Ripoffs Archive

Harry Shearer sues studio over Spinal Tap, says he's received $98 in royalties over 30 years

Shearer’s $125 million lawsuit against Studio Canal and Vivendi enumerates a parade of horribles that the entertainment companies have visited upon him, from ripping him off with crazy, corrupt accounting practices to allowing the Spinal Tap trademarks to lapse but still charging him royalties to perform as his character from Tap. The lawsuit says that the principles from This is Spinal Tap were …

Whistleblowing Wells Fargo loan officer describes years of fraudulent, criminal culture in the bank

Beth Jacobson was a Wells Fargo loan officer who blew the whistle on the bank’s predatory, racist loan-fraud in the runup to the 2008 financial crisis, which tanked the world’s economy and nearly wiped out Wells Fargo (they were rescued with a $36B taxpayer-funded bailout). Eight years later, Wells Fargo has fired 5,300 employees for participating in a scam that involved opening 2,000,000 …

Support the Consumer Financial Protection Bureau's action against predatory payday lenders

The predatory payday lending industry — “‘legalized loan sharks collect 75 percent of their fees from people stuck in more than 10 loans a year by charging 300 percent APR” — is lobbying hard to kill the proposed Consumer Financial Protection Bureau’s proposed “debt trap” rule, “that would require lenders to determine whether borrowers can afford to pay back their loans and cut off …

How to pay no taxes at all! (if you're Apple, Google or Facebook)

In only 7 minutes, Australian comedy show The Undercurrent explains exactly how companies like Apple, Google and Facebook use offshore registration, transfer payments, debt loading and tax havens to get a lower tax rate than nurses, starving their host countries like Australia of so much money that they’re cutting schools, medicare, public broadcasting, climate change and indigenous services. In addition to being very, …