Category Archives: fools ‘n frauds

Consumers Will Commit Fraud for Cheaper Car Insurance

Posted on 19 March 2014 by Ken Zino

However, in the bold new world of snooping, two thirds (64%) of people are comfortable with a telematics type of product that would share information about the events leading to a traffic accident, in order to help determine which driver was at fault. Continue reading →

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Political Grandstanding Starts on GM Ignition Switch Deaths

Posted on 11 March 2014 by Ken Zino

In the dysfunctional ways of of now completely partisan Washington, the Republican controlled “do nothing” House is looking for political advantage here while giving the appearance that it is actually performing its legislative duties. This laughable proposition – given the record of the past decade- is increasingly hard to put forth to skeptical taxpayers of both parties. Continue reading →

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Denso Exec Guilty for Obstructing Parts Price Fixing Probe

Posted on 22 February 2014 by Ken Zino

Kazuaki Fujitani, once a director of Denso in Japan will serve one year and one day in a U.S. prison instead of the maximum price fixing penalty of 20 years in prison and a criminal fine of $250,000 for individuals. Continue reading →

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Bridgestone Latest Japanese Scofflaw as Auto Supplier Price Fixing Scandal Expands Yet Again

Posted on 13 February 2014 by Ken Zino

Including Bridgestone, 26 companies have pleaded guilty or agreed to plead guilty in the department’s ongoing investigation into price fixing and bid rigging in the automotive parts industry. Continue reading →

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More Japanese Price Fixing. Diamond Electric Execs Guilty

Posted on 1 February 2014 by Ken Zino

Including the latest charges, 28 individuals and 24 companies have caught in the government’s ongoing investigation into price fixing and bid rigging in the auto parts industry. Continue reading →

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Las Vegas Biofuels Fraud Revealed in latest EISA Scam

Posted on 20 January 2014 by Ken Zino

Two men were indicted by a federal grand jury in Las Vegas for offenses involving the badly audited federal renewable fuels program that passed out taxpayer money for the production of biodiesel among other things. Continue reading →

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Hyundai Cops Plea on Mileage Fraud Class Action

Posted on 23 December 2013 by Ken Zino

The fraud produced mileage claims that could be as much as 6 mpg higher than EPA tests showed. About 900,000 vehicles are affected in the largest mileage fraud in history, including the best-selling Kia Optima and Hyundai Elantra sedans. Both makers heavily advertise and promote fuel economy as cornerstones of their brands, of course. Continue reading →

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Prison Time for Perp in Odometer Fraud Case

Posted on 21 December 2013 by Ken Zino

A North Carolina man, Francis Marimo, will spend 18 months in prison for his role in an odometer fraud scam. Continue reading →

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BP Engineer Guilty of Obstruction of Justice in Deepwater Horizon Spill

Posted on 19 December 2013 by Ken Zino

Kurt Mix, a former engineer for BP, was convicted yesterday of intentionally destroying evidence requested by federal criminal authorities investigating the 20 April 2010, Deepwater Horizon oil spill. Mix, 52, of Katy, Texas, was convicted by a federal jury in … Continue reading →

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Odometer Fraud Continues – $760 Million lost annually

Posted on 16 December 2013 by Ken Zino

Odometer fraud remains a major problem for car owners and shoppers with more than 190,000 vehicles having their odometers rolled back every year. Continue reading →

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More Japanese Price Fixing from Stanley Electric

Posted on 27 November 2013 by Ken Zino

While the Obama Administration is pushing forward on a secret and job-destroying trade agreement with Japan, another Japanese company, Stanley Electric is caught as part of a huge price fixing cartel, which is hurting the U.S. auto industry and autoworkers as Oriental disdain for U.S. law continues unabated Continue reading →

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Japanese Price Fixing Scandal Expands Again. Now Toyo

Posted on 26 November 2013 by Ken Zino

Diogenes’ search for an honest man would be futile in Japan if the latest, but by no means the last, price fixing scandal is indicative of Asian scorn for western laws. Including Toyo, 22 companies and 26 executives have been charged in the Justice Department’s ongoing investigation into the automotive parts industry. All 22 companies have either pleaded guilty or have agreed to plead guilty and will pay more than $1.8 billion in criminal fines. Of the 26 executives, 20 have been sentenced to serve time in U.S. prisons or have entered into plea agreements calling for prison sentences. Continue reading →

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U.S. Chamber of Commerce Attacks EPA, Again, over Powerplant Emission Rules

Posted on 7 November 2013 by Ken Zino

In today’s what’s not news department, the Energy Institute President Karen Harbert of the U.S. Chamber of Commerce today called on EPA to ensure that any new powerplant emission rules are cost-effective, attainable, and don’t harm the American economy. Continue reading →

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September Unemployment National Scandal as Hiring Slows

Posted on 23 October 2013 by Ken Zino

September unemployment numbers finally released two weeks late show that a mere 148,000 jobs were added in September, keeping the unemployment rate officially above 7%. More than 11 million people who want to work are idled in an ongoing economic and social crisis. Continue reading →

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Nine Japanese Auto Parts Firms Guilty of Price Fixing

Posted on 26 September 2013 by Ken Zino

Including those announced today, 20 companies and 21 executives have been charged in the Antitrust Division’s ongoing investigation into price fixing and bid rigging in the auto parts industry, in a scandal that keeps on growing in size and raises serious systemic corruption issues for some of the largest and respected Japanese firms. AutoInformed predicts more indictments are coming. Continue reading →

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