Unfortunately being taken advantage of can happen to the best of us. No matter who you are, at some point someone has most likely benefited from your loss. However with celebrities and such high profile figures in the media, you would think they, of all people, would be protected. Well, apparently not.
Celebrities and the advertising industry go hand in hand like a perfectly snug blanket. Be it online, on television or even on the product itself, a firm friendship has remained between the two. With the star going home with a hefty wage packet and the advertiser churning in the big bucks, it is safe to say that it works and it's extremely profitable for both parties. Yet, what happens when such a formidable figure finds themselves in a position where they have advertised a product that they had no prior knowledge of ever agreeing to do so? Surely you would probably think that this kind of publicizing was illegal, however, due to various loopholes and legal jargon, it is actually starting to become an enormous problem throughout the world.
Whether it’s the celebrity having no knowledge of the product at all, or purposefully attaching their name to a shady looking business without doing their research, the result is always the same. From deceiving its consumers into purchasing its products, or from deceiving its stars into selling their products, the temptation to do so will also be too powerful to ignore. With the likes of Oprah Winfrey to David Beckham and such high celebs as Kim Kardashian and Kanye West, it seems as if no one is safe from the almighty endorsement scam.
12 Garcinia Cambogia - Dr. Oz
Quack Doctor, Dr Oz was slapped on the wrists for promoting the weight loss supplement 'Garcinia Cambogia', a tropical fruit that claims to burn fat quickly and help extreme weight loss. Whilst advertising the product on his popular daytime show, Dr Oz claimed that the product itself is extremely credible with numerous accounts of scientific evidence. Later when questioned about false advertising by the chairwoman of Consumer Protection, Product Safety and Insurance, Senator Claire McCaskill asked, "I don't get why you need to say this stuff when you know it's not true. When you have this amazing megaphone, why would you cheapen your show? ... With power comes a great deal of responsibility." Ouch!
11 Impotence Pills and Condoms - David Beckham
10 Raspberry Ketone - Adele
9 Super Replicas - Steven Spielberg
8 Neurocell Pills - Denzel Washington
7 Chez Gabriela Studio - Jennifer Aniston
6 Wu Long Tea - Oprah
5 Alliance Publishing - Tim Ferriss
4 The Toni Braxton Impersonator
3 Kim Kardashian's Body
2 Acai Berry - Rachel Ray
1 Bernard L. Madoff Investment Securities LLC - Kevin Bacon
In 2009, Bernard Madoff, the founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, was sentenced to 150 years in prison after he admitted that the wealth management part of his business was actually a Ponzi Scheme. With thousands of people affected, he also got his hands on some celebrities that entrusted him with their billions. With celebrities such as Steven Spielberg, Larry King and ZsaZsa Gabor all feeling the wrath of Madoff, it was Kevin Bacon and wife Kyra Sedgwick who said it best, claiming 'they lost hard earned money they thought was in a safe place'.
Sources: en.wikipedia.org ; www.scambusters.org
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