For three days, James Sikes held America’s highest honor: victim. The nation had been transfixed by his almost half-hour-long 94-mph horror ride in his runaway Toyota Prius. He burned his brakes right down to the metal, unable to even slow the vehicle. Only his prescience in calling 911, followed by a highway patrol officer providing assistance, saved his life.
Then my article “Toyota Hybrid Horror Hoax” at Forbes.com brought it crashing down. But lest you get false impressions from that title, the real hoaxter wasn’t Jim Sikes, but the media. Red flags about his story were popping up from the start. Yet the entire Fourth Estate systematically ignored them. As one reader put it to me in an e-mail: “I weep for the state of American journalism.”Read about it in my Investor’s Business Daily article.