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The Olive oil raids of 2023 in Europe refers to a coordinated law enforcement effort named Operation OPSON by Spanish, Italian police and Europol to combat a significant food fraud operation involving the production and sale of counterfeit extra virgin olive oil. This operation, uncovered by officials, involved the production of over 260,000 ...
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]
The United States is not a member of the IOC, and the US Department of Agriculture does not legally recognize its classifications, such as extra-virgin olive oil. In October 2011, the United States adopted new olive oil standards, revising those that had been in place since 1948, which affected importers and domestic growers and producers by ensuring conformity with the benchmarks commonly ...
What became known as the Salad Oil Scandal of 1963 left major banks on the hook for an adjusted $1.5 billion in bad loans.
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 ($1.79 billion today) in what became known as the Salad Oil scandal after he failed to corner the soybean oil ...
The scandal, which implicates China’s largest grain storage and transport company Sinograin, and private conglomerate Hopefull Grain and Oil Group, has raised concerns of food contamination in a ...
Starbucks’ controversial line of olive oil-infused drinks will leave U.S. stores in early November. The decision to remove the Oleato drinks from domestic menus predates newly installed CEO ...
Extra Virginity: The Sublime and Scandalous World of Olive Oil is a 2011 nonfiction book by American author Tom Mueller about olive oil.The book describes the history of olive oil, including its religious, economic, and culinary uses, as well as the current state of the olive oil industry.