The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "profit" ...
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Green Inc., Environmentalism for Profit
With the groundbreaking series Green Inc., USA Today for the first time uncovers the truth behind the soaring movement toward constructing buildings that are certified as environmentally friendly. The series shows how "green" buildings often are barely different from their supposedly conventional counterparts -- except that green-building designers and owners often win huge tax breaks, zoning waivers and other valuable perks from government agencies. The series involves an unprecedented analysis of records for 7,100 green-certified buildings to show how the designers follow the easiest and cheapest steps to get certified. Numerous freedom-of-information requests revealed the enormous tax breaks awards to the building designers and owners, and also show how some buildings are falling far short of their environmental promise.
Tags: Environmental friendly; taxes; green buildings; certificated
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Fishy Business
Boston Globe reporters Jenn Abelson and Beth Daley captured the attention of consumers across the nation with their 2011 “Fishy Business” series, which revealed widespread mislabeling of seafood at restaurants. DNA testing commissioned by the Globe showed diners frequently – and unwittingly -- overpaid for less desirable species. In 2012, the Globe produced two more “Fishy Business” installments to expand and follow up on the initial investigation. First, Abelson spent several months examining how fish processors add water to seafood to increase profits. The Globe hired an independent lab to conduct an analysis of 43 fish samples collected from supermarkets across Massachusetts. The results, presented in a multimedia package in September 2012, showed consumers often pay for excess water when they buy scallops and frozen fish. About 1 in 5 of the samples weighed less than what was stated on packages. The testing also showed 66 percent of the fish from one supplier had too much ice. The Globe also wanted to verify restaurants and wholesalers had changed their ways following the newspaper’s 2011 investigation and resulting calls for reform. Daley and Abelson returned to 58 restaurants that served the wrong fish in 2011 to collect new samples. DNA tests showed 76 percent did not match what restaurants advertised on their menus. The resulting third installment of “Fishy Business,” published in December 2012, detailed these findings. In addition, Abelson and Daley explained how accountability is lost in the fish supply chain by investigating a major wholesaler that provided mislabeled fish to some of the region’s best-known restaurants.
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Profiting from the Auto-Bailout
September, 2012 the Obama campaign launched television ads blasting Romney’s November 2008 New York Times op-ed, “Let Detroit Go Bankrupt.” In an article for The Nation Magazine, funded by The Nation Investigative Fund we discovered that Ann Romney, personally gained at least $15.3 million from the bailout—and a few of Romney’s most important Wall Street donors made more than $4 billion. Their gains, and the Romneys’, were astronomical—more than 3,000 percent on their investment. It all starts with Delphi Automotive, a former General Motors subsidiary whose auto parts remain essential to GM’s production lines. No bailout of GM—or Chrysler, for that matter—could have been successful without saving Delphi. So, in addition to making massive loans to automakers in 2009, the federal government sent, directly or indirectly, more than $12.9 billion to Delphi—and to the hedge funds that had gained control over it. One of the hedge funds profiting from that bailout— $1.28 billion at the time of publication — was Elliott Management, directed by Romney supporter, Paul Singer.
Tags: Bailout; political campaign; Obama; Romney; Paul Singer
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For-Profit-College Business Model Breeds Exploitative Marketing Tactics
In the first radio piece: Interviews with former recruiters, faculty, administrators and students of a small group of for-profit colleges in Minnesota paint a picture of schools that are exploiting unsophisticated students for their financial-aid money. Analysis points to a high-enrollment, high-dropout business model that earns the company millions but provides questionable return on taxpayer investment. In the second radio piece: Political differences at the federal level make it unclear how much the government will regulate for-profit colleges. At the Minnesota state level, the leading official for higher-ed says his agency doesn’t have the resources to go after problem colleges – and isn’t sure whether beefing up enforcement would be the best use of higher-education funding.
Tags: Non-profit colleges; financial aid; business models; for-profit colleges
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Dark Markets
The Wall Street Journal’s coverage of financial markets in 2012 performed a rare and extraordinary service: It exposed evidence of hidden manipulation by corporate executives and professional traders that the markets’ official government watchdogs were utterly unaware of. Reflecting potential widespread harm to millions of ordinary investors, federal prosecutors and securities regulators raced to follow the Journal stories with major investigations. A team of reporters spent six months creating a database examining how more than 20,000 corporate executives traded their own companies’ stocks over the course of eight years. What the team found was disturbing: More than 1,000 executives had generated big profits, or avoided big losses, by trading their company stock in the days ahead of corporate news announcements that led to big moves in the shares. The Journal also exposed a regulatory loophole that had helped the executives take advantage of inside knowledge ahead of other investors. The Federal Bureau of Investigation, the Manhattan U.S. Attorney's office and the Securities and Exchange Commission all launched investigations the day the Journal article appeared.
Tags: Financial markets; corporate executives; stocks; Federal Bureau of Investigation
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Policing For Profit
NewsChannel 5's award-winning investigative team wrapped up a two-year investigation into practices that some call "policing for profit" with a primetime documentary that aired Friday, Dec. 21. The one-hour special included actual police "dashcam" videos of officers seizing cash from out-of-state drivers and extended interviews that have never been aired. The documentary examines civil forfeiture laws that allow Tennessee police to legally take cash from individuals based on suspicion that the money might be linked to drug trafficking. If an individual does not take legal action to recover the money, the police agency gets to keep it all – sometimes to pay the salaries of the officers seizing the cash. As our investigation showed, such "profit motives" create the potential for corruption.
Tags: Police officers; corruption; drug trafficking; civil forfeiture laws
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Hidden Wealth of Azerbaijan President
The President of oil-rich Azerbaijan, Ilham Aliyev, has been compared to a Mafia crime boss in US diplomatic cables, and man analysts refer to him as a dictator. OCCRP looked deeper than those labels and found that the Aliyev family has systematically grabbed shares of the most profitable businesses in the country. Investigative reports by OCCRP and Radio Free Europe have revealed and more importantly proven for the first time that the ruling family has secret ownership stakes through offshore companies in the country’s largest businesses, including banks, construction companies, gold mines and phone companies. The government Aliyev runs gave these shares. The family also has secretly amassed high-end property in places like the Czech Republic. The Azeri government responded to the revelations first with silence and now claims that OCCRP is an agent of the rival Armenian government. Aliyev’s administration also failed to investigate the harassment and blackmail of OCCRP and RFE journalist Khadija Ismayilova earlier this year. While Azerbaijan has worked at improving its image worldwide, OCCRP’s reporting makes clear that a petty dictatorship remains in control.
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Local officials are likely to profit from fracking in Southern Tier
Local government officials have been lobbying the state to the controversial oil and gas extraction process known as fracking. But when they spoke at public hearings and pushed in other forums, were they just representing their communities, or did they have more at stake? In a four-month investigation, SUNY New Paltz students reviewed thousands of public records in two states. The investigation found more than 30 locally elected officials who have been outspoken proponents for fracking. Public records and additional examinations identified about 20 percent of those with more than political philosophy at stake — the chance to gain personally and financially. To open government advocates such as Common Cause, these instances raise concerns about transparency and conflicts of interest among locally elected officials. About six months after publication, and after further moves by local officials to press the state to approve fracking, the state attorney general has launched inquiries into whether local officials have violated conflicts of interest.
Tags: Oil; gas; oil and gas extraction; fracking
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The Price of Protection
The first in-depth report about a troubled and secretive civil-commitment program for dangerous sex offenders in Washington state. It revealed waste of taxpayer money, unconstrained legal costs, profiteering by expert witnesses, and chronic problems with staff at the high-security facility for the offenders.
Tags: Sex offenders; taxes; taxpayers; facility staff
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Grandma can’t accept your call: Inmates disconnected by phone costs
This series of stories started with a simple question. Why does it cost so much for inmates to make calls from the Cook County Jail? In the course of my reporting on criminal and legal affairs for WBEZ, the public radio station in Chicago, I had heard numerous people complain about the high cost of phone calls. Some digging confirmed that the price could be as high as $15.00 for 15 minute calls. Three or four calls a week at that price gets expensive even for financially stable middle class folks, but the people paying these fees were mostly the poorest residents in Chicago. That’s because most of the people in the Cook County Jail are there because they and their families couldn’t afford to post bond of a couple thousand, or sometimes even just hundreds of dollars to secure their freedom while awaiting trial. They are the people who are least able to afford such expensive phone calls. A few FOIA requests revealed the scheme (and scheme is the right word… I just looked it up: a crafty or secret plan of action). Cook County gave an exclusive phone contract to a company called Securus Technologies. Securus charged inflated phone rates and their exclusive deal in the jail meant inmates wanting to talk to their families or arrange their defense had no choice but to pay the rates. Securus then paid back to the county 57½ percent of the revenue from the calls. It netted the county about $4 million a year. Securus wouldn’t tell us their take but I imagine they did alright too. All of the money was coming out of the pockets of the poorest residents in Cook County, people who couldn’t even afford to post bond for their freedom. (As an aside, this isn’t just an issue in Cook County. According to its website Securus provides the phone systems for 850,000 inmates in 2,200 jails and prisons across the country.) Our reporting shed public light on a hugely profitable contract that no one was paying attention to. We documented the lives of the impoverished people getting hammered by the policy and then turned the hammer on the local elected officials to ask them to explain how this was a good policy. The public officials responded in a way that once again proved the genius of democracy. Our efforts and the results are detailed in subsequent answers below.
Tags: prison inmates; phone calls; fees