Corporate Powers Are Stealing Online Identities, Posting Fake Comments to Push for Consumer Law Repeals

Corporate Powers Are Stealing Online Identities, Posting Fake Comments to Push for Consumer Law Repeals

At least five federal agencies targeted, from internet protections to predatory lending and investments.

Photo Credit: Image by Shutterstock (c) PathDoc

Forget Russian fake news for a moment. Another extremely consequential privacy-breaching, identity-theft hack is undermining our democracy and almost certainly being perpetuated by corporate America.

A pattern of cyber deception is appearing across the federal government in the nooks and crannies of the process where White House directives or Congress’ laws are turned into the rules Americans must abide by—or in the Trump era, are repealed.

Hundreds of thousands of comments, purportedly made by Americans, have come in over the electronic transom to at least five different federal agencies calling for an end to Obama-era consumer protections and other regulations that impede profits, a series of investigative reports by the Wall Street Journal found. Except, the people who supposedly sent these comments never did.

The latest example concerns the so-called “Fiduciary Rule,” which originated in the Labor Department and was to talk effect in July 2019, to try to prevent conflicts of investment from investment advisers targeting retirees.

“Consider the experience of Robert Schubert, a Devon, Pa., salesperson,” the Journal’s report said. “A comment posted in his name on the Labor Department website opposed the rule, saying: ‘I do not need, do not want and object to any federal interference in my retirement planning.’ In an interview, Mr. Schubert said the comment was a fraud. He didn’t post it and doesn’t agree with it. ‘I am disgusted that people can post comments using my name,’ Mr. Schubert said.”

In this report, the Journal hired a polling firm that reached 50 people who allegedly commented and found that 40 percent said they didn’t post anything on the department’s website. A department spokesman told the Journal it removes fraudulent comments when notified and said posting them is a felony. But, as the Journal reported, “Most federal agencies make it difficult to independently check the authenticity of public comments; only a few publish email addresses along with the comments.

This example is just the tip of a much larger pro-corporate, anti-consumer effort……more here

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