GPB Capital founder David Gentile found guilty in Ponzi-like fraud that included dealerships
Gentile’s co-defendant, Jeffry Schneider, who ran Texas-based Ascendant Capital, also was convicted of securities fraud and conspiracy charges by a federal jury in Brooklyn, N.Y., following a trial that lasted more than seven weeks......»»
Dealerships in Florida close as Hurricane Helene bears down
Dealerships in Tallahassee and along the Gulf Coast closed earlier than usual Sept. 26 ahead of Hurricane Helene's arrival......»»
The war of words between SpaceX and the FAA keeps escalating
"You may have read a little bit of nonsense in the papers recently." Enlarge / Elon Musk, SpaceX's founder and CEO, has called for the resignation of the FAA administrator. (credit: Dominika Zarzycka/NurPhoto via Getty Images).....»»
18 years for woman who hoped to destroy Baltimore power grid and spark a race war
US says ex-cons exchanged letters while in different prisons, then planned attack. Enlarge / Photographs included in an FBI affidavit show a woman believed to be Sarah Beth Clendaniel. (credit: FBI) A Maryland woman was.....»»
FAA-SpaceX regulatory dispute simmers on as sides dig in
"You may have read a little bit of nonsense in the papers recently." Enlarge / Elon Musk, SpaceX's founder and CEO, has called for the resignation of the FAA administrator. (credit: Dominika Zarzycka/NurPhoto via Getty Images).....»»
Quito fires coming under control after choking capital
Firefighters in Ecuador's capital were battling the remnants of major forest fires on Thursday that had sent massive plumes of smoke above Quito earlier this week, amid a record drought......»»
Ecuador capital "under attack" from five wildfires
Firefighters battled five blazes on the outskirts of Ecuador's capital Quito on Wednesday, as wildfires continue to rip through South American nations turned into tinderboxes by droughts linked to climate change......»»
Ford leads industry in minority dealership gains
Ford displaced Stellantis as the automaker that added the most minority-owned dealerships last year, with a net gain of 24......»»
Why do people breach their bail? Research shows it"s not because they"re committing more crimes
In Australia and most countries, everyone is innocent until proven guilty. Because of this, keeping someone in detention before trial comes with serious legal, practical and human-rights consequences, not just for the person accused but also for thei.....»»
Six hurt in Ecuador as firefighters battle blazes choking capital
Firefighters and helicopters were battling five forest fires Wednesday on the outskirts of Quito that have left six people injured and led to the evacuation of over 100 families......»»
NICE Actimize Fraud Investigation combats fraud and financial crime
NICE Actimize launched AI-powered Fraud Investigations solution that facilitates end-to-end fraud management capabilities from detection to investigations. Explicitly designed to enable fraud investigations post detection, the new solution helps fina.....»»
New shark species named for late Microsoft co-founder
A hammerhead shark species discovered by FIU scientists finally has a name and its namesake is the late Paul G. Allen, philanthropist and cofounder of Microsoft......»»
Telegram will share IP addresses, phone numbers of criminal suspects with cops
Telegram will start handing over the IP addresses and phone numbers of users who violate their Terms of Service “to relevant authorities in response to valid legal requests”, Telegram founder and CEO Pavel Durov has announced on Monday. T.....»»
Discover how online fraud can impact your business
Recent reports underscore increased fraud losses driven by both old methods and new technologies. As fraudsters exploit advancements in AI and other sophisticated tools, their methods have become more difficult to combat. From AI-driven scams and sop.....»»
65% of websites are unprotected against simple bot attacks
Companies across industries are seeing more bot-driven attacks, both basic and advanced, according to DataDome. An analysis of over 14,000 websites uncovered alarming gaps in protection against cyber fraud, particularly within consumer-centric indust.....»»
Dealerships can start filing claims in CDK antitrust settlement
An Illinois federal judge has granted preliminary approval for CDK's agreement to pay $100 million to resolve a class-action antitrust lawsuit......»»
"Pig butchering" fraud: The link between modern slavery, torture and online crime
Netflix documentary "The Tinder Swindler" tells the story of a fraudster who convinces women he met on a dating app to "loan" him large sums of money. It shows the devastating financial damage and psychological trauma online romance fraud can inflict.....»»
White House picks Monroe Capital to develop $1 billion fund for auto suppliers
The fund will help smaller firms along the supply chain gain access to capital in what is an underserved market in finance, despite being a trillion-dollar industry, CEO Theodore Koenig said......»»
Paid open-source maintainers spend more time on security
Paid maintainers are 55% more likely to implement critical security and maintenance practices than unpaid maintainers and are dedicating more time to implementing security practices like those included in industry standards like the OpenSSF Scorecard.....»»
Restaurant owner who hid over $2M in cash in his bedroom convicted of tax, COVID-relief fraud
Restaurant owner who hid over $2M in cash in his bedroom convicted of tax, COVID-relief fraud.....»»
How much auto demand will the Fed"s half-point rate cut produce?
The Federal Reserve cut its benchmark rate target 0.5 percentage points on Sept. 18, which could reduce the market interest rates that Cox Automotive polling indicates are dealerships' No. 1 challenge......»»