Wednesday, January 4, 2012

The Hottest New Grocery Scam Could Be Lurking in Your Pantry Right Now

New book reveals olive oil scam. (Photo: Thinkstock)
New book reveals olive oil scam. (Photo: Thinkstock)

Celebrity chefs have made olive oil a $720 million business in the U.S., but a new book is blowing the lid off an industry that might be built in part on the backs of crooks.

That's the argument Tom Mueller makes in Extra Virginity: The Sublime and Scandalous World of Olive Oil. “I was sitting in a dark bar with an undercover cop in Italy, and he was telling me about deals being cut with high-level politicians and millions of dollars in EU subsidies being misappropriated,” Mueller told the New York Post. “He was speaking in this hushed tone, and I had to laugh, because this was not black-market plutonium or drugs, this was olive oil.”More.....Yahoo finance

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