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27 Huge Corporations & Prominent Figures That Were Caught Being Complete Frauds


27 Huge Corporations & Prominent Figures Caught Being Complete Frauds

Elizabeth Holmes is back in the limelight and it got us thinking about all the other massive fraudsters out there. What can we say? We’re suckers for a scandal. Especially ones with corporate shadiness and million (or even billion) dollar swindles.

Capitalism can put serious pressure on people who crave success at all costs. Especially since massive corporations have boards of directors constantly breathing down their necks. We poor folks wouldn’t know first-hand but it seems like the yearning for constant growth mixed with the need for recognition as the most successful people in their field causes a little corner-cutting. Well, “little” to them anyway.

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So yes, Elizabeth Holmes has become the current face of fraud, but as you’ll see here, she wasn’t the first and she probably won’t be the last.

27.

Volkswagen was busted after it was discovered that they were cheating and their diesel cars were emitting pollutants over 40 times more than they were supposed to. W The discovery didn't come from a big organization like the Environmental Protection Agency, but from a small team of researchers at West Virginia University. They were just looking for work and were lucky to secure a small grant to study diesel engines. They expected their work to be included in some small science journal, but instead cracked open one of the world's biggest corporate scandals. CRACKED.COM

26.

McDONALD'S "VEGETABLE" OIL NTXX CRACKED.COM In 1990, McDonald's switched from beef fat to vegetable oil to cook their fries. Vegetarians were thrilled until discovering the "vegetable oil" still contained beef products. A lawsuit awarded $10 mill to Hindu and vegetarian groups.

25.

BEECH-NUT'S "APPLE" JUICE CRACKED COM In 1987, Beech-Nut paid a $2 million fine for intentionally selling "water, beet sugar, corn syrup, cane syrup, and other ingredients as 100% apple juice." The counterfeit apple juice shipped to 20 states, and 7 other countries, and was meant for babies.

24.

CRACKED The "healthy" alternative to cigarettes is causing an epidemic of nicotine addiction. Juul Labs' marketing strategy has been under scrutiny since the company's rise to the top of the e-cigarette market. A recent surge in lawsuits and investigations has exposed Juul's targeting of children and adolescents through social media, schools, and stealthy design features. The result is an epidemic of nicotine addiction among American teens. JUUI

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23.

Pandora Radio didn't pay its employees for 2 years. 10 CRACKED.COM Pandora co-founder Tim Westergren claimed he "didn't know he was break- ing the law." It took ven- ture capital money in 2004, and two lawsuits, to pay the 50 employees the $2 million owed.

22.

CRACKED RED LOBSTER'S LOBSTER BISQUE HAD NO LOBSTER. A DNA test on Red Lobster bisques from 3 locations found that 1 had no lobster whatsoever, and 2 had lobster mixed with a "mystery crustacean." They found that it was langostino, a cousin of the hermit crab that is commonly used as lobster.

21.

Getty Images sold unauthorized licenses of photos donated to the Library of Congress. CRACKED.GOM Carol Highsmith donated 100,000 of these images and then received a letter from Getty, demanding $120 for displaying them on her personal website. Highsmith sued for $1 bil- lion, but lost.

20.

Whole Foods used to sell food made with prison labor. Snowdrop I - Haystack Mountain goat cheese, sold at Whole Foods, was made by inmates and the company sold it for nearly a decade -- they stopped only when a prison reform activist wrote to the CEO. CRACKED.COM

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19.

When the little guy beat The Man Reba Rudkin takes on Johns-Manville In 1974, a lawsuit against the Johns- Manville company was filed on behalf of Rudkin, which uncovered evidence of fraud and conspiracy. This allowed other workers at the Pittsburgh plant to sue the company and win punitive damages. JOHNS SERVICE COVER The CONTINUE Through- Asbestos and its allied products JOHNS-MANVILLE CRACKED JOUNG M Serves in Conservation

18.

Bethenny Frankel hawked sketchy diet cocktails. Reality TV star Bethenny Frankel, who is presented on Real Housewives of New York City as something of a boozehound, decided to parlay her marginal fame into selling low-calorie (not so much) hooch called Skinnygirl Cocktails. kinnygirl - Skinnygirl MARGARITA Sadly, instead of being "all natural," her products contained enough carcinogenic chemical preservatives to result in their removal from Whole Foods shelves, leading to a false advertising lawsuit. CRACKED.COM

17.

CRACKED BROOKLYN BISHOP BUSTED FOR FRAUD, LIES. Bishop Lamor Whitehead, a pastor from Brooklyn, was arrested on charges of wire fraud, attempted wire fraud, attempted extortion and making a material false statement. Не is accused of defrauding a parishioner of $90,000, attempting to extort a businessman and lying to the FBI. FIE FJF

16.

Quaker Oats fed kids radioactive oatmeal in the '40s and '50s. - SPRINTALLY That's according to a class action lawsuit from 1995 - apparently, Quaker Oats and MIT gave students at the Fernald State School oatmeal with radioactive iron and calcium. Quaker Oats and MIT settled out of court for $1.85 million. CRACKED.COM

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15.

Yank Trump attorney Sidney Powell argued that "no reasonable unites person" would Basenall father, son believe her election RTVI fraud claims. IC pack onnelly That's her legal team's defense in a billion-dollar defamation suit against her. CRACKED.COM

14.

CRACKED COM 09 LEY CF T EY C FO John Malkovich and Larry King lost $1.7M and $700,000, respectively, to Bernie Madoff's investing scheme. King was fortunate enough to get all of his money back, while Malkovich only got $508,000 back, which he claimed ruined him financially.

13.

A Japanese chemical company polluted a bay so much, they mined the mercury from it. CRACKED COM The bay polluted by Chisso Corporation had sediment containing up to 2 kg of mercury per ton. This con- centration made mining economically viable, so the company set up a subsidi- ary to do just that.

12.

CRACKED DAVID DENG Deng tricked over 100 Chinese nationals into believing they were part of an elite U.S. special forces unit. Не charged people who wanted to join his "army" a fee of between $300 and $450, and gave himself the rank of "supreme commander."

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11.

Billionaire Boys Club was a Ponzi scheme started in 1983 by young boys from rich families. GRACKED.COM Money contributed by in- vestors was spent support- ing lavish lifestyles. When funds ran short in 1984, club members turned to murder & at least two peo- ple were killed as they tried to raise more money.

10.

Sears tried to scam the inventor of a quick-release ratchet. SEARS Peter Roberts sold his in- vention to Sears for $10,000 who said that it was not worth very much. Sears then went on to make $44 million selling it, so he sued them for fraud and was awarded $1 million. CRACKED NOW YOU KNOW

9.

Sharlotte DATINGAPPTROUBLE Being defrauded by fake ads The FTC took legal action against Match Group, Inc., owners of dating services like Tinder and Hinge, for allegedly using fake ads to get people to buy subscriptions to Match.com. They claimed that this scam affected hundreds of thousands of people. CRACKED

8.

CRACKED RUDY RUETTIGER MADE A MINT OFF A SCAM. 45 In 2011, Daniel Ruettiger, the guy who inspired Rudy, got in trouble with the SEC for a scam involving his sports drink company, Rudy Nutrition. The scam made millions, and he settled with the SEC for $382,866.

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7.

Kim Kardashian's ex-husband got scammed by his wedding guest. Kris Humphries lost hundreds of thousands of dollars in a scam that involved a totally fake hedge fund by one Andrey C. Hicks. CRACKED.COM

6.

CRACKED ROBERT HENDY-FREEGARD This 34-year old car salesman tricked seven people into thinking he was a secret agent for MI5. Не made them run away from supposed terrorists, stole from them, and made them beg and borrow money to pay for his fancy lifestyle.

5.

An Herbalife insider once admitted on camera that the company was a scam. Lose Weight Now HERBALIFE. Ask Me How! Independent Distributor Investor Bill Ackman claimed Herbalife's "nutrition clubs," private settings where Herbalife distributors sell the company's products and recruit new members, amount to a pyramid scheme. CRACKED NOW YOU KNOW

4.

INVESTIGATORS DISCOVERED TRANSCONTINENTAL AIRLINES HAD NO PLANES, EMPLOYEES, OR REVENUE. Lance Bass said he'd never flown on a TransContinental plane. *NSYNC would fly Delta coach. In brochures, Pearlman frequently used photos of a toy airplane. CRACKED.COM

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3.

The creator of Beanie Babies was charged with tax fraud. The billionaire creator Ty Warner had to pay a $100,000 fine but no jail time (?!) for hiding millions of dollars. CRACKED.COM

2.

uBiome was the Theranos of poop. Remember Theranos? While not as high- profile, uBiome was a scam start-up very much like it t - but testing poop instead of blood. It got millions from health insurers until the FBI raided their offices in 2019. CRACKED.COM

1.

CRACKED KEPT LYING AFTER A JOURNALIST'S INVESTIGATION After the Wall Street Journal investigated ELIZABETH HOLMES' company Theranos, Forbes changed her net worth to zero. She then said in an interview: "First they think you're crazy, then they fight you, and then, all of a sudden, you change the world."


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