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Salad oil scandal — Wikipedia (en.wikipedia.org)
submitted 7 months ago by to c/wikipedia@lemmy.world
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The salad oil scandal, also referred to as the soybean scandal, was an American major corporate scandal in 1963 that caused over $180 million ($1.89billion today) in losses to corporations including American Express, Bank of America and Bank Leumi, as well as many international trading companies.

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[–] 12 points 7 months ago

By 1963, the amount of soybean and cottonseed oil claimed to exist in a single facility by Allied exceeded all the soybean and cottonseed oil in the country.

Oops!

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    [–] 8 points 7 months ago (3 children)

    De Angelis was convicted of fraud and conspiracy charges in connection with the scandal and served seven years in prison, gaining his release in 1972

    Seven years seems light in comparison to other crimes. Unclear if he got to keep his wealth, too.

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  • [–] [S] 15 points 7 months ago (2 children)

    White Collar Crime -> Couple years in country club federal camp

    Poor People Crime -> 20 to life in a zoo cage

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  • [–] 10 points 7 months ago (1 child)

    A lawyer once said something to the effect of, "If the legislators can envision themselves or their family doing it, it gets a light sentence. If they can't, it gets a harsh sentence."

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    • [–] 7 points 7 months ago (1 child)

    Any resemblance with AI companies is pure coincidence

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  • [–] 11 points 7 months ago

    If it turns out that some of the big datacentres they're building have just a few real servers near the front and the rest of the racks are all filled with cheap space heaters, that will be a twist.

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    • [–] 4 points 7 months ago (5 children)

    I highly recommend the Well there's your problem episode about this.

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  • [–] 10 points 7 months ago (4 children)

    I tried. I really wanted to. My son send me links for behind the bastards and I really want to listen to those too. I cannot stand the ridiculous commentary laughing BS that goes on in the background. What the hell is that with podcasts? Is there a documentary style podcast that really just gives you information without the host's 'i think I'm funny' bullshit?

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  • [–] 3 points 6 months ago

    I can't do it either, it's not just you. I get why some people like it, but I can't do the hours-long unstructured conversation podcast format. I love when they're telling a coherent, well-edited story, but those podcasts are expensive to make. I think getting a group of people together to talk about something is cheaper to make and audiences like it.

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  • [–] 3 points 7 months ago (2 children)

    Hey, different strokes for different folks.

    There is a pretty good series on youtube for maritime stuff. Brick Immortar

    If you are into car stuff you should checkout Squidd

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  • [–] 2 points 7 months ago (1 child)

    You're right. I was frustrated and too negative. Thanks for those links.

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    • [–] 2 points 7 months ago

    Of course it started in the u.s., of course it did.

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