Cryptocurrency fraudster Sam Bankman-Fried received more than double the prison sentence of Theranos scammer Elizabeth Holmes, but only a small fraction of the term slapped onto infamous financial criminal Bernie Madoff. Bankman-Fried, the fallen “crypto king” and son of Stanford Law professors, was sentenced Thursday in federal court in Manhattan to 25 years in prison. … Read more
Good morning! It’s Tuesday, December 19, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Nevada Tesla Factory Workers Get Pay Raise Tesla … Read more
Trevor Milton, founder of Nikola Corp., exits court in New York, US, on Monday, Sept. 12, 2022. Stephen Yang | Bloomberg | Getty Images Nikola Founder Trevor Milton is set to be sentenced Monday in a New York courtroom on three charges related to defrauding investors of the embattled electric- and hydrogen-powered truck maker. Milton … Read more
FILE – Entrance to the Santa Clara County Superior Court at 191 North First St. in Downtown San Jose, Calif. Subburajan Ponnuswamy filed a lawsuit against his former company, Cloudbrink, on Wednesday. Will Buckner via Flickr CC 2.0 A Bay Area tech founder has alleged in a wrongful termination lawsuit that his former company and its … Read more
Employees at “Lifeboat,” the Theranos-esque startup at the center of the new “The Simpsons” episode, drink from a statue of their founder. Screenshot via FOX The Elizabeth Holmes drama has already spawned a best-selling book, an Emmy-winning miniseries and a documentary. It was time then, for the sitcom treatment. In an episode that aired Sunday night, … Read more