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Authorities arrested a man Wednesday whom federal prosecutors accuse of running a US$45mil (RM198mil) scam that netted him 39 Teslas and allegedly included false claims that a billionaire electric car company founder — likely Tesla CEO Elon Musk — was involved in the investment scheme. In a federal grand jury indictment unsealed Wednesday, Neil Suresh Chandran, 50, is alleged to have defrauded more than 10,000 victims since June 2018 by claiming that at least one of his five cryptocurrency and virtual-reality companies “was about to be purchased by a consortium of wealthy buyers and thereby yield his investors extremely high returns.” The indictment cites an alleged email from Chandran claiming an US$88,000 (RM388,080) investment would deliver a US$2 trillion (RM8.82 trillion) return. The alleged fraud seemingly involved claims about Musk, whom the indictment describes as “Billionaire 2” and “founder and CEO of an electric car company,” and also apparently about Amazon executive … [Read more...] about Man accused of buying 39 Teslas via US$45 million scam with apparent false ties to Elon Musk

A picture of Al Jazeera reporter Shireen Abu Akleh displayed at the Al Jazeera headquarters building in Doha, Qatar on May 11, 2022. (Reuters filepix by Imad Creidi) - A + A JERUSALEM/RAMALLAH, West Bank (July 3): Israel said on Sunday it would test a bullet that killed a Palestinian-American journalist to determine whether one of its soldiers shot her and said a US observer would be present for the procedure that could deliver results within hours. The Palestinians, who on Saturday handed over the bullet to a U.S. security coordinator, said they had been assured that Israel would not take part in the ballistics. Washington has yet to comment. The United States has a holiday weekend to mark July 4. The May 11 death of Al Jazeera reporter Shireen Abu Akleh during an Israeli raid in the occupied West Bank, and feuding between the sides as to the circumstances, have overshadowed a visit by US President Joe Biden due this month. The Palestinians accuse the … [Read more...] about Israel says it will test bullet that killed reporter, Palestinians disagree

- A + A MELBOURNE (July 3): At least three people were killed and dozens of residential buildings damaged in the Russian city of Belgorod near the Ukraine border, the regional governor said, in what Moscow said was a Ukrainian missile attack. At least 11 apartment buildings and 39 private houses were damaged, including five that were destroyed, Governor Vyacheslav Gladkov posted on the Telegram messaging app. "I emphasise that this missile attack had been intentionally planned and was launched at the civilian population of Russian cities," Russian Defence Ministry spokesman Igor Konashenkov said. There was no immediate comment from Ukraine. Konashenkov said Russian air defences had destroyed three Tochka-U missiles, but fragments of one of them fell on residential buildings. He said they had also destroyed explosives-laden Ukrainian drones approaching Kursk, another city in southern Russia. Reuters could not independently confirm the claims. Since Russia … [Read more...] about Moscow blames Ukrainian missile attack for deaths in south Russian city

Sahil Barua, Managing Director & CEO, Delhivery Delhivery, an e-commerce logistics and supply chain startup, floated its maiden public issue on May 11. It will be the first new-age technology company to get listed in 2022. The IPO marks a lucrative exit for many of its investors, makes some employees rich and serves as a barometer to measure India's startup and tech sector's success. The company’s initial public offering (IPO) is significant as it comes at a time when global financial markets have turned volatile due to high inflation, rising interest rates, and geo-political tensions. It also comes on the back of the hammering that new-age technology companies have received after getting listed last year. Delhivery’s IPO response could potentially determine the outcome for startups such as Oyo, Snapdeal and Pharmeasy, who have filed draft papers with Sebi but have delayed their listing plans due to uncertainty in the market. Delhivery, too, had delayed its listing plans … [Read more...] about MC Interview | Good companies find a way to go public at any time, whatever market says: Delhivery’s Sahil Barua

Share to Twitter Share to Linkedin Topline Former New York City mayor Rudy Giuliani posted an advertisement for MyPillow sandals on Twitter late Thursday, sparking ridicule and marking merely the latest bizarre move for Giuliani. Key Facts Giuliani tweeted an image of the MyPillow sandals, offering a $30 discount on the shoes using promo code “RUDY.” The 78-year-old Giuliani’s personal discount code brings down the price for the sandals down from $79.98 to $49.98, still a hike from the $29.95 price tag the viral Pillow Slides they appear to be a riff on. Giuliani, who served as former President Donald Trump’s personal attorney, is closely allied with MyPillow founder and CEO Mike Lindell, who supported Giuliani and Trump’s false claims of fraud in the 2020 election. Giuliani has a history of hatching odd schemes, including selling an autographed T-shirt commemorating the September 11 terrorist attacks for $911 last year … [Read more...] about Rudy Giuliani Lands New Gig: MyPillow Influencer

Share to Twitter Share to Linkedin Topline Ohio’s six-week ban on abortion will remain in effect for now, the state Supreme Court ruled Friday, as abortion providers file a string of lawsuits aiming to block state-level bans that took effect following the U.S. Supreme Court overturning Roe v. Wade—and have been successful in other state courts. Key Facts The Ohio Supreme Court rejected a request by abortion providers to block the law as a lawsuit against it moved forward, after courts let the six-week ban take effect hours after Roe v. Wade was overturned June 24. Four states— Louisiana , Kentucky , Utah and Texas —have now had statewide abortion bans blocked in state court after abortion providers challenged them under state law, which have allowed abortions to resume in those states. Louisiana was the first state to have its abortion trigger laws blocked on Monday—at least until a hearing on July 8—after abortion providers … [Read more...] about Ohio Supreme Court Lets Abortion Ban Stand—Here’s Where State Lawsuits Stand Now

A company tasked with caring for some of Colorado’s sickest people failed to consistently provide basic services like insulin injections for more than a year before state and federal authorities intervened, as its profit-driven leaders recruited more clients than they could handle, former employees allege. The Denver Post spoke to seven former employees and board members of InnovAge, a Denver-based elder care provider, and reviewed hundreds of pages of lawsuits, federal inspection reports and whistleblower complaints. All painted a picture of an organization so focused on growth that it continued signing up new people — including some homeless Denver residents who didn’t qualify — while struggling to serve clients it already had. The Colorado Department of Health Care Policy and Financing announced in December that it would no longer pay for InnovAge to care for new clients covered by Medicaid in the Program of All-Inclusive Care for the Elderly, or PACE, which offers services … [Read more...] about Denver’s InnovAge was struggling long before Medicare stopped paying