Latest in Startup founder Charlie Javice found guilty of defrauding JPMorgan Chase in $175 million deal
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Charlie Javice Found Guilty of Defrauding JPMorgan in $175 Million Acquisition
Federal prosecutors convinced a jury that Ms. Javice, along with one of her executives, had faked much of her customer list before selling her start-up, Frank, to the bank.The New York Times - Mar. 28 -
Charlie Javice, Founder of Startup Bought by JPMorgan, Found Guilty at Fraud Trial
Her lawyer told the jury that the bank had buyer’s remorse and claimed fraud to get out of the deal.Inc. - Mar. 28 -
In closing remarks, prosecutor says Frank founder lied to JPMorgan Chase to secure $175 million deal
A prosecutor says a Florida woman engaged in a “brazen fraud” by selling her student aid startup to JPMorgan Chase & Co. for $175 million after dramatically exaggerating its customer baseABC News - Mar. 26 -
France's Marine Le Pen found guilty of embezzlement, barred from elections
France's far-right leader Marine Le Pen was found guilty of embezzlement and barred from running in elections for five years.CBS News - 4d -
Startup Founder Claims Elon Musk Is Stealing the Name ‘Grok’
Elon Musk said he borrowed the name from a 1960s science fiction novel, but another AI startup applied to trademark it before xAI launched its chatbot.Wired - 4d -
New Jersey mom who drowned her 2 toddlers found not guilty by reason of insanity
A New Jersey woman who drowned her two children last year for "religious reasons" was found not guilty by reason of insanity, a court ruled this week.NBC News - 1d -
Con man who defrauded over 200 people in $24.5M Ponzi scheme sentenced to 18 years
A man was sentenced to 18 years in jail in New York for running a $24.5 million Ponzi scheme in which he defrauded over 200 victims in sham loan programs and used the money to fund a lifestyle of ...NBC News - 9h -
Stablecoin issuer Circle files for IPO as public markets open to crypto
JPMorgan Chase and Citigroup are serving as lead underwriters in Circle's IPO, according to the prospectus.CNBC - 3d -
Trump's tariffs could mean big business for supply chain software startup LightSource
LightSource, a supply chain software startup, has raised $33 million in a funding round led by Bain Capital and Lightspeed.CNBC - 4d -
Bitcoin-related startup deals soared in 2024 alongside crypto prices, research shows
The number of pre-seed transactions in the bitcoin startup market climbed 50% in 2024, according to a report from Trammell Venture Partners.CNBC - 1d -
Trump Commutes Ozy Media Founder’s Sentence Just Before His Surrender
Carlos Watson, who started the now-defunct digital media company, had been sentenced to almost 10 years in prison for trying to defraud investors and lenders.The New York Times - 6d -
Jury convicts alleged ringleader of massive pandemic food fraud scheme on all counts
A jury has found the alleged ringleader of a massive pandemic fraud case in Minnesota guilty on all counts for her role in a scheme that federal prosecutors say stole $250 million from a program ...ABC News - Mar. 19 -
Princeton Senior, Accused of Assault During Protest, Is Found Not Guilty
A judge cleared David Piegaro of wrongdoing after he was charged with assaulting a police officer while recording pro-Palestinian campus demonstrations last year.The New York Times - 3d -
Two Top Organizers of Canada’s Freedom Convoy Found Guilty of Mischief
The case is among the last stemming from the 2022 trucker protests, which spawned many other criminal cases, lawsuits and a public inquiry.The New York Times - 1d -
Trump Administration Will Review Billions in Funding for Harvard
The move follows the cancellation of roughly $400 million in funding for Columbia and the suspension of $175 million for the University of Pennsylvania.The New York Times - 3d -
Cowboys found no fat to trim as NFL teams shed epic $600 million of salary in 2025
No dead weight? None?? Cowboys looked at their carryover roster and found no fat to trim.Yahoo Sports - 3d -
Red Sox lock up top prospect Kristian Campbell with 8-year, $60 million deal
Kristian Campbell, the 2024 USA TODAY Minor League Player of the Year, agrees to $60 million deal through 2032 with a pair of club options.Yahoo Sports - 2d -
OpenAI backs deepfake cybersecurity startup Adaptive Security in new funding round
Artificial intelligence cybersecurity company Adaptive Security announced a $43 million funding round co-led by OpenAI.CNBC - 2d -
As Bangladesh Reinvents Itself, Islamist Hard-Liners See an Opening
A brewing shift toward religious conservatism has emerged from the political vacuum in this country of 175 million people.The New York Times - 3d -
Calais Campbell gets deal worth up to $7.5M with Arizona Cardinals
After playing a one-year, $2 million deal in 2024 for the Dolphins, Calais Campbell will make up to $7.5 million with the Cardinals.Yahoo Sports - 2d -
Marine Le Pen Could Be Banned From France Election if She’s Found Guilty of Embezzlement
A verdict Monday in an embezzlement trial is seen as a test of the country’s democracy — and the rule of law.The New York Times - 5d -
Why OpenAI and Andreessen Horowitz Just Bet $43 Million on This Little-Known Startup
Cybersecurity firm Adaptive Security wants to help you identify phishy messages before it’s too late.Inc. - 8h -
CaaStle Co-Founder Christine Hunsicker Is Accused of Financial Misconduct
Hunsicker has reportedly resigned as CEO and CaaStle, which has raised $534 million, is nearing financial collapse.Inc. - 3d -
Ketel Marte contract extension: Diamondbacks lock up star infielder through 2031 on $116.5M deal, per report
The new deal will add $64 million to Marte's career earningsCBS Sports - 2d -
The Chinese Electric Vehicle Founder Who Wants In on Trump’s America
Wen Han is intent on listing Windrose’s stock in New York. He is fueled by $300 million, Chinese technology and a belief that “China doesn’t have to be the enemy forever.”The New York Times - 3d -
Restaurant chain Hooters files for bankruptcy protection to enable founder-led buyout
Restaurant chain Hooters of America filed for bankruptcy protection in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group ...NBC News - 4d -
Au revoir Marine Le Pen?
Le Pen is barred from running for public office after being found guilty of embezzlement.BBC News - 4d -
Netflix’s Reed Hastings Gives $50 Million to Bowdoin for A.I. Program
The Netflix co-founder said he wanted his alma mater to become a leader in studying the consequences, and guiding beneficial uses, of artificial intelligence.The New York Times - Mar. 24 -
Man accused of trying to kill Kavanaugh intends to plead guilty, court docs show
Nicholas Roske was found outside Supreme Court Justice Brett Kavanaugh's home with a gun and a knife in 2022.CBS News - 2d -
JPMorgan Says ‘There Will Be Blood’ as Stocks Tumble and Recession Odds Grow to 60 Percent
Fed warns of ‘highly uncertain outlook’ as JPMorgan and other analysts increase recession odds in response to Trump’s tariff war.Inc. - 7h -
Sam Altman's AI-generated cricket jersey image gets Indians talking
Some found the image delightful, but others wondered about OpenAI founder's motives for wooing India.BBC News - 1h -
UK glass factory at risk of closure if no buyer found, says Japanese owner
Wigan plant shutdown could deal blow to Keir Starmer’s industrial strategyFinancial Times - 15h -
Geno Smith reportedly agrees to 2-year, $75 million extension with the Raiders
Quarterback Geno Smith, who was traded to Las Vegas nearly a month ago, agreed to two-year, $75 million extension with the Raiders, ESPN reported Thursday. Smith's new deal takes him through the ...Yahoo Sports - 1d -
Garrett Crochet reportedly agrees to $170 million, 6-year deal with Red Sox
Ace left-hander Garrett Crochet has agreed to a record-breaking $170 million, six-year contract with the Boston Red Sox, according to a person familiar with the negotiations.Yahoo Sports - 3d -
Garrett Crochet reportedly agrees to 6-year, $170 million deal with Red Sox
Ace left-hander Garrett Crochet has agreed to a record-breaking six-year, $170 million contract with the Boston Red Sox, according to a person familiar with the negotiations.Yahoo Sports - 3d -
Sources: Chargers add QB Lance on 1-year deal
Former Cowboys and 49ers quarterback Trey Lance reached agreement on a one-year deal worth up to $6.2 million with the Chargers, sources told ESPN.ESPN - 1h
