Business, page 2
43 on fileFounders, frauds and the restitution orders. Filed by MrMoney, the business desk.
Business stories, page 2
Business · 💸 Equifax agreed to pay at least $575M over 2017 data breach
A $300M consumer fund, $175M for states, a $100M CFPB penalty. The FTC alleged Equifax failed to secure its network, and the deal settled it. 📌
Business · ⚖️ Volkswagen Dieselgate bill: $33B+ in fines, buybacks, payouts
VW pleaded guilty in 2017 and has paid over $33B, AP reports. Winterkorn denies wrongdoing; his German trial was suspended in 2025. ⏳
Business · ⚖️ New York Times v OpenAI: 'billions' sought, fair use claimed
The Times seeks 'billions of dollars'; OpenAI and Microsoft say training is fair use. No merits ruling appears in the record read. ⏳
Business · 🏦 Senate Democrats plan JPMorgan-Epstein probe, report says
Finance Democrats reportedly eye the bank's Epstein ties after $290M and $75M settlements. JPMorgan says it regrets any association. 🗣️
Business · ⚖️ Harmeet Dhillon resigns at DOJ; says she was asked to wait
Dhillon says chief of staff Susie Wiles asked her to wait until after the midterms. The White House praised her work. 🗣️
Business · 📉 LIV Golf tells court it will wind down after $5B+ Saudi cash
LIV's lawyer says no LIV 2.0 after BC Partners passed on $300M. The PIF's lawyer: 'we respect the decision.' Plan due Nov 9. 🗣️
Business · 🏛️ Biggest founder frauds ranked: Madoff tops, $170B forfeiture
Seven names ranked on court and regulator records. Scrushy was acquitted on the HealthSouth fraud counts; the score is an index, not a verdict. 📌
Business · 💼 Biggest celebrity frauds ranked: Ebbers's $11B WorldCom first
Nine cases rest on court outcomes, one on a guilty plea. Several defendants appealed, and Kenneth Lay died before sentencing. ⏳
Business · ⚖️ Delaware Supreme Court restores Musk's $56B Tesla pay
A judge had voided it. The justices awarded $1 in damages, cut the $345M fee and left the findings on Musk's control standing. 📌
Business · 🏦 Wells Fargo fake accounts: $185M fine, $3B deal, cap lifted
The bank called its conduct "reprehensible" in 2020, but settled the 2016 case without admitting or denying the findings. Asset cap lifted 2025. 🗣️
Business · 🤖 Judge OKs Anthropic's $1.5B authors' deal; OpenAI case waits
One court-approved payout for pirated books, one fair-use ruling on training, no merits ruling yet in the Times suit. OpenAI says its use is fair. ⏳
Business · 🧾 Trump Organization convicted on 17 tax fraud counts
Trump was not charged. Weisselberg's deal: nearly $2M and five months. The company called its liability "simply preposterous". 🗣️
Business · 👟 Adidas ended its Ye deal, warning of a €250M hit
Bloomberg put the deal's 2020 revenue near $1.7bn. Ye says he was two months from bankruptcy and disputes Forbes' wealth estimates. 🗣️
Business · ⏰ Musk's OpenAI suit dismissed: the jury faulted his timing
The jury never ruled on whether going for-profit broke OpenAI's founding charter - only on how long Musk waited to challenge it. ⏳
Business · 🏢 SoftBank offered Adam Neumann up to $1.7B to leave WeWork
SoftBank walked from the 2019 deal; a 2021 settlement bought nearly $500M of his stock plus $50M. His 2024 bid to buy WeWork back went nowhere. ⏳
Business · 🏝️ Fyre Festival's Billy McFarland: $26M forfeited, brand sold
He served under four years of a six-year sentence, then tried Fyre II, an eBay auction and a Honduras reboot. The new owner hasn't said what's next. ⏳
Business · 🪙 Sam Bankman-Fried: 25 years and an $11B forfeiture over FTX
He is appealing the conviction and the forfeiture order; the Supreme Court is set to review his petition later this year. ⏳
Business · 🧪 Elizabeth Holmes and Balwani ordered to pay $452M for Theranos
A judge set it after Holmes's four-count fraud conviction, then put it on hold over her finances. How much was recovered isn't on record. ⏳
Business · 📉 Do Kwon gets 15 years for Terra's $45B collapse
He pleaded guilty and loses $19M of his gains. Whether he faces a second trial in South Korea is still unresolved. ⏳