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+11 +1
Leading US drug companies 'conspired to inflate prices by up to 1,000%'
Leading drug companies including Teva, Pfizer, Novartis and Mylan conspired to inflate the prices of generic drugs by as much as 1,000 per cent, according to a far-reaching lawsuit filed on Friday by 44 states. The industry-wide scheme affected the prices of more than 100 generic drugs, according to the complaint, including lamivudine-zidovudine, which is used to treat HIV; budesonide, an asthma medication; fenofibrate, which is used to treat high cholesterol; amphetamine-dextroamphetamine for ADHD; oral antibiotics; blood thinners; cancer drugs; contraceptives; and antidepressants.
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+15 +1
Fyre Festival Founder Working On Prison Memoir, Planning Sequel To Doomed Event
Billy McFarland, the concert promoter whose botched music festival spawned documentaries by Netflix and Hulu, is now working on a memoir that will talk about what happened. McFarland is currently in federal prison in Otisville, NY, serving six years in prison for fraud and selling fake tickets to events. The saga was memorialized in the films “Fyre: The Greatest Party that Never Happened” and “Fyre Fraud.” New York Magazine reported that McFarland is planning to self-publish a memoir. It is tentatively titled “Promythus: The God of Fyre.”’
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+19 +1
Former University of Texas coach admits to taking $100K bribe in college scam
Michael Center, 55, is the third coach to plead guilty in the nationwide scandal that has also ensnared wealthy parents.
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+20 +1
Fish fraud: How can consumers make sure they’re getting what’s on the label?
The fish you buy might not be the fish you thought it was.
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+15 +1
Olivia Jade is 'devastated' by college cheating scandal
YouTube star Olivia Jade Giannulli is "devastated" by the allegations her parents are facing in the college admissions scandal. Giannulli's parents, actress Lori Loughlin and fashion designer Mossimo Giannulli, are among 33 parents accused of paying bribes for their children to attend prestigious institutions. "Olivia is devastated and completely embarrassed. She feels like she's lost nearly all of her friends because of this. She's barely speaking to her parents," a friend who has been in communication with her told CNN.
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+3 +1
Homeless man faces sentencing in $400,000 GoFundMe scam
The homeless veteran who admitted to conspiring with a New Jersey couple in a GoFundMe scam that raised more than $400,000 is scheduled to be sentenced Friday.
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+4 +1
Lori Loughlin indicted by federal grand jury, charged with money laundering
Actress Lori Loughlin and her fashion designer husband were among 16 parents involved in the college admissions cheating scam who were indicted by a federal grand jury, which added a money laundering charge to their legal woes, federal authorities announced Tuesday. The parents, including Loughlin and her husband, Mossimo Giannulli, "were charged today in Boston in a second superseding indictment with conspiring to commit fraud...
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+17 +1
EU accuses BMW, Daimler, and VW of collusion on emissions tech
The European Commission has formally accused BMW, VW, and Daimler of colluding to impede the rollout of emissions limiting technology. These companies, whose car brands include Mercedes, Audi, Volkswagen, Porsche, and BMW, are said to have limited and delayed the use of tech that would have reduced the emissions of diesel and petrol cars.
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+3 +1
What It’s Like Writing Fake Essays for Wealthy International Students
College admissions fraud is a global industry. Just ask these “tutors.”
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+17 +1
Man stole $122m from Facebook and Google by sending them random bills, which the companies dutifully paid
Last week, Evaldas Rimasauskas of Lithuania plead guilty to US wire fraud, aggravated identity theft, and money laundering charges, admitting that he had stolen $99m from Facebook and $23m from Google between 2013 and 2015.
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+31 +1
The Pentagon’s Bottomless Money Pit
When the Defense Department flunked its first-ever fiscal review, one of our government’s greatest mysteries was exposed: Where does the DoD’s $700 billion annual budget go? By Matt Taibbi.
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+22 +1
Fyre Festival victim recoups more than $100,000 in GoFundMe donations after scam
A Bahamian caterer who accepted a "good faith contract" with the fraudulent Fyre Festival founder Billy McFarland to prep thousands of meals and provide lodging for VIP partygoers -- and found herself cooking without pay for stranded festival patrons -- has raised more than $100,000 through a GoFundMe campaign. Maryann Rolle, proprietor of the Exuma Point Bar and Grille, near the site of the disastrous Fyre Festival, said she dipped into her life's savings to pay workers who labored around the clock -- even though she herself never saw a dime.
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+17 +1
Has the [U.S.] Government Legalized Secret Defense Spending?
While a noisy Supreme Court fight captivated America last fall, an obscure federal accounting body quietly approved a system of classified money-moving. By Matt Taibbi.
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+18 +1
Wall Street's Corruption Runs Deeper Than You Can Fathom
Author Carmen Segarra sounds off on Goldman Sachs, deregulation and how our culture rewards bad behavior. By Robert Scheer.
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+16 +1
Northern Virginia men accused of swindling billions from Pentagon
Three men from Northern Virginia have been charged with defrauding the Department of Defense of nearly $9 billion in contracts. Abdul Huda Farouki, 75, of McLean, his brother Mazen Farouki, 73, of Boyce and Salah Maarouf, 71, of Fairfax all pleaded not guilty to eight counts each of fraud and violating sanctions against Iran.
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+1 +1
Alberta officials are signalling they have no idea how to clean up toxic oilsands tailings ponds
What is clear is that the technique is unproven, and by conditionally approving industry plans that include it, Alberta officials are signaling they still have no idea how they’re going to clean up the waste of the oilpatch. By Emma McIntosh, David Bruser.
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+15 +1
Act of kindness that raised $400,000 'a lie'
The US protagonists in a viral fundraising campaign for a homeless man have been charged with theft by deception and conspiracy. Kate McClure and Mark D'Amico raised more than $400,000 (£313,000) for homeless ex-marine Johnny Bobbitt. But in August, Mr Bobbitt launched legal action against the couple, claiming he did not get his fair share. Now, prosecutors in New Jersey say Mr Bobbitt was complicit in the alleged plot. All three face the same charges.
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+14 +1
Lockheed and Loaded
How the Maker of Junk Fighters Like the F-22 and F-35 Came to Have Full-Spectrum Dominance Over the Defense Industry. By Jeffrey St. Clair.
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+16 +1
Facebook lured advertisers by inflating ad-watch times up to 900 percent: lawsuit
Not only did Facebook inflate ad-watching metrics by up to 900 percent, it knew for more than a year that its average-viewership estimates were wrong and kept quiet about it, a new legal filing claims. A group of small advertisers suing the Menlo Park social media titan alleged in the filing that Facebook “induced” advertisers to buy video ads on its platform because advertisers believed Facebook users were watching video ads for longer than they actually were.
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+16 +1
The Child-Abuse Contrarian
Michael Holick, a renowned scientist turned expert witness, relies on his own controversial theory about a condition called hypermobile EDS to help alleged abusers avoid prison and regain custody of the babies they were accused of harming. By David Armstrong.
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