The US DOJ charges the former CEO of AI chatbot startup GameOn and his wife for allegedly defrauding investors of more than $60M between 2018 and 2024
while failing to even make payroll for employees Cyrus Farivar / Forbes : AI Startup Founder Allegedly Spent Millions Of Investors' Money On House, Car And Wedding Isaiah Poritz / Bloomberg Law : AI C...
Court docs: how false claims and risky trades by HeadSpin's CEO and a lack of oversight by investors like GV and Iconiq Capital led to the startup's unraveling
Erin Griffith / New York Times :
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and money laundering in the FTX trial; the judge sets SBF's sentencing for March 28, 2024
and what comes next Qadir AK / Coinpedia Fintech News : DOJ Cracks Down: Binance and Tether Face Terrorism Financing Charges PC Gamer : ‘The king of crypto’ found guilty of fraud, now faces decades in...
SoftBank sues former IRL CEO Abraham Shafi for fraud after investing $150M in IRL in 2021 on user metrics claims; IRL allegedly paid to fill the site with bots
There was a time Theranos was a unique story. Now we have IRL, Frank, FTX, Ozy Media, Headspin, etc. … X: Elon Musk / @elonmusk : @eringriffith Wow @zachweinberg : All you had to do to diligence IRL ...
Financial Industry Regulatory Authority fines Robinhood $70M for misleading customers and system outages, the biggest fine it has ever imposed
the largest fine the agency has ever imposed — over systems outages and customers being approved to trade options when it was not “appropriate” for them to do so. https://www.nytimes.com/... @kslinves...
Court docs: in a 2011 email Phil Schiller floated cutting Apple's 30% fee, provided it could still generate $1B in annual App Store profits when the fee was cut
Just over eight months after she signed up for Twitter, actor Kangana Ranaut … Malcolm Owen / AppleInsider : Apple's & Facebook tensions span a decade, reveals Epic ‘Fortnite’ trial emails Nick Statt ...
After Airbnb changed its policy to allow cancellation with full refunds, some aggrieved hosts are trying to cut it out of bookings or are planning legal action
Erin Griffith / New York Times : Tweets: @gregorynyc , @eringriffith , @nytimestravel , and @edercampuzano Tweets: Gregory Schmidt / @gregorynyc : For some rental operators, their relationship with A...
Judge denies Epic's motion to restore Fortnite to the App Store but orders Apple to not block Unreal Engine; full hearing scheduled for September 28
Apple is blocking Fortnite updates and new installs on the App Store … Nick Statt / The Verge : Epic confirms Fortnite's new season won't be on iPhone, iPad, or Mac Joe Rossignol / MacRumors : Epic Ga...