Lakewood Bloc Vote Founder Passes Away After Longtime Illness
LAKEWOOD, NJ – Lakewood has lost a major figure this week with the passing of Rabbi Israel Schenkolewski, a key force in Ocean County politics. Schenkolewski, who passed away at 80 after…
New York Police Museum Renamed to Honor Late Founder
Suffolk County, NY – The Suffolk County Police Department celebrated a significant moment in its history today with the renaming and dedication of its police museum. The ceremony, which took place this…
Zara founder Ortega buys Dutch warehouse leased to Primark for $110 million
MADRID (Reuters) – Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office…
Signa founder paid two-thirds of 3 million euro guarantee -insolvency admin
BERLIN (Reuters) – Signa founder Rene Benko has paid out two-thirds of a 3 million euro ($3.28 million) guarantee he personally promised at the beginning of insolvency proceedings, Signa Holding’s insolvency administrator…
Vietnam EV maker VinFast names founder as CEO, replaces CFO
By Phuong Nguyen HANOI (Reuters) -Vietnamese electric vehicle (EV) maker VinFast on Saturday named its founder and biggest financial backer, Pham Nhat Vuong, as chief executive as it plans an ambitious overseas…
Factbox-Bangladesh’s tangles with Yunus, Nobel winner and microloan founder
By Ruma Paul and Sudipto Ganguly DHAKA (Reuters) – A Bangladesh court has sentenced the country’s only Nobel laureate, Mohammad Yunus, to six months in jail over labour law violations, a crime…
UnitedHealth agrees to sell Brazil operations to Qualicorp founder
(Reuters) -UnitedHealth Group said on Friday it had agreed to sell its operations in Brazil to the founder and former CEO of health insurance firm Qualicorp José Seripieri Filho. Last week, two…
Zara founder Ortega buys Florida warehouse for $113 million
MADRID (Reuters) – Amancio Ortega, the founder of Zara owner Inditex, has increased his bet on logistics real estate in the United States with the acquisition of a warehouse in Hialeah, Florida,…
US prosecutors seek 11-year sentence for Nikola founder Trevor Milton
By Jody Godoy (Reuters) – Nikola founder Trevor Milton should receive around 11 years in prison for defrauding investors in the electric- and hydrogen-powered truck maker, prosecutors in New York said on…
JD.com founder says firm is ‘bloated’, as China e-commerce giants face pressure
By Casey Hall and Sophie Yu SHANGHAI/BEIJING (Reuters) – The founder of JD.com told staff he acknowledged the e-commerce giant was too large and inefficient and vowed to instil change, in response…
EV battery startup ONE names Paul Humphries as CEO, replacing founder
(Reuters) – Electric-vehicle battery startup Our Next Energy (ONE) said on Sunday that Paul Humphries will be its new CEO effective immediately, replacing Mujeeb Ijaz, who held the post since he founded…
Founder and Majority Owner of Cryptocurrency Exchange Pleads Guilty to Unlicensed Money Transmitting
The founder and majority owner of Bitzlato Ltd. (Bitzlato), a cryptocurrency exchange that served as a primary conduit for dark market purchasers and sellers, as well as a safe haven for illicit…
Founder and Majority Owner of Cryptocurrency Exchange Pleads Guilty to Unlicensed Money Transmitting
Anatoly Legkodymov, a Russian national also known as “Anatolii Legkodymov,” “Gandalf” and “Tolik,” pleaded guilty today in federal court in Brooklyn to operating a money transmitting business that transported and transmitted illicit…
Founder and Executive of Prior2IPO Indicted in Investment Fraud
A three-count indictment was unsealed this morning in federal court in Brooklyn charging Raymond John Pirrello, Jr., also known as “Ray John,” with securities fraud conspiracy, wire fraud conspiracy and securities fraud…
Farfetch founder bids to take company private – Telegraph
(Reuters) -Online luxury retailer Farfetch’s founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. Neves is said to…
Nikola founder Trevor Milton seeks probation after fraud conviction
By Jonathan Stempel NEW YORK (Reuters) – Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola, is seeking to avoid prison, with his lawyers saying his case differed from…
Founder of Medical Charity in St. Joseph Pleads Guilty to $8 Million Fraud Scheme
KANSAS CITY, Mo. – The founder of a so-called Christian health care sharing ministry in St. Joseph, Mo., pleaded guilty in federal court today to leading an $8 million wire fraud conspiracy…
US-China tensions will slow global chip industry, TSMC founder says
By Krystal Hu NEW YORK (Reuters) -The founder of the world’s biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down…
Founder of discount e-shopping firm PDD races up China’s rich list
By Casey Hall SHANGHAI (Reuters) – The founder of PDD Holdings saw his wealth swell by $13.8 billion in a year, as a slowing global economy drove more shoppers to the Chinese…
Founder of New Jersey’s Online Public Truth Finding Website OPRAMachine Passes the Torch
LACEY TOWNSHIP, NJ – OPRAmachine is an online platform dedicated to improving the accessibility of public records in New Jersey, USA. The platform was founded by Gavin Rozzi in 2017 as a…
Key moments leading up to FTX founder Sam Bankman-Fried’s trial
By Luc Cohen (Reuters) – Sam Bankman-Fried’s fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the…
Factbox-Evergrande founder joins list of Chinese tycoons investigated, arrested
(Reuters) – The founder of China Evergrande, the world’s most indebted property developer, is being investigated for “illegal crimes”, a fresh challenge for the tycoon and his embattled company as it struggles…
Abcam founder seeks to block $5.7 billion Danaher deal
(Reuters) -Abcam Plc founder Jonathan Milner on Thursday said he would vote against medical tools supplier Danaher’s proposed $5.7 billion acquisition of the company, as it undervalues the protein consumables maker. Danaher’s…
Raymond Ackerman, founder of South African grocer Pick n Pay, dies at 92
JOHANNESBURG (Reuters) – Raymond Ackerman, who founded Pick n Pay from just four stores 56 years ago and turned them into one of South Africa’s leading grocery retailers, has died aged 92,…
Left-Wing Dark Money Juggernaut Founder Slapped With IRS Complaint
Left-Wing Dark Money Juggernaut Founder Slapped With IRS Complaint Jason Cohen on August 16, 2023 Eric Kessler, founder of left-wing dark money giant Arabella Advisors, may have enriched himself using four tax-exempt…
Zara founder Ortega’s real estate fortune hit $20 billion in 2022
MADRID (Reuters) – The investment firm of Spanish billionaire Amancio Ortega, the founder of fashion giant Inditex, on Thursday reported a 2.8 billion-euro jump in the market value of its real estate…
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