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☆ After years of legal issues, Hayley Paige and JLM Couture finally reached a settlement that gives the designer her name back
▼ + stars: | 2024-05-24 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +9 min

Hayley Paige Gutman and JLM Couture have been in a legal battle since 2020Gutman started working with JLM Couture in 2011, selling her designs under the company's umbrella. AdvertisementDesigner Hayley Paige Gutman was in a legal dispute with JLM Couture for years. AdvertisementMost importantly, the settlement gives Gutman ownership of all intellectual property associated with Hayley Paige that JLM previously owned, including the trademarks and lookbooks for the bridal lines Hayley Paige Bridal, Blush By Hayley Paige, and Hayley Paige Occasions, as well as the social-media accounts associated with her name. Hayley Paige. AdvertisementShe also plans to keep designing shoes and accessories under She Is Cheval as a "sister brand" to Hayley Paige.

Persons: —, Hayley Paige, Hayley Paige Gutman, JLM Couture, Hayley Paige Bridal, Gutman, JLM, Joe Murphy, allthatglittersonthegram Gutman, Conrad Clevlen, Cheval, JLM hadn't, Clevlen, Nancy Pauline, Dia Dipasupil Organizations: Service, Business, JLM, BI, New, Appeals Locations: Delaware, New York, JLM

☆ Mount Everest: Kenyan mountaineer Joshua Cheruiyot Kirui dead and Nepali sherpa still missing
▼ + stars: | 2024-05-23 | by ( Larry Madowo | ) edition.cnn.com time to read: +3 min

CNN —An experienced Kenyan mountaineer died Wednesday and rescuers are still searching for the Nepali sherpa who was with him, after the team attempted to summit Mount Everest without supplemental oxygen, according to the Nepali government and his employer. The body of 40-year-old Joshua Cheruiyot Kirui was found about 20 meters from the summit of the world’s highest mountain, an official of Nepal’s Department of Tourism told CNN. Kirui, a banker based in Nairobi, and the 44-year-old guide Nawang Sherpa were reported missing early Wednesday after going out of radio contact. A rescue team then began searching for them in camps and trails along the expansive mountain, Gautam told CNN. Spring is the prime time to climb Everest, although some mountaineers might climb in the less favorable autumn season.

Persons: Joshua Cheruiyot Kirui, “, Gautam Khim Lal, Gautam, Kirui, … it’s, ”, Paul Russo, There’s, CNN’s Sugam Organizations: CNN, Nepali sherpa, Nepal’s Department of Tourism, Bank, Kenyan Locations: Kenyan, Nairobi, Nepal, Everest, Kenya, Manaslu, Mt Everest, Tibet, China

☆ Elizabeth Warren wants more student loan borrowers to know bankruptcy is easier now
▼ + stars: | 2024-05-23 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Julia Nikhinson | ReutersDischarging student debt in bankruptcy is now easierThe new guidance has already led to changes. In the first 10 months of the Biden administration's more lenient process, student borrowers filed more than 630 bankruptcy cases, a "significant increase" from recent years, it reported last year. Many borrowers are 'not aware' of changesYet Warren says more work still needs to be done. "More than 43 million borrowers in the United States carry a total of $1.6 trillion in student loan debt, and more than 2 million borrowers have been repaying those loans for at least 20 years," Warren and Whitehouse wrote. "DOJ and ED must work harder to encourage borrowers to seek relief — and deliver on that relief when requested," they added.

Persons: Elizabeth Warren, Julia Nikhinson, Biden, I've, Neu, Warren, Whitehouse Organizations: Intelligence, U.S, Capitol, CNBC, DOJ, The, of Justice and Education Department Locations: Washington, Seattle, United States

☆ House v. NCAA: College sports could see a dramatic change. Here’s what you need to know
▼ + stars: | 2024-05-23 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

CNN —College athletes could soon get dramatically different paychecks. The lawsuitThe House v. NCAA lawsuit was filed by Grant House and Sedona Prince, two college athletes, against the NCAA and the Power 5 conferences – the Pac-12, Big Ten, Big 12, Southeastern and Atlantic Coast – in US District Court Northern District of California Oakland Division in 2020. But college athletes in the House lawsuit say current NIL rules and an “anticompetitive” college system hurt their chances to make money. The possible settlement comes against a backdrop of attitudes toward college athletes receiving payments gradually changing. Earlier this year, members of the Dartmouth College men’s basketball team became the first college athletes to vote to join a union, a significant milestone in the rapidly changing business for collegiate sports.

Persons: Grant, Caitlin Clark, Caleb Williams, NILs, Michael Reaves, ”, Chris Jones, ” Jeffrey Kessler, Kessler Organizations: CNN — College, National Collegiate Athletics Association, NCAA, Grant House, Sedona Prince, Big, of California Oakland Division, College, Football, Division, Department of Education, Supreme, Iowa, USC, Westmont, FMC, CNN, National Association of Collegiate, Athletics, Baylor Lady Bears, USA, Sports, Reuters, Yahoo Sports, Athletic, ESPN, ACC, Dartmouth College men’s Locations: Southeastern, Atlantic, California, U.S, United States

☆ Fintech nightmare: 'I have nearly $38,000 tied up' after Synapse bankruptcy
▼ + stars: | 2024-05-22 | by ( Hugh Son | ) www.cnbc.com time to read: +4 min

The situation deteriorated in April after Synapse declared bankruptcy following the exodus of several key partners. That has left users of several fintech services stranded with no access to their funds, according to testimonials filed this week in a California bankruptcy court. One customer, a Maryland teacher named Chris Buckler, said in a May 21 filing that his funds at crypto app Juno were locked because of the Synapse bankruptcy. Synapse had contracts with 20 banks and 100 fintech companies, resulting in about 10 million end users, according to an April filing from founder and CEO Sankaet Pathak. The freeze-up of customer funds exposes the vulnerabilities in the banking as a service, or BAAS, partnership model and a possible blind spot for regulatory oversight.

Persons: Andreessen Horowitz, Chris Buckler, Buckler, Dave, Juno, Sankaet Pathak, Pathak, Joseph Dominguez, Dominguez, Jason Mikula, Mikula Organizations: Istock, Synapse, Evolve Bank & Trust, Mercury, CNBC, Evolve Bank, Trust, Regulators, FDIC, Federal Reserve Locations: California, Maryland, Joseph Dominguez of Sacramento , California, Silicon

☆ Things are about to get a lot tougher for Jensen Huang's Nvidia
▼ + stars: | 2024-05-22 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The 61-year-old Silicon Valley veteran running Nvidia has overseen a $2 trillion surge in its value since the start of last year. Justin Sullivan/Getty ImagesThe hype behind Nvidia's chips is no joke. But competitors have been busy developing AI chips of their own to reduce reliance on Nvidia's increasingly expensive offerings. AMD CEO Lisa Su, who's Huang's cousin, is aiming to pry Nvidia customers away with a chip named the MI300X that costs between $10,000 and $15,000. If they succeed in using Triton, they could be one step closer to a future in which alternatives to Nvidia's chips are easier to use.

Persons: —, Jensen Huang, Sam Altman, Mark Zuckerberg, Matt Bryson, Huang, isn't, Justin Sullivan, Taylor Swift, Nvidia's, Blackwell, Zuckerberg, Lisa Su, who's, Jensen, AMD, CUDA, OpenAI Organizations: Service, Silicon, Nvidia, Microsoft, Apple, Business, GTC, AMD, Google, Meta, Financial Times Locations: San Jose , California, Woodstock

☆ Sam Bankman-Fried is being moved to a new prison
▼ + stars: | 2024-05-22 | by ( Allison Morrow | ) edition.cnn.com time to read: +1 min

New York CNN —Prison officials began transferring former crypto mogul Sam Bankman-Fried to a new facility early Wednesday, removing him from the Brooklyn, New York, jail where he’s resided for the past nine months, a spokesperson for Bankman-Fried said. Mendota is home to one medium-security federal correctional institution with an adjacent minimum-security satellite facility, according to the Bureau of Prisons website. Bankman-Fried had sought to stay in New York in the near term while preparing his appeal on multiple federal counts of fraud and conspiracy, for which he was sentenced in March to 25 years in prison. A jury last fall found Bankman-Fried guilty of carrying out what prosecutors called one of the biggest financial crimes in US history. The Bureau of Prisons declined to provide details, telling CNN that it doesn’t comment on “the conditions of confinement for any individual, including potential transfers,” citing security concerns.

Persons: Sam Bankman, he’s, Fried, — CNN’s Erin Burnett, Sabrina Souza Organizations: New, New York CNN — Prison, Stanford University, of Prisons, Prisons, CNN Locations: New York, Brooklyn , New York, Mendota , California, Mendota

☆ Rudy Giuliani and 10 others plead not guilty to charges of conspiring to overturn the 2020 presidential election in Arizona
▼ + stars: | 2024-05-21 | by ( Holmes Lybrand | Kyung Lah | ) edition.cnn.com time to read: +3 min

Phoenix CNN —Rudy Giuliani and 10 others pleaded not guilty in an Arizona court Tuesday to charges of allegedly conspiring to overturn the 2020 presidential election results. Giuliani was served Friday in Palm Beach, Florida, at his 80th birthday bash held by a GOP operative. Arizona prosecutors spent weeks trying to track down Giuliani and eventually found him based on some of his podcasts. That evening, Giuliani posted a tweet saying that “if Arizona authorities can’t find me by tomorrow morning” they would have to dismiss the indictment. “I haven’t been hiding from anyone,” Giuliani told the judge during Tuesday’s hearing.

Persons: Phoenix CNN — Rudy Giuliani, Giuliani, Donald Trump, Christina Bobb, Trump, ”, Mike Roman, Kelli Ward, John Eastman, Mark Meadows, Boris Epshteyn, Jenna Ellis, ” Giuliani, Nicholas Klingerman, Giuliani “, Klingerman, can’t, “, …, I’ve, Donald Trump ’, didn’t Organizations: Phoenix CNN, New, GOP, Republican National, Arizona Republican, White House, Trump Locations: Arizona, New York, Palm Beach , Florida, Florida, France, Netherlands

☆ Trump allied Republicans are changing the GOP's approach to labor, free markets and regulation
▼ + stars: | 2024-05-21 | by ( Eamon Javers | ) www.cnbc.com time to read: +9 min

WASHINGTON — The first Trump presidency shattered conservative economic ideology on the Republican Party's approach to free markets and tariffs. Source: AmericanCompass.org To be clear, this is not yet the dominant strain of Republican economic thinking in Washington. Cass argues that Republican economic policy has been focused on the wrong goals: lowering prices and increasing consumption. "It was absolutely black letter economic doctrine that the point of economic policy was to consume as much as possible. watch now"Spinning assets in circles creates nothing of value, and in fact creates the opposite of value," Cass said.

Persons: Donald Trump, Brendan Mcdermid, Eamon Javers, WASHINGTON —, Trump, Trump's, Sohrab Ahmari, Ahmari, elitists, Bud Light, Oren Cass, Cass, Michael Wayland, CNBC Cass, –, Biden, Pennsylvania Republican Sen, Pat Toomey Organizations: Reuters, WASHINGTON, Trump, Republican, GOP, Wall Street, Amazon, Starbucks, U.S . Chamber of Commerce, Block, Development Bank, Environmental, American, Bronco, Ford's, Ford's Michigan Assembly, CNBC, Wall, Pennsylvania Republican Locations: Freeland , Michigan, U.S, America, Washington, China, Block, Ford's Michigan, Cass, Pennsylvania

☆ Red Lobster bought a lot of shrimp from its Thai owner. Now, the new CEO is investigating.
▼ + stars: | 2024-05-21 | by ( Meghan Morris | ) www.businessinsider.com time to read: +1 min

Red Lobster filed for Chapter 11 bankruptcy after suffering significant financial losses. CEO Jonathan Tibus questioned the company's purchasing processes, including from owner Thai Union. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the company's CEO faulted owner and key seafood supplier Thai Union for its role in the shrimp debacle — and in Red Lobster's trajectory — in a filing on Sunday. Jonathan Tibus, a turnaround expert who took the CEO job in March, wrote that Red Lobster had long bought much of its shrimp from owner Thai Union.

Persons: Jonathan Tibus, — Organizations: Thai Union, Service, Business

☆ How Red Lobster choked on its own Endless Shrimp deal
▼ + stars: | 2024-05-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

First, Red Lobster got screwed by private equity. Back in 2014, the Darden restaurant group spun off Red Lobster to a private equity firm. Thai Union, under Kenny’s direction, elbowed out other shrimp suppliers, “leaving Thai Union with an exclusive deal that led to higher costs to Red Lobster,” according to the filing. And if you’re the exclusive provider of shrimp to America’s biggest seafood chain, what’d be better than making that limited-time all-you-can-eat shrimp deal a permanent menu item? The all-you-can-eat shrimp deal alone didn’t doom Red Lobster, but boy did it do some damage at a time when the chain was already buckling.

Persons: Nathaniel Meyersohn, ”, Management wasn’t, Jonathan Tibus, Tibus, Paul Kenny, Kenny Organizations: New, New York CNN, Darden, Management, Thai Union, CNN Locations: New York, foundering, Bangkok, Thai

☆ Giuliani agrees to stop spreading 2020 vote-tampering lies about Georgia election workers
▼ + stars: | 2024-05-21 | by ( Katelyn | ) edition.cnn.com time to read: +2 min

CNN —Rudy Giuliani has agreed to never again publicly accuse two Georgia election workers of tampering with votes in the 2020 election, a false accusation that he has repeated frequently and that led to his bankruptcy. With the agreement, Giuliani is forfeiting a yearslong verbal and legal battle he’s waged with the election workers, Ruby Freeman and her daughter, Shaye Moss. “Today ends his efforts to profit off of lies about these two heroes of American democracy,” the workers’ attorney Michael Gottlieb said in a statement. The trial provided a searing glimpse into the harassment election workers suffered while prominent Trump supporters spread lies about the 2020 election. Giuliani is also in Chapter 11 personal bankruptcy, with Freeman, Moss and others pursuing everything he has of value.

Persons: CNN — Rudy Giuliani, Giuliani, he’s, Ruby Freeman, Shaye Moss, Donald Trump, Freeman, Moss, Michael Gottlieb, Beryl Howell Organizations: CNN, Trump, New Locations: Georgia, New York, Arizona, Washington

☆ Jim Cramer looks at Red Lobster's recent troubles
▼ + stars: | 2024-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer looks at Red Lobster's recent troubles'Mad Money' host Jim Cramer looks at Red Lobster's recent bankruptcy and what it means for the market.

Persons: Jim Cramer

☆ Jamie Dimon might finally be ready to call it quits
▼ + stars: | 2024-05-21 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyA retirement loomsMarianne Ayala/BIThe world's most recognizable banker might finally be ready to call it quits. The comings and goings of Wall Street executives are common, even at the highest levels. Wall Street has long speculated about who will ultimately succeed Dimon. Martin Gruenberg has told staff he'll stand down as chairman once a replacement has been found , per The Wall Street Journal. A report from the Wall Street Journal says the company hopes to conduct its next implant in June.

Persons: —, Jamie Dimon's, Marianne Ayala, Jamie Dimon, Insider's Paul Squire, nodded, Morgan Stanley, JPMorgan's, Tom Williams, Dimon, Jennifer Piepszak, Marianne Lake, Troy Rohrbaugh, BI's Reed Alexander, Reed, M, Alyssa Powell, Goldman Sachs, Lindsay MacMillan, Nancy Lazar, Piper, Martin Gruenberg, OpenAI, Scarlett Johansson, Sam Altman's, Andrea Chronopoulos, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Navy SEAL, Business, JPMorgan, Street, Citi, Bank, Inc, Getty, Wall, Dimon, Bank of America, FDIC, Microsoft, Wall Street Journal Locations: New York, London

☆ Elon Musk is mourning the loss of Red Lobster too
▼ + stars: | 2024-05-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Red Lobster filed for bankruptcy on Sunday and Elon Musk is sad to see them go. I have some fond memories from a long time ago of eating at Red Lobster," he said. AdvertisementElon Musk wasn't happy when he found out that Red Lobster is filing for bankruptcy. On Sunday, the seafood chain said in a statement that it had filed for Chapter 11 bankruptcy. Red Lobster said its restaurants will "remain open and operating as usual during the Chapter 11 process."

Persons: Elon Musk, —, Elon Organizations: Sunday, Service

A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Red Lobster has filed for Chapter 11 bankruptcy protection, continuing the process to shrink its footprint and find a buyer, the company said in a statement. CNBC reported last month Red Lobster was seeking a buyer, weighed down by significant debt and long-term leases. At the time, it was tough to predict that Red Lobster would see sales drop as much as they have. "This restructuring is the best path forward for Red Lobster," Tibus said in a statement late Sunday.

Persons: — Jonathan Tibus, Alvarez, Marsal, Tibus, Red, we've, General Mills, Darden, Kim Lopdrup, Paul Kenny's, Kenny Organizations: CNBC, Golden, Darden, Food, General, Thai Union Group, Thai Union, Red Lobster, Seafood Alliance, Thai Locations: Rohnert Park , California, U.S, Canada, Orlando , Florida, Olive, Thai

☆ Red Lobster, an American Seafood Institution, Files for Bankruptcy
▼ + stars: | 2024-05-20 | by ( Ali Watkins | More About Ali Watkins | ) www.nytimes.com time to read: +1 min

Versatile and resilient, the lobster survives by molting, shedding its skin and growing into a new, bigger shell. Red Lobster said it planned to reduce its locations as it prepared to to sell most of its assets. In the meantime, surviving Red Lobster restaurants will remain open. It has been a painful, slow end for Red Lobster, whose death throes were telegraphed earlier this year when the company reportedly sought to restructure its debt. After decades as a General Mills subsidiary, Red Lobster was purchased by a private equity firm in 2014, and bolstered by a 2020 investment from a Thai seafood conglomerate.

Persons: molting Organizations: General Mills

☆ Red Lobster files for bankruptcy
▼ + stars: | 2024-05-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: 1 min

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☆ New York AG announces $2 billion settlement with crypto lender Genesis
▼ + stars: | 2024-05-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

New York Attorney General Letitia James is settling with crypto lender Genesis for $2 billion to repay defrauded investors. The lawsuit was broadened in February, alleging that DCG and Genesis defrauded additional investors out of more than $2 billion. Despite a legal challenge brought by parent company DCG, a bankruptcy court approved the lender's Chapter 11 repayment plan, which included the settlement between James' office and Genesis. The settlement bars Genesis from operating in New York. The settlement also established a fund for victims comprising at least 29,000 New York residents who collectively gave more than $1.1 billion to Genesis through its Gemini Earn product.

Persons: Letitia James, James, DCG, Genesis Organizations: New, Digital Currency Group, Gemini Trust, Securities, Exchange Commission Locations: New York

☆ Hundreds of older Virgin Atlantic cabin crew say they were unfairly dismissed during the pandemic
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewVirgin Atlantic is being sued by more than 200 former cabin crew, claiming the airline unfairly targeted older staff for dismissals during the pandemic, The Guardian reported. Virgin Atlantic also retired its Boeing 747 jumbo jets a year early and closed its base at London Gatwick Airport as it tried to avoid bankruptcy. Related storiesIn its 2021 annual report, Virgin Atlantic said it rehired 99 pilots and 724 cabin crew from the holding pool, "something we had committed to doing as soon as possible in the reorganization of 2020." About 150 workers are reportedly being represented by the Cabin Crew Union, another 51 by a law firm, and a further 11 elsewhere. "I was flabbergasted that I wasn't in the holding pool," she added.

Persons: —, Richard Branson, Virgin Atlantic, Susan Mcentegart Organizations: Service, Guardian, Virgin Atlantic, Boeing, Gatwick Airport, Business, Virgin Locations: London

☆ Red Lobster just filed for bankruptcy — but it's not going to disappear
▼ + stars: | 2024-05-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Read previewRed Lobster has filed for Chapter 11 bankruptcy, the seafood restaurant chain announced in a statement on Sunday. However, Red Lobster added its remaining restaurants will "remain open and operating as usual during the Chapter 11 process." Filing for Chapter 11 bankruptcy allows a company to stay in business while it restructures its assets. The firm said it had received a $100 million debtor-in-possession agreement from its existing lenders, which will now take control of Red Lobster. Advertisement"This restructuring is the best path forward for Red Lobster," Tibus said.

Persons: —, Jonathan Tibus, Tibus, we've Organizations: Service, Business, Thai Union Group

☆ How Red Lobster’s misguided endless shrimp promotion drove it into bankruptcy
▼ + stars: | 2024-05-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Red Lobster filed for bankruptcy Sunday, and the bankruptcy filing sheds new light on Thai Union’s role in the endless shrimp mishap. Red Lobster said it is investigating the circumstances of that promotion, which Red Lobster management opposed. Michael Nagle/Bloomberg/Getty Images“This decision created both operational and financial issues for [Red Lobster]… saddling the company with burdensome supply obligations” to Thai Union, Red Lobster said in the filing. “Certain operational decisions by former management have harmed [Red Lobster’s] financial situation in recent years,” Red Lobster said in its bankruptcy filing. Red Lobster stallsBut Red Lobster fell behind its sister brand Olive Garden under Darden.

Persons: Michael Nagle, ”, Alex Susskind, Susskind, General Mills, Bill Darden, Charley Woodsby, Darden, ” Woodsby, Jonathan Maze, Betty Crocker, Red, Mills, Cyrus McCrimmon, ” Joe Lee, Olive, Red Lobster’s, “ Darden, ” Les Foreman, Anthony Behar, SIPPL, AP Darden, they’ve, John Gordon, “, Patrick T, Fallon, Thiraphong Chansiri, ” “, ” Chansiri Organizations: New, New York CNN, Union became Red, Thai Union, Red Lobster, Bloomberg, Getty, Cornell University, CNN, Baby Boomers, General, Howard, Restaurant Business, Darden, Lobster, Denver Post, Harvard Business School, Longhorn, AP, Gate, ‘, Thai, Getty Images Thai Union, ” Thai Locations: New York, Thai Union, Bangkok, Thai, underinvestment, Lakeland , Florida, Orlando, America, Olive, Square , New York, Sale, Torrance , California, AFP

☆ Detroit's population has grown for the first time in 66 years
▼ + stars: | 2024-05-19 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewFor decades, Detroit was an international symbol of urban decay: abandoned neighborhoods, decrepit former factories, and a population exodus. From July 2022 to July 2023, the US Census Bureau says Detroit's population grew by close to 2,000 residents, bumping the city's population to 633,218. AdvertisementWith Detroit's latest population numbers, the city also jumped from the 29th-largest to the 26th-largest city in the United States, overtaking Memphis, Louisville, and Portland. Detroit's numbers are still far from 1950, when the city's population peaked at about 1.85 million. Back then, it was the fifth-largest city in the United States, behind only New York, Chicago, Philadelphia, and Los Angeles.

Persons: —, There's, it's, Mike Duggan, Duggan Organizations: Service, Detroit, Business, Bureau, Memphis, Sun Belt, Associated Press Locations: Detroit, United States, Louisville, Portland, New York, Chicago, Philadelphia, Los Angeles . Detroit, Michigan's

☆ Meet WiFi Money: Wealthy Finance Influencers Who Infuriated Investors
▼ + stars: | 2024-05-19 | by ( Rob Price | ) www.businessinsider.com time to read: +26 min

The Texas couple were staring down more than $100,000 in debt, much of which they had poured into WiFi Money. Those who give their money to WiFi Money are often encouraged to sign up other people in return for a cut of their profits — and perhaps, one day, a chance to become part of the WiFi Money crew. As the money poured in, WiFi Money gained a patina of mainstream credibility. AdvertisementThrough WiFi Money, Moeller and Frederick had created a virtuous cycle of money and influence. The same month investors took WiFi Money to court over the stores, DBC announced it was closing down.

Persons: Alex Moeller, influencer, Jasmine Sadry, Joey Martin, Martin, Moeller, Chris Frederick, Casa Moeller Martinez, MentorCI, Kim Kardashians, Gary Vee, Uber, Etsy, Farnaz Ghaedipour, Frederick, Jay Gatsby, Scott Fitzgerald's, Brandon Celi, There's, Billy, Chris Casey, There's Todd Cahill, Liz Friesen, Tana Mongeau, Kardashian, —, James Ragano, BI Moeller, wouldn't, Kyle McDougal, Sadry, Kyncey, McDougal, hustlers, Kevin O'Leary, Jordan Belfort, Ronaldinho, Glenn Beck, I've, he'd, Daemon, I'm, they'd, It's, Chris Costello, Francis, Ashley, Costello, Gatsby, Casey, Avery Williamson, Victor Bermudez, DBC, They're, Instagram, Rolex Submariner Organizations: WiFi, Lamborghini, McLaren, Fox News, YouTube, Invest, Stanford University, PBS, BI, Social, Yahoo Finance, Business, Times, Piccadilly Circus, Fort, DMs, Kyncey Investments, Amazon, Kyncey, Investors, CNN, Fox Business, Big Tech, Florida Tropics Soccer Club, Royce, WiFi Money, Federal Trade Commission, WifiMoney, IRS, NFL, Dallas, Rolex Locations: Instagram, Mexico, Texas, Dallas, Quito, Ecuador, @amoeller, Florida, pecs, Maryland, Europe, Illinois, Mita, Burj, Fort Worth, dropshipping, Brazilian, New York City, ensconced, Minnesota, Los Angeles, Munich

CNN —Rudy Giuliani was served Friday with notice of his indictment related to an alleged scheme to overturn the 2020 election results in Arizona, according to Arizona Attorney General Kris Mayes. Richie Taylor, a spokesperson for Mayes, previously told CNN that the attorney general’s office had tried for weeks to locate Giuliani. An attendee of the party told CNN that Giuliani was served papers by two agents of the Arizona attorney general’s office in the late hours of the birthday bash. They must concede they can’t count votes.”Hours later, Giuliani was served notice of the indictment. The Arizona indictment is just the latest legal woe for Giuliani stemming from his time as Trump’s attorney after the 2020 presidential election.

Persons: CNN — Rudy Giuliani, Kris Mayes, “, ” Mayes, Giuliani, ”, Richie Taylor, Mayes, Caroline Wren, Kari Lake, ” “, —, Ted Goodman, can’t, Donald Trump’s, Pence, John Eastman, CNN’s Zachary Cohen, Holmes Lybrand Organizations: CNN, GOP, New, New York City, Trump, Dominion Locations: Arizona, Palm Beach , Florida, New York, Phoenix, Georgia

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