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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.

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!

Almost 9,000 Claims Submitted in the Madoff Scandal

Nearly 9,000 claims have been submitted in the Bernard Madoff scam. Madoff faces up to 150 years in prision. To bad he can't live long enough to serve all of them!

FDA Scandal ?

With so many business scandals taking place it is easy to miss important stories and headlines taking place right under our noses. The FDA relaxing its rules is one such story. This could be a full blown Scandal!

Car Company Bailout Scam

The US and Canada are set to bailout their car companies with massive loans. What is behind this kind of thinking? Can a company go bankrupt anymore? Is there no such thing as free economy?