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The founder of the credit counseling firm AmeriDebt on Monday agreed to pay $35 million to settle suits filed by regulators and former customers over $172 million in allegedly hidden fees the company collected from financially strapped debtors.
Philip Morris spends more on image advertising than it does on charity. That's greenwash.
ABN Amro Bank, a global banking giant based in the Netherlands, has agreed to pay a total of $80 million in fines for violating regulations to prevent money-laundering, regulators and the bank said yesterday.
Maurice R. Greenberg, a former titan of the insurance industry who is at the center of a wide-ranging investigation into possible financial manipulation, will not answer regulators' questions today, his lawyer said yesterday.
Shell wants you to believe that they're working to curb climate change. But Greenwash Guru Kenny Bruno takes a deeper look at Shell's latest ad campaign and finds they're full of hot air.
Activists have condemned Credit Suisse and VTB of Russia for lending $850 million to Mozambique in 2013 that was used mostly to buy military equipment, despite telling the public that the money would be used to buy fishing boats.
The medieval alchemists claimed they could turn ordinary metals into gold. Analysts at Standard & Poors (S&P), Wall Street's top ratings agency, claimed that bad loans to poor people were wildly profitably. A U.S. government investigation alleges that S&P financial analysts are no different from the hucksters of yore.