South Carolina shrimpers sue 25 restaurants for ‘shrimp fraud,' saying deception is threatening their industry
The shrimpers accused the eateries of violating the Lanham Act and the South Carolina Unfair Trade Practices Act by marketing imported, frozen shrimp as 'wild‑caught' and 'local,' according to ABC News 4.
Don't miss
Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how
I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast)
Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it
Shrimp fraud misleads customers
The amended complaint alleged that this 'shrimp fraud' misleads consumers and damages the reputation and goodwill of legitimate Lowcountry shrimpers.
'We believe that when we invite our family, our friends, and our cherished guests to our beautiful Lowcountry, they deserve nothing less than the real, authentic thing — and in this case, that means our delectable and incomparable, wild-caught South Carolina shrimp,' said South Carolina Shrimpers Association vice president Bryan Jones.
According to an investigation by SeaD Consulting, the genetic analysis of shrimp from 44 local eateries revealed that 90% of restaurants deceived customers. The suit found 25 establishments to be 'outright fraudulent' for deceiving diners by selling imported shrimp which they claimed were locally caught.
Similar SeaD studies along the Gulf Coast revealed 'shrimp fraud rates' as high as 96% in Tampa Bay and St. Petersburg, Florida. Only two out of 44 tested restaurants served truly local shrimp.
The Shrimpers Association claims these deceptions threaten the integrity of South Carolina's seafood branding and undermine consumer trust. After all, many customers are expecting authentic and local food as advertised.
Read more: Americans are 'revenge saving' to survive — but millions only get a measly 1% on their savings.
Economic and tourism impact
The authenticity of seafood is not a niche concern in South Carolina.
In 2022, visitors spent $27.9 billion across the state, generated $2.6 billion in tax revenue and supported over 257,000 jobs.
The Lowcountry's coastal dining scene is a significant attraction among tourists. According to Columbia SC Tourism, food and beverages accounted for 29% of each tourist's budget, which amounts to $487 million.
If customers are misled by establishments, rebuilding consumer trust may require stricter labelling laws. Louisiana has implemented an updated seafood labeling law due to misleading food labels in restaurants.
Responses and next steps
Several restaurants have publicly denied wrongdoing and misleading customers.
Mount Pleasant Seafood says it has 'receipts to back up' its local purchases and switches to frozen local South Carolina shrimp when fresh is unavailable.
Crave Hospitality Group stressed its commitment to sourcing and transparency. Page's Okra Grill protested being 'floored' by inclusion and noted it 'does not claim on any of our menus that our shrimp is all local or East Coast.'
'Our aim has always been to protect South Carolina's shrimping industry and to uphold the principle that consumers deserve honesty in advertising. We hope to hear from any defendant who is prepared to work with us to ensure transparency and fairness moving forward,' said associate representative attorney Gedney Howe IV to WRDW.
As the case heads to court, both sides will present evidence on sourcing records, menu marketing and consumer perception.
Beyond financial damages, the litigation underscores a broader call to preserving the Lowcountry's culinary legacy, a billion-dollar tourism engine that demands 'local' shrimp must come from South Carolina waters.
What to read next
Robert Kiyosaki warns of 'massive unemployment' in the US due to the 'biggest change' in history — and says this 1 group of 'smart' Americans will get hit extra hard. Are you one of them?
How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement
Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead
Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you?
Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free.
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
Solve the daily Crossword
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
1 in 3 Americans say their financial situation has deteriorated in the past year, new survey finds
A little more than halfway into 2025, Americans are facing new and complex financial challenges. While inflation has cooled from its peak, its effects are lingering, especially in light of higher tariffs, elevated interest rates, and a tight labor market. Credit card balances have once again reached a new record high, student loan delinquencies are climbing, and a significant number of Americans still lack emergency savings. So, is the average household getting ahead — or just getting by? A new Yahoo Finance/Marist Poll survey reveals a country divided on the state of personal finances. From savings satisfaction to credit score awareness, here's a closer look at how Americans are coping with inflation, debt, and everyday expenses — and how well they understand key indicators of how their personal finances are faring. This embedded content is not available in your region. 2025 My Money Survey: Key findings Nearly half (45%) of adults describe the cost of living in their area as not very affordable or not affordable at all. One in 3 Americans say their financial situation has deteriorated in the past year. Financial setbacks are most common among lower-income individuals and older generations. A little more than half of Americans express satisfaction with their savings, while close to one-third of Americans report being very dissatisfied or completely dissatisfied with their current level of savings. Nearly half (45%) of adults report their income just about matches their expenses, while about 3 in 10 say their monthly expenses exceed their monthly income. About 40% of Americans say they would cut spending when expenses exceed income, while 26% would dip into savings. Nearly half of Americans (44%) say their credit score has influenced a financial decision in the past year, while 55% say it has not. Most respondents (78%) say they know their credit scores, though 28% report they know a little to nothing at all about the implications their saving and spending habits have on their credit rating. Fifty-eight percent of Americans say they know their net worth, while 21% say they do not, and 21% are unsure. Generally, awareness increases with age and income. Full survey results We set out to learn more about how higher costs are impacting Americans and their personal finances. Here's what we found. Nearly half of Americans describe the cost of living in their area as unaffordable While a majority of Americans consider the cost of living in their area to be affordable, the survey found that a large number of Americans are struggling with the cost of living. And that may come as no surprise. Though inflation has come down from its peak in the summer of 2022, it's still elevated; the Consumer Price Index rose 2.7% over the prior year in June, up from 2.4% in May. Household energy, auto insurance, housing, and restaurant meals were among the expense categories that jumped the most in price. However, sentiment varied across generations and genders. For example, men were notably more positive: 60% described costs as affordable compared to 50% of women. Women were also more likely to say costs were unaffordable (50%) than men (40%). Additionally, younger Americans have a slightly more positive outlook about the cost of living in their areas; roughly 60% of millennials and Gen Z described costs as affordable or very affordable. Read more: This map compares the cost of living in every state Men are twice as likely as women to report their personal finances have improved over the past year Many Americans are not just feeling the pinch of higher costs — these costs have dampened their outlook on their personal finances. One in 3 Americans say their financial situation has deteriorated in the past year. Older generations (39% of Gen X, 35% of baby boomers and members of the silent/greatest generation) are more likely to report that their family finances have worsened over the past year than members of Gen Z (29%) and millennials (29%). There's also a clear income gap: 47% of households earning under $50,000 report worsening finances compared with 27% of higher earners. Meanwhile, men (36%) are twice as likely as women (18%) to report that their finances have gotten better. Read more: Are men or women better at saving money? Here's what the data says. Close to a third of Americans are dissatisfied with their current level of savings Earlier this year, our 2025 State of Savings report found that about 35% of Americans were very or completely dissatisfied with the amount of money they had saved over the past year. More than halfway into 2025, not much has changed, and only about 1 in 10 Americans feel completely secure with their financial cushion. Our survey found that older respondents are less satisfied with their savings. Members of Gen Z (12%) and millennials (16%) are more likely than members of Gen X (8%) and baby boomers/silent/greatest generations (6%) to say they are completely satisfied with their savings. Lower-income earners (30%) were also more likely to express complete dissatisfaction with their level of savings, compared with just 9% of higher earners. Finally, men (31%) are more likely than women (19%) to be either completely or very satisfied with the amount of money they currently have saved. Gen Z is struggling the most with their budgets Median weekly earnings among the nation's full-time wage and salary workers are up 4.6% over the previous year, according to the U.S. Bureau of Labor Statistics. Still, many Americans are scraping by, earning just enough to cover their expenses. Which of the following best describes your current monthly personal finance situation? Your income consistently exceeds your expenses: 27% Your income about matches your expenses: 45% Your expenses consistently exceed your income: 29% Nearly one-third of respondents say their expenses exceed their income each month, while 27% report their income consistently exceeds their expenses. Despite being more likely than younger generations to report dissatisfaction with their current savings levels, baby boomers and members of the silent/greatest generation (31%) are more likely to report monthly budget surpluses than members of Gen X (26%), millennials (25%), and Gen Z (23%). Additionally, 42% of adults earning under $50,000 say their expenses exceed their income — nearly double that of those earning more than $50,000 (22%) who say the same. Read more: Your complete guide to budgeting for 2025 Most Americans would cut spending to make ends meet When faced with a cash flow shortfall, there are several options for covering monthly expenses, from dipping into savings to borrowing money. However, according to survey results, many respondents would choose to cut their spending. If you were to have a month when your expenses exceeded your income, what is the main way you would address that? Use a credit card: 23% Borrow money: 10% Cut your spending: 41% Dip into your savings: 26% Notably, lower-income households are more likely to cut spending when expenses get too high. Households with incomes under $50,000 (46%) say they would cut spending when expenses exceed income, while 39% of those making over $50,000 say the same. Read more: How the 'No Buy 2025' trend could help you get your budget on track this year Most Americans know their credit scores Knowing your credit score is key to maintaining your financial health and reaching your goals. Fortunately, most survey respondents reported that they are aware of their current scores. Do you know your credit score? Yes: 78% No: 13% Unsure: 9% Read more: How to check your credit score for free Not everyone understands how certain financial habits impact their credit scores While a majority of survey respondents said that they know their credit scores, there seems to be a knowledge gap when it comes to understanding the impact that saving and spending habits can have on credit health. How much do you feel you know about how spending and saving decisions can affect your credit score? A great deal: 31% A good amount: 41% A little: 22% Nothing at all: 6% The survey found that men (75%) are more likely than women (69%) to say they know a great deal or good amount about how spending and saving decisions impact their credit scores. Additionally, 78% of households with incomes of $50,000 or more express greater awareness of how financial decisions affect their credit scores compared with 60% of households earning under $50,000. Read more: How are credit scores calculated? More than 4 in 10 Americans say their credit score has influenced a financial decision in the past year Credit scores play a crucial role in your ability to borrow money and qualify for the best terms and interest rates. Plus, your credit can impact other areas of your life, including the ability to rent an apartment, open utility accounts, and even get hired for certain jobs. So, it's no wonder that credit scores are considered a key indicator of overall financial health. Has your credit score played a role in a personal financial decision you've made in the past year? Yes: 44% No: 55% Forty-four percent of Americans say their credit score has influenced a financial decision in the past year, while 55% say it has not. Millennials (57%), Gen Z (50%), and Gen X (48%) are more likely than baby boomers/silent/greatest generations (30%) to have had their credit score factor into a financial decision in the last 12 months. Read more: What is a good credit score? Lower-income households are more likely to see negative outcomes from their credit scores The good news: 42% of Americans report that their credit score has mostly helped them achieve their financial goals over the past year. To the best of your knowledge, how has your credit score affected your ability to achieve your financial goals in the past year? Has it: Mostly helped: 42% Mostly hurt: 19% Neither helped nor hurt: 38% However, 38% say it has neither helped nor hurt, and 19% report their score has mostly hurt their ability to achieve their financial goals. Notably, adults with a household income of less than $50,000 (30%) are more than twice as likely as those earning more than $50,000 (14%) to say their credit score has mostly hurt their ability to achieve their financial goals. Read more: 10 tips to improve your credit score in 2025 Awareness about net worth typically increases with age Your net worth is the difference between what you own (assets) and what you owe (liabilities). Like credit scores, net worth is another important indicator of overall financial health. And generally, you should aim to increase your net worth over time. Thinking about your finances overall, do you know your net worth, that is, your total assets minus your total liabilities? Yes: 58% No: 21% Unsure: 21% When asked about their net worth, more than 4 in 10 Americans report a lack of knowledge or uncertainty. Across generations, net worth knowledge trends upward with age. Forty-eight percent of Gen Z, 57% of millennials, 56% of Gen X, and 66% of baby boomers/silent/greatest generations report knowing their net worth. Further, 68% of men say they know their net worth compared to 48% of women. There is also an income-based knowledge gap: 68% of those earning $50,000 or more are confident they know their net worth compared with only 39% of households earning less than $50,000 annually. Read more: 6 ways to increase your net worth Up Next Up Next How to improve your financial standing Americans today face unique challenges when it comes to budgeting, saving, and wealth building. While there will always be economic forces largely out of your control, financial literacy also plays a crucial role in overall financial health — and that's something you absolutely have power over, regardless of age, gender, or income. Having the right insight into your finances can give you the knowledge and confidence to make smarter decisions with your money and reach your goals. My Money from Yahoo Finance is a free personal finance tool that provides a single, clear snapshot of your entire financial life, from your credit score to your net worth and monthly cash flow, all in one convenient place. So, if you want an easy way to check your credit score, see where you're spending the most money, and track your net worth over time, create an account with My Money for personal insights and guidance. Methodology This survey of 2,575 adults was conducted June 13 through June 17, 2025, by the Marist Poll sponsored in partnership with Yahoo Finance. Adults 18 years of age and older residing in the United States were contacted through a multi-mode design: by text or online. Results for all adults (n=2,575) are statistically significant within ±2.1 percentage points.


Newsweek
an hour ago
- Newsweek
The 'Stealth Tax' Eroding Your Wallet
Produced [by our journalists] with financial support from an organization or individual that did not approve or review the work. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Americans are seeing their prices rise at the checkout this year—a form of "stealth tax" that is eroding their wallets and reshaping how they shop. According to a recent survey by e-commerce marketing platform Omnisend, Americans are now spending $12.2 billion more per month since the introduction of President Donald Trump's tariffs this year, averaging $47 more per person. Notably, 14.7 percent of respondents reported that their monthly expenses had risen by $100 or more. Why It Matters Economists have forecast that the higher import taxes arising from Trump's attempt to rebalance global trade will increase costs for U.S. businesses reliant on foreign goods or components, and that these costs will eventually be passed along to the American consumer. These effects have yet to significantly influence consumer spending or inflation data, a fact the administration has cited in defending the measures along with the billions of dollars of revenue the tariffs have accrued. But with Trump's recent reintroduction of reciprocal tariffs and even more sectoral duties in the works, consumers could soon start feeling these when paying for goods. A worn one-dollar banknote lies on a wooden table. A worn one-dollar banknote lies on a wooden table. Karl-Josef Hildenbrand/picture-alliance/dpa/AP Images What To Know Omnisend conducted a nationally representative survey of 1,200 American adults to understand how tariffs had affected their budgets and shopping behaviors. In addition to the reported price increases, 66 percent of respondents said they had noticed price hikes since the imposition of tariffs this year. Thirty-four percent said they had observed these on Amazon, while 30 percent and 27 percent reported them on Temu and at Walmart, respectively. Marty Bauer, an e-commerce expert at Omnisend, acknowledged that surveys do not "capture every dollar of tariff impact" as these rely on respondents' perceptions and memories of price increases. However, he said these still serve as a measure of price impacts, one which precedes official data and government-conducted measurements, and that responses regarding behavioral shifts give a valuable glimpse into how households are adapting. About 68 percent of respondents said they had begun shifting away from Chinese platforms such as Temu, Shein and AliExpress. As well as the higher rates on Chinese imports—currently capped at 30 percent thanks to the temporary tariff truce between Washington and Beijing—these platforms are also set to struggle from Trump ending the "de minimis" tariff exemption on goods valued under $800. People shop at a grocery store in Brooklyn, New York, on May 13. People shop at a grocery store in Brooklyn, New York, on May 13."These tariffs are functioning like a stealth tax, reallocating billions in spending and reshaping consumer behavior in real time," Omnisend wrote in its analysis. However, it added that the increase to monthly spending could derive from "budget-driven necessity" but also serve as a "patriotic flex" given that some Americans appear willing to pay more for products carrying the "made in America" label. According to the survey, 43 percent were willing to pay more for domestically sourced goods, up from 40 percent in the first quarter of the year. Meanwhile, an unchanged 32 percent were not willing to do so, while 24 percent were undecided, down from 27 percent. The price impacts appear to be weighing on the overall popularity of the trade policies. Between the first and third quarters of 2025, the share of those supporting tariffs fell to 28 percent from 34 percent, while the number in opposition rose to 49 percent from 42 percent. What People Are Saying Marty Bauer, Omnisend's e-commerce expert, told Newsweek: "The pressure from tariffs builds in layers. First it shows up in the fastest moving goods, things like small online orders, household basics—then it spreads to bigger purchases as new shipments arrive. That's why the changes will be gradual, not a single spike. Over the next few months, especially from back-to-school through early holiday shopping, we'll likely see more creative ways for retailers to manage sticker shock by bundling items, adjusting sizes, or tightening return policies to offset higher import and freight costs without constantly changing the shelf price." What Happens Next Trump has reinstated the "reciprocal tariffs" announced in early April after two successive pauses. These adjusted duties came into effect on August 7. Certain other tariffs, including an additional 25 percent duty on Indian exports, are set to take effect in the coming weeks. Commerce Secretary Howard Lutnick told Fox Business on Thursday that the 90-day tariff truce between China and the U.S. was likely to be extended beyond the August 12 deadline.

Indianapolis Star
an hour ago
- Indianapolis Star
Trump's tariffs weakened the economy, so he's lying about the data
In March, I predicted the U.S. economy would enter recession and in April I explained how Indiana would be especially vulnerable to this downturn. Unfortunately, I was right. A large tranche of data — both public and private — makes that clear. Tariffs have descended hard upon American businesses and consumers. Estimates of their downstream effects cluster around a $2,400 cost per family by the end of 2025, dropping to $2,000 a year in 2026 and later years as Americans buy fewer goods. This has led economist Justin Wolfers to quip, "Trump has a pronoun problem. He keeps saying he's imposing tariffs on they/them. But he's actually imposing them on us." Consumer sentiment has dropped by more than 10 percentage points since President Trump's inauguration day and labor markets have stalled. Help wanted ads nationally dropped by 21% since Trump's 'Liberation Day' tariff announcements and by 27% here in Indiana. The private sector jobs number from ADP shows job growth effectively stopped in April. These private data tell a rich and consistent story about the economy, but public sector data are more accurate and complete. This requires comment on data integrity and character. U.S. economic data has been the envy of the world since the Great Depression. It is fast, accurate, nonpartisan and profoundly transparent. It is collected by a group of quiet professionals with input from hundreds of organizations and individuals. These data make the U.S. the most trustworthy and reliable destination for foreign investment. Trump fired the director of the Bureau of Labor Statistics on Aug. 1 because he didn't like these data. Trump claimed the data were biased against him. That is false. Trump is afraid of facts and likely to become more fearful as more facts emerge — economic or otherwise. He has good reason to be scared on all counts. The latest federal jobs report indicated that the U.S. economy stalled shortly after tariffs were announced. Overall job creation dropped to near zero and manufacturing employment declined by 33,000 jobs in just three months. Since the tariffs were announced, Indiana lost 2,600 factory jobs — and that is without the most recent month's data, which have not been released. Factory orders have plummeted to levels not seen since COVID and, before that, the Great Recession. On a scale of self-inflicted economic wounds, this is unparalleled. Hicks: Indiana's college crisis has nothing to do with woke campuses or high costs Formally, recessions are determined by the Business Cycle Dating Committee of the National Bureau of Economic Research, which uses six indicators. Between March and April — when I first said we had walked into a recession — four of these six turned negative. Only employment and industrial production remained (modestly) positive. By the next data release, both of those indicators will be negative. Trump inherited an economy that grew at 2.4% last year. Job creation has slowed dramatically under Trump — from over 180,000 monthly jobs under former President Joe Biden in 2024 to just 35,000 since the tariffs began. If the BLS continues to deliver honest job numbers, we should expect no job growth until 2026 — if then. Unlike typical recessions, prices are rising due to tariffs, making it harder for the Federal Reserve to cut interest rates to help the economy. So, as we move into fall, we should expect accumulating job losses, higher prices and a Fed hesitant to cut rates when the problem is solely that of bad tariffs, not monetary policy. Trump's criticism of the Fed, like that of the BLS, is at best a transparent effort to deflect blame for the ill effects of his tariff obsession. Another uncommon aspect of this recession is that it is isolated to the U.S. We did this to ourselves by starting a trade war with the rest of the world. No other countries seem especially interested in crashing their own economies. Briggs: Steak 'n Shake's MAGA makeover is a desperate bid to save a dying business This diminishes the attractiveness of the U.S. as a destination for foreign investment. The situation is worsened by the reasonable suspicion that the Trump administration will deliver fictional economic data. Foreign investors may flee, driving up borrowing costs. So, as the U.S. enters a downturn all alone, with the specter of falsified economic data, we should all expect home mortgages, credit card rates and car loans to be higher in the months and years to come. Capital markets are ruthless towards erratic and bizarre economic policies— and whatever else they might be, Trump's economic policies are erratic and bizarre.