“The Murdoch Empire Could Be Undone”: British Phone-Hacking Scandal May Prompt U.S. Criminal Probe
The British phone-hacking scandal engulfing Rupert Murdoch’s media empire has crossed the Atlantic and could impact his maze of interests in the United States.
The watchdog group, ProtectOurElections.org, has called on the FBI and the U.S. Securities and Exchange Commission to launch criminal and civil investigations into possible prosecution under the Foreign Corrupt Practices Act in the wake of the scandal that began in the United Kingdom.
The act makes it illegal for a U.S. corporation to bribe, or attempt to bribe, foreign officials. More than half of Murdoch’s profits come from his U.S.-based Fox TV operation, which encompasses at least 27 local Fox networks and is available to more than 100 million U.S. households.
Shortly after our broadcast, Murdoch’s News Corporation bowed to government and public pressure and withdrew its bid to take full control of broadcaster BSkyB, dashing its hopes of a rapid expansion in televion
How many other corporations operate this way? Or is it just business as usual?? Make the most money, put the other guy out of business?? Put the most people out of work?? By any means necessary??