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Hedge fund founder charged with fraud related to Neiman Marcus bankruptcy

The fees are part of an alleged bid rigging plan tied to the retailer’s bankruptcy. According to the Justice Department, Kamensky tried to suppress a competing bid for Neiman’s MyTheresa assets in order for Marble Ridge to secure the shares at a lower price. Then he tried to force the competing bidder to cover up the alleged system, the DOJ …

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The airline founder is building Asia’s next super app

Image rights Getty Images AirAsia founder Tony Fernandes is building the region’s hoped-for “super app” as he tackles the coronavirus travel downturn. He wants to compete with Grab, GoJek and WeChat with an all-in-one mobile platform for grocery delivery, banking, shopping, payments and travel. As the head of the airline, he’s been looking for new ways to generate income while …

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The Facebook founder sees that prosperity has reached $ 100 billion after the start of TikTok rival

Facebook founder Mark Zuckerberg has seen his personal wealth increase to $ 100 billion (£ 76 billion) following the launch of a new short-form video feature. On Wednesday, Facebook announced the launch of Instagram Reels in the US, rivaling the controversial Chinese app TikTok. Facebook shares rose more than 6% on Thursday. Mr. Zuckerberg has a 13% stake in the …

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Sierra Club apologizes for the racist views of founder John Muir

LOS ANGELES – The Sierra Club apologized on Wednesday for racist remarks made by its founder, naturalist John Muir, more than a century ago when the influential environmental group grappled with a harmful story that maintained white supremacy. Executive director Michael Brune said it was “time to dismantle some of our own monuments” as statues of Confederate officers and colonists …

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John Muir: The Sierra Club speaks out against its racist founder

Michael Brune, Executive Director of the Sierra Club, describes some issues with Muir in a letter posted on the organization’s website, and promises to face past white hegemony. “The Sierra Club is a 128-year-old organization with a complex history, some of which have done considerable and immeasurable damage,” the letter said. “We must also use this moment to re-examine our …

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The suspect is said to have been arrested for the murder and dismemberment of the tech founder

The body of 33-year-old technology entrepreneur Fahim Saleh was found in his house in Manhattan on Tuesday. His head and limbs were removed, New York police told Business Insider, and an electric saw was found near the body. A NYPD spokesman said earlier this week, “Looks like a professional job.” On Friday, the New York Times reported that Saleh’s assistant, …

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Fahim Saleh: Nigeria’s tech industry mourns the founder of Gokada

33-year-old Saleh was found in his New York apartment, a law enforcement agency told CNN. Gokada described the death of his CEO as “sudden and tragic”. “Our hearts go to his friends, family and all those who feel the pain and heartache that we are currently experiencing here at Gokada,” the statement said on Twitter. Saleh’s friends in Nigeria remember …

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BET founder Bob Johnson calls for reparation for slavery and says the United States will remain “separate and unequal” without it

Robert Johnson, founder of Black Entertainment Television, outlined his request for payment of $ 14 trillion in reparations to African Americans on Monday in the “Special Report”. Johnson told host Bret Baier that the Americans must look at the time in a “total context”. “Part of this context is that people have the right to protest if they see injustice. …

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Wunderlist founder announces a new productivity app called Superlist

Christian Reber, founder of the popular Wunderlist productivity application, announced today that he is working on a new company called Superlist. As stated on the very pretty landing page, the goal is to enable “increased productivity for teams of the future”. It is not yet clear what Superlist will do – apart from being a productivity tool, according to Reber’s …

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