Only weeks after being accused of pushing hundreds of thousands of auto loan customers into paying for unwanted and unnecessary insurance plans, Wells Fargo finds itself in another possible insurance scandal, with banking regulators investigating claims that Wells allegedly failed to refund insurance money to some borrowers who paid off their car loans early. [More]
scandal
5 Reasons People Are Suddenly Concerned About Brazilian Beef
By 3.22.17 — Updated: 5.10.17
Are you having beef for dinner? Do you know where it came from? No, not the grocery store down the street, but where the cow was raised? Most of us probably can’t answer those questions, and that’s a growing concern for health advocates, retailers, and lawmakers amid reports that some meatpackers in Brazil — one of the world’s largest exporters of beef — are shipping out rotten, salmonella-tainted beef. [More]
Court Grants Warrant For Samsung Vice Chair’s Arrest Related To Bribery Case
By 2.16.17
A month after Samsung’s vice chairman avoided arrest in connection with a South Korean bribery case, a court has approved a warrant for Jay Y. Lee’s arrest. [More]
Samsung Vice Chair Avoids Arrest In Connection With South Korean Bribery Case
By 1.19.17
Days after a South Korean special prosecutor investigating a bribery scandal involving the country’s President sought the arrest of Samsung’s vice chairman, a court denied the request, citing a lack of evidence. [More]
Volkswagen Engineer Pleads Guilty To Conspiracy Related To Dieselgate
By 9.9.16
Volkswagen’s year-long “dirty diesel” saga nabbed its first Volks-villain on Friday, when a veteran engineer for the carmaker pleaded guilty in the first criminal charge related to the VW’s use of so-called “defeat devices” in millions of vehicles in order to skirt federal emissions regulations. [More]
Emissions-Cheating “Defeat Devices” Found In Additional VW, Audi, Porsche Vehicles
By 11.20.15
The emission-scandal plot continues to thicken for Volkswagen and U.S. regulators. Nearly a month after the Environmental Protection Agency and California Air Resources Board accused the carmaker of including “defeat devices” in an additional 10,000 previously unreported vehicles, investigators for the agency say the number of cars is significantly higher. [More]
VW Investigating If Second Diesel Engine Line Contains “Defeat Devices”
By 10.22.15
Volkswagen has admitted to rigging the emissions control systems on 11 million diesel cars over the last seven years. But what about the company’s older diesel model vehicles? That’s apparently something the carmaker intends to find out by launching yet another investigation. [More]
VW Offering Owners $2,000 “Loyalty Bonus” For Buying A New Car, Sticking With The Company
By 10.7.15
The hundreds of thousands of consumers still waiting to hear just how Volkswagen plans to fix their “clean diesel” vehicles rigged to cheat emissions tests could simply go buy a new automobile from the carmaker — you know, one that isn’t affected by the scandal. Or at least that’s what it appears VW is saying with the launch of an “Owner Loyalty Bonus” program. [More]
Pinkberry Co-Founder Accused Of Beating A Homeless Guy With A Tire Iron
By 2.27.12
Pinkberry, the chain of California-based yogurt shops that inspires cultish behavior in its followers, was co-founded by one Young Lee, a stylish 47-year-old entrepreneur with expensive taste (he apparently owns a bunch of fancy cars including a Rolls-Royce Phantom and a Ferrari) who is currently a defendant in a criminal proceeding in which he is alleged to have hit a homeless man with a tire iron. [More]
Why Olympus Is In Serious Trouble (And It Has Nothing To Do With Their Cameras)
By 1.10.12
For camera companies, 2011 is a year they’d like to forget — natural disasters have wreaked havoc on Japanese manufacturers and delayed many a product launch. But last summer, Olympus suffered a different kind of catastrophe, one that was man-made, but perhaps much more damaging, and which, if the company goes under, could affect consumers who own Olympus devices, such as cameras, audio recorders, or other products. For instance, it may be difficult to send a device back for repairs or replacement if there’s no company to send it to. [More]
Advertiser Stuck With Ironic Tiger Woods Ads Fires Him
By 12.14.09
Remember this ad? It was in the Wall Street Journal the day after Tiger Woods crashed his car and unleashed a torrent of trashy mistresses on an unsuspecting nation? Yeah, it was for Accenture. Now that company has decided that Tiger Woods is bad for its reputation. [More]
Cash4Clunkers Admin Responds To MPG Switcharoo, Says Nothing
By 7.29.09
PREVIOUSLY: EPA Tweaks Official MPGs Prior To Cash4Clunkers, Shafting Some (Photo: morsteen)
Doctor Caught Faking 21 Drug Studies, Including Vioxx And Celebrex
By 3.11.09
The Wall Street Journal Health Blog has some “eye-popping” news — a doctor has been caught fabricating 21 drug studies, some of which were favorable to drugs that have since been pulled from the market — Merck’s Vioxx and Pfizer’s Bextra.
By 9.26.08
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FDA warns consumers not to drink instant coffee made in China because it may be tainted with melamine. They specifically mention one brand, the hilariously-unappetizing-souding Mr. Brown. [MSNBC]
Melamine Tainted Dairy Products Sicken 53,000 Children, Nearly 13,000 Hospitalized
By 9.22.08
China’s chief quality supervisor was replaced today as the total number of children sickened from dairy products tainted with melamine (the same substance that was found in contaminated pet food last year) grew to 53,000. Nearly 13,000 children have been hospitalized and 4 have died. Products manufactured by 22 companies were found to contain melamine, says Bloomberg.
Department Of Education: Student Loan Oversight Is Overrated
By 8.3.07
Remember that whole student loan scandal, where lenders illegally gave gifts to financial aid officers? The Department of Education doesn’t! A damning GAO report claims that the DOE:
Anybody Wanna Buy An Enron CEO's Desk?
By 3.22.07
Lay and Skilling, who also served as CEO, were convicted in May 2006 for their role in the accounting fraud that led to the collapse of Enron in 2001. The bankruptcy erased billions in investors’ money and wiped out the pensions of thousands of Enron employees.
