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Abraham Shafi, social media founder of IRL, charged in $170M fraud

The social media founder of pandemic unicorn IRL has been charged with fraud of $170 million for lying about the company’s popularity and defrauding investors by spending company money on personal expenses, according to federal regulators. Abraham Shafi, the 37-year-old CEO of Get Together Inc., the IRL platform’s parent company, raised the money by claiming […]

‘Fanatic’ Just Stop Oil Founder Jailed over Highway Disruptions in England

The co-founder of radical environmental groups Just Stop Oil and Extinction Rebellion has been given a long prison sentence along with four other environmental activists over motorway chaos in England. Roger Hallam, one of Britain’s most radical environmental activists, was convicted of conspiring to disrupt traffic in 2022 over the Just Stop Oil blockade of […]

Ozy Media founder Carlos Watson convicted in fraud trial

Ozzy Media and its founder, Carlos Watson, were convicted of fraud on Tuesday by a Brooklyn federal jury that accused them of making false representations to investors about the now-disbanded startup’s finances and making false deals with Google and Oprah Winfrey. Watson and Ozzi, a former cable news anchor and investment banker, were convicted of […]

Archegos founder Bill Hwang convicted at criminal trial over $36B fund’s collapse

Archegos Capital Management founder Sung-Kook “Bill” Hwang was convicted by a jury in a criminal trial in Manhattan federal court on Wednesday after prosecutors accused him of manipulating markets ahead of the 2021 collapse of his $36 billion private investment firm. Jurors began deliberations Tuesday morning, a day after closing arguments in the trial of […]

Rediscovering an Extraordinary Founder

Estimated Reading Time: 8 minutes As revolutions go, it’s probably better to be subjected to the bloodless kind. Our current ideological revolution (bloodless so far, at least) seeks to throw America’s Founders down from the heights of past admiration. This must be done, we are told, because they violated every standard that thankless and petulant […]