Showing posts with label italy. Show all posts
Showing posts with label italy. Show all posts

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