BIG Corrup$ion

BIG....Bad Data

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BAD DATA? Nielsen Sued for Billions Over Allegedly Manipulated TV Ratings

In a huge new lawsuit, the business of TV ratings is fingered for rampant corruption by India's largest TV news network.

In a 194-page lawsuit filed in New York court late last week, NDTV accuses Nielsen of violating the Foreign Corrupt Practices Act by manipulating viewership data in favor of channels that are willing to provide bribes to its officials.

According to NDTV, rampant manipulation of viewership data has been going on for eight years, and when presented with evidence earlier this year, top executives at Nielsen pledged to make changes. But the Indian news giant says these promises have been false ones.

The Indian company is now seeking billions of dollars in damages from Nielsen, looking to punish its top corporate officers and demanding that Nielsen essentially be kicked out of the country.

The lawsuit contains merely allegations against the venerable ratings research company that operates in more than 100 countries, earns more than $5 billion a year and has been around since 1923...the complaint ...suggests that similar bad activity is happening elsewhere -- in Florida, Turkey and the Philippines...

Lying Libor Is Nothing Compared to China's Fake GDP: Report

"A fake Libor rate, the scandal involving global benchmark interest rates that has raised the level of distrust in major banks and markets, is nothing compared to the damage that could be done if China’s true economic growth figures were revealed."...“More and more investors are starting to question the Chinese math on GDP.”

"Annual gross domestic product came in at 7.6 percent in the second quarter, according to China’s government on July 13th. The report was better than investors expected...But slowing imports and industrial production, as well as harder-to-fudge electricity usage data, points to much slower growth..."

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This website is dedicated to providing a reference source on the scourge that is whirling across planet Earth destroying governments, businesses, cities, families and imperiling civilized culture by agregating and making available on one site sources of news, analysis and opinion about corruption.
Criteria for inclusion on this site of "BIG Corruption" cases: 
  • Very High level corporate and/or government official(s) involved;
  • Very Large amount of money lost;
  • International financing/aid agency program; 
  • Global impact on numerous countries/businesses/investors; and/or
  • Classic example that can be used in training/seminarsmajor cases of global fraud and corruption.
     
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