The banking fraud business model

Mass fraud by banks and financial institutions continues unabated without hard prison time for the guilty parties. “Deutsche Bank settles for $205 million in currency manipulation scheme.” “Goldman Sachs confesses to c.$5 billion in mortgage fraud during the 2008 financial crisis.” “Wells Fargo settles securities fraud lawsuit for $480 million.” “Bank of America to pay [...]

Product piracy by another name – Disney?

On August 24, 2017, beloved tv personality Bill Nye filed a $37 million lawsuit with The Walt Disney Company and its subsidiaries.  He claims that the companies hid profits owed to him and owners of the “Bill Nye the Science Guy” show. Nye became suspicious in 2008 when Buena Vista Television (BVT), a Disney [...]

Who are you calling a (price) gouger?

  In June 2008, Electronic Arts, Inc (EA) was the subject of a national class-action lawsuit. EA is the company behind popular sports games such as Madden NFL, NCAA Football, and Arena Football. The lawsuit claimed that EA violated antitrust laws. Antitrust laws protect customers from unfair competition tactics by businesses and corporations. In [...]

The consequences of medical fraud—no barriers or boundaries here!

Today, mass fraud goes almost unnoticed. This one is a medical fraud with no boundaries. Every person who had their blood tested with the Theranos company over the past 15 years has had their health at risk. We may never know the amount of damage nor the number of victims caused by this fraud. [...]

E.A. sued for false advertising, fraud, and theft.

E.A. investors are now suing the gaming giant, Electronic Arts, for false advertising. EA supposedly promised great results for Battlefield 4, their new game. This raised the E.A. stock but E.A. did not do their job well. After Battlefield 4 came out, problems with the game were seen right away. Players hit the internet [...]

MumboJumbo wins lawsuit against PopCap to the tune of 4.6 million dollars.

MumboJumbo and PopCap used to be business partners. Basically, PopCap made games and MumboJumbo would sell and distribute the games to places like Wal-Mart, ToysRUs, Game Stop, and Best Buy. PopCap decided that they could do MumboJumbo’s job and began to work in that direction which left MumboJumbo high and dry. A Dallas jury [...]

Almost ¾ of a million of Australians affected by Sony hack.

Sony was excited to release their new PlayStation 4. Consumers quickly snatched up their new gaming equipment and began to play. Soon after the release, Sony sent out an email to some users instructing a password change. But Sony was too late, again. In fact, users had already begun to notice that their credit [...]

Sony defrauds philanthropic gaming company.

In yet another story involving Sony, we now hear that they stole an idea from the gaming company, The Just Game Company. The Just Game Company came to Sony and met with their VP of Marketing, John Keller. The Just Game Company, being smart, asked John Keller to sign a confidentiality agreement. But it [...]

Another huge environmental deceit by a major US corporation.

Chevron oil, aka Standard Oil/Texaco with a 2017 turnover in excess of $140 billion is alleging financial fraud by the plaintiffs in a massive pollution case they just lost. An Ecuadorian court ruled that Chevron is a direct cause of destruction of the Amazon basin. They fined the company $8 billion (£5 billion). This [...]