Browsing: Corporate Crime

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‘Former senior IDF officer among suspects. Charges include fraud, money laundering, breach of trust. Police cite ‘systematic criminal conduct, deep corruption.’

The corruption unit of the Israel Police arrested 13 people on Wednesday following a months-long undercover investigation at government-owned Israel Aerospace Industries. Among those arrested are a former senior Israel Defense Force officer who is on the IAI’s board of directors, as well as IAI employees and staff of private companies that provide services to the aviation firm.

The case, dubbed Case 630, centers around ties between individuals at IAI and senior executives at outside firms. The suspicion is that higher ups at IAI rigged the bidding process in favor of the firms in exchange for bribe money that was allegedly laundered by a bank employee.’

Read more: 13 Suspects Arrested in Israel Aerospace Industries Corruption Scandal 

‘A Rainforest Action Network field investigation team has documented new evidence of large-scale, illegal rainforest destruction within habitat critical to the survival of the Sumatran elephant, tiger and orangutan. RAN’s research has uncovered supply chain connections that link the rogue palm oil company responsible for the deforestation to major global brands through their shared supplier, Wilmar. The companies implicated include PepsiCo, McDonalds, Nestle, Unilever and Procter and Gamble.

This forest clearance is taking place in direct breach of the Indonesian government moratorium on the clearance of rainforests for palm oil plantations announced last April, as well as the no-deforestation policies announced by palm oil giant Wilmar and other brands that commit the companies to eliminate conflict palm oil such as this from their products.’

Read more: Pepsi, McDonalds, Nestlé, Other Major Brands Implicated in Illegal Destruction of Critical Elephant Habitat 

Genetic-Job

‘Last week, a House committee approved the bill HR 1313 (Preserving Employee Wellness Programs Act). If passed, it will allow corporations to “require employees to undergo genetic testing or risk paying a penalty of thousands of dollars, and would let employers see that genetic and other health information,” according to PBS.

Employers demanding genetic data from workers is banned by a 2008 law called GINA, the genetic privacy and nondiscrimination law. The new bill would override that, stating that legal protection doesn’t apply when genetic tests are “part of a “workplace wellness” program.”

Although genetic testing isn’t the central focus of the bill as its presented, state sanctioned, pharma corporation enriching “workplace wellness programs” are something a power player politician would lobby for.’

Read more: House Bill Would Allow Employers to Demand Genetic Information from Workers

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‘HSBC has been caught in another huge money laundering scam, involving hundreds of millions of US dollars run and Russian oligarchs.

According to documents obtained by the Organized Crime and Corruption Reporting Project, $20 billion was moved out of Russia between 2010 and 2014 in an operation called “The Global Laundromat”.

At the same time, HSBC CEO Stuart Gulliver also faces a probe from tax officials in the U.K. who are investigating whether he illegally evaded taxes by claiming residence abroad.’

Read more: Comey’s HSBC Caught In Another Huge Money Laundering Scam

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‘Broadband provider Plusnet has been slapped with a £880,000 fine from UK comms watchdog Ofcom for continuing to bill former customers.

More than 1,000 ex-customers were overcharged £500,000 by BT-owned Plusnet, after it continued to bill for landline and broadband services that had been cancelled.

The penalty is the result of an investigation opened last May and was caused by an error in Plusnet’s billing system meaning cancelled lines were still recognised as “live”.’

Read more: Plusnet slapped with £880,000 fine for billing ex customers

‘Groundwater extraction has caused immense damage to San Joaquin Valley, California, as image data from the National Aeronautics and Space Administration has shown. The region has suffered pronounce land subsidence over the years. The California Water Science Center defines land subsidence as the gradual settling of the earth’s surface. Simply put, San Joaquin Valley is sinking, and it has been for years. According to the CWCS, the primary causes of land subsidence include aquifer-system compaction, underground mining, oil and gas extraction and drainage and decomposition of organic soils.

Excessive pumping has been the primary culprit in this subsidence. According to data from NASA’s Jet Propulsion Laboratory, groundwater extraction that began in the 1920s has caused various parts of land in the region to subside or sink by as much as 8.5 meters. Long-term land subsidence has long been putting government properties — such as federal aqueducts, levees, bridges and roads — at risk of damage. The drought has also played a major part in the subsidence in the region.’

Read more: The San Joaquin Valley is rapidly sinking due to groundwater extraction… some areas have fallen 28 feet… and it’s accelerating

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‘While you’d be hard pressed to find anyone willing to use a known herbicide for medicinal purposes, that hasn’t stopped Monsanto from patenting the star ingredient of their flagship herbicide, Roundup, as a type of antibiotic. In 2003, the corporate giant first submitted a patent for glyphosate as a parasitic control-type antimicrobial agent — or, in other words, a type of antibiotic.

The patent was granted in 2010, and you can view it here. Monsanto patented the combination of glyphosate and polyvalent anion oxalic acid as a method for preventing and treating pathogenic infections like malaria. As the patent explains, parasites from the phylum of Apicomplexa are often responsible for diseases in humans and other animals — and glyphosate is capable of inhibiting the growth of these parasites.

This patent certainly brings even more concerns about the impending Bayer-Monsanto merger, but more importantly, it raises a significant question: is glyphosate contributing to the proliferation of antibiotic-resistant bacteria?’

Read more: Coincidence? Monsanto patented glyphosate as an ‘antibiotic’ drug, claiming weed killer is medicine

‘Kyle Reyes, CEO of Manchester, Connecticut’s Silent Partner Marketing, has an unorthodox method of screening job applicants he likes to call the “snowflake test.”

Who are these so-called “snowflakes”? For Reyes and his fellow Fox News viewers, it’s “a young activist, a champion of character, an eighth place trophy holder.”

Since appearing on “Fox and Friends” last week, thousands of resumes have flooded his inbox. Only two have made the cut.’

Read more: Connecticut CEO Administers ‘Snowflake Test’ to Weed Out Sensitive Job Applicants

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‘Banking giant Goldman Sachs will relocate hundreds of staff out of London before any Brexit deal is struck as part of its contingency plans for the UK leaving the European Union, the company’s Europe chief executive Richard Gnodde has confirmed.

In an interview with CNBC, Mr Gnodde, chief executive officer of Goldman Sachs International, revealed the bank had begun contingency plans to move people out of the capital just a week before Prime Minister Theresa May will trigger Article 50 on March 29, officially starting the proceedings to leave the EU.

“We are going to start to execute on those contingency plans,” Mr Gnodde told CNBC on Tuesday.’

Read more: Goldman Sachs to move hundreds of jobs out of London before Brexit deal struck

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‘Former Uber President Jeff Jones has said irreparable differences with the ride-sharing company prompted his surprise departure from the role after only six months.

“The beliefs and approach to leadership that have guided my career are inconsistent with what I saw and experienced at Uber, and I can no longer continue as president of the ride sharing business,” Jones said in a statement released on Monday.

The resignation comes as the firm battles allegations of sexual harassment and a lawsuit which threatens to derail the firm.

Uber confirmed the high-profile departure in a separate statement saying “We want to thank Jeff for his six months at the company and wish him all the best.” In an email to staff, CEO Travis Kalanick said Jones made the decision to leave following the announcement that Uber intended to hire a chief operations officer (COO).’

Read more: ‘My beliefs not shared at Uber’: President of ride-sharing firm gives reasons for shock exit

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