corruption Archive

The pathogens of Wells Fargo's corruption fester in every large corporation

Despite the denials of its new CEO, Wells Fargo had a serious, widespread cultural problem that led it to commit at least 2,000,000 financial crimes. But the crimes and the culture are widespread across America’s banks, and they spread further than that, because the system is rigged to reward financial crime. To understand the systemic enticements to fraud in corporate America, you …

Wells Fargo whistleblower: once I complained, they started denying me bathroom breaks

Yesterday, I predicted that a lot of Wells Fargo whistleblowers were going to come forward, given how terribly treated its employees. The kind of pettiness in Nathan Todd Davis’s testimony guarantees there’s more to come. Nathan Todd Davis said at a California State Assembly hearing on the Wells Fargo (WFC) fake account scandal that he filed 50 ethics complaints …

Wells Fargo whistleblower describes bank's culture of blackballing threats and coerced corruption

On the latest Planet Money podcast (MP3), a former San Francisco Wells Fargo banker describes the bullying and coercion she faced from senior management while working at the bank’s head office, and how the bank forced her out when she blew the whistle on fraud and then blacklisted her with other banks, forcing her out of the sector altogether. “Ashley” was 30 when …

Merciless reporting on the Chicago Police Department's extortion racket, & the senior officials who covered it up

The more we learn about the Chicago Police Department, the worse it gets — there’s the sabotage of dashcams, the widespread corruption, the investigators fired for refusing to cover up police crimes, off-the-books “black site” where the CPD kidnaps and tortures suspects, the Accountability Task Force Report that called the force racist, corrupt and broken. But there has never been a more …

Shadow Regulation: the secret laws that giant corporations cook up in back rooms

The winner-take-all economy has turned virtually every industry into a cartel (four record labels, two cable companies, two phone operating systems, etc) who operate without fear of competition regulation, allowing representatives of a few companies to gather in closed-door meetings to cook up operating agreements that end up having the force of law. For example, the major US ISPs and the major US …

Petition: make the FBI explain why they didn't bring criminal charges against bank execs

Last month, Senator Elizabeth Warren published an open letter to FBI director James Comey observing that, in revealing details of its investigation into the Clinton email scandal, the Bureau had seemingly abandoned its longstanding policy of not sharing its deliberations, meaning that there was no longer any reason to keep secret its reasoning for not bringing criminal charges against the bankers who did trillions …

Company suspected of blame in Office of Personnel Management breach will help run new clearance agency

In 2014, the US Office of Personnel Management was hacked (presumably by Chinese spies), and leaked 22,000,000+ records of Americans who’d applied for security clearance, handing over the most intimate, compromising details of their lives (the clearance process involves disclosing anything that could be used to blackmail you in the future). This didn’t come to light until 2015. It’s still not clear how …

UNH will spend $1M of librarian's bequest on a football scoreboard

Robert Morin worked for 50 years as a cataloger at the University of New Hampshire library (he was also a UNH alum); he was thrifty, ate microwave dinners and drove a 1992 Plymouth, and saved $4M, which he gave to the university as an unrestricted gift, and so the university is giving $100K to the library he worked in and $1M to the football …

The DEA just added a promising anti-opioid addiction herb to Schedule 1, because reasons

Kratom is a herb that has been in widespread use in Southeast Asia for centuries; it is chewed for to increase stamina, induce gentle euphoria and relaxation, and it has also been used with unheard-of success to help people kick their addictions to opioid painkillers. People who use kratom are not able to take high doses, because these induce vomiting. The alkaloid — …

It's really easy for fired, dirty cops to walk into a new police job in a new town

Sean Sullivan was fired from his police job in Oregon in 2004 for sexual contact with a 10 year old girl; in 2005, Cedar Vale, KS hired him to be their police chief, where he was accused of having sexual contact with another young girl, and eventually convicted of burglary and criminal conspiracy — he’s currently doing time in a Washington state prison for …