Corporate Corruption News Stories

Excerpts of Key Corporate Corruption News Stories in Major Media

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

If you've been on social media lately, chances are you've heard about endocrine disruptors. People say they can interfere with your hormones, leading to serious health conditions. There are over 1,000 types of these chemicals, according to some estimates, and we are exposed to them daily: They can be found everywhere from your nonstick pan and canned foods to your shampoo and hair dye. The endocrine system consists of glands that secrete hormones, like estrogen, testosterone and cortisol, that then interact with targets (receptors) in the body to regulate our growth, development, reproduction, metabolism, energy balance and body weight. Chemicals that interfere with this complex communication system are called endocrine disruptors. These chemicals work in a variety of ways, including overstimulating receptors, blocking receptors so that normal hormones can't interact with them and altering hormone production or availability. Bisphenol A (BPA) is a chemical used in the production of polycarbonate plastics and epoxy resins. It belongs to the larger class of chemicals called bisphenols. The primary exposure for most people is through their diet: BPAs can leach into food or drinks from the protective, internal epoxy resin coatings of canned foods and from consumer products such as polycarbonate tableware, food storage containers and water bottles. Laboratory experiments ... have found that BPAs may cause cancer cell growth.

Note: For more along these lines, read our concise summaries of news articles on health and toxic chemicals.

A major settlement announced this week brought an end to a lengthy battle between chemical manufacturer Monsanto and students, parents and staff of a Monroe school who were exposed to toxic PCBs for years. PCBs, or polychlorinated biphenyls, are human-made chemicals that the Environmental Protection Agency has linked to some cancers and other illnesses. They festered at Sky Valley Education Center, an alternative school in Snohomish County, where fluorescent lights and building caulking were contaminated. The preservatives were once widely relied upon for building durability, but the EPA has since banned their use. More than 200 people from Sky Valley blamed their serious illnesses on exposure to the toxicant. This week's announcement marks the largest, and only significant, PCB personal injury settlement since Monsanto was acquired by Bayer Pharmaceuticals in 2018 And it appears to be among the largest, if not the largest, PCB settlement stemming from a single site containing the pollutant. The terms of the settlement, including the dollar amount, are confidential. But in July, before the agreement, Germany-based Bayer informed its investors that it had set aside 530 million euros, or about $618 million, for Sky Valley settlements and litigation costs. Sky Valley students, staff and others ... described devastating diagnoses, including various cancers, brain damage, autoimmune diseases and miscarriages. Some, including children, reportedly died.

Note: For more along these lines, read our concise summaries of news articles on corporate corruption and toxic chemicals.

French MPs gave themselves a round of applause for approving legislation to reintroduce a banned pesticide last month. A figure rose from the public gallery to shout: "You are supporters of cancer ... and we will make it known." Fleur Breteau made it known. Her outburst and appearance – she lost her hair during chemotherapy for breast cancer – boosted a petition against the "Duplomb law" to well over 2m signatures. On Thursday, France's constitutional court struck down the government's attempt to reintroduce the pesticide acetamiprid – a neonicotinoid banned in France in 2018 but still used as an insecticide in other EU countries as well as the UK – in a judgment that took everyone by surprise. The ruling said the legislature had undermined "the right to live in a balanced and healthy environment" enshrined in France's environmental charter. For Breteau, 50, a battle is won but the struggle goes on. "The law is a symptom of a sick system that poisons us. The Duplomb law isn't the real problem. It's aggravating an already catastrophic system," she said. "We are living in a toxic world and need a revolution to break the chain of contamination in everything ... If people don't react we'll find ourselves in a world where we cannot drink water or eat food that is uncontaminated, where a slice of buttered bread or a cup of tea poisons us. It will be a silent world, without animals, without insects, without birds."

Note: For more along these lines, read our concise summaries of news articles on health and toxic chemicals.

The transparency of donations to the World Health Organization (WHO) Foundation–an independent body that seeks funds from across industry, civil society and governments, and awards grants to the WHO – has plummeted over its first 3 years of operations, a new analysis has found. The analysis found that the majority of donors are not publicly disclosed, including some unnamed gifts as big as $11 million, which raises concerns about the potential "level of outside influence and role of commercial interests in setting WHO priorities," the researchers wrote. In 2020, the foundation was set up to solicit funds from a wider range of donors than the WHO can directly accept, including wealthy individuals and corporations. Some academics and civil society organizations are concerned that accepting donations from industry, such as businesses selling alcohol and infant formula, poses a conflict of interest. Evidence suggests that some companies use donations "as opportunities to distract or reframe product harms.., and assist wider lobbying efforts against public health regulation," wrote the authors of the new analysis. Using a scale to judge transparency in donations developed by Open Democracy, an independent international media platform, the researchers gave the WHO Foundation a D grade. This grade is for organizations that only name a minority of funders and not in a systematic way, putting it on par with some ‘dark money' think tanks.

Note: Concerns about WHO's growing dependence on opaque funding are not abstract. Past investigations show how Purdue Pharma influenced WHO opioid guidelines to expand sales globally and how Coca-Cola–linked consultants shaped WHO's aspartame reviews. Bill Gates' hundreds of millions to WHO now give him outsized influence to prioritize corporate interests under the guise of public health philanthropy, which have led to mass suicides in India, worsening environmental degradation and poverty in Africa, and increasing corporate control over the media.

As the 2025 USDA Dietary Guidelines for Americans take shape, a serious disconnect threatens public health. Some advocates are calling for higher intake of animal fats and promoting so called ancestral or animal based keto diets, citing traditional wisdom and nutrient density. Diets like Keto often rely on meat and dairy from industrial production systems, where contamination with drugs and chemicals is routine. The promise of healing through meat and fat collapses when those foods carry residues of antibiotics, steroid hormones, synthetic preservatives, arsenicals, cocciodiostats, and pesticides. Many of these toxins accumulate precisely in the fats and organs being celebrated as nutrient rich. A decade ago, as policy director at the Center for Food Safety, I helped publish a report entitled "America's Secret Animal Drug Problem," identifying over 450 animal drugs and feed additives used in U.S. meat production. That number alarmed me then. Today, the Food and Drug Administration has approved nearly 700 veterinary drugs for use in food-producing animals. This figure includes not only growth promoters and antibiotics but also synthetic hormones, beta agonists, coccidiostats, and antiparasitics. Less than 1% of meat and dairy in the United States is produced in regenerative organic systems on pasture. The remaining 99% comes from animals housed in industrial facilities, fed chemically saturated GMO grains.

Note: For more along these lines, read our concise summaries of news articles on factory farming and toxic chemicals.

Digital technology was sold as a liberating tool that could free individuals from state power. Yet the state security apparatus always had a different view. The Prism leaks by whistleblower Edward Snowden in 2013 revealed a deep and almost unconditional cooperation between Silicon Valley firms and security apparatuses of the state such as the National Security Agency (NSA). People realized that basically any message exchanged via Big Tech firms including Google, Facebook, Microsoft, Apple, etc. could be easily spied upon with direct backdoor access: a form of mass surveillance with few precedents ... especially in nominally democratic states. The leaks prompted outrage, but eventually most people preferred to look away. The most extreme case is the surveillance and intelligence firm Palantir. Its service is fundamentally to provide a more sophisticated version of the mass surveillance that the Snowden leaks revealed. In particular, it endeavors to support the military and police as they aim to identify and track various targets – sometimes literal human targets. Palantir is a company whose very business is to support the security state in its most brutal manifestations: in military operations that lead to massive loss of life, including of civilians, and in brutal immigration enforcement [in] the United States. Unfortunately, Palantir is but one part of a much broader military-information complex, which is becoming the axis of the new Big Tech Deep State.

Note: For more along these lines, read our concise summaries of news articles on corruption in the intelligence community and in Big Tech.

Amid escalating anti-immigrant rhetoric ... private prison corporations are once again expanding their grip on U.S. detention policy. In fact, today roughly 90 percent of detained immigrants are held in privately operated facilities, the highest share in history. The industry is instead preparing for explosive growth. On recent earnings calls, CoreCivic executives announced plans to triple the number of beds in their facilities within a few months. That would mean an additional $1.5 billion in revenue for the corporation, more than doubling its annual earnings. Meanwhile, growing scrutiny of immigration detention practices has led to reports of abuse, medical neglect, and deaths in custody. Privatization, with the cost-cutting practices that define it, is the structural driver of human rights violations at these facilities. Private prisons corporations are just one piece of the sprawling prison industry. The U.S. carceral system is comprised of a vast and deeply entrenched network of public-private partnerships that make billions from incarceration and detention. Commissary corporations mark-up basic hygiene items like toothpaste or tampons by 300 percent or more. Private healthcare providers routinely deny or delay treatment, contributing to suffering and preventable deaths behind bars. Private food vendors serve meals that are frequently expired or nutritionally inadequate, all in the name of cutting costs and maximizing returns.

Note: For more along these lines, read our concise summaries of news articles on immigration enforcement corruption.

Staff at a Santa Barbara county jail heard screams coming from one of the cells. A 57-year-old inmate was moaning and hyperventilating. Rather than sending her to the ER, medical staff chalked her pain up to opioid withdrawal, since they had taken a prescription opioid away upon her arrival days before, a grand jury investigation later found. They placed the inmate – referred to as CF in the grand jury's report – on mental health observation. The grand jury determined that CF's stomach had perforated days before her excruciating death. CF would have had a 90% chance of survival if she had received immediate treatment. Wellpath, one of the nation's leading health providers to prisons and jails, was the contractor responsible for healthcare at Santa Barbara county's Northern Branch jail, where CF died. The grand jury's report is the latest in over a decade of government investigations into two behemoths in the prison health industry – Wellpath and Corizon – which are both backed by private equity investors. Both Corizon and Wellpath continued to contract with jails, prisons, immigration and juvenile detention centers around the country until they faced so much liability ... that both landed in bankruptcy court over the last two years. Both companies were still operating in some form while restructuring in Chapter 11 bankruptcy proceedings, and had reorganization plans confirmed in bankruptcy court this year that allowed them to ... continue their prison contracts.

Note: According to this Guardian article, "More and more people, especially the relatively poor, may live almost their entire lives in systems owned by one or another private equity firm: financiers are their landlords, their electricity providers, their ride to work, their employers, their doctors, their debt collectors." For more along these lines, read our concise summaries of news articles on corruption in prisons and in the financial system.

A US senator on Wednesday released a report that detailed how private equity firms have ruined hospitals in his home state and across the country. The report from Sen. Chris Murphy (D-Conn.) documented what happened when three Connecticut hospitals–Waterbury Hospital, Rockville General, and Manchester Memorial–were bought by Prospect Medical Holdings, a private equity-backed healthcare firm. Ramona, an operating room assistant at Waterbury Hospital cited in the report, explained how Prospect went to extreme lengths to avoid spending money. She explained to Murphy that Prospect at one point stopped paying vendors, which resulted in supplies eventually growing "so scarce patients were sometimes left on the operating table while staff scrambled" to find the necessary equipment. Staff members eventually started buying supplies themselves, with some even going so far as to buy food for their patients to ensure that they did not go hungry. Prospect didn't just skimp on buying supplies for the hospitals but also on maintaining the buildings themselves. A unit secretary at Waterbury Hospital named Carmen told Murphy's staff of two instances where the ceiling at the building literally fell down due to years of neglect. Murphy's report also emphasized that the story of private equity stripping hospitals for parts is not unique to his state. "The story of these three Connecticut hospitals is playing out in healthcare systems all over the country," it said.

Note: According to this Guardian article, "More and more people, especially the relatively poor, may live almost their entire lives in systems owned by one or another private equity firm: financiers are their landlords, their electricity providers, their ride to work, their employers, their doctors, their debt collectors." For more along these lines, read our concise summaries of news articles on health and financial system corruption.

Americans working for a little known U.S.-based private military contractor have begun to come forward to media and members of Congress with charges that their work has involved using live ammunition for crowd control and other abusive measures against unarmed civilians seeking food at controversial food distribution sites run by the Global Humanitarian Fund (GHF) in Gaza. UG Solutions was hired by the GHF to secure and deliver food into Gaza. Israel put GHF in control of what used to be the UN-led aid mission. The UN, ... has called the new model an "abomination" which "provides nothing but starvation and gunfire to the people of Gaza," referring to the 1000 Gazans who have been killed near or at the GHF centers since May. The Israeli Defense Forces (IDF) have been accused of shooting and shelling unarmed civilians. The American contractors say they have witnessed it and have been told to use live ammunition in their own crowd control efforts. UG Solutions is a mercenary group. They are not a party to the conflict in Gaza, were recruited to participate in hostilities, were not sent by the U.S. government, are not a national of a party in the conflict, are not part of a military, and are there for personal gain. Similar to Blackwater, they are primarily doing defensive operations and the U.S. State Department has helped fund the GHF but they are headquartered in the U.S. working for a foreign entity, in a combat zone, for money.

Note: Learn more about human rights abuses during wartime in our comprehensive Military-Intelligence Corruption Information Center. For more, read our concise summaries of news articles on war.

Last April, in a move generating scant media attention, the Air Force announced that it had chosen two little-known drone manufacturers – Anduril Industries of Costa Mesa, California, and General Atomics of San Diego – to build prototype versions of its proposed Collaborative Combat Aircraft (CCA), a future unmanned plane intended to accompany piloted aircraft on high-risk combat missions. The lack of coverage was surprising, given that the Air Force expects to acquire at least 1,000 CCAs over the coming decade at around $30 million each, making this one of the Pentagon's costliest new projects. But consider that the least of what the media failed to note. In winning the CCA contract, Anduril and General Atomics beat out three of the country's largest and most powerful defense contractors – Boeing, Lockheed Martin, and Northrop Grumman – posing a severe threat to the continued dominance of the existing military-industrial complex, or MIC. The very notion of a "military-industrial complex" linking giant defense contractors to powerful figures in Congress and the military was introduced on January 17, 1961, by President Dwight D. Eisenhower in his farewell address. In 2024, just five companies – Lockheed Martin (with $64.7 billion in defense revenues), RTX (formerly Raytheon, with $40.6 billion), Northrop Grumman ($35.2 billion), General Dynamics ($33.7 billion), and Boeing ($32.7 billion) – claimed the vast bulk of Pentagon contracts.

Note: For more along these lines, read our concise summaries of news articles on Big Tech and military corruption.

A series of corporate leaks over the past few years provides a remarkable window in the hidden engines powering social media. In January 2021, a few Facebook employees posted an article on the company's engineering blog purporting to explain the news feed algorithm that determines which of the countless posts available each user will see and the order in which they will see them. Eight months later ... a Facebook product manager turned whistleblower snuck over ten thousand pages of documents and internal messages out of Facebook headquarters. She leaked these to a handful of media outlets. Internal studies documented Instagram's harmful impact on the mental health of vulnerable teen girls. A secret whitelist program exempted VIP users from the moderation system the rest of us face. It turns out Facebook engineers have assigned a point value to each type of engagement users can perform on a post (liking, commenting, resharing, etc.). For each post you could be shown, these point values are multiplied by the probability that the algorithm thinks you'll perform that form of engagement. These multiplied pairs of numbers are added up, and the total is the post's personalized score for you. Facebook, TikTok, and Twitter all run on essentially the same simple math formula. Once we start clicking the social media equivalent of junk food, we're going to be served up a lot more of it–which makes it harder to resist. It's a vicious cycle

Note: Read our latest Substack focused on a social media platform that is harnessing technology as a listening tool for the radical purpose of bringing people together across differences. For more along these lines, read our concise summaries of news articles on Big Tech and media manipulation.

Data brokers are required by California law to provide ways for consumers to request their data be deleted. But good luck finding them. More than 30 of the companies, which collect and sell consumers' personal information, hid their deletion instructions from Google. This creates one more obstacle for consumers who want to delete their data. Data brokers nationwide must register in California under the state's Consumer Privacy Act, which allows Californians to request that their information be removed, that it not be sold, or that they get access to it. After reviewing the websites of all 499 data brokers registered with the state, we found 35 had code to stop certain pages from showing up in searches. While those companies might be fulfilling the letter of the law by providing a page consumers can use to delete their data, it means little if those consumers can't find the page, according to Matthew Schwartz, a policy analyst. "This sounds to me like a clever work-around to make it as hard as possible for consumers to find it," Schwartz said. Some companies that hid their privacy instructions from search engines included a small link at the bottom of their homepage. Accessing it often required scrolling multiple screens, dismissing pop-ups for cookie permissions and newsletter sign-ups, then finding a link that was a fraction the size of other text on the page. So consumers still faced a serious hurdle when trying to get their information deleted.

Note: For more along these lines, read our concise summaries of news articles on Big Tech and the disappearance of privacy.

In Silicon Valley, AI tech giants are in a bidding war, competing to hire the best and brightest computer programmers. But a different hiring spree is underway in D.C. AI firms are on an influence-peddling spree, hiring hundreds of former government officials and retaining former members of Congress as consultants and lobbyists. The latest disclosure filings show over 500 entities lobbying on AI policy–from federal rules designed to preempt state and local safety regulations to water and energy-intensive data centers and integration into government contracting and certifications. Lawmakers are increasingly making the jump from serving constituents as elected officials to working directly as influence peddlers for AI interests. Former Sen. Laphonza Butler, D-Calif., a former lobbyist appointed to the U.S. Senate to fill the seat of Sen. Dianne Feinstein, left Congress last year and returned to her former profession. She is now working as a consultant to OpenAI, the firm behind ChatGPT. Former Sen. Richard Burr, R-N.C., recently registered for the first time as a lobbyist. Among his initial clients is Lazarus AI, which sells AI products to the Defense Department. The expanding reach of artificial intelligence is rapidly reshaping hundreds of professions, weapons of war, and the ways we connect with one another. What's clear is that the AI firms set to benefit most from these changes are taking control of the policymaking apparatus to write the laws and regulations during the transition.

Note: For more, read our concise summaries of news articles on AI and Big Tech.

It's no secret that cable news networks have partisan reputations. But new research shows the divide extends beyond which party a network appears to support. Over the past decade, these networks have increasingly focused on criticizing the opposing political party, a tactic researchers say is less about informing viewers and more about "selling anger." "These networks are more interested in talking about the opposing political party rather than their own candidates. This was not the case 15, 20 years ago," said Diego Garcia, the ... co-author of the working paper. The findings show that politics dominates cable news, accounting for about 60% of all named individuals mentioned–rising to over 75% during election years. But more revealing is who gets talked about: MSNBC spends more time discussing Republicans than Democrats, while Fox News focuses more heavily on Democrats. In 2024, Fox covered Democrats 60% of the time, with MSNBC showing the reverse. Garcia speculates that cable networks began to test different kinds of content when social media became widespread in the mid-2010s, and discovered that outrage boosts viewership. "I think Fox was the first one to figure this out, and they started pushing this negative rhetoric in their news," he said. "They're actually now the No. 1 cable news channel in the U.S. by far." Fox News now commands over 60% of the cable news audience–a dramatic jump from a more evenly split landscape a decade ago.

Note: Watch our 31-min video titled, "How to Transform Media Polarization, One Echo Chamber At A Time." For more along these lines, read our concise summaries of news articles on media manipulation.

Health practitioners are becoming increasingly uneasy about the medical community making widespread use of error-prone generative AI tools. In their May 2024 research paper introducing a healthcare AI model, dubbed Med-Gemini, Google researchers showed off the AI analyzing brain scans from the radiology lab for various conditions. It identified an "old left basilar ganglia infarct," referring to a purported part of the brain – "basilar ganglia" – that simply doesn't exist in the human body. Board-certified neurologist Bryan Moore flagged the issue ... highlighting that Google fixed its blog post about the AI – but failed to revise the research paper itself. The AI likely conflated the basal ganglia, an area of the brain that's associated with motor movements and habit formation, and the basilar artery, a major blood vessel at the base of the brainstem. Google blamed the incident on a simple misspelling of "basal ganglia." It's an embarrassing reveal that underlines persistent and impactful shortcomings of the tech. In Google's search results, this can lead to headaches for users during their research and fact-checking efforts. But in a hospital setting, those kinds of slip-ups could have devastating consequences. While Google's faux pas more than likely didn't result in any danger to human patients, it sets a worrying precedent, experts argue. In a medical context, AI hallucinations could easily lead to confusion and potentially even put lives at risk.

Note: For more along these lines, read our concise summaries of news articles on AI and corruption in science.

It's been about 10 months since I wrote an essay for The Free Press in which I lamented, much more in sorrow than in anger, that NPR, my journalistic home for 25 years, had lost the trust of a large segment of the country. Public radio news had devolved into a doctrinaire source of what I called "one story after another about instances of supposed racism, transphobia, signs of the climate apocalypse, Israel doing something bad, and the dire threat of Republican policies." In 2020 alone, we dismissed the very possibility of a Covid lab leak in China, and our then–managing editor refused even to cover Hunter Biden's laptop, calling it "not really" a story. Now the crisis is at hand. Republicans control Congress and the White House, and they seem serious about what had previously been ritualistic GOP threats to cut public media. Katherine Maher, the NPR CEO ... has been called before the House Subcommittee on Delivery on Government Efficiency. The immediate past CEO of NPR, the late John Lansing, declared diversity, equity, and inclusion "the North Star" of the organization. In 2021, I found 87 registered Democrats among NPR editorial staff residing in D.C., where the network is headquartered. There were zero Republicans. Is NPR doing anything to address this seeming lack of viewpoint diversity, such as hiring journalists from conservative media, recruiting military veterans, or seeking candidates who attended religious colleges and state universities?

Note: Read more about the major problems Uri Berliner encountered at NPR. For more along these lines, read our concise summaries of news articles on corporate corruption and media manipulation.

Wildlife activists who exposed horrific conditions at Scottish salmon farms were subjected to "Big Brother" surveillance by spies for hire working for an elite British army veteran. One of the activists believes he was with his young daughter ... when he was followed and photographed by the former paratrooper Damian Ozenbrook's operatives. The surveillance of [Corin] Smith and another wildlife activist, Don Staniford, began after they paddled out to some of the floating cages where millions of salmon are farmed every year ... and filmed what was happening inside. The footage, posted online and broadcast by the BBC in 2018, showed fish crawling with sea lice. Covert surveillance by state agencies is subject to legislation that includes independent oversight. But once highly trained operatives leave the police, military or intelligence services, the private firms that deploy them are barely regulated. Guy Vassall-Adams KC, a barrister who has worked for the targets of surveillance, including anti-asbestos activists infiltrated by private spies, believes these private firms "engage in highly intrusive investigations which often involve serious infringements of privacy." He added. "It's a wild west." One firm, run by a former special forces pilot, was found to have infiltrated Greenpeace, Friends of the Earth and other environmental groups for corporate clients in the 2000s. Another, reportedly founded by an ex-MI6 officer, was hired in 2019 by BP to spy on climate campaigners.

Note: For more along these lines, read our concise summaries of news articles on factory farming and the disappearance of privacy.

Preschools and funeral homes, car washes and copper mines, dermatologists and datacentres – private equity is anywhere and everywhere that money changes hands. If it can in any way be marketed or monetised, private equity firms have bought it. By some estimates, these firms now control more than $13tn invested in more than 50,000 companies worldwide. "We cannot overestimate the reach of private equity across the global economy," Sachin Khajuria, a former partner at Apollo Global Management, which manages half a trillion dollars in assets, wrote in 2022. More and more people, especially the relatively poor, may live almost their entire lives in systems owned by one or another private equity firm: financiers are their landlords, their electricity providers, their ride to work, their employers, their doctors, their debt collectors. Private equity firms and related asset managers "increasingly own the physical as well as financial world around us," the scholar Brett Christophers writes. "All of our lives are now part of their investment portfolios." In order to drive up profits, private equity-controlled dental chains have induced children to undergo multiple unnecessary root canals. One child even died as a result. Some of the most heinous accounts have come from private equity-owned treatment centres for young people with behavioural problems, where children have been physically abused, raped and killed. These cases are extreme, but they are not isolated.

Note: BlackRock and Vanguard manage over $11 trillion and $8 trillion respectively–an unprecedented concentration of financial power. We hear outrage about billionaires and oligarchs, but rarely about private equity firms, who are backed by both political parties and are drastically reshaping our economy, contributing to environmental destruction, and extracting wealth from communities in the US and all over the world. For more along these lines, read our concise summaries of financial inequality and financial industry corruption.

In the last decade, private equity firms have been quietly taking control of dental care from behind the scenes, largely through secondary business organizations that push dental practices to cut costs and, in some cases, encourage unnecessary and irreversible dental procedures. In 2024, the dental industry witnessed 161 private equity deals – the highest number of any health care industry, as tracked by the watchdog organization, Private Equity Stakeholder Project. The data reveals that these investment firms are increasingly acquiring dental practices or inserting themselves into clinic management roles, where they then cut corners on patient care. The dental industry is an especially alluring target for private equity firms because it's comprised of thousands of independent clinics, offering investors a fragmented industry to consolidate and streamline. Between 2011 and 2019, private equity firms bought up $4.4 billion worth of dental practices. Dentists at ClearChoice Dental Implant Centers – a dental chain owned by Aspen Dental, one of the largest dental service organizations – were allegedly extracting healthy teeth from patients and replacing them with expensive implants. Experts have warned in various lawsuits against the implant center that this irreversible procedure exposes patients to excessive costs and surgery complications, plus a greater risk of future dental problems like infections and bone loss.

Note: BlackRock and Vanguard manage over $11 trillion and $8 trillion respectively–an unprecedented concentration of financial power. We hear outrage about billionaires and oligarchs, but rarely about private equity firms, who are backed by both political parties and are drastically reshaping our economy, contributing to environmental destruction, and extracting wealth from communities in the US and all over the world. For more along these lines, read our concise summaries of news articles on health and financial industry corruption.

Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.