million

AIG is set to pay a "critical" employee $4.6 Million to stay with the firm. What's more, is this was approved by Kenneth Feinberg.

Canada Tax-Haven Scandal

RBC Dominion Securities has been linked to a tax shelter scam. The would be tax payers, with the help of RBC have used various methods for the purposes of hiding investments.

27 Bank Executives Arrested

27 bank executives have been ordered arrested in Venezuela by the courts. These have been implicated in come of the largest frauds in commercial banking history.

E-Bay Fined $2.5 Million

E-Bay has been fined $2.5 Million in France for failing to stop the sale of some perfume brands on it's website.

Wells Fargo Will Repay $1.3 Billion

This the latest result of regulators who have been investigating banks across the US in the sale of auction-rate securities.

Madoff's Computer Programmers Arrested

The hunt for anyone related and responsible continues in the Madoff Scandal. Computer Programmers are the latest people arrested in the case as they are said to be part of the heart of the scandal.

$5 Billion Thrid Quarter Loss

In the thris quarter of 2009 Freddy Mac posted a staggering $5 Billion loss. Meanwhile Fannie May asks the US Treasury for $15 Billion after it looses almost $19 Billion in its third Quarter.

Is 19 Times the Average Worker Wage Enough?

Whole Foods has taken steps to limit top executive pay by setting a maximum amount of compensation and bonuses allowed at 19 times the average worker wage. Is this fair and will other companies follow suit?

A Failure to Stop Massive AIG Bonuses

Timothy Geithner is the man responsible for not stopping AIG in it's tracks when AIG issued $1.75 Billion worth of bonuses for management. Yet they still received Federal bailout money!

Irving Picard Sues Madoffs Brother and Niece!

A Trustee of Bernard Madoff, Irving Picard is suing for $199 million. Where will the money come from? Well he is suing Madoffs Brother, and Niece. Both have worked in the family run business at some point in time.

Another Ponzi Scam Leader Arrested

Gary Sorenson and Milowe Brost are the 2 Canadiens arrested in an alleged $100 Million Ponzi Scam. The two masterminded a scheme swindling millions from unknowing investors.

Bank Fees Illegal

Banks are coming under fire for charging customers hidden fees. Fees they don't share and certainly don't want people to realize.

Madoff's Assets Still For Sale

Authorities are still selling the assets of Barnard Madoff. The largest of these is his home in Palm Beach, worth a cool $7.7 Million. How much will his jail cell be worth?

Apple Stock Scam?

The SEC is investigating the sale of Apple Stock. They are trying to determine if insiders benefited from inside information. They are investigating these allegations over 4 different time periods.

Attourney in the Standford Case Demands $27 Million

The Attourney in the Stanford case, who was appointed by the court to track down billions of missing dollars, is demanding more then $27 Million for his services. How can this be happening?

During the Recession Some Home Sellers Lying to Sell

During the Recession some home sellers are lying in order to unload their homes to unsuspecting buyers. How far will these people go to sell?

General Electric Ordered to Pay $50 Million

GE is set to pay more than $50 Million over charges by the SEC that it engaged in improper accounting practices. According to the SEC this is the fourth time GE has committed such violations since 2002.

Executive Bonuses to Get Back on Track

Thanks to Goldman Sachs Executive Bonuses are getting back on track and being dished out fast and furious. Strange, I thought we were in a recession?

Secret Banking and Tax Evasion on Trial

UBS is being prosecuted for allegedly helping over 52,000 Americans funnel funds to secret banking accounts thus helping them avoid paying us taxes.

Another Oil Scam as Prices are Being Fixed

The price of oil is bound to increase as oil rich nations like Kuwait demand they go up. Isn't this price fixing? How can this be legal?

Madoff to be Sentenced Monday

After running a $65 Billion scam Bernard Madoff willbe sentenced Monday. What will be his fate? Will he get the 150 years being asked for?

Richard Scrushy Ordered to Pay Back $2.9 Billion

Richard Scrushy former CEO of HealthSouth has been told to repay almost $2.9 Billion for his part in his companies accounting Fraud. When will this ever end?

Weizhen Tang Charged with 12 Cases of Fraud

After operating a multi-Million dollar ponzi scheme, the Chinese Warren Buffett is being charged by the Securities and Exchange Commission.

GM Bankruptcy Scandal

GM goes backrupt and guess who is bailing them out? The US and Canadian Governments with tax payers money!

What's Really Behind The New Credit Card Rules

Higher annual percentage rates, Higher fees, and much higher penalties. Seems the banks always seem to find a way to make money even during a recession!