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Anthony "Tino" De Angelis (November 3, 1915 – September 26, 2009) [3] was a Bayonne, New Jersey, commodities trader who dealt in vegetable oil futures worldwide.. In 1962 De Angelis' company, Allied Crude Vegetable Oil Refining Corporation, bilked 51 banks out of over $180 million ($1.85 billion today) in what became known as the salad oil scandal after he failed to corner the soybean oil ...
The salad oil scandal, also referred to as the soybean scandal, was an American major corporate scandal in 1963 that caused over $180 million ($1.79 billion today) in losses to corporations including American Express, Bank of America and Bank Leumi, as well as many international trading companies. [1]
Some controversy emerged in 2010 when Bertolli Extra Virgin Olive Oil was identified as one of the olive oils mislabeled as extra virgin in a study by University of California, Davis. [3] In May 2014, a complaint was filed by 7 persons in the United States District Court "against Deoleo, USA and Med Foods, Inc", two subsidiaries of Deoleo, S.A. [4]
You probably remember BP p.l.c. (NYSE:BP)'s Gulf of Mexico oil spill scandal from 2010. A BP executive told the public that only 5000 barrels of oil per day is leaking into the Gulf whereas ...
Today, Buffett has a $23 billion-plus stake in AmEx, equaling 20.4% ownership. Shares of AmEx have climbed from around $2.50 in early 1980 to more than $152 currently. AmEx has more than 77 ...
A lot of supermarket olive oil brands are disappointing, but even the olive oil snobs among us liked Bertolli. Their extra virgin olive oil is rich and full bodied, adding a bold fruity flavor to ...
1998 – Delhi oil poisoning. In New Delhi, India, edible mustard oil adulterated with Argemone mexicana seed oil caused epidemic dropsy in thousands of people, [34] because Argemone mexicana seed oil contains the toxic alkaloids sanguinarine and dihydrosanguinarine. Over 60 people died and more than 3000 were hospitalized in the 1998 incident.
The Bono brand of olive oil was the unanimous winner. Hailing from a family-owned business in Sicily, this oil delights with vibrant fruity notes that gently crescendo into a satisfying peppery ...
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