Consumer News
Drugmakers Have Paid $8 Billion in Fraud Fines

Drugmakers Have Paid $8 Billion in Fraud Fines

Posted: March 5, 2012 at 4:46 pm   /   Consumer News, Medical Fraud

Well-known drug manufacturer Pfizer has been caught committing fraud and has been ordered to pay up… The nation’s largest drugmakers have paid at least $8 billion in fines for repeatedly defrauding Medicare and Medicaid over the past decade, but they remain in business with the federal government because they are often the sole suppliers of […]

No Comments read more
Putin Denounces Rivals Accusing Him of Fraud

Putin Denounces Rivals Accusing Him of Fraud

Posted: March 5, 2012 at 2:22 pm   /   Consumer News

Unrest in Russia after Putin wins a third term, but did he win fraudulently? BusinessWeek reports… Thousands of protesters rallied in central Moscow’s Pushkin Square the day after Russian Prime Minister Vladimir Putin claimed victory in a presidential election that international observers said was unfair. More than 200 people were detained, some at unsanctioned rallies […]

No Comments read more
Phone Company Rips Off American Troops

Phone Company Rips Off American Troops

Posted: March 1, 2012 at 2:36 pm   /   Consumer News

U.S troops serving overseas are being charged exorbitant amounts to call their loved ones back at home. Are the fees fair? Today investigates… Army Sgt. Richard Corder and his unit were headed to Iraq in May when their military charter made a refueling stop in Leipzig, Germany. It was Corder’s third tour in Iraq. His […]

No Comments read more

In Stanford Fraud Case, Longtime Friends Become Courtroom Enemies

Posted: January 30, 2012 at 4:19 pm   /   Consumer News, Financial & Insurance Fraud

The NY Times reports on the latest from the Stanford case… R. Allen Stanford and James M. Davis were roommates at Baylor University and trusted friends over three decades who together built an international financial empire. But this week they are scheduled to confront each other in federal court as indicted swindlers ready to cross […]

No Comments read more
‘World’s Largest Emerald’ Owner, Regan Reaney, Arrested on Ontario Fraud Charges

‘World’s Largest Emerald’ Owner, Regan Reaney, Arrested on Ontario Fraud Charges

Posted: January 29, 2012 at 4:36 pm   /   Consumer News, Faulty Products & Counterfeiting

The man claiming to have the world’s largest cut emerald has been arrested in Kelowna, B.C., in connection to allegations of multiple fraud offences that took place in Ontario. Regan Reaney claims the massive green crystal, which he bought recently in India, is a 57,500 carat emerald worth at least $1.15 million. His massive gem […]

No Comments read more