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......»»
Glacier flooding in Alaskan capital sets new record
In the early hours of August 6, a lake dammed by Juneau's Mendenhall Glacier burst through the ice, flooding hundreds of homes and businesses in the Mendenhall Valley where many of the Alaskan capital's residents live. This outburst led to the larges.....»»
Romance fraud doesn"t only happen online—it can turn into real-world deception
We often think of fraudsters as people on the opposite side of the world. They will manipulate and exploit victims through words on a computer screen, or loving messages through the phone. But romance fraud can also happen in person, with the fraudst.....»»
University of Wisconsin denied new trial in decade-long chip patent battle against Apple
The ten-year legal battle between Apple and the University of Wisconsin may finally be over, with the university denied its latest attempt to regain half a billion dollars from the iPhone company.Apple's A7 processor is among the ones included in the.....»»
Telegram CEO charged with numerous crimes and is banned from leaving France
Multi-billionaire must post bail of 5 million euros, report to police twice a week. Enlarge / Pavel Durov, CEO and co-founder of Telegram, speaks at TechCrunch Disrupt SF 2015 on September 21, 2015, in San Francisco. (credit: Get.....»»
AI company Midjourney teases hardware product in a new form factor
It hired a hardware chief who previously worked on Apple Vision Pro. Responding to this meme image of a wizard with an orb from the I.C.E. book Middle-earth: Valar and Maiar, Midjourney's founder joked that the new hardware form.....»»
AI image-generation company Midjourney says it’s “getting into hardware”
It hired a hardware chief who previously worked on Apple Vision Pro. Responding to this meme image of a wizard with an orb from the I.C.E. book Middle-earth: Valar and Maiar, Midjourney's founder joked that the new hardware form.....»»
Ed Morse Automotive completes purchase of 6 Arizona dealerships
The dealerships represent the first in the state for the group......»»
Study: Among Viking societies, Norway was much more violent than Denmark
Rates of violence in Viking Age Norway and Denmark were long believed to be comparable. A team of researchers including University of South Florida sociologist David Jacobson challenges that assumption......»»
Old methods, new technologies drive fraud losses
GenAI, deepfakes and cybercrime are critical threats putting intensifying pressures on businesses, according to Experian. Top online security concerns for consumers According to the FTC, consumers reported losing more than $10 billion to fraud in 202.....»»
Public dealerships" F&I gross profits fall in Q2 but most above $2,000 a vehicle
AutoNation, Lithia, Group 1, Sonic and Asbury all had same-store finance and insurance gross profit per vehicle above $2,000 in the second quarter......»»
Westlake Financial launches fleet financing product to power micro leasing at dealerships
The vehicles used in micro lease programs can fall into a gap not covered by traditional floorplan or rental financing......»»
Artificial intelligence is powering the latest fraud trends
The automotive retail industry was built on face-to-face interactions, but even experts often cannot spot an AI generated document with the naked eye......»»
Telegram CEO Pavel Durov awaits charges in France as firm denies law-breaking
Telegram accused of not cooperating on drug trafficking and child sexual content. Enlarge / Pavel Durov, CEO and co-founder of Telegram, speaks at TechCrunch Disrupt SF 2015 on September 21, 2015, in San Francisco, California. (c.....»»
Study IDs best "red flags" auditors can use to spot financial fraud
A new analysis of the benchmarks that auditors use to identify financial statement fraud risk finds that the most commonly used benchmarks are less effective at identifying fraud than benchmarks that are less commonly used......»»
Telegram CEO Pavel Durov detained in France; fake reports of App Store removal
Telegram co-founder and CEO Pavel Durov has been “detained” in France, on suspicion of failing to take steps to prevent the criminal use of the messaging app. Various rumors are circulating regarding the nature of the investigation, and the fu.....»»
Shocker: French make surprise arrest of Telegram founder at Paris airport
Lack of moderation on Telegram claimed to be reason for arrest. Pavel Durov, Telegram founder and former CEO of Vkontakte, in happier (and younger) days. (credit: Pavel Durov/VK) Late this afternoon at a Parisian airport.....»»
Why turning on your subtitles might be more radical than you think
In an interview with Digital Trends, Henry Warren, co-founder of Turn on the Subtitles, explains why opting in for subtitles can improve a child's literacy......»»
After cybersecurity lab wouldn’t use AV software, US accuses Georgia Tech of fraud
Researchers allegedly found security protocols "burdensome." Enlarge (credit: Georgia Tech) Dr. Emmanouil "Manos" Antonakakis runs a Georgia Tech cybersecurity lab and has attracted millions of dollars in the last few ye.....»»
Dealerships can best use AI for specific processes
An expert with Infobip talked with Automotive News about the benefits of targeted AI use at dealerships......»»
Gearbox founder says Epic Games Store hopes were “misplaced or overly optimistic”
Pitchford's prediction that Steam could be "a dying store" have not come to pass. Enlarge / Artist's conception of Randy Pitchford surveying the Epic Games Store landscape years after Borderlands 3's exclusive launch there. (cred.....»»