Nikola Founder Trevor Milton Indicted on Three Counts of Fraud
A federal grand jury on Thursday indicted Nikola's founder and former executive chairman, Trevor Milton, and charged the former executive three counts of fraud, the company confirmed. The grand jury charged Milton with two counts of securities fraud.....»»
Tesla must face fraud suit for claiming its cars could fully drive themselves
Lawsuit targets 2016 claim that all Tesla cars "have full self-driving hardware." Enlarge (credit: Getty Images | SOPA Images) A federal judge ruled yesterday that Tesla must face a lawsuit alleging that it committed fra.....»»
Scholars discover rare 16th-century tome with handwritten notes by John Milton
Poet crossed out one racy passage, deeming it "an unbecom[ing] tale for a hist[ory]" Enlarge / John Milton citing Spenser on the recent history of Ireland in his 1587 edition of Raphael Holinshed's Chronicles. Note Milton's itali.....»»
John Milton’s handwritten notes make this 16th century history book a rare find
Poet crossed out one racy passage, deeming it "an unbecom[ing] tale for a hist[ory]" Enlarge / John Milton citing Spenser on the recent history of Ireland in his 1587 edition of Raphael Holinshed's Chronicles. Note Milton's itali.....»»
$7B in attempted App Store fraud blocked by Apple, says the company
Apple is continuing its PR offensive to promote the official App Store as the safest place to buy iPhone apps, after antitrust cases forced it to open up its platform to competition. It said that it has blocked more than $7B’s worth of attempted Ap.....»»
Apple blocked $7 billion in fraud attempts on the App Store
Over a span of four years, Apple says that it has prevented over $7 billion in fraudulent transactions, blocked 375,000 apps on the App Store over privacy violations, and killed 3.3 million accounts for fraud attempts.Apple's stats on App Store prote.....»»
New methodologies to prevent fraud in the determination of geographical origin of hazelnuts
Food fraud concerning the geographical origin of hazelnuts intended for consumption is a problem that damages the agri-food sector and generates economic losses and consumer distrust......»»
Selfie spoofing becomes popular identity document fraud technique
Document image-of-image was the most prevalent identity (ID) document fraud technique in 2023, occurring in 63% of all IDs that were rejected, according to Socure. Selfie spoofing and impersonations dominate document-related identity fraud Document i.....»»
When choosing co-founders, entrepreneurs have a gender gap
One of the most important decisions an entrepreneur can make when launching a business is choosing the right co-founder. Should compatible personalities guide the choice? Or should the priority be someone who brings resources to the startup? How do e.....»»
Every drop counts: New algorithm tracks Texas"s daily reservoir evaporation rates
Summer can be an extra challenging time for Texas's 189 major water supply reservoirs. With temperatures consistently reaching 100 degrees or higher, reservoir evaporation rates see high increases......»»
Tesla is under a federal wire fraud probe for misleading investors
Prosecutors are combing subpoenaed materials for evidence Tesla knowingly misled. Enlarge (credit: Aurich Lawson | Tesla | Airplane!) There's more bad news for Tesla. On Monday, we learned that CEO Elon Musk is continuin.....»»
Tesla’s self-driving claims subject to federal securities and wire fraud probe
Prosecutors are combing subpoenaed materials for evidence Tesla knowingly misled. Enlarge (credit: Aurich Lawson | Tesla | Airplane!) There's more bad news for Tesla. On Monday, we learned that CEO Elon Musk is continuin.....»»
In Tesla Autopilot probe, U.S. prosecutors focus on securities, wire fraud
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. .....»»
Forgepoint Capital boosts Nudge Security’s seed round
Nudge Security announced new funding from Forgepoint Capital, which joins Ballistic Ventures in bringing the fast-growing startup’s seed funding to $16.5 million. Forgepoint Co-Founder and Managing Director Alberto Yépez will join the Nudge Securi.....»»
Rightsholders Want U.S. “Know Your Customer” Proposal to Include Domain Name Services
The U.S. Department of Commerce has proposed new customer verification requirements for Infrastructure as a Service providers. The goal of the 'Know Your Customer' regime is to prevent fraud and abuse, including piracy. In response to this plan, pro.....»»
Jack Dorsey Leaves BlueSky Board and Calls X ‘Freedom Technology’
The Twitter founder’s moves suggest an apparent warming of relations between him and Elon Musk. Jack Dorsey has left the board of social networking service Bluesky, which he helped fund and popularize a year ago in the wake of reg.....»»
Only 45% of organizations use MFA to protect against fraud
Most businesses struggle with identity verification and have concerns over ability to protect against AI, according to Ping Identity. Despite stronger protection solutions available, many organizations aren’t taking full advantage. The report, base.....»»
New Microsoft AI model may challenge GPT-4 and Google Gemini
In project headed by former Inflection chief, MAI-1 may have 500B parameters. Enlarge / Mustafa Suleyman, co-founder and chief executive officer of Inflection AI UK Ltd., during a town hall on day two of the World Economic Forum.....»»
Mercedes dealership sued for allegedly not revealing used car had flood damage
A customer has accused a South Carolina dealership group of fraud, negligence, breach of contract and a consumer protection law violation for failing to disclose the used 2018 Mercedes-Benz E300 she bought had flood damage......»»
Zeekr aims to raise up to $368 million in U.S. IPO
Zeekr founder and Chairman Shufu Li, according to a U.S. filing, will control almost 75 percent of the shareholder voting power in the company after the IPO......»»
Email Microsoft didn’t want seen reveals rushed decision to invest in OpenAI
Microsoft CTO made a "mistake" dismissing Google's AI as a "game-playing stunt." Enlarge (credit: HJBC | iStock Editorial / Getty Images Plus) In mid-June 2019, Microsoft co-founder Bill Gates and CEO Satya Nadella recei.....»»