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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
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Russian police bust $30 million contraband cheese ring

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Laura Lorenzetti
Laura Lorenzetti
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By
Laura Lorenzetti
Laura Lorenzetti
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August 19, 2015, 2:08 PM ET
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Parmigiano Reggiano Cheese on shelves, Parma, ItalyPhotograph by Getty Images/Gallo Images
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Fake cheese doing the rounds? Fear not. The Russian authorities have come to the rescue, preserving the sanctity of cheese in Russia and arresting six people along the way.

An international ring of schemers were involved in producing contraband cheese worth about 2 billion rubles, or nearly $30 million, according to CBS News. The crackdown is part of the Russian government’s plan to enforce a ban on imports of Western products.

The ring of schemers, six of whom were taken into custody Tuesday, had allegedly been fixing fake labels on banned cheeses to then sell to supermarket chains in Moscow and St. Petersburg.

Russian authorities have been cracking down on contraband food — much of which was banned a year ago — in retaliation for U.S. and European sanctions against the country. Government workers have destroyed 48 tons of animal products and 552 tons of fruits and vegetables seized to date, the national agricultural oversight agency said.

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