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Former Wells Fargo Executive Alleges The Bank Held Fake Interviews With Women And People Of Color

Diversity, equity, and inclusion (DEI) initiatives are the vibe for most companies to create more equitable and just spaces, but if it’s rooted in dishonesty – wasn’t it counterproductive? The supposed dishonesty has people looking for answers. An ex- Wells Fargo executive alleges that the banking institution held “fake interviews” with women and people of color for jobs already filled to inflate its diversity efforts.

May 19, 2022

Black Consumers To Receive $10M In Settlement After Car Dealership Allegedly Charged Them More

An Illinois based car-dealership has found itself on the paying end of a $10 million settlement with the Federal Trade Commission (FTC) and the state attorney’s office. The settlement comes after numerous claims that the car dealer was charging illegal fees and adding additional finance charges to its Black customers. As reported by the Chicago Tribune, Ed Napleton Automotive, headquartered in Oakbrook, IL was among nine other dealerships in Illinois, Florida, Pennsylvania, and Missouri with complaints filed for similar discriminatory practices. According to the local news outlet, the joint settlement was filed in Chicago federal court alleging the dealerships across multiple states charged up to thousands in additional products like paint without any prior consent. The complaint against the dealership also alleges that Black customers were charged an estimated $190 more in interest and paid about $99 more for similar add-ons than white customers, the FTC released in a statement....

Apr 4, 2022

Here's How Crypto Scammers Managed To Steal Over $14B In 2021

Crypto scammers certainly made 2021 their year. According to a new report from CNBC, the trifling thieves took a gobsmacking $14 billion (with a B!) from their unsuspecting victims last year. That’s a 79 percent jump from the amount of money they stole in 2020 — the year the pandemic began. Analysts for CNBC blame the rise of DeFi — decentralized finance — platforms for this record-breaking uptick in theft from crypto scammers. In a nutshell: more platforms equals more opportunities for wannabe scammers to rip you off. The outlet also referred to Chainanalysis’s annual CryptoCrime report (yes, this is a thing) to analyze the trends in thievery. “DeFi is one of the most exciting areas of the wider cryptocurrency ecosystem, presenting huge opportunities to entrepreneurs and cryptocurrency users alike,” Chainalysis wrote in its annual Crypto Crime report. “But DeFi is unlikely to realize its full potential if the same decentralization that makes it so dynamic also allows for widespread...

Nearly 20 Former NBA Players Arrested For Their Alleged Role In A $4M Healthcare Scam

Nearly 20 former NBA players have been arrested by the Feds for their alleged role in a healthcare scam. NBC 4 New York was the first to break the story. According to the local NBC affiliate, the scheme involved plans to rip off the insurance provided by the league to NBA players both past and present. The charges were filed in the Southern District of New York on Thursday, Oct. 7. A full list of NBA players who were arrested in the scheme can be found below. Some of the players charged include: – Milt Palacio – Sebastian Telfair – Antoine Wright – Darius Miles – Ruben Patterson – Eddie Robinson – Gregory Smith – Glen Davis – Jamario Moon (1/2) — Tom Winter (@Tom_Winter) October 7, 2021 More former players: – Terrence Williams – Alan Anderson – Tony Allen – Shannon Brown – William Bynum – Melvin Ely – Christopher Douglas-Roberts – Tony Wroten (2/2) — Tom Winter (@Tom_Winter) October 7, 2021 “According to the grand jury indictment, the defendants allegedly engaged in a widespread...