Once Meteoric Venture Capitalist Found Guilty of a Multimillion-Dollar Fraud
Conviction sobering reminder for wealth advisors and RIAs of potential perils of unchecked ambition and critical importance of rigorous due diligence.
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Citigroup Managing Director Sues Over Sexual Harassment
Citigroup sued by a managing director who said a former top equities banker subjected her to sexual harassment and abuse including death threats.
Justice Dept. and SEC Initiate Civil Criminal Proceedings Against Former Wells Fargo Advisor
Former financial advisor affiliated with Wells Fargo formally charged with defrauding clients of over $3 million through sophisticated scheme.
JPMorgan Chase Accused of De-Banking, Defaming a Florida Business
Florida business sues JPMorgan claiming bank canceled transactions, closed accounts, told client transfers couldn't complete due to sanctions.
Internal Memo Says Sam Altman’s Firing Wasn't Due to 'Malfeasance' or OpenAI Safety Practices
Internal memo sent to OpenAI staff reiterates “a breakdown in communication” led to Altman’s abrupt firing. Not “malfeasance or anything related.
Bill Ackman Defends Elon Musk After Backlash Over Antisemitism
Hedge fund manager Bill Ackman defended Elon Musk after major advertisers pulled ads from social media site X over anti-semitic commentary.
